Slides
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FY2025 Corticeira Amorim February 19, 2025
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In brief 2 Plantação’25 | The Future Takes Root in Herdade de Rio Frio Reforestation with purpose In November, the Herdade de Rio Frio estate hosted yet another significant action organised by Corticeira Amorim as part of its social and environmental commitment. Some 180 employees joined forces to plant 4,000 cork oak trees, helping to regenerate the cork oak forest and preserve one of the world's most biodiverse ecosystems. This initiative not only reinforces the importance of the cork oak tree, but also demonstrates the employees’ enthusiasm and dedication, with their involvement being essential to the success of these actions. FY25
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In brief 3 Launch of “Hearts of Cork” Corticeira Amorim’s new volunteering and social responsibility project underlines its commitment to creating a positive impact on both society and the planet “Hearts of Cork” will foster ethics, sustainability, and collective well-being by transforming solidarity into action, primarily through corporate philanthropy and volunteering in areas such as health and well-being, citizenship and social support, the environment, and biodiversity protection. FY25
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In brief 4 Wines sealed with cork stoppers free of microplastics A study published by a group of French researchers concludes that cork stoppers play a decisive role in preventing contamination in glass wine bottles A research, published in May 2025 in the Journal of Food Composition and Analysis showed that glass bottles had higher levels of microplastics than other types of packaging, except for wine bottles sealed with cork stoppers - which were virtually free of microplastics. The team attributed this difference to the use of a natural material such as cork, as opposed to screw caps, which are often coated with paint. In the case of wine, the presence of cork stoppers virtually eliminated this source of contamination, making it the glass-bottled beverage with the lowest levels of microplastics. FY25
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In brief 5 Helix®: Twist & Pop A game -changer in wine closures. It combines the timeless elegance and sustainability of cork with the convenience of a modern reseal, while preserving the full flavour of the wine The iconic Helix® - the stopper that revolutionised the wine experience in 2013 - is back and now even more practical and versatile. Combining tradition and innovation, Helix® 2.0 combines cork’s inherent characteristics with modern convenience, and is now adapted to all bottles with an 18.5 mm neck finish. FY25
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In brief 6 The Guardians of Cork The Italian influencer and wine expert visited Portugal to discover the Cork Oak Forest and gain first hand experience of Corticeira Amorim FY25 https://www.instagram.com/reel/DOvhSi8iE2V/?igs h=MTg4MnRiMWY2ZHdpcA%3D%3D https://www.instagram.com/reel/DQwPCmrjBtL/?ig sh=ZnV6NmQ0cnlwcWk5 https://www.instagram.com/reel/DRVEW25iPC6/?ig sh=anF0eTU4bW4ydjN1 https://www.instagram.com/reel/DSIc0iDikZB/?igsh =bTB3OTd5NGVndGd1
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“Growth for Value” Annual Team Meeting 2025 Read more We are ON! 2025 New Generation Forum Read more "Together for Safety“ Read more 7 In brief FY25
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Amorim Cork wins 1st prize in Kaizen technology category Read more 8 In brief FY25 Tribute to António Rios de Amorim Read more Corticeira Amorim achieves top spot in the Most Responsible Company in the Industry Sector by MERCO Read more
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2025 Golden Vines Read more Bee W® distinguished with the “Technology Innovation” award at ENOMAQ Read more 9 In brief FY25 World Finance Magazine’s Sustainability Awards Read more
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Growing a Greener Future: Green cork Schools programme Read more Amorim Cork's stoppers have negative carbon footprints Read more 10 In brief FY25 Cork Collective boosts cork stopper recycling in New York Read more
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Isokinetic Read more Värmdö: A new chapter in the sea kayaking, powered by cork Read more 11 In brief FY25 Automatic Cork Oak Irrigation System, combining AI, GPS and automation technologies Read more
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TUMO Portugal: Fostering Future Talent Read more 12 In brief FY25 Corticeira Amorim at the international conference “Cork FSC®: Natural Choice” Read more Amorim Top Series opens new subsidiary in Mexico Read more
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Corticeira Amorim welcomes students of Pratt Institute Read more Corticeira Amorim partners with Parsons School of Design for Cork Innovation Read more 13 In brief FY25 Poly-Monde 2025 industrial mission at Corticeira Amorim Read more
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Prémio Suber design – Tavolino Capinera Read more Kengo Kuma: Onomatopoeia Read more 14 In brief FY25 SHIFT 2025: The Positive Turn Materials, Buildings and Cities For a Regenerative Future Read more
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Consolidated Performance 15
