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Investor Presentaiton

Factors to watch for in 2021 FACTORS IMPACTING OPERATIVE EBITDA DEVELOPMENT IN 2021 + + ☐ BURDENING FACTORS Revenue: around EUR 20M . negative revenue impact mainly due to closure of a small energy company in Finland; no margin impact Currencies expected to have a negative impact on revenue and operative EBITDA SUPPORTING • • Restructuring in Pulp & Paper Americas; savings mid-single-digit millions Shale market and oil sands tailings market expected to recover gradually from 2020 levels Part of fixed cost savings to continue, particularly in H1 2021 Operational efficiencies from China and NL investments UNCERTAINTIES • Uncertainty related to global economic and pandemic situation and its impact on customer volumes and Kemira sales volumes Raw material price development and ability for sales price review according to contract cycle • Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION 69
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