#1Essity Capital Markets Day 2021 Breaking Barriers to Well-being and Delivering Profitable Growth essity Leukoplaz#2Magnus Groth President and CEO Volker Zöller President Consumer Goods Don Lewis President Professional giene Fredrik Rystedt Executive Vice President and CFO Ulrika Kolsrud President Health and Medical Solutions Anna Sävinger-Åslund SVP Group Function Human Resources Sahil Tesfu SVP Group Function Strategy & Business Developmen Robert Sjöström President Global Operations Services Pablo Fuentes President Latin America Tuomas Yrjölä President Global Brandnovation and Sustainability Donato Giorgio President Global Supply Chain Joséphine Edwall-Björklund SVP Group Function Communications#3Our Purpose Breaking Barriers to Well-being essity ABANW#4Agenda Breaking Barriers to Well-being and Delivering Profitable Growth 14:00 - 15:00 15:00 - 16:00 The Transformation of Essity Magnus Groth, Fredrik Rystedt, Sahil Tesfu Q&A Session Break, 10 min essity Innovating Leading Brands Magnus Groth, Ulrika Kolsrud, Tuomas Yrjölä, Volker Zöller Accelerating Digitalization Magnus Groth, Donato Giorgio, Ulrika Kolsrud, Don Lewis, Robert Sjöström, Volker Zöller Leading in Sustainability Magnus Groth, Donato Giorgio, Don Lewis, Tuomas Yrjölä Break, 10 min 16:00 - 17:00 Winning with People & Culture Magnus Groth, Pablo Fuentes, Anna Sävinger-Åslund Growing in Emerging Markets Magnus Groth, Pablo Fuentes, Karen Li Q&A Session Final Remarks Magnus Groth#5Development of Sales and Profitability SEKbn Organic Net Sales²) 88.0 2014 98.5 essity CAGR¹) 5.6% 101.2 +6% 109.3 Average Annual Increase of SEK 5.6bn 2015 2016 2017 2018 +3% 1) Compound Annual Growth Rate 2) Excluding exchange rate effects, acquisitions and divestments 3) Excluding items affecting comparability 118.5 129.0 2019 121.8 2020 +1.2% +2.6% +4.5% -1.9% SEKbn 9.5 10.6 CAGR¹) 10.9% 12.0 Adjusted EBITA Margin³) 10.8% 10.8% 13.4 12.9 15.8 Average Annual Increase of SEK 1.4bn 2014 2015 2016 2017 2018 2019 11.8% 12.3% 10.9% 12.3% 17.6 2020 14.5%#6Adjusted EBITA Margin Development 16% 15% 14% 13% 12% 11% 10% 9% Adjusted EBITA Margin¹) 1) Excluding items affecting comparability e9 ees essity es A 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 2014 2015 2016 2017 2018 2019 2020 2021 04 01 Volatility Toolbox ▪ Pricing management and agility ▪ Shortening of customer contracts ▪ Innovation ▪ Brand investments ▪ Premiumization ▪ Fiber mix improvements ▪ Alternative fibers#7Lower Volatility vs Peers 16% 15% 14% 13% 12% 11% 10% 9% Adjusted EBITA Margin¹) 1) Excluding items affecting comparability eg ees essity es Ą 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 2014 2015 2016 2017 2018 2019 2020 2021 04 01 Volatility Std Deviation 2014-2021 Essity Peer 1 Peer 2 Peer 3 Peer 4 Std Deviation 2018-2021 Essity Peer 1 Peer 2 Peer 3 Peer 4#8Stronger Post Pandemic I Higher market shares ▪ Leading e-commerce presence ▪ High performing supply chain Fast recovery in Medical Solutions and Professional Hygiene essity TORK T#9Financial Targets and Policies New Sales Growth Target Sales growth¹) eg Adjusted return on capital employed²) 1) Net sales including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Target >5% >17% by 2025 Capital structure Dividend be take par Smartcore OBST Zewa Ultra Policy Maintain a solid investment grade rating Long-term stable and rising dividends Lotus Confort WORK bero stimates Cushelle Cushelte LOBST Zewa MISS Lotus#10Adjusted ROCE >17% by 2025 Reached Primarily by Margin Enhancement Adjusted Return on Capital Employed¹) e9 12.3% Adjusted ROCE Q3 2021 1) Excluding items affecting comparability essity ILLUSTRATIVE Margin Capital Turnover >17% Adjusted ROCE Target Margin Enhancement ■ Innovation and brands ■ Price management ▪ Growth in high return businesses Cost savings including Manufacturing Roadmap Digitalization Sustainability#11Improving Efficiency ▪ Cost savings 2019-YTD 2021 of SEK 2.7bn ▪ Manufacturing Roadmap Annual cost savings 2021-2025: SEK 0.5bn-1bn ▪ SG&A Cost culture and continuous improvement essity 29#12Continuing Our Transformation - New Business Areas Leukoplast BEM Health & Medical essity Actimove Men Consumer Goods Professional Hygiene Leveraging Accelerating Trends, Shifting Customer Needs and Essity's Strengths#13New Business Areas Leukoplast BEM Health & Medical essity Actimove Incontinence Products Health Care Wound Care Compression Therapy Orthopedics Men Consumer Goods Incontinence Products Retail Feminine Care Baby Care Consumer Tissue Branded/Retail Branded Division: Consumer Tissue Private Label Europe Professional Hygiene Hygiene Solutions Tissue Skin Care Cleaning & Wiping#14New Business Areas Split Per Business Area, Proforma 9M 2021 Health & Medical, 18% essity Proforma Net Sales SEK 87,641m Consumer Goods, 61% Professional Hygiene, 21% Proforma Adjusted EBITA Health & Medical, 26% SEK 10,603m Consumer Goods, 56% Professional Hygiene, 18%#15Our Current Addressable Market Health & Medical e9 Market Size: EUR 15bn CAGR:>4% Consumer Goods Market