LANXESS: strong start into the year – first quarter 2022 expected to exceed market expectations

• Sales expected to increase by 44 percent compared to prior-year quarter
• Expected sales of EUR 2.432 billion exceed average market expectations by 8.5 percent
• Growth of EBITDA pre exceptionals of 32 percent expected compared to prior-year quarter
• Expected EBITDA pre exceptionals of EUR 320 million around 7 percent above average market expectations

April 22, 2022 – Specialty chemicals company LANXESS expects both EBITDA pre exceptionals and sales for Q1 2022 to be significantly above average market expectations and the prior-year result.

EBITDA pre exceptionals for Q1 2022 is expected to be EUR 320 million, exceeding average market expectations of EUR 300 million by around 7 percent.

Sales for Q1 2022 are expected to be EUR 2.432 billion, exceeding average market expectations of EUR 2.241 billion by 8.5 percent.

LANXESS CEO Matthias Zachert said, "The realignment of LANXESS is proving its worth, especially in difficult times. Demand for our high-margin specialty chemicals products remains high now. This course makes us less vulnerable to global fluctuations in demand. Nevertheless, given the geopolitical uncertainties, we remain very vigilant for the rest of the year."

In the prior-year quarter, LANXESS achieved sales of EUR 1.693 billion and EBITDA pre exceptionals of EUR 242 million. The expected sales for the first quarter of 2022 thus represent an increase of 44 percent over the prior-year quarter; the EBITDA pre exceptionals expected for Q1 2022 is 32 percent higher than in the prior-year quarter.

LANXESS will report its final results for Q1 2022 on May 5, 2022. All figures in this release are preliminary and unaudited

Royal Enfield Further Expands the Mid-Size Motorcycle Segment in Thailand

• Royal Enfield became #4 Player in the mid-size motorcycle segment in Thailand (Jan - Dec’21) | Over 7% market share in the mid-size segment in Thailand as well as Asia Pacific region
• More than 10,000 Royal Enfield owners in Thailand and more than 30 Dealer Touch-points
• All-new Classic 350 won the "Best Modern Classic Light Weight" award, The Meteor won the "Best Modern Classic over 250cc" & Himalayan continued to win the "Best Touring LightWeight" award

Bangkok, THAILAND – 21 April 2022 – Royal Enfield, the oldest global motorcycle brand in continuous production and the global leader in mid-size motorcycles has emerged as one of the leading mid-size motorcycle brands in Thailand with over 7% market share. Royal Enfield has created a niche for itself, defining the mid-size (250-750 cc) motorcycle segment in India first and now, globally.

Commenting on the International business Growth at Royal Enfield, B Govindarajan, Executive Director at Royal Enfield said, “Royal Enfield has been performing extremely well in the International markets. Over the last few years, we have witnessed a strong growth momentum in markets outside India as our international volumes almost doubled as compared to FY 2020-21. We have recorded between 80% -100% growth year on year over the past few quarters, and more than 40% increase in volumes as compared to 2019-20. Our share of revenue from international markets has grown three times over the last 5 years. This has been a result of our long-term strategy on growing and leading the middleweight segment globally. We continue to offer motorcycles that are not extreme and can be used for leisure and daily riding, poised to become the first premium global consumer brand from India. With a strong motorcycle line-up, robust network expansion plans and unique rider focused initiatives, we are well on our way for the next phase of growth.

In Thailand, a huge new audience of commuters is upgrading to Royal Enfield’s robust long-distance “leisure riding” experience. As a leisure motorcycling brand, we are not only growing our market share but also mindshare among the motorcycling enthusiasts.”

Commenting on this tremendous feat, Anuj Dua, Business Head – APAC Region, Royal Enfield said, “We are absolutely delighted to be amongst the leading mid-size motorcycle segment in Thailand and in the Asia Pacific market. This outstanding achievement recognizes the continuous efforts of our dedicated teams to make motorcycles which have a truly global appeal and our efforts to be a mid-size motorcycle segment leader in the Asia Pacific markets. We constantly look for ways to make motorcycles which are aspirational and provide value for our customers. This market standing validates the tremendous progress we continue to make in our journey, not just in India but globally as well. Thai riders have given us very encouraging feedback since the inception and this award is proof that we have continued to get many more people into the Pure motorcycling circle. We are making continued headway for strategic growth in Thailand. This is substantiated by the fact that the overall retail footprint in Asia Pacific grew by 28% in key priority markets for FY’ 2021. We currently have 30 Royal Enfield outlets in 25 key provinces of Thailand. We already have over 10,000 loyal customers in Thailand and over 30,000 in the Asia Pacific region with an extremely loyal community. Thailand being one of the most important countries for us, we will continue to bring evocative and accessible motorcycles for all riding enthusiasts.”

