Azelis Group N.v. · EURONEXT:AZE
Azelis — Investor Presentation (May 2026)
29 slides from Azelis's investor presentation, May 2026
Slide 1: Azelis Group NV - Innovation through formulation
Innovation eee .. @e@azelis throu r } r ) r) formulation Azelis Group NV May 2026
Slide 2: Disclaimer
Disclaimer This document may contain statement relevant to Azelis Group NV (the “Company”) and/or its affiliated companies (collectively “Azelis” or the “Azelis Group”) which are not historical facts and are hereby identified as “forward-looking statements”. Such forward looking statements, include, wi
Slide 3: Azelis at a glance
Azelis at a glance Sustainability leader Digital future Top-industry rated by Sustainalytics Scalable digital backbone | e-Lab Global Attractive Innovation Strong & resilient M&A Profitable & platform end markets1 driven growth story compounder asset light €4.1bn ~63% +13.9% €411m revenue Life Scienc
Slide 4: Introduction
Introduction
Slide 5: Azelis: reference innovation service provider and accelerators
Market An active One agile segment consolidator Azelis leadership Azelis is the reference innovation service provider for speciality chemicals and food Accelerators ingredients Innovation Sustainability Digitalisation Customer’s First Choice programmes Strategic Winners of the Future Future Fit
Slide 6: Azelis is a key participant in the speciality chemicals & food ingredients value chain
Azelis is a key participant in the speciality chemicals & food ingredients value chain Production Technical services & distribution marketing & sales execution Consumption Exclusive partnership Technical & consultative sale (mandate) of a portfolio of products Low volume customers Local solutions se
Slide 7: Global market reach with local footprint
Americas EMEA Asia-Pacific 34.9% Revenue 45.5% Revenue 19.6% Revenue 1,000+ FTEs 1,900+ FTEs 900+ FTEs 23 Offices 63 Offices 27 Offices Global market reach with local footprint +4,100 employees of 77 different nationalities based in 64 countries 7 Corporate presentation
Slide 8: Investment Highlights
Investment Highlights A global market Leader in fragmented 1 industry with clear structural growth drivers Long-standing relationships with leading 2 global specialty chemicals principals 3 Highly diversified and resilient business Proven growth accelerators: award-winning 4 innovation, sustainabilit
Slide 9: Speciality chemicals & food ingredients distribution market overview
Speciality chemicals & food ingredients distribution market overview
Slide 10: Speciality chemicals distribution is very different from commodity chemicals distribution
Speciality chemicals distribution is very different from commodity chemicals distribution Speciality chemicals Commodity chemicals Complex and proprietary formulations Bulk materials Targeting end markets’ specific application needs Product Minimal variation per application Typically not hazardous Pri
Slide 11: Attractive global speciality chemicals & food ingredients distribution market
Attractive global speciality Principals and customers seeking to rationalise relationships chemicals & food ingredients distribution market Rising importance of global market access and breadth of product offering Large, fragmented global market Outsourcing trend driven by principals’ need for reduce
Slide 12: Innovation through formulation
Innovation through formulation
Slide 13: Azelis's comprehensive portfolio, offering a one-stop shop for customers
Introducing Azelis’s comprehensive portfolio, offering a one- stop shop for customers Helping our customers to win and our principals to grow we provide innovation services to create value for Our principals Our customers Building longstanding Offering technical expertise, co-creation Market insights
Slide 14: Our labs play an essential role in defining innovative solutions
Our labs play an essential role in defining innovative solutions with our portfolio, to serve customers and principals Combining products … Azelis leverages its 70+ labs to create and ... to support our joint customers throughout the from multiple enhance both new and existing formulations … product
Slide 15: Prestigious international innovation awards
44 Prestigious international innovation awards since 20151 15 Corporate presentation 1 Company information as of 31-December-2025
Slide 16: Digitalisation
Digitalisation
Slide 17: Through our digital platforms, we connect our customers and our principals
Through our digital platforms, we connect our customers and our principals Azelis services Azelis digital ecosystem Digital data lake Formulation expertise Scalable digital backbone Azelis service platforms Product knowledge Integrated SHEQ Master data & e-Lab Customer Principal ERP system hub analy
Slide 18: Sustainability
Sustainability
Slide 19: Commitment to sustainability
Commitment to sustainability These recognitions reflect the strength of our sustainability programme and our commitment to driving positive impact across the value chain. Corporate presentation © 2026 Azelis group. All rights reserved 19
Slide 20: Impact 2030 scope and targets
Impact 2030 scope and targets: our holistic sustainability program to ensure compliance and drive sustainable growth Portfolio People Environment Governance We provide our customers with a We are committed to being a global We lead the chemical distribution We conduct business with fairness and port
Slide 21: An active consolidator
ooo . eeazelis ive An act consol idator
Slide 22: An active consolidator: creating further growth opportunities for our partners
An active consolidator: creating further growth opportunities for our partners Growing with Growing with Growing through customers principals M&A Leverage technical expertise Reduce complexity and Accelerate growth by and portfolio synergies to create value for principals acquiring strategically gro
Slide 23: Strategic focus on four key areas to drive growth through acquisitions
…with a strategic focus on four key areas to drive growth through acquisitions 1 2 3 4 Geographic End market Principal Cost synergies expansion expansion relationships 23 Corporate presentation
Slide 24: Financial overview
Financial overview
Slide 25: Our business mix is diversified across end markets, principals, geographies and customers
End markets (Revenue 2025) Lubricants & MWF… Advanced Materials & Personal Care Additives Pharma & Our business mix is diversified Industrial CASE Healthcare Life across end markets, principals, Chemicals ~ 37% Sciences ~ 63% geographies and customers Chemicals Food & Nutrition Nutraceuticals Homecar
Slide 26: Financial results that speak for themselves
Financial results that speak for themselves Adjusted EBITA more than doubled since 2019 Revenue (1) (€m) Gross profit (€m) Organic growth (%) Life Sciences Industrial Chemicals Gross profit margin (%) 0.2 15.7 20.1 (5.9) (1.1) (1.6) 21.2 22.0 23.0 23.4 23.7 24.5 23.6 +2ppts +1% +1% (2)% +45% 4.109 4.1
Slide 27: Strong free cash flow generation through the cycle
Strong free cash flow generation through the cycle • Proven track record of Free Cash Flow 601 generation on the back of: 438 442 • Asset light business model (Capex <0.5% 342 of revenue) Free Cash • Continuous optimization of working Flow (1) (€m) 188 182 capital efficiency 137 • Counter-cyclical work
Slide 28: Capital allocation priorities
Capital allocation priorities • Investments into existing Azelis portfolio to fuel organic growth • Shareholder remuneration via dividends • De-leveraging to moderate level consistent with BB+ credit rating and value-accretive acquisitions 28 Corporate presentation
Slide 29: Thank you
Innovation through formulation