Presentation of Suominen Corporation's Q1 2015 results

1. Suominen Corporation
Q1 2015
Nina Kopola, President & CEO
Tapio Engström, CFO
27 April 2015

2. Agenda
• Highlights Q1
• Financial review Q1 and outlook
• Strategy and its implementation
• Q & A
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 2

3. Highlights Q1 2015
14.8%
33.2%
4.5 M€14%
USD/EUR30 - 50 M€
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 3

4. Net sales increased by 14%
Net sales, M€ Net sales, M€
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 4
97.2 93.1 93.5 89.8
98.4 95.3
103.3104.8
111.9
0
20
40
60
80
100
120
55.7
98.3
356.9
373.7
401.8
0
50
100
150
200
250
300
350
400
450
2010 2011 2012 2013 2014
- Net sales grew by 13.8%. The strengthening of the USD increased the net sales by 10.2%.
- Demand in the European market improved from the comparison period.
- In the comparison period, the net sales of the Paulínia plant are included only for two
months.
Continuing operations. Continuing operations.

5. 39%
20%
11%
22%
8% 1%
41%
15%
12%
22%
8%
Baby Household Industrial Personal Care Hygiene and medical Other
Q1 2015: 111.9 M€
Convenience 92%, Care 8%
2%
Typically products with higher added value
The share of baby wipes increased due to the
acquisition of the Paulinia unit in Brazil
Q1 2014: 98.4 M€
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 5

6. Operating profit improved 14%
Operating profit excl. NRI, M€ and % Operating profit excl. NRI, M€ and %
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 6
- Strengthening of the USD improved operating profit
- Operating profit was affected by costs (EUR -0.8 million) arising from the vested share-
based incentive plan 2012–2014. The costs of the incentive plan increased from the
initial estimate due to the revisions in the number of shares transferred to key
employees and the strongly improved share price.
4.9 %5.0 %
5,0 %
4.6 %
6.5 %
5.8 %
8.4 %
5.9 %
6.5 %
0%
2%
4%
6%
8%
10%
0.0
2.0
4.0
6.0
8.0
10.0
M€ %
-6.5 % -4.4 %
4.2 %
5.2 %
6.7 %
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
-10
-5
0
5
10
15
20
25
30
2010 2011 2012 2013 2014
M€ %
Continuing operations. Continuing operations.

7. Financial
review Q1

8. Profit for the reporting period increased from the
comparison period
Profit for the reporting period, M€
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 8
1.4
1.0
2.6
0.6
2.6
2.2
0.6
4.8
3.5
0
1
2
3
4
5
6
-12.0
-11,8
-2.8
5.7
10.2
-15
-10
-5
0
5
10
15
2010 2011 2012 2013 2014
Profit for the reporting period, M€
Continuing operations. Continuing operations.

9. Statement of profit or loss
Healthy cost structure
Costs of the share-based
incentive plan burdened
operating profit
Financial expenses grew
due to the fluctuations in
exchange rates
Net sales grew, strong
impact of USD
Effective tax rate
38.6%
EUR thousands 1-3/2015 1-3/2014 1-12/2014
Net sales 111,934 98,353 401,762
Cost of goods sold -97,547 -87,039 -352,091
Gross profit 14,387 11,314 49,671
Other operating income 950 768 2,655
Sales and marketing expenses -1,902 -1,444 -6,278
Research and development -851 -614 -2,877
Administration expenses -4,681 -3,459 -14,144
Other operating expenses -611 -181 -2,177
Operating profit excluding non-
recurring items 7,292 6,384 26,851
Non-recurring items − -233 -954
Operating profit / loss 7,292 6,151 25,897
Net financial expenses -1,621 -1,467 -8,075
Profit/loss before income taxes 5,670 4,684 17,822
Income taxes -2,188 -2,099 -7,645
Profit/loss for the period from
continuing operations 3,482 2,585 10,177
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 9

