Presentation of Suominen Corporation's Q4 and full year 2017 results.

1. Suominen Corporation
Q4 and FY 2017 Financial result
30 January 2018
Nina Kopola, President & CEO
Tapio Engström, CFO

2. Our purpose is to make life better.
Agenda
• FY 2017 highlights
• Strategy 2017–2021 & execution
• Financial review Q4 and FY 2017
• Proposal on the return of capital to shareholders
• Outlook for 2018
• Q&A
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3. Our purpose is to make life better.
- EUR/USD exchange rate partially
offset the impact of volume
growth.
- Competition remained fierce,
especially in Baby and Flushables.
- Prices and product mix
developed unfavorably.
- Costs of the growth investments
decreased further operating
profit.
+ Sales volumes (in tons) grew +4%.
+ Net sales of nonwovens for Home
grew strongly, +8%.
+ Cash flow remained healthy.
+ Ramp-up of the new production
line in Bethune, SC, US progressed.
+ Significant positive impact of the
US tax reform increased the profit for
the period.
Suominen FY 2017: Pros and cons
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4. Our purpose is to make life better.
- Sales volumes developed positively in the fourth quarter of 2018.
- Changes in EUR/USD exchange rate decreased the fourth quarter net sales by EUR 5.1 million from the comparison period.
- Unfavorable development of product mix decreased net sales.
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EUR/USD exchange rate development affected net sales
Net sales, EUR million Net sales, EUR million
104.2 103.9
108.8
103.8
100.4
112.9 112.0
102.4
98.7
0
20
40
60
80
100
120
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
373.7
401.8
444.0
416.9
426.0
320
340
360
380
400
420
440
460
2013 2014 2015 2016 2017
Continuing operations in 2013–2014.

5. Our purpose is to make life better.
The share of nonwovens for Home grew,
the total share of high value add products* declined
41%
21%
19%
9%
9%
2017
38%
25%
18%
9%
9%
2016
*Nonwovens for personal care products, home wipes, workplace wipes and for hygiene and medical products are typically high added value products.
For 2016, figures have been restated due to a reclassification of a customer.
Baby wipes Personal care wipes Home wipes Workplace wipes Hygiene & medical products
47%
18%
19%
10%
6%
2012
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6. Our purpose is to make life better.
- The total impact of the costs related to growth investments, mainly to the new manufacturing line in Bethune, were nearly EUR 5
million in 2017.
- We expect the new line to contribute positively to Suominen’s gross profit as of the first quarter of 2018.
- EUR/USD exchange rate fluctuation had no material impact on operating profit in Q4 or in FY2017
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4.3
5.5
8.7
7.9
3.5
6.3
4.4 4.6
-0.3
-2%
0%
2%
4%
6%
8%
10%
-2
0
2
4
6
8
10
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
EUR million %
The costs of the growth investments as well as unfavorable
development of product mix and gross profit impacted profitability
Operating profit Comparable operating profit
19.4
26.9
31.2
25.6
15.0
0%
1%
2%
3%
4%
5%
6%
7%
8%
0
5
10
15
20
25
30
35
2013 2014 2015 2016 2017
EUR million %
Continuing operations in 2012–2014.

7. Our purpose is to make life better.
Changemaker
strategy
for 2017‒2021
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8. Our purpose is to make life better.
Changemaker strategy in a nutshell
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Vision
Three cornerstones
Purpose

9. Our purpose is to make life better.
Suominen sustainability agenda for 2018–2021 is clearly linked with
business strategy
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A caring
company
Low-impact
manufacturing
The most
sustainable
nonwovens

10. Our purpose is to make life better.
Investment in Bethune, SC, US: The biggest hurdles are behind us
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• The ramp-up phase of the production
continued in Q4.
• The performance of the new manufacturing
line is continuously improving.
• Suominen expects the new line to
contribute positively to Suominen’s gross
profit as of the first quarter of 2018.

