Kemira (KEMIRA) Investor presentation summary

Profile and portfolio

• 2025 revenue was €2,753.5m, operative EBITDA margin 19.1%, and operative ROCE 16.5%; sales reached 100+ countries, with ~4,800 employees at Q3 2026.

• 2025 revenue mix: Water Solutions 45% (€1,222m), Packaging & Hygiene Solutions 35% (€970m), and Fiber Essentials 20% (€562m).

• Water Solutions ranked #1 in coagulants globally and #3 in EMEA polymers; Packaging & Hygiene Solutions ranked #2, with ~15% market share.

Strategy and financial targets

• Strategic priorities are to expand in water, build a renewable solutions portfolio, and unlock adjacent growth platforms.

• Targets: double water revenue, exceed €500m in renewable chemistry revenue by 2030, and build longer-term revenue growth.

• Long-term group targets are average annual organic growth above 4%, operative EBITDA margin of 18–21%, and operative ROCE above 16%.

• Growth plans combine organic expansion, acquisitions, and investments, with water and renewables identified as M&A focus areas.

Q3 2026 performance

• Q3 revenue rose 3% YoY to €708.9m, mainly driven by acquisitions; organic growth was 0% and operative EBITDA fell 18% to €112.8m, with a 15.9% margin.

• Q3 operative EBITDA margin declined across all business units: Water Solutions 19.7%, Packaging & Hygiene Solutions 9.3%, and Fiber Essentials 19.3%.

• Cost inflation linked to the Middle East conflict and lower volumes pressured profitability; customer price increases only partly offset higher input costs.

• ANMAC Water Treatment Service and REPUR acquisitions closed in Q3; SIDRA Wasserchemie closed in early October.

• Q3 operating cash flow was €57.0m, down from €132.2m YoY; net debt was €649m and rolling 12-month operative ROCE was 11.7%.