10. Statement of financial position, assets
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 10
EUR thousands 31 Mar 2015 31 Mar 2014 31 Dec 2014
Non-current assets
Goodwill 15,496 15,496 15,496
Intangible assets 12,598 12,826 12,510
Property, plant and equipment 92,197 106,426 88,721
Loan receivables 8,202 − 8,202
Available-for-sale assets 1,113 938 1,124
Held-to-maturity investments 433 467 450
Other non-current receivables 2,518 511 2,614
Deferred tax assets 5,276 7,313 5,516
Total non-current assets 137,833 143,976 134,633
Current assets
Inventories 30,914 36,174 32,380
Trade receivables 60,599 61,894 52,269
Loan receivables 600 59 600
Other current receivables 4,108 7,396 4,618
Assets for current tax 1,381 326 1,682
Cash and cash equivalents 38,036 15,227 38,430
Total current assets 135,639 121,076 129,979
Total assets 273,472 265,052 264,611
Strengthening of the
USD impacted
working capital

11. Statement of financial position, equity and liabilities
EUR thousands 31 Mar 2015 31 Mar 2014 31 Dec 2014
Equity
Share capital 11,860 11,860 11,860
Share premium account 24,681 24,681 24,681
Reserve for invested unrestricted equity 69,572 97,123 97,192
Treasury shares -44 -44 -44
Fair value and other reserves 14 -1,045 96
Exchange differences 8,216 -2,168 3,419
Other equity -15,901 -48,299 -46,890
Total equity attributable to owners of the
parent
98,398 82,108 90,313
Hybrid bond 16,653 17,640 18,424
Total equity 115,051 99,748 108,737
Liabilities
Non-current liabilities
Deferred tax liabilities 9,832 7,179 8,789
Provisions − 126 −
Other non-current liabilities 2,454 1,857 1,729
Debentures 75,000 − 75,000
Other non-current interest-bearing liabilities 6,667 70,388 6,667
Total non-current liabilities 93,953 79,550 92,185
Current liabilities
Current interest-bearing liabilities 3,333 24,060 3,347
Liabilities for current tax 941 522 246
Trade payables and other current liabilities 60,194 61,172 60,096
Total current liabilities 64,468 85,754 63,689
Total liabilities 158,421 165,304 155,874
Total equity and liabilities 273,472 265,052 264,611
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 11
Decrease in the
nominal value of the
hybrid bond due to
the conversions made

12. Strong cash flow from operations
Cash flow from operations, M€ Cash flow from operations, M€
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 12
-2.1
2.9
4.3
16.3
-0.4
11.3
16.9
9.3
4.5
-5
0
5
10
15
20
-2.5
-2.9
24.9
21.3
37.1
-5
0
5
10
15
20
25
30
35
40
2010 2011 2012 2013 2014
• In previous years, Suominen’s cash flow from operations has remained negative
in the first quarter.

13. Statement of cash flows
EUR thousands 1-3/2015 1-3/2014 1-12/2014
Cash flow from operations
Profit / loss for the period 3,482 2,892 4,973
Total adjustments to profit / loss for the
period
8,319 8,254 39,953
Cash flow before changes in net
working capital
11,802 11,146 44,927
Change in net working capital -107 -8,856 6,140
Financial items -5,317 -1,534 -6,514
Income taxes -1,886 -1,176 -7,434
Cash flow from operations 4,493 -419 37,119
Cash flow from investments
Investments in property, plant and
equipment and intangible assets
-1,664 -1,122 -7,740
Investments in acquired businesses − -19,334 -19,261
Cash flow from disposed businesses − − 4,736
Sales proceeds from property, plant and
equipment and intangible assets
10 31 59
Cash flow from investments -1,654 -20,424 -22,206
The financial items
were impacted by
currency forward
contracts hedging
equity and the
interests of the
debenture bond paid
Less capital tied up
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 13

