#1OCTOBER 24, 2023 Kemira Investor Presentation Chemistry with a purpose. Better every day. INVESTOR PRESENTATION Kemira#2INVESTOR PRESENTATION Content 1. Kemira in brief 2. Investment highlights 3. Kemira as a sustainable investment 4. Pulp & Paper 5. Industry & Water 6. Recent progress 7.Appendix 2 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION#3INVESTOR PRESENTATION Kemira in brief Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION Kemir 3#4Kemira in brief LAST 12 MONTHS: REVENUE EUR 3,543 MILLION, OPERATIVE EBITDA EUR 681 MILLION, OPERATIVE EBITDA MARGIN 19.2%, OPERATIVE ROCE 21.6% SEGMENT SPLIT GEOGRAPHIES ■ 45% Industry & Water ■ 55% Pulp & Paper 40% #2 globally AMERICAS 2. South #1 in water treatment in Europe O #2 in friction reduction in North American shale oil & gas 1. USA 2. Canada 3. Brazil 10% APAC 1. China Korea 3. Indonesia 50% EMEA 1. Finland 2. Sweden 3. Germany PRODUCTS 15% Other: e.g. defoamers, dispersants, and biocides 15% Sizing and strength 25% Polymers 25% Bleaching and pulping O 20% Coagulants Revenue by geographies and product category represent FY 2022. CUSTOMERS Several thousand customers TOP 10 customers are -25% of revenue TOP 50 customers are ~50% of revenue EXAMPLES OF LARGEST CUSTOMERS Municipalities, e.g. Berlin, New York, Paris, Shanghai Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION APP BRENNTAG Carlsberg HALLIBURTON Schlumberger INTERNATIONAL PAPER Metsä Klabin UPM storaenso Note: Revenue by industry, product and geography rounded to the nearest 5% 4#5Global reach - local excellence 61 MANUFACTURING SITES Regional HQ Atlanta, USA R&D Atlanta, USA UNITS IN AROUND 40 COUNTRIES SALES IN OVER 100+ COUNTRIES AMERICAS 40% EUR 1,414 MILLION 20 1,525 Polymers and other process chemicals (23) Bleaching and pulping (10) Coagulants (28) Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION *::: KEMIRA HQ Helsinki, Finland R&D Espoo, Finland EMEA 51% EUR 1,832 MILLION 2,446 Employees R&D and technology centers ## Regional HQ Shanghai, China R&D Shanghai, China ASIA PACIFIC 9% EUR 323 MILLION 931 5#6We have transformed the company several times over the past 100 years 1972 1985-1992 STATE- OWNED 1950 Development of first chemicals for paper applications 1961 Name changed to Rikkihappo Oy (Sulfuric acid Ltd.) FERTILIZERS AS CORE STRATEGY 1920 Establishment of the state-owned sulphuric acid and phosphorous fertilizer plants The "Kemira❞ name adopted Expansion continues in Europe e.g., 1994 Kemira is listed on the Helsinki stock exchange 2008 Water chemistry established as the focus of strategy Belgium and Spain CONGLOMERATE Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION PUBLICLY TRADED COMPANY 2015 Acquisition of Akzo Nobel's paper chemicals business 2023 Strategic review of the Oil & Gas business initiated WATER AS CORE STRATEGY 1982 First expansion abroad to the UK 1989 Kemira expands to Asia through joint venture in Japan 2004 GrowHow listed on the Helsinki Stock Exchange 2009 Tikkurila listed on the Helsinki Stock Exchange 2020 Kemira centennial anniversary 6#72,200 2,000 260 Pulp & Paper - strong business with solid track record REVENUE AND OPERATIVE EBITDA EUR million 348 REVENUE BY CUSTOMER TYPE AND MARKET GROWTH 40% Pulp ■ 40% 245 1,800 218 195 198 1,600 192 1,400 2,028 1,200 1,000 1,457 1,477 1,520 1,523 1,458 1,560 800 Market growth* 1-2% 2-3% -2--3% 600 2016 2017 2018 2019 2020 2021 2022 MARKET ENVIRONMENT Solenis (paper) #1 REVENUE BY PRODUCT CATEGORY 5% Other Board & tissue 20% Printing & writing papers 10% Polymers REVENUE BY GEOGRAPHIES AND MARKET GROWTH BY REGION 20% Defoamers, dispersants, biocides, coagulants and other process chemicals O CUSTOMER EXAMPLES 40% Bleaching & pulping 25% Sizing & strength 55% Kemira (pulp and paper) m.s.~16% #2 EMEA 15% 30% Americas APAC UPM APP Klabin Nouryon (pulp) #3 BILLERUDKORSNÄS INTERNATIONAL PAPER mondi Ecolab (paper) #4 Kurita (paper) #5 Market growth* 3-4% 1% 2-3% Metsä Kimberly-Clark storgenso *chemical market growth in 2022-2027 Note: Revenue by industry, product and geography rounded to the nearest 5% Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 7#8Industry & Water - strong positions in chosen categories REVENUE AND OPERATIVE EBITDA EUR million REVENUE BY APPLICATION TYPE AND MARKET GROWTH 1,600 224 1,400 192 175 181 70% 1,200 Water treatment 1,000 131 107 114 800 1,542 600 906 1,009 1,073 1,136 970 1,115 Municipal 400 200 0 Market growth* 4-5% Industrial 20% 10% Oil & Gas Other REVENUE BY PRODUCT CATEGORY 15% Other products such as 40% Coagulants о defoamers and biocides 7-8% 3-4% 45% REVENUE BY GEOGRAPHIES AND MARKET GROWTH BY REGION 2016 2017 2018 2019 2020 2021 2022 2015-2016 figures are pro forma; combination of Municipal & Industrial and Oil & Mining segments MARKET ENVIRONMENT WATER TREATMENT Market share OIL & GAS Coagulants Polymers Market share -20% in polymers used in 50% EMEA shale EMEA 25% 25% oil & gas AMERICAS 20% 10% Main peers in Main competitors in coagulants: • Feralco (Europe) • . Kronos (Europe) Chemtrade (NA) USAICO (NA) Kemira OCTOBER 24, 2023 polymers (also in water treatment): ⚫ SNF Solenis Solvay (only O&G) INVESTOR PRESENTATION Market growth* 4-5% *chemical market growth in 2022-2027 ■ 50% Americas <5% APAC Polymers CUSTOMER EXAMPLES MUNICIPAL customer examples Amsterdam Los Angeles Barcelona Montreal New York City Berlin Oslo Toronto Paris Shanghai 5-6% 5-6% Stockholm INDUSTRIAL customer examples BAKER HUGHES a GE company Carlsberg BRENNTAG Orkla FRAC-CHEM UNIVAR HALLIBURTON Note: Revenue by industry, product and geography rounded to the nearest 5% 8#9INVESTOR PRESENTATION Investment highlights Kemira OCTOBER 24, 2023 9 INVESTOR PRESENTATION#10Why invest in Kemira 1. FOCUS ON PROFITABLE SUSTAINABLE GROWTH Operative EBITDA margin 1-9 2023 19.6% 2. RESILIENT BUSINESS MODEL ENABLING AN ATTRACTIVE DIVIDEND Dividend policy: competitive and over- time increasing dividend Dividend for the fiscal year 2022 EUR 0.62 per share Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 3. SUSTAINABILITY AT THE CORE OF STRATEGY Kemira will become the leading provider of sustainable chemical solutions for water-intensive industries 10#11- Global megatrends largely favor Kemira – sustainability becoming a key driver for the long term CHANGING DEMOGRAPHICS GROWING ENVIRONMENTAL AWARENESS Growing middle-class and urbanization Higher use of water and tissue Changing lifestyles with growth in e- commerce Higher use of packaging and board More efficient use of scarce natural resources Chemicals to support circular economy needs Focus on renewable and recyclable materials for our customers Alternatives to fossil fuel- based solutions Tightening environmental regulation Climate change mitigation Increased need for water treatment Increased need for water treatment Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 11#12Healthy market growth for Kemira's relevant markets KEMIRA RELEVANT MARKET EUR billion PULP & PAPER RELEVANT MARKET EUR billion APAC EMEA Americas CAGR: 3-4% 26 30 30 2022 Source: Management estimation based on various sources 2027 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 1-2% 11.6 10.6 2022 2027 Packaging & Tissue Printing & Writing Pulp INDUSTRY & WATER RELEVANT MARKET EUR billion 14.9 4-5% 18.8 2022 2027 Other industrial applications Oil & Gas Water treatment 12#13Good profitability improvement track record REVENUE EUR million EUR +1,433 million Revenue declined due to COVID-19 pandemic 3,570 +6.6% 2,486 2,593 2,659 2,674 2,575 2,373 2,363 2,427 2,137 OPERATIVE EBITDA OPERATIVE EBITDA MARGIN EUR million EUR +319 million 19.6% 572 504 +62.4% 435 17.9% 426 16.0% 410 15.9% 15.4% 303 323 311 287 253 12.8% 12.5% 12.5% 12.1% 11.8% 2014 2015 2016 2017 2018 2019 2020 2021 2022 1-9 2014 2015 2016 2017 2018 2019 2020 2021 2022 1-9 2023 2023 PRE IFRS 16 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 13#14Strengthening the foundation and improving profitability Organic growth / expansion of site Acquisition Operational efficiencies Closure of site / divestment AKD wax manufacturing JV deal closed (CN) Start-up of new AKD wax site (CN) Polymer investment decision, Mobile (US). Ramp-up of of new AKD wax site (CN) Ramp-up of of Botlek polymer facility (NL) Eastover Bleaching extension start-up (US) Joint Venture - Dry polymers (SK) 2020 2019 Chlorate and Completion of coagulant expansion (UK) Completion of dry- polymer capacity in Q2 (South Korea) Completion of emulsion polymer and