#1es ees es essity 2021 Magnus Groth President and CEO#2Everyday Priorities Care for Our People essity Essity 2021 Contribute to Society Secure Business Success 2#3Highlights 2021 ■ ▪ Significant cost savings ▪ High innovation pace E-commerce 14% of sales, corresponding to SEK 17bn ▪ Increased market shares Leading in sustainability with roadmap to Net Zero 2050 Digital transformation in all areas ■ Continued transformation including six acquisitions and creation of Consumer Tissue Private Label Europe division Price increases implemented and further increases in 2022 ■ essity Essity 2021 3 55 Actimove Vaness#4Figures 2021 121,867 13,680 150 46,000 1) Excluding items affecting comparability essity ee9 es Essity 2021 Net sales SEKM Adjusted EBITA 1) SEKM Sales in countries approximately Employees approximately BIG PACK TENA 183501 TORK Heavy Duty 50 OK Origine JOBST TORK Liquid Door Control 424011 $4 Leuicoplast NEU MIT 25% BAMBUS 93 01 50 Ⓒrv Mast Jibero Up&Go Jempo ECO MIT APYRAMINE 00 Libresse Ⓒ se Rhizo Forte JOBST MATERNITY OPAQUE UEVO 20 Actimove 18 Plenty MAX BIG ONE 18+6OFFERTS 18+ TEMA BOULAGE Lotus Moltone Extra Suave & Resistente DIS Regio Sans Tube 2x plus long Ⓒ 3 PETERIATE Med 4111 24 PE 20 WN Stre TORK Medical Type PRESkin 40 ROLLOS tatt DA BEH Face Mask Aloe Vera 900 TENA Schrif Culottes xensties Night Jessit 12 00 05 Dresse V-Cup TENA MEN WASHABLE PROTECTIVE BOXER 16 Libero 1 PEN DIAPERL Stylish BLACK NOR TENA S/M P/MM MARMALE 0400000 €13 Saba Okay SANS TUBE 3x plus long P NEW! NOUVEAU ID= 0 22-10 JOBST JOBS ULTRA SHEER OPAQUE 47 P#5Financial Targets and Policies Annual sales growth ¹) ee9 es Adjusted return on capital employed²) 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Essity 2021 Target >5% >17% by 2025 Capital structure Dividend MEN JUST JOUSTA familia Cushelle Policy Maintain a solid investment grade rating Long-term stable and rising dividends Okay 8+6OFFERTS Lotus Moltonel 13 ATIN MAX Drypers Regio Clean&Care TOM 5#6Development of Sales and Profitability SEKbn 88.0 eeg e9 2014 98.5 Sales Growth ²) +6% Organic Net Sales ³) +6% 101.2 Net Sales CAGR ¹) 4.8% 109.3 2015 2016 2017 +6% +7.5% +3% +1.2% 1) Compound Annual Growth Rate 2) Including organic sales growth and acquisitions 3) Net sales excluding exchange rate effects, acquisitions and divestments 4) Excluding items affecting comparability essity Essity 2021 118.5 Average Annual Increase of SEK 4.8bn 2018 129.0 +5.0% +2.6% 121.8 121.9 2019 2020 2021 +4.5% -1.8% +4.5% +4.5% -1.9% +3.3% SEKbn 9.5 2014 Adjusted EBITA Margin4) 10.8% 10.6 Adjusted EBITA 4) 12.0 CAGR ¹) 5.4% 13.4 12.9 15.8 Average Annual Increase of SEK 0.6bn 17.6 13.7 2015 2016 2017 2018 2019 2020 2021 10.8% 11.8% 12.3% 10.9% 12.3% 14.5% 11.2% 6#7Dividend 1) Board of Directors Proposal e9 ee9 es Proposed Dividend1) essity Essity 2021 SEK 7.00 +4% 5.75 2018 6.25 6.75 Dividend Growth+22% 2019 2020 7.00¹) 2021 7#8Strategic Priorities Continuing the transformation journey essity Essity 2021 Winning with people and culture Innovating Leading Brands Accelerating Digitalization Leading in Sustainability Efficiency in everything we do Growing in Emerging Markets 8#9Value Creating Acquisitions familia AquaCast LINER essity asaleo care COACH. ZONAS | ELASTIKON ● Legacy Essity 2021 abigo Hydrofera 9#10Innovations 2021 TORK 119 NEUE MALHA 570475 Zewa rt essity Essity 2021 D Lotus bewährt FORK 121 Jemp Zewa Dyma Zewd Provi Senatis TORK FUC Roskin SXL Night Pods TENA Libero 405 Zewa Ded ⠀ BO Libero I P DERMACare E Toalhas Umedecidos 40 TORK SOA BIG PACK TORK Origin TORK JOBST A 190 libero Up&Go Jempo 138 00 CO JOBST NEVO Actimove 18+6OFFERTS 18+6 Lotus Moltone Sans T Extra Suave & Resistente Plenty MAX BIG ONE Regio Sube Ⓒ 23- TORK 40 ROLLOS 900 TENA pecabi Suretch Night Card TENA MEN WASHABLE P NIT Libero 71 Stylish S/M P/M TENA Okay SANS TUBE Expl NOUVEAU SHEER JOBS 1:=1 #13 O 8 D-D lights JOBST timates CHA OPAQUE TERASE HOYENNE 560000 TORK Libero Comfort CANOPONOP TENA TENA CALLINNA ABSORVENTE LAVAVEL 8 0 10#11Sustainable Innovations Libresse SIZE S V.Cup FREE OF LATEX AND DYES essity 12h; *** 1 TRANSPARENT MENSTRUAL CUP Essity 2021 FREEDOM AND PROTECTION TENA PROTECTS