#1Half-year Report 2023 Magnus Groth President and CEO Fredrik Rystedt CFO and Executive Vice President Johan Karlsson Vice President Investor Relations eg ees es essity TORK NO BLOOD SHOULD HOLD US BACK UPV S LIVE FEARLESS Libress E Libresse#2This presentation may contain forward-looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively affect our business. Please read our most recent annual and sustainability report for a better understanding of these risks and uncertainties. essity Half-year Report 2023 NEU Das 1. mit Stroh-Anteil Zewa Ultra Soft Mit extra welchen Wohlfühllagen TORK STOPY Better for you. Better for the planet NEW Thank you, S NOUVEAU 4t Moram 4 Cushelle Quilted 2xs beless Stolus • lotus Baby 造 冷岸 COUCHES 70% 6 W Douceur Naturelle 8 1 12 20 Libero touch 1 @ 19 Inkaged Leukomed P Ved plant Leukomed ki senatum N Nosotras LK 12. TENA smartcare IDENTIFI del productenregistreur MARSSON Libero ΤΕΝΑ touch HIR +2=7 MEN WASHABLE PROTECTIVE BOSER smartcare CHANGE INDICATOR ROMT Spas IDENTI Libero touch Leuko ed Leukop Leukoplast TORK#3Key Achievements Q2 2023 High sales growth and significant earnings improvement ▪ Exited Russia ■ Strategic Review progressing according to plan ▪ Sustainable innovations for increased well-being ▪ Progress towards ROCE target essity Half-year Report 2023 Cutimed Sorbon Carbon#4Summary Q2 2023 vs Q2 2022 ▪ Sales growth of +8.7% Price/mix +11.0% Volumes -3.6% - Acquisitions +1.3% ▪ Adjusted EBITA +49% Adjusted EBITA margin increased to 10.7% Excluding businesses under strategic review 12.5% ■ - 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability 3) Excluding items affecting comparability and amortization of acquisition-related intangible assets essity ee9 es Half-year Report 2023 Net Sales SEK 43,930m +16% Adjusted EBITA Margin²) 10.7% +240bps Sales Growth 1) +8.7% Organic: +7.4% Adjusted ROCE2) 13.2% +360bps Adjusted EBITA²) SEK 4,701m +49% Adjusted Earnings per Share ³) SEK 4.33 46% July 20,2023 4#5Adjusted EBITA Margin Q2 2023 vs Q2 2022 1) Excluding items affecting comparability essity ee9 es 8.3% Adjusted EBITA Margin¹) Q2 2022 Half-year Report 2023 +220bps + Higher prices + Better mix + Cost savings Raw materials and energy -490bps Lower volumes Salary inflation Impact Gross Profit Margin +240bps -30bps A&P +50bps SG&A (excl A&P) 10.7% Adjusted EBITA Margin¹) Q2 2023 July 20,2023 5#6Quarterly Development Sales and Profitability SEKM e9 ee9 es Net Sales and Sales Growth¹) 37,929 +20.6% Q2 2022 40,109 +17.3% Q3 2022 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Half-year Report 2023 43,834 +16.0% Q4 2022 ■Net Sales, SEKm 42,926 +17.2% Q1 2023 Sales Growth, % 43,930 +8.7% Q2 2023 SEKM Adjusted EBITA and EBITA margin²) 3,158 8.3% Q2 2022 2,990 7.5% Q3 2022 Adjusted EBITA, SEKM 4,084 9.3% Q4 2022 4,358 10.2% 4,701 10.7% Q1 2023 -Adjusted EBITA margin, % Q2 2023 July 20,2023 6#7Exit of Russia Essity exited Russia on July 17, 2023 ▪ Work began in April 2022 to exit the Russian market Russia accounted for about 2% of Group net sales in 2022 ▪ Purchase price of approximately SEK 1.2bn on a cash and debt-free basis ▪ Earnings impact of approx. SEK -0.5bn - Including accumulated exchange rate differences - Will be reported as an item affecting comparability in the third quarter of 2023 essity Half-year Report 2023 July 20,2023 7#8Efficiency Improvements Energy Savings Material Rationalization Sourcing Waste Reduction essity Half-year Report 2023 Footprint Optimization and Production Efficiency Integrated Supply Chain SG&A July 20,2023 8#9Innovations Q2 2023 Libresse TORK The Tork Period Care dispenser - Combining the strength of two market leading brands B TORK NO BLOOD SHOULD HOLD US BACK help help yo ALIVEFEARLESS Ubeste BUD TORK#10Innovations Q2 2023 Saba V-eco Reusable ™ period pads essity Nosotras Saba -V- eco reusable™ REUTILIZABLES FLUJO MODERADO MATERIALES RESPIRABLES A BASE DE PLANTAS* 12 HORAS (PROTECCIÓN 