BIO-AMD expansion in Q2 (US) 20 21 Closure of Pierre Bénite coagulant site (FR) 2022 SimAnalytics advanced process optimization start-up (FI) Strategic review of Oil & Gas business initiated 2023 Agreement to divest the majority of the colorants business Closing of the divestment of most of its colorants business to ChromaScape Start-up of Ortigueira sodium chlorate site (BR) Bradford polymer expansion (UK) San Giorgio polymer expansion (IT) Chevron CEOR deal & Botlek expansion (NL) Operative Start-up of Joutseno chlorate expansion (FI) Major oil sands tailings water treatment deal EBITDA (CA) 2018 2015: 12.1% 2017 2016 'Value over volume' initiated Two segment Transportation structure agreement with operational Odyssey go- live in Europe Odyssey Botlek modernization (NL) BOOST operational excellence program launch Closures of Ottawa (CA) and Zaramillo (ES), coagulants Odyssey go- live in North America Closing of ECOX detergent production (SWE) Move from 'Value over volume' to 'Active price management' Cost savings in Pulp & Paper Divestment of coagulant asset (IT) Divestment of Kemira Operon (water treatment facility operations) (FI) peroxide expansion on-going in Fray Bentos (UY) Goole coagulant expansion (UK) Raw material flexibility: - Coagulants to Magnetite - Bradford AN purification Operative EBITDA Q3 2023: 19.3% Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 14#15We invest in core products globally KEY INVESTMENT FOCUS ON CORE PRODUCT GROUPS SINCE 2016 Bleaching chemicals New chlorate plant in Brazil New chlorate line in the U.S. New chlorate line and peroxide capacity in Finland Freed peroxide capacity from ECOX closure in Sweden Chlorate and peroxide expansion in Uruguay (start 2023) Polymer capacity additions • Italy UK Aberdeen, USA Netherlands South Korea (started 2021) PRODUCTS 15% Other: e.g., defoamers, dispersants, and biocides 15% Sizing* and strength Revenue EUR 3,570 million (2022) Mobile, USA (started 2021) Sizing chemicals - capacity additions due to integration of acquisitions (Akzo Nobel and China AKD wax) Nanjing, ASA sizing agents (start 2023) Coagulants Goole, UK (started 2021) Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 25% Polymers *Sizing = Resistance against water absorption 25% Bleaching and pulping 20% Coagulants Note: Revenue by product rounded to the nearest 5%. 15#16Profitable growth is at the heart of our strategy FASTER-THAN-MARKET GROWTH GROWTH POCKETS NEW OPPORTUNITIES M & A INSIDE EXISTING BUSINESSES STRONG FOUNDATION AND ROBUST EXISTING BUSINESSES Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 16#17We want to grow in water-related applications Growth focus Under strategic review SEGMENT PULP & PAPER Board Customer segment Pulp & Tissue Printing & Writing INDUSTRY & WATER Water treatment Oil & Gas % of total sales* ~25% ~25% -10% -30% -10% Sustainability relevance Capex intensity M&A relevance +++ ++ + ++ + + ++ + +++ + Role in the Kemira portfolio Growth Growth Cash flow Growth Cash flow Growth profile ++ ++ Negative ++ ++ Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION *) Rounded to nearest 5% 17#18Our path towards 500 MEUR renewable solutions revenue target advances via 4 tracks 1. CURRENT PORTFOLIO Boost the sales of commercially available renewable solutions 2. PRODUCT CONVERSION Convert current products to renewable solutions through a change of raw material and feedstock 3. NEW RENEWABLE CHEMISTRIES 4. EXPLORATION Kemira COCTOBER 24, 2023 INVESTOR PRESENTATION New products based on available chemistries Future renewable solutions opportunities through collaborations and exploration 18#19INVESTOR PRESENTATION Kemira as a sustainable investment Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 19#2053% of revenue generated from products that improve customer resource-efficiency PULP & PAPER Kemira's products improve the manufacturing process and enable better resource-efficiency. For example. Our chemistry is helping to improve recycled fiber quality and content, energy and water efficiency in paper mills Case: Lightweight packaging: with our strength chemicals, our customers can make their packaging lighter yet stronger. Lighter weight results in lower logistics cost and thus environmental footprint. INDUSTRY & WATER WATER TREATMENT Municipal and industrial water treatment: Chemical water treatment provides the most compact plant and smallest possible environmental footprint Case: Sludge de-watering: with our chemicals, our customers are able to reduce the water content in sludge. As a result, demand for logistics is lower resulting in better environmental footprint OIL & GAS Shale: Our products reduce friction and improve energy efficiency of shale producers Oil sands tailings: Wastewater treatment of oil sands tailings ponds CEOR: Our products reduce friction and enable a better yield from existing wells Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 20#21We use significant amounts of recycled raw materials 41% of current raw materials from recycled & renewable sources Already up to 70-80% of raw materials from recycled sources in coagulants Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 21#22SUSTAINABILITY WILL BE A KEY DRIVER FOR FUTURE GROWTH Customer behavior is changing with an increased focus on sustainability Pulp & Paper - Customers desire for biodegradable and recyclable products growing need for renewable chemistries Customer product portfolio will evolve when going further into the bioeconomy - totally new uses for fiber Industry & Water Overall sustainability focus driven by consumers Growing market for circular products with high share of recycled content Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION TO SUPPORT OUR CUSTOMERS IN THE SHIFT TOWARDS HIGHER SUSTAINABILITY, WE WILL: Address growing recyclability and biodegradability demand for products Gradually transform our product portfolio to more renewable Reduce the use of fossil-fuel based carbon as raw material TO INCREASE THE SUSTAINABILITY OF OUR OPERATIONS, WE WILL: Increase the share of recycled material in our products 22#23We want to ensure profitable growth BY BECOMING THE LEADING PROVIDER OF SUSTAINABLE CHEMICAL SOLUTIONS FOR WATER-INTENSIVE INDUSTRIES FROM BASELINE REVENUE IN 2019 100 MEUR FROM RENEWABLE SOLUTIONS FROM BASELINE SHARE IN 2019 13%* OF RENEWABLE CARBON OF ALL CARBON CONTAINING RAW MATERIALS TARGET REVENUE IN 2030 >500 MEUR FROM RENEWABLE SOLUTIONS TARGET SHARE IN 2030 40% OF RENEWABLE CARBON OF ALL CARBON CONTAINING RAW MATERIALS *) baseline year figure has been revised slightly upwards due to change in methodology. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 23#24CURRENT PORTFOLIO We already have a significant number of renewable solutions in our portfolio REVENUE SPLIT BY TYPE IN 2022 Does not contain fossil-fuel based carbon Renewable solutions (>50%) Partly renewable solutions RENEWALE SOLUTIONS REVENUE DEVELOPMENT Revenue growth since 2020 coming from existing products, sizing in particular. 2022 revenue growth price-driven. Predominantly Inorganic Fossil-based Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION ~250 ~200 500 ~100 2019 2020 2021 2022 2030 target 24 24#25Strong commitment to sustainability PLATINUM Top 1% 2023 ecovadis Sustainability Rating Kemira Chemical sector average CDP DRIVING SUSTAINABLE ECONOMIES CDP DRIVING SUSTAINABLE ECONOMIES CLIMATE WATER Kemira Chemical sector average ISS ESG‣ SUSTAINALYTICS Kemira Chemical sector average MSCI Kemira Kemira Kemira Chemical sector average sector average Chemical Chemical sector average Five sustainability KPIS SAFETY TRIF* 1.5 by the end of 2025 and 1.1 by the end of 2030 PEOPLE Reach top 10% cross industry norm for Diversity & Inclusion by the end of 2025 WATER Reach Leadership level (A-/A) in water management by the end of 2025 measured by CDP Water Security scoring methodology. CIRCULARITY Reduce waste intensity** by 15% by the end of 2030 from a 2019 baseline of 4.6. Renewable solutions > EUR 500 million revenue by the end of 2030. Renewable solutions revenue in 2022:~ EUR 250 million. CLIMATE Reduce Scope 1 and Scope 2 emissions by 50% by the end of 2030, compared to a 2018 baseline of 930 ktCO2. ** TRIF = total recordable injury frequency per million hours, Kemira + contractors metric tonnes of routine disposed production waste per thousand metric tonnes of production Scope 1: Direct greenhouse gas emissions from Kemira's manufacturing sites, e.g. generation of energy and emissions from manufacturing processes Scope 2: Indirect greenhouse gas emissions from external generation and purchase of electricity, heating, cooling and steam. