Corticeira Amorim Sgps Sa · EURONEXT:COR
Corticeira Amorim Sgps Sa — Corticeira Amorim — Investor Presentation (May 2025)
42 slides from Corticeira Amorim Sgps Sa's investor presentation, May 21, 2025
Slide 1: Corticeira Amorim Profile
_Corticeira Amorim Profile Mayi2025
Slide 2: Index
Index O01 The World Leader in Cork O02 Amorim Florestal O3 Amorim Cork 04 Amorim Cork Solutions O5 Sustainable by nature The World Leader in Cork
Slide 3: The World Leader in Cork
The World Leader in Cork The largest global exporter of cork The oldest cork company in the world in continuous operation (1870) The World's largest cork processing company Presence in 26 countries in 5 continents The biggest distribution network in the sector (56 distribution companies) Diversified
Slide 4: Mission, Vision and Values
Mission, Vision and Values Mission Add value to cork, in an ethical, competitive, distinctive and innovative way thatis in perfect harmony withnature Vision Be asustainable company, providing suitable value for the capital invested while promoting social equity, diversity integration and environment
Slide 5: Raw Material: Cork
Raw Material: Cork The outer bark of the Quercus Suber L. (cork oak tree) The process of natural cork extraction is called harvesting, a highly specialized process that does not harm the tree It takes, on average, 25 years before a cork oak can be harvested for the first time The following harvestin
Slide 6: Cork's own Nature
Cork’s own Nature Corkis a biodegradable and sustainable material, 10O% natural, renewable, recyclable and reusable » Acoustic insulator > Resilient » Thermal effective > Very light » Impermeable to liquids » Hypoallergenic and gases » Shock absorbent » Elastic and compressible > Soft touch » High t
Slide 7: Cork Oak Forest
Cork Oak Forest Annual cork production and cork forest area FRANCE a ons 2.8% Cork oak forest area (thousand hectares) Portugal 720 34% ITALY Spain 574 27% SPAIN 6,161 Tons Moroceo 383: 18% PORTUGAL 330%," 3.3% Algeria 230 11% ABO . Tunisia 86 4% a France 65 3% Italy 65 3% TUNISIA Source: Portugal:
Slide 8: Biodiversity and Ecosystem Services
Biodiversity and Ecosystem Services Cork oak forests’ multifunctional production system provides a series of ecosystem services (provision, regulation and cultural) » Natural CO; capture and storage » Act as a barrier against fires » Hydrological regulation and soil protection, halting desertificati
Slide 9: Sustainable Value Creation
Sustainable Value Creation Family-owned business with a strong track record of sustainable growth Fourth generation committed to foster investment and adopt best practices to address future challenges and to enhance long-term growth, profitability and positive impact 1870 -1960 1960 - 1990 1990 - 20
Slide 10: Shareholder Structure
Shareholder Structure AMERICO FERREIRA DE AMORIM FAMILY OFFICE ANTONIO FERREIRA AMORIM FAMILY OFFICE AMORIM INVESTIMENTOS E PARTICIPACGOES, SGPS, S.A. 10.32% CORTICEIRA AMORIM, SGPS, S.A. FREE-FLOAT Free-float includes 3,045,823 shares (2.29%) held by fund managed by Santander Asset Management, SA,
Slide 11: Balanced and Agile Governance Model
Balanced and Agile Governance Model Anglo-Saxon Model Appointments, Evaluation and General Meeting a = ~ Remuneration Committee Composed entirely ofindependent members} Audit Committee Board of Directors - Statutory Auditor 1 Composed entirely of independent members Executive Committee Risk Committe
Slide 12: Balanced and Agile Governance Model
Balanced and Agile Governance Model Leveraging Board Effectiveness Non- Independent: independent: 45.5% 54.5% Including an Independent Lead Director Termof Office:2024-2026 Men: 63.6% Women: 36.4% 25% of women at the Executive Committee 46-55:27.3% +65: 18.2% 56-65: 54.5% Combining vision, experienc
Slide 13: Worldwide Presence
Worldwide Presence 3 Agroforestry Units 13 Cork Raw Material Preparation Units 34 Industrial Units 56 Distribution Companies 8 = Joint Ventures The World Leader in Cork AMORIM. 13
Slide 14: Diversified Client Portfolio
Diversified Client Portfolio SS, « AHYUNDAI TOSHIBA 22 ©) BOSCH 2 ¥ TAYLOR’S socraPe ¥ 2. HEADY INDUSTRIES COWTO, Invented forllife PORT : °, & mistral = irramespdin == DIAGEO vitra. @ esa CAMPARIGROUP Honeywell — QUINTA: NOVAL "a S % * & & Constellation AIRBUS ALSTOM SIEMENS A NTINO RI 4 see TREASU
