Umicore's Sustainability and Financial Report

Catalysis Balancing growth, returns and cash flows Value driver Low Earnings growth (adj EBITDA growth) Return-driver (adj ROCE > Cost of Capital) Cost of Capital Free Operational CF generation Contribution to Umicore's value creation High Fuel Cells CATALYSIS Trend vector from 2021-2026 to 2026-2030 umicore • Capture unprecedented value peak in Automotive Catalysts in the decade Prepare growth acceleration in fuel cell catalysts after mid-decade Reduction in Cap Empl in Automotive • Catalysts to drive high(er) returns • Initial payback in fuel cells towards • end of decade (lower capital intensity) High free cash flows over the plan Transition from growth to free cash flow focused business model in Automotive Catalysts 48

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