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 25#26We have committed to the Science Based Targets Initiative (SBTi) Kemira committed to the Science Based Target initiative (SBTi)* in June 2022 ⚫ Commitment to cut 50% of emissions from our own operations and energy use (scope 1 and 2 emissions**) by the end of 2030, compared to a 2018 baseline. This target is in line with limiting global warming to 1.5 C and will be validated by the SBTi. Commitment to develop a quantified near-term scope 3 target within the timeframe set by the Science Based Target initiative framework. Kemira will submit these updated targets to be validated by the SBTI. Ambition to be carbon neutral by 2045 remains intact Science Based Targets initiative (SBTI), a partnership between CDP, the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), drives ambitious climate action by enabling companies to set science-based emissions reduction targets **) Scope 1, 2 and 3 emissions as defined by the Greenhouse Gas Protocol. Scope 1 and 2 cover the emissions related to our own production. Scope 3 includes all other relevant emissions throughout the value chain. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 26#27How we are reducing our emissions SCOPE 1 & 2 EMISSIONS 1,000 TONNES CO₂eq -12% 930 816 152 -50% by 2030 139 461 778 677 2022 2030 target 2018 SCOPE 3 EMISSIONS 1,000 TONNES CO₂eq +6% 3,391 3,609 Quantitative target in preparation SCOPE 1 & 2 EMISSIONS Scope 1: replacing fossil-based fuels at manufacturing facilities Scope 2: energy efficiency improvements sourcing carbon-free energy: nuclear energy from Olkiluoto 3, renewal energy power purchase agreements SCOPE 3 EMISSIONS Purchased goods and services (~90% of scope 3): sourcing of renewable and recycled (e.g. renewable solutions) raw materials Logistics & distribution (>10% of scope 3): fuel efficiency & fuel switching 2018 2022 2030 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION SBTI not yet published sector guidance for the chemical sector 27 27#28Sustainability performance in Q2 2023 Kemira's sustainability work covers economical, environmental and social topics and is guided by the UN Sustainable Development Goals (SDGs). Our focus is on: Clean Water and Sanitation (SDG6) Decent Work and Economic Growth (SDG8) Responsible consumption and production (SDG12) Climate action (SDG13) In May 2023, Kemira achieved a Platinum level rating for the third consecutive year for its sustainability performance by EcoVadis, the global sustainability rating platform. Kemira remains among the top 1% of companies rated worldwide with a score to 80/100 (78/100 in 2022) e.g. due to its progress in sustainable procurement through engagement with suppliers on climate-related issues. In July 2023, Kemira reached the highest level, AAA, in MSCI ESG Ratings. 8 SDG SAFETY KEY FIGURE DECENT WORK AND ECONOMIC GROWTH M TRIF* 1.5 by the end of 2025 and 1.1 by the end of 2030 *TRIF = total recordable injury frequency per million hours, Kemira PEOPLE Reach top 10% cross industry norm for Diversity & Inclusion by the end of 2025 DECENT WORK AND ECONOMIC GROWTH RESPONSIBLE 12 CONSUMPTION AND PRODUCTION contractors CIRCULARITY Reduce waste intensity** by 15% by the end of 2030 from a 2019 baseline of 4.6 1/2 UNIT 2022 2.6 Slightly below top 25% Renewable solutions > EUR 500 million revenue by the end of 2030 kg/tonnes of production 4.4 6 CLEAN WATER AND SANITATION WATER Reach Leadership level (A-/A) in water management by the end of 2025 measured by CDP Water Security scoring methodology Rate scale A-D B 13 CLIMATE ACTION CLIMATE Scope 1&2*** emissions -50% by the end of 2030 compared to 2018 baseline of 930 ktCO2e ktCO2e 816 **kilograms of disposed production waste per metric tonnes of production) ***Scope 1: Direct greenhouse gas emissions from Kemira's manufacturing sites, e.g. generation of energy and emissions from manufacturing processes Scope 2: Indirect greenhouse gas emissions from external generation and purchase of electricity, heating, cooling and steam Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 28#29Sustainability performance in Q3 2023 8 DECENT WORK AND ECONOMIC GROWTH SAFETY 2/2 TRIF* in January-September 2023 improved to 2.4 (1-9/2022: 2.9). Q3 2023 TRIF was 1.7, the best quarterly performance in 2023. Kemira continues its systematic work to improve 2023 safety performance toward the 2023 TRIF target of 1.9. 8 DECENT WORK AND ECONOMIC GROWTH M RESPONSIBLE CONSUMPTION AND PRODUCTION GO CLEAN WATER 6 AND SANITATION 13 CLIMATE ACTION PEOPLE Kemira's target is to reach the top 10% cross industry benchmark for Diversity & Inclusion by the end of 2025. In May 2023, the Inclusion index improved 1 point from Oct 2022. In Q3 2023, we completed Diversity, Equity, and inclusion (DEI) training for people managers reaching 50% of all people managers. We also held DEI workshops in 12 manufacturing sites for employees, which will continue in Q4 2023 and in 2024. Kemira's employee resource groups also continued to be active, and a new mentoring program "WeMentor" was designed in the Women's Network and will be piloted during the coming months. CIRCULARITY Disposed production waste intensity** in H1 2023 was 4.3 (metric tons of waste per thousand metric tons of production; 4.4 in 2022) indicating progress towards the 2030 target of 3.9 (15% reduction from the 2019 baseline of 4.6). In addition, Kemira continued to progress its renewable solutions strategy. During Q3 2023, Kemira was particularly successful in rolling out its biomass-balanced polymer offering in the EMEA region. WATER Kemira's goal to continuously decrease freshwater use intensity was supported by a decrease in freshwater use intensity (m3/metric tons of production) to 1.1 in H1 2023 (2022: 1.2). This was due to the lower share of water-intensive products and process efficiency improvements across the company. During Q3 2023, Kemira also submitted its response to the CDP Water Security questionnaire with results expected in January 2024. CLIMATE The Q3 2023 data for Kemira's Scope 1 and Scope 2*** emissions will be available on Kemira's website kemira.com/investors in November. Kemira's Scope 1 and 2 emissions in H1 2023 were in line with Kemira's SBTi commitment. Scope 1 and 2 emissions are expected to decrease in 2023 due to decarbonization efforts in the energy supplied to Kemira's sites, and implementation of energy efficiency programs to reduce consumption. In addition, Kemira has improved its CO2e emissions intensity (t CO2e/t product) following changes in product mix. Kemira also submitted its response to the CDP Climate Change questionnaire during Q3 2023 with results expected in January 2024. *TRIF = total recordable injury frequency per million hours, Kemira + contractors Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION **kilograms of disposed production waste per metric tonnes of production) ***Scope 1: Direct greenhouse gas emissions from Kemira's manufacturing sites, e.g. generation of energy and emissions from manufacturing processes Scope 2: Indirect greenhouse gas emissions from external generation and purchase of electricity, heating, cooling and steam 29#30INVESTOR PRESENTATION Pulp & Paper Driving growth as market leader Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 30#31Pulp & Paper chemicals market estimated to grow 1-2% REVENUE AND OPERATIVE EBITDA EUR million • 2,200 2,000 1,800 260 245 1,600 218 195 198 192 1,400 1,200 1,000 1,457 1,477 1,520 1,523 1,560 1,458 800 600 2016 2017 2018 2019 2020 2021 REVENUE BY CUSTOMER TYPE 40% Pulp 348 2,028 2022 20% Printing & 40% writing papers Board & tissue Market growth 1% 2% -1-2% • Pulp & Paper chemicals market drivers - - Hardwood and softwood pulp demand increasing driven by growth of packaging needs (e-commerce, non-plastic solutions), growing tissue demand and lack of recycled fiber Demand increase continues for packaging, driven by online shopping, last-mile delivery, product safety and non-plastic solutions Growth in tissue demand driven by increasing wealth in emerging countries Ongoing digitalization of media drives decline of graphic paper demand Growth areas, pulp and board & tissue, represent over 80% of our Pulp & Paper revenue - Ongoing capacity additions suit well for the need of