Corticeira Amorim S.G.P.S. (COR) Corporate presentation summary

Market leadership and global presence

• Largest global exporter and processor of cork, operating since 1870 with presence in 25 countries and sales in nearly 100 countries.

• Employs over 4,600 people, with more than 1,400 outside Portugal, and serves over 25,000 customers.

• 93% of sales are international, supported by 44 distribution companies and a diversified client base.

• Maintains internal R&D structures across all business units, investing an average of €8.3 million annually.

Sustainability and environmental stewardship

• Cork is a 100% natural, renewable, recyclable, and biodegradable material, harvested without harming trees.

• Cork oak forests provide significant ecosystem services, including CO2 sequestration, biodiversity, and employment.

• 1.8 million trees planted since 2008, with ongoing projects to reduce the cork extraction cycle and enhance forest resilience.

• 100% of cork is used, with a 79.7% waste recovery rate and 84.3% of materials being renewable or recycled.

Financial performance and business model

• Sales reached €1,021.4 million in 2023, with EBITDA margins consistently above 15% since 2016.

• Sales are geographically diversified, with 60.3% in the EU, 15.9% in the USA, and significant presence in other regions.

• Vertically integrated structure maximizes resource value through product diversification and innovation.