APRIL 26, 2024
Kemira Investor Presentation Chemistry with a purpose.
Better every day.
INVESTOR PRESENTATION
INVESTOR PRESENTATION
Content
- Kemira in brief
- Investment highlights
- Kemira as a sustainable investment
- Pulp & Paper
- Industry & Water
- Recent progress
- Appendix
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 2 |
INVESTOR PRESENTATION
Kemira in brief
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 3 |
Kemira in brief
LTM EXCL. OIL & GAS: REVENUE EUR 2,812 MILLION, OPERATIVE EBITDA EUR 586 MILLION, OPERATIVE EBITDA MARGIN 20.8%, OPERATIVE ROCE 21.6%
SEGMENT SPLIT | |
◼ 40% | ◼ 60% |
Industry & Water | Pulp & Paper |
#2 globally |
#1 in water treatment in Europe
GEOGRAPHIES
10% | ||||
APAC | ||||
35% | 1. China | |||
AMERICAS | 2. Indonesia | |||
1. USA | 3. South | |||
2. Canada | Korea | |||
3. Brazil | ||||
55% | ||||
EMEA | ||||
1. Finland | ||||
2. Sweden | ||||
3. Germany |
PRODUCTS
◼ 15% Other: | |
e.g. defoamers, | ◼ 25% Bleaching |
dispersants, | and pulping |
and biocides | |
◼ 15% | |
Sizing | |
and | |
strength | |
◼ 15% | ◼ 30% |
Polymers | Coagulants |
Revenue by geographies and product category represent FY 2023.
CUSTOMERS
Several thousand customers
TOP 10 customers are ~25% of revenue TOP 50 customers are ~50% of revenue
EXAMPLES OF
LARGEST CUSTOMERS
Municipalities, e.g.
Berlin, New York,
Paris, Shanghai
Note: Figures excl. Oil & Gas. Revenue by industry, product and geography rounded to the nearest 5%
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 4 |
Kemira in your everyday
COAGULANTS | POLYMERS | SIZING AND | BLEACHING |
STRENGTH |
30% | 15% | 15% | 25% |
Main water treatment chemical, | Important water treatment | Important specialty chemical in | ||||
pulp & paper, used to improve | Critical product in pulp & paper, | |||||
used to coagulate impurities in | chemical, used to separate | |||||
strength and water resistance | used to clean and bleach pulp | |||||
wastewater and drinking water | solid from liquid | |||||
of packaging materials | ||||||
% | Share of revenue | |
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 5 |
Global reach - local excellence
57 MANUFACTURING SITES
Regional HQ
Atlanta, USA
R&D
Atlanta, USA
AMERICAS 35% | |
UNITS IN AROUND | |
40 COUNTRIES | 1,200 |
SALES IN OVER | |
100+ COUNTRIES |
Polymers and other process chemicals (23) Bleaching and pulping (10)
Coagulants (24)
KEMIRA HQ
Helsinki, Finland
R&D
Espoo, Finland
Regional HQ
Shanghai, China
R&D
Shanghai, China
EMEA 55%
ASIA PACIFIC 10%
2,500
900
Employees
R&D and technology centers
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 6 |
Superior transformation into a water- focused company
1950 | 1961 |
Development of | Name changed |
first chemicals for | to Rikkihappo Oy |
paper applications | (Sulfuric acid Ltd.) |
STATE-
OWNED
1972 | 1985-1992 |
The "Kemira" | Expansion |
name adopted | continues in |
Europe e.g., | |
Belgium and | |
Spain | |
1994
Kemira is listed on the Helsinki stock exchange
PUBLICLY TRADED COMPANY
2008 | 2015 | 2023 |
Water chemistry | Acquisition of | Strategic review |
established as the | Akzo Nobel's | of the Oil & Gas |
focus of strategy | paper chemicals | business initiated |
business | ||
FERTILIZERS AS | CONGLOMERATE | |
CORE STRATEGY | ||
1920 | 1982 | 1989 |
First expansion | ||
Establishment of | Kemira expands | |
the state-owned | abroad to the UK | to Asia through |
sulphuric acid and | joint venture in | |
phosphorous | Japan | |
fertilizer plants |
2004
GrowHow listed on the Helsinki Stock Exchange
WATER AS
CORE STRATEGY
2009 | 2020 | 2024 |
Tikkurila listed on | Kemira centennial | Divestment of the |
the Helsinki Stock | anniversary | Oil & Gas |