growing demand Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 31 31#32Pulp & Paper TECHNOLOGY AND MARKET LEADER RAW MATERIALS INTERMEDIATES Electricity Tall oil rosin Sodium chloride (salt) AKD Wax Crude tall oil Cationic monomer Acrylonitrile Acrylic acid Isomerized olefins Acrylamide Polymers Defoamers control Coagulants PRODUCTS Sodium chlorate Hydrogen peroxide APPLICATIONS Pulping Bleaching Retention Wet-end process CUSTOMER INDUSTRIES Pulp Packaging and board Printing and writing Tissue CUSTOMERS All the major global paper and pulp producers WQQM Biocides Sizing Sizing Olefins Fatty acids Strength Additives Strength Maleic anhydride Sulfur Surface additives Colorants Surface treatment Coloring Sulfuric acid Value chain part covered by Kemira Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION MAIN COMPETITORS: Solenis, Nouryon, Ecolab, Kurita, SNF 32#33We have a strong position particularly in EMEA PULP PACKAGING & TISSUE PRINTING & WRITING EMEA Market position #1/2 #1/2 #1/2 North America Market position #3/4 #3 #2/3 APAC Market position n.a. #1/2 #1/2 South America Market position Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION #2 #2/3 #2/3 Source: Kemira estimates 33 33#34• WOOD FIBER IS THE RAW MATERIAL OF THE FUTURE Kemira Excellent sustainable raw material: renewable, reusable and recyclable Fiber use is growing due to existing applications as well as new applications Industry is innovating to find new uses for wood-based fiber, e.g. in textile fibers Kemira to benefit from growth in fiber use across the value chain TOBY 2027 INVESTORESENTATION#35Pulp and packaging markets are growing driven by sustainability trends PULP & BLEACHING MARKET BOARD AND TISSUE MARKET Demand for virgin fiber increasing due to decline in availability of recycled fiber and growing uses of fiber New pulp capacity expected in Asia-Pacific, South America and Northern Europe Packaging market growth drivers: APAC, online retail and move away from plastic packaging Tissue market growth drivers: population growth and rising income levels ~1-2% expected market growth #2 Kemira market position KEMIRA FOCUS Focus on selective pulp investments that support sustainable pulp production for packaging, tissue and future fiber applications ~2-3% #2 expected Kemira market market growth position Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION KEMIRA FOCUS Maintain a synergistic portfolio with focus on operational excellence and cost competitiveness 35#36Our completed and upcoming capacity expansions will support growth POLYMERS IN SOUTH KOREA Joint venture with Yongsan Chemicals, Kemira a minority shareholder Polymer investment in a growing market; efficiency improvement from backward-integration Premium dry polymer products, will strengthen competitive position in APAC and reduce Kemira's risk profile Completed 2021, ramp-up ongoing EQUITY INVESTMENT EUR 5 MILLION BLEACHING EXPANSION IN URUGUAY Expansion of both sodium chlorate and hydrogen peroxide at Kemira's existing Fray Bentos chemical island site Multi-year agreement with UPM- Kymmene includes bleaching capacity to existing Fray Bentos mill as well as new mill in Paso de los Toros Financial contribution expected as of 2023 INVESTMENT AROUND EUR 30 MILLION NEW PRODUCTION LINE OF ASA IN CHINA Production of ASA sizing agent in Nanjing Investment will expand Kemira's ASA production capacity substantially Kemira is already the leading producer and supplier of ASA globally To be completed in 2023 INVESTMENT AROUND EUR 10 MILLION Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 36#37We are looking to transform our portfolio more towards renewable solutions CUSTOMERS SEEKING ADDED VALUE FROM SUSTAINABILITY AND BIOMATERIALS Maximizing biocontent in end-products to differentiate from plastic applications -> recyclability of products key Pulp & Paper companies making increasing investments to renew and broaden wood- based end-product portfolio Many Pulp & Paper customers announcing ambitious sustainability targets related to CO₂ emission reduction and more efficient water usage WE WILL BECOME THE LEADING PROVIDER OF SUSTAINABLE CHEMICAL SOLUTIONS FOR WATER- INTENSIVE INDUSTRIES . . Kemira's aim is to improve customer resource efficiency, particularly in pulp and packaging 13% of all carbon containing raw materials used in Kemira is already renewable Ambition to create a green portfolio in the long term Key product lines strength, sizing and barriers as well as retention chemicals Kemira's current renewable solutions: e.g. sizing agents, such as Sunflower ASA and AKD wax, and rosin Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 37 37#38NEW GROWTH OPPORTUNITIES Barrier market projected to grow by 5% p.a. to 2028 MARKET DRIVERS Consumer preference for sustainable solutions. Transition towards phasing out plastic for food and consumption packages BARRIER MARKET EXPECTED GROW IN COMING YEARS (EUR BILLION) CAGR* KEMIRA HAS A STRONG POSITION Kemira's first generation, partly renewable, barrier, commercialized; second generation renewable solution being rolled out Work ongoing with Danimer Scientific to introduce new fully renewable barrier coatings that are based on PHA* 5% 9 0.7 BN 7 Kemira relevant barrier market in 2022 2022 2028 *CAGR, compound annual growth rate Relevant market Barrier coating applications Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION *) Polyhydroxyalkanoate#39NEW GROWTH OPPORTUNITIES The wood-fiber textile market projected to reach EUR 10 billion by 2030 EUR 6 BILLION Currently EUR 10 BILLION 2030 Estimated textile fiber market size TEXTILE MARKET IN TRANSFORMATION Demand for novel sustainable fiber solutions in textiles is high in order to replace cotton and synthetic fibers More than 96% of global EUR 200 billion textile fiber market is considered non-sustainable KEMIRA IS A FIRST MOVER A competitive chemical and service portfolio to help fiber producers to scale up their technologies and to transform the textile fiber market Chemicals key to improve the durability of wood-based fibers Initiatives ongoing with several fiber-based textile companies Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 39#40NEW GROWTH OPPORTUNITIES Services offering is a valuable differentiator . Aim to create a significant digital services business, 2022 revenue was around EUR 5 million New dedicated service organization established to accelerate growth in services Commitment to invest in expanding and commercializing service offering further KEMIRA'S SERVICE OFFERING Complementary services Process optimization Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION Predictive services COLLABORATION WITH SIMANALYTICS Kemira acquired a stake in SimAnalytics, a Finnish start-up, in summer 2021. Kemira's predictive services utilize SimAnalytics' Harmonizer tool. METSÄ BOARD KEMI Customer benefits with Kemira's services: Improved quality Energy Efficiency Improved chemical Efficiency 10 40#41Maintaining profitability while increasing focus on new growth opportunities FURTHER PROFITABILITY IMPROVEMENT ON-GOING • Continue to mitigate impact from inflationary pressures with disciplined price and cost management Continued complexity reduction Capitalize on new facility in South Korea Continuous performance and cost-structure enhancement, particularly in Process & Functional chemicals Capitalize on new investment Uruguay once completed PROFITABILITY & CASH FLOW Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION PRIORITIZED GROWTH ACTIONS . • Capitalize on growth opportunities in pulp and packaging Increasingly looking at new growth areas, such as barriers and textiles GROWTH 41#42DOMETIC We are competitively positioned in the growing fiber- based applications Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 100 YEARS OF EXPERTISE IN FIBER WATER CHEMISTRY BROADEST PULP & PAPER CHEMICAL PRODUCT PORTFOLIO IN THE WORLD LONG ESTABLISHED CUSTOMER RELATIONSHIPS BROAD CAPABILITIES TO SERVE CUSTOMERS ACROSS THE GLOBE 42#43INVESTOR PRESENTATION Industry & Water Stronger platform for profitable growth Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 43 333#44Industry & Water relevant chemicals market estimated to grow 4-5% REVENUE AND OPERATIVE EBITDA EUR million 1,600 224 1,400 192 175 181 1,200 1,000 131 107 114 800 1,542 600 906 1,009 1,073 1,136 1,115 970 400 200 0 2016 2017 2018 2019 2020 2021 2015-2016 figures are pro forma; combination of Municipal & Industrial and Oil & Mining