Kemira Oyj · OMXHEX:KEMIRA
Kemira Oyj — Investor Day (September 2022)
80 slides from Kemira Oyj's investor day presentation, Sep 13, 2022
Slide 1: Kemira's Capital Markets Day
Kemira’s Capital Markets Day LONDON STOCK EXCHANGE SEPTEMBER 13, 2022
Slide 2: Indicative agenda and presenters
KEMIRA’S CAPITAL MARKETS DAY LONDON STOCK EXCHANGE SEPTEMBER 13, 2022 INDICATIVE AGENDA UK TIME: 09.00 Opening remarks: Mikko Pohjala, 10.35 Coffee break Head of Investor Relations 10.50 Industry & Water: Sergej Toews 09.05 Strategy review by the President and CEO: 11.10 Q&A* Jari Rosendal 11.20 Pet
Slide 3: Ready for the next steps in sustainable profitable growth
JARI ROSENDAL PRESIDENT AND CEO Ready for the next steps in sustainable profitable growth CAPITAL MARKETS DAY SEPTEMBER 13, 2022
Slide 4: We have proved our agility in a challenging environment
We have proved our agility in a challenging environment REVENUE OPERATIVE EBITDA EARNINGS PER SHARE** EUR million EUR million % EUR million 2,659 2,674 450 435 426 20.0 0.86 2,593 410 2,427 400 17.5 17.9 0.72 0.7 350 323 15.9 15.0 15.4 14.9 0.58 300 0.56 1,629 12.5 242.1 250 12.5 10.0 200 7.5 150 5.
Slide 5: Looking ahead
Looking ahead SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 5
Slide 6: Our next steps for profitable growth
Our next steps for profitable growth FASTER-THAN-MARKET GROWTH GROWTH POCKETS NEW OPPORTUNITIES, M&A INSIDE EXISTING INCLUDING BIOBASED BUSINESSES MATERIALS STRONG FOUNDATION AND ROBUST EXISTING BUSINESSES SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 6
Slide 7: We have made good progress towards our profitable growth targets
We have made good progress towards Organic growth / expansion of site Acquisition / partnership our profitable growth targets Operational efficiencies Closure of site / divestment 2020 2021 H1 2022 ⚫ ⚫ ⚫ Ramp-up of of new AKD wax site (CN) Completion of coagulant expansion Expansion of partnership w
Slide 8: Our two businesses provide a healthy balance of growth opportunities
Our two businesses provide a healthy balance of growth opportunities SEGMENT PULP & PAPER INDUSTRY & WATER Board Printing Water Customer segment Pulp Oil & Gas &Tissue & Writing treatment % of total sales* ~25% ~25% ~10% ~30% ~10% Sustainability relevance Capex relevance M&A relevance
Slide 9: We have established a Growth Accelerator unit
We have established a Growth Accelerator unit to speed up selected strategic GROWTH ACCELERATOR UNIT initiatives Announced in mid-June and will be led by Sampo Lahtinen (PhD, Food Primary focus: Chemistry), former VP, EMEA R&D Objective of the new Accelerate commercialization of new and Organization
Slide 10: We have committed to the Science Based Targets Initiative (SBTi)
We have committed to the Science Based Targets Initiative (SBTi) • Kemira committed to the Science Based Target initiative (SBTi)* in June 2022 • Commitment to cut 50% of emissions from our own operations and energy use (scope 1 and 2 emissions**) by 2030, compared to a 2018 baseline. This target is
Slide 11: How we are reducing our emissions
How we are reducing our emissions SCOPE ■1 & ■2 EMISSIONS 1,000 TONNES CO2eq SCOPE 1 & 2 EMISSIONS 930 Scope 1: 856 -50% by 2030 replacing fossil-based fuels at manufacturing facilities 152 160 Scope 2: 461 -8% 778 696 • energy efficiency improvements • sourcing carbon-free energy: nuclear energy fr
Slide 12: Next steps on our profitable growth journey
Next steps on our profitable growth journey GROWTH POCKETS INSIDE EXISTING BUSINESSES • Pulp → look at selected pulp opportunities • Water treatment → step up efforts to accelerate growth • Packaging → Capitalize on growing packaging market and adjacent biobased opportunities NEW OPPORTUNITIES • Bui
Slide 13: Operative and strategic priorities
OPERATIVE PRIORITIES STRATEGIC PRIORITIES Mitigating impacts from the war Maintain the good operational performance in Ukraine and inflationary pressures and capitalize on growth opportunities from existing markets Complete ongoing investments in Uruguay and China Progress biobased strategy and expl
Slide 14: Chemistry with a purpose. Better every day.
