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Operational excellence - Solvay

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STRATEGIC VISION - AMBITION<br />

Focused on value creation<br />

Culture of Excellence<br />

HIGH<br />

PROFITABILITY<br />

ROBUST<br />

CAPITAL STRUCTURE<br />

REBITDA<br />

€ 3bn*<br />

by 2016<br />

STRONG CASH FLOW<br />

GENERATION<br />

VALUE CREATION<br />

CFROI > WACC<br />

Leveraging on strong track record<br />

* At constant scope and assuming no major macroeconomic crisis<br />

Capital Markets Day 2012 April 24, 2012 15

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