segments REVENUE BY APPLICATION 70% Water treatment Market 4-5% growth 2022 • 20% Oil & Gas 10% Other • 7-8% 3-4% Demand for water treatment chemicals expected to increase due to - - Higher demand for water driven by industrial growth and population growth More stringent discharge limits for waste water Better dewatering of sludge Phosphorus recovery Water reuse Higher demand for Oil & Gas solutions expected Shale friction reducer market expected to grow due to higher energy demand - Oil sands operators face regulatory requirements for their tailings treatment Chemical Enhanced Oil Recovery lucrative in certain fields due to better yield from existing reservoirs Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 44#45Industry & Water TECHNOLOGY AND MARKET LEADER IN WATER TREATMENT AS WELL AS IN NICHE APPLICATIONS IN OIL & GAS RAW MATERIALS Acrylonitrile Acrylic acid Sulfuric acid Hydrochloric acid INTERMEDIATES Acrylamide Cationic monomer PRODUCTS Polymers (EPAM, DPAM) Al Coagulants Fe Coagulants Dispersants & antiscalants Biocides Aluminium hydrate Iron ore Pickling liquor Emulsifiers Copperas Defoamers Various monomers Formulations APPLICATIONS Raw water & waste water treatment Sludge treatment Friction reduction Enhanced oil recovery Tailings treatment Mining processes SALES CHANNELS CUSTOMERS Direct sales Distributor/reseller Service companies Municipalities Private operators Industrial customers Pumpers Oil & Gas operators Service companies Mine operators Value chain part covered by Kemira MAIN COMPETITORS Coagulants: mainly local small companies, Feralco, USALCO, Kronos, PVS, Polymers: SNF, Solvay, Ecolab, Solenis Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 45#46We have strong positions particularly in EMEA water treatment EMEA MARKET POSITION MARKET OUTLOOK Water treatment1,2) #1 7 NORTH AMERICA Water treatment¹) #2 7 APAC Water treatment²) Top 10 7 OIL & GAS CEOR²) Shale²) Oil Sands Tailings²) Top 5 7 #2 71 #1 7 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION ZZZZZ I&W main product lines 1) Coagulants 2) Polymers 46#47We are a key enabler for reliable and efficient water treatment & hydrocarbon production . WATER TREATMENT Compliance with increasing regulations in wastewater and drinking water treatment quality • Energy intensity reduction in water treatment processes Energy yield increase in biogas production · • OIL & GAS ⚫ CO₂ footprint reduction in hydrocarbon production 2 • Energy security and independence • Fresh water consumption reduction in hydrocarbon production Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION#48Trends in water treatment provide solid opportunities for sustainable growth Relevant water treatment products & solutions market EUR billion Relevant market trend and expected growth CAGR 4-5% 8-9% 14.6 Energy efficiency in water treatment processes 6-7% 10.2 9.3 Accelerated 5-6% Growth 5.9 Focus Phosphorous recovery and reuse regulations and geopolitical independence 5-6% Micropollutants removal 5-6% APAC water treatment standards Kemira's current 2-3% 5.3 main 4.3 markets 2-3% Continuously tightening water treatment regulations and standards 2022 2030 CAGR Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 48#49We are accelerating our investments in water Relevant market trend and expected growth 8-9% 6-7% Energy efficiency in water treatment processes Phosphorous recovery and reuse regulations and geopolitical independence 5-6% Micropollutants removal 5-6% APAC water treatment standards I&W strategic growth road map in execution Building a digital platform through selective expansions and acquisitions "Deploying our strong customer base to scale up digital and advanced technologies" Innovations and cooperations "Leveraging our expertise in nutrients removal for co- innovations, ViviMag" acquisitions access through partnerships and "Expanding product offerings to our strong customer base" Local production for local applications "Building on our brand leading position in APAC" Accelerated growth investments Acquisitions & Innovation Organic expansions 2-3% Continuously tightening water treatment regulations and standards Selective expansions and acquisitions "Expanding our market leading position" Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 49#50Water treatment customers focus increasingly on sustainability • Consumers increasingly aware of sustainability issues Water treatment customers increasingly focused on reducing CO2 footprint Kemira survey shows customers are willing to pay a premium for renewable solutions Micropollutant removal and disinfection leading themes currently in sustainable water management Growing market for sustainable and circular products. Also renewable solutions growing in importance. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 50#51Kemira's six actions for cleaner waters IN EMEA 1. The requirements of the Urban Wastewater Treatment Directive (UWWTD) must be implemented fully and equally in all member states. 2. Emission limit values (especially phosphorus) in water discharges should be tightened. 3. Digitalization can improve both the quality of monitoring and the cost efficiency of water treatment. 4. Emerging pollutants need to be included in the legislation. 5. Pollution from storm-water overflows must be limited and discharges safely disinfected. 6. Clearer guidance is needed on applying innovation and sustainability criteria in public procurement for water treatment. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 51#52Regulation continues to support growth in European water treatment market Regulation under update 600 400 Urban Wastewater Treatment Directive (UWWT)* Water Framework Directive (WFD) Comments & Implications Basis for wastewater treatment business in Europe Target to better enforce existing legislation in all countries Other potential improvement areas: energy efficiency and micropollutants control Revised directive will increase use of coagulants and polymers in non-compliant countries New regulation expected to be fully operational in late 2025 Regulation evaluated to be fit for purpose and won't be opened for changes Drinking Water Directive (DWD) Water Reuse regulation . Only minor changes with small impact: New tighter limits for Lead and Chromium in drinking water New regulation is expected to be fully operational in 2025 New EU wide regulation (no additional national implementation required) defining minimum quality standards for water reuse in agriculture The regulation does not incentivize increased water reuse, however clear quality standards are hoped to boost water reuse Estimated to increase water treatment chemical demand by ~40 MEUR / p.a. in the long term Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION * most relevant for Kemira 52#53Strategic review of the Oil & Gas business • initiated • An evaluation of the strategic options for the Oil & Gas business initiated, including a potential sale of the business Rationale behind strategic review: Kemira has expressed a desire to grow in water-related applications. The Oil & Gas business has seen strong organic growth as well as profitability improvement in recent years. Kemira will update on the progress in due course. No timetable to communicate at this point. Kemina OCTOBER 24, 2023 INVESTOR PRESENTATION 53#54Oil & Gas market expected to grow REVENUE IN OIL & GAS EUR million 400 350 300 250 200 150 100 50 וה 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 REVENUE SPLIT 2022 15% Other 40% Oil sands and Chemical Enhanced Oil Recovery Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 45% Shale fracking Figures rounded to closest 5% • · - - Long-term market growth opportunities with Kemira's selective market diversification Kemira's offering Process efficiencies: polymers that reduce energy consumption by up to 60% in shale oil fields Cost reduction: higher concentrated liquids that make offshore oil recovery more cost effective (CEOR) Addressing environmental regulations: tailings treatment in oil sands New innovative technologies driving expansion 49 54#55Our products are essential in mitigating environmental impact and reducing cost in Oil & Gas energy production Tailings Water Treatment in Oil Sands CO2 Enabling the restoration of natural landscape after oil sands operations CEOR (Chemically Enhanced Oil Recovery) Shale Oil & Gas CO2 footprint in mature fields 50-60% lower vs. alternative unconventional methods CO2 footprint