KEMIRA PURPOSE Chemistry with a purpose. Better every day. Our purpose shows the difference we make. Every day since 1920 Chemistry has made an enormous impact on the progress and All this we call chemistry with a purpose. We make quality of human life. Since our foundation in 1920, we have sure it
Slide 15: Appendix
Appendix SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 15
Slide 16: Employee engagement continues to be strong
CUSTOMER SATISFACTION HAS IMPROVED Employee engagement continues to be strong 2022 benchmark NET PROMOTER SCORE DEVELOPMENT EMPLOYEE ENGAGEMENT 76 60 100 SCALE >50 Excellent 53 > 20 Favorable 50 81 50 47 79 78 79 80 71 40 36 33 60 30 40 20 20 10 0 0 2018 2019 2020 2021 H1 2022 2018* 2019 2020 10/202
Slide 17: We have a strong commitment to sustainability
We have a strong commitment to sustainability Five sustainability KPIS SAFETY TRIF* 1.5 by 2025 and 1.1 by 2030 WATER CLIMATE PEOPLE Reach top 10% cross industry norm for Diversity & Chemical sector average Inclusion by 2025 Chemical Chemical sector average WATER Reach Leadership level in water mana
Slide 18: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 19: R&D: A critical driver for strengthening competitiveness
MATTHEW PIXTON CTO R&D: A critical driver for strengthening competitiveness CAPITAL MARKETS DAY SEPTEMBER 13, 2022
Slide 20: We have a global R&D network close to our customers
We have a global R&D network close to our customers R&D Espoo, Finland R&D R&D Shanghai, China Atlanta, USA 18 OVER 1,900 250 EXPERTS NEW PRODUCT GRANTED IN GLOBAL R&D LAUNCHES IN PATENTS 2021 SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 20
Slide 21: Continuous investment in R&D
Continuous investment in R&D WE INVEST IN R&D NEW PRODUCT SALES REVENUE KEY FOCUS IN R&D CURRENTLY: EUR million • Kemira’s R&D spend has • Lab evaluation and piloting of been around EUR 30 million 300 biobased products: or ~1.1% of revenue annually • Multiple biobased raw- 250 • R&D focus is on poly
Slide 22: ViviMag
New application through partnering An innovative solution based on fundamental science with partners: Wetsus, Technical University Delft, Kemira, several other private ViviMag ® companies and municipal water companies Magnetic recovery of phosphorus Kemira owns the ViviMag® patent and will from sewa
Slide 23: Novel surface sizing portfolio
FIBER-BASED FOOD PACKAGING Novel surface sizing portfolio › Broad product safety and regulatory profile, complying with the strictest food contact approvals › Fully recyclable to ensure the reuse of valuable wood fibers › High sizing performance in demanding conditions Ongoing work to develop 100% b
Slide 24: Sustainable textiles – emerging growth opportunity
Sustainable textiles – emerging growth opportunity • Kemira has extensive knowledge and application expertise in cellulose-based products. This allows us an entry point to global sustainable textiles markets. • Regulations (EU 2025 & Finland 2023) will open-up new business opportunities in textile r
Slide 25: We want to ensure profitable growth
FROM BASELINE TARGET REVENUE REVENUE IN 2019 IN 2030 ~100 >500 We want MEUR MEUR to ensure FROM BIOBASED FROM BIOBASED PRODUCTS PRODUCTS profitable growth FROM BASELINE SHARE IN 2019 TARGET SHARE IN 2030 BY BECOMING THE LEADING PROVIDER OF SUSTAINABLE CHEMICAL SOLUTIONS 13%* 40% FOR WATER-INTENSIVE
Slide 26: We already have a significant number of biobased products
CURRENT PO RT FO LIO We already have a significant number of biobased products in our portfolio REVENUE SPLIT BY TYPE IN 2021 BIOBASED REVENUE DEVELOPMENT Recent growth coming from 500 Biobased (> 50%) existing products, sizing in particular. Does not contain Partly Biobased Growth is price fossil-f
Slide 27: Our path towards 500 MEUR biobased revenue target
Our path towards 500 MEUR biobased revenue target advances via 4 tracks CURRENT 1. PORTFOLIO Boost the sales of commercially available biobased products PRODUCT CONVERSION Convert current products to biobased through a change of raw 2. material and feedstock New products based on 3. NEW BIOBASED CHE
