Lenzing Ag · VIE:LNZ

Lenzing — Lenzing Ag Ord — Q1 2025 Earnings Presentation

22 slides from Lenzing's earnings presentation, May 8, 2025

  1. Slide 1: Investor Presentation Results Q1 2025

    Investor Presentation Results Q1 2025| May 8, 2025 www.lenzing.com 1

  2. Slide 2: Disclaimer

    Disclaimer ● The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein.

  3. Slide 3: Revenue and profitability significantly improved, FCF positive

    Revenue and profitability significantly improved, FCF positive Disclaimer Q1 2025 vs. Q1 2024 Revenue EUR 690 mn YoY + 5% EBITDA EUR 156 mn YoY + 119% Margin 23% FCF EUR 15 mn YoY EUR -73 mn www.lenzing.com 3

  4. Slide 4: Focus remains on prices and cost excellence in a continuously challenging market environment

    Focus remains on prices and cost excellence in a continuously challenging market environment Development of the relevant markets in Q1 2025 A ● Global apparel demand modest, uncertainty remains high Market Demand ● Nonwovens markets more stable B ● Slight decrease of selected generic fiber prices co

  5. Slide 5: Global apparel demand modest, uncertainty remains high, nonwovens markets more stable

    A Global apparel demand modest, uncertainty remains high, nonwovens markets more stable Q1 2025 YoY Textile Markets Nonwovens Markets Q1 2025 apparel retail sales1 breakdown by region in %, Q1 2025 vs. Q1 2024, inflation-adjusted United States Key challenges and influencing Key challenges and influe

  6. Slide 6: Generic viscose prices slightly down in Q1 2025 vs. Q4 2024; DWP prices decreasing

    B Generic viscose prices slightly down in Q1 2025 vs. Q4 2024; DWP prices decreasing Fiber and DWP market prices in China, Q1 2023 – Q1 2025, USD/kg (excl. VAT) 1.8 Viscose 1.7 Generic viscose prices slightly declined in the first quarter in 1.6 macroeconomic unstable environment 1.5 2.5 Cotton 2.0

  7. Slide 7: Energy and NaOH market prices remain on high levels with further increases in some regions

    C Energy and NaOH market prices remain on high levels with further increases in some regions Comparison of selected energy and NaOH1 market price levels Development Q1 2025 vs. Q4 2024 Change in Percentage Q1 2025 vs. 2020 (averages) Energy NaOH +401% +88% +89% +25% +58% Coal Indonesia Gas Europe Eu

  8. Slide 8: Performance program with focus on enhancing margins, cost excellence and FCF generation

    Performance program with focus on enhancing margins, cost excellence and FCF generation Lenzing’s holistic performance program launched in Q3 2023 1 2 3 1 Top-line growth with full focus on margin improvement Dedicated sales initiatives and strengthened sales organization & processes Enhanced cost e

  9. Slide 9: Cost savings well on track

    Cost savings well on track Cost Excellence Priorities Envisaged impact composition by bucket Full recurring target, EUR mn Illustrative starting 2025 Enhancement in governance and priority setting Initiated new workstreams with further potentials Reinforcement of measures to streamline > 180 mn over

  10. Slide 10: EBITDA increased further to EUR 156 mn

    EBITDA increased further to EUR 156 mn Group revenue EBITDA1 EBITDA margin in EUR mn in EUR mn in % of revenue +32 +5% +85 690 +119% 658 156 156 23% 132 23% 99 19% 93 71 71 14% 15% 11% 11% Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Positive impact from increase in both f

  11. Slide 11: Trading working capital up, capex remains on low levels, FCF positive at EUR 15 mn

    Trading working capital up, capex remains on low levels, FCF positive at EUR 15 mn Trading working capital¹ Capex Free cash flow2 in EUR mn in EUR mn in EUR mn +16% -2% -73 602 33 33 87 517 15 31.03.2024 31.03.2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Trading Working Capital up Continuous focus on licens

  12. Slide 12: Net financial debt and liquidity cushion stable

    Net financial debt and liquidity cushion stable Net financial debt1,2 Liquidity cushion3 in EUR mn in EUR mn -14 -2% -33 650 635 -2% 1,533 1,499 31.12.2024 31.03.2025 31.12.2024 31.03.2025 Net financial debt with slight decrease in Q1 2025 Liquidity cushion on stable levels 1) Net financial debt exc

  13. Slide 13: Tariff impact limited in Q1 2025, but challenges ahead

    Tariff impact limited in Q1 2025, but challenges ahead Q1 2025 Current situation Lenzing mitigation Limited ● Reciprocal tariffs and retaliation from Global asset footprint with production in impact April led to collapse of China-US trade the US, Asia, and Europe as an and reconfiguration of textile

  14. Slide 14: Continuing to take the future in our own hands

    Continuing to take the future in our own hands Solid start in the year despite still challenging market environment Stable demand in pulp assumed and continuously cautious outlook on generic fiber market development in 2025 Lenzing confirms that Energy and raw material costs assumed to remain on ele

  15. Slide 15: Thank you for your attention!

    Thank you for your attention! www.lenzing.com 15

  16. Slide 16: Group revenue breakdown

    Group revenue breakdown Fiber revenue by application, % Specialties share of fiber sales in Q1 2025 Standard Fibers 7.5% 64% 65% 64% 68% 64% 36% 35% 36% 32% 36% Specialty Fibers 1 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 92.5% Textile Fibers Nonwoven Fibers 1) LENZING Lyocell, LENZING Modal, LENZING

  17. Slide 17: Quarterly P&L development

    Quarterly P&L development www.lenzing.com 17

  18. Slide 18: Topline breakdown

    Topline breakdown Delta Q1 Delta Q1% EUR mn Q1 2025 Q1 2024 YoY YoY Fiber 520.1 502.4 17.7 3.5% Wood-based cellulosic fibers 499.7 486.0 13.7 2.8% 1 Co-Products Fibers 15.9 14.6 1.3 8.6% Engineering, services and others 4.5 1.8 2.8 > +100,0% Pulp 169.2 155.1 14.1 9.1% Pulp 123.9 116.0 8.0 6.9% Biore

  19. Slide 19: Quarterly cash flow development

    Quarterly cash flow development Change Change Q1/Q1 (EUR mn) Q1 2025 Q4 2024 Q1/Q4 (%) Q1 2024 (%) Gross cash flow (after taxes and interest) 105.3 41.7 >+100% (6.0) - Change in total working capital1 (58.2) (6.1) >+100% 126.6 - Operating cash flow 47.1 35.5 32.5 120.7 (61.0) Investment cash flow2 (

  20. Slide 20: Q1 2025: Net debt bridge

    Q1 2025: Net debt bridge Net Cash Net Financial Capex2 Change Financial Debt FY Net (incl. Fin. in Trading Change in Currency IFRS 16 Capital Debt Q1 2024 Tax Interest Gross CF 1 Ass.) WC other WC Dividend Translation Leasing Increase Others 2025 -144.4 1,499.3 1,532.5 36.7 -26.1 26.5 -0.9 6.2 0.0 2

  21. Slide 21: Contact and financial calendar

    Contact and financial calendar Investor contact Financial calendar Sébastien Knus VP Investor Relations Annual results 2024 March 14, 2025 Phone: +43 7672 701 3599 E-mail: s.knus@lenzing.com 81st Annual General Meeting April 17, 2025 Visit our IR website and our SRI sites https://www.lenzing.com/inv

  22. Slide 22: Thank you!

    Thank you! www.lenzing.com 22

Lenzing Ag Ord — Q1 2025 Earnings Presentation on 6ix