2023 corporate presentation

CORPORATE PRESENTATION 2023

1

OUR MISSION

4

ORGANIZATION CHART

2

OUR VALUES

5

GEOGRAPHIC FOOTPRINT

6

8

STRATEGIC & CURRENT PROJECTS

9

SAICA NATUR

10

SAICA PAPER

INTEGRATION CYCLE

3

MILESTONES

7

SAICA KEY FACTS & FIGURES

11

SAICA PACK

12

SAICA FLEX

3

CORPORATE PRESENTATION 2023

1

OUR MISSION

4

OUR MISSION

GREEN

COMMITMENT

Mission To provide sustainable paper solutions for corrugated board and packaging, while developing circularity in waste management.

5

CORPORATE PRESENTATION 2023

2

OUR VALUES

6

OUR VALUES

We Care Sustainable and Profitable Growth Safety Environment Long-term investments and results

We Value Commitment and Teamwork People Development Quality Service Continuous Improvement

We Challenge Innovation Efficiency Development R+D+i Technology

7

CORPORATE PRESENTATION 2023

3

MILESTONES

8

MILESTONES

Saica Group milestones

Start of production

Start-up of cogeneration

Lightweight Papers

Opening of Saica Paper in UK

1943

1987

2000

2012

1975

1998

2011

Diversification

International Markets

Waste to Energy Plant

9

MILESTONES

Saica Group milestones

Flexible Packaging

Starting decarbonizing our plants: first Biomass Plant in Venizel

Low density polyethylene (LDPE) Recycling plant

2015

Saica enters the Polish market

2022

2019 2018 Integration of Emin Leydier

Saica Paper’s Infinite range of 100% recycled white paper

2020

2023

Launch of the Project Saica Pack Hamilton in USA

Saica Group celebrates its 80th anniversary

CORPORATE PRESENTATION 2023

4 ORGANIZATIO N CHART GENERAL MANAGEMENT

10

11

GENERAL MANAGEMENT - ORGANIZATION CHART

EB Executive Board

GSC Group Steering Committee

President

Legal Counsel Direction

Ramón Alejandro

Cristina Cardona

Managing Director Group

Strategy & Corporate Development Director

Enrique de Yraolagoitia

Susana Alejandro

GROUP MANAGEMENT Research, Development & Innovation Director (R+D&i) Miguel Ángel Jiménez Sustainable Development & People´s Director Pilar Franca

General Manager Natur Business Area

General Manager Paper Business Area

General Manager Packaging Business

Guillermo Vallés

Federico Asensio

Pascal Giraud

NSC

PSC

Natur Steering Committee

Paper Steering Committee

General Manager Saica Pack Business Area

General Manager Saica Flex Business Area

Julián Montal

Miguel Ángel Dora

PKSC Pack

FSC Flex

Steering Committee

Steering Committee

Finance, IS&IT & Procurement Director Carlos Mancholas Industrial Projects Director Francisco Carilla

