Investor Presentaiton

Pulp & Paper KEY FINANCIALS EUR million Revenue Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 2020 2019 370.0 352.2 357.0 378.5 385.9 1,457.6 1,522.9 Operative EBITDA 68.9 65.5 65.6 60.2 52.6 260.2 218.3 margin 18.6% 18.6% 18.4% 15.9% 13.6% 17.9% 14.3% Operative EBIT 37.5 34.8 35.7 30.1 22.5 138.0 99.2 margin 10.1% 9.9% 10.0% 8.0% 5.8% 9.5% 6.5% Operative ROCE*, % 11.1% 9.8% 9.5% 8.5% 7.7% 11.1% 7.7% Capital expenditure (excl. M&A) 33.6 23.0 21.0 14.3 43.6 91.9 109.7 Cash flow after investing activities 59.1 49.7 27.3 26.1 33.5 162.2 139.4 Kemira FEBRUARY 11, 2021 Q4 2020 RESULTS *12-month rolling average 77

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