Scandinavian Enviro Systems (SES) Investor Update summary

Strategic vision and market opportunity

• Aims to create the world's largest recycling group for end-of-life tires using advanced pyrolysis technology, targeting 1 million tonnes annual recycling capacity in Europe by 2030.

• Proven technology with over 20 years of innovation, strong IP position, and key partnerships, notably with Michelin as a principal shareholder since 2020.

• Market demand for recovered carbon black (rCB) could reach 1 million tonnes by 2030, driven by sustainability commitments and regulatory trends.

• Recycled products have been validated by major industry players, with SEK 2 billion in signed customer agreements.

European expansion and joint venture structure

• Joint venture with Antin Infrastructure Partners and Michelin targets recycling 30% of Europe's end-of-life tires.

• Enviro leads technology development, blueprinting, and initial plant construction, while Antin focuses on financing and scaling operations.

• Infiniteria, the operating company, will gradually assume responsibility for plant construction and maintenance.

• Modular plant design enables efficient rollout and scalability across Europe.

Uddevalla plant and operational progress

• Uddevalla plant, the first large-scale facility, is under construction with a 34,500-tonne capacity and potential to double.

• Majority of capacity already committed via SEK 2 billion off-take agreements; plant expected operational by end of 2025.

• Enviro receives milestone payments in cash and Infiniteria shares, with an option to increase ownership to ~30%.