Oil & Gas Market Recovery and Performance Update

Key figures and ratios – 5-year summary - EUR million (except ratios) 2016 2017 Revenue 2,373.1 2,363.3 2018 2,486.0 2019 2,658.8 2020 2,427.2 Operative EBITDA 287.3 302.5 311.3 410.0 435.1 of which margin 12.1% 12.8% 12.5% 15.4% 17.9% Operative EBIT 163.1 170.1 170.3 224.0 237.7 of which margin 6.9% 7.2% 6.9% 8.4% 9.8% Cash flow from operations 247.6 270.6 205.1 386.2 374.7 Capital expenditure, excluding acq. 181.7 212.6 190.1 201.1 195.6 Gearing at period-end 54 54 59 66 63 Inventories 207 217 224 261 242 Personnel at period-end 4,685.0 4,818.0 4,732.0 5,062.0 4,921.0 Kemira FEBRUARY 11, 2021 Q4 2020 RESULTS 74

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