11. Our purpose is to make life better.
Financial
review
Q4 and FY 2017
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12. Our purpose is to make life better.
Profit for the period impacted significantly by the tax reform in the US
Profit for the period, EUR million Profit for the period, EUR million
1.9
3.4
5.2 4.9
1.6
4.2
2.1
1.8
6.3
0
1
2
3
4
5
6
7
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
5.7
10.2
17.0
15.2
14.5
0
2
4
6
8
10
12
14
16
18
2013 2014 2015 2016 2017
Continuing operations in 2012–2014.
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- Thanks to the federal corporate income tax rate decrease in the US from 35% to 21%, the net deferred tax liabilities were revalued
with the lower corporate income tax rate.
- In addition, Suominen was able to benefit from the accelerated tax depreciations of the new investments in the US. Utilizing
accelerated tax depreciations postpones the payment of income taxes to subsequent years.

13. Our purpose is to make life better.
Consolidated statement of profit or loss
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Positive effect of the US tax
reform
Weaker USD and product mix
decreased net sales
Gross profit declined
SGA costs under control
EUR thousand 10-12/2017 10-12/2016 1-12/2017 1-12/2016
Net sales 98,694 100,365 425,996 416,862
Cost of goods sold -92,352 -89,413 -383,839 -364,636
Gross profit 6,342 10,952 42,157 52,226
Other operating income 441 324 1,764 1,909
Sales and marketing expenses -1,904 -2,162 -7,262 -7,364
Research and development -1,116 -1,362 -4,739 -4,330
Administration expenses -3,842 -3,938 -16,861 -16,191
Other operating expenses -188 -275 -59 -629
Operating profit -267 3,540 15,000 25,622
Net financial expenses -988 -1,149 -2,570 -3,190
Profit before income taxes -1,256 2,391 12,430 22,432
Income taxes 7,570 -759 2,048 -7,199
Profit / loss for the period 6,314 1,632 14,478 15,233
Earnings per share, EUR
Basic 0.12 0.03 0.27 0.29
Diluted 0.11 0.03 0.25 0.26

14. Our purpose is to make life better.
Consolidated statement of financial position, assets
Growth investment program
completed
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EUR thousand 31.12.2017 31.12.2016
Non-current assets
Goodwill 15,496 15,496
Intangible assets 17,470 14,133
Property, plant and equipment 136,649 135,510
Loan receivables 3,072 6,836
Available-for-sale assets 777 777
Other non-current receivables 1,744 2,524
Deferred tax assets 5,142 3,424
Total non-current assets 180,349 178,698
Current assets
Inventories 44,241 42,631
Trade receivables 57,560 53,946
Loan receivables 4,337 1,550
Other current receivables 4,236 7,274
Assets for current tax 7,703 2,008
Cash and cash equivalents 27,240 29,522
Total current assets 145,318 136,929
Total assets 325,666 315,628

15. Our purpose is to make life better.
Consolidated statement of financial position, equity and liabilities
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EUR thousand 31.12.2017 31.12.2016
Equity
Share capital 11,860 11,860
Share premium account 24,681 24,681
Reserve for invested unrestricted equity 87,423 70,855
Treasury shares -44 -44
Fair value and other reserves 264 10
Exchange differences -3,151 12,613
Retained earnings 15,084 6,324
Total equity attributable to owners of the parent 136,117 126,300
Hybrid bond − 16,525
Total equity 136,117 142,824
Liabilities
Non-current liabilities
Deferred tax liabilities 14,558 11,195
Liabilities from defined benefit plans 984 1,081
Other non-current liabilities 350 364
Debentures 95,192 75,000
Other non-current interest-bearing liabilities 162 11,574
Total non-current liabilities 111,246 99,214
Current liabilities
Current interest-bearing liabilities 15,118 7,923
Liabilities for current tax 32 280
Trade payables and other current liabilities 63,154 65,388
Total current liabilities 78,304 73,590
Total liabilities 189,550 172,804
Total equity and liabilities 325,666 315,628
Hybrid bond fully converted

