www.se.com 404 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 Results of Operations The following table sets forth our results of operations for 2021 and 2020: (in millions of euros except for earnings per share) Full Year 2021 Full Year 2020 Variance Revenue 28,905 25 ,15 9 14.9% Cost of sales (17, 0 6 2) (15,003) 13.7% Gross profit 11,8 4 3 10,15 6 16.6% % Gross profit 41.0% 40.4% Research and development (855) (718) 19 .1% Selling, general and administrative expenses (6,001) (5,512) 8.9% EBITA adjusted* 4,987 3,926 2 7.0% % EBITA adjusted 17. 3% 15.6% Other operating income and expenses (21) (210) (90.0)% Restructuring costs (225) (421) (46.6)% EBITA* * 4,741 3,295 43.9% % EBITA 16.4% 13.1% Amortization and impairment of purchase accounting intangibles (410) (207) 9 8 .1% Operating income 4,331 3,088 40.3% % Operating income 15.0% 12.3% Interest income 4 14 (71.4)% Interest expense (99) (126) (21.4)% Finance costs, net (95) (112) (15.2)% Other financial income and expense (81) (166) (51. 2)% Net financial income/(loss) (176) (278) (36.7)% Profit from continuing operations before income tax 4 ,15 5 2,810 47. 9% Income tax expense (966) (638) 51.4% Share of profit/(loss) of associates 84 66 2 7. 3 % PROFIT FOR THE YEAR 3,273 2,238 46.2% attributable to owners of the parent 3,204 2,126 50.7% attributable to non-controlling interests 69 112 (38.4)% Basic earnings (attributable to owners of the parent) per share (in euros per share) 5.76 3.84 50.0% Diluted earnings (attributable to owners of the parent) per share (in euros per share) 5.67 3.81 48.8% * Adjusted EBITA (Earnings Before Interest, Taxes, Amortization of Purchase Accounting Intangibles). Adjusted EBITA corresponds to operating profit before amortization and impairment of purchase accounting intangible assets, before goodwill impairment, other operating income and expenses and restructuring costs. ** EBITA (Earnings Before Interest, Taxes and Amortization of Purchase Accounting Intangibles). EBITA corresponds to operating profit before amortization and impairment of purchase accounting intangible assets and before goodwill impairment. Revenue Consolidated revenue totaled EUR 28,905 million for the period ended December 31, 2021, up 14.9% on a reported basis. Organic growth was positive for 12.7%, acquisitions and disposals accounted for 3.5% and the currency effect for (1.3)%. Evolution of revenue by reporting segment The following table sets forth our revenue by business segment for years ended December 31, 2021 and 2020: (in millions of euros) Energy Management Industrial Automation Total Full Year 2021 2 2,179 6,726 28,905 Full Year 2020 19,344 5,815 25 ,15 9 Energy Management generated revenues of EUR 22,179 million, equivalent to 77% of the Group’s revenues and was up 13.3% organically, with double-digit growth across all regions. Sales growth was supported by price actions taken throughout the year, though impacted by supply chain pressures mainly in the second half of the year. Residential buildings remained one of the group’s strongest markets. Demand for the Group’s offers in non-residential buildings also remained strong, including recovery in hotels and commercial offices. Data centers & networks showed double-digit growth with continued strong demand. Energy Management benefited from cross-sells offers into Infrastructure and Industry end-markets. The Group benefited throughout the year from execution on a large project in Egypt. In industrial end-markets, growth was strongest in discrete automation, particularly in OEMs. Later cycle industrial markets remained challenged although with positive demand trends including in Metal, Mining and Minerals (MMM) and Oil and Gas (O&G). 5.7 Management report for the year ended December 31, 2021