Oil & Gas Market Recovery and Performance Update
Kemira's financial targets
FINANCIAL TARGETS AND HISTORICAL FIGURES
Targets
2019
IFRS 16 impact in
2019
2020
Q1 2021
Revenue
MEUR 2,659
Change +3%
MEUR 2,427
Change -9%
MEUR 606
Financial target
Above-market
Change -6%
growth
Operative
EBITDA*
15.4%
Around +1.3 %-point
17.9%
17.3%
15-18%
Gearing*
66%
Around +11 %-points
63%
67%
Below 75%
KEY FACTORS TO WATCH FOR
Factors
Sales price vs raw material price development
Organic growth through volume and sales price increases
Growth investments: Polymer capacity expansion in the US (2021),
bleaching expansion in Uruguay (2022-2023), Dry polymer JV in South
Korea (2021), Coagulant capacity in the UK (early 2022)
Q1 2021 comments
Net impact from variable costs and sales prices negative.
Several price increases announced.
Group's organic growth -2%, excl. negative currencies and Oil
& Gas, revenue was stable.
Investments proceeding as planned
Kemira APRIL 27, 2021
INVESTOR PRESENTATION
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