reduction by 40-70% per barrel compared to non-polymer products Reduced water needs by 70-80% per barrel compared to steam or water floods Fresh water reduction of up to 100%, and less produced water to dispose of OCTOBER 24, 22VESTOR PRESENTATION#56Accelerating sustainable growth in water BUSINESS FUNDAMENTALS FURTHER PROFITABILITY IMPROVEMENT PRIORITIZED GROWTH AREAS • Mitigating inflationary pressures with disciplined price and cost management • Continued optimization of business Oil & Gas profitability . Actions ongoing to improve profitability Capitalize on new asset in Mobile, USA PROFITABILITY & CASH FLOW Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION . Implement growth investment strategy in water through M&A: • Micropollutants . Digital Solutions • Local production in APAC GROWTH 56#57INVESTOR PRESENTATION Latest news and financials Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 57 44#58Jari Rosendal in Memoriam Kemira's long-serving President & CEO Jari Rosendal passed away unexpectedly after a short illness on July 31, 2023 Jari served as Kemira's President & CEO since 2014 Jari's legacy will remain with Kemira. Under his leadership, Kemira's profitability improved significantly, and the strategic focus shifted towards sustainable profitable growth. Jari's main focus was always the safety and wellbeing of employees, and he will be greatly missed. Remire#59Summary of Q3 2023 • • Resilience of business model demonstrated by another strong quarter Excellent profitability development: Margin at the strong level of 19.3%, sequential improvement from Q2 2023 Revenue declined following lower sales volumes in Pulp & Paper. Operative EBITDA improved y/y and sequentially. Record quarter in Industry & Water in terms of absolute operative EBITDA and margin Net promoter score (NPS) improved further to 54 (2022: 53) Strategic review of the Oil & Gas business ongoing Second dividend installment of EUR 0.31 to be paid on November 2, 2023 2023 outlook upgraded on October 10, 2023 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 59#60Financial highlights of Q3 2023 • Revenue declined from high comparison period • Decline driven by lower sales volumes and lower sales prices for energy-intensive pulp and bleaching chemicals Organic revenue growth -9% in Q3 2023; Revenue EUR million (except ratios) Q3 Q3 A% 2023 2022 1-9 1-9 2023 2022 A% FY 2022 828.7 Operative EBITDA 160.3 152.5 +5% 971.9 -15% 2,574.8 2,601.3 504.0 394.6 +28% 571.6 -1% 3,569.6 +2% in 1-9 2023 of which margin 19.3% 15.7% 19.6% 15.2% 16.0% • Sequential volume improvement in both segments Operative EBIT 107.6 99.5 +8% 350.4 238.1 +47% 361.6 Strong operative EBITDA in Q3 2023 of which margin 13.0% 10.2% - 13.6% 9.2% 10.1% Operative EBITDA margin at the strong level of Net profit 19.3%, both y/y and sequential improvement 75.2 60.3 +25% 238.4 149.4 +60% 239.7 EPS diluted, EUR 0.46 0.38 +23% 1.48 0.93 +59% 1.50 Record margin in Industry & Water, solid performance in Pulp & Paper despite weak market Very strong cash flow from operations Earnings per share EUR 0.46 in Q3 2023; EUR 1.48 in 1-9 2023 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION Cash flow from operating activities 173.1 114.8 +51% 412.7 145.4 +183% 400.3 60 00#61Pulp & Paper: Early signs of market bottoming Market environment in Q3 2023 . Market remained weak at Q2 2023 levels due to weak economic activity and inventory destocking. Market weak particularly in EMEA. REVENUE AND ORGANIC REVENUE GROWTH (Y-ON-Y) EUR million 537 556 488 505 420 447 370 378 391 421 404 2% 9% 11% 11% 17% 22% 29% 28% 12% -10% -19% · Early signs that market has reached the bottom, no meaningful recovery in sight yet Organic growth Q3 2023: -19%; 1-9 2023: -7% • • Sales volumes declined following weak market volumes, sequentially volumes increased modestly Market prices for energy-intensive pulp and bleaching chemicals declined following normalization of electricity prices Operative EBITDA EUR 68.9 million • Operative EBITDA margin rather stable at 17.1% with sequential improvement -excellent achievement in a challenging market environment Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 Q4 Q1 Q2 Q3 2023 OPERATIVE EBITDA AND OPERATIVE EBITDA-% EUR million 110.9 109.4 92.3 21.7% 73.6 62.9 63.5 71.3 19.9% 65.2 68.9 57.8 60.5 17.0% 17.2% 17.1% 16.2% 16.0% 15.3% 14.4% 15.1% 15.5% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 61#62Industry & Water: Record-high operative EBITDA Market environment in Q3 2023 REVENUE AND ORGANIC REVENUE GROWTH (Y-ON-Y) EUR million 435 • Water treatment: solid demand in municipal water treatment, softness in industrial demand 374 322 301 298 279 237 IIIIII 412 402 419 425 Solid Oil & Gas market, shale market consolidation continuing Organic growth Q3 2023: +3%; 1-9 2023: +13% • • Organic growth driven by Oil & Gas. Revenue in water treatment decreased by 5%, in Oil & Gas increased by +4% Sales prices increased, while sales volumes were stable. Sales volumes increased in Oil & Gas following successful product launches; water treatment sales volumes declined. Record-high operative EBITDA: EUR 91.5 million . • Operative EBITDA margin improved to 21.5% following strong performance in water treatment Continued year-on-year margin improvement in the Oil & Gas business Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 24% 14% 3% -7% 28% 23% 23% 31% 26% 33% 32% Q1 Q2 2021 2022 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 OPERATIVE EBITDA AND OPERATIVE EBITDA-% EUR million 91.5 83.3 85.8 66.1 60.3 49.5 52.3 41.7 17.6% 17.7% 17.4% 48.8 48.5 37.3 12.5% 20.7% 20.5% 21.5% 15.2% 13.0% 13.9% 16.1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 2022 Q1 Q2 Q3 2023 62#63We have three strategic priorities EXPAND IN WATER Significantly grow our water business by expanding to additional technologies and/or geographies both organically and inorganically BUILD A LEADING RENEWABLE SOLUTIONS PORTFOLIO* Enable sustainability transformation in our existing markets and leverage our capabilities in new circularity- driven markets CREATE A SIGNIFICANT DIGITAL SERVICES BUSINESS Strengthen our value add for existing and new customers by continuing to build and scale digital services Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION *Previously called biobased strategy. Biobased is the most common and readily available renewable feedstock, but other renewable feedstocks like recycling-based or carbon dioxide- based are also becoming available at scale in the market in the future. 63#64Our renewable solutions strategy* is progressing BIOMASS-BALANCED POLYMERS GAINING TRACTION . Kemira introduced biomass-balanced polymers in early 2022 with first commercial customer shipments in Finland in 2022 Aim to offer a sustainable solution for water treatment and paper & board customers where the majority of fossil based raw materials have been BIOMASS-BALANCED POLYMER REVENUE GROWING STRONGLY -ALBEIT FROM A LOW BASE replaced by ISCC PLUS certified biobased u feedstocks Strong customer momentum in 2023: Growing sustainability focus at municipal water treatment facilities Kemira delivering currently to around 20 customers, such as to the City of Barcelona First customers shipments outside the Nordics during 2023 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION January February March April May June July August September 2022 2023 *Previously called biobased strategy. Biobased is the most common and readily available renewable feedstock, but other renewable feedstocks like recycling-based or carbon dioxide-based are also becoming available at scale in the market in the future. 