Kemira Oyj

Board/Management Information • Mar 12, 2025

KEMIRA'S NEW ORGANIZATIONAL STRUCTURE AS OF 2025

QUARTERLY BUSINESS UNIT INFORMATION, OPERATIVE FIGURES

Historical figures excluding the divested Oil & Gas business
	2024	2024	2024	2024	2023	2023	2023	2023	2024	2023
	10-12	7-9	4-6	1-3	10-12	7-9	4-6	1-3	1-12	1-12
EUR million
Revenue, Oil & Gas divestment adjusted
Water Solutions	311.3	328.6	321.0	295.9	271.4	290.7	287.9	291.0	1,256.9	1,140.9
Packaging & Hygiene Solutions	263.9	254.8	268.5	271.1	265.0	255.7	268.6	282.7	1,058.5	1,072.0
Fiber Essentials	148.5	144.1	143.9	151.7	153.8	147.9	152.6	221.9	588.2	676.1
Total, Oil & Gas divestment adjusted	723.7	727.6	733.4	718.8	690.2	694.3	709.1	795.6	2,903.5	2,889.0
Operative EBITDA, Oil & Gas divestment adjusted
Water Solutions	58.8	76.7	72.6	71.0	61.8	75.0	68.1	60.1	279.1	265.0
Packaging & Hygiene Solutions	28.4	30.1	35.7	42.1	40.6	31.2	30.6	29.8	136.3	132.1
Fiber Essentials	47.8	40.7	32.2	46.1	46.9	37.6	34.6	79.6	166.7	198.8
Total, Oil & Gas divestment adjusted	135.0	147.4	140.5	159.2	149.3	143.8	133.3	169.4	582.1	595.9
Operative EBIT, Oil & Gas divestment adjusted
Water Solutions	41.3	59.7	56.0	54.6	45.1	58.0	52.0	44.1	211.7	199.2
Packaging & Hygiene Solutions	12.5	15.4	20.2	28.1	25.8	17.0	16.2	14.8	76.1	73.8
Fiber Essentials	32.5	25.6	17.8	31.7	32.8	22.8	21.4	65.5	107.7	142.5
Total, Oil & Gas divestment adjusted	86.2	100.8	94.0	114.4	103.7	97.8	89.6	124.4	395.5	415.5
Capital employed, rolling 12 months avg, %, Oil & Gas divestment adjusted
Water Solutions	633.5	624.9	610.7	592.2	574.0				633.5	574.0
Packaging & Hygiene Solutions	556.9	557.2	558.3	557.1	562.2				556.9	562.2
Fiber Essentials	729.8	729.2	728.8	724.9	719.7				729.8	719.7
Total, Oil & Gas divestment adjusted	1,920.1	1,911.4	1,897.8	1,874.2	1,856.0				1,920.1	1,856.0
Capital Expenditure excl. Acquisitions, Oil & Gas divestment adjusted
Water Solutions	32.0	12.9	11.6	11.7	26.6	16.3	13.1	7.3	68.2	63.4
Packaging & Hygiene Solutions	14.3	11.0	8.1	6.6	17.2	12.2	9.2	7.8	40.1	46.3
Fiber Essentials	24.8	11.2	15.3	7.9	22.2	22.1	22.2	11.6	59.1	78.1
Total, Oil & Gas divestment adjusted	71.1	35.1	35.0	26.2	66.1	50.6	44.4	26.6	167.3	187.7
Operative ROCE, rolling 12 months avg, %, Oil & Gas divestment adjusted
Water Solutions	33.4	34.5	35.0	35.4	34.7				33.4	34.7
Packaging & Hygiene Solutions	13.7	16.1	16.3	15.6	13.1				13.7	13.1
Fiber Essentials	14.8	14.8	14.4	15.0	19.8				14.8	19.8
Total, Oil & Gas divestment adjusted	20.6	21.6	21.6	21.6	22.4				20.6	22.4