12 CORPORATE PRESENTATION 2023

5

GEOGRAPHI C

13

GEOGRAPHIC FOOTPRINT

SAICA NATUR

39 sites

14

GEOGRAPHIC FOOTPRINT

SAICA NATUR

39 sites

15

GEOGRAPHIC FOOTPRINT

SAICA NATUR

39 sites

16

GEOGRAPHIC FOOTPRINT

SAICA NATUR

39 sites

17

GEOGRAPHIC FOOTPRINT

SAICA PAPER

6 sites

18

GEOGRAPHIC FOOTPRINT

SAICA PAPER

6 sites

19

GEOGRAPHIC FOOTPRINT

SAICA PAPER

6 sites

20

GEOGRAPHIC FOOTPRINT

SAICA PAPER

6 sites

21

GEOGRAPHIC FOOTPRINT

SAICA PACK

51 sites

22

GEOGRAPHIC FOOTPRINT

SAICA PACK

51 sites

23

GEOGRAPHIC FOOTPRINT

SAICA PACK

51 sites

24

GEOGRAPHIC FOOTPRINT

SAICA PACK

51 sites

25

GEOGRAPHIC FOOTPRINT

SAICA FLEX

10 sites

26

GEOGRAPHIC FOOTPRINT

SAICA FLEX

10 sites

27

GEOGRAPHIC FOOTPRINT

SAICA FLEX

10 sites

28

GEOGRAPHIC FOOTPRINT

SAICA FLEX

10 sites

29

GEOGRAPHIC FOOTPRINT

Saica Group

SAICA NATUR

39

sites

SAICA PAPER

6

sites

SAICA PACK

51

sites

SAICA FLEX

10

sites

We are present in

11 countries

& continue to grow

30

GEOGRAPHIC FOOTPRINT

Saica Group

SAICA NATUR

39

sites

SAICA PAPER

6

sites

SAICA PACK

51

sites

SAICA FLEX

10

sites

We are present in

11 countries

& continue to grow

31

GEOGRAPHIC FOOTPRINT

Saica Group

SAICA NATUR

39

sites

SAICA PAPER

6

sites

SAICA PACK

51

sites

SAICA FLEX

10

sites

We are present in

11 countries

& continue to grow

32

GEOGRAPHIC FOOTPRINT

Saica Group

SAICA NATUR

39

sites

SAICA PAPER

6

sites

SAICA PACK

51

sites

SAICA FLEX

10

sites

We are present in

11 countries

& continue to grow

33

GEOGRAPHIC FOOTPRINT

Saica Group

We are present in

11 countries

& continue to grow

106 sites

34

GEOGRAPHIC FOOTPRINT

Saica Group

We are present in

11 countries

& continue to grow

106 sites

35

GEOGRAPHIC FOOTPRINT

Saica Group

We are present in

11 countries

& continue to grow

106 sites

36 CORPORATE PRESENTATION 2023

6

INTEGRATIO N

37

INTEGRATION CYCLE

SAICA PAPER

The circular economy, our DNA.

42% Paper for recycling

Recycled Paper

52%

SAICA PACK

Its integration cycle, the key to our success.

SAICA NATUR

Sustainable corrugated paper for consumption

The cycle allows the recollection of 3.6 millions tonnes of waste

CORPORATE PRESENTATION 2023

7 SAICA

KEY FACTS & FIGURES 38

39

SAICA KEY FACTS & FIGURES

PRESENCE HEADCOUNT

CONSOLIDATED SALES

10,232

4,394 M€

31/12/2022 Data

11

COUNTRIES

40

SAICA KEY FACTS & FIGURES

SAICA NATUR

SAICA PAPER

SAICA PACK

SAICA FLEX

Headcount 1,431

Headcount 1,444

Headcount 6,345

Headcount 1,012

Aggregate Turnover 570 M€

Aggregate Turnover 2,344 M€

Aggregate Turnover 2,240 M€

Aggregate Turnover 273 M€

Sales 2,614,228 T

Sales 3,118,677 T 1,493 GWh

Sales 3,029 M square

Sales 945 M square

Presence

Presence

Presence

Presence

• • • • • • • •

• • • • •

• • • • •

Spain France Portugal United Kingdom Poland

• Spain • France • United Kingdom

meters

Spain France Portugal United Kingdom Ireland Italy Turkey USA

meters

Spain Italy Luxembourg United Kingdom The Netherlands

41

SAICA KEY FACTS & FIGURES

Aggregate Turnover 6,000

SAICA NATUR

5,000

4,000

Average annual GROWTH of 10% SAICA PAPER

3,000

SAICA PACK

2,000

1,000

SAICA FLEX 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

SAICA KEY FACTS & FIGURES

CAPEX Average of 3 % CAPEX / aggregate turnover

160,000

140,000

151,899 135,812 121,920

120,000

108,157 100,000

KEur

42

85,684

81,901

80,000

70,254

70,093 60,000

55,845

52,919

58,271

88,386

65,069

57,979 47,070

46,400 40,000

20,000

0 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

CORPORATE PRESENTATION 2023

43

8 STRATEGIC & CURRENT PROJECTS

44

STRATEGIC & CURRENT PROJECTS

More than

2,816 M€

Invested in strategic and current projects 2007

2022

Annual investment of 176 M€

45

STRATEGIC & &CURRENT CURRENTPROJECTS PROJECTS

Good Health and Well-being HEALTH, SAFETY AND WELLBEING OF ALL OUR EMPLOYEES IS THE TOP PRIORITY AT SAICA GROUP Our objective is to care for our people, our activities, and the value they bring through continuously challenging and developing our ability to protect and improve their wellbeing.

