Recupero Etico Sostenibile S.p.a · MIL:RES

Recupero Etico Sostenibile — Investor Presentation (May 2026)

14 slides from Recupero Etico Sostenibile's investor presentation, May 2026

  1. Slide 1: Slide 1

  2. Slide 2: RES: An End-to-end Circular Economy Player

    RES: An End-to-end Circular Economy Player 1 RES Today Circular Economy in Every Business Unit Plastic products Plastic products Pyrolytic oil Plastic recycling Plastic bin Leading provider of integrated waste recycling bin Plastic granulates management and environmental services Chemical Mechanical

  3. Slide 3: Fully Vertically Integrated Structure Spanning the Entire Value Chain

    Fully Vertically Integrated Structure Spanning the Entire Value Chain 2 SELECTION/ RECOVERY OF MATERIALS NEW RECYCLED RAW COLLECTION TREATMENT AND ENERGY PRODUCTION MATERIAL PRODUCTION 213k tons waste Secondary recycled Consortia Third-party raw materials (rPET, rHDPE, rPP) (distributors/ Pre/sorted

  4. Slide 4: Strategic Geographic Position Powered by State-of-the-art Plants

    Strategic Geographic Position Powered by State-of-the-art Plants 3 Pozzilli Within 40km and near to the SELECTION PLANT FOR SSF PRODUCTION R&D CENTRE main third-party facilities  Sorted waste  Non-hazardous special waste Tufo Colonoco COMPOSTING AND TMB1 PLANT LANDFILL Tufo BIOSTABILISATION PLANT

  5. Slide 5: From Landfill to a Fully Integrated Industrial Player in Circular Economy

    From Landfill to a Fully Integrated Industrial Player in Circular Economy 4 1989-2008 2008-2024 2024 Landfill Mechanical recycling & Organic Recycling Chemical Recycling 2024 Listing on EGM 2023 INNOVATIVE HUB FOR PLASTIC RECOVERY… First year of operations at the selection plant 2019 First year of o

  6. Slide 6: Focus on Pyrolysis – Unlocking Wide White Space for Growth

    Focus on Pyrolysis – Unlocking Wide White Space for Growth 5 Riding the high growth outlook driven by supportive EU …to become the first waste management entering the chemistry regulations… industry EU new Packaging and Packaging Waste Regulation Chemical recycling plant (pyrolysis)  Target to reac

  7. Slide 7: RES at the Forefront of Innovation – new ongoing projects 2026-2028

    RES at the Forefront of Innovation – new ongoing projects 2026-2028 6 1 2 3 Expansion of polymer (biopolymer) 4 Landfill mining & innovative Recovery of car components Chemical recycling of polyurethane production non-invasive landfill inspection EU regulation EU challenge Polylactic Acid (PLA) Main

  8. Slide 8: Strong Top Line Growth Paired with Outstanding Margin Expansion

    Strong Top Line Growth Paired with Outstanding Margin Expansion 7 Total Revenues (€m) EBITDA (€m, %) EBITDA margin 21.5% 32.4% 29.8% Adj EBITDA margin 22.5% 35.2% 32.8% 33.9 31.7 20.7 +6.8% 11.2 11.1 10.3 10.1 +53.5% 4.4 4.6 2023A 2024A 2025A 2023A 2024A 2025A EBIT (€m, %) Net Income (€m, %) EBIT Ne

  9. Slide 9: NWC Fully Under Control Backed by a Sound Balance Sheet

    NWC Fully Under Control Backed by a Sound Balance Sheet 8 Fixed Assets (€m) Net CapEx (€m) ~90% of CapEx are expansionary, mainly related to the expansion of Pettoranello plant 54.1 39.6 0.1 30.2 18.1 0.1 13.8 0.4 48.5 11.7 1.9 34.6 1.1 0.7 25.3 16.2 12.7 11.0 4.6 4.9 5.6 2023A 2024A 2025A 2023A 202

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: Governance

    Governance 10 Board of Directors Board of Statutory Auditors Giovanni Petrollini President Maria Valerio President Antonio Valerio Enrico Testa CEO Independent Director Paolo Milano Anthonj Tamburri Standing Auditor Standing Auditor Antonio Valerio Piero Angelone Director Independent Director Meri P

  12. Slide 12: Income Statement

    Income Statement 11 Income Statement 2023A 2024A 2025A Revenues 19.2 27.9 30.5 Changes in work in progress, semi-finished and finished products 0.3 1.7 0.6 Other revenues 1.2 2.1 2.8 Total Revenues 20.7 31.7 33.9 Cost of raw materials (1.0) (1.5) (1.8) Change in inventory of raw and consumable mater

  13. Slide 13: Balance Sheet

    Balance Sheet 12 Balance Sheet 2023A 2024A 2025A Intangible assets 4.6 4.9 5.6 Tangible assets 25.3 34.6 48.5 Financial assets 0.4 0.1 0.1 Fixed Assets 30.2 39.6 54.1 Inventories 0.7 2.5 3.1 Trade receivables 6.0 6.3 8.2 Trade payables (8.1) (7.6) (7.0) Trade Working Capital (1.4) 1.2 4.2 TWC on Tot

  14. Slide 14: Disclaimer

    Disclaimer 13 This document (the "Document") has been prepared on the basis of publicly available information (the "Information") concerning Recupero Etico Sostenibile S.p.A., a company whose shares are traded on the Euronext Growth Milan multilateral trading facility organized and managed by Borsa

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