64#65Financials Q3 2023 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 65#66Strong margin performance Q3/2023 REVENUE AND ORGANIC GROWTH (Y-ON-Y) EUR million 972 -7% -2% 829 -4% -2% Q3 2022 Sales volumes Sales prices Currency Others Q3 2023 impact OPERATIVE EBITDA BRIDGE EUR million Organic revenue growth -9% in Q3 2023; +2% in 1-9 2023 Sales volumes declined following decline in Pulp & Paper. Industry & Water sales volumes stable. Sales prices decreased due to energy-intensive pulp and bleaching chemicals, excluding their impact sales prices. increased Organic revenue growth excluding the Oil & Gas business -12% in Q3 2023 Operative EBITDA EUR 160 million Operative EBITDA margin improved year-on-year to 19.3%; also sequential improvement from Q2 2023 (18.0%) Strong improvement in I&W performance driven by water treatment, margin rather stable in P&P despite weak market environment -10 153 -31 88 -24 Q3 2022 Kemira Sales volumes OCTOBER 24, 2023 -8 -6 160 Sales prices Variable costs Fixed costs Currency impact Others Q3 2023 INVESTOR PRESENTATION 66#67Variable costs continued to decline SALES PRICE VS VARIABLE COST TREND (ROLLING 12-MONTH CHANGE Y-O-Y) EUR million SALES PRICES AND VARIABLE COSTS (CHANGE Y-O-Y) EUR million 960 900 840 780 720 660 600 540 480 420 360 300 240 180 120 60 0 -60 -120 -180 2008200920102011201220132014201520162017201820192020202120222023 Brent oil, USD Sales prices -Variable costs Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 269 256 188 197 129174 152 138 14 99 122 59 68 64 36 70 75 66 16 47 42 37 34 13 26 28 32 28 2 25 28 16 16 15 छ 95 13 38 4338 18 -23-10 2336 291 Ο 98-226 -123-16-20-101-2 -2 23 19 14 -5-13-14 29412 -4 -25-20 -14-13 -32-29 -31-24-27 -16 24 -88 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 2018 2019 2020 2021 2022 2023 Net impact on EBITDA (sales prices-variable costs) Sales prices -Variable costs 40 67#68Significant delevering of balance sheet NET DEBT (EUR million) AND LEVERAGE RATIO* 850 759 906 771 566 1.7 2.0 1.3 1.8 0.8 Dec 31 2020 Dec 31 2021 Dec 31 September 30 September 30 2022 2022 * Leverage ratio = Net debt / last 12 months operative EBITDA 2023 • • • Balance sheet further strengthened during the quarter: gearing 34% (54% in Q3 2022) - well below financial target range of below 75% Net debt / EBITDA 0.8 - below 1.0 for the first time Average interest rate of net debt excluding leases 2.8% (1.7%) and duration 18 (21) months NET WORKING CAPITAL DEVELOPMENT 407 254 292 288 287 408 468 467 491 474 362 434 269 281 324 352 410 382 422 384 348 347 368 393 402 440 500 542 596 533 494 473 487 -383 -382 -438 -505 -501 -565 -603-604 -506 -474 -486 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Net working capital continued to improve. Inventories declined following lower variable costs and lower sales volumes. Operative ROCE improved further to 21.6% (Q3 2022 13.0%) Inventories Receivables Payables Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 68#69Record-strong Q3 cash flow ALL KEY FIGURES IN EUR MILLION CASH FLOW FROM OPERATIONS 386 400 • 413 375 Q4 143 146 255 173 220 Q3 121 117 81 145 143 Q2 57 61 87 115 115 Q1 65 50 38 14 97 42 42 -11 -11 2019 2020 2021 2022 1-9 2022 1-9 2023 CAPITAL EXPENDITURE EXCL. ACQUISITIONS Record-strong Q3 cash flow from operations following lower net working capital and higher net profit for the period . - Capex excluding acquisitions EUR 54 million in Q3 2023 Capex excl. acquisitions estimated to increase slightly in 2023 (2022: EUR 198 million): Largest expansion capex projects: bleaching capacity expansion in Uruguay and ASA capacity expansion in China Uruguay expansion ramping up • 8% 8% 6% 6% 4% 5% 201 196 198 169 43 98 78 26 132 108 58 50 26 44 23 39 40 30 93 97 65 73 - 54 66 2019 2020 2021 2022 1-9 2022 1-9 2023 Expansion Improvement Maintenance Percentage of revenue INVESTOR PRESENTATION Kemira OCTOBER 24, 2023 69#70Factors to watch in 2024 FACTORS EXPECTED TO IMPACT OPERATIVE EBITDA DEVELOPMENT IN 2024 + SUPPORTING • Relatively good visibility in • water treatment Customer retention typically high in Pulp & Paper Contribution from bleaching. investment in Uruguay Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION UNCERTAINTIES Timing of market recovery in Pulp & Paper unclear . Global economic uncertainty, . and geopolitical risks Variable cost development Magnitude of competitive advantage from energy independence dependent on energy prices FX NEGATIVE FACTORS Fixed cost pressure following inflation 70#71Outlook for 2023 (upgraded on October 10, 2023) OUTLOOK REVENUE Kemira's revenue is expected to be between EUR 3,200 and EUR 3,700 million (2022: EUR 3,569.6 million). OPERATIVE EBITDA Kemira's operative EBITDA is expected to be between EUR 620 and EUR 680 million in 2023 (2022: EUR 571.6 million). • • ASSUMPTIONS FOR 2023 (UNCHANGED) Kemira's end-market demand (in volumes) is expected to decline. Demand is expected to be resilient in water treatment, while demand in the pulp and paper market is expected to be weak following economic slowdown and continued destocking in the customer value chain. Demand in the oil & gas market is expected to grow. Variable costs overall are expected to decline, while electricity prices are expected to remain above long-term average in Europe. Market prices for caustic soda are expected to moderate during 2023. The outlook assumes no major disruptions to Kemira's manufacturing operations, supply chain, or Kemira's energy-generating assets in Finland. Foreign exchange rates are expected to remain at approximately current levels The outlook is based on Kemira's current portfolio, including the Oil & Gas business Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 71#72Kemira's cost structure and top raw materials DIRECT PURCHASES AND LOGISTICS COSTS 2022 EUR 2.4 billion 15% Logistics 10% Electricity & energy EXPOSURE TO OIL RELATED RAW MATERIALS 70% Not oil related 30% 70% Raw materials Figures rounded to nearest 5% Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION TOP 12 RAW MATERIALS BY SPEND (around 50% of total raw material spend) Sodium hydroxide (caustic soda)* 1. Oil & gas 2. Acrylonitrile (OD) related 3. Petroleum solvents (OD) 4. Amines (OD) 5. Acrylic Acid (OD) 6. Fatty acid 7. Aluminium Hydrate 8. Alpha olefin (OD) 9. Colloidal silica dispersion* 10. Liquid Chlorine 11. Sulphur 12. Acrylic ester (OD) OD = Oil & gas derivative * Mainly trading materials 72 22#73Kemira has a diversified financing base 15% Leases 151 million GROSS DEBT END OF SEPTEMBER 2023 EUR 970 MILLION, MATURITY PROFILE EXCLUDING LEASES 12% Other EUR 113 million 450 41% 400 400 Bond 350 EUR 400 million 300 250 222 193 200 150 100 75 50 16 0 2023 2024 2025 2026 32% Loans from banks and financial institutions EUR 313 million Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION ■Bilaterals Bonds Others Undrawn RCF 120 200 2027 2028 73 13#74Majority of contracts with fixed annual pricing Pulp & Paper - Contract types and pricing terms* Length - Around 95% of contracts are 1-year or longer / only 5% are spot deals • Pricing Around 65% fixed / 35% formula or spot pricing Industry & Water - Contract types and pricing terms* • Length - Around 70% of contracts are 1-yr or longer / 30% spot deals Pricing - Around 70% fixed (particularly in municipal) / 30% formula or spot pricing, incl. Oil & Gas where contracts are either formula or spot based *contract length does not necessarily correlate with fixed pricing. Kemira has a number of multi-year contracts that are based on formula pricing. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 74 4#75Revenue has a seasonal pattern GROUP REVENUE DEVELOPMENT 1,000 900 800 690 700 610 617 622 637 648 670 662 648 664 658 642 614 600 0 COVID-19 impact 606 583 597 606 972 968 906 861 840 829 768 718 693 658 Q1/17Q2/17Q3/17Q4/17Q1/18Q2/18Q3/18Q4/18Q1/19Q2/19Q3/19Q4/19Q1/2002/2003/2004/20Q1/21Q2/21Q3/21Q4/21Q1/22Q2/22Q3/22Q4/22Q1/23Q2/23Q3/23 PULP & PAPER REVENUE DEVELOPMENT 600 500 400 372 369 363 373 369 376 385 390 381 373 383 386 379 0 357 352 556 537 488 505 447 420 421 370 370 378 391 404 Q1/17Q2/17Q3/17Q4/17Q1/18Q2/18Q3/18Q4/18Q1/19Q2/19Q3/19Q4/19Q1/2002/2003/2004/20Q1/21Q2/21Q3/21Q4/21Q1/22Q2/22Q3/22Q4/22Q1/23Q2/23Q3/23 INDUSTRY & WATER REVENUE DEVELOPMENT 500 435 400 412 402 419 425 374 300 238 248 259 264 272 284 245 271 267 290 307 322 272 264 301 298 279 226 244 236 237 0 Q1/17Q2/17Q3/17Q4/17Q1/18Q2/18Q3/18Q4/18Q1/19Q2/19Q3/19Q4/19Q1/20Q2/20Q3/20Q4/20Q1/21Q2/21Q3/21Q4/21Q1/22Q2/22Q3/22Q4/22Q1/23Q2/23Q3/23 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION . Revenue typically Q2 and Q3 weighted 2020 exception due to COVID-19 pandemic Revenue typically Q4 weighted Q2 and Q3 typically strongest revenue quarters Oil & Gas activity highest during summer Water treatment some Q3 seasonality 75#76Kemira aims to pay an attractive dividend KEMIRA'S DIVIDEND POLICY Competitive and over-time increasing dividend No fixed payout ratio We have a solid dividend track record Dividend per share O Dividend yield * 0.62 0.58 0.58 0.56 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.48 5.8% 5.4% 5.4% 4.9% 4.5% 4.4% 4.4% 4.6% 4.1% (4.2% 4.5% 4.4% 4.3% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Kemira's dividend yield calculated using the share price at year-end * Dividend to be paid in two installments, first paid in April and the second installment in November. