Avantium N.v. · EURONEXT:AVTX
Avantium — FY2025 Earnings Presentation
37 slides from Avantium's earnings presentation, Mar 18, 2026
Slide 1: Avantium Full Year 2025 Results
Avantium Full Year 2025 Results 18 March 2026 Full Year 2025 Results - Investor Presentation 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Avantium N.V. (the “Company”). For the purposes of this notice, the presentation that follows (the “Presentation”) shall mean and include the slides that follow, the oral presentation of the slides by the Company, the question-and answer session that
Slide 3: Avantium Today
Avantium Today Full Year 2025 Results - Investor Presentation
Slide 4: Avantium at a glance
Avantium at a glance Transforming sugars into next-generation bio-based plastic releaf® World’s 1st FDCA Plant 21 Offtake Agreements Established Opened in Oct 2024 HQ in Amsterdam (NL) Expected to be on stream 13 Capacity Reservations In 2000 in H2 2026 1 License Agreement 175 patent Publicly listed
Slide 5: Key pillars and investments highlights
Key pillars and investments highlights FDCA / PEF FDCA / PEF – Introducing a better & From sugars to ✓ 100% bio-based feedstock Innovative & cleaner bioplastic: the next ✓ Fully recyclable in PET stream unique product FDCA and PEF generation ✓ Lower carbon footprint bioplastic ✓ With superior proper
Slide 6: Commitments from leading brands
Commitments from leading brands Marit van Egmond Former CEO of Bottles PEF Textile Community 21 Besides packaging reduction, recyclability Bottle Collective and reuse, fossil-free materials are high on our wish list. With the use of PEF, we are giving substance to this.” Offtake Agreements Cosmetics
Slide 7: Marketed as releaf®
Marketed as releaf® Full Year 2025 Results - Investor Presentation 7
Slide 8: Status of Worldwide Recycling Endorsements for PEF
Status of Worldwide Recycling Endorsements for PEF PETボトルリサイクル推進協議会 Critical Guidance Interim endorsement Technology approval, 10% CPBR approval 10% PEF Recognition for 10% PEF monolayer (2% MP*) and multilayer fully compatible multilayer in PET bottle layer in PET bottle 10% multilayer (5% MP*) wit
Slide 9: Broad range of applications
Broad range of applications Full Year 2025 Results - Investor Presentation 9
Slide 10: Full Year 2025 Results
Full Year 2025 Results Full Year 2025 Results - Investor Presentation
Slide 11: Financial highlights FY 2025 (€ millions)
Financial highlights FY 2025 (€ millions) Revenues EBITDA Investments 21.0 58.6 14.6 20.7 (33.3) (36.1) FY24 FY25 FY24 FY25 FY24 FY25 Other income (grants) Cash position Borrowings 57.5 131.5 146.0 4.6 23.9 3.4 FY24 FY25 FY24 FY25 FY24 FY25 Full Year 2025 Results - Investor Presentation 11
Slide 12: Cash flows 2025 (€ millions)
Cash flows 2025 (€ millions) -10 -3 -35 78 -21 7 -10 27 57 24 Cash at 31-12-24 Drawdown Net equity raise Repayment of Other Financing Net Cash Used in CAPEX Investments Changes in Working Net Financing and Cash at 31-12-25 borrowings & borrowings Activities (Lease Operations Capital Interest Expense
Slide 13: What drives us?
What drives us? Full Year 2025 Results - Investor Presentation
Slide 14: The why
The why CURRENT FOSSIL, LINEAR BARRIERS FOR TRANSITION RENEWABLE, CIRCULAR ECONOMY ECONOMY • Inadequate recycling solutions ✓ Atmosphere: Oil-independent & lower CO2 Atmosphere: CO2 Climate change • Insufficient performance of bioplastic emissions Environment: Pollution & Microplastics ✓ Environ
Slide 15: Promising market outlook for bioplastics
Promising market outlook for bioplastics Global bioplastics market volumes by region, through 2029 (kilotons) Middle East and Africa 5,635 South America 4,755 Europe APAC North America 2,432 2,061 2023 2024 2028 2029 Full Year 2025 Results - Investor Presentation 15 Source: BCC Research, “Global Bio
Slide 16: FDCA / PEF: Superior performance and sustainability benefits
FDCA / PEF: Superior performance and sustainability benefits Full Year 2025 Results - Investor Presentation
Slide 17: FDCA: the key building block of PEF
FDCA / PEF - Innovative & unique FDCA: the key building block of PEF product MEG Flagship Plant - Project execution PET PET Crude oil 100% fossil-based PTA Plant-based Commercialization MEG PEF PEF 100% plant-based Sugars FDCA Full Year 2025 Results - Investor Presentation 17
Slide 18: PEF can be used in a very broad range of applications
FDCA / PEF - Innovative & unique PEF can be used in a very broad range of applications product Key applications Competing materials Addressable market1 Avantium’s partners Bottles Flagship Plant - Project execution >50 million Beer, Juices, Waters, Glass, Aluminium, ton/year Soft Drinks PET, Multi-l
Slide 19: PEF sustainable and superior alternative for PET
FDCA / PEF - Innovative & unique PEF sustainable and superior alternative for PET product A more sustainable …with superior properties… …providing distinctive value product… proposition Flagship Plant - Project execution >20% weight x10 Longer shelf life better reduction leading to food waste as les
Slide 20: PEF outperforms other sustainable polymers
