Slide 1: Avantium Investor Presentation
Avantium Investor Presentation September 2025 Investor Presentation – September 2025 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 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 20 Offtake Agreements Established Opened in Oct 2024 HQ in Amsterdam (NL) Expected to be on stream 7 Capacity Reservations In 2000 in Q1 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 monomer and the next ✓ Fully recyclable in PET stream unique product polymer: FDCA and PEF generation ✓ Lower carbon footprint polymer ✓ With superior
Slide 6: Commitments from leading brands
Commitments from leading brands Marit van Egmond Former CEO of Bottles PEF Textile Community 20 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: What drives us?
What drives us? Investor Presentation
Slide 8: 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 9: 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 Investor Presentation – September 2025 9 Source: BCC Research, “Global Bioplastics
Slide 10: PEF: Superior performance and sustainability benefits
FDCA / PEF: Superior performance and sustainability benefits Investor Presentation
Slide 11: 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 Investor Presentation – September 2025 11
Slide 12: 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 13: 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 14: 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 15: 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 16: 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 17: FDCA Flagship Plant
FDCA Flagship Plant Investor Presentation
Slide 18: 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 19: Commercializing releaf®
Commercializing releaf® Investor Presentation
Slide 20: 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 21: Optimizing licensing strategy through the supply chain
FDCA / PEF - Innovative & unique Optimizing licensing strategy through the supply chain product Flagship Plant Potential new license construction agreements Current licensing pipeline Flagship Plant - Project execution 2024 2026 > 70 potential targets Mitigating feedstock risk Feedstock through 1st
Slide 22: 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 23: 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 24: 2nd generation feedstock: Dawn/Yukon technology for polycotton textile waste
FDCA / PEF - Innovative & unique 2nd generation feedstock: Dawn/Yukon technology enabling product to use polycotton textile waste for feedstock Flagship Plant - Project execution The technology Textile waste management ➢ Addressing global waste problem ➢ Avantium (together with the University of 149
Slide 25: Key takeaways
Key takeaways Most advanced Most advanced technology, strong IP portfolio, global leader in the 1 FDCA & PEF commercialization of FDCA/PEF player worldwide FDCA Flagship Successfully started up the utilities and Sugar Dehydration (SDH) 2 Plant start-up unit. Oxidation unit and Purification unit star
Slide 26: Appendix
Appendix Investor Presentation
Slide 27: 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 28: Capital market snapshot
Capital market snapshot Shareholding structure1 Share Capital2 Shares Outstanding 8,802,388 Wierda Vermogensbeheer2 Pieter Kooi 7.70% 5.03% Robeco Dilutive instruments3 2,147,476 3.17% 2.99% PMV 2.93% 2.79% Navitas Capital 2.62% ▪ Euronext Amsterdam SCG Chemicals Stock Exchange ▪ Euronext Brussels 7
Slide 29: 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 30: Financial highlights 1H 2025 (€ millions)
Financial highlights 1H 2025 (€ millions) Revenues EBITDA Investments 9.0 26.0 6.7 6.0 (16.3) (18.5) 1H24 1H25 1H24 1H25 1H24 1H25 Other income (grants) Cash position Borrowings 23.9 144.2 131.5 12.0 2.3 2.0 1H24 1H25 FY24 1H25 FY24 1H25 Investor Presentation – September 2025 30
Slide 31: Cash flows 2025 (€ millions)
Cash flows 2025 (€ millions) -1 17 -18 -6 -4 24 12 -0 Cash at 31-12-24 Drawdown Other Financing Net Cash Used in CAPEX Investments Changes in Working Financing and Cash at 30-06-2025 borrowings & Activities (Lease Operations Capital Interest Expenses shareholder loan Payments) Investor Presentation
Slide 32: Broad range of applications
Broad range of applications Investor Presentation – September 2025 32
Slide 33: 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 34: 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 Gold LCA is the most reco
Slide 35: Thank you!
Thank you! Investor Presentation