KEMIRA'S NEW ORGANIZATIONAL STRUCTURE AS OF 2025 RECONCILIATION OF ADDITIONAL ALTERNATIVE KEY FIGURES TO IFRS

QUARTERLY BUSINESS UNIT INFORMATION, OIL & GAS DIVESTMENT ADJUSTED

	2024	2024	2024	2024	2023	2023	2023	2023	2024	2023
	10-12	7-9	4-6	1-3	10-12	7-9	4-6	1-3	1-12	1-12
EUR million
Revenue, O&G divestment adjusted
Water Solutions, O&G divestment adjusted	311.3	328.6	321.0	295.9	271.4	290.7	287.9	291.0	1,256.9	1,140.9
Packaging & Hygiene Solutions	263.9	254.8	268.5	271.1	265.0	255.7	268.6	282.7	1,058.5	1,072.0
Fiber Essentials	148.5	144.1	143.9	151.7	153.8	147.9	152.6	221.9	588.2	676.1
Total, O&G divestment adjusted	723.7	727.6	733.4	718.8	690.2	694.3	709.1	795.6	2,903.5	2,889.0
O&G divestment adjustment in Revenue
Water Solutions, O&G divestment adjustment*	0.0	0.0	0.0	44.5	118.7	134.4	131.0	110.5	44.5	494.6
Packaging & Hygiene Solutions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Fiber Essentials	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total	0.0	0.0	0.0	44.5	118.7	134.4	131.0	110.5	44.5	494.6
Revenue Water Solutions	311.3	328.6	321.0	340.5	390.0	425.1	418.9	401.5	1,301.4	1,635.5
Packaging & Hygiene Solutions	263.9	254.8	268.5	271.1	265.0	255.7	268.6	282.7	1,058.5	1,072.0
Fiber Essentials	148.5	144.1	143.9	151.7	153.8	147.9	152.6	221.9	588.2	676.1
Total	723.7	727.6	733.4	763.3	808.8	828.7	840.1	906.0	2,948.1	3,383.7
Operative EBITDA, O&G divestment adjusted
Water Solutions, O&G divestment adjusted	58.8	76.7	72.6	71.0	61.8	75.0	68.1	60.1	279.1	265.0
Packaging & Hygiene Solutions	28.4	30.1	35.7	42.1	40.6	31.2	30.6	29.8	136.3	132.1
Fiber Essentials	47.8	40.7	32.2	46.1	46.9	37.6	34.6	79.6	166.7	198.8
Total, O&G divestment adjusted	135.0	147.4	140.5	159.2	149.3	143.8	133.3	169.4	582.1	595.9
O&G divestment adjustment in Operative EBITDA
Water Solutions, O&G divestment adjusted*	0.0	0.0	0.0	3.3	13.4	16.5	17.7	23.2	3.3	70.8
Packaging & Hygiene Solutions Fiber Essentials	0.0	0.0 0.0	0.0 0.0	0.0 0.0	0.0 0.0	0.0 0.0	0.0 0.0	0.0 0.0	0.0	0.0 0.0
Total	0.0 0.0	0.0	0.0	3.3	13.4	16.5	17.7	23.2	0.0 3.3	70.8
Operative EBITDA
Water Solutions	58.8	76.7	72.6	74.3	75.2	91.5	85.8	83.3	282.3	335.8
