Materials Q1 2021 In the Materials segment, sales in both divisions were considerably higher than in the prior-year quarter. (XLSX:) XLS Factors influencing sales in Q1 2021 – Materials Materials Performance Materials Monomers Volumes 9% 12% 6% Prices 12% 4% 22% Portfolio 3% 2% 3% Currencies –4% –5% –3% Sales 20% 13% 28% The sales increase was mainly attributable to significantly higher prices and volumes. In the Monomers division, price levels rose for isocyanates in particular. The Performance Materials division recorded higher prices, especially for polyurethane systems, due to higher raw materials prices. Volume growth was primarily driven by a recovery in demand. The Performance Materials division increased volumes in Asia in particular. Here, the prior-year quarter was negatively impacted by a collapse in demand as a result of the pandemic, especially in China. Sales volumes also rose in Europe compared with the prior-year quarter, largely due to stronger demand from the transportation and construction industries. Volumes also rose in the Monomers division, particularly for methylene diphenyl diisocyanate (MDI). Plant shutdowns in North America due to the cold weather led to significant production outages and raw material bottlenecks, which dampened sales performance in both divisions. Portfolio effects from the acquisition of the integrated polyamide business from Solvay, which closed as of January 31, 2020, had a positive impact on sales. Sales performance in both divisions was weighed down by currency effects. Income from operations (EBIT) before special items rose considerably. This was mainly driven by a considerably higher earnings contribution from the Monomers division due to improved isocyanate margins on the back of higher prices. EBIT before special items rose slightly in the Performance Materials division. Volume growth more than offset lower margins from higher raw materials prices. As in the prior-year quarter, EBIT included special charges from the integration of the polyamide business acquired from Solvay. (XLSX:) XLS Segment data – Materials (Million €) Q1 2021 2020 +/– Sales to third parties 3,447 2,874 20% of which Performance Materials 1,732 1,531 13% Monomers 1,715 1,343 28% Income from operations before depreciation, amortization and special items 863 415 108% Income from operations before depreciation and amortization (EBITDA) 843 325 159% EBITDA margin % 24.5 11.3 − Depreciation and amortizationa 195 206 –5% Income from operations (EBIT) 648 119 445% Special items –24 –90 73% EBIT before special items 672 209 222% Assets (March 31) 9,696 10,642 –9% Investments including acquisitionsb 105 1,419 –93% Research and development expenses 42 45 –7% a Depreciation and amortization of property, plant and equipment and intangible assets (including impairments and reversals of impairments) b Additions to property, plant and equipment and intangible assets back next