Size: EUR 93bn CAGR: >3% Professional Hygiene Market Size: EUR 12bn CAGR: >4% Global Market Size: EUR 120bn, > >3% Normalized Market Growth CAGR (Compound Annual Growth Rate) Source: The information has been compiled by Essity for presentation purposes based on data taken from external market sources including but not limited to retail audit companies, Price Hanna Consultants, SmartTRAK, Fastmarkets RISI and national macroeconomic data. essity#16Global Market Positions Health & Medical eg Incontinence Products #1 Compression Therapy #1 Orthopedics Wound Care #3 #5 ΤΕΝΑ Leukoplast Cutimed® JOBST Actimove Delta-Cast Consumer Goods Incontinence Products #2 Consumer Tissue Feminine Care Baby Care TENAⓇ Vinda 维达 Libresse Saba Jempo Lotus #2 #5 #5 Lotus Baby Libero Professional Hygiene Professional Hygiene #1 TORK Source: The information has been compiled by Essity for presentation purposes based on data taken from external market sources including but not limited to retail audit companies, Price Hanna Consultants, SmartTRAK, Fastmarkets RISI and national macroeconomic data. essity#17Favourable Long-Term Trends Digitalization Sustainability Demographics Hygiene & Health essity#18Health & Medical The environment is changing... Pressure on healthcare funding and staff Acceleration of home care Increasing threat of antimicrobial resistance Increasing importance of sustainability Consumerization essity Cutimed Wound imito To-do list Care Team Care advice and Essity too! Leukoplast TENA Lymphedema? What can I do? ΤΕΝΑ Silhouette WASHABLE TAIL ABSORBENT UNDERWEAR CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE HIPSTER x1 SSE Lymph Care JOBST MO Pou 40%#19Consumer Goods The environment is changing... Shift towards sustainable living Rising interest in self-care Increased hygiene awareness Increasing relevance of purpose driven brands Evolving role of social media in e-commerce essity intima wear™ Saba TRITECH VIVA LA TENA and Essity too! MEN WASHABLE PROTECTIVE BOXER 40 BOXER ΤΕΝΑ FOR DRIPS & DRIBBLES SECUECEPTION ZONE The NEU Frei von Alkohol, stark gegen Corona-Viren Vrij van alcohol, sterk tegen Corona virussen Jempo Desinfektions- Hand-Schaum Desinfecterend Handschuim 99,99 FREI VON Alkohol & Duft VULVA JHE #9: Libresse666 Libresse Libresse Livesse 10 NETIANTY Libresse 今天给到大家 Libresse Ubresse NUTMATTE Libresse IMENT Libresse Libresse#20Professional Hygiene The environment is changing... Circularity as a step towards sustainability Accelerated growth of omni-channel Increased emphasis on connectivity and "l-o-T” Elevated awareness of hygiene essity and Essity too! Endant pappershanddukar s plastslickar TORK 1024#21Profitable Growth Opportunities in All Businesses Areas Horizons for Profitable Growth essity Horizon 1: Strengthen performance in core categories Horizon 2: Grow in (to) adjacent categories Horizon 3: Launch new (digital) business models Horizon 4: Expand into new categories#22Health & Medical - Profitable Growth Opportunities Health & Medical as covered by today's core categories* Horizon 1: essity Strengthen performance in core categories Skin Care Sustainable innovations ● * Incontinence Products Health Care, Wound Care, Compression and Orthopedics Horizon 2: Grow in (to) adjacent categories Horizon 3: Launch new (digital) business models Continuum of care - powered by digital solutions Horizon 4: Expand into new categories#23Consumer Goods - Profitable Growth Opportunities * Consumer Goods as covered by traditional core categories* Incontinence Products Retail, Feminine Care, Baby Care and Consumer Tissue essity Horizon 1: Strengthen performance in core categories Sustainable innovations Hygiene innovations Horizon 2: Grow in(to) adjacent categories Horizon 3: Launch new (digital) business models New intimate hygiene products and services Horizon 4: Expand into new categories#24Professional Hygiene - Profitable Growth Opportunities Professional Hygiene as covered by traditional core categories* *Toilet tissue, towels, napkins, facials and object wipers essity Horizon 1: Strengthen performance in core categories Sustainable innovations Horizon 2: Grow in(to) adjacent categories ● Skincare Wiping & Surface Cleaning Horizon 3: Launch new (digital) business models ● Digital services Horizon 4: Expand into new categories Cleaning chemicals#25Value Creating Acquisitions Positioning Essity for Profitable Growth abigo 5 pcs essity sorbact Sorbact Sec Protects and keeps the wound Skyddar och haller och håller såret re Beskytter såret og holder o er det STERILE QUE BACTERIA P 5pcs Beskytter og holder saret n Suojaa ja pitää haavan puhta 8cm x 10cm 3nxin INFECT BINDING sorbact Sonte (2) E Foto Sorbact Secure and the end ceas novioscan wearable ultrasound care 1 Jan's Device 50% -10.55 11:00 -11:20 sens-u 50% familia Mexico Central America Puerto Rico Familia JV Essity Ecuador Dom. Republic Colombia Peru Venezuela Chile Bolivia Argentina Brazil asaleo care#26The Transformation Journey in Australasia Sales Split By Business Area and Category Personal