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Sales decreased by 8.3% to 861.0 M€: › Excluding the impact of the deconsolidation of Timberman, sales would have decreased by 5.3%; FX negatively impacted sales: › Total impact: -7.4 M€ (FY24: -1.1 M€), › At constant exchange rates: -7.5% sales; Sales evolution by Business Unit: › Amorim Florestal -4.0%, › Amorim Cork -3.5%, › Amorim Cork Solutions -24.0%; (excluding the impact of the deconsolidation of Timberman: -11.4%) EBITDA margin of 16.4% (FY24: 16.8%); EBITDA totalled 141.0 M€ (FY24: 157.6 M€); › Negatives: product mix, operating deleverage, › Positives: price and quality of consumed cork, industrial efficiencies, operating costs; Key Figures 16FY25
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Amorim Florestal + Amorim Cork: 81% of Sales › Sales: -3.6% › EBITDA/Sales: 18.6% (FY24: 20.4%) Depreciation increased to 58.9M€ (FY24: 57.6 M€), mainly due to an extraordinary impairment loss of 2.0 M€ at Amorim Cork Solutions (transfer of an industrial unit); Non-recurrent results of -0.4 M€ (FY24: 1.4 M€), reflecting the non-recurrent impact of the fire at Amorim Florestal’s facilities in Spain (with property damage covered by the insurance policy); Net Income decreased to 55.6 M€ (FY24: 69.7 M€); Net Debt decreased to 75.9 M€ (YE24: 195.7 M€): › Lower NWC needs (80.7M€), › Capex (42.8 M€); › Dividends (42.6 M€); Dividends: at the upcoming General Shareholders Meeting (May 4), the Board of Directors will propose the approval of a total gross dividend of € 0.35/share, to be paid in full in May. Key Figures 17FY25
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Commitment to near-term science-based GHG emissions reduction targets aligned with 1.5°C under the Science Based Targets initiative (SBTi), reinforcing decarbonisation as a strategic priority; Implementation of “Together for Safety”, a programme focused on promoting safety and well-being, with the ambition of achieving an accident-free work environment; Reinforcement of value chain due diligence through a risk-based approach to identifying and addressing human rights and environmental impacts; Climate risk assessment, focused on identifying key physical and transition risks across operations and the supply chain; Launch of ‘Hearts of Cork”, a new volunteering and social responsibility project, underlining a commitment to creating a positive impact on both society and the planet; Advancement in digitalisation, with the development of Corki, an AI-powered internal virtual assistant designed to empower teams, transforming long-standing knowledge, innovation and sustainability, into actionable insights. ESG Highlights 18FY25
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Business Units 19
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75.9% 20 FY25
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23.2 11.5 14.0 9.9% 5.0% 6.3% 0.0% 5.0% 10. 0% 15. 0% 20. 0% 2023 2024 2025 0.0 50. 0 100.0 150.0 200.0 250.0 EBITDA / SALES (%) 234.0 231.6 222.3 2023 2024 2025 0.0 50. 0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 Sales decreased by 4.0% to 222.3 M € Lower activity levels at the other Business Units and lower cork prices were the major drivers of the sales decline; Improvement in EBITDA margin, benefiting from lower cork consumption prices and better cork yields, despite the negative impact from: › Unfavourable mix, › Lower volumes, › Higher transport and specialised works costs; Although the Preparation segment showed an improvement compared with the previous year, its performance was below initial expectations, particularly affected by an adverse production mix; Cork consumption prices should remain supportive, reflecting a favourable cork campaign, while product mix is expected to continue pressuring profitability; New plantations progressed as planned, with more than 65,000 cork oak trees being planted in forestry estates under management. Amorim Florestal Sales 21 -4.0%-1.0% EBITDA Values in million euros. FY25
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147.7 140.1 113.0 19.5% 19.1% 16.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10. 0% 12. 0% 14. 0% 16. 0% 18. 0% 20. 0% 22. 0% 24. 0% 2023 2024 2025 0.0 50. 0 100.0 150.0 200.0 250.0 EBITDA / SALES (%) 759.4 732.3 707.0 2023 2024 2025 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 Sales decreased by 3.5% to 707.0 M € Sales declined amid a challenging market environment, marked by high uncertainty and reflecting geopolitical tensions and adverse alcohol consumption trends; Trading-down effects further impacted product mix dynamics, particularly in the still wine segment, which continued to lag behind the sparkling wine and spirits segments; the Xpür® stopper category continued to stand out, showing solid sales growth, reflecting recognised product quality and ongoing market share gains; Operating deleverage and an adverse product mix weighed on the EBITDA margin, despite the positive impact of: › Lower cork consumption prices, › Reduced operating costs, › Favourable non-cork raw material prices; Consolidation of Intercap added 9.7 M€ to the Business Unit’s sales; a slower-than-expected progression of its turnaround negatively affected profitability, but measures have been identified to support a sustainable recovery throughout 2026. Amorim Cork 22FY25 -3.5%-3.6% Sales EBITDA Values in million euros.