Slide 28: Biomass Balanced products
PRO DUCT CO NVERSIO N 2. Biomass Balanced products • Product based on biobased feedstock. Kemira was first to start full-scale production with first commercial volumes shipped in 2022 to HSY (Helsinki Region Environmental Services) • The novel polymers are manufactured according to the principles of
Slide 29: Key Initiative: PHA
NEW BIO BASED CHEMIST RIES 3. R&D collaboration with Danimer Scientific started Key Initiative: PHA* in 2019. Multi-year commercial partnership announced in May 2022: • Exclusivity for paper and molded fiber applications in Americas and EMEA • Next generation product development, enabling broader ma
Slide 30: Key Initiative: Alfa-Glucan
NEW BIO BASED CHEMIST RIES 3. Key Initiative: Alfa-Glucan* Collaboration with International Flavors and Fragances (IFF) started in 2020. Our aim is to commercialize a range of new biobased and biodegradable products across Kemira’s key product lines. Partnership to leverage IFF’s platform; Kemira br
Slide 31: R&D network and collaboration
EX PLO RAT IO N 4. R&D network and collaboration • Complements Kemira’s internal competence, know how and resources • Enables public funding and risk sharing in innovation • Broadens our cooperation in existing and future value chains • Significant shortening lead time to JOINT commercialization ONG
Slide 32: R&D is a critical driver for strengthening competitiveness
R&D is a critical driver for strengthening competitiveness BIOBASED R&D • Biobased strategy progressing well towards EUR 500 million revenue target. Partnerships, supplier and customer, are key. CORE R&D • 2021 biobased revenue at ~EUR 200 million, meaningful revenue growth from new products from •
Slide 33: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 34: Pulp & Paper: Consumer-driven sustainability trends driving growth
ANTTI SALMINEN PRESIDENT, PULP & PAPER Pulp & Paper: Consumer-driven sustainability trends driving growth CAPITAL MARKETS DAY SEPTEMBER 13, 2022
Slide 35: We have delivered strong revenue growth since CMD 2020
PULP & PAPER We have delivered strong revenue growth since CMD 2020 REVENUE, OPERATIVE EBITDA AND OPERATIVE EBITDA MARGIN DEVELOPMENT 1. BUSINESS FUNDAMENTALS: EUR million 1,520 1,523 1,560 Focus on mitigating impacts from 1,457 1,477 1,458 higher input costs 260 Strong focus on selected markets and
Slide 36: Our completed and upcoming capacity expansions will support growth
Our completed and upcoming capacity expansions will support growth POLYMERS BLEACHING EXPANSION NEW PRODUCTION LINE IN SOUTH KOREA IN URUGUAY OF ASA IN CHINA Joint venture with Yongsan Expansion of both sodium Production of ASA sizing agent Chemicals, Kemira a minority chlorate and hydrogen peroxide
Slide 37: H1 2022: Strong performance in a difficult environment
H1 2022: Strong performance in a difficult environment REVENUE: PROFITABILITY: • Organic growth driven by higher sales prices across • Resilient profitability despite unprecedented customer segments inflationary pressures • Underlying demand solid across products groups, • Pricing checkpoints in cus
Slide 38: Broader uses of wood fiber driving market growth
Broader uses of wood fiber driving market growth SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 38
Slide 39: Wood fiber is the raw material of the future
WOOD FIBER IS THE RAW MATERIAL OF THE FUTURE • Excellent sustainable raw material: renewable, reusable and recyclable • Fiber use is growing due to existing applications as well as new applications • Industry is innovating to find new uses for wood-based fiber, e.g. in textile fibers • Kemira to ben
Slide 40: Pulp and packaging markets are growing driven by sustainability trends
Pulp and packaging markets are growing driven by sustainability trends PULP & BLEACHING MARKET BOARD AND TISSUE MARKET Demand for virgin fiber increasing due to decline Packaging market growth drivers: APAC, online retail in availability of recycled fiber and growing uses of and move away from plast
