Driving Sustainable Economies

Industry & Water - strong positions in chosen categories REVENUE AND OPERATIVE EBITDA EUR million REVENUE BY APPLICATION TYPE AND MARKET GROWTH 1,600 224 1,400 192 175 181 70% 1,200 Water treatment 1,000 131 107 114 800 1,542 600 906 1,009 1,073 1,136 970 1,115 Municipal 400 200 0 Market growth* 4-5% Industrial 20% 10% Oil & Gas Other REVENUE BY PRODUCT CATEGORY 15% Other products such as 40% Coagulants о defoamers and biocides 7-8% 3-4% 45% REVENUE BY GEOGRAPHIES AND MARKET GROWTH BY REGION 2016 2017 2018 2019 2020 2021 2022 2015-2016 figures are pro forma; combination of Municipal & Industrial and Oil & Mining segments MARKET ENVIRONMENT WATER TREATMENT Market share OIL & GAS Coagulants Polymers Market share -20% in polymers used in 50% EMEA shale EMEA 25% 25% oil & gas AMERICAS 20% 10% Main peers in Main competitors in coagulants: • Feralco (Europe) • . Kronos (Europe) Chemtrade (NA) USAICO (NA) Kemira OCTOBER 24, 2023 polymers (also in water treatment): ⚫ SNF Solenis Solvay (only O&G) INVESTOR PRESENTATION Market growth* 4-5% *chemical market growth in 2022-2027 ■ 50% Americas <5% APAC Polymers CUSTOMER EXAMPLES MUNICIPAL customer examples Amsterdam Los Angeles Barcelona Montreal New York City Berlin Oslo Toronto Paris Shanghai 5-6% 5-6% Stockholm INDUSTRIAL customer examples BAKER HUGHES a GE company Carlsberg BRENNTAG Orkla FRAC-CHEM UNIVAR HALLIBURTON Note: Revenue by industry, product and geography rounded to the nearest 5% 8

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