#1Welcome to the Presentation of Essity's Half-year Report 2022 Magnus Groth President and CEO essity Half-year Report 2022 Fredrik Rystedt CFO and Executive Vice President Joanna Griffiths Founder and CEO Knix Wear Inc. Joséphine Edwall- Björklund Senior Vice President Communications July 21, 2022 1#2es ees e9 essity Half-year Report 2022 0#3ee9 e9 pers tens essity MEN JOBST JOBSTA Half-year Report 2022 familia MEY Cushelle Ukra Okay 18+6OFFERTS Lotus Moltonel 13 MAX 38-400 Drypers Regio Clean & Care This 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. July 21, 2022 3#4Summary Q2 2022 Strong sales growth with significant price increases and higher volumes Sequential EBITA improvement ■ Continued severe cost inflation ▪ Successful investments in innovation and brands ▪ Online sales increased 25% to 15% of sales Acquisitions of Knix and Modibodi - leading Leakproof Apparel companies ■ I essity Half-year Report 2022#5Financials Q2 2022 vs Q2 2021 Net Sales e9 ee9 e9 SEK 37,929m +30.9% Operating Cash Flow SEK 1,787m -9% Sales Growth (Organic & Acquisitions) ¹) 1) Net sales which excludes exchange rate effects and divestments 2) Excluding items affecting comparability 3) Excluding items affecting comparability and amortization of acquisition-related intangible assets essity Half-year Report 2022 +20.6% Organic: +17.8% Adjusted Earnings per Share ³) SEK 2.97 +3% Adjusted EBITA ²) SEK 3,158m -7% Adjusted ROCE²) 9.6% -280bps Adjusted EBITA Margin 2) 8.3% -350bps Adjusted ROE2) 11.5% -200bps July 21, 2022 5#6Adjusted EBITA Margin Q2 2022 vs Q2 2021 1) Excluding items affecting comparability essity ee9 es 11.8% Adjusted EBITA Margin ¹) Q2 2021 Half-year Report 2022 -510bps + Higher prices, better mix and higher volumes - Raw materials, energy and distribution - 1,280bps Impact Gross Profit Margin -350bps +110bps A&P +50bps SG&A (excl A&P) 8.3% Adjusted EBITA Margin¹) Q2 2022 July 21, 2022 6#7Innovating for Increased Well-being es ees e9 TENA PROTECTS ΤΕΝΑ Silhouette WASHABLE ABSORBENT UNDERW CULOTTE ABSORBANTE LAVA WASCHBARE SAUGFÄHIGE UNTERV FOR LIGHT Fol WASH+ LEAKS REUSE CLASSIC X1 MO BEIGE essity Thank you, FOR SHOPPING OUR MOST COMFORTABLE AND SAFEST PERIOD PROTECTION! POWERFULLY PROTECTIVE PERIOD PANTS TO WASH AND REUSE Vielen Dank, dass Sie unseren beamten und schenter Podenschaut haber Perioden Pontes mit Poormones Merci, davor chete noe protection metal o plin confortable et plus e Curede menstruelle tra performance a lovere à so Grazie, per aver acquistato la nostra protezione più comodo esouro Murondoe mesthid vera performanti da lavors ekzzone Libresse Bodyfor Nana RE Nuvenia BLACK MODERATE FLOW XS F ΤΕΝΑ PROTECTS PROSkin Flex MAXI ΤΕΝΑ COMFIStretch POTECT OPEN WITH FingerLift- Feel Dry ADVANCED ΤΕΝΑ PROTECTS ΤΕΝΑ lights SENSITIVE SKIN CARE DESIGN LINERS 0% FRAGRANCES & DYES LIGHT 000 DRY 3x SECURE ODOUR TM NTROL NOUVELLE Nana goodnight ULTRA LARGE AVEC AILETTES FLUX TRES ABONDANT NOUVELLE Technologie Adoptative Nana V-Protection ULTRA RÉGULIER PLUS AVEC AILETTES FLUX MODERE COURB ZONES DONDONG ABSORPTION CE HOUSTEMENT MAJOWA#8Higher Productivity ■ ■ ■ Operational efficiency improvement Digitalization of processes. ■ Logistics and distribution savings Demand Planning, Warehouse Excellence, Distribution Smart Hubs, Supply Planning Material rationalization ▪ Sourcing savings Savings negatively impacted by significant. cost inflation - essity Half-year Report 2022 e essity#9Health & Medical Q2 2022 vs Q2 2021 ■ ■ ■ Strong organic sales growth Higher volumes, higher prices and better mix Significantly higher costs