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Investor Presentaiton

1,520 1,523 1,457 1,477 1,458 1,417 40% Pulp 260 218 195 198 192 171 Pulp & Paper - strong business with solid track record REVENUE AND OPERATIVE EBITDA EUR million REVENUE BY CUSTOMER TYPE AND MARKET GROWTH ■ 40% Market growth* 1% 2% -1-2% 2015 2016 2017 2018 2019 2020 MARKET ENVIRONMENT Solenis (paper)* REVENUE BY GEOGRAPHIES AND MARKET GROWTH BY REGION REVENUE BY PRODUCT CATEGORY Board & tissue 20% Printing & writing papers 5% Other 10% Polymers 20% Defoamers, dispersants, O CUSTOMER EXAMPLES 40% Bleaching & pulping biocides and other process chemicals 25% Sizing & strength #1 50% Kemira (pulp and paper) m.s. ~16% #2 EMEA 15% 35% Americas APAC UPM APP < Klabin Nouryon (pulp) #3 BILLERUDKORSNÄS INTERNATIONAL PAPER mondi Ecolab (paper) #4 Kurita (paper) *Solenis-BASF combined entity #5 Market growth* 1% 1% 2-3% Metsä Kimberly-Clark storgenso *chemical market growth in 2021-2026 Note: Revenue by industry, product and geography rounded to the nearest 5% Kemira APRIL 27, 2021 INVESTOR PRESENTATION 8
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