Umicore's Sustainability and Financial Report

E&ST Balancing growth, returns and cash flows Value driver Low Contribution to Umicore's value creation High Earnings growth (adj EBITDA growth) Return-driver (adj ROCE > Cost of Capital) Free Operational CF generation E & ST Cost of Capital Trend vector from 2021-2026 to 2026-2030 • umicore Unprecedented transformational growth in Rechargeable Battery Materials · Partial payback by 2026 from high growth investments in Rechargeable Battery Materials; becoming value creative shortly thereafter Significant upfront growth investments dampen free cash flows; strong free cash flows once new greenfield sites are ramped-up 62

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