#1e essity es ees es Interim Report Quarter 3, 2023 Actimove® SPORTS EDITION Knee Brace Adjustable Horseshoe Simple Hinges Condyle Pads RODILLERA ENVOLVENTE ARTICULADA Almohadilla rotuliana ajustable y bisagras monocéntricas, almohadillas para los cóndilos JOELHEIRA ENVOLVENTE Almofada ajustavel para a panela, articulações simples e almofadas para proteção dos côndilos ATTELLE DE GENOU ARTICULÉE Insert rotullen réglabe. articulation simple et coussins condylions COOLMAX G#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 Interim Report Q3 2023 NEU Das 1, mit Stroh-Anteil Zewa Ultra Soft Mit extra welchen Wohnlagen TORK Better for you. Better for the planet NEW Thank you, NOUVEAU 4 Cushelle Quilted RE 2xsbeless Lotus Doncens Naturelle 0 1 AM NAM COUCHES 6 0% 20 Libero touch 1 Leuned E Leukomed TENA smartcare IDENTIFI WHA TENA Libero touch MO TENA MEN WASHABLE smartcare CHANGE INDICATOR Libero touch A DIAR Leuko Leukop Leukoplast TORK#3de For everybody and every body Every day our brands care for the hygiene and health of a billion people across 150 countries. Libero TORK e essity es ees e9 JOBST ΤΕΝΑ Libresse Leukoplast#4Three Attractive Business Areas Leukoplast Health & Medical Holistic health and medical solutions along the continuum of care essity Interim Report Q3 2023 Consumer Goods Personal and home hygiene for all stages of life Professional Hygiene Hygiene management solutions for a broad set of commercial applications October 26, 2023 4#5Key Highlights Q3 2023 Strong profitable growth with significant improvement in all business areas Progress on key priorities 2023 On path to deliver on our financial targets Strategic review progressing according to plan essity Interim Report Q3 2023 October 26, 2023 5#6Financial Summary Q3 2023 vs Q3 2022 Net Sales e9 ees e9 SEK 43,516m +8.5% Adjusted EBITA Margin²) 12.2% +470bps Sales Growth 1) +4.6% Organic: +3.8% Adjusted ROCE²) 14.6% +620bps 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 Interim Report Q3 2023 Adjusted EBITA²) SEK 5,313m +78% Adjusted Earnings per Share ³) SEK 4.90 74% MOVE FEARLESS DISCOVER NEXT-LEVEL COMFORT WITH OUR MOST ADAPTIVE LINERS NEW Libresse ADAPTIVE TECHNOLOGY COUR- dailies V-Protection & Freshness#7Strong Sales Growth 40,109 ee9 es Net Sales Q3 2022 (SEKm) 1) Including organic sales growth and acquisitions essity -3.1% Volume Interim Report Q3 2023 +6.9% Price/Mix Sales Growth ¹) +4.6% +0.8% Acquisitions Reported Growth: +8.5% incl Divestments -2% Currency +5.9% 43,516 Net Sales Q3 2023 (SEKm) Restructuring in Professional Hygiene and deliberate exits of contracts with insufficient profitability in Incontinence Products Health Care and Baby Care had a negative impact on volumes growth with approx. 2% Higher prices +5.9% Better mix +1% High growth in Knix October 26, 2023 7#8Higher Adjusted EBITA Margin 7.5% Adjusted EBITA Margin ¹) Q3 2022 1) Excluding items affecting comparability essity ee9 es +630bps + Higher prices + Better mix Impact Gross Profit Margin +470bps + Cost savings + Lower costs for raw materials, energy and distribution - Lower volumes - Salary inflation Interim Report Q3 2023 -20bps A&P -140bps SG&A (excl A&P) 12.2% Adjusted EBITA Margin ¹) Q3 2023 Adjusted EBITA margin growth driven by higher prices, better mix and cost savings as well as lower costs for raw material, energy and distribution A&P higher due to marketing investments SG&A higher due to salary inflation October 26, 2023 8#9Strong Development of Sales and Profits Net Sales and Sales Growth ¹) Sales Growth, % Q over last year's Q 43,930 Net Sales, SEKm e9 ee9 es 40,109 43,834 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability 42,926 +17.3% +16.0% +17.2% +8.7% +4.6% 43,516 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 