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Investor Presentaiton

Pulp & Paper chemicals market estimated to grow 1-2% REVENUE AND OPERATIVE EBITDA • EUR million 1,520 1,523 1,457 1,477 1,458 1,417 260 218 195 198 192 171 2015 2016 2017 2018 2019 REVENUE BY CUSTOMER TYPE 40% Pulp 2020 20% Printing & Pulp & Paper chemicals market drivers - 40% writing papers - Board & tissue Market growth 1% 2% -1-2% • Hardwood and softwood pulp demand increasing driven by growth of packaging needs (e-commerce, non-plastic solutions), growing tissue demand and lack of recycled fiber Demand increase continues for packaging, driven by online shopping, last-mile delivery, product safety and non-plastic solutions Growth in tissue demand driven by increasing wealth in emerging countries Ongoing digitalization of media drives decline of graphic paper demand Growth areas, pulp and board & tissue, represent over 80% of our Pulp & Paper revenue - Ongoing capacity additions suit well for the need of growing demand Kemira APRIL 27, 2021 INVESTOR PRESENTATION 31 31
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