Exchange | business closed |
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 7 |
Pulp & Paper - strong business with solid track record
REVENUE AND OPERATIVE EBITDA | REVENUE BY CUSTOMER | REVENUE BY | ||||||||||||
EUR million | TYPE AND MARKET GROWTH | PRODUCT CATEGORY | ||||||||||||
2,200 | 348 | 331 | ◼ 40% | ◼ 45% | ◼ 15% | ◼ 1% Other | ||||||||
2,000 | ||||||||||||||
Pulp | Board & | Printing & | ◼ | 40% | ||||||||||
◼ 10% | ||||||||||||||
tissue | writing papers | |||||||||||||
1,800 | 260 | 245 | Bleaching | |||||||||||
1,600 | 218 | Polymers | & pulping | |||||||||||
198 | 192 | |||||||||||||
◼ 20% | ||||||||||||||
1,400 | 2,028 | |||||||||||||
1,200 | 1,748 | Defoamers, | ||||||||||||
dispersants, | ||||||||||||||
1,477 | 1,520 | 1,523 | 1,458 | 1,560 | ||||||||||
1,000 | Market | biocides, | ◼ | 30% | ||||||||||
1-2% | 2-3% | -3--4% | ||||||||||||
800 | growth* | coagulants | Sizing & | |||||||||||
and | ||||||||||||||
strength | ||||||||||||||
600 | other process | |||||||||||||
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||||||
chemicals | ||||||||||||||
MARKET ENVIRONMENT | REVENUE BY GEOGRAPHIES AND | CUSTOMER EXAMPLES |
Solenis (paper) | #1 | MARKET GROWTH BY REGION | ◼ 15% | ||||
◼ 50% | ◼ 35% | ||||||
Kemira (pulp and paper) m.s. ~18% #2 | APAC | ||||||
EMEA | Americas | ||||||
Nouryon (pulp) | #3 | ||||||
Ecolab (paper) | #4 | ||||||
Market | 3-4% | 1% | 2-3% | ||||
Kurita (paper) | #5 | ||||||
growth* | |||||||
*chemical market growth in 2023-2028 | Note: Revenue by industry, product and geography rounded to the nearest 5% | ||||||
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 8 |
Industry & Water - strong market positions
REVENUE AND OPERATIVE EBITDA | REVENUE BY APPLICATION | REVENUE BY | ||||||||||||
EUR million | TYPE AND MARKET GROWTH | PRODUCT CATEGORY | ||||||||||||
1,800 | 336 | |||||||||||||
1,600 | ◼ 90% | ◼ 10% | ◼ 15% | ◼ 60% | ||||||||||
1,400 | ||||||||||||||
224 | Water treatment | Other | Other | Coagulants | ||||||||||
1,200 | 192 | |||||||||||||
181 | products | |||||||||||||
1,000 | 175 | Municipal | Industrial | |||||||||||
1,635 | ||||||||||||||
800 | 114 | 131 | 1,136 | 1,115 | 1,542 | such as | ||||||||
600 | 1,009 | 1,073 | 970 | defoamers | ||||||||||
400 | and biocides | |||||||||||||
200 | ||||||||||||||
0 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Market | 4-5% | 3-4% | ◼ 25% | |||
growth* | Polymers | |||||||||||||
MARKET ENVIRONMENT | REVENUE BY GEOGRAPHIES AND | |||||||||||||
WATER TREATMENT | CUSTOMER EXAMPLES | |||||||||||||
MARKET GROWTH BY REGION | ||||||||||||||
Market share | ||||||||||||||
◼ 5% | ||||||||||||||
Coagulants | Polymers | ◼ 55% | ◼ 40% | MUNICIPAL | INDUSTRIAL | |||||||||
EMEA | Americas | APAC | customer examples | customer examples | ||||||||||
EMEA | 25% | 25% | Amsterdam Los Angeles | |||||||||||
AMERICAS | 20% | 10% | Barcelona | Montreal | ||||||||||
Berlin | New York City | |||||||||||||
Main competitors in coagulants: | Oslo | Toronto | ||||||||||||
• | Feralco (Europe) | Market | Paris | Shanghai | ||||||||||
Stockholm | ||||||||||||||
• | Kronos (Europe) | growth* 4-5% | 5-6% | 5-6% | ||||||||||
• | Chemtrade (NA) | |||||||||||||
• | USAlco (NA) | *chemical market growth in 2023-2028 | ||||||||||||
Note: Figures excl. Oil & Gas. Revenue by industry, product and geography rounded to the nearest 5% | ||||||||||||||
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 9 | ||||||||||||
INVESTOR PRESENTATION
Investment highlights
A P R I L 2 6 , 2 0 2 4 | I N V E S T O R P R E S E N T A T I O N | 1 0 |
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Kemira Oyj published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:01:00 UTC.