Covestro Group Key Data

Earnings before interest, taxes, depreciation and amortization (EBITDA): EBIT plus depreciation, amortization, and impairment losses; less impairment loss reversals on intangible assets and property, plant and equipment.

Other changes in EBITDA such as changes in provisions for variable compensation.

Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.

Net income: income after income taxes attributable to the shareholders of Covestro AG.

Earnings per share: according to IAS 33 (Earnings per Share), net income divided by the weighted average number of outstanding no-par value voting shares of Covestro AG. The calculation for fiscal 2022 was based on 190,933,438 no-par shares (previous year: 193,165,396 no-par shares).

Cash flows from operating activities according to IAS 7 (Statement of Cash Flows).

Free operating cash flow (FOCF): cash flows from operating activities less cash outflows for additions to property, plant, equipment and intangible assets.

Excluding provisions for pensions and other post-employment benefits.

As of December 31 in each case.

Return on capital employed (ROCE): ratio of EBIT after imputed income taxes to capital employed. Since the year 2022, imputed income taxes have been calculated by multiplying an imputed tax rate (previously: effective tax rate) of 25% by EBIT.

Weighted average cost of capital (WACC): weighted average cost of capital reflecting the expected return on the company’s equity and debt capital.

Employees calculated as full-time equivalents (FTEs).

Greenhouse gas (GHG) emissions (Scope 1 and Scope 2, GHG Protocol) at main production sites (responsible for more than 95% of our energy usage).