Packaging & Hygiene Solutions	28.4	30.1	35.7	42.1	40.6	31.2	30.6	29.8	136.3	132.1
Fiber Essentials	47.8	40.7	32.2	46.1	46.9	37.6	34.6	79.6	166.7	198.8
Total	135.0	147.4	140.5	162.5	162.7	160.3	151.0	192.6	585.4	666.7
Items affecting comparability according to the new business units
Water Solutions	3.1	0.3	2.4	8.3	98.4	3.0	2.4	0.0	14.1	103.7
Packaging & Hygiene Solutions	7.0	4.1	0.9	0.1	0.7	0.1	1.3	8.5	12.3	10.6
Fiber Essentials	8.4	0.0	0.0	0.0	12.3	0.0	0.0	0.0	8.4	12.3
Total	18.5	4.5	3.3	8.4	111.4	3.1	3.7	8.5	34.8	126.7
EBITDA
Water Solutions	55.7	76.3	70.1	66.0	-23.2	88.5	83.5	83.3	268.2	232.0
Packaging & Hygiene Solutions	21.4	25.9	34.8	41.9	39.9	31.1	29.3	21.3	124.1	121.5
Fiber Essentials	39.5	40.7	32.2	46.1	34.6	37.6	34.6	79.6	158.4	186.5
Total	116.5	142.9	137.1	154.1	51.3	157.2	147.4	184.1	550.7	540.0
Operative EBIT, O&G divestment adjusted
Water Solutions, O&G divestment adjusted Packaging & Hygiene Solutions	41.3	59.7 15.4	56.0 20.2	54.6 28.1	45.1 25.8	58.0 17.0	52.0 16.2	44.1 14.8	211.7	199.2 73.8
Fiber Essentials	12.5 32.5	25.6	17.8	31.7	32.8	22.8	21.4	65.5	76.1 107.7	142.5
Total, O&G divestment adjusted	86.2	100.8	94.0	114.4	103.7	97.8	89.6	124.4	395.5	415.5
O&G divestment adjustment in Operative EBIT
Water Solutions, O&G divestment adjusted*	0.0	0.0	0.0	3.2	8.9	9.9	11.3	17.4	3.2	47.6
Packaging & Hygiene Solutions	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Fiber Essentials	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total	0.0	0.0	0.0	3.2	8.9	9.9	11.3	17.4	3.2	47.6
Operative EBIT
Water Solutions	41.3	59.7	56.0	57.8	54.1	67.8	63.3	61.5	214.9	246.7
Packaging & Hygiene Solutions Fiber Essentials	12.5	15.4 25.6	20.2 17.8	28.1 31.7	25.8 32.8	17.0 22.8	16.2 21.4	14.8 65.5	76.1	73.8 142.5
	32.5	100.8	94.0	117.6	112.6	107.6	100.9	141.9	107.7	463.0
Total	86.2								398.7
Items affecting comparability according to the new business units
Water Solutions	3.1	0.3	2.4	8.3	98.4	3.0	2.4	0.0	14.1	103.7
Packaging & Hygiene Solutions	7.8	4.1	0.9	0.1	0.7	0.1	1.3	8.5	13.0	10.6
Fiber Essentials	8.4	0.0	0.0	0.0	12.3	0.0	0.0	0.0	8.4	12.3
Total	19.2	4.5	3.3	8.4	111.4	3.1	3.7	8.5	35.5	126.7