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163.1 151.0 133.1 21.1% 20.4% 18.6% 0.0% 5.0% 10. 0% 15. 0% 20. 0% 25. 0% 2023 2024 2025 0.0 50. 0 100.0 150.0 200.0 250.0 EBITDA / SALES (%) 772.8 740.6 714.0 2023 2024 2025 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 Amorim Florestal + Amorim Cork 23FY25 -3.6%-4.2% Sales EBITDA Values in million euros.
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15.7 14.2 13.8 7.0% 6.6% 8.5% 0.0% 5.0% 10. 0% 15. 0% 20. 0% 25. 0% 2023* 2024* 2025 0.0 50. 0 100.0 150.0 200.0 250.0 EBITDA / SALES (%) 225.2 213.1 162.0 2023* 2024* 2025 0.0 50. 0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 Sales decreased by 24.0% to 162.0 M € Sales were negatively impacted by changes in the consolidation perimeter (disposal of Timberman in December 2024) – excluding this effect, sales would have decreased by 11.4%; Despite a marginal increase in sales prices, volumes performance was the main reason for the negative evolution of organic sales; Major sales declines in the Final Flooring, DIY and Insulation segments, while the Aerospace, Footwear and Power Industry segments recorded strong sales performance; The decline in EBITDA was mainly driven by changes in the consolidation perimeter; EBITDA margin improved, supported by lower operating costs (notably staff, marketing, transport, and maintenance); the benefits from the measures implemented as part of last year’s reorganisation process are expected to continue supporting profitability going forward; The transfer of an industrial unit from Silves to Vendas Novas resulted in non-recurrent costs of 0.9 M€ and an extraordinary impairment loss of 2.0 M€ (recognised under depreciations). Amorim Cork Solutions 24 -24.0%-5.4% Sales EBITDA *Pro-forma figures Values in million euros FY25
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Key Financials 25
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456.8 494.8 534.2 542.5 560.3 604.8 641.4 701.6 763.1 781.1 740.1 837.8 1,021.4 985.5 939.1 861.0 66.0 72.4 82.5 78.1 86.7 100.7 122.3 133.6 134.0 124.7 122.5 134.4 164.0 177.0 157.6 141.0 14.4% 14.6% 15.4% 14.4% 15.5% 16.7% 19.1% 19.0% 17.6% 16.0% 16.6% 16.0% 16.1% 18.0% 16.8% 16.4% 0.0% 5.0% 10. 0% 15. 0% 20. 0% 25. 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.0 200.0 400.0 600.0 800.0 1,000.0 SALES EBITDA EBITDA (% sales) Sales & EBITDA Values in million euros. 26FY25
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Sales Values in million euros. -8.3%-4.7% 27 EBITDA FY25 985.5 939.1 861.0 0 200 400 600 800 1,000 2023 2024 2025 177.0 157.6 141.0 18.0% 16.8% 16.4% 0 100 200 300 400 500 600 0.0% 2023 2024 2025
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Sales | Gross Margin | EBITDA | EBIT Values in million euros. 28FY25 985.5 939.1 861.0 507.6 496.3 470.4 177.0 157.6 141.0125.1 99.9 82.1 18.0% 16.8% 16.4% 2023 2024 2025 Sales Gross Margin EBITDA EBIT EBITDA / Sales (%)
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Sales to more than 100 countries 29 Sales by currencySales by geographic areas * Includes Switzerland and Norway and excludes Portugal FY25 75.6% 18.0% 1.0% 0.7% 0.4% 1.6% EUR USD DKK ZAR AUD GBP CHF Others 57.3% 17.1% 7.4% 5.9% 7.5% 3.0% 1.8% EU * USA Rest of America Australasia Portugal Rest of Europe Africa
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0.8% 80.3% 18.7% Amorim Florestal Amorim Cork Amorim Cork Solutions Sales by Business Unit 30FY25 *Pro-forma figures 2023* 2024* 2025 Amorim Florestal + Amorim Cork 77.2% 77.3% 81.1% Amorim Cork Solutions 22.7% 22.6% 18.7% 100% 100% 100%
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EBITDA by Business Unit Values in million euros. 31FY25 14.0 113.0 13.8 0.2 141.0 Amorim Florestal Amorim Cork Amorim Cork Solutions Others Consolidated EBITDA
