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Investor Presentaiton

Highlights in 2020 • • • . Strong performance in 2020: improved profitability, good operational performance, improved customer satisfaction and employee engagement. Challenging market environment due to COVID-19 pandemic and related economic slowdown Revenue development excluding Oil & Gas and currencies -2% illustrating resilience of business model. Strong profitability: operative EBITDA margin improved to 17.9%. Financial target for operative EBITDA margin updated to 15-18% (previously 15-17%). Also dividend policy updated: aim to distribute competitive and over-time increasing dividend. New manufacturing facilities in China and the Netherlands facilitate growth; existing facility expansion in Uruguay to support future growth in Pulp & Paper Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION 19 51
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