DSM provides Q1 2021 trading update Highlights Group sales +7% and Adjusted EBITDA +13% Nutrition: sales +7%, organic sales +7%, Adjusted EBITDA +9% Materials: sales +13%, volumes +21%, Adjusted EBITDA +27% Outlook 2021: Group Outlook updated to reflect stronger Materials recovery Key figures - continuing operations 19.1% 1 Adjusted EBITDA is an Alternative Performance Measure (APM) that reflects results from usual operations. Organic sales growth is the total impact of volume and price/mix. Adjusted Net Operating Free Cash Flow is the cash flow from operating activities, corrected for the cash flow of the APM adjustments, minus the cash flow of capital expenditures and drawing rights. 2 Results and KPIs throughout this document reflect continued operations, excluding the Resins & Functional Materials and associated businesses which were classified as 'held for sale' in September 2020. The sale was finalized on 1 April 2021.