Care 27% essity Incontinence Products, 16% Skin Care, 2% Cleaning & Wiping, 3% Professional Hygiene 30% Feminine Care, 9% Baby Care, 2% FY 2018 Away-from-Home Tissue, 25% TORK ΤΕΝΑ Consumer Tissue 43% Acquisition: ● Divestment: ● ● Feminine Care, TOM Organic Personal Care 42% Consumer Tissue, Australia Baby Care, New Zealand Libra TOM. Purex ORGANIC Handee Feminine Care, 18% Incontinence Products, 24% 9M 2021 Skin Care, Cleaning 3% Orchid & Wiping, 5% Sorbent Consumer Tissue 17% Away-from- Home Tissue, 33% Professional Hygiene 41%#27The Transformation Journey in Australasia Sales Split By Business Area and Category essity Personal Care, 42% TORK Feminine Care, 18% Incontinence Products, 24% Skin Care, 3% 9M 2021 Cleaning & Wiping, 5% Away-from- Home Tissue, 33% ΤΕΝΑ Libra TOM. Purex ORGANIC Consumer Tissue, 17% Professional Hygiene, 41% Handee Orchid Sorbent#28Fastest growing sub-category in Feminine Care Brand leadership creates immediate scale and credibility Agile, growth focused business Brand can extend to adjacent categories essity M TOM ORGANIC 4000 THE THE PERIOD BR BRIEF MI BIKINI "Better-for-You, Better-for-Planet" ORGANIC COTTO TOM ORGANIC THE PERIOD CUP ULTRA THIN LINERS WITH ORGANIC COTTON ΤΟΜ ORGANIC BIODEGRADABLE HYPOALLERGENIC APPLICATOR TAMPONS 25 PACK TOM ORGANIC ORGANIC COTTON APPLICATOR TAMPONS IOM I TOM RGANIC ORGANIC ORGANIC COTTON TAMPONS TOM ORGANIC 100% ORGANIC COTION. NOTHING SLEE 10 SUPER PADS TOM OF О Compelling Financials Strong sustainability credentials Opportunity to take TOM Organic global - leverage the mega-trend TOM ORGANIC OVERNIGHT PADS WITH ORGANIC COTTON TOM ORGANIC ORGANIC COTTON TAMPONS BIODEGRADABLE HYPOALLERGEN & PACK REGULAR PADS WITH ORGANIC COTTON 10 PACK TOM ORGANIC BIODEGRADABLE HYPOALLERGENIC TERNITY PADS TH ORGANIC COTTON ON GANIC#29M&A Opportunities Strong Pipeline of Value Creating Acquisition Targets Health & Medical Consumer Goods Professional Hygiene essity Bolt-on Scale I Technology & Know-how Adjacencies ■ Feminine Care ■ Incontinence Products Digital & Sustainable solutions Scale Skin Care Cleaning & Wiping Digital & Technical Solutions Valuation & Execution The M&A Process Creation of Business Plans Central M&A function Business Management active with local screening Strategic Fit Target Identification#30Acquisition of Professional Sports Tape Brands COACH ZONAS ELASTIKONⓇ SUPPORTS 1½in 768x10 yds (3.8mx 83 m) RECOMMENDED BY PROFESSIONAL ATHLETIC TRAINERS essity COACH Johnson Johmon SPORTS TAPE NATA SURETY FOTO FALL ELASTIKON Elastic Tape 4 Rolls 3 in x 2.5 yds 7. CAUTION THIS PRODUCT C ZONAS® Athletic Tape 2#31Strategic Priorities for Profitable Growth Continuing the transformation journey essity Efficiency in everything we do Innovating Leading Brands Accelerating Digitalization Leading in Sustainability Winning with people and culture Growing in Emerging Markets#32Delivering Profitable Growth essity Return Increase Growth Expand Margin & Turnover The Value Creation Journey Consumer Goods Professional Hygiene Health & Medical Star Value Creator Value Destroyer Growth ILLUSTRATIVE#33Delivering Profitable Growth essity Return Increase Growth Expand Margin & Turnover The Value Creation Journey Star Value Creator Consumer Goods Professional Hygiene Health & Medical Value Destroyer Growth ILLUSTRATIVE#34Innovating Leading Brands essity 30% ABSORBENT Libresse ODOUR NEUTRALISATION dailies extra protection EXTRA LONG LINERS Extra Long LIVE FEARLESS#35Sustainable Innovations TORK Microfiber Re-usable Cleaning Cloth Yellow HO Low Und Excent Diru Washible Dust Removal 300 Times NC Con NO PL PE DE T D To Men Mos de t P ods repous essity Brangus Pop Hou occas Som svare p Wada Segan 000 KOOP CO MAX Day Fam 13 Road Ca P brevide prospe For comption P146 Pan 1 18 36 01 6 Wipers 30,5x30,5cm essity Manufactured for Emty Hype and All S-400 Goubory Mondas 2. Monda www.sy.com, www.forglobal.com Made in Bangladesh 7 322541 265766 ΤΕΝΑ PROTECTS ΤΕΝΑ Silhouette WASHABLE ABSORBENT UNDERWEAR CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE HIPSTER x1 TAILLE BASSE S 40% DRY 3x FOTECT SECURE DOUR INTROL CONTRO TENA PROTECTS MEN WASHABLE PROTECTIVE BOXER SECURE FOR DRIPS & DRIBBLES 40° BOXER TENAⓇ ABSORPTION ZONE SIZE S Libresse V-Cup FREE OF LATEX AND DYES 12h FREEDOM AND PROTECTION 1 TRANSPARENT MENSTRUAL CUP#36Branded Market Shares Positive Development Last 12 Months Position #1 or #2 ~90% of branded sales essity Increased Branded Market Shares ~70% market positions in Retail TORK TENA Libero Libresse N Vinda 维达 Lotus Saba Zewa Nosotras Tempo Leukoplast JOBST#37Strong Impact From Innovations and Brand Building Product Superiority % "Customer/Consumer Preferred Products" essity 40% 2017 46% 2018 51% 2019 60% 2020 57% 2017 #1 Brand Health "Leading Brand Equity" 58% 2018 60% 2019 64% 2020#38Innovation Drives Premiumization Bathroom Tissue essity 2% 9% 29% 60% 2016 3% 10% 29% 58% 2017 3% 12% 33% 52% 2018 4% 14% 34% 48% 2019 Moist 17% Best 5% 32% Better 46% Good 2020#39eet es essity Regio just 1 que 1 sola