Aquafil S p A : Northern Midcap Event - Intermonte Presentation

Investor Presentation

[ECNL:IM]

[ECNLF: OTCQX]

Northern MidCap Event

Virtual, May 19, 2026

Aquafil is Market Leader in Nylon

• Apparel

• Swimwear

• Sportwear

17%

% on 1Q 2026 REVENUES

• Contract

• Residential

• Automotive

71%

2

Carpet yarn

Textile yarn

Engineering Plastics

& Other Polymers

12%

• Industrial Molding

• Extrusion

• Compounding

And Market Leader Worldwide

% on 1Q 2026 REVENUES

USA Europe Asia Pacific

31% 54% 15%

Company Strengths

A successful Business Model. Proprietary technology with continuous R&D innovation

More than 7€/mln. invested in R&D

in FY25

Pioneer of Circularity with the ECONYL® Regeneration System

+60% of fiber turnover

in FY25

Glocal.

A Global Company with

local productions

19 Plants in

8 Countries

Focus on R&D and innovation

More than 7€/mln. invested in R&D in FY 2025

Ecodesign projects (e.g. Born Regenerated to be Regenerable (R2R), CISUFLO, circular fishing nets)

Special spinning technologies (i.e. One Step Technology)

New technology for recycling multi fiber fabrics

Application of ECONYL® in 3D printing industry and cast nylon

Separation of multilayer carpets and circularity of individual components

Digitalization: AI, predictive modelling and automation

Next-generation "bio caprolactam"

Valorization and recovery of raw materials from our waste (wastewater and depoly waste )

PET chemical recycling with demo-scale plant completed

Collaboration for defining the international standardization (EN and ISO) in the fields of circularity, ecodesign, sustainability in the textile, fishing nets and accessories sectors.

Infinitely Recyclable. Endless Possibilities

100% regenerated from pre- and post-consumer nylon waste.

100% regenerable nylon. Unique proprietary technology.

Same quality and performance as standard nylon without using new resources.

Fishing nets from aquaculture and from

the oceans

POST-CONSUMER

Old carpets

destined for landfills

POST-CONSUMER

0R1escue

Fabric Scraps

PRE and POST-

CONSUMER

Plastic Components

PRE-CONSUMER

The ECONYL® Regeneration System starts with rescuing waste otherwise polluting the Earth. like fishing nets, fabric scraps, carpet flooring and industrial plastic all over the world.

That waste is then sorted and cleaned to recover all the nylon possible.

0Re4imagine

Designers use ECONYL® nylon to create new products without ever having to tap new resources. That nylon has the potential to be recycled infinitely, without ever losing its quality.

0R3emake

ECONYL® nylon is processed into

yarns and polymers for the Automotive, fashion, furniture and interior industries.

01Rescue

02Regenerate

Through a radical regeneration and purification process, the nylon waste is recycled right back to its original purity.

That means ECONYL® nylon is exactly the same as fossil-based nylon.

Global and flexible footprint

allowing higher proximity to the clients, efficient logistic platform, diversified currency exposures, shorter delivery time, lower production costs and lower exposure to import duties and tariffs

Key figures

1Q 2026

EBITDA: 19.8 €/mln (+15.8% vs 1Q25)

Revenues: 133.8 €/mln

59.1% ECONYL® fibers revenues

NFP: 209.5 €/mln as of March 31, 2026

Our Top ESG Achievements

SOCIAL

• Training for more than 50% of employees on diversity-related topics;

• Creation and launch of professional development paths for identified talent within the Group.

ENVIRONMENT

• Generate 60% of our fibers revenues from ECONYL® and other regenerated fibers;

• Reuse of approximately 50% of pallets (BCF EMEA Area);

• The purchase of 100% renewable electricity;

• New collaborations with

clients on R2R projects.

GOVERNANCE

• Platinum medal according to EcoVadis rating;

• The monitoring and preliminary assessment of key suppliers along the supply chain via the EcoVadis project.

Industry top rated according to Sustainalytics ESG Risk Rating

and

Platinum Medal

according to EcoVadis.

Ownership Structure

The capital is structured with 2 type of shares:

1. Ordinary shares (No. 73,172,206);

   
   
   

2. Class B shares: dedicated to Bonazzi's family with the same economic right of the ordinary shares, with 3 voting rights per share (No. 14,364,028).