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EBITDA by Business Unit 32FY25 *Pro-forma figures Values in million euros. EBITDA/Sales (%) 2023* 2024* 2025 Amorim Florestal + Amorim Cork 21.1% 20.4% 18.6% Amorim Cork Solutions 7.0% 6.6% 8.5% Consolidated 18.0% 16.8% 16.4% 15.7 14.2 13.8 147.7 140.1 113.0 23.2 11.5 14.0 -9.6 -8.1 0.2 2023* 2024* 2025 Amorim Cork Solutions Amorim Cork Amorim Florestal Others
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Key P&L Figures Values in million euros. 33FY25 2023 2024 2025 yoy Sales 985.5 939.1 861.0 -8.3% Gross Margin 507.6 496.3 470.4 -5.2% Operating Costs (incl. depreciation) 382.6 396.3 388.3 -2.0% EBITDA 177.0 157.6 141.0 -10.5% Depreciation 51.9 57.6 58.9 2.2% EBIT 125.1 99.9 82.1 -17.9% Non-recurrent costs -0.8 -1.4 0.4 n.m. Net financial costs 7.8 11.9 4.8 -59.8% Share of (loss)/profit of associates 3.0 4.3 1.9 -56.1% Profit before tax 121.0 93.8 78.8 -16.0% Income tax 20.9 16.6 16.2 -2.4% Non-controlling interest 11.2 7.4 7.0 -6.1% Net Income 88.9 69.7 55.6 -20.3% 2023 2024 2025 yoy Gross Margin/ Sales 51.5% 52.8% 54.6% + 179 b.p. EBITDA / Sales 18.0% 16.8% 16.4% -40 b.p. Earnings per share (€) 0.668 0.524 0.418 -20.3%
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Key P&L Figures Values in million euros. 34FY25 4Q23 4Q24 4Q25 yoy Sales 222.2 212.8 184.5 -13.3% Gross Margin 115.1 113.1 103.8 -8.2% Operating Costs (incl. depreciation) 91.7 98.4 94.0 -4.4% EBITDA 37.2 29.9 23.4 -21.8% Depreciation 13.9 15.2 13.6 -10.5% EBIT 23.3 14.7 9.8 -33.3% Non-recurrent costs -0.8 -6.7 -0.0 n.m. Net financial costs 2.9 2.8 0.5 -83.0% Share of (loss)/profit of associates -1.0 1.2 -1.0 n.m. Profit before tax 20.2 19.8 8.4 -57.6% Income tax -4.5 -2.2 -2.5 14.7% Non-controlling interest 2.8 0.1 1.0 n.m. Net Income 21.9 21.9 9.9 -54.8% 2023 4Q24 4Q25 yoy Gross Margin/ Sales 51.8% 53.1% 56.3% + 315 b.p. EBITDA / Sales 16.7% 14.1% 12.7% -137 b.p. Earnings per share (€) 0.165 0.164 0.074 -54.8%
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382.6 396.3 388.3 38.5% 42.7% 45.8% - 100.0 200.0 300.0 400.0 500.0 600.0 700.0 0.0% 10. 0% 20. 0% 30. 0% 40. 0% 50. 0% 60. 0% 2023 2024 2025 Total Operating Costs (current) / (Sales + Change in Manufactured Inventories) Operating Figures 35FY25 Operating costs Values in million euros. 2023 2024 2025 yoy External supplies 151.2 151.5 140.5 -7.3% Transports 30.5 25.8 25.3 -1.9% Energy 15.0 19.1 19.1 -0.1% Staff costs 189.7 193.2 190.7 -1.3% Depreciation 51.9 57.6 58.9 2.2% Impairments 1.2 0.8 2.5 - Others -11.4 -6.8 -4.4 -35.8% Total Operating Costs (current) 382.6 396.3 388.3 -2.0%
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189.7 193.2 190.7 19.3% 20.6% 22.2% - 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 450.0 0.0% 5.0% 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 2023 2024 2025 Staff costs / Sales (%) Staff Values in million euros. 36FY25 Staff costs Number of workers 5,020 4,866 4,699 4,958 4,849 4,637 2023 2024 2025 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 Average Period-end
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Net Income Values in million euros. 37FY25 141.0 -58.9 -0.4 -4.8 1.9 -16.2 -7.0 55.6 EBITDA Depreciation Non-recurrent results Net financial results Gains/(losses) of Associates Income tax Non-controlling interests Net Income
