Q2 2023 Energy and NaOH Market Prices Analysis slide image

Q2 2023 Energy and NaOH Market Prices Analysis

Lenzing is uniquely positioned to take full advantage of market rebound Best positioned in terms of megatrends . Benefitting from increased sustainability awareness . Growing demand for WBCF1 due to the widening of the cellulosic gap driven by cotton supply constraints Fast growing market demand Demand for WBCF1 expected to grow at ~4-6% p.a. Lyocell market forecast growth at >20% p.a. Shifting portfolio further towards specialty • All Lenzing sites planned to produce specialty fibers by Q4 2023 Strong demand for LENZINGTM ECOVEROTM and TENCEL™ branded modal fibers Backward integration ~95%² backward integrated in dissolving wood pulp following the completion of the DWP plant in Brazil Source: Company information 1 Wood-based cellulosic fibers; 2 As of 2022A, nominal capacity www.lenzing.com 1 August 2023 - 20 • • • Strongest brand portfolio High brand awareness driven by the right mix of well- known premium brands and customer centric approach Operational and sustainable improvements Significant cost savings program well underway Successful implementation of capex and working capital improvement measures Enhance Lyocell capacity Fully participating in growth of the most attractive segment of WBCF market with the new Lyocell plant in Thailand Two new plants completed and ramped-up Normalised capex levels due to the two new plants in 2022 being fully invested and ramped up Lenzing Innovative by nature
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