Driving Sustainable Economies

Variable costs continued to decline SALES PRICE VS VARIABLE COST TREND (ROLLING 12-MONTH CHANGE Y-O-Y) EUR million SALES PRICES AND VARIABLE COSTS (CHANGE Y-O-Y) EUR million 960 900 840 780 720 660 600 540 480 420 360 300 240 180 120 60 0 -60 -120 -180 2008200920102011201220132014201520162017201820192020202120222023 Brent oil, USD Sales prices -Variable costs Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 269 256 188 197 129174 152 138 14 99 122 59 68 64 36 70 75 66 16 47 42 37 34 13 26 28 32 28 2 25 28 16 16 15 छ 95 13 38 4338 18 -23-10 2336 291 Ο 98-226 -123-16-20-101-2 -2 23 19 14 -5-13-14 29412 -4 -25-20 -14-13 -32-29 -31-24-27 -16 24 -88 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2017 2018 2019 2020 2021 2022 2023 Net impact on EBITDA (sales prices-variable costs) Sales prices -Variable costs 40 67

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