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* Final figures according to the approved accounts. ** Inventories + accounts receivables - accounts payables + other operating assets/(liabilities). *** Investment property + Investments in associates + Other non-operating assets/(liabilities). **** Non interest bearing grants (reimbursable and non-reimbursable). Financial Position Values in million euros. 38FY25 December 31, 2021* December 31, 2022 * December 31, 2023 * December 31, 2024* December 31, 2025 Net Goodwill 9.8 18.9 23.9 29.2 29.1 Net Fixed Assets / Intangible Assets / Right of use / Biological assets 307.5 420.1 467.4 460.9 440.5 Net Working Capital ** 358.3 441.8 555.4 529.8 435.0 Other *** 61.2 46.2 43.0 44.3 48.1 Invested Capital 736.9 926.9 1,089.6 1,064.1 952.7 Net Debt 48.1 129.0 240.8 195.7 75.9 Share Capital 133.0 133.0 133.0 133.0 133.0 Reserves and Retained Earnings 462.9 532.6 577.2 611.3 618.1 Non Controlling Interests 27.3 79.3 89.8 90.8 89.2 Agreement to acquire non-controlling interests 5.0 - - - - Taxes and Deferred Taxes 33.3 25.1 19.6 5.6 13.5 Provisions 5.5 6.6 11.1 8.9 7.4 Grants **** 21.7 21.3 18.0 17.9 15.7 Equity and other sources 688.8 797.9 848.8 867.5 876.8
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Net Working Capital Values in million euros. 39 Net Debt Current sales and EBITDA of the last four quarters. FY25 240.8 195.7 75.9 1.4x 1.2x 0.5x 0.0 100.0 200.0 300.0 400.0 500.0 600.0 0.00 1.00 2.00 3.00 4.00 5.00 2023 2024 2025 NET DEBT / EBITDA 555.4 529.8 435.0 56.4% 56.4% 50.5% 0.0 100.0 200.0 300.0 400.0 500.0 600.0 0% 20% 40% 60% 80% 100% 120% 2023 2024 2025 NWC / SALES
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Net Debt 40FY25 Values in million euros. * Acquisition of the remaining 45% of Intercap 42.8 2.8 42.6 -80.7 7.7 1.1 4.8 -141.0 75.9 195.7 Net Debt (Dec. 31, 2024) Capex Acquisitions* Dividends Paid Working Capital Needs Taxes Other Financial Costs EBITDA Net Debt (Dez. 31, 2025)
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Debt Profile 41FY25 Debt breakdown by maturity 28.5% 26.2% 1.0% 44.3% 0.0% < 1 year < 2 years < 3 years < 4 years > 5 years 2022 2023 2024 2025 Fixed 40% 27% 26% 21% Variable 60% 73% 74% 79% Sustainable financing 40% 38% 54% 67% Average cost of debt 1.2% 3.1% 3.7% 2.6% Average maturity 2.0 1.8 2.3 2.6
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Ratios Values in million euros. 42FY25 * Current sales and EBITDA of the last four quarters. FCF = EBITDA – Net financing expenses – Income tax – Capex – NWC variation. ROIC = Annualized NOPAT / Capital employed (average). 2022 2023 2024 2025 Net Debt / EBITDA * 0.79 1.36 1.24 0.54 EBITDA / Net Interest 148.6 52.6 45.0 86.7 Gearing 17.3% 30.1% 23.4% 9.0% NWC / Market capitalization 38.1% 45.7% 49.5% 49.5% NWC / Sales x 360 * 109.3 202.9 203.1 181.7 Free cash flow (FCF) -139.6 -45.1 109.5 175.9 Capex 76.7 95.3 43.0 42.8 Return on invested capital (ROIC) pre-tax 12.4% 12.0% 12.3% 8.2% Return on invested capital (ROIC) 11.8% 10.0% 10.2% 6.4% Average Cost of Debt 1.2% 3.1% 3.7% 2.6%
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0.270 0.270 0.185 0.270 0.290 0.290 0.290 0.320 49.2% 46.4% 32.8% 55.8% 51.6% 39.2% 43.4% 76.6% -0. 050 0.050 0.150 0.250 0.350 0.450 -10.0% 10. 0% 30. 0% 50. 0% 70. 0% 90. 0% 110.0% 130.0% 2018 2019 2020 2021 2022 2023 2024 2025 Dividend per share (€) Payout ratio (%) Dividends Dividend of year N-1 is payed in year N. Dividend yield = dividend per share/average share price (N-1). Steadily growing Dividend Payment In 2025, a total of 42.6 M€ was paid out in dividends (2024: 38.6 M€). The Board of Directors will propose at the Shareholders General Meeting (May 4), the approval of a total gross dividend of € 0.35 per share, to be paid in full in May. 43FY25 2018 2019 2020 2021 2022 2023 2024 2025 Issued shares Qt. 133,000,000 133,000,000 133,000,000 133,000,000 133,000,000 133,000,000 133,000,000 133,000,000 Year-end close (N-1) € 10.300 9.000 11.300 11.600 11.280 8.720 9.140 6.610 Earnings per share (N-1) € 0.549 0.582 0.564 0.484 0.562 0.740 0.668 0.418 Payout % 49.2% 46.4% 32.8% 55.8% 51.6% 39.2% 43.4% 76.6% Dividend per share € 0.270 0.270 0.185 0.270 0.290 0.290 0.290 0.320 Total dividend M€ 35.9 35.9 24.6 35.9 38.6 38.6 38.6 42.6 Dividend Yield % 2.4% 2.5% 1.8% 2.4% 2.9% 3.0% 3.2% 4.2%
