Renewi : Investor Introduction

Renewi

Advancing circularity

RWI.L

RWI.AS

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Disclaimer

This presentation has been prepared by Renewi plc (the "Company") and is for information purposes only. The information contained in this presentation is being made available to, and is only directed at, persons to whom it may lawfully be communicated to ("Relevant Persons"). Any person who is not a Relevant Person should not act or rely on this presentation or any of its contents. This presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. No representation, warranty or undertaking, express or implied, is or will be made in, or in relation to, and no responsibility or liability (including, without limitation, any liability in negligence) is or will be accepted by the Company or any of its connected persons as to, or in relation to, this presentation or the accuracy or completeness of the information contained therein or any other information, whether written or oral, made available to any Relevant Persons and any liability therefore is hereby expressly disclaimed. The information contained in this presentation should not be assumed to have been updated at any time subsequent to the date shown on the cover hereof. The information relating to the Company and its subsidiaries contained in this presentation has not been verified. This presentation may not be reproduced, redistributed or disclosed in whole or in part to any other person without the prior written consent of the Company. This presentation does not constitute or form part of, and should not be construed as, an offer, invitation, inducement or recommendation for the sale or purchase of all or any part of the capital or assets of the Company or any of its subsidiaries. Unless specified otherwise, no statement in this presentation is intended as a profit forecast or estimate for any period and no statement in this presentation should be interpreted to mean that earnings or earnings per share for the Company for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for the Company. Certain statements, beliefs and opinions in this presentation, are forward-looking, which reflect the Company's or, as appropriate, the Company's directors' current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. In this notice, "connected persons" means, in relation to the Company, its subsidiaries and subsidiary undertakings and the respective directors, officers, employees, agents and advisers of each of the Company and those subsidiaries and subsidiary undertakings. By attending the presentation to which this presentation relates or by accepting this presentation in any other way, you agree to be bound by the foregoing provisions. This presentation is governed by English law, and by accepting a copy of this presentation you agree that the courts of England have non-exclusive jurisdiction to settle any disputes arising out of or in connection with this presentation.

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Contents

The Renewi Business	4
Strategic priorities	18
FY24 performance	24
Divisional performance	31
Building a strong platform for growth	36
Strategic outlook	41
Appendix recyclate prices	50

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The Renewi Business

4

Renewi is uniquely positioned to take advantage of the strong market growth opportunity

1	Attractive growth outlook
underpinned by strong regulatory
	and customer demand tailwinds
2	Market leader, at the forefront of
recycling technology in the most
	advanced recycling markets
3	Strong partner- and customer
relationships and value proposition
	drive commercial momentum
4	Unmatched footprint with hubs close
to customers and state-of-art
	recycling sites benefiting from scale
5	Significant investments made to take
advantage of growth opportunity

Increasingly strict	50%		55%		Increasing sustainability
regulation and	reduction in material	Plastic packaging		requirements by companies
sustainability targets:	footprint by 2030	recycling rate by 2030			and consumers
#1	#1		#1		#1
Commercial Waste	Hazardous Waste	Fridge dismantling	Glass recycling
NL and BE	NL*		NL and BE	NL and BE *

154 500k 1800+

Key FacilitiesContainers & binsVehicles

>€100m**	Renewi 2.0
Growth capex spent over L2Y

* According to company estimates	5
** Including Paro acquisition in August 2022

Renewi's vision

* vs. 63.2% today (FY24)

Leader in recycling

• Extend industry leading position to 75% recycling*
• Divert more volumes from incineration
• Develop new recycling technologies and partnerships

Leader in low carbon secondary materials production

• Invest in advanced technology to produce high quality low carbon secondary materials replacing virgin sources

Grow market share

• Develop partnerships with leading companies
• Invest in advanced treatment capacity
• Offer superior customer propositions
• Consolidate market position over time

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Renewi in numbers

CustomersFootprint

150,000+	154
Customers	Operating sites
500,000	6,500+
Containers and bins	Employees
1800	5
Vehicles	Countries

Sustainability

2.5mT

CO2 avoided

63.2%

Recycling rate*

6.6mT

Low-carbon recyclate output

FY24: €1.7b revenue and €106m underlying EBIT from continued operations

* Percentage materials recycled (6.6m tonnes) over all outgoing volumes (10.4m tonnes)

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Our divisions

Commercial Waste

• Industrial and Commercial waste in Netherlands and Belgium
• Processing of mixed waste and monostreams to circular materials, organics to bio-gas and bio-LNG

Mineralz & Water

• Processing and cleaning contaminated soil and tar to make building products such as gravel, sand and filler
• Cleaning of bottom ash and contaminated water
• Packed chemical waste processing activities

Specialities

• Maltha glass recycling
• Coolrec - speciality Waste and Electrical and Electronic Equipment (WEEE) recycling
• UK Municipal (asset held for sale) - Private Finance Initiative, waste management services for 5 municipalities

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Financial contribution by division FY24

Revenue €1.7 bn

Underlying EBIT €106 m

Commercial Waste

Mineralz & Water

Specialities

Commercial Waste

Mineralz & Water

Specialities

Commercial Waste - core	Mineralz & Water - recovering Specialities - high-growth
* from continued operations	9

Renewi in the circular economy

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