Oil & Gas Market Recovery and Performance Update
Industry & Water: Profitability remained
strong
Market environment in Q1 2021
•
•
Municipal water treatment market solid; industrial
water treatment market showing some signs of
recovery
Sequential recovery in shale demand continued in
Q1 2021
Organic growth -7.1%
Organic revenue growth excluding Oil & Gas -4%
due to lower caustic soda volumes and customer
business model change. Water treatment rather
solid.
REVENUE AND ORGANIC REVENUE GROWTH (Y-ON-Y)
EUR million
307
290
267
272
264
244
226
236
237
+5%
+6%
+4%
-1%
-1%
-22% (-18% -10%
-7%
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2019
2020
Q1
2021
OPERATIVE EBITDA AND OPERATIVE EBITDA-%
EUR million
•
Clear improvement in shale revenue sequentially
Strong operative EBITDA margin
19.5%
18.1% 18.5%
18.3%
17.7%
16.8%
16.6% 17.6%
13.8%
52.4
56.8
45.0
48.2
47.6
37.5
40.0
39.0
41.7
•
Profitability supported by good cost management
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
2019
2020
2021
53
Kemira APRIL 27, 2021
INVESTOR PRESENTATIONView entire presentation