Tessenderlo : Analyst and Asset Manager Day 2024

TESSENDERLO GROUP

Analyst and Asset Manager Day

Ham, April 29, 2024

About Tessenderlo Group

With a history that dates back to 1919, the group has evolved over recent years from a chemical company into a diversified industrial group that focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water.

www.tessenderlo.com

+100

7,500

2.9

locations in	employees	billion EUR
more than		revenue in
25 countries		2023

Sustainability at the core of our strategy

Our strategy

• Strive to achieve top tier sustained performance
• Continually strengthen our cost position in all areas and activities
• Ensure there is an adequate and reliable asset basis for our activities
• Further reinforce customer, market and service orientation
• Improve the growth possibilities in every domain
• Make sustainability and innovation the differentiating factors over the medium term
• Get the right talent and create the best teams in-house to successfully execute our strategy

Every Molecule Counts

In everything we do, we seek to further valorize the resources at our disposal. This counts just as much for the end products we make.

• Our planet is the most important stakeholder of our company
• Maximizing the re-use of every molecule
• Waste only exists when there is a lack of innovation and creativity
• Our safety and environmental standards are the same all over the world, because every human being is equally valuable
• Only a sustainable company can truly contribute to sustainability
• Our job is to ensure that, when using our systems, every molecule is transported to its intended destination

Our operating segments and business units

Agro

Bio-valorization

Industrial Solutions

Machines &

T-Power

Technologies

Agro

Agro

The Agro segment combines our activities in the production, trading and marketing of crop nutrition (liquid crop fertilizers and potassium sulfate fertilizers based on sulfur) as well as crop protection products.

The Agro segment includes the Crop Vitality , Tessenderlo Kerley International, NovaSource® and Violleau business units.

18950793.9

production	employees	million EUR
plants		revenue in
		2023

Crop Vitality

• Value-addedspecialty liquid plant nutrition to support growers in the USA and Canada in efficient and sustainable agriculture
• Top producing growers, crop consultants and retailers rely on our liquid fertilizers to grow high- performing plants that yield the highest quality fruits, vegetables, nuts and grains
• Our principal products are ammonium thiosulfate, which is branded as Thio-Sul® and potassium thiosulfate, which is branded as KTS®

Tessenderlo Kerley International

• Value-addedliquid, soluble and solid plant nutrition worldwide (outside the USA and Canada) to support growers in realizing efficient and sustainable agriculture
• Our dedication to give farmers the precise tools needed to stimulate the vitality of their crops is at the very heart of what we do - both today and in the future
• Our portfolio consists of well-recognized specialty fertilizers such as SoluPotasse®, K-Leaf®,Thio-Sul®, KTS®, CaTs®, etc.

Liquid fertilizers

Value chain: well-positioned along the value chain

Refinery services	Production of fertilizers	Distribution
Raw materials sourcing
Backward integration in refineries through sulfur	Portfolio consists of broad range of sulfur-	Extensive logistics network composed out
removal services results in low-cost sulfur (S)	based liquid fertilizers	of storage facilities, trucks and railcars.
supply		Allows nation wide distribution

End-use

Products enhance plant nutrition, improve crop quality and maximize nutrient effectiveness. Liquid form of product facilitates application through irrigation and blending

Market position: US leading position in key product lines

Thio-Sul® and KTS® are applied to broad acre crops (e.g. corn, wheat, cotton) and specialty crops (e.g. grapes, almonds, tomatoes).

Thio-Sul® is a liquid ammonium thiosulfate solution that helps increase potential by satisfying a crop's essential need for nitrogen and sulfur. It is generally blended with UAN, a concentrated solution of urea and ammonium nitrate commonly used as nitrogen fertilizer. Adding Thio-Sul® to a UAN solution is an economical, effective and convenient way to stabilize and maximize nitrogen efficiency, by slowing the rate of nitrification, and providing sulfur to plants.

KTS® is a clear, chloride-free solution with the highest potassium and sulfur content available on the market.