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Stock Market Source: Euronext | Corticeira Amorim 44FY25 2019 2020 2021 2022 2023 2024 2025 Qt. of shares traded 9,481,944 13,353,226 11,448,484 19,946,784 13,258,212 13,859,154 27,313,410 Share price (€): Maximum 11.520 11.780 12.700 11.360 10.620 10.080 8.550 Average 10.062 9.990 11.031 9.864 9.664 9.115 7.615 Minimum 8.710 7.480 9.860 8.500 8.740 7.900 6.360 Period-end 11.300 11.600 11.280 8.720 9.140 8.050 6.610 Trading Frequency 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Stock market capitalisation at period-end (M€) 1,503 1,543 1,500 1,160 1,216 1,071 879
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Sustainable by nature 45
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ESG Strategic Pillars Talent management Encourage training and personal and professional development for all workers Sustainable by nature Ethics and integrity Act ethically, transparently and responsibly, in favour of competitiveness and the creation of sustainable value for all stakeholders and the planet Climate change Reduce the environmental impact of operations by adopting renewable, affordable and efficient solutions Labour relations, employment and DEI Create an inclusive and diverse working environment, guarantee equal opportunities and fair pay, and adopt policies that eliminate discrimination and harassment in the workplace Value chain Reinforce responsible production and consumption, preferably selecting suppliers that adopt good ESG practices Biodiversity and ecosystems Preserve the cork oak forest and ecosystem services by increasing knowledge, mobilising resources and proposing initiatives Customers and end- consumers Ensure product safety and quality, support research, development and innovation, and promote sustainable solutions for all Community / Society Leverage economic growth in a sustainable and inclusive way, ensuring efficient production and decent work for all Circular economy Apply the principles of circular economy through the reduction of waste, extend the life of materials and regeneration of natural systems Safety, health and well-being Ensure the safety, health and physical and psychological well-being of all workers, and promote appropriate work environments Promote the environmental features of the products and the cork oak forest Promote well -being and equal opportunities for all Promote R&D+I and leverage economic performance Drivers 46FY25
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ESG Ambition: 2030 (Sustainability Targets Perimeter | baseline 2020) Zero non-renewable virgin packaging materials 100% controlled renewable electricity Zero recordable work-related accidents 100% workers with training 1 million cork oak trees planted (FIP) 40% water use efficiency 33.3% women in management positions 20% energy efficiency -42%* scopes 1 and 2 -25%* scope 3 50%* production units with ISO 14001 certification *Financial Perimeter | baseline 2024 47FY25
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48 Balanced and Agile Governance Model Anglo-Saxon Model FY25
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Including an Independent Lead Director 25% of women at the Executive Committee Combining vision, experience and challenging approaches FY25 Non- independent: 54.5% Independent: 45.5% Men: 63.6% Women: 36.4% 46-55: 27.3% +65: 18.2% 56-65: 54.5% Term of Office: 2024-2026 Balanced and Agile Governance Model Leveraging Board Effectiveness 49
