Altri (ALTR) Investor presentation summary

Strategic positioning and market overview

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

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

• Diversifies into sustainable textile fibers and bioproducts, with three fiber mills and 102,595 ha of managed forest, including 12,000 ha conservation areas.

• Maintains a 1% global market share in pulp (2% in BHKP) and 6% in dissolving pulp, with strong European presence.

Market trends and growth drivers

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

• Dissolving pulp demand is expected to rise by 0.25M tons/year, led by viscose and lyocell applications.

• BHKP prices averaged $1,135/ton (2021-2025), with mid-term forecasts above $1,400/ton.

• Dissolving pulp commands a 45-47% price premium over BHKP.

Operational excellence and sustainability

• Focuses on cost leadership, process optimization, and securing wood at competitive prices.

• Implements ambitious 2030 sustainability goals: 51% GHG reduction, 50% water use cut, zero fossil fuels, and doubling conservation areas.

• All forest assets are certified, aiming for 80% certified wood use by 2030.

• Recognized by Sustainalytics, CDP, and EcoVadis for ESG leadership.