LANXESS : C) Slides for the speech of the Chairman of the Board of Management

Steering against the storm

Annual Stockholders' Meeting

CEO Matthias Zachert

Safe Harbor Statement

The information in this presentation is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities of LANXESS AG. There is no public market for the trading of LANXESS AG securities in the United States of America.

This presentation contains forward-looking statements including assumptions, expectations and opinions of the company as well as the reproduction of assumptions and opinions of third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation or economic development of LANXESS AG and the expectations expressed or implied herein. LANXESS AG gives no assurance that the assumptions underlying these forward-looking statements are accurate and assumes no responsibility for the future accuracy of the statements made in this statement or for the actual occurrence of the future developments described herein. LANXESS AG assumes no liability (either directly or indirectly) for the information, estimates, target expectations and opinions mentioned herein, and no reliance should be placed on them. LANXESS AG assumes no responsibility for any errors, omissions or misstatements in this release. Accordingly, no representative of LANXESS AG or any of its group companies or any of their respective bodies accepts any responsibility whatsoever arising directly or indirectly from the use of this document.

2

2023: The multi-crisis year of the chemical industry

Weak demand in		Customers'		High energy costs		Geopolitical tensions
customer industries		destocking		in Germany

3

Determined and consistent action

FORWARD! action program launched early on

Debt reduced, cash flow increased

Specialty chemicals portfolio further sharpened

4

Weak demand impacts sales and earnings

Sales		EBITDA

-17%	-45%
8,088	930
	6,714

512

2022

2023

2022

2023

5 All figures in million euros​

All EBITDA figures are pre exceptionals

Dividend adjusted to economic and financial situation

Economic situation and debt are taken into account

Focus 2023/2024: debt reduction

Dividend proposal for 2023: EUR 0.10

6	Dividend proposal to the Annual Stockholders Meeting on May 24, 2024

FORWARD! action program on track

	Ad hoc measures	✓	Structural measures	✓
					60
50	50	Costs
Investments
		90	90
				2024	2025

One-off savings: EUR 100 million

Permanent savings: EUR 150 million

Leaner structures

✓

Reduction of 870 jobs worldwide, thereof 460 in Germany

Business

Administration

Majority of contracts signed

7	Financial figures in million euros

Envalior launched

Global champion for high-tech plastics

• Joint venture with Advent
• Business unit HPM and Engineering Materials Business form DSM bundeled
• Global footprint

More stable positioning for LANXESS

• Strategic setup further sharpened
• LANXESS receives around EUR 1.3 billion
• Balance sheet strengthened

8

Operational emissions significantly reduced - not only due to lower production

CO2e emissions (Scope 1 + 2)

2,950

2,533 2,591

1,994

1,722

2019 2020 2021 2022 2023

• -11% emissions p.a.

9 CO2e emissions in kilotons

CO2e emissions 2023 from continuing operations

Scope 3 emissions reduced due to increasing use of green raw materials and lower production volumes

CO2e emissions (Scope 3)

19,087

16,876

14,499

11,160

9,531

2019 2020 2021 2022 2023

• -14% emissions p.a.

10 CO2e emissions in kilotons

CO2e emissions 2023 from continuing operations