essity Interim Report Q3 2023 Adjusted EBITA, SEKM 2,990 Adjusted EBITA and EBITA margin 2) 7.5% 4,084 9.3% 4,358 10.2% Adjusted EBITA Margin, % 5,313 4,701 10.7% Q3 2022 Q4 2022 Q1 2023 Q2 2023 12.2% Q3 2023 October 26, 2023 9#10Leukoplast Health & Medical es ees eg essity Actimove ΤΕΝΑ Leukoplast JOBST Actimove® AquaCast LINER Cutimed Hydrofera Delta-CastⓇ#11Health & Medical - Strong Sales Growth and Margin Development 6,544 Net Sales Q3 2022 (SEKm) e9 ee9 es -3.3% Volume Price/Mix +9.1% 7,305 Sales Growth ¹) +5.8% 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability Reported Growth: +11.6% incl Divestment -1.2% Currency +7.0% essity Interim Report Q3 2023 Net Sales Q3 2023 (SEKm) SEK 1,190m +77% 16.3% +600bps Adjusted EBITA²) Adjusted EBITA Margin2) Incontinence Products Health Care +5.2% Lower volumes related to exits of contracts with inadequate profitability Medical Solutions +6.6% Strong growth in Wound Care and Compression Therapy Significantly higher adjusted EBITA and adjusted EBITA margin Higher prices and better mix • Cost savings • Lower costs for raw materials, ● energy and distribution Higher SG&A ● ● October 26, 2023 11#12B Consumer KEY Goods ees 09 essity Libresse DUO PACK 2 x Libresse ΤΕΝΑ Libero Lotus Baby Libresse Saba Bodyform TOM. ORGANIC knix Modibodi Lotus Zewa Vinda 维达 Ⓡ Jempo#13Consumer Goods - Strong Growth in High Margin Categories 23,825 -2.1% Net Sales Q3 2022 (SEKm) Volume e9 ee9 es +4.6% 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability Price/Mix Sales Growth ¹) +3.8% Acquisitions +1.3% 25,559 Reported Growth: +7.3% incl Divestments -2.5% Currency +6.0% essity Interim Report Q3 2023 Net Sales Q3 2023 (SEKm) SEK 2,552m +75% 10.0% +390bps Adjusted EBITA²) Adjusted EBITA Margin²) Incontinence Products Retail +14.9% & Feminine Care +9.1% Higher volumes, higher prices and better mix Baby Care -5.6% & Consumer Tissue +0.6% Focus on profitable growth and margins Significantly higher adjusted EBITA and adjusted EBITA margin Higher prices and better mix • Cost savings • Lower costs for raw materials, energy and distribution • Higher SG&A ● October 26, 2023 13#14Professional Hygiene es ees eg essity TORK Think ahead.#15Professional Hygiene - Good Top-line Growth and Significant Margin Improvement 9,733 Net Sales Q3 2022 (SEKm) e9 ee9 es -5.4% Volumes 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability +10.9% Sales Growth ¹) +5.5% Reported Growth: +9.3% incl Divestment -1.1% Currency +4.9% essity Interim Report Q3 2023 Price/Mix 10,634 Net Sales Q3 2023 (SEKm) SEK 1,895m +73% Adjusted EBITA²) 17.8% Adjusted EBITA +650bps Margin²) Lower volumes due to focus on profitable growth and restructuring in USA and Europe Significantly higher adjusted EBITA and adjusted EBITA margin Higher prices and better mix • Cost savings • Lower costs for raw materials, energy and distribution Higher SG&A ● October 26, 2023 15#16Progress on Key Priorities P Innovation & Brands Price Management +5.9% in Price Strong price effect this quarter while still successfully protecting our #1 and #2 positions essity Interim Report Q3 2023 +1% in Mix Growth in high margin product segments and important product launches This quarter, products were launched under the brands TENA, JOBST, Actimove, Tempo and Plenty ΤΕΝΑ Jempo Plenty JOBST Actimove Cost Efficiency SEK 224m generated from cost savings in Q3 Examples: Raw material rationalization • Fiber mix Sourcing negotiations E-save −7- Growth in Fastest Growing Categories and Channels Inco Retail +15% Feminine Care +9% Knix +15% Compression +12% Hydrofera +20% E-commerce 14% of net sales Q3 2023 0 Leading in Sustainability Q3 initiatives: Recycled waste as raw material in Hondouville, France Green electricity generation in Suameer, Netherlands