Slide 1: Avantium Full Year 2024 Results
Avantium Full Year 2024 Results 19 March 2025 Full Year 2024 Results 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: Full Year 2024 Results
Full Year 2024 Results Full Year 2024 Results
Slide 4: Highlights
Highlights Project execution Commercialization Strategic innovation Anticipated sales under Creating the right Groundbreaking the offtake agreements conditions for polycotton textile in H2 2025 future licensees waste technology Full Year 2024 Results 4
Slide 5: Financial highlights FY 2024 (€ millions)
Financial highlights FY 2024 (€ millions) Revenues EBITDA Investments 89.8 19.7 21.0 58.6 (27.5) (33.3) 2023 2024 2023 2024 2023 2024 Other income (grants) Cash position Borrowings 35.2 30.1 23.9 5.8 4.6 112.5 2023 2024 2023 2024 Drawn Undrawn Full Year 2024 Results 5
Slide 6: Cash flows 2024 (€ millions)
Cash flows 2024 (€ millions) -2 20 -32 75 -59 -6 -8 35 24 Cash at 31-12-23 Proceeds from capital Drawdown borrowings Other Financing Net Cash Used in CAPEX Investments Changes in Working Financing and Interest Cash at 31-12-24 raise & convertible loan Activities (Lease Operations Capital Expenses Pa
Slide 7: Project execution: FDCA Flagship Plant
Project execution: FDCA Flagship Plant Full Year 2024 Results
Slide 8: A journey of almost two decades…
A journey of almost two decades… FDCA Flagship Plant Laboratory FDCA Pilot Plant FID Construction Start-up Continuous completed operation 2006 2011 Dec. 2021 Oct. 2024 2025 2025> Full Year 2024 Results 8
Slide 9: Full Year 2024 Results
Full Year 2024 Results 9
Slide 10: The FDCA Flagship Plant
The FDCA Flagship Plant • First-of-a-kind plant • Enabling sales of FDCA & PEF at commercial scale • Proving technology at 5kta scale • Located in Delfzijl, The Netherlands • Recruited operations team of 70 people • Critical for a successful licensing strategy Full Year 2024 Results 10
Slide 11: Starting up the FDCA Flagship Plant
Starting up the FDCA Flagship Plant 2021 FID 2022-2024 Construction phase Start-up phase Sugar Dehydration H1 2025 Oxidation FDCA Purification Polymerization to PEF H2 2025 Performance testing & regulatory validation Sales of first FDCA and PEF to clients First unloading of High Fructose Syrup – Feb
Slide 12: Commercializing releaf®
Commercializing releaf® Full Year 2024 Results
Slide 13: Releaf® | The next generation polymer, with superior performance benefits
Releaf® | The next generation polymer, with superior performance benefits Superb barrier 10x properties better oxygen barrier Circular, enhanced recyclability, 100% plant-based 8x better Up to CO2 barrier Food waste reduction: 20% Up to 5-6 times longer shelf life weight reduction Full Year 2024 Res
Slide 14: Commitments from leading brands
Commitments from leading brands 16 Bottles PEF Textile Community Offtake Agreements 2 Cosmetics Packaging The PEFerence consortium aims to replace a significant share of Capacity fossil-based polyesters, such as Reservations Fibre PET as well as polyamide layers in multilayer packaging, and Future P
Slide 15: Releaf® | Engaging brands and consumers
Releaf® | Engaging brands and consumers Full Year 2024 Results 15
Slide 16: The future: from pilot and flagship plant to license plants
The future: from pilot and flagship plant to license plants Pilot Plant Flagship Plant Potential License Plants 2011 2024 2025> Full Year 2024 Results 16
Slide 17: Optimizing licensing strategy through the supply chain
Optimizing licensing strategy through the supply chain Mitigating Mitigating technology risk feedstock risk through through 1st and 2nd FDCA Flagship gen strategy Feedstock Technology Plant Commercial Capacity reservations for Full Year 2024 Results future license plants 17
Slide 18: FDCA – feedstock agnostic, utilising Gen 1 and 2 feedstocks
FDCA – feedstock agnostic, utilising Gen 1 and 2 feedstocks • FDCA Flagship Plant is using Gen 1 feedstock: starch – an abundant & low value co-product 1st Generation Feedstock • Regionally & commercially available ✓ Glucose/fructose from starch • Sugar surplus, no competition with food supply Texti
Slide 19: 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 • Avantium (together with the University of Amsterdam) developed a patented technology to break down the cotton in polycotton textile waste into glucose (2nd generation feedstock sou
Slide 20: Appendix: FDCA & PEF
Appendix: FDCA & PEF Full Year 2024 Results
Slide 21: PEF: made from our focus product FDCA
PEF: made from our focus product FDCA MEG PET PET 100% fossil-based Crude oil PTA plantMEG PEF PEF 100% plant-based Sugars FDCA Full Year 2024 Results 21
Slide 22: PEF can be used in a very broad range of applications
PEF can be used in a very broad range of applications Bottles Fibers Films & More Beer, Juices, Textile, Upholstery, Car Food Packaging, Waters, Soft Drinks Tires, Industrial Fibers Non-Food Packaging Competing materials: Glass, Competing materials: PET, Nylon, Competing materials: Glass, Aluminium,
Slide 23: PEF addressable market potential
PEF addressable market potential PEF @ ~2€/kg 122.3 mta €240bn Expected PEF price reduction to drive a massive expansion of our TAM Flexible films (laminates, food or hygiene packaging, etc.) PEF @ ~5€/kg Injection molding 7.7 mta (bottle caps, medical devices, car parts, etc.) PEF @ ~10€/kg €40bn F
Slide 24: PEF is both sustainable and price-competitive at scale
PEF is both sustainable and price-competitive at scale 100kta 250kta Competing with aluminium and glass at €5.0/kg PEF Competing with mono-material PET at €2.5/kg PEF PEF Bottle Glass Bottle Aluminium Can PEF Bottle rPET Bottle PET Bottle 33cl – 13.5g 33cl – 200g 33cl – 13g 50cl – 17.5g 50cl – 22g 5
Slide 25: Website and IR contact
Website: avantium.com/investor-relations-overview/ IR contact: investorrelations@avantium.com Full Year 2024 Results