Apparel Market Recovery and Financial Overview

Measures started 2022 to further reduce costs and secure liquidity are well on track Global program to define and implement cost reduction measures well under way Cash effective savings Reorganization and cost savings program with annualized and recurring impact of EUR > 70 mn on track Full impact targeted by the end of 2023 Working capital Capex Risk management www.lenzing.com Working capital improvement measures on track Inventory levels reduced in Q1 2023 • Reducing efficiently managing capex well under way Capex in Q1 2023 about 50 % down from Q4 2022 Energy hedging strategy in place Majority of energy cost for 2023 locked-in Lenzing 3 May 2023 16 Innovative by nature

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