#1BUSINESS FINLAND INVEST IN FINLAND NEW FOREIGN DIRECT INVESTMENT (FDI) TO FINLAND 2022 14.2.2023 Annabella Polo, Senior Advisor, Invest in Finland#2RESULTS 2022 INVEST IN FINLAND RESULTS 2022 + 28 +203 M€ 735 626 investments value of investments jobs proactive contacting 60 visits to Finland BUSINESS FINLAND INVEST IN FINLAND#3FDI LANDSCAPE IN FINLAND NEW AND ACQUIRED ESTABLISHMENTS BY FOREIGN-OWNED COMPANIES IN FINLAND 2012-2022 ■M&A Greenfield 336 The number of new foreign investments to Finland has 331 settled to ~300 / 296 300 year 265 270 270 86 147 244 89 229 102 213 78 94 119 81 83 153 112 55 245 211 176 189 192 194 163 146 146 98 101 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 BUSINESS FINLAND INVEST IN Source: Business Finland, Invest in Finland FINLAND#4FDI LANDSCAPE IN FINLAND NEW & AQUIRED FOREIGN OWNED ESTABLISHMENTS BY ULTIMATE PARENT'S COUNTRY IN FINLAND 2018-2022 140 117 120 100 60 77 80 71 60 60 40 40 20 20 107 87 69 In 2022 Sweden, UK and US continue to be top investors 47 47 36 29 62 36 27 18 27 24 18 23 25 17 19 21 21 10 12 10 12 4 2 5 0 Sweden UK USA Germany Norway 2018 2019 2020 2021 2022 BUSINESS FINLAND INVEST IN Source: Business Finland, Invest in Finland FINLAND France#5FDI LANDSCAPE IN FINLAND NEW & ACQUIRED FOREIGN OWNED ESTABLISHMENTS BY INDUSTRY IN FINLAND 2018-2022 400 350 62 300 In 2022 health & wellbeing investment increased compared to the year before 250 104 32 85 200 48 37 36 150 74 24 73 32 20 95 20 100 29 38 59 34 35 30 50 41 26 43 76 56 62 15 28 16 20 650 13 17 21 0 ICT Business Services Other Health & Bioeconomy Retail Wellbeing & Cleantech Consumer Business Travel Mining 2018 2019 2020 2021 2022 BUSINESS FINLAND INVEST IN Source: Business Finland, Invest in Finland FINLAND#6FDI LANDSCAPE IN FINLAND NEW FDI BY FINNISH REGIONS 2022 Total Uusimaa Not Specified 140 34 South-West Finland 22 Ostrobothnia 14 Pirkanmaa 14 North Karelia 11 Southern Ostrobothnia 11 Northern Ostrobothnia 9 Satakunta 9 Kainuu 6 Northern Savo 6 Päijät-Häme 6 Kymenlaakso 4 South Savo 4 Central Finland 3 Kanta-Häme 3 Central Ostrobothnia 2 South Karelia 2 BUSINESS FINLAND INVEST IN Source: Business Finland, Invest in Finland FINLAND 47 % of new foreign investment lands to Capital Region Helsinki- Uusimaa 300#7FDI LANDSCAPE IN FINLAND FOREIGN-OWNED FIRMS ACCOUNT FOR 1% OF ALL FIRMS IN FINLAND, BUT... M 4 500 COMPANIES 23% (113 B€) OF TURNOVER 280 000 JOBS 20 % OF WORKFORCE Sweden 17,6 Others 37,7 Germany 7,7 27% (1.2 B€) OF R&D (2020 LATEST AVAILABLE) 30% (33 B€) OF EXPORTS (2020 LATEST AVAILABLE) USA 14 76 B€ STOCK OF FOREIGN DIRECT INVESTMENTS BY ULTIMATE INVESTOR COUNTRY 2021 BUSINESS FINLAND INVEST IN Source: Statistics Finland 2022; 2021 FINLAND#8FDI LANDSCAPE IN FINLAND THE NUMBER OF JOBS CREATED BY FOREIGN- OWNED COMPANIES IS GROWING IN FINLAND 215 000 POSITIVE TREND FOR EMPLOYMENT 65 000 MORE JOBS SINCE 2010 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 BUSINESS FINLAND INVEST IN Source: Statistics Finland 2022 FINLAND#9FDI LANDSCAPE IN FINLAND ESTIMATED TAX CONTRIBUTION OF FOREIGN OWNED COMPANIES IN FINLAND IN 2021 CORPORATE TAX, € VAT, € 1 840 000 000 17 600 000 000 BUSINESS FINLAND INVEST IN Source: Finnish Tax Administration 2022, Business FINLAND Finland, Invest in Finland#10FDI LANDSCAPE IN FINLAND FDI INWARD STOCK OF FOREIGN DIRECT INVESTMENTS € billion 2017-2021 80 70 60 50 W± 40 30 20 74 63 63 76 76 74 IIIII 10 0 2017 2018 2019 2020 2021 BUSINESS FINLAND INVEST IN Source: Statistics Finland 2022 FINLAND#11FDI LANDSCAPE IN FINLAND FDI INWARD STOCK 2021 TOP 10 IMMEDIATE INVESTOR COUNTRY € million Sweden Netherlands Luxembourg 9 870 Norway 5 234 Hongkong 3 898 Denmark 2 503 United Kingdom 2 432 Germany 2 210 Switzerland 2 183 Russia 1 853 BUSINESS FINLAND INVEST IN Source: Statistics Finland 2022 FINLAND 11 656 22 874#12FDI LANDSCAPE IN FINLAND FDI OUTWARD STOCK 2021 TOP 10 DESTINATION COUNTRY € million Sweden Netherlands Ireland Norway Denmark 17 765 9 261 8 526 United Kingdom 5 084 USA 4 131 Singapore Estonia Luxemburg 4 056 3 581 3 214 BUSINESS FINLAND INVEST IN Source: Statistics Finland 2022 FINLAND 21 466 28 507