Industrial Solutions Q3 2021 Sales in the Industrial Solutions segment were considerably above the level of the third quarter of 2020. Both the Dispersions & Resins division as well as the Performance Chemicals division contributed to this growth. (XLSX:) XLS Factors influencing sales in Q3 2021 – Industrial Solutions Industrial Solutions Dispersions & Resins Performance Chemicals Volumes 11% 10% 14% Prices 18% 22% 11% Portfolio –10% –16% 0% Currencies 1% 1% 0% Sales 20% 17% 25% Sales growth was driven by higher price levels in both divisions resulting largely from increased prices for raw materials. Particularly Dispersions & Resins raised prices significantly. Higher volumes in almost all business areas of both divisions supported sales performance. In the prior-year quarter, the segment’s sales volume development had been negatively impacted by the effects of the coronavirus pandemic. Currency effects, especially in Asia Pacific, had a slightly positive impact on sales. Negative portfolio effects in Dispersions & Resins associated with the divestiture of the global pigments business had an offsetting impact. The segment’s income from operations (EBIT) before special items grew considerably, mainly a result of the significant earnings increase in Dispersions & Resins. The division’s higher EBIT before special items was primarily due to higher volumes. The Performance Chemicals division slightly increased EBIT before special items, largely because of the positive volume development. The decline in special items in the third quarter of 2021 was due primarily to the special charges for impairments in the prior-year quarter. (XLSX:) XLS Segment data – Industrial Solutions (Million €) Q3 January–September 2021 2020 +/– 2021 2020 +/– Sales to third parties 2,205 1,844 20% 6,672 5,761 16% of which Dispersions & Resins 1,399 1,200 17% 4,322 3,674 18% Performance Chemicals 806 644 25% 2,350 2,087 13% Income from operations before depreciation, amortization and special items 347 274 27% 1,085 897 21% Income from operations before depreciation and amortization (EBITDA) 315 264 19% 1,082 824 31% Depreciation and amortizationa 86 186 –54% 254 373 –32% Income from operations (EBIT) 229 78 194% 828 451 84% Special items –33 –108 69% –7 –171 96% EBIT before special items 262 186 41% 835 622 34% Assets (September 30) 6,010 6,556 –8% 6,010 6,556 –8% Investments including acquisitionsb 83 81 2% 215 216 0% Research and development expenses 39 45 –13% 129 133 –3% 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