We have developed a global approach “Saica´s Health, Safety and Wellbeing Framework” for an increasingly global Company, that is being implementing across all Saica sites in all countries.

Invested

171M€

46

STRATEGIC & CURRENT PROJECTS

Clean Water and Sanitation At Saica Group, we work to implement improvements in all our water treatment facilities contributing to pollution prevention and control, while maximising water reuse in the different stages of the production process. We are committed to: •

Reduce our hydraulic footprint ensuring sustainable use of the resource.

•

Carry out a continuous evaluation of the facilities to avoid floods or droughts.

•

Total water withdrawal year 2021: 26,645,134 m3.

•

Water withdrawal by source in 2021: 66 % surface water, 32 % groundwater renewable and 2 % municipal supply.

Invested

35M€

47

STRATEGIC & CURRENT PROJECTS

Responsible Consumption and Production We are committed to achieving Zero Waste to Landfill, boosting the circular economy.

NATUR CYCLE Natur Cycle´s project aim at producing High quality recycled LDPE to replace virgin LDPE in non-food contact applications. Natur Cycle allow: •

Low carbon footprint: 637 kg CO2-eq per ton of recycled low density polyethylene pellets. This represents a 73% lower carbon footprint in comparison with virgin fibre.

•

A process with low generation of waste and little water consumption.

•

Increase the % of secondary and tertiary packaging with recycled materials.

•

Plastic waste treatment capacity of 33,000 tn annually to produce 100% recycled low-density polyethylene

Invested

26M€

48

STRATEGIC & CURRENT PROJECTS

Responsible Consumption and Production BURGO 2020 Within the circular economy principles, we offer high quality differentiating and innovative papers 100% recycled.

Thanks to a new technology we create: •

INFINITE new range of paper, white papers 100% recycled intended to high quality image packaging appliances and brand promotion.

•

Nature Kraft, a paper 100% recycled with a 100% virgin fiber appearance

•

Saica Paper is about to introduce the first recycled white paper in the market below 100 g/m² - a paper which does not exist today.

Invested

146M€

49

STRATEGIC & CURRENT PROJECTS

Responsible Consumption and Production We contribute to the mitigation of climate change by adopting a series of commitments towards the reduction of our emissions, including energy efficiency and the use of cleaner energy sources.

WASTE-TO-ENERGY PLANT The Waste-to-Energy plant in El Burgo de Ebro (Spain) has allowed the use of waste as an energy source for our industrial process, this means: •

Power: 207,976 MWh, equivalent to the energy consumption of 37,735 households

•

Valorization of 436,877 tonnes of waste with a biomass content of 61%

•

Avoid sending waste to landfill

Invested

143M€

50

STRATEGIC & CURRENT PROJECTS

Responsible Consumption and Production Within the circular economy principles, we believe that sustainability and long-term growth are the best guarantees to continue creating profitable and long lasting value to our customers and all our stakeholders.

Acquisitions throughout the years, have been done to bring Saica´s knowledge on light-weight papers and sustainable packaging into the market.

•

Saica was one of the European leaders in the introduction of light-weight papers

•

Acquiring corrugated board plants gave us the necessary integration to build state-of-the-art paper mills.

•

By pioneering light-weight papers, we boosted their introduction in the European market

Invested

914M€

51

STRATEGIC & CURRENT PROJECTS

Responsible Consumption and Production SPREADING THE CIRCULAR ECONOMY CONCEPT: SAICA ENTERS THE AMERICAN MARKET Once our project of light-weight papers was consolidated in Europe, we wanted to bring Saica´s knowledge on lightweight packaging production into the USA market. In July 2020, Saica Group announced the construction of a new corrugated manufacturing facility in Ohio, USA. This way, we are introducing high-performance packaging in a more sustainable way.