Our motorcycles have created benchmarks in their respective categories. All-New Royal Enfield Classic 350 - a timeless classic motorcycle reimagined to meet modern aspirations. The sublime beauty and confidence of the Classic, now enhanced with a smoother and more refined ride experience. The new Royal Enfield Meteor 350 truly represents the eternal essence of riding, the spirit of the cruise; with classic contours & timeless design cues, it is an easy thoroughbred cruiser, ready for the open highway and for meeting the challenges of urban commute with equal ease.

Royal Enfield recently won a hatrick of awards consecutively for the second year from the coveted Grand Prix group in Thailand. The Classic 350 won the "Best Modern Classic LightWeight '' award, The Meteor won the "Best Modern Classic over 250cc" & Himalayan continued to win the "Best Touring LightWeight ''award in a row. Thailand Bike of The Year 2022 is a contest organized by Grand Prix International Public Company Limited to find the best motorcycle in each category. It is one of the most prestigious automotive awards in Thailand and aims to honor those motorcycle brands that commit to enhance innovation to serve the consumers and improve automotive standards.

Furthermore, the Royal Enfield Himalayan, the pride of the brand, comes with the 411cc single-cylinder engine platform. It is a genuine adventure touring motorcycle, built for all roads, and built for no roads. It is great for off-road riding, but also awesome for on-road riding amid urban areas. The Royal Enfield Himalayan reflects the brand’s admirable heritage through its exceptional performance and design.

All riding enthusiasts can further explore the complete range of Royal Enfield motorcycles, including All-new Classic 350, Meteor 350, Himalayan, Interceptor 650, Continental GT 650 at the Royal Enfield Stores across Thailand.

About Royal Enfield
The oldest motorcycle brand in continuous production, Royal Enfield has created beautifully crafted motorcycles since 1901. From its British roots, a manufacturing plant was established in Madras in 1955, a foothold from which Royal Enfield spearheaded the growth of India’s mid-sized two-wheeler segment. Royal Enfields are engaging, uncomplicated, accessible, and fun to ride; a vehicle for exploration and self-expression. It’s an approach the brand calls Pure Motorcycling.

Royal Enfield’s premium line-up includes the all-new Meteor 350 cruiser, Interceptor 650 and Continental GT 650 twins, the Himalayan adventure tourer, and the iconic Bullet 350 and Classic 350 singles. Riders and a passionate community are fostered with a rich profusion of events at a local, regional and international level. Most notable are Rider Mania, an annual gathering of thousands of Royal Enfield enthusiasts in Goa, and Himalayan Odyssey, a yearly pilgrimage over some of the toughest terrain and highest mountain passes.

A division of Eicher Motors Limited, Royal Enfield operates through 1033 large format dealerships and 1038 studio stores in all major cities and towns in India and exports to over 60 countries around the globe. The company’s two state-of-the-art production facilities are located at Oragadam and Vallam Vadagal, near Chennai. Royal Enfield recently invested in two world-class technical centers, in Bruntingthorpe, UK, and Chennai, India, and in 2020 opened its first assembly unit outside India, in Buenos Aires, Argentina. With more than 17% growth year-on-year for the last 5 years and sales in international markets up 96% in 2019-20, Royal Enfield is the leader in the global mid-size motorcycle market.

Central Embassy joins hands with the Tourism Authority of Thailand to launch the event, A Sense of Thai 2022: Summer Vibrance,an invitation for everyone to add a touch of vitality and colour to the summer and celebrate the most amazing Songkran festival from 7th-17th April 2022

Welcoming everyone into the colourful summer season for a fun, joyous and safe experience, Central Embassy, the centre for all forms of art, fashion and superior lifestyle, has teamed up with the Tourism Authority of Thailand (TAT) to host this new years’ Songkran event, ‘A Sense of Thai 2022 Presented by the Tourism Authority of Thailand’. It is the destination for lively tourism during the Thai New Year festival, from 7th-17th April 2022. Under the concept of Summer Vibrance and inspired by a fun lifestyle, experience the beauty of Isan nature and culture blended perfectly within an era of modernity and an atmosphere of creative experience that celebrates the uniqueness of the northeast.

