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2015-09-15

Neste Capital Markets Day 2015: Growing ambitions

r 2015 at 1.30 pm. (EET)

Neste Capital Markets Day 2015: Growing ambitions

Neste Corporation is holding its Capital Markets Day 2015 in London today, 15
September, featuring presentations by senior management on subjects such as
the company's strategy, targets, and recent business developments.

Strategy

Neste's strategy is based on a renewed vision "Creating responsible choices
every day". It sets the direction for the company's ambition to grow and
offer its customers low carbon solutions. Neste's strategic targets remain
unchanged: be the Baltic Sea champion and grow in the global renewable
markets.

Neste's success in strategy implementation is based on its unique competitive
advantages. Capabilities are developed particularly in the areas of
commercial excellence and optimization across the entire Neste value chain.
Also feedstock sourcing and research remain one of the core focus areas.

Neste is determined to generate shareholder value and strong cash flow to
support investments in improved productivity and opportunities for growth, to
optimize debt, and to ensure favorable dividend distribution.

Baltic Sea champion

Neste aims to be the leading provider of low carbon solutions in the Baltic
Sea markets. It has a unique offering combining both fossil and renewable
products. It strives to be the company with the highest customer satisfaction
and focuses on growth opportunities.

Neste continues its efforts to enhance additional refining margin, which
decreases its exposure to market changes. The additional margin target is set
at higher than USD 5/bbl, and it will be achieved by performance improvement
actions focusing on availability and cost, continuous asset development, and
strengthening market position.

Neste will focus on taking full advantage of the integrated value chain and
leveraging captive sales volumes through its own network.

Global renewable growth

Neste is the global leader in the renewable diesel market, and wants to
develop significant business from non-traffic renewable product markets by
the end of the decade.

Neste has developed unique competitive advantages in flexible feedstock
supply, global supply chain, and drop-in solutions offered for customers. It
continues to drive additional margin increase through feedstock flexibility,
including the achieved capability to use 100% share of waste and residue
feedstock, productivity growth, and product value maximization.

Neste sees great potential in many new application areas such as bio-based
distillates, chemicals and plastics, where it can provide distinct
advantages. Neste has already announced first partnerships in bio-based
solvents and fluids. It intends to continue way forward with some of the
leading global brand owners to create unique bio-plastics and an ecosystem
around them. Neste targets to have 20% of its renewable business sales volume
from non -traffic applications by 2020.

Neste targets to generate EUR 100 million additional EBIT in Renewable
Products, including the non-traffic applications, by 2020.

Financial targets

Neste's most important financial targets are leverage and ROACE after tax, and
they remain unchanged. The leverage target is 25-50% and the ROACE target
15%.

Neste's dividend policy is maintained to distribute at least one third of the
company's comparable net profit for the year in the form of dividends.

Short-term outlook

The reference refining margin has continued strong, and the current forward
prices indicate reasonably high margin levels for the fourth quarter of 2015
as well. In Renewable Products the reference margin has improved as a result
of a healthier European market.

The major turnaround at Neste's Porvoo refinery was successfully completed in
June, and the refinery is back in high utilization. Also the renewable diesel
refineries are running at high production rates. Neste's productivity
investment program is progressing according to plan.

Neste is adjusting the way it gives guidance to be in line with industry
practice. Neste will continue to provide information about the short-term
market outlook and its own operational performance, which enables the capital
markets to draw sound conclusions on the company's financial performance.
Therefore, Neste will discontinue providing numerical guidance of results in
its short-term outlook from the beginning of 2016.

CMD presentation material in English will be available
atwww.neste.com/investorsfrom around 2.30 p.m. (EET) onwards.

The event can also be followed online atwww.neste.com/investorsfrom 2.30 p.m.
(EET) onwards.

A replay will be available after the event atwww.neste.com/investors.

Neste Corporation

Kaisa Lipponen
Director, Communications

Further information:
Jyrki Mäki-Kala, CFO, tel. +358 10 458 4098

Watch the video of Neste's new vision

Neste in brief

Neste is a pioneer in oil refining and renewable solutions. We provide our
customers with premium-quality products for cleaner traffic and industrial
products based on world-class research. Our sustainable operations have
received recognition in the Dow Jones Sustainability World Index and the
Global 100 list of the world's most sustainable companies, among others. Our
net sales for 2014 amounted to approximately EUR 15 billion, and our shares
are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved
forward by about 5,000 professionals. More information:neste.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire

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