Slide 41: We are accelerating growth in new markets
We are accelerating growth in new markets Assess and GROWTH deploy new FROM growth avenues Biobased products NEW Barriers MARKETS Textiles Services SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 41
Slide 42: Barrier market projected to grow by 8% to 2026
NEW G RO W TH O PPO RT UNIT IES Barrier market projected to grow by 8% to 2026 MARKET DRIVERS KEMIRA HAS A STRONG POSITION Consumer preference for sustainable solutions Kemira’s first generation, partly biobased, barrier, commercialized; second generation biobased product Transition towards phasing
Slide 43: The wood-fiber textile market projected to reach EUR 10 billion by 2030
NEW G RO W TH O PPO RT UNIT IES The wood-fiber textile market projected to reach EUR 10 billion by 2030 TEXTILE MARKET IN TRANSFORMATION Demand for novel sustainable fiber solutions in textiles is high in order to replace cotton and synthetic fibers EUR More than 96% of global EUR 200 billion textil
Slide 44: Services offering is a valuable differentiator
NEW G RO W TH O PPO RT UNIT IES Services offering is a valuable differentiator • Aim to reach EUR 50 million in revenue by 2025, 2022 revenue expected to be around EUR 5 million • New dedicated service organization established to accelerate growth in services COLLABORATION • Commitment to invest in
Slide 45: We are competitively positioned in the growing fiber-based applications
100 YEARS OF BROADEST PULP & We are EXPERTISE IN FIBER WATER CHEMISTRY PAPER CHEMICAL PRODUCT PORTFOLIO IN THE WORLD competitively positioned in the growing fiber- based LONG ESTABLISHED BROAD CAPABILITIES applications CUSTOMER RELATIONSHIPS TO SERVE CUSTOMERS ACROSS THE GLOBE SEPTEMBER 13, 2022 CAP
Slide 46: Maintaining profitability while increasing focus on new growth opportunities
Maintaining profitability while increasing focus on new growth opportunities PRIORITIZED GROWTH ACTIONS FURTHER PROFITABILITY IMPROVEMENT ON-GOING • Capitalize on growth opportunities in pulp and • Continuous performance and packaging • Continue to mitigate impact from cost-structure enhancement, in
Slide 47: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 48: Appendix
Appendix SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 48
Slide 49: Pulp & Paper chemicals market expected to grow by 1-2%
Pulp & Paper chemicals market expected to grow by 1-2% P&P CHEMICALS CONVENTIONAL P&P CHEMICALS MARKET DEVELOPMENT MARKET (B€) (Illustrating the change in consumption, M€) North America (3.0 B€) EMEA (2.6 B€) China (1.8 B€) +1-2% 11.5 10.6 1.2 2-3% Tissue 1.0 P&W Packg. Tissue Pulp P&W Packg. Tissue
Slide 50: We have a strong position particularly in EMEA
We have a strong position particularly in EMEA PULP PACKAGING & TISSUE PRINTING & WRITING EMEA Market position #1/2 #1/2 #1/2 North America Market position #3/4 #3 #2/3 APAC Market position n.a. #1/2 #1/2 South America Market position #2 #2/3 #2/3 SEPTEMBER 13, 2022 CAPITAL MARKETS DAY Source: Kemir
Slide 51: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 52: Industry & Water: Accelerating sustainable growth in water
SERGEJ TOEWS VICE PRESIDENT STRATEGY, INDUSTRY & WATER Industry & Water: Accelerating sustainable growth in water CAPITAL MARKETS DAY SEPTEMBER 13, 2022
Slide 53: Steady progress supported by high customer satisfaction
Steady progress supported by high customer satisfaction REVENUE, OPERATIVE EBITDA AND OPERATIVE EBITDA MARGIN DEVELOPMENT 1. BUSINESS FUNDAMENTALS: 1,136 1,115 1,073 Strong demand for our products 1,009 970 Increasing frequency of pricing checkpoints in contracts 906 192 695 2. RECENT GROWTH INVESTM
Slide 54: Increased production capacity to support growth
Increased production capacity to support growth MOBILE, US GOOLE, UK • State-of-the art facility for • Significant expansion of our production of bio-AMD and existing iron coagulant emulsion polymers production • Supporting the US energy market • Ensuring sufficient supply and in efficient shale Oil
Slide 55: Solid water treatment performance in H1 2022