Some of the highlights that represent the flavour of Isaan during the festivities start with the ‘Summer Spider Lawn’. Situated in front of the shopping centre, visitors can experience a Mekong River flow simulation surrounded by the decorations of ‘Thung’ - wind chimes made from cotton and silk threads bound together like a spider's web, a symbol used by Isan people to repel negativity and also believed to bring eternal merit, beauty, peace and happiness. Central Embassy supports the local community by bringing and showcasing their outstanding cultural products woven by the villagers of the Kalasin province furthering links, career opportunities, and income generation for the community as a whole.

Making your way to level 1 at the ‘Light the Way’ zone, find yourself dazzled by beautifully lit lanterns decorated in Thai fabric patterns lining the bridge that connects the Ploenchit BTS station to Central Embassy bringing brightness and colour and welcoming all visitors to the start of the festival of happiness and fun.

On level 2, in support of Isaan community businesses, there are beautiful folk arts, cultural products, and Isan crafted decorations all from the northeastern region on display along the connecting tunnel of Central Embassy and the Central Chidlom Department Store. Named the 'Vibrant Connection', this event represents the movement and brightness of summer, ranging from indigo-dyed fabric products of Sakon Nakhon province to reed woven mats from Surin province - timeless traditional products that blend perfectly in today’s contemporary world.

In addition to this, on levels 2-4 of Central Embassy, to provide opportunities and generate income for business operators within the tourism and hospitality industry, there is the Songkran Marketplace by TAT organized by the Tourism Authority of Thailand. At this event, we invite everyone to shop for premium tours, hotels and spa packages from entrepreneurs from all regions of the country with more than 60 booths providing high quality and standards from the Amazing Thailand Safety and Health Administration (SHA) at a special price.

To fulfill the joy of the festival on level 5, don’t forget to check out the 'Summerful Market' zone where you can find a collection of Thai community cultural products, such as Thai fabrics, various ornaments and local food from more than 12 shops for customers to choose from. There is also the 'Summer Vibe Activities' zone, which holds activities for bathing the Buddha image for good fortune. If that isn’t enough, be sure to drop by to see a performance of contemporary Thai-Isan music on public holidays, Saturdays & Sundays and during the Songkran Festival on the 7th, 9th & 10th and from 13th – 17th April 2022 at 12:00 p.m., 3:00 p.m. and 6:00 p.m., including the 'Isan Palette' zone with a Thung-making workshop every day throughout the event from 11:00 a.m. to 7:00 p.m. free of charge but with donations welcome with proceeds going to the Million Gift Million Smile Foundation. Also, for those interested in the local and wise art of weaving, join in the fun with a special workshop teaching Isan style weaving. This workshop is available upon presentation of receipts of up to 3,000 Baht from shopping at Central Embassy between 13th -17th April 2022.

On Level LG, tantalise your tastebuds at Eathai where Central Embassy's collection of Thai eateries brings the best of Thailand in one spot with the Khao Chae Festival and seasonal Thai desserts starting from today until 30th April 2022. Treat yourself to a variety of delicious Isan style dishes on level 5 where Som Tam Nua restaurant serves a special "Som Tam Nua Signature" set (for dine-in only), which includes famous dishes from the restaurant such as Mao Lam Tum Mua or Mao Lam Tum Thai, deep-fried chicken, stir-fried rice noodles served on a hot pan, spicy soup with pork ribs (1 serve) and sticky rice (3 serves) at a special price of 888 baht, from the regular price of 979 baht (excluding 10% service charge) from now until 30th April 2022. Continuing with the deliciousness, choose from a massive selection of dishes to cool you down during the summer with over 40 leading restaurants and cafes including ATM Tea Bar, Audrey Café Glamour, Bangkok Bold Kitchen, Coffee Beans by Dao, Dean & Deluca, Hong Bao, Kaithong Original, Kay's Boutique Café, KOI Thé, Muteki by Mugendai, Paul, SIWILAI City Club, SIWILAI Café, Water Library, Thong Smith and Thong Sweet.

Don’t miss our special promotion from 13th-17th April 2022 - for 100 customers, when spending 30,000 baht or more at the shopping centre, receive the free 60 ml. special fragrance 'Summer Vibrance', in a collaboration with Central Embassy and the famous Thai perfume brand MITH Bangkok and renowned perfumer, Hamid Merati-Kashani, exclusively created for this event with a refreshing summer scent to make you feel bright and airy like Crystal Flower (limited to the first 20 people per day).

For further details on promotions and activities please visit www.facebook.com/centralembassy or www.centralembassy.com contact at 0-2119-7777#2001