Driving Sustainable Economies

Outlook for 2023 (upgraded on October 10, 2023) OUTLOOK REVENUE Kemira's revenue is expected to be between EUR 3,200 and EUR 3,700 million (2022: EUR 3,569.6 million). OPERATIVE EBITDA Kemira's operative EBITDA is expected to be between EUR 620 and EUR 680 million in 2023 (2022: EUR 571.6 million). • • ASSUMPTIONS FOR 2023 (UNCHANGED) Kemira's end-market demand (in volumes) is expected to decline. Demand is expected to be resilient in water treatment, while demand in the pulp and paper market is expected to be weak following economic slowdown and continued destocking in the customer value chain. Demand in the oil & gas market is expected to grow. Variable costs overall are expected to decline, while electricity prices are expected to remain above long-term average in Europe. Market prices for caustic soda are expected to moderate during 2023. The outlook assumes no major disruptions to Kemira's manufacturing operations, supply chain, or Kemira's energy-generating assets in Finland. Foreign exchange rates are expected to remain at approximately current levels The outlook is based on Kemira's current portfolio, including the Oil & Gas business Kemira OCTOBER 24, 2023 INVESTOR PRESENTATION 71

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