Driving Sustainable Economies

Pulp & Paper KEY FINANCIALS EUR million Revenue Operative EBITDA Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 2022 2021 403.6 68.9 421.2 504.6 556.2 537.3 2,027.7 1,559.6 65.2 109.4 110.9 92.3 348.0 244.7 margin Operative EBIT 17.1% 39.8 15.5% 21.7% 19.9 17.2% 17.2% 15.7% 37.6 80.4 80.3 61.8 225.7 124.3 margin 9.9% 8.9% 15.9% 14.4% 11.5% 11.1% 8.0% Operative ROCE*, % 18.5% 19.9% 19.9% 16.9% 13.3% 16.9% 10.1% Capital expenditure (excl. M&A) 34.3 31.3 19.3 51.4 28.4 122.5 88.5 Cash flow after investing activities 50.7 62.1 53.8 115.0 66.6 207.2 94.6 *12-month rolling average Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 81

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