The Navigator Company (NVG) Investor presentation summary

Solid and resilient business model

• Vertically integrated producer of pulp, paper, tissue, packaging, and bioenergy, leveraging Eucalyptus Globulus and advanced R&D.

• Diversified revenue streams with global sales to 130 countries and strong premium brand positioning.

• Operational flexibility and responsible price management support resilience in cyclical markets.

• Average EBITDA margin of 24.8% over 14 years, with a minimum of 21% and a maximum of 30%.

• Production capacity: 1.6 Mt pulp, 1.6 Mt paper, 165 kt tissue, 381 MW energy.

Market leadership and product portfolio

• #1 in Europe for uncoated woodfree paper and bleached eucalyptus pulp; #6 and #7 globally, respectively.

• Leading tissue producer in Portugal, #2 in Iberia, #4 in UK, with recent Accrol acquisition boosting UK presence.

• Packaging segment (gKRAFT) sales volume up 108% YoY, with strong market recognition and innovation focus.

• Premium products and own brands represent 60% and 80% of paper sales, respectively.

Sustainability and innovation

• 340 million euro decarbonization roadmap, 89% implemented, targeting 86% CO2 reduction by 2035.

• 80% renewable energy in total primary consumption; 76% of electricity from renewables.

• Top ESG ratings: Sustainalytics, MSCI, CDP A-, Ecovadis Gold, and science-based targets approved.

• R&D investment of €43.2 million since 2021, with 43 patents and a focus on bioproducts, biomaterials, and biofuels.