Umicore Investor Presentation June 2021 Introduction to Umicore We are a global materials technology and recycling group One of three global A leading supplier of key The world’s leading leaders in emission control materials for rechargeable recycler of complex waste catalysts for light-duty and batteries used in electrified streams containing heavy-duty vehicles and transportation and portable precious and other for all fuel types electronics valuable metals 3 With a unique position in clean mobility materials and recycling Internal Plug-In Hybrid Combustion Engine Electric Vehicle Umicore provides: Umicore provides: Emission control catalysts Battery cathode materials and emission control catalysts Full Electric Vehicle Fuel cells Umicore provides: Umicore provides: Battery cathode materials Electro-catalyst and battery cathode materials Present across all drive trains and offering sustainable closed- loop services 4 Built on sound foundations Supportive Unique business Industry leader in megatrends & model sustainability legislation resource scarcity more stringent emission control electrification recyclingrecycling of the automobile We help improve air quality, make electrified transport possible and tackle resource scarcity 5 5 Unique position in Automotive Catalysts CATALYSIS Strong growth drivers: Umicore best positioned to Tightening emission norms for capture growth in growing LDV and HDD, in particular in gasoline segment; technology China, Europe and India leader in cGPF platforms in China and Europe Significant value uplift especially in gasoline catalysts Umicore well positioned to Increasing share of gasoline capture growth in HDD segments platforms in the global mix Umicore expanding capacity in Increasing uptake of fuel cell fuel cells drivetrains 6 Unique position in Rechargeable Battery Energy & Surface Materials for xEV Technologies Electrification confirmed as main avenue to drastically reduce vehicle emissions in mid- and Umicore uniquely positioned to address long-term long-term requirements of this industry, while managing short-term fluctuations Strongly supported by legislation and evidenced with agility by massive roll-out of car OEM’s e-mobility strategies Full spectrum of highest quality cathode materials Increasing electrification drives strong market demand in mid and long-term Process technology and ability to scale up fast Technology roadmap offers ample room for Innovation pipeline spanning next innovation and differentiation 20 years Product Integrated supply chain and battery Process recycling Closed loop offering 7 Unique position in Recycling RECYCLING Metallurgical leadership and proprietary technologies for Increasing resource scarcity and need for closing the treating complex residues and by- loop products Growing complexity of materials to recycle Closing the loop Increased availability of complex materials, in particular in product businesses by end-of-life materials offering recycling services Eco-efficient recycling processes are becoming the norm Over 200 different input streams Umicore uniquely positioned to capture growth as the Recovery of more than 20 different metals world’s largest and most complex precious metal recycler with world class environmental and quality standards 8 A focused Group structure CATALYSIS ENERGY & SURFACE RECYCLING TECHNOLOGIES Automotive Catalysts Rechargeable Battery Materials Precious Metals Refining Precious Metals Chemistry Cobalt & Specialty Materials Jewelry & Industrial Metals Fuel Cells & Stationary Catalysts Metal Deposition Solutions Precious Metals Management Electro-Optic Materials Capital employed* Revenues* Adj. EBIT* (excluding metal) (average) 12% 26% 26% 37% 42% 61% 13% 51% 32% * FY 2020 data; corporate not included 9 With a robust financial performance and a global presence Key figures (FY 2020) Adj. Revenues EBITDA € 3.2 bn € 804 m Adj. EBIT ROCE € 536 m 12.1% REVENUES BY GEOGRAPHY* Europe Clean North America mobility and R&D recycling 7% of South America 77% of revenues revenues Asia-Pacific Africa * 2020 data 10 Umicore’s strategy - Horizon 2020 Horizon 2020 as presented in 2015… successfully delivered Clear leadership in Turned sustainability clean mobility into a greater materials and competitive edge recycling Rebalanced the Doubled the size of portfolio & earnings the business in terms contributions of earnings 12 Clear leadership in clean mobility & recycling A leap forward over the Horizon 2020 timespan CATALYSIS ENERGY & SURFACE RECYCLING TECHNOLOGIES Strong market share gains in LDV Record €1.1bn investments in cathode Successful ramp-up of new capacity gasoline applications, in particular in materials expansion since 2016 in and enhanced capabilities in Hoboken China and Europe Korea, China and Poland