14. Statement of cash flows, continued
Rahavirtalaskelma sisältää myös lopetetut liiketoiminnot.
EUR thousands 1-3/2015 1-3/2014 1-12/2014
Cash flow from financing
Drawdown of hybrid bond − 17,500 17,500
Drawdown of debenture bond − − 75,000
Drawdown of other non-current interest-
bearing liabilities
− − 10,000
Repayment of other non-current
interest-bearing liabilities
− -14 -78,220
Changes in current interest-bearing
liabilities
-14 -6 -18,324
Share issue 340 − −
Distribution of funds -2,504 − −
Cash flow from financing -2,177 17,481 5,956
Change in cash and cash equivalents 662 -3,364 20,869
Cash and cash equivalents at the
beginning of the period
38,430 18,585 18,585
Effect of changes in exchange rates -1,056 6 -1,025
Change in cash and cash equivalents 662 -3,364 20,869
Cash and cash equivalents at the end of
the period
38,036 15,227 38,430
Cash flow in 2014 includes also discontinued operations.
Distribution of funds
to the shareholders
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 14

15. Outlook for 2015
• Suominen repeats its previous estimate, disclosed on 30
January 2015, that for the full year 2015 the company expects
its net sales and operating profit excluding non-recurring
items to improve from year 2014.
• In 2014, Suominen’s net sales amounted to EUR 401.8 million
and operating profit excluding non-recurring items to EUR
26.9 million.
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 15

16. Strategy
for 2015–2017

17. We target growth, market-driven way of operating
and product leadership
Organic growth
exceeding
industry
average
Market-driven
way of
operating
Product
leadership
17Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.4/27/2014

18. Understanding the end user remains
in the heart of our strategy
Fiber
producer
Nonwovens manufacturer
Brand owner
Converter
Retailer
Primary
production
18Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.4/27/2014

19. Purpose – why?
Our purpose is to make nonwovens continuously better
for people.
Suominen core
Strategy – how?
• Deliver superior value in thoughtfully selected market
applications.
• Drive proactive key account management for mutual value
creation.
• Execute demand driven supply chain.
• Evolve culture and capabilities to build strong product
company.
Vision – where? Market Driven Product Leader
19Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.4/27/2014

20. We have a focused plan to implement growth
strategy
Extend
geographical
reach
Acquisitions
Not in focus in the strategy
period 2015 - 2017
Sustain &
improve
Retrofit Expand
Projected growth investments
30–50 ME until 2017
20Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.4/27/2014

21. Growth investment program was launched swiftly
and is proceeding as planned
Paulínia, Brazil
Bethune, SC, USA
Nakkila, Finland
Alicante, Spain
21Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications.4/27/2014

22. Three new products with higher added value were
launched during Q1
• Fibrella™ Perf
- Absorbent and soft nonwoven for wound care as well as surgical
applications.
- Investment in the Paulínia plant in Brazil enables the launch for the South
American markets.
• Hydraspun® Dispersible Plus
- Dispersible, next-generation nonwoven for flushable wiping products.
- Suominen has filed a patent for the range of products.
• Fibrella™ Lite
- Extremely lightweight and soft, but also strong and stretchable
nonwoven targeted to the global hygiene market.
- Perfect for the next-to-skin components of hygiene products.
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23. Mid-term financial targets
• Increase net sales organically at a rate that exceeds the average
growth rate of the industry. (In 2014, Suominen’s net sales grew
organically 3.5%, slightly faster than the industry average.)
• Have a solid capital structure with a gearing ratio principally between
40% and 80%. (Q1/2015: 33.2%).
• Clearly improve relative profitability. The target level of the company’s
return on investment (ROI) is above 12%. (Q1/2015, rolling 12
months: 14.8%).
4/27/2015 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 23

24. Summary
4/27/2014 Suominen is a globally leading supplier of nonwovens for wiping, hygiene and medical applications. 24
14.8%
33.2%
4.5 M€14%
USD/EUR30 - 50 M€

25. Thank you!
We’re now ready to answer
your questions.
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