hoja puede ser suficiente 6 T#40essity Jill Hillel da Hirla new REDUCING OUR CLIMATE IMPACT RENEWABLE ELECTRICITY Libero touch 6 RENEWABLE PACKAGING READ MORE ON THE BACK SKIN-FRIENDLY OPEN DIAPERS 13-20 KG 38 PIECES )|(5 new REDUCING OUR CLIMATE IMPACT SOFT FIT RENEWABLE RENEWARE ELECTRICITY PACKAGING Libero touch 6 SKIN-FRIENDLY OPEN DIAPER 13-20 KG 38 PCS OUR BEST DIAPER OUR BEST DIAPEY REDUCING OUR CLIMATE IMPACT new REDUCING OUR CLIMATE IMPACT RENEWABLE RENEWABLE ELECTRICITY PACKAGING READ MORE ON Libero touch 6 SKIN-FRIENDLY PANT DIAPER 13-20 KG 30 PCS OUR BEST DIAPER REDUCING OUR CLIMATE IMPACT ###$11 SOFT FIT DERMATOLOGICALLY TESTED 13-20 KG touch 6 FSC new Libero touch 60 REDUCING OUR CLIMATE IMPACT RENEWABLE RENEWABLE ELECTRICITY FACKAGING SKIN-FRIENDLY PANT DIAPERS 30 PIECES www OUR BEST DIAPER Libero touch 6 PANT DIAPERS put on PURE SOFTNESS EMBRACING WAIST FIT The reas and then for a ply working to reduce our climate impact 0 LEAKAGE SECURITY kagabria mag work with makatalikky at 00 M take off SNUG LEG FIT py CHANGE INDICATOR when to thonge skin caramang D#41Innovation Drives Premiumization Creating Super Premium Baby Category essity 2% 2015 Libero Touch % of Net Sales in Baby Care Nordics 25% 12% 2016 18% 2017 22% 2018 23% 2019 2020 28% 9M 2021#42Driving Profitable Share Growth Feminine Care #1 Market Position in % Sales essity 54% 2016 70% 2020 Incremental Sales Growth since 2014 EUR +300m +8% CAGR +70% Sales Growing Share#43KORTER essity Ewal HAKE Zewa Ultra Soft NEU MIT 30% STROH SCHNELL NACHWACHSEND & RESSOURCENSCHONEND WIE WEICH SATE Zewa Ultra Soft Mit extra weichen Wohlfühllagen Komfort- öffnung AUBENLAGEN CO2 REDUZIERTE VERPACKUNG 8 RECYCELBAR 4 C COMOZ s m#44intima wea Cont 1 pieza Saba ROFA IN INTERION A TARTUPE ΤΕΝΑ PROTECTS Masca hores de protección vorcion superior con TRITECH PERFORMANCE TENAⓇ Silhouette WASHABLE MM intima wear™ HIPSTER x 1 TAILLE BASSE SO ABSORBENT UNDERWEAR CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE essity 40° W 1929 DRY 3x OTECT SECURE ODOUR CONTRO de Nosotras 2409830 TRITECH FESTORMANCE M#45essity ΤΕΝΑ PROTECTS MEN WASHABLE PROTECTIVE BOXER 40° TENA FOR DRIPS & DRIBBLES SECURE BOXER ABSORPTION ZONE#46Innovating Leading Brands essity TENA TENAⓇ Silhouette WASHABLE ABSORBENT UNDERWEAR CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE HIPSTER x 1 TAILLE BASSE SO 40° DRY ODOUR SECURE ROTECTIO#47PROSkin Slip M00 essity ΤΕΝΑ PROSkin Flex M SUPER ΤΕΝΑ PROskin Wet Wipes TENA Not Wipes PROSkin Comfort EXTI TENAⓇ TENA PROSkin Pants M MAXI ΤΕΝΑ 14 3x SOFF FELD FRESHLY SCENTED ΤΕΝΑ PROSkin Barrier Cream PROTECTS N PERFUME FREE WATER REPELLENT PR SKIN LON EXTRA 150ml TENAⓇ PROSkin Body Cream O FRESHLY SCENTED VITAMIN E FOR EXTRA DRY SKIN 150ml ΤΕΝΑ FUME 50 ||2 ΤΕΝΑ PROSkin Wash Mousse FANSES PROTECT 3in1 B FRESHLY SCENTED GENTLE FOR FRAGILE SKIN 400ml DERMATOL HEALTH SKIN LOGICALLY ALLIANCE APPROVED#48essity #HealingMeSoftly The Leukoplast skin sensitive family - Reliable, loving grip yet gentle removal. DESIGNED FOR FRAGILE SKIN Leukoplast Leukomed® skin sensitive Leukoplast#49eg ees es essity JOBST#50SEAL essity LESSAND KOM 1.3.3.3. 3. 3. Y JOBST#51Leukoplast ESTTTTT es ees es essity 5 29 Actimove 1.7#52|| intimawear Libresse essity x 2 PANTIES-5% RABATT, 3 PANTIES-10% RABATT (PROMO BEDINGUNGEN GÜLTIG) NEUE WASCHBARE PERIODENPANTIES EINKAUFEN Accelerating Digitalization#53Accelerating Digitalization Digital Transformation in All Areas JA roma NEVE WASCHERRE PERIODENPANTIES ENEAUFEN Customer & Consumer Interaction essity .. E-commerce Digital Solutions ess Digitalization in Operations Data Analytics & Capabilities#54E-commerce % of Net Sales ees es essity 9M 2021 2020 2019 10% 13% 14%#55ଜଣେ#56YOEND es elle essity CED FH GT GT essity company esity#57ees es essity M TENA M 10.42 NEEDS ATTENTION BED 28 BED 98 WARD B BED 28 BED 14C BED 58 BED 2A BED 2A Residents 5 min S min CHANGE A ERROR CHANGE SOME URINE OK OX Ox#58Digital Solutions ees es TENA essity CutimedⓇ Wound Navigator#59e essity Turs#60Tork Vision Cleaning essity#61Customers Value Tork Vision Cleaning 100% e9 Improves Hygiene in Facility 85% Supports Safer Environment during COVID-19 Source: Based on anonymous survey results conducted in March 2021 of Tork EasyCube customers in Europe and North America essity 82% Improves Efficiency TORK Think ahead. 100% Recommend To Others#62essity TORK Tork Sustainability your business to most ch Sustainable Life Away from Home raging c Pro Tork Sustainability you acta Easy to l 20-3-9panels HoReCa Hotels/Lodging Foodservice we a hyg Tork Xpressnap Fit® Tabletop Aloads CAD Models, MSDS, a from dirt and spills Well-being Well-being TORK Interfold Naphie, t Advanced 6x have products and vicos 1 ove the Refill your dispensers less often with Xpressnap Fit home away stare to 720 Napkins DX 800 Tork Xpressnap Fit Starter Packs Com design is en coaded tables Compact design te on crowded counters Convenient and complete Holds up to 108 2 Holds up to 3 One- 1 2 More Commerical by Tork Tork Xprossnap Fit Disponsor Napkin N14, Advanced Dispenser Napkin DX800, 2-ply, White - 6 x 720 Napkins **** reviews 121 answered que $00.000/FREE Sping. Det In Stock Want Way, Oct. 167 Onder within 44 mins and cheese Two-Day Shipping at HoRoCa Goldton Brand Name More from less t Largh moder of om Rettember ON Tork Xpressnap Fit Counter time to refil ONI 4,300 CHOCO For Healthcare www yourse Sul vedere HoReCa Segment It's essential for hotels, restaurants and catering that products not only work wall, but also fit the image of the Quest experien elp build your brand and improve Circulari 09 07 43 in for Twilnop and Counter Industrial 60-07 29 TORK Think ahead.