Uponor AGM 2022 CEO presentation on business review

Upunor Business Review 2021

1. Business review
2021

15 March 2022
Annual General Meeting

Michael Rauterkus, President & CEO

2. 2021: Strong net sales
growth in all divisions

a growth of 15.6%.

d their

v

the first building mc companies to
e approval from the Science Based
initiative reduction

in April

manufac
anitary ins
tober

uponor |

3. Arecord year in both net sales and operating profit
in a very volatile market environment

Net Sales, ME Comparable OP, M€

uponor |:

4. 4 Net sales grew in all key markets in 2021

uponor | :

5. Building Solutions - Europe: © : e full year
Development in 2021 °

uponor

6. Building Solutions
- North America:
Development in 2021

ea:
500 25% pi erinput costs anc

9 2020 2021

mparable operating profit %

uponor |

7. Uponor Infra:
Development in 2021 din Finland, Norway

weden, in particular. Ne}
decreased

higherinput costs
compensated by

Unonor

uponor

8. » New Strategy - Maximizing the core and
sustainable innovation for profitable growth

More active growth agenda supported by organic growth,
commercial excellence and M&A

Increased investment in our focus areas: Innovation, technology,
net zero and people

More active group role in collaboration, synergies, strengthening
core competences

uponor |: ana en

9. » Maximize the core

INDOOR CLIMATE

7% organic CAGR since 2019. Significant opportunity to Bees rete
sil i ignificant opportunity

grow ahead of market by maximizing opportunities by na ey

Country, customer, channel and category piimprove our gr

position across Nordics

NORTH 12% CAGR since 2019. Continued room to grow shar.
AMERICA core PEX products by accelerating focus on commercial
plumbing and radiant segments.

10. » Growth opportunities by country

Uponor’s net sales
per capita in 2021

«ose
o5e-10€
BE vc-20¢
MN ES
| Di

uponor |»

11. » Strengthen our pipeline of innovative systems,
solutions and technologies

High performing systems)
to drive energy & water
efficiency

Material efficiency and =
transition to renewable
recycled materials

Productivity,

easy-to-install systems:

uponor : nn

u
Ecoflex VIP: Up to 60 %
reduction in heat loss

Ecoflex VIP

PEX Pipe Blue: 90% reduction PExPipe
in CO2 footprint compared Blue
to fossil-based PEX pipes

PEX Pipe Blue
Prefab: 4,500 m2 expansion in
Hacksta, Sweden to support 4
growth in prefabricated solutions

Ready Port

12. >

Structurally decreasing emissions

GHG emissions, 1,000 tonnes CO2e
14%

2 4 40 39

Scope 2 2

Scope]
2015 2016 2017 2018 2019 2020 2021

2

uponor

Uponor's sustainability journey

Recent advancements
Ecoflex
VIP salen
rn
13,1

2015 2021

Ultra Rib 2 Blue pipe SBTi commitment!

SCIENCE
BASED
TARGETS

1 testar loco base tr ges approved by SU

13. Our ESG targets by 2027

ENVIRONMENTAL IMPACT

Sustainability enabler and Collaboration in the industry

People first and top employer

commitment to SBTinet-zero targets and value for the society
+ GHG emissions: 70% reduction in + 40% both male and female + Collaboration with top 25

‘own operations, 20% in supply chain | in Top 50 management customers to strengthen impact

from 2019 level positions + Impactful social programs in all
+ Sustainable alternative for 50% of + Top tier engagement divisions we operate

portfolio scores

+ Zero accident ambition

Governance ESG targets are linked to managements’ STI and LTI programs

uponor |»

14. » New financial targets

PREVIOUS FINANCIAL TARGETS: AMBITION:
TARGETS 2022-2024 2025-

> Annual GDP growth a = ‚Ambition to accelerate growth
GROWTH ees Organic growth >4% rato
Ambition to increase OP-%
PROFITABILITY >10 OP-% re
GEARIN 40-80% 40-80%
DIVIDEND Min 50% of annual Growing
earnings

uponor | sons Genera wein. March 2022

15. > Short-term market outlook for Q1/2022
> Residential markets remain upbeat
> Non-residential markets stabilise further
> Supply chain and labour challenges persist

> Input costs still volatile

Guidance statement for 2022:

Excluding the impact of currencies, Uponor
expects its net sales and comparable
operating profit to increase from year 2021.

Increase indicates a growth of 2.5% or more.

uponor |

16. Moving> Forward