Record performance in 2020 with a Leading light-duty catalyst supplier in Construction of first industrial-scale nearly doubling of adjusted EBIT YoY China since 2019 cathode materials production plant in Europe Optimization of supply feed to benefit Strongly growing HDD business in from structural growth in highly complex China and Europe Sizeable multi-year strategic supply PGM-containing materials agreements with LG Energy Solutions Growing traction for fuel cells and new and Samsung SDI for NMC cathode Acceleration of environmental production plant in Korea for fuel cells materials investments (€25m per annum) catalysts fully ramped up Integrated battery materials footprint enhanced through Kokkola acquisition 13 Double the earnings Objective achieved in 2018, 2 years ahead of target ADJUSTED EBIT* Million of Euros 600 500 Record adjusted EBIT in 2020 400 Adj. EBITDA* steadily growing from € 405m in 2014 to € 804m in 2020 300 514 536 200 Average ROCE 15%+ target: 255 Steady ROCE increase through 2018; 100 average capital employed nearly doubled over Horizon 2020 0 2014 2018 2020 *excluding discontinued operations 14 A focused and balanced portfolio Through simplification and targeted investments Divestment of Complemented with selected acquisitions and investments, non-core activities to focus on clean mobility & recycling 2016: sale of Zinc CLEAN MOBILITY Chemicals • Haldor Topsoe and Ordeg acquisitions 2017: sale of Building Products and large area • Capacity expansions in automotive and fuel cell catalyst coating activities of Thin production Film Products 2018: sale of European • Significant production capacity activities of Technical RECYCLING expansions in cathode materials Materials • Capacity and capability expansion • Kokkola acquisition Production • Multi-year investments in safety and footprint environmental performance of from 66 to Hoboken plant 47 sites 15 Sustainability is in our DNA Value chain and society 77% 75% 72% Gold & silver certified conflict-free by LBMA 2020 67% 2019 Responsible custody/sourcing certified by 2018 RJC for platinum, palladium & rhodium 2017 Founder of Global Battery Alliance (GBA) 2016 REVENUES FROM Promotor of Battery Passport project of GBA CLEAN MOBILITY AND RECYCLING First Platinum Medal by EcoVadis (rated since 2013) 4.1% of cobalt used from recycled origin 16 Sustainability is in our DNA Eco-efficiency 64% -59% -67% -17% Metal Metal Energy emissions emissions consumption* 36% to air* to water* *vs 2015 benchmark 64% Secondary & end-of-life materials 38 energy efficiency projects at 36% Primary materials 26 sites accounting for 95% of our energy consumption 17 Sustainability is in our DNA Great place to work Very high retention rate at 96% globally 2% 12% Increased focus on Diversity & Inclusion with: 56% • 30% of managers recruited being women in 2020 WORKFORCE • Increase of women in management roles and in senior management BY REGION positions (23% and 10.7% respectively in 2020) • 74 nationalities employed at Umicore 30% Colleagues remained connected through the digital workplace during the pandemic 56% Europe 30% Asia-Pacific 83% of sites without LTAs 12% North & South America 2% Africa 10,859 colleagues in 33 countries 18 Let’s go for zero The new strategy builds Net Zero on 20 years of GHG emissions by 2035 achievements. Our new ambitions are truly bold. We are raising the bar, both for ourselves and our industry. Zero Zero harm inequality Net Zero GHG. Zero regrets. Endless possibilities. 20 -20% GHG emissions by 2025 -50% GHG emissions by 2030 vs. 2019 Switch to renewable energy Full disclosure on environmental impact Continued process, materials & energy efficiency Net Zero 100% GHG emissions by 2035 sustainable supply Carbon neutral growth -25% Sustainability-linked remuneration at diffuse emissions by 2025 all management levels vs. 2020 with continuous improvement on metal emissions to air & water Increased non-European representation in management teams by 2025 No work-related injuries Gender parity in management No occupational exposure excess rate Zero Zero harm inequality as soon as possible with 35% women in management by 2030 100% Safety induction for new hires Safety leadership training Pay Equality 100% Process Safety Standards compliance Wellbeing for all employees Net Zero GHG. Zero regrets. Endless possibilities. 21 Our ambitious commitment: net zero GHG scope 1 & 2 emissions by 2035 Net Zero % -100 GHG -50% -20% 2019 2025 2030 2035 Baseline 792 kTon CO2e Scope 3 GHG emissions reduction target in 2022 for SBT validation of our Net Zero GHG ambitions 22 Governance ESG Committee Supervisory Board ESG on the agenda of both the Management Board Reporting & overview and the Supervisory Board Internal advisory body convened by the Management Board