www.se.com 406 Schneider Electric Universal Registration Document 2021 Chapter 5 – Consolidated financial statements at December 31, 2021 (in millions of euros) Full Year 2020 Energy Management Industrial Automation Central functions & digital costs Total Backlog 7, 2 31 1,765 – 8,996 Revenue 19,344 5,815 – 25 ,15 9 Adjusted EBITA 3,634 992 (700) 3,926 Adjusted EBITA (%) 18.8% 17.1% 15.6% On December 31, 2020, the total backlog to be executed in more than a year amounted to EUR 639 million. Energy Management generated an adjusted EBITA of EUR 4,501 million, i.e. 20.3% of its revenues, up c. 140 bps organic (up 150 bps on a reported basis and up c. 170 bps organically compared to 2019), mainly driven by the increase in volume, a good level of industrial productivity, and a positive impact from mix. Industrial Automation generated an adjusted EBITA of EUR 1,242 million, i.e. 18.5% of its revenues, up c. 90 bps organic (up 140 bps on a reported basis and up c. 60 bps organically compared to 2019), due mainly to the increase in volume and positive net pricing, despite a dilutive effect on mix from the lesser growth of AVEVA. Central functions & digital costs in 2021 amounted to EUR 756 million (EUR 700 million in 2020), reducing slightly as a proportion of revenue to 2.6%. Investment in the Group’s strategic priorities increased year-over-year, while the Corporate cost element continued to be an area of focus and remained under tight control, decreasing to around 0.7% of Group revenues in 2021. Amortization and impairment of purchase accounting intangibles The amortization and impairment of purchase accounting intangibles amounted to EUR 410 million compared with EUR 207 million last year. The increase is mostly driven by additional amortization linked with acquisitions completed in the second semester 2020 and the first semester 2021 (mainly RIB Software SE, Larsen & Toubro and OSIsoft LLC). Operating income (EBIT) Operating income or EBIT (Earnings Before Interest and Taxes), increased from EUR 3,088 million for 2020 to 4,331 million for 2021, an increase of 40.3%. Net financial income/loss Net financial loss amounted to EUR 176 million for 2021, compared to EUR 278 million for 2020. Financial result has been improved significantly, thanks to the decrease of the cost of net financial debt (from EUR 112 million in 2020 to EUR 95 million in 2021), as well as a reduced impact from forex exchange fluctuations (from EUR 36 million in 2020 to EUR 8 million in 2021). Income tax expense The effective tax rate was 23.2% for 2021, and 22.7% for 2020. The corresponding income tax expense increased from EUR 638 million for 2020 to EUR 966 million for 2021. Share of profit/ (loss) of associates The share of associates was a EUR 84 million profit for 2021, compared to EUR 66 million profit for 2020. Non-controlling interests Non-controlling interests in net income for 2021 totaled EUR 69 million, compared to EUR 112 million for 2020. This represents the share in net income attributable to the non-controlling interests, mainly coming from the Group Chinese subsidiaries and AVEVA subgroup. Profit for the year (attributable to owners of the parent) Profit for the year attributable to the equity holders of our parent company amounted to EUR 3,204 million for 2021, compared to EUR 2,126 million profit for 2020. Earnings per share Basic Earnings per share amounted to EUR 5.76 per share for 2021 and EUR 3.84 per share for 2020. 5.7 Management report for the year ended December 31, 2021