Slide 15: Sales, 2024
Sales, 2024 Sales by Geographical Area 15% ™EU* SUSA @RestofAmerica — Australasia ™ Portugal © RestofEurose ® Atrica * Includes Switzerland and Norway and excludes Portugal Sales by Business Unit ~23%"** m Amorim Cork = Amorim Cork Flooring m= Amorim Cork Composites Amorim Cork Insulation Amorim Flo
Slide 16: 25.0% 000.0 20.0% 800.0 15.0% 600.0 10.0% 400.0 5.0% 200.0 0.0 0.0%
25.0% 1 000.0 20.0% 800.0 15.0% 600.0 10.0% 400.0 5.0% 200.0 0.0 0.0%
Slide 17: Capex, Debt, Net Debt / EBITDA, Dividends
300.0 5.0 120.0 15.0% 4.5 13.0% 250.0 100.0 4.0 11.0% 3.5 200.0 80.0 9.0% 3.0 150.0 2.5 60.0 7.0% 2.0 5.0% 100.0 40.0 1.5 3.0% 1.0 50.0 20.0 1.0% 0.5 0.0 0.0 0.0 -1.0% Capex Capex/vendas 140 Debt Net Debt / EBITDA 120 45.0 100.0% 100 90.0% 40.0 80.0% 35.0 80 70.0% 30.0 60.0% 60 25.0 50.0% 20.0 40.0%
Slide 18: Vertical Integration
Vertical Integration Maximizing the value of resources through product diversification Anew Organisational Model, bringing together Amorim Cork Composites, Amorim Cork Flooring and Amorim Cork Insulation, implemented from January 2025 CORTICETRA AMORIM —__[ —_[ —_[ —__[ —_ | AMORIM AMORIM FLORESTAL
Slide 19: Amorim Florestal Key Figures, 2024
Key Figures, 2024 231.6 ME in turnover 1.2 million square meters of cork yards 8,181 hectares of owned agroforestry land 3 Agroforestry Units 13 Raw Material Preparation Units » Development of agroforestry projects in its owned estates » Responsible for the sourcing, purchase, stocking and preparati
Slide 20: Amorim Cork Key Figures, 2024
Key Figures, 2024 732.3 M€ in turnover 5.3 billion closures sold annually (21 million /day) 21,000 active clients, in 85 countries Main markets: France, Italy, USA, Spain, Portugal, Germany, Chile 28 Industrial Units 40 Distribution Companies » R&D+I with special focus on sensory performance » Cork
Slide 21: Business Segments
Business Segments Still Wine Sparkling Wine » Wide range of high-quality cork stoppers for still » Champagne and sparkling wine cork stoppers, wines, as different wines demand different solutions with high levels of physical, chemical, and wo . oenological performance >» Cork stoppers are divided in
Slide 22: Products' Portfolio
Products’ Portfolio Unique portfolio of cork stoppers covering all segments: still wine, sparkling wine and spirits Natural cork stoppers Technical cork stoppors Both Still Wine Sparkling, Frizzante, Beer and Cider Spirits ¢ af AMORIM AMORIM AMORIM CORK CHAMPCORK TOP SERIES Amorim Cork AMORIM. 22
Slide 23: Non-detectable TCA Performance
Non-detectable TCA Performance Breakthrough technologies to deliver non-detectable* TCA performance across different cork stoppers price points Naturity’ delivers premium value with superior neutrality, maximising the performance of natural cork stoppers Xpur’ allows for a robust and deeper cleansin
Slide 24: Amorim Cork Solutions Key Figures, 2024
Key Figures, 2024* 213.1 M€ in turnover More than 500 applications | products Main markets: USA, Germany, Portugal, France Sales to close to 90 countries 6 Industrial Units 16 Distribution Companies » Reuses and reinvents materials in a wide array of areas, having adopted circular economy practices
Slide 25: Business Areas
Business Areas Aerospace AA ANS Footwear Ces _~sHome, Office Marine & Leisure Goods Playground surfaces §4Corkeen’ — Sportsturfsystems AMORIM Toys korko SPORTS Amorim Cork Composites AMORIM 25
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Slide 27: ESG Strategic Pillars
ESG Strategic Pillars Promote the environmental features of the products and the cork oak forest Promote well-being and equal opportunities for all Promote R&D+I andleverage economic performance Value chain en Reinforce responsible production and consumption, preferably selecting suppliers that adop
Slide 28: ESG Ambition: 2030
ESG Ambition: 2030 (Sustainability targets perimeter | baseline 2020) (Re) Zero 33.3% carbon footprint women workers G> (scopes 1 and 2) 100% 33.3% controlled renewable women in management electricity positions 20% Zero energy efficiency recordable work-related accidents mri | 40% 100% 0 water use e
Slide 29: Ethics and Integrity