Chiara Mio

Chair (1) (3)

Stefano Loro

Director

Giulio Bonazzi

CEO

Corporate Governance

1. Director who has declared that he satisfies the independence requirements pursuant to Articles 147-ter, paragraph 4 of the Consolidating Law on Finance, as well as Article 3 of the Code of Self-Governance;

   Franco Rossi

   Director

   
   
   

   Francesco Bonazzi

   Director

   
   
   

   Silvana Bonazzi

   Director

   
   
   

2. Member and President of Audit, Risk and Sustainability Committee;

3. Member of Audit, Risk and Sustainability Committee;

4. Member and President of Appointment and Remuneration Committee;

5. Member of Appointment and Remuneration Committee.

Patrizia Riva

Director (1) (2) (5)

Roberto Siagri

Director (1) (3) (4)

Lorena Ponti

Director (1) (5)

Diversity: +44% women

Independent Directors: +44%

Financial Results and expectations

Key Messages 1Q 2026

✓

✓

Continuously growing margins

Significant operating cash generation

✓

✓

Volumes in line with expectations

Substantial fixed cost savings

Financial Results

Revenues

EBITDA

Net Result

NFP

2025	2026	Δ%
144,0	133,8	(7,1)%

2025	2026	Δ%
17,1	19,8	15,8 %
11,9 %	14,8 %

2025	2026	Δ%
0,4	1,2	(185,2)%
0,3 %	0,9 %

31.12.25	31.03.26	Δ%
209,5	209,5	0,0 %

1Q

% on Revenues

Volumes

in line with expectations

Lower sales prices

due to

raw material cost trend

ECONYL® 59.1%

of Fiber Revenues

Higher vs 1Q 2025

Mainly thanks to

production efficiencies and

cost containment actions

Improved vs 1Q 2025

Mainly thanks to

EBITDA increase

and Lower D&A

Stable

vs Dec. 2025

NFP/EBITDA LTM

x2.79

on 31st March 2026

X2.89

on 31st December 2025

Financial Results | NFP evolution €/mln

2026 Guidance

Key indicators

• Volumes by business lines

  Plastics

  BCF - Carpet yarn NTF - Textile yarn EP - Engineering

  
  
  

  '26E vs '25A From +3% to +7% From +7% to +10% From +3% to +7%

• EBITDA: 79 - 83 €/mln

• NFP*: 185 - 195 €/mln

• Capex: 24 - 28 €/mln

Annex

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Annex - Disclaimer

This presentation and any material distributed in connection herewith (together, the "Presentation") prepared by Aquafil S.p.A. ("Aquafil" or "Company") do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer to purchase or subscribe for any securities, and neither this Presentation nor anything contained herein shall form the basis of, ore be relied upon in connection with, or act as an inducement to enter into, any contract or commitment whatsoever.

The Presentation contains forward-looking statements regarding future events and the future results of Aquafil that are based on current expectations, estimates, forecasts, and projections about the industries in which Aquafil operates and the belief and assumptions of the management of Aquafil. In particular, among other statements, certain statements with regards to management objectives, trends in results of operations, margins, costs, return on equity, risk management are forward-looking in nature. Words such as 'expects', 'anticipates', 'targets', 'goals', 'projects', 'intends', 'plans', 'believes', 'seeks', 'estimates', variations of such words, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Therefore, Aquafil's actual result may differ materially and adversely from those expressed or implied in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, economic conditions globally, political, economic and regulatory developments in Italy and internationally. Any forward-looking statements made by or on behalf of Aquafil speak only as of the date they are made. Aquafil does not undertake to update forward-looking statements to reflect any changes in Aquafil's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

No reliance may be placed for any purposes whatsoever on the information contained in the Presentation, or any other material discussed in the context of the presentation of such material, or on its completeness, accuracy or fairness. The information contained in the Presentation might not be independently verified and no representation or warranty, express or implied, is made or given or on behalf of the Company or any of its members, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this document or any other material discussed in the context of the presentation of the Presentation. None of the Company, nor any of its respective members, directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of the Presentation or its contents or otherwise arising in connection therewith.

The reader should, however, consult any further disclosure Aquafil may make in documents it files with the Italian Securities and Exchange Commission

and with the Italian Stock Exchange.

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