ΤΕΝΑ Silhouette WASHABLE ABSORBENT UNDE CULOTTE LAVABLE WASCHBARE UNTERWÄSCHE HIPSTER X1 TAILLE BASSE SO m 40% AR SECUR DRY 3x ODON CONTROL ΤΕΝΑ PROTECT MEN WASHABLE ΤΕΝΑ PROTECTIVE BOXER SECURE FOR DRIPS & DRIBBLES 40° BOXER ABSORPTION ZONE TORK Microfiber Re-usable Cleaning Cloth Yellow HO DE T LE To P PRAD T NO T T Mo ung O Low List Excetont Diry Washable Dust Removal 300 Times ter me Ton es is dit ku pinta BOLERO MP To 000 Cha Toreda Turkness ba Tor For comption P14 P 18 36 01 Na 6 Wipers 30,5x30,5cm #essity Manufactured for City Han S40000 Geo and th Ving Mindan 2.M Made in Bangladesh www.forkglobal.com 7 322541 265766 11#12Increased Market Shares Position #1 or #2 -90% of branded sales essity Essity 2021 Increased Market Shares -70% of branded sales in retail TORK TOM ORGANIC Vi Vinda 维达 Libresse Leukoplast® TENA Zewa Saba Libero Nosotras Jempo Lotus JOBST Actimove® 12#13Accelerating Digitalization 4 al 914 intima $7839 C 1.0 danh họ trong Mari IKAN NEVE WASCHBASE PERIODENPANTIES EINKAUFEN Customer & Consumer Interaction essity Essity 2021 B 4 H E-commerce Digital Solutions ess Digitalization in Operations Data Analytics & Capabilities 13#14Leading in Sustainability Science-Based Targets, Scope 1 and 2 Science-Based Targets, Scope 3 essity Essity 2021 Target Outcome 2021 -35% by 2030 -18% by 2030 -15% 2020 -9% Initiatives and Recognitions BUSINESS 1.5°C AMBITION C Holy Grail 2.0 Intelligent Sorting Driven by AIMⓇ SCH MELHOR Powered by ALLIANCE TO END PLASTIC WASTE CDP DISCLOSURE INSIGHT ACTION A LIST 2021 The Consumer Goods FORUM FT LEADER IN DIVERSITY FINANCIAL TIMES statista 2022 14#15Growing in Emerging Markets Share of Net Sales 36% Share of Adjusted EBITA¹) 22% e9 ee9 es 2015 1) Excluding items affecting comparability essity Essity 2021 Adjusted EBITA Margin¹) 2016 2017 -Emerging Markets 2018 2019 Mature Markets 2020 38% 36% Group 11.5% 11.2% 10.5% 2021#16Improving Efficiency ■ Cost savings 2019-2021 of SEK 2.8bn Manufacturing Roadmap Annual cost savings 2021-2025: SEK 0.5bn-1bn ▪ SG&A ■ Cost culture and continuous improvement essity Essity 2021 192#17New Business Areas Health & Medical Leukoplast C Actimove Incontinence Products Health Care Wound Care Compression Therapy Orthopedics essity Essity 2021 Men Consumer Goods 469 Res 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 17#18Global Market Positions Health & Medical e9 ee9 es Incontinence Products #1 Compression Therapy #1 Orthopedics Wound Care TENAⓇ JOBST Leukoplast Actimove #3 #6 CutimedⓇ Delta-CastⓇ Consumer Goods Incontinence Products #2 Consumer Tissue Feminine Care Baby Care ΤΕΝΑ N Vinda 维达 Libresse Jempo #2 6 Lotus #5 #5 Saba TOM ORGANIC 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 Essity 2021 18#19Net Sales Split 20211) 1) Proforma ee9 es By Business Area and Category Professional Hygiene, 22% essity Incontinence Products Retail, 6% Essity 2021 Baby Care, 7% Feminine Care, 7% Incontinence Products Health Care, 11% Consumer Tissue Private Label Europe, 6% Medical Solutions 7% Consumer Tissue, 34% Consumer Goods, 60% Health & Medical, 18% North America, 12% Latin America, 13% Asia, 18% By Geography Other, 3% Europe, 54% 19#202022 Priorities ■ Price increases ■ Cost savings ▪ Innovation, digitalization and sustainability ■ Continued transformation with grow th in high return businesses, organically and through acquisitions essity Essity 2021 O TOM ORGANIC HYPOALLERGENIC EGENTLE ON SENSITIVE SKIN BREAD MATERNITY PADS WITH ORGANIC COTTON GABLE ORGANIC COTTON TAMPONS TOM ORGANIC 100% ORGANIC COTTON NOTHING ELSE. ULTRA THIN LINERS WITH ORGANIC COTTON TOM 6000 M ERGENIC TOM ORGANIC THE PERIOD BRIEF 26 PACK CONSCIOUS PERIOD CARE at the ans the bath and 16 16 ORGANIC COTTON TAMPONS 10 TOMS ORGANIC 100% ORGANIC COTTON, NOTHING ELSE ORGANIC COTTON TAMPONS SUPER PADS WITH WINGS TOM ORGANIC MADE WITH ORGANIC COTTON 6460 6006 REATHARY T DEGULAS ULTRA THIN WITH ORGANI TO ORGA BIODEGRADABLE H THE 100% MEDICAL#21Forward-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 serv ces 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," "estim ate," "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 Essity 2021 21#22e9 ees es essity