•

A corrugated manufacturing facility of 350,000square-foot

•

Creating 64 new jobs in the state of Ohio

Invested

70M€

52

STRATEGIC & CURRENT PROJECTS

Affordable and Clean Energy CONTRIBUTING TO CLIMATE CHANGE MITIGATION At Saica Group, we aim at reducing our fossil fuel consumption and increase the use of cleaner energies.

BIOMASS BOILERS AT SAICA PAPER FRANCE These projects aim at generating the steam needed for the manufacture of paper at our plants in France from materials that were previously sent to the landfill. These projects allow: •

A reduction of approx. 215,450 t CO2 tn / year of Greenhouse gas emissions

•

A decrease of about 75% of CO2 emissions

•

A reduction of nearly 89% of the consumption of natural gas

•

To avoid sending waste to landfills

Invested

153M€

53

STRATEGIC & CURRENT PROJECTS

Industry, Innovation and Infrastructure Innovation is what drives our business forward, our commitment towards sustainable innovation is led by our goal to offer a customised service to meet our customers’ needs while offering the maximum added value.

STATE-OF-THE-ART WAREHOUSES Meeting our customers´ service needs in the target market through the evolution of the supply models allowing us to Level service (OTIF) improvements and Lead Time bridging.

Projects in Saica Paper

Projects in Saica Pack

At Saica Paper, we have built the first Saica´s automatic state-of-theart warehouse at El Burgo de Ebro.

plants the finished product

At Saica Pack, we give our warehouses infrastructure that they need to be able to satisfy clients demands efficiently.

Invested

99M€

54

STRATEGIC & CURRENT PROJECTS

Industry, Innovation and Infrastructure New RDi Centre with 4.000 m2 for offices, meeting areas and labs, including state-of-the-art testing equipment for the packaging industry as well as the National Development Centre (NDC) for SPack Iberia: an open and collaborative space for co-innovating with our customers.

Innovation is Saica’s response to today’s and tomorrow’s challenges, through these four keys: •

R&D+I At the service of decarbonisation and the zero waste to landfill target

•

Development of knowledge and skills

•

Technological development

•

Product development

Invested

9M€

55

STRATEGIC & CURRENT PROJECTS

Industry, Innovation and Infrastructure Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource–use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes with all countries taking action in accordance with their respective capabilities.

Projects at Saica Group Known as Nirvana and Renove, these projects aim at upgrading our factories enabling them to be more competitive in the market while, at the same time, adapting our machines to changes in the market to be able to offer to our customers the best service.

Invested

760M€

56

STRATEGIC & CURRENT PROJECTS

Decent Work and Economic Growth We Challenge our employees to contribute to a sustainable and profitable business growth within a continuous improvement and innovative culture.

We Value an open dialog with stakeholders enabling positive relations through diverse and committed teams.

We Care about our people, supporting their continuous learning and encouraging their development and employability to be ready for change, growth and diversification.

We invest around 1.10% of the total salary costs in training, we aim at 1.5% of the total salary costs.

We encourage development and promotion: 72 % of our open positions are fulfilled internally.

We have developed “Saica Graduate Expert”, to develop functional capability as well as soft competencies.

57

STRATEGIC & CURRENT PROJECTS

1,299 M€ We are committed to achieving Zero Waste to Landfill, minimising the loss of materials

153 M€ We provide each of our employees with a fair and dignified employment •

We aim at investing 1.5% of the total Staff salaries in training

• Burgo 2020

•

Graduate Expert programme

• Waste-to-Energy Plant

•

72 % of our open positions are fulfilled internally

• Natur Cycle

• Sustainable Packaging in the USA

Reduction of the consumption of natural resources while reducing our emissions and increasing the use of cleaner energy sources.

• Biomass Boiler in Venizel • Biomass Boiler Champblain • Biomass Boiler Nogent

• Sustainable Solutions in the UK • Acquisition and Entering New Markets

868 M€

171 M€

35 M€

Innovation is what drives our business forward and allow us to offer an added value to all our stakeholders

The health, safety and wellbeing of all our employees is the top priority at Saica Group.