for raw material, energy and distribution (margin impact: -920bps) ▪ Price increases implemented and further increases during second half 2022 ΤΕΝΑ e9 ees e9 Leukoplast 1) Net sales which excludes exchange rate effects, acquisitions and divestments 2) Excluding items affecting comparability JOBST Actimove essity Half-year Report 2022 Net Sales SEK 6,145m +16.9% 3.9% 4.0% Volume Sales Growth ¹) (Organic & Acquisitions) Price/ Mix % Net Sales: +10.9% Organic: +7.9% 6.0% Adjusted EBITA²) Organic Sales Growth SEK 673m -29% 79% 15.4% Mature Emerging Markets Markets 21% Adjusted EBITA Margin ²) 11.0% -710bps 7.5% 8.5% Incontinence Medical Products Solutions Health Care 58% 42% July 21, 2022 9#10Consumer Goods Q2 2022 vs Q2 2021 ▪ Strong organic sales growth ▪ Higher volumes, higher prices and better mix Significantly higher costs for raw materials, energy and distribution (margin impact: -1,450bps) ■ Significant price increases implemented and further increases during second half 2022 ▪ Acquisitions of Knix and Modibodi Exit of baby diapers in Latin Americal ■ ■ ΤΕΝΑ TOM Libresse Saba Nosotras ORGANIC e9 ees es Libero Lotus Baby Lotus Zewa 1) Net sales which excludes exchange rate effects, acquisitions and divestments 2) Excluding items affecting comparability Jempo essity Half-year Report 2022 Vinda 维达 Net Sales SEK 22,970m +30.7% 1.3% 16.6% Volume Price/ Mix % Net Sales: Sales Growth ¹) (Organic & Acquisitions) +20.0% Organic: +17.9% 19.7% Organic Sales Growth 16.1% Mature Emerging Markets Markets 50% Adjusted EBITA²) 50% SEK 1,861m -5% 12.5% Adjusted EBITA Margin ²) 17.7% 8.1% -310bps 12% 2.1% Incon- Feminine Baby Consumer tinence Care Care Tissue Products Retail 11% 21.6% 9% 68% July 21, 2022 10#11Professional Hygiene Q2 2022 vs Q2 2021 ■ ■ ■ ■ Strong organic sales growth Higher volumes, higher prices and better mix Significantly higher costs for raw materials, energy and distribution (margin impact: -1,060bps) e9 ee9 e9 Significant price increases implemented and further increases during second half 2022 TORK Think ahead. 1) Net sales which excludes exchange rate effects, acquisitions and divestments 2) Excluding items affecting comparability essity Half-year Report 2022 Net Sales SEK 8,811m +43.5% 10.7% Volume Sales Growth ¹) (Organic & Acquisitions) +30.2% Organic: +26.1% 15.4% Adjusted EBITA²) Organic Sales Growth Price/ Mix SEK 916m +29% % Net Sales: 29.6% Mature Markets 82% Adjusted EBITA Margin ²) 10.4% -120bps 15.9% Emerging Markets 18% July 21, 2022 11#12Taking Global Lead in Leakproof Apparel Acquisitions of Knix & Modibodi es ees es essity#13Intimate Hygiene Feminine Care Solutions for women to care for intimate well-being Period Care essity Half-year Report 2022 Daily Intimate Care dailies PureSensi INTIM 12 WIPES pH BALANCE NEW PLASTIC FREE WIPES Libresse 0% dailies V-GENTLE 12 WTIMATE FRAGRANCES FOR A LONG LASTING FEELING OF CLEANLINESS NEW PLASTIC Libresse FREE WIPES MUCCED WETERLAY AY Incontinence Care Solutions absorbing urine and providing care for incontinence related skin issues. For Women TENA PAUTARTY NOIR ΤΕΝΑ Silhouette HIGH WAIST UNDERWEAR For Men FX TENA PROTECTI MEN WASHABLE PROTECTIVE BOXER ΤΕΝΑ SECURE FOR DRIPS & DRIBBLES 40° BOXER ABSORPTION ZONE July 21, 2022 13#14Leakproof Apparel The fastest growing segment within Intimate Hygiene Includes period pants and incontinence underwear ▪ Today ~7% of the Intimate Hygiene market Expected CAGR 2021-2026 above 20% ■ Source: Estimate based on market data compiled by Essity excluding Asia. essity Half-year Report 2022 e9 ees es#15Consumers Shifting