Financial targets

Neste Oil’s key financial targets are to achieve:

• A leverage ratio of 25–50%
• A return on average capital employed after tax (ROACE) of at least 15% annually over the long term.

In line with its dividend policy, Neste Oil aims to pay a dividend equivalent to at least a third of its underlying profits as calculated on the basis of the profit for the year based on the company’s comparable operating profit.

Target	Result in 2011	Chart
Leverage ratio of 25–50%	Leverage ratio of 45.7%
Return on average capital employed after tax (ROACE) of at least 15% annually over the long term	ROACE was 2.6%
At least a third of underlying profit paid as a dividend*	At the Annual General Meeting in 2012, the Board of Directors will propose a dividend of EUR 0.35 per share for 2011.

*Calculated on the basis of the profit for the year based on comparable operating profit.