Sustainability report

AAK Sustainability Report 2020 4 Everything we do is about Making Better Happen™ AAK specializes in plant-based oils that are the value-adding ingredients in many of the products people love to consume. We make these products better tasting, healthier, and more sustainable. We enhance their sensory experience – by giving the silkier mouthfeel in premium chocolate, the juicier texture in a plant-based burger, and the puffier appearance in a lower-fat pastry. We can also optimize their production by substituting existing ingredients with plant-based equivalents that give better efficiency. AAK’s value- adding solutions enable our customers to be success- ful in a better way. At the heart of AAK’s offer is Customer Co-Develop- ment, combining our desire to understand what better means for each customer, with the unique flexibility of our production assets, and a deep knowledge of many products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice and Personal Care. Our 3,900 employees support our close collaboration with customers through 25 regional sales offices, 15 dedicated Customer Innovation Centers, and with the support of more than 20 production facilities. Listed on Nasdaq Stockholm and with our headquar- ters in Malmö, Sweden, AAK has been Making Better Happen™ for 150 years. AAK’s story Operational key figures (SEK million unless otherwise stated) 2016 2017 2018 2019 2020 Volumes, thousand tons 1,966 2,129 2,239 2,290 2,195 Net sales 22,057 26,436 27,592 28,510 27,934 Adjusted operating profit (EBIT)* 1,615 1,786 1,956 2,157 2,165 Operating profit 1,615 1,786 1,956 2,142 2,167 Operating profit per kilo, SEK 0.82 0.84 0.87 0.94 0.99 Cash flow from operating activities 1,213 1,099 1,090 1,558 2,023 Earnings per share, SEK** 3.95 4.71 5.21 5.86 6.16 Equity per share, SEK** 29.65 30.21 35.11 40.74 38.00 Dividend per share, SEK** 1.46 1.63 1.85 2.10 2.30 *** Return on Capital Employed, R12m, percent 15.8 15.6 15.8 14.9 14.3 CEO salary, SEK million per annum 20.1 15.1 12.5 18.7 15.1 Number of employees 2,971 3,399 3,609 3,884 3,978 Lost Time Injury Rate (LTIR) 0.6 0.8 0.6 0.4 0.4 Absence rate, percent 3.0 2.3 3.5 3.6 1.6 Women on the Board of Directors, percent 50 66 57 50 50 Energy consumption per unit processed material (GJ) 2.33 2.25 2.36 2.22 2.10 * Adjusted for non-recurring items and acquisition costs ** Share data recalculated in accordance with the decided share split (6:1) by the Annual General Meeting on May 30, 2018 *** In accordance with the Board of Directors’ proposal