#63essity intima wear™ by Libresse#64essity#65Leading in Sustainability essity 20#66Sustainability Targets Examples Science-Based Targets, Scope 1 and 2 Science-Based Targets, Scope 3 Sustainable Innovations essity Target Outcome 2020 -35% by 2030 -18% by 2030 50% -11% -9% 56% Waste from Production Units to Material and Energy Recovery Fiber Sourcing, FSC® or PEFCTM certified Renewable or Recycled Material in Packaging Target 100% by 2030 100% 85% by 2025 Outcome 2020 60% 95% 77%#67Recognitions and Memberships in Sustainability Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA FTSE4Good essity CDP DRIVING SUSTAINABLE ECONOMIES MSCI ELLEN MACARTHUR FOUNDATION Member SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION PLATINUM Top 1% 2020 ecovadis Sustainability Rating THE GLOP COMPACT D WE SUPPORT#68essity Essity commits to net-zero greenhouse gas emissions by 2050 AMBITION FOR 1.5°C The net-zero ambition means that Essity has join the U.N. Global Compact's "Business Ambition for 1.5°C" to develop targets to reach net zero emissions by 2050 for the entire value chain, in line with SBTi criteria#69Net Zero 2050 - Key Action Areas Low carbon raw material Zero production waste essity Breakthrough technologies Clean transportation Gitte Fossil fuel free production essity Sustainable solutions intima wear Bodyform Resource efficiency Less waste after use#70KORTER essity Ewal HAKE Zewa Ultra Soft NEU MIT 30% STROH SCHNELL NACHWACHSEND & RESSOURCENSCHONEND WIE WEICH SATE Zewa Ultra Soft Mit extra weichen Wohlfühllagen Komfort- öffnung AUBENLAGEN CO2 REDUZIERTE VERPACKUNG 8 RECYCELBAR 4 C COMOZ s m#71Fossil fuel free TE production ***************227 SECOCES#72Made with Renewable Energy fessity Libero touch 6#73Reduce total recordable injuries rate by 75% until 2025 essity#74Coreless Tissue essity#75TENA PROTECTS TENAⓇ Silhouette WASHABLE ABSORBENT UNDERWEAR CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE HIPSTER x 1 TAILLE BASSE SO essity DRY DOUR SECURE FECTIONS CONTROL 45 ΤΕΝΑ PROTECTS MEN WASHABLE ΤΕΝΑ PROTECTIVE BOXER SECURE FOR DRIPS & DRIBBLES 40° BOXER ABSORPTION ZONE intima wear Cont 1 pieza Saba RESE MM intima wear™ Manca hores de protección vabsorcios pesor con TRITECH PERFORMANCE Nosotras ARGUSE TRITECH PERFORMANCE M SIZE S Libresse V-Cup FREE OF LATEX AND DYES 12h FREEDOM AND PROTECTION 1 TRANSPARENT MENSTRUAL CUP#76Sustainability Drives Profitable Growth Well-being essity More from Less Tork PeakServe™ Circularity Tork PaperCircleⓇ Endast pappershanddukar plastsäckar#77Tork PaperCircleⓇ es ees essity Endast pappershanddukar Sa a plastsäckar#7811 Tork PaperCircle The World's First Recycling Service for Paper Hand Towels Based on 2019 traffic statistics HK 10+ Markets + 35 million people have access to Tork PaperCircle supporting a more circular planet TAPIO OPIS +#79Winning with People & Culture essity#80Our Purpose Breaking Barriers to Well-being essity ABANW#81essity Culture & Employee Engagement#82We are committed to delivering superior results. We have the courage to take the lead. essity 5+ St Beliefs We care for our customers, consumers, the environment and each other. We collaborate across teams, functions and businesses.#83Sustainable Working Life essity#84essity 3 Diversity, Equity and Inclusion#85essity HUEVO San Juan 632227 360 SELECTOR MOVI FOCK Sanson Educating children 9 in collaboration with UNICEF Mexico#86Diversity, Equity & Inclusion Our Commitment ▪ Provide an inclusive working environment for all ▪ Achieve gender balanced leadership everywhere at least 40/60 gender distribution on all leadership levels by 2025 - ▪ Accelerate transition to reflect under-represented groups essity A#87Growing in Emerging Markets fessity NUEVO ZALAE PRIOR Fun OF#88Mature and Emerging Markets Adjusted EBITA Margin¹) Development Emerging Markets: Share of Net Sales Share of adjusted EBITA¹) 1) Excluding items affecting comparability essity 13.2% 10.8% 6.5% 2015 36% 22% 14.1% 11.8% 7.5% 2016 14.2% 12.3% 8.5% 2017 Emerging Markets 12.3% 10.9% 8.3% 13.4% 12.3% 10.2% 2018 Mature Markets 2019 -Group 15.3% 14.5% 12.9% 2020 12.6% 12.1% 11.0% 9M 2021 38% 35%#89eg ees essity es MUR Latin America#90Essity's Market Positions Latin America Market Position Incontinence Products essity TENAⓇ #1 Feminine Care Nosotras #1 Saba Consumer Tissue Regio familia #3 Medical Solutions JOBST CutimedⓇ Actimove Leukoplast® #3 