Q4 2022 Quarterly Presentation

Extraordinary
price initiatives in EMEA
implemented throughout the year 2022.

Profitable growth in Q4, despite the continued volatile environment
– driven by price increases on our products, continued growth in Americas, and acquisitions.

European margins improved from price increases.

Americas: Price increases in passthrough contracts.

EBITDA growth YoY in Q4, primarily driven by price increases in Europe, acquisitions in MENA & India, growth in Americas.

 

Raw-material prices somewhat lower in Q4, still at
historically high levels. Energy costs very volatile.