Envipco Holding N.v. · EURONEXT:ENVI
Envipco — Investor Presentation (June 2026)
40 slides from Envipco's investor presentation, June 2026
Slide 1: A Recycling Technology Leader Creating a Cleaner World for Future Generations
A Recycling Technology Leader Creating a Cleaner World for Future Generations Investor presentation | June 2026 1
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco’s management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertaint
Slide 3: A global recycling technology company set for further growth
Unprecedented global market A global recycling opportunity Captured leading position in technology European markets company set for Investing in highly competitive delivery platform, products and services further growth Executed by a seasoned team Driving revenue growth and profitability 3
Slide 4: Envipco helps nations reach collection targets
Envipco helps nations reach collection targets Cost-efficient automation securing clean material streams for recycled content Envipco automates and provides services for Deposit Return Schemes (DRS) Reverse Vending Machine (RVM) solutions Customers - an integral part of well functioning DRS Malta Re
Slide 5: Why we continue to win with our customers
Why we continue to win with our customers Broad and proven Proven track Ample production Consultative product portfolio record with world capacity approach addressing all leading retailers in USA, Germany, addressing customer segments showing our quality Greece and customers' unique and commitment R
Slide 6: Proven ability to capture markets introducing DRS
Proven ability to capture markets introducing DRS Hungary Romania Greece +4,000 60% ~6,000 35% +1,000 +90% RVMs Mkt share RVMs Mkt share RVMs Mkt share • DRS live January 2024 • DRS live 30 November 2023 • Entered in 2016 with local • Envipco one of two RVM providers • Sebes assembly facility opened
Slide 7: Significant demand for RVM solutions ahead
Significant demand for RVM solutions ahead Population in new DRS market will multiply over the coming years Population in new DRS markets Million EU Packaging and Interoperable national Packaging Waste UK DRS Regulation (PPWR) Deposit Management Organization (DMO) appointed 90% By Spring 2025 (compl
Slide 8: Markets prioritized from DRS second wave
Markets prioritized from DRS second wave Anticipated next wave of DRS legislation in European markets Population 2023 2024 2025 2026 2027 2028 2029 2030 Romania 19.0 Hungary 9.6 Ireland 5.3 Poland 36.7 Portugal 10.6 Greece 10.4 UK 68.4 Turkey 85.3 Serbia 6.6 Spain 48.4 France 68.3 Czech Republic 10.
Slide 9: U.S. — mature market, steady execution
U.S. — mature market, steady execution ● Strong established U.S. position: ~45% market share, ~7k RVMs installed, 40+ years of pioneering experience ● Positioning Quantum in North American market through successful deployments to NY and CT based redemption centers, exploring opportunities in other m
Slide 10: Poland — building into the market
Poland — building into the market ● Signed agreement to supply RVMs to Netto Polska ○ 700 Optima and Flex RVMs on throughput basis ~700 ○ Deliveries commenced; full deployment expected in 2026 RVMs signed to Netto ● Poland DRS live since Oct 2025; gradual ramp in container Polska across 680+ stores
Slide 11: Portugal — DRS live April 2026
Portugal — DRS live April 2026 ● Portugal DRS soft-launched 10 April 2026 with grace period for industry participants — 19th EU country to implement DRS ● Multiple agreements positioned for delivery through 2026 1,700 Retail stores >400m2 ○ Sole supplier of Bulk-Feed Collection Network for SDR Portu
Slide 12: Expanding Quantum network in the Netherlands
Expanding Quantum network in the Netherlands ● Envipco is supplying Quantum bulk feed RVMs to the DMO Statiegeld Nederland under a frame agreement announced Q3 25 ● Installed 50 Quantums, building order book on strong commercial momentum ● Statiegeld Nederland has announced plans to build broad netw
Slide 13: UK secured landmark commercial wins
UK secured landmark commercial wins ● Envipco appointed exclusive RVM supplier by two leading UK retailers 3,800 ○ 1,500 Compact RVMs to Iceland Foods RVMs from two exclusive retail wins ○ 2,300 RVMs (Compact, Flex, Optima) to one of UK’s largest retailers ○ Deliveries from H1 2027, sales including
Slide 14: Greece — well positioned as DRS tenders advance
Greece — well positioned as DRS tenders advance ● Greece progressing towards soft DRS launch in 2026 ○ DRS Hellas SA appointed as operator, backed by major beverage and retail stakeholders ○ Public tenders scheduled to close shortly ● Proven track record in Greece with 500+ Quantum collection points
Slide 15: Envipco is facing an unprecedented market opportunity
Envipco is facing an unprecedented market opportunity A €4 billion market opportunity The first 50 years The next +5 years >100k Global installed RVM base +200k New RVMs demanded 80k DRS live next couple years 15
Slide 16: Envipco growth platform
Envipco growth platform Four pillars of development building on a strong fundament Existing business Greenfield growth Brownfield growth M&A Develop current New DRS markets Existing DRS Expand markets markets markets and segments 16
Slide 17: Revenue growth drivers
Revenue growth drivers A mix of external and company specific factors DRS launch Character of DRS Market share Contract type Market structure Timing of markets Soft vs hard launch Competition Sales, lease, Fragmented vs throughput, mix concentrated Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 17
Slide 18: Maintaining ambitious targets ahead
Maintaining ambitious targets ahead +30% ~40% +20% Market share in Gross margin EBITDA margin greenfield markets 18
Slide 19: Outlook — Converting pipeline into deliveries
Outlook — Converting pipeline into deliveries ● Market tailwinds — EU PPWR and national DRS legislation to triple Envipco's TAM as new markets launch ● 2026 portfolio — Poland and Portugal building; Romania robust though below 2025; Hungary steady; Netherlands strong; Greece tenders advancing for co
Slide 20: Making recycling easier.
