www.se.com 402 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 5.7 Extract of the management report for the year ended December 31, 2021 Consolidated financial statements Business and Statement of Income highlights Acquisitions & disposals of the period Acquisitions OSIsoft LLC. As announced on March 19, 2021, Schneider Electric’s majority-owned subsidiary, AVEVA Group Plc, has completed the acquisition of OSIsoft, for a consideration of EUR 4.5 billion (USD 5.1 billion). OSIsoft is fully consolidated since the acquisition date, and reports within the Industrial Automation reporting segment. The consideration paid was funded by EUR 3.9 billion (USD 4.4 billion) of cash, and by a EUR 0.5 billion (USD 0.6 billion) issue of 13,655,570 ordinary shares from AVEVA Group Plc to Estudillo Holdings Corp. The purchase accounting as per IFRS 3R is not completed as of December 31, 2021. OSIsoft carrying value at acquisition date for net identifiable assets was EUR (1) million. The net adjustment of the opening balance sheet is EUR 1,460 million, resulting mainly from the booking of identifiable intangible assets (technology for EUR 998 million, customer relationship for EUR 288 million and trademark for EUR 150 million) and from a decrease in contract liabilities for EUR 71 million resulting from the remeasurement at fair value of the deferred revenue following the business combination under IFRS 3R. The preliminary goodwill recognized amounts to EUR 3,001 million at acquisition date. ETAP On June 28, 2021, the Group completed the transaction to purchase a controlling stake in Operation Technology Inc. (“ETAP”). As of June 30, 2021, the Group has acquired 80% of the capital of ETAP for a consideration of EUR 216 million, fully paid in cash. ETAP is consolidated within Energy Management reporting segment. The Group holds an agreement to acquire the remaining 20% minority interests in 2025. The related debt has been recognised in “Other non-current liabilities”. The purchase accounting as per IFRS 3R is not completed as of December 31, 2021. ETAP carrying value at acquisition date for net identifiable assets was EUR 13 million. The net adjustment of the opening balance sheet is EUR 26 million, resulting mainly from the booking of a preliminary amount of identifiable intangible assets (technology, customer relationship and trademark). The preliminary goodwill recognized amounts to EUR 260 million at acquisition date and includes the forward agreement for the acquisition of the remaining 20% minority interests in 2025. Uplight Inc. The Group completed the acquisition of 29.6% of Uplight Inc. on July 27, 2021 for a consideration of EUR 378 million. In October 2021, the Group subscribed to a capital increase EUR 20 million for the acquisition of Agentis by Uplight Inc., resulting in a dilution of the Group’s interest to 29.4%. Uplight Inc. has been accounted for by the equity method since August 1, 2021. I.G.E + X.A.O. On November 24, 2021, the simplified tender offer for the shares of IGE+XAO, submitted to the AMF, has been closed. At the end of the tender offer, the Group owns 83.93% of IGE+XAO’s share capital. Qmerit On December 20, 2021, the Group acquired 85.85% of the capital of Qmerit, fully consolidated in Energy Management reporting segment. Qmerit is accelerating the shift away from traditional fossil fuel-powered systems, toward more sustainable, resilient electric technologies. The Group holds an agreement to acquire the remaining 14.15% minority interests. The related debt has been recognised in “Other noncurrent liabilities”. The purchase accounting as per IFRS 3R is not completed as of December 31, 2021. Disposals In 2021, the Group recorded a total amount of EUR 196 million of gain on business disposals, mainly related to the following: Cable Support On April 27, 2021, the Group announced the signing of the agreement to divest the Cable Support business which was consolidated within Energy Management reporting segment. The transaction was finalized, on June 30, 2021. IMServ On July 28, 2021, the Group completed the sale of IMServ, a provider of metering and data services to the energy market. It was consolidated within Industrial Automation reporting segment. US Motion On July 9, 2021, the Group completed the sale of the US Motion industrial, a manufacturer of motion control components for automation equipment. It was consolidated within Industrial Automation reporting segment.