Full list of ESG targets and initiatives on website October 26, 2023 16#17Value Creating Innovations for Customers and Consumers INCONTINENCE PRODUCTS HEALTH CARE TENA PAGERAN M TENAⓇ ++ Supports convenient and effective continente ΤΕΝΑ smartcare IDENTIFI™ sensor wear flex essity 12x TENA SmartCare Identifi ™ TM Sensor Wear Flex Interim Report Q3 2023 JOBST OPAQUE Medical Compression Stockings Conceal 31/ ch MEDICAL SOLUTIONS JOBST/ JOBST Ultra Sheer and JOBST Opaque JOBSTⓇ Confidence Actimove® Actimove Knee Brace Almohadilaruana monona mohadas para para a patela amples spa ATTILLE DE condylis Actimove® Sports Edition Plus Sizes CONSUMER TISSUE Jempo 100% Natural Skin Balance Beruhigend Jempo Feuchte Toilettenticher Für Ihre Hautpflege entwickelt Dermatologisch & gynäkologisch getestet Tempo Natural Skin Balance Plenty Sheet Plenty EVERYDAY Affordable Quality 1-116 Plenty® Everyday October 26, 2023 17#18Committed to Net Zero Emissions by 2050 2 Suameer, Netherlands es ees eg essity Science Based Targets -35% By 2030 vs 2016 Scope 1 and 2#19Committed to Net Zero Emissions by 2050 Hondouville, France e9 ees eg essity Science Based Targets -18% 2022 vs 2016 Scope 1 and 2#20Clear Long-term Financial Targets and Capital Allocation Priorities Annual sales growth ¹) Average sales growth +6.6% 2015-9M 2023 ee9 Adjusted return on capital employed ²) Adjusted ROCE has increased from 8.4% Q3 2022 to 14.6% in Q3 2023 1) Including organic sales growth and acquisitions 2) Excluding items affecting comparability essity Interim Report Q3 2023 >5% >17% by 2025 Capital structure Baa1 long-term rating from Moody's and BBB+ from S&P Dividend Dividend policy aiming for stable and rising dividends Dividend +26% 2018-2022 Maintain solid investment grade rating Long-term stable and rising dividends October 26, 2023 20#21Back To Strong Sales and Profit Trajectory Adjusted EBITA ¹) SEKbn 88.0 ee9 2014 Sales Growth 2) 98.5 101.2 essity 109.3 1) Excluding items affecting comparability 2) Including organic sales growth and acquisitions Net Sales 118.5 Interim Report Q3 2023 129.0 121.8 121.9 156.2 +6% +6% +7.5% +5.0% +4.5% -1.8% +4.5% +17.7% +9.8% Q3 2023 2015 2016 2017 2018 2019 2020 2021 2022 9M 2023 Q2 2023 Q1 2023 SEKbn 9.5 2014 10.6 12.0 13.4 12.9 15.8 2015 2016 2017 2018 2019 17.6 13.7 2020 2021 Adjusted EBITA Margin ¹)10.8 % 10.8% 11.8% 12.3% 10.9% 12.3% 14.5% 11.2% 13.1 8.4% Q3 2023 Q2 2023 Q1 2023 2022 9M 2023 11.0% October 26, 2023 21#22Roadmap to Adjusted ROCE >17% ILLUSTRATIVE 8.4% 11.4% 12.7% 13.2% essity Interim Report Q3 2023 14.6% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 New Growth Initiatives Structural Efficiencies Commercial Excellence >17% 2025 Commercial Excellence Innovation & brand building Sustainable solutions. Market share gains Price management Profitable growth Structural Efficiencies Efficiency Service excellence Digitalization SG&A Continuous improvement New Growth Initiatives Adjacent categories New digital models. Expand into new categories October 26, 2023 22#23M P YATEC & TORK ΤΕΝΑ AZ 1PPS essity Leukoplast JOBST Actimove Jempo Zewa 6 Lotus Vida WELCOME to Essity's webcast Innovating for Profitable and Sustainable Growth November 27, 15:00 - 16:30 CET Libero es ees es Libresse essity Saba Nosotras TOM knix modibodi ORGANIC#24Q&A e9 ees eg NI essity Actimove® SPORTS EDITION Knee Brace Adjustable Horseshoe Simple Hinges Condyle Pads RODILLERA ENVOLVENTE Almohadilla rotuliana ARTICULADA ajustable y bisagras monocéntricas, almohadillas para los cóndilos JOELHEIRA ENVOLVENTE Almofada ajustavel para a patela, articulações simples e almofadas para proteção dos côndilos ATTELLE DE GENOU ARTICULÉE Insert rotulien réglabe. articulation simple et coussins condyliens COOLMAX#25e9 ees es essity