www.se.com 408 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 Investing Activities Net capital expenditure, which includes capitalized development projects, increased, at EUR 817 million for 2021, compared to EUR 762 million for 2020, and representing 2.8% of sales in 2021 compared to 3.0% in 2020. Free cash-flow (cash provided by operating activities net of net capital expenditure) amounted to EUR 2,799 million in 2021 versus EUR 3,673 million in 2020. Cash conversion rate (free cash-flow over net income attributable to the equity holders of the parent company on continuing operations) was 87% in 2021 versus 173% in 2020. The acquisitions net of disposals represented a cash out of EUR 4,231 million (net of acquired cash) for 2021, compared with EUR 2,393 million for 2020. Those amounts correspond mainly to the acquisitions and disposals described in Notes 2.1 and 2.2 of the Consolidated Financial Statements (Chapter 5). Financing Activities Net cash outflow from financing activities amounted to EUR 3,093 million during the year 2021, compared to cash inflow of EUR 2,585 million during the year 2020, mainly due to changes in net debt and to the cash received from AVEVA’s minority interests in 2020, following the increase of capital realized by the latter, to finance the acquisition of OSISoft. The net cash outflow from other financial debts amounted to EUR 444 million in 2021, compared to a net cash inflow of EUR 1,032 million in 2020. The 2020 inflow is mainly due to a net commercial paper issuance of EUR 1,302 million. The dividend paid by Schneider Electric was EUR 1,447 million in 2021, compared with EUR 1,413 million in 2020. 5.7 Management report for the year ended December 31, 2021