Renewable Energy Advanced Fuels & Circular Economy

Patrick Pitkänen

Bioeconmy+ 9th October 2018

1 10.10.2018 St1 Company presentation St1 home market MARKET SHARES 2017 KEY FIGURES 2017

FINLAND Net Sales, MEUR ST1 Petrol 21.9% Home market consists of , and . Diesel 18.7% 6,540 Headquarters in . Employs more than 750 people. Light fuel oil 23.2% Operations are strengthened by strategic long-term partnerships SWEDEN Profit for the period, MEUR in various areas. 404 288 201 258 219 Petrol 19.0% STATION NETWORK Diesel 14.6% 209.1 Total of ca. 1400 St1- and Shell-sites Light fuel oil 22.4% in Finland, Sweden and in Norway.

NORWAY Return on Equity, %

ENERGY PRODUCTION Petrol 23.4% Biorefineries producing waste- Diesel 21.5% 23.4 based advanced ethanol. Industrial wind power plants. Geothermal Wind power plant Marine gas oil 23.9% pilot heat plant under construction. Biorefineries Oil refinery in Sweden. Wind farms owned by TuuliWatti Oy, Oil refinery an associated company of St1 and S-Voima.

2 10.10.2018 St1 Company presentation St1 vision: ”To be the leading producer

and seller of CO2-aware energy”

Our goal is to • Develop and commercialize functional and environmentally sustainable solutions • Deliver these solutions profitably

Each solution must be • Technically ready for use today • Ecologically and ethically sustainable • Logistically feasible

3 10.10.2018 St1 Company presentation The challenge – oil refining products

Crude oil refining produces always the same oil Liquefied petroleum gas

products: Petrol • light distillates, middle distillates, heavy distillates and Jet fuel residuum • i.e. if you produce Jet fuel, the process produces Diesel oil and the other products as well light fuel oil

Lubricants

Heavy fuel oil Crude oil Bitumen Preheating

4 10.10.2018 St1 Company presentation

Year 2017 in figures

6 10.10.2018 St1 Company presentation St1 Advanced Ethanol Production in Circular Economy

Waste & process St1 Biorefinery Solutions & Products and co-products residues sources Development Focus Ethanol Biogas Heat & Power New feedstock Advanced Biofuels & Renewable Energy Process Food Industry & Retail Animal Soil Etanolix® Fertilizers Feed Improvers

Agriculture & Nutrient Recovery Process Municipal & Side Commercial Products Bionolix®

Furfural Process Wood Industry Enzymes Side Products Future Products for Various Industry Cellunolix® Recycling Feedstock & Sourcing Technology & Development Partners Off take & Development Partners Partners

7 10.10.2018 St1 yritysesittely Jokioinen Etanolix® integrated to Enzyme production

Waste from food industry

Renewable C02 Enzyme production

Advanced Ethanol

Animal feed