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Investor Presentaiton

Shell ExxonMobil 15 BP Top 20 lubricant manufacturers1 PetroChina Sinopec Total Number 1 independent lubricant company Chevron FUCHS Valvoline Idemitsu Kosan JXTG Hindustan... Pertamina Indian Oil Rosneft Lukoil Phillips 66 Gazpromneft-... Petronas Quaker Houghton 1 Market Shares 2020 2 > 1000 tons ☐ ☐ LUBRICANTS. TECHNOLOGY. PEOPLE. Manufacturers Independent lubricant manufacturers² >600 FUCHS Major oil companies >100 High degree of fragmentation Concentration especially amongst smaller companies >700 manufacturers <50% Market Shares Top 10 manufacturers O >50%

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