Air Liquide : First Half 2023 Financial Report

Content

ACTIVITY REPORT - FIRST HALF 2023	3
H1 2023 performance	4
Investment Cycle	17
Risk Factors	18
Outlook	19
Appendices	20

FINANCIAL STATEMENTS	25
Condensed Consolidated Financial Statements	27

CERTIFICATION BY THE PERSON
RESPONSIBLE FOR THE FIRST HALF
FINANCIAL REPORT	43
Person responsible for the first half financial report	44
Certification by the person responsible for the first half financial	44
report

2023

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present

in 73 countries with approximately 67,100 employees and serves more than 3.9 million customers and patients.

Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide's scientific territory and have been at the core of the Company's activities since its creation in 1902.

Taking action today while preparing the future is at the heart of Air Liquide's strategy. With ADVANCE,

its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition-particularly with hydrogen-and takes action to progress in areas of healthcare, digital and high technologies.

Air Liquide's revenues amounted to more than 29.9 billion euros in 2022. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50, FTSE4Good and DJSI indexes.

This document is a non-binding "free" translation from French into English and has no legal value other than an informative one. Should there be any difference between the French and the English version,

only the text in French language shall be deemed authentic and considered as expressing the exact information published by Air Liquide.

FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2023

AIR LIQUIDE

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FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2023

AIR LIQUIDE

Activity report

H1 2023 PERFORMANCE	4
Key figures	6
Income Statement	7
Change in Net debt	15
Extra-financial performance	16
INVESTMENT CYCLE	17
RISK FACTORS	18
OUTLOOK	19
APPENDICES	20
Performance Indicators	20
Calculation of performance indicators (Semester)	21
Calculation of performance indicators (Quarter)	23
2nd quarter 2023 revenue	23
Geographic and segment information	24

FIRST HALF FINANCIAL REPORT AS OF JUNE 30, 2023

AIR LIQUIDE

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