Key Data Covestro Group

Reference information was not restated, see Note 2.1 “Financial Reporting Standards Applied for the First Time in the Reporting Period.”

Core volume growth refers to the core products in the Polyurethanes, Polycarbonates and Coatings, Adhesives, Specialties segments. It is calculated as the percentage change in externally sold volumes in thousand tons compared with the prior year. Covestro also takes advantage of business opportunities outside its core business, for example the sale of precursors and by-products such as hydrochloric acid, sodium hydroxide solution and styrene. These transactions are not included in core volume growth.

Reference values calculated on the basis of the definition of the core business effective March 31, 2019

EMLA: Europe, Middle East, Africa and Latin America (excluding Mexico) region

NAFTA: United States, Canada and Mexico region

APAC: Asia and Pacific region

EBITDA: EBIT plus the sum of depreciation, amortization, impairment losses and impairment loss reversals

EBIT: Income after income taxes plus financial result and income taxes

Net income: income after income taxes attributable to the stockholders of Covestro AG

Earnings per share: according to IAS 33, earnings per share comprise net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation was based on 196,605,012 no-par shares for the second quarter of 2018 and on 197,746,827 no-par shares for the first half of 2018, and on 182,704,602 no-par shares for the second quarter of 2019, and for the first half of 2019.

Operating cash flows: cash flows from operating activities according to IAS 7

Free operating cash flow: operating cash flows less cash outflows for additions to property, plant, equipment and intangible assets