To Reusable, Leakproof Apparel es eeg e9 Sustainable essity Comfortable, discreet and reliable Increasing Availability & Awareness#16es ees e9 knix essity#17essity Category Creators Half-year Report 2022 What Began As An Idea Has Become A Category Defining Brand Product Innovators A Brand Movement Seriously. Every Woman Is An Angel. July 21, 2022 knix 17#18knix "We're Redefining Intimates" Leading player in leakproof period and incontinence wear ▪ Assortment of functional intimate apparel and activewear ▪ Bold innovator with strong and trusted brand ▪ Best in class digital capabilities, 98% of sales DTC ■ -30% market share in North America ▪ Sales approximately equally split between US and Canada High gross margins and capital light I essity Half-year Report 2022#19knix Enjoy worry-free protection Period Underwear essity Half-year Report 2022 hb Incontinence Underwear Everyday Use July 21, 2022 19#20By combining performance, our leakproof technology and design, Knix is reinventing products across the intimates category Underwear essity Half-year Report 2022 Maternity Leakproof IP ↓ Swim Active Pads knix July 21, 2022 20#21Teen Kt. BY KNIX Multi-generational: Knix is there for Her Through Every Stage of Life essity Half-year Report 2022 Young Adult Maternity/Postpartum Menopause Later In Life knix July 21, 2022 21#22The Models essity Half-year Report 2022 How Knix Approaches Her: Storytelling First, Selling Second Through Knix's customers the brand is inspiring women everywhere to be comfortable and confident in their skin. They are: The Inspiration The Ambassadors knix July 21, 2022 22#23Knix Transaction ▪ Purchase price: USD 320m (SEK -3.3bn) on a cash and debt free basis for 80% of Knix Wear Inc ▪ Founder and CEO Joanna Griffiths owns remaining 20% High gross margins and capital light ▪ The completion of the transaction is subject to customary regulatory approvals Expected to be finalized second half of 2022 essity Half-year Report 2022 Knix Financials 2021 ■ Net sales: SEK 914m Sales growth: 97% ▪ EBITDA: SEK 95m ▪ EBITA: SEK 92m ▪ EBITA margin: 10.0% ▪ Employees: ~200 July 8, 2022 23#24modibodi ▪ Full portfolio of reusable, sustainable, leakproof apparel utilizing patented Modifier TechnologyTM ▪ Multi-awarded with strong brand and sustainability credentials Strong D2C competency with 95% of sales online ▪ #1 in Australia with market share of ~40% High gross margin enabling high brand investment ▪ Purchase price: AUD 140m (SEK ~985m) on a cash and debt free basis ■ ■ ■ Net sales 2021: SEK ~365m essity Half-year Report 2022 IMPEX#25Building the Fastest Growing Company in Intimate Hygiene Global Lead in Leakproof Apparel INTRODUCING PERIOD PROUD PANTS THAT LET YOUR BODY FLOW Bodyform intima Nosotras Nana Libresse ✰✰✰ TOM Nuvenia ORGANIC Saba TOM essity Half-year Report 2022 THE PERIOD BRIEF MID-RISE TOM THE PERIOD BRIEF BIKINI TENAⓇ TENA Silhouette WASHABLE ABSORBENT UNDERWEAR knix Modibodi July 21, 2022 25#26Summary Q2 2022 Strong sales growth with significant price increases and higher volumes ▪ Sequential EBITA improvement ■ Continued severe cost inflation ▪ Successful investments in innovation and brands ■ ▪ Online sales increased 25% to 15% of sales ▪ Acquisitions of Knix and Modibodi - leading Leakproof Apparel companies essity Half-year Report 2022#27Magnus Groth President and CEO essity Half-year Report 2022 Q&A Fredrik Rystedt CFO and Executive Vice President Joanna Griffiths Founder and CEO Knix Wear Inc. Joséphine Edwall- Björklund Senior Vice President Communications July 21, 2022 27#28e9 ees es essity