FDCA / PEF - Innovative & unique PEF outperforms other sustainable polymers product Key features for a viable sustainable polymer Sustainable polymers side-by-side Flagship Plant - Project execution PEF combines all characteristics of a high-performance sustainable PEF rPET bioPET PBS PHA PLA polyme
Slide 21: PEF addressable market potential
FDCA / PEF - Innovative & unique PEF addressable market potential product PEF @ ~2.5€/kg 122.3 mta €240bn TAM Expected PEF price reduction to drive a massive expansion of our TAM Flexible films Flagship Plant - Project execution (laminates, food or hygiene packaging, etc.) PEF @ ~5€/kg Injection mol
Slide 22: PEF is both sustainable and price-competitive at scale
FDCA / PEF - Innovative & unique PEF is both sustainable and price-competitive at scale product 100kta 250kta Competing with aluminium and glass at €5.0/kg PEF Competing with mono-material PET at €2.5/kg PEF Flagship Plant - Project execution PEF Bottle Glass Bottle Aluminium Can PEF Bottle rPET Bot
Slide 23: FDCA Flagship Plant
FDCA Flagship Plant Full Year 2025 Results - Investor Presentation
Slide 24: FDCA Flagship Plant start-up status
FDCA / PEF - Innovative & unique FDCA Flagship Plant start-up status product FDCA Flagship Plant Proving Located in Critical for a First-of-a-kind Team of technology at Delfzijl, The successful plant 70 people 5kta scale Netherlands licensing strategy Flagship Plant - Project execution Laboratory FD
Slide 25: Commercializing releaf®
Commercializing releaf® Full Year 2025 Results - Investor Presentation
Slide 26: Releaf®: The next generation polymer, with superior performance benefits
FDCA / PEF - Innovative & unique Releaf® | The next generation polymer, with superior product performance benefits1 Superb barrier Flagship Plant - Project execution properties Circular, 10x enhanced better recyclability, oxygen barrier 100% plant- 73% based GHG emissions reduction Commercialization
Slide 27: Licensing strategy in motion
FDCA / PEF - Innovative & unique Licensing strategy in motion product Flagship Plant - Project execution Feedstock Limiting feedstock risk through 1st and 2nd gen strategy Avantium’s Commercial >100 kilotonnes of capacity reservations Capacity Reservations for Licensing future licensed plants Undisc
Slide 28: Global FDCA licensing opportunities for Avantium
FDCA / PEF - Innovative & unique Global FDCA licensing opportunities for Avantium product Technology licensing target customers – On a standalone or consortium basis Flagship Plant - Project execution Customer type Feedstock Chemical PET (/polymer) producers suppliers companies Process agricultural
Slide 29: FDCA – feedstock agnostic, utilising Gen 1 and 2 feedstocks
FDCA / PEF - Innovative & unique FDCA – feedstock agnostic, utilising Gen 1 and 2 feedstocks product 1st Generation feedstock Flagship Plant - Project execution ✓ Glucose/fructose from starch ➢ FDCA Flagship Plant is using Gen 1 feedstock: starch – an abundant co-product ➢ Regionally & commercially
Slide 30: Key takeaways
Key takeaways Most advanced Most advanced technology, strong IP portfolio, 1 FDCA & PEF player worldwide global leader in the commercialization of FDCA/PEF FDCA Flagship Targeting completion of start-up Mid-2026; 2 Plant start-up Commercial scale production expected in second half of 2026 i. 21 Cont
Slide 31: Appendix
Appendix Full Year 2025 Results - Investor Presentation
Slide 32: Glossary
Glossary FDCA: Furandicarboxylic Acid PET: Polyethylene Terephthalate FDME: Furandicarboxylic Methyl Ester PTA: Purified Terephthalic Acid FEED: Front End Engineering Design RDS: R&D Services FID: Final Investment Decision TAM: Total Addressable Market HFS: High-Fructose Syrup JV: Joint-Venture MEG:
Slide 33: Avantium owns the necessary IP for production and licensing of FDCA
Avantium owns the necessary IP for production and licensing of FDCA and its high value applications High IP-activity High IP-activity IP across further businesses FDCA manufacture: 51 FDCA manufacture: 110 FDCA based polymers, manufacture FDCA based polymers, manufacture and applications: 54 and app
Slide 34: Stricter European regulations increase the need for truly sustainable solutions
Stricter European regulations increase the need for truly sustainable solutions, requiring short-term investments 2030 - packaging full Packaging and Packaging Waste Regulation (PPWR): recyclability regulates what kind of packaging can be placed on the EU 2040 - 15% reduction in per market, as well
Slide 35: 2nd generation feedstock: Dawn/Yukon technology using polycotton textile waste
2nd generation feedstock: Dawn/Yukon technology enabling to use polycotton textile waste for feedstock The technology Textile waste management ➢ Addressing global waste problem ➢ Avantium (together with the University of 149m tons of expected textile production by Amsterdam) developed a patented tec
Slide 36: Understanding the sustainability benefits
Understanding the sustainability benefits Life Cycle Assessment (LCA) is fundamental to understanding how ESG ratings Avantium’s technologies compete with fossil-based alternatives, as well as the potential sustainability benefits of our technologies. Avantium was awarded a Silver LCA is the most re
Slide 37: Thank you!
Thank you! Full Year 2025 Results - Investor Presentation