Driving Sustainable Economies

Significant delevering of balance sheet NET DEBT (EUR million) AND LEVERAGE RATIO* 850 759 906 771 566 1.7 2.0 1.3 1.8 0.8 Dec 31 2020 Dec 31 2021 Dec 31 September 30 September 30 2022 2022 * Leverage ratio = Net debt / last 12 months operative EBITDA 2023 • • • Balance sheet further strengthened during the quarter: gearing 34% (54% in Q3 2022) - well below financial target range of below 75% Net debt / EBITDA 0.8 - below 1.0 for the first time Average interest rate of net debt excluding leases 2.8% (1.7%) and duration 18 (21) months NET WORKING CAPITAL DEVELOPMENT 407 254 292 288 287 408 468 467 491 474 362 434 269 281 324 352 410 382 422 384 348 347 368 393 402 440 500 542 596 533 494 473 487 -383 -382 -438 -505 -501 -565 -603-604 -506 -474 -486 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Net working capital continued to improve. Inventories declined following lower variable costs and lower sales volumes. Operative ROCE improved further to 21.6% (Q3 2022 13.0%) Inventories Receivables Payables Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 68

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