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Investor Presentaiton

53 Development of net working capital % of net sales 40% 30% 20% 10% 0% -10% -20% -30% Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mor21 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Receivables -Inventories Short-term non-interest bearing liabilities Net Working Capital Investor Presentation Orion Corporation -100 -200 -300 EUR million 600 500 400 300 200 100 0 Sep 16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep 18 Dec18 Mar19 Jun19 Sep 19 Dec19 Mar20 Jun 20 Sep20 Dec20 Mar21 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Receivables -Inventories -Short-term non-interest bearing liabilities Net Working Capital ORION
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