Solid water treatment performance in H1 2022 WATER TREATMENT 1-6 2022 OIL & GAS 1-6 2022 Revenue: continued solid demand in both municipal Revenue: CEOR and oil sands tailings remained solid. and industrial water treatment; revenue growth mostly Shale has grown but slower than originally expected, d
Slide 56: Reliable and efficient Water and Energy supply are essential for the society
Reliable and efficient Water and Energy supply are essential for the society SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 56
Slide 57: We are a key enabler for reliable and efficient water treatment & hydrocarbon production
We are a key enabler for reliable and efficient water treatment & hydrocarbon production WATER TREATMENT OIL & GAS • Compliance with increasing regulations in wastewater • CO2 footprint reduction in hydrocarbon production and drinking water treatment quality • Energy security and independence • Ener
Slide 58: Trends in water treatment provide solid opportunities for sustainable growth
Trends in water treatment provide solid opportunities for sustainable growth Relevant water treatment Relevant market trend and products & solutions market expected growth EUR billion Energy efficiency in water treatment CAGR 4-5% 8-9% processes 14.6 Phosphorous recovery and reuse 6-7% regulations a
Slide 59: We are accelerating our investments in water
We are accelerating our investments in water Relevant market trend and expected I&W strategic growth road map in execution growth Building a digital platform through selective Energy efficiency in water expansions and acquisitions 8-9% “Deploying our strong customer base to scale up digital and trea
Slide 60: Our advanced digital water treatment solutions address energy reduction
Our advanced digital water treatment solutions address one of the most critical trends in the water industry: energy reduction Digital platform with KemConnectTM PT application Recently commercialized KemConnectTM PT solution for municipal wastewater treatment enabling: Energy savings of • energy sa
Slide 61: Our Oil & Gas customers focus on energy security, efficiency and CO2 reduction
Our Oil & Gas customers focus on energy security, efficiency and CO2 reduction from operations Recent drivers in the Oil & Relevant Oil & Gas products & Relevant market developments Gas industry solutions market EUR billion CAGR CAGR 7-8% 3.0 Tailings Water Treatment in Oil Sands CO2 REDUCTION IN OI
Slide 62: Our products mitigate environmental impact and reduce cost in Oil & Gas
Our products are essential in mitigating environmental impact and reducing cost in Oil & Gas energy production CO2 Tailings Water Enabling the restoration of natural landscape Treatment in after oil sands operations Oil Sands cEOR CO2 footprint in mature Reduced water needs by (Chemically fields 50-
Slide 63: Accelerating sustainable growth in water
Accelerating sustainable growth in water PRIORITIZED GROWTH AREAS FURTHER PROFITABILITY IMPROVEMENT BUSINESS FUNDAMENTALS • Implement growth investment strategy in water through Oil & Gas profitability M&A: • Mitigating inflationary • Actions ongoing to improve • Micropollutants pressures with disci
Slide 64: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 65: Appendix
Appendix SEPTEMBER 13, 2022 CAPITAL MARKETS DAY 65
Slide 66: We have strong positions particularly in EMEA water treatment
We have strong positions particularly in EMEA water treatment MARKET POSITION MARKET OUTLOOK EMEA Water treatment1,2) #1 NORTH AMERICA Water treatment1) #2 APAC Water treatment2) Top 10 OIL & GAS CEOR2) Top 5 Shale2) #2 Oil Sands Tailings2) #1 SEPTEMBER 13, 2022 CAPITAL MARKETS DAY I&W m
Slide 67: Upcoming changes in European water treatment regulation
W AT ER T REAT MENT Upcoming changes in European water treatment regulation COMMENTS & IMPLICATIONS • Basis for wastewater treatment business in Europe Urban Wastewater • Target to better enforce existing legislation in all countries Treatment Directive • Other potential improvement areas: energy ef
Slide 68: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.
