Doing more with lessStora Enso transitionto biomaterials

Stora Enso in brief

2

Countries where Stora Enso has production facilities

Countries where Stora Enso has sales

Countries where Stora Enso has sales agents

Biomaterials transition

3

2014Acquisition of Virdia

technology and Danville R&D Centre

(US$33 mn)

2012Stora Enso

Biomaterials division set up

2014Demo plant

announced in Raceland, Louisiana

(€32 mn)

20152015 2016

Innovation Centre opens in Stockholm

Xylose plant in Raceland, Louisiana

to come online

Sunila lignin extraction came online (€32 mn)

Focus on four innovation clusters

4

100% of our wood is traceable to its forest of origin

5

Stora Enso Kraft lignin

Application opportunities− Phenol replacement in adhesives for plywood

and laminates− Carbon fibre (longer term)− Carbon black (longer term)

Key benefits− Renewable and cost-efficient alternative− Less price volatility− Less toxic

6

Ongoing transformation

7

70%

12%

21%

3%

2006 Sales30%

36%

15%16%

32%

1%

2015 Sales

PaperBiomaterialsWood productsPackagingOther and elimina-tions

64%

The journey continues

8

56789

101112

Return On Capital Employed (ROCE)

Q1 12

Q1 13

Q1 14

Q1 15

%