Altri (ALTR) Investor presentation summary

Strategic positioning and market overview

• Leading hardwood pulp producer in Europe, with strong sustainability rankings and diversification into sustainable textile fibers and bioproducts.

• Operates three fiber mills with a combined capacity of 1.145 million tons/year and manages over 100,000 ha of forest, including conservation areas.

• Focuses on cost leadership, securing wood at competitive prices, and leading the sector's sustainability agenda.

• Sales are global, with 62% in Europe, 25% in Middle East & North Africa, and 13% in Asia.

Market trends and growth drivers

• Global demand for bleached hardwood kraft pulp (BHKP) and dissolving pulp (DP) is expected to grow steadily until 2028, driven by tissue, packaging, and textile markets.

• BHKP prices have averaged $1,135/ton since 2021, with mid-term forecasts above $1,400/ton.

• DP maintains a significant price premium over BHKP, averaging 47% in the last five years.

• Positive medium-term outlook for pulp and paper, with growth led by Asia and higher-value segments like textiles and packaging.

Sustainability and ESG leadership

• Committed to reducing GHG emissions by 51% and water use by 50% by 2030, with all units targeting zero fossil fuel use.

• Forest assets are fully certified, aiming for 80% certified wood sourcing by 2030.

• Recognized for ESG performance, ranking 2nd out of 71 in its industry by Sustainalytics and achieving top ratings from CDP and EcoVadis.

• Transparent reporting of carbon footprint and water usage per ton of pulp.