Baby Care Pequeñín #6 Source: The information has been compiled by Essity for presentation purposes based on statistics taken from external market sources, including IRI, Fastmarkets RISI, Price Hanna Consultants, SmartTRAK and National Macro Economics. Professional Hygiene TORK #4#91essity TENAⓇ Pants Noturna 3X PROTEÇÃO SECO SEGURO CONTROLE DE ODOR SEVERA TECNOLOGIA RÁPIDA ANTIVAZAMENTO ABSORÇÃO UNISSEX MÁXIMA PROTEÇÃO PARA TODA A NOITE ΤΕΝΑ MULHERES O QUE VOCÊ PROCURA? Faça parte do Clube TENA HOMENS CUIDADORES PROFISSIONAIS SOBRE A TENA SOBRE A INCONTINENCIA DEVIDO ÀS MEDIDAS PREVENTIVAS PARA O COMBATE À PANDEMIA DO COVID-19, OS PRAZOS E ENTREGAS PODEM SER AFETADOS POR TEMPO INDETERMINADO COMODIDADE: PROGRAME SUA COMPRA SEM TAXAS DE ADESÃO OU CANCELAMENTO BENEFÍCIOS EXCLUSIVOS SEM TAXAS DE ADESÃO E CANCELAMENTO Altere ou cancele quando quiser % 10% DE DESCONTO Exclusivo Sócio Clube TENA OLA VISITANTE ENTRE OU CADASTRE-SE MacBook Air 00 AMOSTRA GRÁTIS SUSTENTABILIDADE FRETE GRÁTIS * para compras acima de R$100#92NUEVA MAGEN Nosotras Diarios 60 MULTIESTILO aloca essity LLEVE 60 Proctorss Pants M 8 TENA 1.1.2 ***000 CLÁSICO 1. INSY XVSO &quanin Pequeñín Extraprotección Protegido adelante y atrás por más tiempo 3/G 30 NUEVA TECNOLOGÍA cleo con más gel absorben Mis sepp y protegido MAS familia Cel Antibacterial 80097 1000 ml % de bacterias MAK Experts Ca لوك familia $100% EMPAQUE RECICLABLE familia PractiPLUS Taple Hoja y#93chas NG PACK 583 169 essity pa GRATIS deic mediapartmalig' GRATIS siguen nos levantamad Juntas essity TENA Protección Femenina Mejor precio por toa Mejor precio por toalla Mejor precio por toalla 3x 3x #Rompiendo Barreras #EssityEstaContigo GRATIS GRATIS B in Latin America Saba buenas 128 toalc 560 GRATIS& 20+1 oso ma pigas 0. MIO Saba Buenas noches noctumo 128soallas extra largas 20 Sac $27 GRATIS Three ballos FPRCHICA Building the Fastest Growing Hygiene and Health Company 12otos o logol Saba DANS finctes Saba buenas noches nocturna 128 toallas extra largas Saber extra 12os korgos SARK Saba buenos noches extra e 112ins andra inigas Saba buunts) GRATIS LE THIPH 32-80 extra 112 er lorges King op DISTRE lontos Saba mas co OF Jabón de Tocador Mejor precio por toalla 3x Foncobe Saba buenas noches con clas 898 BATE nocturna 128 too toallas extra largas 4x 4x Saba buenas noches ABSORBE nocturna 112toallas extra largas Saba buenas noches cafiole 112toallas extra larga $39 Saba intima clip com olas 142ton FOR regular 750M Mejor precio por toalla noctura SELE rápida obianson WANICK assion 3x YES 3x wedd COMI 42toallas Mejor precio por Saba buenas noches con alas 00000 abundante nocturna 28 toallas extra largas Saba buenas noches OM D 12toallas extra largas ALLE nocturna ABSORBE Saba buenas noches alon nocturna 112toallas extra largas candles intima clip Saba Ine Mejor prec ODOANE 19 3 TACK SOUSTACE Mejo#94Welcome to Vinda A Leading, High-Growth Hygiene Company in Asia Healthy Lifestyle Starts with Vinda 5 Vinda#95Vinda in Numbers Milestones Portfolio Performance Scale Established in China 1985 Business Categories 4 Production Bases 13 Listed on HKEX Revenue (FY 2020) HK$16,512M *MSCI Global Standard Indexes and MSCI China All Shares Index 2007 Key Hygiene Brands 8 Employees Expanded across Asia >11,000 2016 Revenue CAGR (2010-2020) 16.4% No. of Countries 10 Inclusion in MSCI Indexes* 2020 Net Profit (FY 2020) HK$1,874M al Vinda 95#96Strong Development of Sales and Profitability HKD bn Organic Growth² 1 8,0 2014 9,7 Revenue CAGR¹ 12.9% 12,1 13,5 14,9 16,1 Average Annual Increase of HKD 1.4bn 16,5 2015 2016 2017 2018 2019 2020 +15.3% +13.7% +8.5% +7.8% +11.6% +3.7% Compound Annual Growth Rate; 2 Excluding exchange rate effects, acquisitions and divestments HKD bn 0,82 0,75 EBIT Margin 10.3% CAGR¹ 20.0% 1,01 7.8% EBIT 0,98 1,02 Average Annual Increase of HKD 0.27bn 2014 2015 2016 2017 2018 2019 8.4% 1,57 7.3% 6.9% 9.8% al Vinda 2,45 2020 14.9% 96#97High Growth Opportunities in Chinese Hygiene Market Tissue Per Capita Consumption¹ 8,7% 7,8% 4,9% 6,4 6,9 2018 2019 Per capita consumption (kg) -1,8% Incontinence Care Total Consumption³ 21,3% 7,5 2020 4,4 5,4 2018 2019 Total consumption (billion pcs) Growth rate 17,8% 6,3 2020 Growth rate Total Feminine Care Market Size² 4,2% 8,2% 19,9 2018 2000 2010 2020 2030 Esimated Market size (RMB bn) 22,9 16,6 21,5 2019 18,0 17,0 1,5% 0-14 21,9 2020 Growth rate Share of the Population (%) 4 58,0 15-59 Premium Feminine Care Market Size² 59,2% 1,7 2018 63,4 2,7 2019 Market size (RMB bn) 70,1 66,8 Above 60 24,8% 3,4 2020 2 ¹ China Paper Association; ² Kantar China; ³China National Household Paper Industry Association; 4China National Bureau of Statistics and the State Council al Vinda Growth rate 25,0 10,4 13,3 18,7 97#98Feminine Care Launch in Mainland China Premium Feminine Care Market Size (RMB Billion) 1,71 2018 2,73 2019 BEVE VHEVR+V 420 Libresse 薇尔 Source: Kantar, China 舒适V感 VUR VIA VS 3,40 Libresse 尔 2 2020 AN V 恆塞VB VBA V VE Libresse 梅尔 V V.Vaa-ve 240mm 10CE Cate Libresse R EVS 240 % of Premium Market Size (to the Total Market) 9% 2018 Libresse 尔 M Normal Libresse ***V 40 18. +59% 13% 類的。 +3% 2019 Libresse 4尔 部道路 Premium 05-2 R8 +25% 16% -2% 2020 40% 35% 30% 25% 20% 15% 10% 5% 0% 19Q1 Premium Brands & Market Shares by Quarter 19Q2 19Q3 Whisper Laurier Linear (Libresse) 1,7% 2,9% a Vinda Sofy Libresse 4,3% 4,3% 5,5% 19Q4 20Q1 20Q2 20Q3 20Q4 Kotex Linear (Whisper) 98#99Impactful Product and Marketing Innovation Innovation centers in China and Malaysia Leverage global experience and knowledge Tap on local consumer insights, technology applications and adaptations ● Successful marketing innovations that respond to changing consumer behaviors and preferences O 不隐藏 y Vinda 错达 超迷你 湿水不易破 是我们 周冬雨 Libresse薇尔品牌代言人 Ultra trong 24 4859 AGAYA Le Petit Prince New Vinda Vinda - Le Petit Prince Edition 儿童腰 杀菌无刺 64M ADINTOR AMA CON BREISGE A 10 不隐藏 多一份理解 动态贴合舒适VS Libresse Libresse China brand ambassador Dongyu ZHOU Tempo V&A de A VAL PERAMEN Tem 维达多康 进驻北京大兴国际机场 助力绿色新国门 TORK 32 Think shead. Tempo 享誉全球的 商用清洁卫生专家 V&A Tempo - V&A Edition (Victoria and Albert Museum) 00971 al Vinda 去展翅,清洁交给我 耀访多雨,北京大兴国际机场公共选手间把逝者之一 持续为有户提供专业的商用清洁卫生解决方案 TORK 32 Think head 享誉全球的 商用清洁卫生专家 TORK in Beijing and Shanghai airports ORXX0 99#100High Margin Products driven by Strong Brands 4D Deluxe 全新一代 WIANEN a M SHX900# 自然无香 ****** MOTOR= 2,086 million Vinda 10 Deluxe 亲肤无刺激 10 PACKS 家庭装 4D立体美 ITAL FY2020 Net Sales Organic Growth (HK$) (YoY) ¹Excl. wet wipes +33.4% Tempo¹ BARIST 12x Tempo Neutral 天然无香 1,253 million 如湖水依然柔精 ≡ 4#加厚 FY2020 Net Sales Organic Growth (HK$) (YoY) +21.8% Wet Wipes Vinda 描述: 杀菌无刺激 干净如水洗 10 PA 19407 新升级 S Tempo Protect 99%H1N1. H5N1 海莲閃哥税步税悒悒新源 STEFAN freshme TRIBABE O ran FY2020 Net Sales Organic Growth (HK$) (YoY) 666 +46.8% million Tork 去畅玩,时间交给我 维达多康,北京大兴国际机场公共洗手间聞造者之一 极致体验,让“方便”更方便 163 million a Vinda “兴”时代,创新交给我 博达多南,北京大兴国际机场公共洗手间能造者之一 以创新引领商用清洁卫生“兴”时代 Premium tissue segment accounted for 30.6% of total tissue sales in 2020 CAPEX investments focused on the development of premium products Ste FY2020 Net Sales Organic Growth (HK$) (YoY) BAHRESRAPARE +0.9% 100#101Strong E-commerce Growth and Channel Leadership E-commerce Contribution to Vinda's Revenue (%) 11.9% 2014 2,6 7,0 2015 13,0 14.4% 17.4% 0.1 0,7 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Increasing Proportion of E-commerce to Total Retail Sales¹ in China 18,0 22.0% 2016 Total retail sales 2017 21,0 23.4% 24,6 2018 1 National Bureau of Statistics of China 25.8% 29,2 2019 E-commerce 36,2 30.0% 2020 2 Kantar, FY 2020 Ranked No.1² Tissue Online Shop in China 淘宝网 Taobao.com THALL.COM 46% of China sales from e-commerce 36% 2020 Revenue 24% 京东 .COM 27% d Tik Tok 13% Kwai Vinda ● 小红书 特价购物 ● Traditional Channels Professional Hygiene and B2B Key Accounts E-Commerce 101#102Notes: 1. 123456 3. 4. 5. Leading Market Positions Kantar, value share FY 2020 2. Nielsen, value share FY 2020 6. Mainland China Hong Kong, China 46.1% Taiwan, China Nielsen, volume share YTD Dec 2020 18.1% Internal estimates, value share, YTD Nov 2020 Internal estimates, value share, FY 2020 Kantar Worldpanel, value share YTD Dec 2020 26% No.1 Tissue¹ Vinda 18 13 Tempo Germany 1929 TORK 3R No.1 Tissue² Tempo Vinda W 包大人 Dr. P No.2 Incontinence³ 添寧 TENA* KILE TORK Vinda Malaysia Singapore 46% 46% 35% 70% No.1 Incontinence4 عدن ΤΕΝΑ 包大人 P No.1 Baby Care6 Drypers No.1 Feminine6 Libresse a Vinda ΤΕΝΑ Market share gains across all key markets in 2020 No.1 Incontinences LINA 包大人one 102#103Priorities and Opportunities W Short Term Household Tissue: Profitable growth and market share gain Feminine: Building up a sizable business and notable market position in China Incontinence: Fulfilling the needs of an aging demographic Away From Home: Hygiene solutions for business customers in post-pandemic era $ Long Term Optimization and Expansion: Clear strategic positioning and continuous optimization and expansion of product portfolio Innovation: Focused innovation strategy and execution ESG Focus on Sustainability: Certified fiber, emission and waste reduction Develop our People: Health and safety, gender equality, training and career development Excellent Corporate Governance: Code of conduct, transparency and compliance To provide quality hygiene products and services that improve the health and lives of our consumers al Vinda 103#104Forward-looking Statements Certain statements in this presentation includes forward-looking statements, including statements reflecting management's current views relating to the growth of the market, future market conditions, future events, financial conditions, and expected operational performance, including, in particular the following: - Our goals, strategies and operational expectations; - Industry trends, future characteristics and development of the markets in which we operate; - Our future liquidity, capital resources, capital expenditures and cost savings; - The expected demand for new products and services as well as plans to launch new products and services including R&D expenditures; - The ability to