Investor Presentaiton
Oil & Gas: sequential shale market recovery
continued in Q4 2020
Market environment in 2020
•
Shale: shale market bottomed in Q2 2020. Sequential
market recovery continued in Q4 2020; typically Q4
seasonally slower quarter
In oil sands tailings, Kemira's end market demand in 2020
clearly lower than expected. CEOR* end market solid.
Kemira performance in 2020
.
Oil & Gas revenue declined by 46% in 2020
Q4: Kemira shale revenue continued to recover
sequentially, but remained at a low level compared to Q4
2019
Multi-year contract extension signed with Ithaca for CEOR
2021 expectation
•
Shale and oil sands tailings demand expected to recover
gradually, CEOR to remain solid
REVENUE DEVELOPMENT
EUR million
87
73
66 62
77
66
57 57
56
52
45
46
38
27
41 38
27
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019
2020
2017
2018
Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION
*CEOR, chemical enhanced oil recovery
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