Borregaard (BRG) SEB Nordic Seminar presentation summary

Company background and market position

• Founded in 1889 in Norway, with over 135 years of experience and a history as one of Norway's largest companies for over 60 years.

• Operates the world's most advanced biorefinery, fully utilizing sustainable Norway Spruce as raw material.

• Employs 1,150 people, with business in 13 countries and sales to 100 countries, generating 7.6 billion NOK turnover and 1.9 billion NOK EBITDA.

Business model, strategy, and innovation

• Biorefinery model focuses on high value-added products through full raw material utilization and diversified markets.

• Specializes as a global niche player in markets with high entry barriers, leveraging application knowledge and proximity to markets.

• Strong innovation and continuous improvement are core, with competence as a key competitive advantage.

• Strategic priorities include increased specialisation, value growth, and targeted investments in capacity and new initiatives.

Product portfolio and market reach

• Leading supplier of lignin-based biopolymers, only producer of wood-based vanillin, and pioneer in cellulose fibrils.

• Product applications span agriculture, construction, food & pharma, chemicals, and fine chemicals.

• Sales distribution in 2024: Europe 46%, Americas 30%, Asia 23%, Rest of World 1%.