Slide 69: Recession-resistant business model
PETRI CASTRÉN CFO Recession-resistant business model CAPITAL MARKETS DAY SEPTEMBER 13, 2022
Slide 70: Unprecedented cost pressure during the past two years
Unprecedented cost pressure during the past two years – signs of moderation visible HIGHER OIL AND NATURAL GAS ETHYLENE AND PROPYLENE INCREASED LOGISTICS COSTS PRICES ARE IMPORTANT DERIVATIVES 300 1,700 450 1,600 400 1,500 250 1,400 350 1,300 200 300 1,200 1,100 250 Forwards 150 for 2023 1,000 900 2
Slide 71: We have shown agility in an exceptional operating environment
We have shown agility in an exceptional operating environment SALES PRICE VS VARIABLE COST TREND RESILIENT BUSINESS MODEL (ROLLING 12-MONTH CHANGE Y-O-Y) EUR million 480 Contract structure 420 • Pulp & Paper: contract pricing checkpoints shortened; share 360 of formula-or spot-based based contracts
Slide 72: Our reliance on natural gas is low; electricity independence a competitive advantage
Our reliance on natural gas is low; electricity independence a competitive advantage KEMIRA’S MANUFACTURING SITES ARE NOT RELIANT ON ANNUAL ELECTRICITY PURCHASES AROUND NATURAL GAS EUR 140 MILLION IN 2021 Electricity & energy use by country (by Gwh) 31% 38% 20 MEUR 7 / 31 Gas purchases in FINLAND ma
Slide 73: Our products are consumable chemicals with resilient demand
Our products are consumable chemicals with resilient demand through economic cycles OPERATIVE EBITDA DEVELOPMENT HAS BEEN STEADY THROUGH ECONOMIC CYCLES EUR million % 450 17.9% 426 18 15.9% 16 400 15.4% 14 350 12.8% 12.5% 12.5% 12.3% 12.1% 12 11.8% 11.8% 11.1% 11.3% 300 10.5% 10 Our products are 8 m
Slide 74: We remain committed to our financial targets
WE REMAIN COMMITTED TO OUR FINANCIAL TARGETS FASTER THAN OPERATIVE EBITDA GEARING MARKET GROWTH 15-18% BELOW 75% NEXT STEPS NEXT STEPS NEXT STEPS Capture organic growth Maintain operative EBITDA Maintain gearing below 75% opportunities margin within range Capacity to temporarily Continue to progress
Slide 75: Maintaining the operative EBITDA margin within the 15-18% range
Maintaining the operative EBITDA margin within the 15-18% range FACTORS WITHIN OUR CONTROL CUSTOMER EFFICIENCY OF GROWTH PROFITABILITY OPERATIONS Particular focus on Continued focus on Focus on water treatment, Oil & Gas profitability asset utilization biobased chemicals and the APAC region Proactiv
Slide 76: We have a strong balance sheet and no imminent debt maturities
We have a strong balance sheet and no imminent debt maturities GROSS DEBT END OF JUNE 30, 2022 EUR 1,106 14% MILLION, MATURITY PROFILE EXCLUDING LEASES Leases 36% EUR 153 million Bond 450 400 EUR 400 million 400 350 25% 300 264 Other 250 EUR 281 million 200 200 167 25% 150 133 Loans from banks and 1
Slide 77: M&A and biobased investment to drive future capital allocation
M&A AND BIOBASED INVESTMENT TO DRIVE FUTURE CAPITAL ALLOCATION Better positioned for M&A, Biobased capex Dividend policy intact: particularly in water competitive and over-time Looking at capital- treatment and biobased increasing dividend efficient ways to grow opportunities with our partners Bioba
Slide 78: Factors to watch in 2023
Factors to watch in 2023 FACTORS EXPECTED TO IMPACT OPERATIVE EBITDA DEVELOPMENT IN 2023 SUPPORTING UNCERTAINTIES POSSIBLE NEGATIVE FACTORS • Competitive advantage from • Global economic uncertainty energy independence • Fixed cost pressure • FX and raw material price following high inflation and •
Slide 79: Why invest in Kemira
1. 2. FOCUS ON RESILIENT PROFITABLE BUSINESS MODEL SUSTAINABLE ENABLING AN GROWTH ATTRACTIVE DIVIDEND Organic growth Why H1 2022 23% Operative EBITDA margin H2 2022 14.8% Dividend policy: competitive and over- time increasing dividend Dividend for 2021 EUR invest in 0.58 per share Kemira 3. SUSTAINA
Slide 80: Chemistry with a purpose.
4 e mn | cra Chemistry with a purpose. Better every day.