• State-of-the-Art Warehouses

•

Improve all our water treatment facilities while maximising our water reuse in the different stages of the production process

• Plan Renove,, Nirvana and Space • Venizel Vert

Saica Health, Safety and Wellbeing Framework

•

Water Treatment Facilities

2,526 M€

58 CORPORATE PRESENTATION 2023

9

SAICA NATUR

59

SAICA NATUR

We Care, We Value, We Challenge

We provide environmental services focused on reducing and maximizing the value of waste flows at the most efficient cost in order to reach the zero waste target, prioritizing introduction of recycled products as raw materials in the production process.

60

SAICA NATUR

What does Saica Natur offer?

SAICA MATERIAL

SAICA EFFICIENCY

Maximizing the value of your waste

Improving your cost efficiency

We offer the maximum value and traceability for our customers waste utilising our network of facilities, market knowledge and technology.

We enable cost efficiency and increase our customer’s profitability by removing inefficiencies from their end to end process of waste management.

61

SAICA NATUR

What does Saica Natur offer?

SAICA ZERO

SAICA CIRCULAR

Taking care of the environment

Reintroducing waste as a raw material

We challenge how and why waste is produced with the aim to minimise environmental impacts from our customer’s production.

We help our customers to minimize the use of natural resources by creating closed-loop systems.

Using waste materials as inputs for other processes through partnerships or utilisation of our integrated group model.

SAICA NATUR

62

FROM MAKE TAKE DISPOS E

TO The Circular Economy is the best model to live by respecting the limits of our planet Sorting plants RDF plants LDPE plants

REDUCE RE-USE RECYCLE

63

SAICA NATUR

Natur Zero to landfill certificates Natur has developed, within its product Saica Zero, two certificates to recognise the efforts of its customers in favour of a circular economy.

The implementation of these standards represents the highest commitment to recovery that is currently available on the market. We seek a second life for waste, using it as a raw material or recovering it as energy: The recognition of these certificates is verified by a third party, TUV Süd, which is in charge of validating that the companies comply with all the requirements and reach the minimum content of neutral recovery of their waste.

From waste to resources: Commitment to recovery ≥95% recycling operations destination It distinguishes companies concerned with continuous improvement in the management of their waste by ensuring that it is ensuring that they are turned back into resources.

From Waste to Resource: Zero to Landfill ≥95% destination recycling operations including process rejects It distinguishes companies that propose demanding management models to avoid landfill of their waste.

64 CORPORATE PRESENTATION 2023

10

SAICA PAPER

65

SAICA PAPER

Quality / Reliability Manufactured with the most cutting-edge technology on the market, Saica Paper's corrugated cardboard papers are 100% recycled and recyclable and are available in a wide range of grammages to meet all technical and packaging presentation needs.

Our production capacity is a guarantee of regularity and reliability in the supply of paper for corrugated cardboard. We produce more than 3.3 million tons of paper each year, making us the third largest supplier in Europe. With our 10 paper machines and an off-line coating machine located in 6 production centres, we cover a wide range of packaging possibilities.

66

SAICA PAPER

Efficiency / sustainability At Saica Paper, we seek the greatest efficiency in all our processes while seeking to minimize our impact on the environment. We achieve this through state-of-the-art technology, greater digitization of processes, as well as a continuous improvement approach that pursues operational excellence.

We also invest in all kinds of improvements related to our supply chain, such as the start-up of new automated warehouses, new supply models such as VMI, implementation of logistics improvements, KPI monitoring, etc.

67

SAICA PAPER

A wide portfolio of papers for the best packaging BROWN PAPERS

WHITE PAPERS

Brown liners and flutings

Traditional and coated whites

Traditional, high-performance, lightweight, dual-use...

Discover the Infinite range, the alternative range of papers to traditional white papers, with improved appearance.

Discover NatureKraft, a 100% recycled brown paper with the appearance of virgin fiber and high physical-mechanical performance.