Ethics and Integrity Act ethically, transparently and responsibly, in favour of competitiveness and the creation of sustainable value for all stakeholders and the planet Adopting CSRDas a reporting standard Reporting under EU Taxonomy Actively participating in discussion meetings with national and i
Slide 30: Climate Change
Climate Change Reduce the environmental impact of operations by adopting renewable, affordable and efficient solutions Increase the use of renewable energies Improve energy efficiency Reduce negative environmental impact emissions generated by the activity and value chain 14.5 % emissions generated
Slide 31: Biodiversity and Ecosystems
Biodiversity and Ecosystems Preserve the cork oak forest and ecosystem services by increasing knowledge, mobilizing resources and proposing initiatives £FSC® chain of oustody certificate « “in the cork industry (2004) @ Reinforce a responsible Supply Chain Close relationship with cork producers 44.1
Slide 32: Forestry Intervention Project
Forestry Intervention Project Leading the implementation of an innovative management model in partnership with forestry producers, research institutions and local authorities » Reduction of the first cycleof cork extraction (from current 25 years to half of that time) » Fighting pests and diseases(c
Slide 33: Circular Economy
Circular Economy Apply the principles of circular economy through the reduction of waste, extend the life of materials and regeneration of natural systems Integrated production processthat reuses all by-products associated with cork processing Reducing the generation of non-cork waste and promoting
Slide 34: Labour Relations, Employment and DEI
Labour Relations, Employment and DEI Create an inclusive and diverse working environment, guarantee equal opportunities and fair pay, and adopt policies that eliminate discrimination and harassment in the workplace Ensure equal access to opportunities End all forms of discrimination Protect labour r
Slide 35: Talent Management
Talent Management Encourage training and personal and professional development for all workers » Ensure training for all » Value merit-based, judgement-free learning, development, recognition and compensation practices Key actions: >» Employer branding: Participation in job fairs and events at educa
Slide 36: Safety, Health and Well-Being
Safety, Health and Well-Being Ensure the safety, health and physical and psychological well-being of all workers, and promote appropriate work environments Promote safe and secure work environments for all workers Provide access to essential quality health services Reduce the number of work-related
Slide 37: Value Chain
Value Chain Reinforce responsible production and consumption, preferably selecting suppliers that adopt good ESG practices » Eradicate forced labour and child labour >» Promote sustainable management and efficient use of resources » Strengthen partnerships for sustainable development Key actions: >
Slide 38: Customers and End-Consumers
Customers and End- Consumers Ensure product safety and quality, support research, development and innovation and promote sustainable solutions for all Amorim Cork: Ist choice for customers who want better quality and to contribute tot he mitigation of climate change Amorim Cork Solutions: 100% of fl
Slide 39: Community/Society
Community/Society Leverage economic growth in a sustainable and inclusive way, ensuring efficient production and decent work for all Having an impact on society and promoting its balance through active and long-term cooperation Promote social balance: supporting well-being, respect for human rights,
Slide 40: Environmental, Social and Economic Impact
Environmental, Social and Economic Impact The quantified indirect and induced impacts show that impact goes way beyond the financial statements production multiplier in the Portuguese economy multiplier in the direct value of the activity in Portugal (total net value added when incorporating ecosyst
Slide 41: Contact and Disclaimer
AMORIM Ana Negrais de Matos, CFA Corticeira Amorim, SGPS, S.A. IRO Rua Comendador Américo Ferreira Amorim, 380 T +351227 475.423 POBOX20 ana.matos@amorim.com 4536-902Mozelos, Portugal www.amorim.com T +351 22 747 54 00 F +35122 7475407 corticeira.amorim@amorim.com Disclaimer: This documenthas been p
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