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Shareholder Structure 50FY25 50% 10.32% 50% 28.59% 51% 50% 10.09%10.32% 50% 51% CORTICEIRA AMORIM, SGPS, S.A. AMORIM INVESTIMENTOS E PARTICIPAÇÕES, SGPS, S.A. AMÉRICO FERREIRA DE AMORIM FAMILY OFFICE ANTÓNIO FERREIRA AMORIM FAMILY OFFICE Held directly and indirectly. Free-float includes 3,045,823 shares (2.29%) held by fund managed by Santander Asset Management, SA, SGIIC (June 2019) 28.59% FREE-FLOAT
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Corticeira Amorim, SGPS, S.A. Rua Comendador Américo Ferreira Amorim, 380 PO BOX 20 4536-902 Mozelos, Portugal Ana Negrais de Matos, CFA IRO T +351 227 475 423 ana.matos@amorim.com T +351 22 747 54 00 F +351 22 747 54 07 corticeira.amorim@amorim.com Disclaimer: This document has been prepared by Corticeira Amorim, SGPS, SA and solely for use at the presentation to be made on this date and its purpose is merely of informative nature. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions. This document contains general information based on management’s current expectations or beliefs, which, although based on assumptions deemed appropriate on this date, are subject to several known or unknown and usual or extraordinary factors, risks and uncertainties, which are beyond the control of Corticeira Amorim, SGPS, SA and are difficult or impossible to predict. These factors, risks and uncertainties could cause the information expressed or implied in this presentation to differ materially from the actual results or achievements of Corticeira Amorim, SGPS, SA. This presentation cannot be considered as advice, and should not be treated as such. The information contained in this presentation has not been independently verified by any of our advisors or auditors. Investor and analysts, and generally all recipients of this document, must not rely on the information in this document as an alternative to other sources of information or advice. To the maximum extent permitted by applicable law, we exclude all express or implied representations, warranties, undertakings and guarantees relating to this document content. Without prejudice to the generality of the foregoing paragraphs, we do not represent, warrant, undertake or guarantee: – that the information in this document is absolutely correct, accurate or complete; or – that the forward-looking statements or the use of this document as guidance will lead to any particular outcome or result; – that we will update any information included in this presentation, including forward-looking information, opinions or other statements contained herein, either to reflect the mere updating of management’s current expectations and beliefs or to reflect any changes in the relevant conditions or circumstances on which these current expectations and beliefs were initially based. Neither Corticeira Amorim, SGPS, SA nor any of its affiliates, subsidiaries, directors, representatives, employees and/or advisors shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this presentation. Corticeira Amorim, SGPS, SA does not authorize the distribution or reproduction of this presentation in any form, in whole or in part. Therefore, any person who distributes or reproduces this presentation shall assume full liability for the consequences of such conduct, including in particular, but without limitation, if the same presentation or the information contained therein is made available, in whole or in part, in jurisdictions where its disclosure constitutes a violation of the applicable law or is otherwise not permitted. This disclaimer will be governed by and construed in accordance with Portuguese law, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of Portugal. www.amorim.com FY25
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