25+ LAVADAS MATERIAL DE LARGA DURACION 70% LESS WASTE* SAME SABA PROTECTION BUY NOW "compared to the usage of 50 disposable towels#11Leukoplast Health & Medical fessity Actimove WABOG TENAⓇ Leukoplast JOBST Actimove® Aqua Cast LINER Cutimed Hydrofera Delta-CastⓇ#12Health & Medical Q2 2023 vs Q2 2022 ■ ▪ Lower volumes in Incontinence Products related to exits of contracts with inadequate profitability ■ Strong organic sales growth with higher prices e9 ee9 es Significant improvement in adjusted EBITA and adjusted EBITA margin Higher prices and better mix Cost savings Significant cost inflation - - 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Half-year Report 2023 Net Sales SEK 7,051m +15% -3.5% Volume +11.5% Price/ Mix % Net Sales: Sales Growth¹) +8.0% Organic: +8.0% +7.1% Adjusted EBITA²) Organic Sales Growth SEK 943m +40% 79% +11.4% Mature Emerging Markets Markets 21% Adjusted EBITA Margin²) 13.4% +240bps +10.1% 59% +5.1% Incontinence Medical Solutions Products Health Care 41% July 20,2023 12#13MINERALS 20 TENA essity HARLA Consumer Goods 14 Libresse DUO PACK 2 & 32 Libresse TENAⓇ Libero Lotus Baby Libresse Saba Bodyform ΤΟΜ. ORGANIC knix modibodi Lotus Zewa Vinda 维达 Ⓡ Jempo#14Consumer Goods Q2 2023 vs Q2 2022 Strong organic sales growth with higher prices Lower volumes related to prioritization of profitability Baby Care impacted by exit from Latin America and contract in Europe Significant improvement in adjusted EBITA and EBITA margin Higher prices and better mix Cost savings ▪ Significant cost inflation ■ ■ ■ - e9 ee9 es - 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Half-year Report 2023 SEK 26,344m +15% -3.0% Net Sales Volume +8.8% Price/ Mix % Net Sales: Sales Growth¹) +8.0% Organic: +5.8% +3.7% Organic Sales Growth +7.8% Mature Emerging Markets Markets 51% Adjusted EBITA²) 49% SEK 2,493m +34% +13.7% 11% Adjusted EBITA Margin²) +10.5% Incon- Feminine tinence Care Products Retail 14% 9.5% +140bps -1.8% Baby Care 8% +4.8% Consumer Tissue 67% July 20,2023 14#15Professional Hygiene es ees es essity TORK Think ahead.#16Professional Hygiene Q2 2023 vs Q2 2022 Strong organic sales growth with higher prices ▪ Lower volumes related to prioritization of profitability ■ Restructuring measures in Europe Significant improvement in adjusted EBITA and EBITA margin Higher prices and better mix Significant cost inflation ▪ Restructuring in the US during Q3 I 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability e9 ee9 es essity Half-year Report 2023 Net Sales SEK 10,539m +20% -5.0% Volume Sales Growth¹) +11.2% Organic: +11.2% +16.2% Adjusted EBITA²) Organic Sales Growth Price/Mix SEK 1,594m +74% +11.7% % Net Sales: Mature Markets 81% Adjusted EBITA Margin²) 15.1% +470bps +13.9% Emerging Markets 19% July 20,2023 16#17Road to ROCE Target Adjusted return on capital employed >17% by 2025 13.2% Q2 2023 Price Manage- ment essity Half-year Report 2023 Y Innovation & Brands Leading in fastest growing channels Prioritized Growth Areas 0 Sustainable Solutions & Net Zero Efficiency & Service Excellence V Essity - A global, leading hygiene and health company 208 Winning with People and Culture >17% 2025 July 20,2023 17#184 Q&A BETHL lotus COUCHEE NEW Plenty B 17 20 Tubeless 420 Cushell essity ... Libresse Tamk O Saba Saba MA TENA smartcare 000 ANKE DANKE Thank you, TENA Smartcore IDENTIFI PRO Pants St PLA TENA Shoutle TENA Libresse TENA TEN MEN TONY BRIEF discreet altra 18 x20 al 18) t Regio USO RUD Nana Libero puch 1 DEMAKU Saba Cutimed Sorbion Border Cutimed Sorbien Bender Modibodi Actimove HEU Das 1, mit Stroh-Anteil Zewa Ultra Soft SENSITIVE TORK Hry-buy familia expert ero Bodyform 22 ATENA MEN WASHABLE $7.04 TENA MEN Leukomed Actimove C Leukomed 12 ARXI Libero touch MO Thank you, MODER 2X5 Libero C touch pod JOBST Stok JOBST SHEER PROSkin Flex L MAX issuiva issuu TENA Libra Ex Protect TENA Stylish NEW TOM Cushelle Prs & Con Aqua Cast LINER SERCO#19es ees es essity