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 76#77INVESTOR PRESENTATION Appendix Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 77#78Currencies had a negative impact on revenue and operative EBITDA . Main currency exposure comes via translation impact Transaction risk is limited as revenues and costs are typically in same currency due to local manufacturing. Transaction risk mostly hedged. 10% change in Kemira's main foreign currencies would have approximately EUR 15 million impact on operative EBITDA on an annualized basis. Currency exchange rates had EUR -48 million impact on revenue and EUR -3 million impact on the operative EBITDA in 1-9 2023 compared to 1-9 2022. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION KEMIRA REVENUE DISTRIBUTION IN 2022 6% Others 2% BRL 2% SEK 2% GBP 3% CNY 4% CAD 37% USD KEMIRA COST DISTRIBUTION IN 2022 6% Others 2% BRL 1% GBP 3% CAD 4% CNY 2% SEK 36% USD 44% EUR 46% EUR 78#79Key figures EUR million Revenue Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 828.7 840.1 906.0 968.2 Operative EBITDA 160.3 151.0 192.6 177.0 152.5 margin 19.3% 18.0% 21.3% 18.3% 15.7% 2022 2021 971.9 3,569.6 2,674.4 571.6 425.5 16.0% 15.9% Operative EBIT 107.6 100.9 141.9 123.4 99.5 361.6 225.4 margin 13.0% 12.0% 15.7% 12.7% 10.2% 10.1% 8.4% Net profit 75.2 67.7 95.4 90.3 60.3 239.7 115.2 Earnings per share, diluted, EUR 0.46 0.42 0.60 0.57 0.38 1.50 0.70 Cash flow from operations 173.1 142.9 96.7 254.9 114.8 400.3 220.2 Capex excl. acquisitions. 54.4 48.8 29.1 89.8 43.5 197.9 168.8 Net debt 566 666 708 771 906 771 850 NWC ratio (rolling 12 m) 11.3% 11.5% 11.8% 12.1% 12.0% 12.1% 9.9% Operative ROCE (rolling 12 m) 21.6% 21.0% 19.4% 16.2% 13.0% 16.2% 11.3% Personnel at period-end 4,919 4,989 4,944 4,902 4,914 4,902 4,926 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 79#80Cash flow EUR million Net profit for the period Total adjustments Change in net working capital Finance expenses Q3 2023 Q3 2022 2022 2021 75 60 240 115 78 96 348 273 38 -16 -102 -80 -6 -18 -52 -44 Income taxes paid -13 -8 -33 -44 Net cash generated from operating activities 173 115 400 220 Capital expenditure in subsidiaries and in other 0 0 0 -1 shares Capital expenditure -54 -44 -198 -169 Proceeds from sale of assets 0 1 19 7 Change in long-term loan receivables 0 0 1 0 Cash flow after investing activities 119 72 222 57 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 80 00#81Pulp & Paper KEY FINANCIALS EUR million Revenue Operative EBITDA Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 2022 2021 403.6 68.9 421.2 504.6 556.2 537.3 2,027.7 1,559.6 65.2 109.4 110.9 92.3 348.0 244.7 margin Operative EBIT 17.1% 39.8 15.5% 21.7% 19.9 17.2% 17.2% 15.7% 37.6 80.4 80.3 61.8 225.7 124.3 margin 9.9% 8.9% 15.9% 14.4% 11.5% 11.1% 8.0% Operative ROCE*, % 18.5% 19.9% 19.9% 16.9% 13.3% 16.9% 10.1% Capital expenditure (excl. M&A) 34.3 31.3 19.3 51.4 28.4 122.5 88.5 Cash flow after investing activities 50.7 62.1 53.8 115.0 66.6 207.2 94.6 *12-month rolling average Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 81#82Industry & Water KEY FINANCIALS EUR million Revenue Operative EBITDA Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 2022 2021 425.1 91.5 418.9 401.5 412.0 434.6 1,541.9 1,114.8 margin Operative EBIT 21.5% 67.8 63.3 margin 16.0% 15.1% 85.8 20.5% 20.7% 61.5 43.1 15.3% 10.5% 83.3 66.1 16.1% 60.3 223.7 180.8 13.9% 14.5% 16.2% 37.7 8.7% 135.9 101.2 8.8% 9.1% Operative ROCE*, % 26.2% 22.6% 18.6% 15.1% 12.6% 15.1% 13.2% Capital expenditure (excl. M&A) 20.1 17.4 9.8 38.3 15.1 75.4 80.3 Cash flow after investing activities 86.6 65.8 59.2 75.6 31.6 100.9 50.9 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION *12-month rolling average 82#83Key figures and ratios - 5-year summary EUR million (except ratios) 2018 2019 2020 Revenue 2,486.0 2,658.8 2,427.2 2021 2,674.4 2022 3,569.6 Operative EBITDA 311.3 410.0 435.1 425.5 571.6 of which margin 12.5% 15.4% 17.9% 15.9% 16.0% Operative EBIT 170.3 224.0 237.7 225.4 361.6 of which margin 6.9% 8.4% 9.8% 8.4% 10.1% Cash flow from operations 205.1 386.2 374.7 220.2 400.3 Capital expenditure, excluding acq. 190.1 201.1 195.6 168.8 197.9 Gearing at period-end 59 66 63 63 46 Inventories 224 261 242 352 434 Personnel at period-end 4,732 5,062 4,921 4,926 4,902 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 83 33#84Per share figures - 5-year summary 2018 2019 2020 2021 2022 Earnings per share, EUR 0.58 0.72 0.86 0.70 1.50 Cash flow from operating activities per 1.38 2.53 2.45 1.44 2.61 share, EUR Equity per share, EUR 7.80 7.98 7.80 8.68 10.89 Dividend per share, EUR 0.53 0.56 0.58 0.58 0.62 Share price, EUR, end of period 9.85 13.26 12.94 13.33 14.33 Market capitalization, EUR million (excl. 1,502 2,024 1,979 2,041 2,198 treasury shares) Number of shares, million (excl. treasury 152.4 152.5 152.9 153.1 153.3 shares) P/E ratio P/CF ratio P/B ratio Dividend yield, % 16.8 18.4 15.1 18.9 9.48 7.1 5.2 5.3 9.27 5.49 1.3 1.7 1.7 1.5 1.32 5.4 4.2 4.5 4.4 4.3 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 84#85Revenue split by country FY 2022 Other APAC 5% China 4% Other EMEA 9% Belgium 2% Netherlands 2% France 2% Spain 2% Italy 2% Poland 3% UK 4% Germany 4% EMEA APAC AMERICAS Sweden 6% Finland 15% Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION USA 27% Canada 8% Brazil 2% Other Americas 3% 85#86Kemira – largest shareholders and - Board of Directors SHAREHOLDERS ON SEPTEMBER 30, 2023 KEMIRA BOARD OF DIRECTORS % OF SHARES 1. Oras Invest MATTI KÄHKÖNEN Chair 21.6% 2. Solidium (owned by State of Finland) 5.0% Member since 2021 3. Varma Mutual Pension Insurance Company 3.4% ANNIKA PAASIKIVI 4. Nordea Funds 2.4% Vice Chair Member since 5. Ilmarinen Mutual Pension Insurance Company 2.4% 2022 6. Kemira Oyj 1.1% ΤΙΝΑ SEJERSGÅRD Total number of shares 155,342,557 FANØ Member since Foreign ownership of shares 34.5% 2022 Total number of shareholders 49,730 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION TIMO LAPPALAINEN Member since 2014 FERNANDA LOPEZ LARSEN Member since 2023 MIKAEL STAFFAS Member since 2023 WERNER FUHRMANN Member since 2020 KRISTIAN PULLOLA Member since 2021 86#87Kemira's Management Board PETRI CASTRÉN Interim President & CEO as of July 18, 2023*, CFO with Kemira since 2013 *Petri Castrén will be in the interim role until the new President & CEO starts. LINUS HILDEBRANDT EVP, Strategy with Kemira since 2023 ANTTI SALMINEN President Pulp & Paper with Kemira since 2011 MATTHEW PIXTON CTO with Kemira since 2016 EEVA SALONEN EVP, Human Resources with Kemira since 2008 TUIJA POHJOLAINEN- HILTUNEN President Industry & Water with Kemira since 2008 ESA-MATTI PUPUTTI EVP, Operational Excellence & Sustainability with Kemira since 2015 Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION JUKKA HAKKILA Group General Counsel with Kemira since 2005 (Secretary of the Board of Directors and the Management Board) On August 1, 2023 Kemira announced that President & CEO Jari Rosendal has passed away. Kemira Board has initiated search for successor.#88Important information about financial figures Kemira provides certain financial performance measures (alternative performance measures) that are not defined by IFRS. Kemira believes that alternative performance measures followed by capital markets and Kemira management, such as revenue growth in local currencies, excluding acquisitions and divestments (=organic growth), EBITDA, operative EBITDA, operative EBIT, cash flow after investing activities, and gearing, provide useful information about Kemira's comparable business performance and financial position. Selected alternative performance measures are also used as performance criteria in remuneration. Kemira's alternative performance measures should not be viewed in isolation from the equivalent IFRS measures, and alternative performance measures should be read in conjunction with the most directly comparable IFRS measures. Definitions of the alternative performance measures can be found in the definitions of the key figures in this report, as well as at www.kemira.com > Investors > Financial information. All the figures in this presentation have been individually rounded, and consequently the sum of the individual figures may deviate slightly from the total figure presented. Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 88#89Kemira Chemistry with a purpose. Better every day.