Lenzing Investor Presentation 2022 Full-year Results

Gradual recovery of China's economy is expected to have positive impact on Chinese fiber and pulp markets Fiber prices in China USD/kg, excl. VAT Viscose Cotton Polyester Dissolving hardwood pulp 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 1/20 7/20 SOURCE: CCFG; Cotlook; ICAC www.lenzing.com 1/21 7/21 1/22 7/22 приват 1/23 09/03/23 - 45 Viscose • VSF market started bullish after Chinese New Year, however the recovery proved to be more slowly than expected and the VSF price was slightly adjusted Operating rates in Chinese VSF industry are currently fairly high at -80% Compared to the production level, inventories at VSF plants are not large and would be sufficient for ~ 23 days Cotton • After the price rally last year, cotton prices move largely sideways now • The current price level remains relatively high in historical comparison Cotton prices prove to be sensitive to new macro data Polyester • Price development was mostly driven by feedstock cost Dissolving hardwood pulp Higher downstream operation rates support pulp demand and prices Lenzing Innovative by nature

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