Kemira (KEMIRA) Investor Presentation summary

Business overview and strategy

• Revenue (excl. Oil & Gas) reached €2,903.5M in 2024, with an operative EBITDA of €582.1M and a 20.0% margin; ROCE at 20.6%.

• Three business units: Water Solutions (45% of sales), Packaging & Hygiene Solutions (35%), Fiber Essentials (20%).

• Global presence with 57 manufacturing sites, sales in over 100 countries, and strong customer concentration.

• Strategic focus on water treatment, renewable solutions, and sustainability-driven growth.

• New organization and leadership team effective January 2025 to accelerate growth.

Financial performance and outlook

• 2024 organic revenue growth was -1%, with Industry & Water up 3% and Pulp & Paper down.

• Operative EBITDA margin remained strong at 20.0%, supported by cost management.

• Net debt/EBITDA at 0.5, with a record-strong balance sheet and gearing at 16%.

• Dividend proposed at €0.74 per share, continuing a track record of annual increases.

• 2025 revenue expected between €2.8–3.2B and operative EBITDA €540–640M.

Segment highlights

• Water Solutions: Strong market position in coagulants, #1 in Europe, high customer retention, and ambition to double revenue.

• Packaging & Hygiene Solutions: #2 globally, 35% of group revenue, focus on sustainable and digital solutions.

• Fiber Essentials: Focus on pulp chemicals, strong in mature markets, proprietary technology, and high contract retention.