Kemira Investor Presentation
Strong cash flow in seasonally low quarter
ALL KEY FIGURES IN EUR MILLION
CASH FLOW FROM OPERATIONS
386
400
375
Q4
143
146
255
220
Q3
121
117
81
97
Q2
57
61
87
115
-11
97
Q1
65
50
38/14
42
-11
-11
2019
2020
2021
2022
Q1 2022
Q1 2023
CAPITAL EXPENDITURE EXCL. ACQUISITIONS
•
•
Strong cash flow from operations following strong
operative EBITDA
Cash flow typically H2 weighted, Q1 typically seasonally
weaker cash flow quarter
•
3%
3%
8%
8%
6%
6%
201
196
198
169
43
98
78
26
58
50
44
39
26
93
97
65
73
2019
2020
2021
2022
Maintenance
Expansion Improvement
Kemira
50
9
12
29
Q1 2022 Q1 2023
Percentage of
revenue
APRIL 25, 2023
INVESTOR PRESENTATION
565
9
15
.
-
-
Capex excluding acquisitions EUR 29 million in Q1 2023
Capex excl. acquisitions estimated to increase slightly in
2023 (2022: EUR 198 million):
Largest expansion capex projects: bleaching capacity expansion
in Uruguay and ASA capacity expansion in China
Uruguay investment to ramp up Q2 2023 onwards.
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