Altri (ALTR) Investor presentation summary

Market position and strategy

• Holds a €1.0bn market cap, listed on Euronext Lisbon, with 75.6% held by reference shareholders and 24.4% free float.

• Recognized as Europe's most efficient hardwood pulp producer and a global sustainability leader in the sector.

• Pursues diversification into sustainable textile fibers and bioproducts, focusing on value-added segments.

• Operates three fiber mills with a combined capacity of 1.15 million tons/year by 2027 and manages over 102,000 ha of forest, including conservation areas.

• Key trends include cost leadership, securing wood at competitive prices, and leading the sustainability agenda in Europe.

Market dynamics and outlook

• Global BHKP demand is projected to grow by 0.7M tons/year until 2028, driven by tissue, packaging, and specialty segments.

• Average BHKP price since 2021 is $1,135/ton, with mid-term forecasts above $1,400/ton.

• Holds 1% global market share in pulp (2% in BHKP) and 4-5% in dissolving pulp (DP) by 2027.

• DP demand is expected to grow by 0.25M tons/year until 2028, with DP maintaining a 45-47% price premium over BHKP.

• Positive medium-term outlook for pulp and paper, with Asian demand recovery and stable European inventories.

Sustainability and ESG leadership

• Targets a 51% reduction in GHG emissions and 50% reduction in water use by 2030; aims for zero fossil fuel use at all sites.

• All forest assets are certified, with a goal to use 80% certified wood by 2030 and double conservation areas.

• Recognized by Sustainalytics, CDP, and EcoVadis as a top ESG performer, with platinum and A-list ratings.

• Transparent reporting of carbon and water footprints per ton of pulp on invoices.