Investor Presentaiton

Outlook for 2021 OUTLOOK REVENUE Kemira's revenue in local currencies, excluding acquisitions and divestments, is expected to increase from 2020 (EUR 2,427 million) OPERATIVE EBITDA Kemira's operative EBITDA is expected to be at the same or at a slightly (less than 5%) lower level than in 2020 (EUR 435 million) ASSUMPTIONS FOR 2021 . . COVID-19 pandemic continues to cause uncertainty, but overall demand in Kemira's end markets is expected to recover gradually from 2020 in line with forecasted economic growth: • • Pulp & Paper: demand to remain solid in pulp and packaging and board. Stabilization in printing and writing demand possible when COVID-19 situation normalizes. Industry & Water: municipal water treatment to remain solid, industrial water treatment to recover from 2020. Shale market expected to recover gradually during 2021, demand in oil sands tailings to grow from 2020. Outlook assumes no major disruption to Kemira's manufacturing operations or supply chain Currencies expected to have a negative impact on operative EBITDA Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION 70

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