Investor Presentaiton

Industry & Water: relative profitability improved despite lower sales volumes Market environment in 2020 • • Municipal water treatment market grew slightly despite COVID-19; industrial water treatment market declined due to lower industrial activity Modest sequential recovery in shale demand continued in Q4 2020 Organic growth • Organic revenue growth excluding Oil & Gas 0% in Q4 2020, -2% in 2020. Revenue in municipal water treatment increased in 2020. Shale revenue continued to recover sequentially in Q4 2020 Strong operative EBITDA margin in 2020 · Profitability supported by lower variable costs and good fixed cost management. Positive contribution from polymer expansion in the Netherlands. Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION REVENUE AND ORGANIC REVENUE GROWTH (Y-ON-Y) EUR million 307 272 284 290 271 267 272 264 245 244 226 236 +14% +11% +11% +5% +6% +4% +2% -1% 1% -22% -18% -10% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 2019 2020 OPERATIVE EBITDA AND OPERATIVE EBITDA-% EUR million 10.9% 26.6 12.8% 12.9% 12.3% 34.8 36.7 33.3 18.1% 18.5% 16.8% 52.4 56.8 18.3% 17.7% 19.5% 16,6% 45.0 13.8% 37.5 48.2 47.6 40.0 39,0 Q1 Q2 Q3 Q4 Q1* Q2* Q3* Q4* Q1* Q2* Q3* Q4* 2018 2019 2020 54 * Includes IFRS16 impact

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