deliver on future plans and to realize potential for future growth; - The expected performance of strategic cooperation activities and joint ventures; - The time until acquired entities and businesses will be integrated and accretive to income; and - Technology and industry trends including the regulatory and standardization environment in which we operate, competition and customer structure. The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," "potential," "target," "might," "continue," or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Risks and uncertainties to which our forward-looking statements are subject include, without limitation: (1) the ability to successfully manage global financial risks, including foreign currency fluctuations, currency exchange or pricing controls and localized volatility; (2) the ability to successfully manage local, regional or global economic volatility, including reduced market growth rates, and to generate sufficient income and cash flow to allow the Company to affect the expected share repurchases and dividend payments; (3) the ability to manage disruptions in credit markets or changes to our credit rating; (4) the ability to maintain key manufacturing and supply arrangements (including execution of supply chain optimizations, and sole supplier and sole manufacturing plant arrangements) and to manage disruption of business due to factors outside of our control, such as natural disasters and acts of war or terrorism; (5) the ability to successfully manage cost fluctuations and pressures, including prices of commodity and raw materials, and costs of labor, transportation, energy, pension and healthcare; (6) the ability to stay on the leading edge of innovation, obtain necessary intellectual property protections and successfully respond to changing consumer habits and technological advances attained by, and patents granted to, competitors; (7) the ability to compete with our local and global competitors in new and existing sales channels, including by successfully responding to competitive factors such as prices, promotional incentives and trade terms for products; (8) the ability to manage and maintain key customer relationships; (9) the ability to protect our reputation and brand equity by successfully managing real or perceived issues, including concerns about safety, quality, ingredients, efficacy or similar matters that may arise; (10) the ability to successfully manage the financial, legal, reputational and operational risk associated with third party relationships, such as our suppliers, distributors, contractors and external business partners; (11) the ability to rely on and maintain key company and third party information technology systems, networks and services, and maintain the security and functionality of such systems, networks and services and the data contained therein; (12) the ability to successfully manage uncertainties related to changing political conditions (including the United Kingdom's decision to leave the European Union) and potential implications such as exchange rate fluctuations and market contraction; (13) the ability to successfully manage regulatory and legal requirements and matters (including, without limitation, those laws and regulations involving product liability, intellectual property, antitrust, privacy, tax, environmental, and accounting and financial reporting) and to resolve pending matters within current estimates; (14) the ability to manage changes in applicable tax laws and regulations including maintaining our intended tax treatment of divestiture transactions; (15) the ability to successfully manage our ongoing acquisition, divestiture and joint venture activities, in each case to achieve the Company's overall business strategy and financial objectives, without impacting the delivery of base business objectives; and (16) the ability to successfully achieve productivity improvements and cost savings and manage ongoing organizational changes, while successfully identifying, developing and retaining key employees, including in key growth markets where the availability of skilled or experienced employees may be limited. For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to our most recent Annual and Sustainability Report for a better understanding of these risks and uncertainties. Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described above and in the section Risk factors in the most recent Annual and Sustainability Report and in our quarterly reports. These forward-looking statements also represent our estimates and assumptions only as of the date that they were made and are not to be seen as projections or earnings guidance. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this presentation, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any of our securities. essity#105Investor Relations Contacts Johan Karlsson +46 8 788 51 30 [email protected] Sandra Åberg +46 8 788 51 70 [email protected] Janet Östergren +46 8 788 51 63 [email protected]