Navigator Company Sa · EURONEXT:NVG
Navigator Company Sa — The Navigator Company — H1 2025 Earnings Presentation
21 slides from Navigator Company Sa's earnings presentation, Jul 29, 2025
Slide 1: Results Presentation Q2/H1 2025
RESULTS PRESENTATION Q2/H1 2025 JULY 29th, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation is intended to provide a general overview of The Navigator Company S.A.’s business and does not purport to deal with all aspects and details regarding The Navigator Company S.A.. Accordingly, no representation, undertaking or warranty, expressed or implied, is given by T
Slide 3: Participants
PARTICIPANTS António Redondo Fernando Araújo Nuno Santos Executive Directors João Lé Dorival Almeida António Quirino Soares Investor Ana Canha Relations 2
Slide 4: 01. Highlights
01. Highlights 33
Slide 5: Q2/H1 2025 Results
Q2/H1 2025 | RESULTS Strategic Growth and Diversification H1 2025: Contrasting Quarters in the Pulp & Paper Sector: ▪ 2025 began with rising pulp prices, driven by tight supply and strong demand ▪ After early April, rising protectionism and normalization of supply triggered a sharp drop in pulp pric
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS Strong Financial Position After CAPEX and Dividends ▪ Turnover of € 1,019 million, down H1 H1 Q2 Q1 YoY QoQ Millions € 2025 2024 2025 2025 4% YoY Turnover 1,019 1,066 -4% 490 529 -8% ▪ EBITDA stood at € 216 million, with EBITDA Margin of 21% EBITDA 216 299 -28% 101 116 -13% Net
Slide 7: EBITDA YoY Analysis
EBITDA YoY ANALYSIS YTD results were below last year’s, due to lower selling prices and rising cash costs (energy and chemicals), mainly in Q1 M€ -82,1 (-28%) 299 5 1 -52 13 216 -49 -2 H1 24 Price Volume Logistics Costs FX Other H1 25 A B C Sales volumes above last year’s, Production costs showed a
Slide 8: EBITDA QoQ Analysis
EBITDA QoQ ANALYSIS The weakness of the U.S. dollar – penalizing exporters, contributed to a QoQ drop in EBITDA M€ -15,1 (-13%) 116 4 12 -6 101 -9 -3 -13 Q1 25 Price Volume Logistics Costs FX Other Q2 25 A B C Positive price evolution - UWF P&P sales were impacted by the Downward trend in production
Slide 9: Debt Maturity and Liquidity
DEBT MATURITY AND LIQUIDITY New Long-Term Debt ensures Adequate Profile and Ample Liquidity, aligned with Sustainability Goals Debt Maturity Profile Total debt: € 893 million Average Maturity: 4.3 years 316M Sustainable 2.4 % Average Cost of Debt Issued (Jun 2025) 242M 245M 170M 78 % Fixed Interest
Slide 10: 02. Market & Group Performance
02. Market & Group Performance 99
Slide 11: Pulp & Paper Prices
PULP & PAPER PRICES Price drop in Q2, despite the strong recovery in Q1 European market paper price – A4 B-Copy (EUR) and BHKP (USD) PIX BHKP EUROPE USD PIX A4 COPY-B (EUR/ton) ▪ BHKP pulp price index in Europe up 16% to 1,160 1500 1500 USD/t by the end of the Q1. In Q2 the index 1400 1400 continued
Slide 12: P&W Paper Market
P&W PAPER MARKET UWF remains most Resilient Segment due to Versatile Uses Global Apparent Demand for P&W Paper 𝟏 Upward Trend (Market Indicators for European UWF Producers 3) Global apparent demand -2.4%: Navigator's order intake market share increased ▪ UWF -1.7%, CWF -4.3% and Mechanical -2.5% in
Slide 13: Pulp Market
PULP MARKET Global Hardwood Pulp Demand up by 5%, driven by China Our sustained competitive advantage is anchored in the uniqueness BALANCE S/D of Eucalyptus globulus - eco-efficiency and fibre quality DEMAND Eucalyptus Globulus allows an eco-efficient cost competitive pulp 2.85–2.90m3 wood Global a
Slide 14: Tissue Business
TISSUE BUSINESS Consolidate acquisition in the UK, maximising integration synergies Tissue Market 4 Tissue Sales +35% YoY, driven by: European demand dipped 0.3%, ▪ Sustained growth in demand for Navigator's finished following 2024’s 6.3% growth, products and the new acquisition in UK (Q2 2024) amid
Slide 15: Packaging | From Fossil to Forest
PACKAGING l From Fossil to Forest Cutting-edge and Innovative Sustainable Solutions Strong Start to the year ▪ European deliveries of Kraft papers for flexible packaging (Machine Glazed and Machine Finished) up by 9%1 (YoY) ▪ Navigator has been developing and investing in the gKRAFT sustainable pack
Slide 16: From Forest to Future
FROM FOREST TO FUTURE External recognition of our commitment to sustainability Navigator's ongoing commitment and investment in consolidating Responsible Business has been recognised in a positive external assessment by independent entities This recognition reflect its leadership Navigator tops the
Slide 17: Takeaways
TAKEAWAYS ▪ Diversification Strategy paying off ❖ Non-UWF products now represent 45% of sales. This diversification into In the area of safety, H1 marked a significant milestone for Navigator, higher-growth and less cyclical markets, such as Tissue and Packaging, achieving its best result in the fre
Slide 18: 03. Outlook
Q2/H1 2024 RESULTS PRESENTTION 03. Outlook 17 17
Slide 19: Outlook
OUTLOOK Amid persistent uncertainty, Navigator is reinforcing its resilience through targeted initiatives and a strong financial position, enabling it to manage current challenges and adapt to future risks and opportunities Challenges & Opportunities 2025 Operational Excellence Program (2025/2026) V
Slide 20: Growth Strategy
GROWTH STRATEGY Strengthening current businesses and investing in the future by assessing profitable diversification opportunities in line with our two founding values: Innovation & Sustainability SUSTAINABILITY Biomaterials Biochemicals Positive FID to Biofuels rebuild PM3 e-Fuels Moulded Fibre 1st
Slide 21: Results Presentation Q2/H1 2025
RESULTS PRESENTATION Q2/H1 2025 JULY 29th, 2025
The Navigator Company — H1 2025 Earnings Presentation on 6ix