Evonik Industries : Deutsche Bank Access German Corporate Conference, Frankfurt

Evonik

Leading Beyond Chemistry

Company Presentation Q1 2022

Key messages Q1 2022

Evonik-specific drivers supporting strong Q1 performance

Adj. EBITDA of €735 m (+25% yoy) clearly above expectations

Drivers of strong Q1 performance: Nutrition & Care with 9th quarter of resilient yoy growth; Performance Materials working as natural hedge against higher oil prices

Positive effect from own price increases further ramping up (>€750 m after ~€600 m in Q4 2021),

again overcompensating variable cost increases on Group level

FCF (€133 m) burdened by further outflow for NWC

as a result of continued cost inflation and higher safety stock levels to prepare for potential supply chain challenges

Outlook of adj. EBITDA between €2.5 and 2.6 bn confirmed

2 May / June 2022 | Evonik Q1 2022 Company Presentation

Managing through the current challenges…

FY outlook confirmed

Raw material prices

… managed well

• Higher variable costs successfully compensated via own price increases in each of the last five quarters

Outlook:

• Further price increases necessary and in implementation for the next quarters

Supply chain

… closely monitored

• Tight supply chains and raw material markets still putting limitations on sales potential

Outlook:

• China lockdown puts further stress on local & global supply chains

Energy … fully hedged for FY 2022	Demand … holding up well
▪ Flexibility from extending coal-fired power plant in Marl	▪ Healthy demand in Q1
▪ Low risk, high visibility for energy costs in 2022 (95% hedged)	▪ No slowdown in demand or order books visible yet

Outlook:

• Continued gas supply critical for European Chemicals industry and Evonik

Outlook:

• Outlook for FY 2022 confirmed, even assuming macro slowdown in H2

3 May / June 2022 | Evonik Q1 2022 Company Presentation

Key messages Capital Markets Day May 11th, 2022

Next Generation Evonik

Strong track record of strategic and financial execution over the last four years

"Enabler of Sustainable Change":

Portfolio circled around "Sustainability Focus Areas"

Sustainability fully integrated into the three strategic levers "Portfolio - Innovation - Culture"

Full focus on three attractive growth divisions

Exit Performance Materials in the course of 2023

Capital allocation into our green transformation:

"Next Generation Technologies" & "Next Generation Solutions"

Ambitious financial & non-financial targets;

integrated into management compensation scheme

4 May / June 2022 | Evonik Q1 2022 Company Presentation

Table of contents

1. Evonik at a glance
2. Strategy
3. Capital allocation & financial targets
4. Financials Q1 2022

5 May / June 2022 | Evonik Q1 2022 Company Presentation