68

SAICA PAPER

Beyond the paper, the service Our knowledge and long experience in the world of packaging allow us to offer much more than paper.

Technical expertise If what you need is technical support to improve your production and your compositions, technical training or benchmarking of papers and samples, you can count on our best specialists.

IT Systems Discover our system integration service and our Saica Paper B2B order tracking platform.

Smart supply We offer the supply model that best suits your needs (VMI, Make to Stock, Make to Order)

69 CORPORATE PRESENTATION 2023

11

SAICA PACK

70

SAICA PACK

Leader in initiatives

Saica Pack leads initiatives in the main markets.

We care about our customers’ products therefore our teams develop end-to-end solutions to add value to their packaging.

71

SAICA PACK

Outstanding initiatives in our main markets

2. SPIRITS

3. INDUSTRY

4. DISTRIBUTION

Meticulous graphic designs and high-quality printing as well as the internal product protection.

Adaptation to the needs for protection as well as the form of the products.

Recycled, recyclable and biodegradable products.

5. E-COMMERCE

6. FRESH PACK

7. OTHER

Packaging adapted to the requirements of the logistic chain for the transport of packages.

Trays designed to withstand extreme climate and transport conditions.

Specific products for all business sectors.

1. FAST MOVING Attractive packaging for food, beverages, perfumes and detergents that increase the presence of the product on the shelves in compliance with Retail Ready Packaging requirements. Easy to transport and store in all phases of the logistics chain.

72

SAICA PACK

Personalised and added valued End-to-End solutions

INBOUND LOGISTICS Just in time/ Vendor Management Inventory E-Invoicing Contingency plans

OPERATIONS Value chain consultancy Range harmonisation Food Safety Management

OUTBOUND LOGISTICS

RETAILER LOGISTICS

Contingency plans Pallet optimisation

Contingency plans Active inks

Transport Tests

POS consultancy

Finite Element Analysis

73

SAICA PACK

Personalised and added valued End-to-End solutions

MARKETING & SALES

END USER

RECOVERY

SOCIAL VALUE

Saica Creative / Saica Print

Privacy guarantee

Environmental Consultancy

Fair trade Audits

Consumer research

Waste management

SMETA 4-pillar Sedex

Saica Display 3D Images / Augmentation

Environmental Audits

74

SAICA PACK

B2B App

B2B Saica Pack It is an exclusive platform for SAICA customers, not only bringing a new and modern application, but also providing an efficient, fast and easy to use tool to facilitate customers' daily tasks, such as order creation, stock tracking, technical project creation, etc.

Mobile version

Web version

75 CORPORATE PRESENTATION 2023

12

SAICA FLEX

76

SAICA FLEX

BRINGING VALUE, DRIVING CHANGE

Sustainable flexible packaging and labelling solutions for all needs in a dynamic environment that delivers maximum value for our customers' products.

77

SAICA FLEX

Flexible packaging

CONFECTIONERY & SNACKS

COFFEE

DAIRY

FRESH PRODUCE

MEAT & FISH

READY MEALS

HOME & PERSONAL CARE

BEVERAGES

78

SAICA FLEX

Labels

SELF-ADHESIVE

IML

WRAP-AROUND

GROUPING BANDS

TAG LABELS

ROSO LABELS

STRETCH SLEEVES

PEEL & RESEAL

BOOKLET LABELS

RF INSERTS

79

SAICA FLEX

Saica Flex Added Value

BRC Certificate & SEDEX

Wide range of production technologies

Central R&D strategy and team with local projects development Digitisation and support tools

80

SAICA FLEX

Flex Sustainability targets OUR COMMITMENTS

SAICA FLEX

EU

BRAND OWNERS

Designed for recycling

We are committed to having designed for recycling solutions for 100% of our flexible packaging by 2025

100% by 2030

100% by 2025

PCR content

We are committed to introduce 5% of post-consumer recycled materials by weight in our products by 2025

30% by 2030

5% by 2025

Plastic reduction

We are committed to reduce the plastic weight across our structures by an average of 20% by 2025

None

None

Paper structures

We are committed to having a 15% of our packaging by weight made with paper structures by 2025

None

None