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    Harry Goad

    Research Analyst at Berenberg

    Harry Goad's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership

    Harry Goad's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • Q3 2021

    Question

    Harry Goad from Berenberg asked for feedback from the business on achieving market share gains via the new 'Grow & Impact' strategy. He also inquired whether the current strong order backlog is primarily driven by private or public sector demand.

    Answer

    COO, CEO & Director Benoit Bazin reported that teams are highly motivated and engaged with the 'Grow & Impact' plan, showing a competitive spirit to outperform. CFO Sreedhar N. noted the plan's bottom-up development created strong buy-in. Regarding the backlog, Bazin confirmed it is currently dominated by the private sector but expects public projects to ramp up in 2022, with early positive signs in France and the U.S. commercial market.

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    Harry Goad's questions to COMPAGNIE DE SAINT GOBAIN (CODYY) leadership • Q1 2021

    Question

    Harry Goad of Berenberg Bank asked for commentary on demand patterns in the broader construction economy across Europe, beyond the well-covered strength in the renovation segment.

    Answer

    Pierre-Andre de Chalendar explained that new construction trends vary by country: Germany is positive, France is less good but mitigated by Saint-Gobain's exposure, and the U.K. is recovering from a low point. He added that the non-residential segment is performing 'okay,' not as negative as feared, with a more significant positive impact from public building renovation expected in 2022.

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