Financial targets

Our financial targets for 2027 and onwards

Disclaimer

Cautionary note regarding forward-looking statements

The statements contained in this presentation may include forward-looking statements, such as statements of future expectations. These statements are based on the management’s current views and assumptions and involve both known and unknown risks and uncertainties.

Although Axactor believes that the expectations implied in any such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct.

Actual results, performance or events may differ materially from those set out or implied in the forward-looking statements. Important factors that may cause such a difference include, but are not limited to: (i) general economic conditions, (ii) performance of financial markets, including market volatility and liquidity, (iii) debtors' ability and willingness to repay debt, (iv) interest rate levels, (v) currency exchange rates, (vi) changes in the competitive climate, (vii) changes in laws and regulations, (viii) changes in the policies of central banks and/or foreign governments, or supranational entities.

Axactor assumes no general obligation to update any forward-looking statement.

Dimension	Financial targets 2027 and onwards
Growth	Investments of EUR 200-400 million annually Average 3PC revenue growth of 10% annually
ROE	Annual ROE exceeding 15%
Leverage	Focus on moderate leverage to create an optimal capital structure 2.25-2.75x ^(*) net debt / cash EBITDA
Total Shareholder Distribution	Minimum 50% adj. net income, distributed through cash dividends and/or share buybacks ^(**)

(*) Leverage on consolidated basis = (net interest-bearing debt / pro-forma adjusted cash EBITDA), as defined in the bond covenants
(**) Assumes new set of covenants for new bonds and revised dividend policy