Aquafil

Investor Presentation • Mar 14, 2024

Investor Presentation [ECNL:IM] - [ECNLF: OTCQX]

36th ROTH Conference

Laguna Niguel, March 17 – 19, 2024

Aquafil is Market Leader in Nylon

% on FY 2023 REVENUES

Carpet yarn

• Contract
• Residential
• Automotive

Textile yarn

• Apparel

70 % 8 %

• Swimwear

• Sportwear

Polymers

• Industrial Molding 73% 19% 8%
  • Extrusion

  • Compounding

And Market Leader Worldwide

% on FY 2023 REVENUES

ECONYL® regenerated nylon is 100% recycled yarn made of plastic waste such as fishing nets, fabric scraps and old carpets.

Infinitely Recyclable, Endless Possibilities

100% regenerated & regenerable nylon.

Unique proprietary technology.

Same quality and performance as standard nylon without using new resources.

WASTE IN

ECONYL® nylon is made from waste otherwise destined for the landfill

NO WASTE OUT

Leading the Circular Economy Revolution

- Source: Ellen MacArthur Foundation

Our Main Milestones Towards Circularity from 1990 onwards:

• Investments to "close the loop" through cutting edge technologies
• Adoption of a "Life Cycle" approach
• ECONYL® Regeneration System
• Healthy Seas Foundation
• USA Aquafil Carpet Recycling establishment
• USA Aquafil Carpet Collection acquisition

Eco-Design is our next crucial step. Imagine innovative products, created to be fully recyclable at the end of its life.

From Family Business To Global Sustainability Champion

1 st ranked company in the "Textiles" subindustry according to Morningstar Sustainalytics ESG Risk Rating.

49,6% ECONYL® fiber turnover

€ 571,8 Million of Revenues FY23

€ 47,5 Million EBITDA FY23

Company Strengths

A successful Business Model. Proprietary technology with continuous R&D innovation. Manufacturing and operational excellence focused on high end segments.

Pioneer of Circularity with the ECONYL® Regeneration System, producing sustainable fibers and polymers from nylon 6 waste.

Around 50% of fiber turnover.

Glocal. A Global Company with local productions.

Our Main ESG Targets

Generate 60% of our fibers revenues from ECONYL® and other regenerated fibers

Collect 35,000 tons of postconsumer waste

Join the SBT initiative and set GHG reduction target

Monitor Group's key suppliers through audits and/or due diligence (in line with the European Supply Chain Act)

20% women in top management positions within 3 years to assure gender equality

Draft a succession plan for our top management

Our Top ESG Achievements

Aquafil has been included in Sustainalytics' 2024 Top-Rated ESG Companies List

• Environmental Policy approval
• Scope 3 emissions reporting
• •Development, validation and issuance of ISO 4484-2 standard on microplastics
• Climate Change Risk and Vulnerability Assessment and Biodiversity Assessment

• •DE&I Policy definition
• Approval of Human Rights Policy
• Approval of Green Procurement Policy
• 45 thousand hours of training (+35% vs 2022)
• Launch of the talent management project

• Approval of new ESG Policy and establishment of an ESG Committee
• New remuneration and incentive policy with ESG parameters
• •Anti-Corruption Policy
• •Update of the Code of Ethics and Whistleblowing Procedure

Financial results and expectations

FY23 – Key Message

FY23 General Results

• Revenues 571,8 €/mil (-16,4% vs FY 22)
• EBITDA 47,5 €/mil (-48,5% vs FY 22)

ECONYL® Branded Products ¹

• 49,6% of revenues generated by fibers

Slight decline in volumes
compared to 2022 mainly
related to fibers for garments
in EMEA

ECONYL® Branded and regenerated products accounted for 49,6% of revenues generated from fibers Decline in margins in 2023 due to the high unit value of the inventories stocked in 2022 compared to the market value of raw materials

Completed the start-up activities of engineering plastics in EMEA

FY23 – Main Results

	SALES VOLUME1 (4,7)% compared to FY22 10,4% compared to 4Q22 EMEA Market recovery for BCF and polymers product lines in Q4 USA Slightly below previous year Asia Pacific market resilience ECONYL® ca 49,6% of Fiber Revenues			EBITDA Lower to 4Q 2022 Due to high unit cost of the raw materials stocked in 2022 (approx. €24 mln.) and decline in volumes sold			NET PROFIT Lower to 4Q 2022 Strong decrease			NFP In line vs Dec. 22 NFP/EBITDA LTM
							Due to EBITDA decrease			x2,69 on 31st December 2022
							and Increase of net financial costs			X5,23 on 31st December 2023

Expected volumes by business lines

2024 – 2025 Expected

Our view for the future

• EBITDA

2024 target: 76 – 82 €/mln 2025 target: 84 – 92 €/mln

• NFP**

2024 target: 225 – 235 €/mln 2025 target: 190 – 200 €/mln

** Does not include IFRS 16 effect

Aquafil Brand Manifesto - Our Vision

At Aquafil, we design better to do better.

We are conscious innovators. We think as beginners and act as pioneers to provide unique products and services that leverage performance and reduce the impact on a global scale.

We are thoughtful listeners.

We step out of our comfort zone to set new standards through empathy and collaboration, inside and outside.

We are down-to-earth visionaries.

We envision the goal of a sustainable future to achieve it, driven by the responsibility to change the world one choice at a time.

To come full circle and create our story.

www.aquafil.com www.econyl.com www.dryarn.com

Giulia Rossi – IR investor.relations@aquafil.com