© envipco Making recycling easier.
Slide 21: Contact
Contact: investors@envipco.com For further information: www.envipco.com/investors
Slide 22: Appendix
@envipco Appendix 22
Slide 23: Interim financial statements (IFRS)
Interim financial statements (IFRS) Consolidated Statement of Comprehensive Income EURk (unaudited) Q1 26 Q1 25 YTD 2026 YTD 2025 Revenues 19,730 20,999 19,730 20,999 Cost of revenue (13,005) (13,169) (13,005) (13,169) Gross Profit 6,725 7,830 6,725 7,830 Selling and distribution expenses (1,376) (1
Slide 24: Interim financial statements (IFRS)
Interim financial statements (IFRS) Consolidated balance sheet EURk (unaudited except 31.12.2024) 31.03.2026 30.12.2025 30.09.2025 30.06.2025 31.03.2025 Intangible assets 14,453 14,652 14,229 14,207 14,616 Property, plant and equipment 23,135 22,502 21,217 21,219 21,446 Financial assets 3,146 3,319
Slide 25: Interim financial statements (IFRS)
Interim financial statements (IFRS) Consolidated cash flow statement EURk (unaudited) Q1 26 Q1 25 YTD 2026 YTD 2025 Operating results (4,496) (2,016) (4,496) (2,016) Adjustment for: Depreciation & Amortization 2,352 2,507 2,352 2,507 Deferred revenue 531 (988) 531 (988) Changes in: Changes in trade
Slide 26: Profit & Loss
Profit & Loss in EUR million, unaudited Q1 26 Q1 25 FY 25 Q1 26 Revenues 19.7 21.0 90.4 ● Group revenues down 6% y/y - Europe 12.0 12.3 56.1 ○ Increased share of installations on - North America & RoW 7.7 8.7 34.3 throughput/lease ○ Postponed deliveries in existing markets Gross Profit 6.7 7.8 30.1
Slide 27: Europe
Europe Quarterly revenues (EUR million, unaudited) Q1 26 Program services RVM sales 14.4 14.3 15.0 ● Revenues EUR 12.0m, -2% y/y 12.3 12.0 ○ Timing of markets cause quarterly variations 12.7 12.5 12.7 ● RVM sales EUR 10.2m (11.0m) 11.0 10.2 ○ Higher share of throughput/lease sales 1.3 1.7 1.8 2.3 1.
Slide 28: North America
North America Quarterly revenues (EUR million, unaudited) Q1 26 Program services RVM sales Series3 8.7 8.6 8.8 8.3 7.7 ● Revenues of EUR 7.7m, -11% y/y 1.3 1.1 0.7 1.9 0.7 ○ FX adjusted -1% 7.4 7.5 7.6 6.9 7.0 ● Program services revenues -5% y/y to EUR 7.0m Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 ○ FX adjuste
Slide 29: Gross margin
Gross margin Gross profit development ● Reported margin 34.1% EUR million, unaudited ○ Positively affected by product mix ○ Reflecting lower capacity utilization in 37.3% 36.6% 35.0% 34.1% assembly operations and building of service 32.3% organization in new markets 25.1 % 8.4 7.8 7.9 6.7 6.0 Q1 25
Slide 30: Operating costs
Operating costs Operating costs (EUR million, unaudited) ● Total opex EUR 11.2m in Q1 26, up 14% y/y ● 597 employees at quarter end, up 114 y/y ○ ~50% in field service and assembly ● The company continues to tightly manage its operating cost base while continuing to 10.4 10.6 11.1 11.2 9.8 invest to
Slide 31: Financial position
Financial position Balance sheet (EUR million, unaudited) Q1 26 ● Balance sheet total down 151.1 158.5 158.5 151.1 ○ Total assets EUR 151.1m (158.5m) 33.1 ○ Cash EUR 41.6m (59.9m) 41.6 59.9 44.8 ● Working capital up EUR 10.8m to 68.3m 22.2 ○ Inventories up EUR 5.2m to EUR 34.5m on raw material 7.8 b
Slide 32: Cash flow
Cash flow Cash flow (EUR million, unaudited) Q1 26 ● Cash from operating activities EUR -15.5m ○ Working capital increase of EUR 12.5m driven by higher inventories to secure components and -15.2 meeting anticipated higher activity levels -1.3 -1.7 ● Cash flow from investing activities EUR –1.3m ○ PP
Slide 33: Magna
Magna New product advancements ● Powerful high-capacity RVM built for busy retail and recycling environments ● Environmentally rated -20C to +40C ● Accessibility kit ● Modular expansion 33
Slide 34: Quantum S
Quantum S New product advancements ● Time-tested Quantum technology in a compact footprint ● Designed for high-traffic locations where space is a premium ● Flexible storage modulation ● All-weather reliability 34
Slide 35: Quantum Solar
Quantum Solar New product advancements ● Modular platform for Quantum ● Off-grid operation ● Single-phase 230V ● Reduces opex and capex ● Increases operational flexibility 35
Slide 36: Quantum: The Genesis of bulk feed
Quantum The Genesis of bulk feed 36
Slide 37: Modula: Adaptable high-speed backroom solution
Modula Adaptable high-speed backroom solution 37
Slide 38: Flex & Optima
PLASTIC & CANS Flex & Optima 38
Slide 39: Compact: Advancing RVM technology to C-store segment
Compact Advancing RVM technology to C-store segment 39
Slide 40: Envipco Automaten GmbH
Envipco Automaten GmbH Osnabrück, Germany 40