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Investor Presentaiton

Kemira's financial targets FINANCIAL TARGETS AND HISTORICAL FIGURES Targets 2019 IFRS 16 impact in 2019 2020 Q1 2021 Financial target Revenue MEUR 2,659 Change +3% MEUR 2,427 Change -9% MEUR 606 Above-market Change -6% growth Operative EBITDA* 15.4% Around +1.3 %-point 17.9% 17.3% 15-18% Gearing* 66% Around +11 %-points 63% 67% Below 75% KEY FACTORS TO WATCH FOR Factors Sales price vs raw material price development Organic growth through volume and sales price increases Growth investments: Polymer capacity expansion in the US (2021), bleaching expansion in Uruguay (2022-2023), Dry polymer JV in South Korea (2021), Coagulant capacity in the UK (early 2022) Q1 2021 comments Net impact from variable costs and sales prices negative. Several price increases announced. Group's organic growth -2%, excl. negative currencies and Oil & Gas, revenue was stable. Investments proceeding as planned Kemira APRIL 27, 2021 INVESTOR PRESENTATION 10
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