QUARTERLY BUSINESS UNIT INFORMATION, OIL & GAS DIVESTMENT ADJUSTED	2024	2024	2024	2024	2023	2023	2023	2023	2024	2023
	10-12	7-9	4-6	1-3	10-12	7-9	4-6	1-3	1-12	1-12
EUR million
EBIT
Water Solutions	38.2	59.4	53.6	49.5	-44.3	64.8	61.0	61.5	200.8	143.0
Packaging & Hygiene Solutions	4.7	11.3	19.2	27.9	25.1	16.9	14.9	6.3	63.1	63.2
Fiber Essentials Total	24.1 67.0	25.6 96.3	17.8 90.7	31.7 109.2	20.4 1.3	22.8 104.5	21.4 97.2	65.5 133.4	99.3 363.2	130.1 336.4
Capital employed, rolling 12 months avg, %, O&G divestment adjusted
Water Solutions, adjusted Packaging & Hygiene Solutions	633.5 556.9	624.9 557.2	610.7 558.3	592.2 557.1	574.0 562.2				633.5 556.9	574.0 562.2
Fiber Essentials	729.8	729.2	728.8	724.9	719.7				729.8	719.7
Total, O&G divestment adjusted	1,920.1	1,911.4	1,897.8	1,874.2	1,856.0				1,920.1	1,856.0
O&G divestment adjustment in Capital employed
Water Solutions, O&G divestment adjustment*	0.0	51.9	134.2	218.7	299.5				0.0	299.5
Packaging & Hygiene Solutions	0.0	0.0	0.0	0.0	0.0				0.0	0.0
Fiber Essentials	0.0	0.0	0.0	0.0	0.0				0.0	0.0
Total	0.0	51.9	134.2	218.7	299.5				0.0	299.5
Capital employed, rolling 12 months avg, % Water Solutions	633.5	676.8	744.9	810.9	873.5				633.5	873.5
Packaging & Hygiene Solutions	556.9	557.2	558.3	557.1	562.2				556.9	562.2
Fiber Essentials	729.8	729.2	728.8	724.9	719.7				729.8	719.7
Total	1,920.1	1,963.2	2,032.1	2,092.9	2,155.5				1,920.1	2,155.5
Operative ROCE rolling 12 months avg, %, O&G divestment adjusted
Water Solutions, O&G divestment adjusted	33.4	34.5	35.0	35.4	34.7				33.4	34.7
Packaging & Hygiene Solutions	13.7	16.1	16.3	15.6	13.1				13.7	13.1
Fiber Essentials	14.8	14.8	14.4	15.0	19.8				14.8	19.8
Total, O&G divestment adjusted	20.6	21.6	21.6	21.6	22.4				20.6	22.4
O&G divestment adjustment in Operative ROCE
Water Solutions, O&G divestment adjusted*	0.5	-0.9	-3.4	-5.4	-6.5				0.5	-6.5
Packaging & Hygiene Solutions	0.0	0.0	0.0	0.0	0.0				0.0	0.0
Fiber Essentials	0.0	0.0	0.0	0.0	0.0				0.0	0.0
Total	0.2	0.0	-0.3	-0.7	-0.9				0.2	-0.9
Operative ROCE rolling 12 months avg, %
Water Solutions	33.9	33.6	31.7	30.0	28.2				33.9	28.2
Packaging & Hygiene Solutions Fiber Essentials	13.7 14.8	16.1 14.8	16.3 14.4	15.6 15.0	13.1 19.8				13.7 14.8	13.1 19.8
Total	20.8	21.7	21.3	21.0	21.5				20.8	21.5
Items affecting comparability according to the new business units
Water Solutions	-2.2	-16.2	-15.0	-13.8	-11.9				-2.2	-11.9
Packaging & Hygiene Solutions	-2.3	-1.1	-0.3	-0.4	-1.9				-2.3	-1.9
Fiber Essentials	-1.1	-1.7	-1.7	-1.7	-1.7				-1.1	-1.7
Total	-1.8	-6.5	-6.2	-6.0	-5.9				-1.8	-5.9
ROCE rolling 12 months avg, %
Water Solutions	31.7	17.5	16.6	16.2	16.4				31.7	16.4
Packaging & Hygiene Solutions Fiber Essentials	11.3 13.6	15.0 13.1	16.0 12.7	15.2 13.3	11.2 18.1				11.3 13.6	11.2 18.1
Total	18.9	15.2	15.0	14.9	15.6				18.9	15.6
Capital Expenditure excl. Acquisitions, O&G divestment adjusted
Water Solutions, O&G divestment adjusted	32.0	12.9	11.6	11.7	26.6	16.3	13.1	7.3	68.2	63.4
Packaging & Hygiene Solutions	14.3	11.0	8.1	6.6	17.2	12.2	9.2	7.8	40.1	46.3
Fiber Essentials	24.8	11.2	15.3	7.9	22.2	22.1	22.2	11.6	59.1	78.1
Total, O&G divestment adjusted	71.1	35.1	35.0	26.2	66.1	50.6	44.4	26.6	167.3	187.7
O&G divestment adjustment in Capital Expenditure excl. Acquisitions
Water Solutions, O&G divestment adjustment* Packaging & Hygiene Solutions	0.0 0.0	0.0 0.0	0.0 0.0	0.0 0.0	6.6 0.0	3.7 0.0	4.3 0.0	2.5 0.0	0.0 0.0	17.2 0.0
Fiber Essentials	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total	0.0	0.0	0.0	0.0	6.6	3.7	4.3	2.5	0.0	17.2
Capital Expenditure excl. Acquisitions

Water Solutions 32.0 12.9 11.6 11.7 33.3 20.1 17.4 9.8 68.2 80.5 Packaging & Hygiene Solutions 14.3 11.0 8.1 6.6 17.2 12.2 9.2 7.8 40.1 46.3 Fiber Essentials 24.8 11.2 15.3 7.9 22.2 22.1 22.2 11.6 59.1 78.1 Total 71.1 35.1 35.0 26.2 72.7 54.4 48.8 29.1 167.3 204.9

*Oil & Gas adjustment includes impact on each key figure from the divested Oil & Gas related portfolio (incl. Oil & Gas customers and additional non-Oil & Gas industrial polymer customers) and relevant costs and capital expenditure related to the divested manufacturing facilities.