Lenzing Ag · VIE:LNZ
Lenzing — Investor Presentation (September 2025)
12 slides from Lenzing's investor presentation, September 2025
Slide 1: Lenzing's Refined Strategy – Capital market update
LENZING’S REFINED STRATEGY Capital market update September 2025 www.lenzing.com www.lenzing.com 1
Slide 2: Lenzing's refined strategy
Lenzing’s refined strategy •1 Progress vs last year proves ability to deliver •2 Shifting market conditions •3 Refined strategy: Prioritization of Premiumization and Excellence •4 Premiumization - Increased customer focus and differentiation to drive further margin improvement •5 Excellence – Furthe
Slide 3: Progress as compared to last year proves ability to deliver
1 Progress as compared to last year proves ability to deliver 2024 H1 2025 vs. 2023 vs. H1 2024 Revenue EUR 2,664 mn EUR 1,341 mn YoY + 6% + 2% EBITDA EUR 395 mn EUR 269 mn YoY + 30% + 63% Margin 15% 20% Net leverage 3.9x 2.9x YoY -1.3x -1.4x ✓ Improved ✓ EUR 130 mn ✓ Improved ✓ Successful ✓ Advanci
Slide 4: Shifting market conditions - uneven market growth, tariff uncertainties and low generic fiber prices
2 Shifting market conditions - uneven market growth, tariff uncertainties and low generic fiber prices Steady market dynamics since H2 2022 Shifts in market conditions since H2 2022 • Above average growth: regenerated • Challenging macro backdrop with uneven cellulosic fibers expected to grow + 5-6%
Slide 5: Lenzing's refined strategy - Prioritization of Premiumization and Excellence
3 Lenzing’s refined strategy - Prioritization of Premiumization and Excellence Refined to unlock value in a challenging environment Premiumization Increase differentiation & customer focus to drive further margin improvement #1 Excellence Further improve and strengthen cost position, profitability a
Slide 6: Premiumization - growth in most profitable segments and exit from generic segments
4 Premiumization - growth in most profitable segments and exit from “generic” market segments REFINED STRATEGY Premium (~15%)1 Market leader and demand shaper Innovative fibers with attractive margins and strong resilience Modal Micro, FR, cross-linked Tampon fibers, short-cut, tow Classic (~60%)1 B
Slide 7: Refined target markets and fiber applications for textile and nonwoven
4 Refined target markets and fiber applications for textile and nonwoven Americas EMEA Asia GROW STRENGTHEN STABILIZE Regional sourcing advantage to Tailwind from sustainability Expand on application South America and regulatory shifts development and functional TEXTILE Shifting innovation portfolio
Slide 8: Excellence - further improvements of cost position, top line and resilience
5 Excellence - further improvements of cost position, top line and resilience Reinforced Reinforced Reinforced New Commercial excellence Cost excellence Energy optimization Production footprint optimization From serving demand to From cost inflation to stronger From selective improvements From full
Slide 9: Unchanged core strengths, however sharpened capital allocation
6 Unchanged core strengths, however sharpened capital allocation Innovation Sustainability Application- & customer-driven … Monetize sustainability leadership 1… Lyocell Filament Example Recognized with “A” score for climate for fifth year in a row (2024) Innovative alternative to other existing cel
Slide 10: Financial guidance
7 Financial guidance Outlook confirmed 2025 Refined Strategy Target 2027 ▪ Cost reduction program with Prioritization of … EUR ~ 550 mn* positive impact on earnings EBITDA in 2027 ▪ Premiumization ▪ 2025 EBITDA above ▪ Excellence previous year ✓ * Long term target is based on current opportunities o
Slide 11: Investment highlights
8 Investment highlights Re:sharpen market & customer focus Re:calibrate our asset base From serving demand to shaping demand From full utilization to economic value creation • Margin upside through premiumization and innovation • Asset footprint consolidation • Transition to less cyclical markets •
Slide 12: Thank you
THANK YOU www.lenzing.com www.lenzing.com 12