16. Our purpose is to make life better.
Cash flow from operations remained healthy despite the decline in
operating profit
Cash flow from operations, EUR million Cash flow from operations, EUR million
11.0
9.1
7.6
8.3
3.5
6.1
10.2
2.3
3.6
0
2
4
6
8
10
12
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
21.3
37.1
27.3
28.5
22.2
0
5
10
15
20
25
30
35
40
2013 2014 2015 2016 2017
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17. Our purpose is to make life better.
Statement of cash flows (1/2)
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EUR thousand 1-12/2017 1-12/2016
Cash flow from operations
Profit for the period 14,478 15,233
Total adjustments to profit the period 21,069 29,783
Cash flow before changes in net working capital 35,547 45,016
Change in net working capital -8,028 -6,277
Financial items -5,575 -3,895
Income taxes 207 -6,348
Cash flow from operations 22,152 28,496
Cash flow from investments
Investments in property, plant and equipment and intangible assets -33,839 -49,553
Cash flow from disposed businesses 287 313
Adjustments of purchase consideration − 161
Sales proceeds from property, plant and equipment and intangible
assets 5 8
Cash flow from investments -33,548 -49,072
Growth investment program
completed
Cash flow from operations on
good level

18. Our purpose is to make life better.
Statement of cash flows (2/2)
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EUR thousand 1-12/2017 1-12/2016
Cash flow from financing
Drawdown of non-current interest-bearing liabilities 25,730 −
Drawdown of current interest-bearing liabilities 25,000 −
Repayment of current interest-bearing liabilities -27,263 -3,359
Repayment in loan receivables 1,550 1,000
Tender and issuance costs of the bonds -5,190 −
Payment of hybrid bond interest -642 -624
Dividend distribution -5,585 -5,030
Cash flow from financing 13,599 -8,013
Change in cash and cash equivalents 2,203 -28,588
Cash and cash equivalents at the beginning of the period 29,522 55,570
Effect of changes in exchange rates -4,485 2,540
Change in cash and cash equivalents 2,203 -28,588
Cash and cash equivalents at the end of the period 27,240 29,522

19. Our purpose is to make life better.
Proposal on the return of capital to shareholders
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• The Board of Directors proposes to
the Annual General Meeting of
Suominen that a return of capital of
EUR 0.11 per share will be paid from
FY2017.
• The proposal is in line with
Suominen’s dividend policy.
0.19
0.32
0.29
0.27
0.11 0.11
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
2014 2015 2016 2017
EPS DPS
EPS and DPS*, €
0.05
0.10
2017: Proposal to the AGM.
2014: EPS concerns the result of the continuing operations.
DPS=In 2014, Distribution of funds; in 2017: return of capital

20. Our purpose is to make life better.
Outlook for full year 2018
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• Suominen expects that in 2018, its net sales and comparable operating profit will
improve from 2017.
• In 2017, Suominen’s net sales amounted to EUR 426.0 million and comparable
operating profit to EUR 15.0 million.

21. @SuominenOyj
Suominen Corporation
@SuominenCorp
Thank you!

22. Our purpose is to make life better.
Hybrid bond update 2017
• Suominen issued a convertible hybrid bond of EUR 17.5 million in February 2014.
• The holders of the bond notes are entitled to convert the notes and the potential
accrued capitalized interest related to the notes into Suominen shares. In
accordance with the terms and conditions, the conversion period started on 11
February 2014 and will end on 10 February 2018.
• In 2017, bond notes and the accrued interest related to the notes were converted to
total of 6,593,577 new Suominen shares. The conversion rate was recorded under
the reserve for invested unrestricted equity of Suominen.
• All notes of the hybrid bond are now converted into new Suominen shares.
• The number of shares in Suominen will no longer increase due to the conversion of
hybrid bond notes.
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