Green Oleo S.p.a. · MIL:GRN
Green Oleo — Next Gems Conference (October 2026)
27 slides from Green Oleo's conference presentation, Oct 20, 2026
Slide 1: Next Gems Conference - Green Oleo
Next GemsGREEN Conference OLEO # 1 October 20, 2026 A circular bio-based company upcycling natural by-products into high-value molecules for industrial applications
Slide 2: Disclaimer
GREEN OLEO # 2 DISCLAIMER THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS DOCUMENT ARE MADE IN GOOD FAITH, BASED ON A SERIES OF ASSUMPTIONS REGARDING FUTURE EVENTS AND INFORMATION AVAILABLE TO THE DIRECTORS AT THE TIME OF APPROVAL OF THIS DOCUMENT. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON INFOR
Slide 3: Executive Team
GREEN OLEO # 3 EXECUTIVE BEATRICE BUZZELLA Chairman & CEO FRANCESCO BUZZELLA CEO RAFFAELLA BIANCHESSI CFO TEAM ALESSANDRO SIMONE GIOVANNI VIANO ARMANI PATRITTI General Manager R&D Manager Plant Manager
Slide 4: Milestones
Milestones 1923 GREEN OLEO # 4 Stabilimenti Chimici Mazzini Founded in 1923 with industrial 1955 activities linked to the local agricultural environment, Green Oleo has today a rich corporate heritage. Acquired in 2012 by the Buzzella family. Over 40 €M invested since 1997 2012 in production, effici
Slide 5: Green Oleo: a different kind of chemical company
Green Oleo: a different kind of chemical company GREEN OLEO # 5 FAMILIES OF Green Oleo is a circular bio-based company upcycling natural RAW MATERIALS AND BY PRODUCTS OLEOCHEMICAL PRODUCTS by-products into high-value molecules for industrial applications. VEGETABLE BASED Rather than relying on fossi
Slide 6: Green Oleo: turning market disruptions into opportunities
Green Oleo: turning market disruptions into opportunities GREEN OLEO # 6 Green Oleo’s flexibility allows the Company to respond to supply chain disruptions, spot orders, different market conditions and raw material volatility. MARKET CHALLENGE GREEN OLEO RESPONSE RESULT Supply chain disruptions Shor
Slide 7: Sourcing: flexibility starts with our raw materials
SOURCING: flexibility starts with our raw materials GREEN OLEO # 7 Green Oleo is a circular bio-based company upcycling natural by-products into high-value molecules for industrial applications. CIRCULAR FEEDSTOCKS EUROPEAN SOURCING 71% of raw materials are derived from upcycling. 91% of raw materia
Slide 8: Operations: flexibility built into our production model
OPERATIONS: flexibility built into our production model GREEN OLEO # 8 Production plants Oleochemistry Esters NEW WAREHOUSE Green Oleo’s production model combines different technologies and operating modes, allowing the company to OF FINISHED adapt production planning to the specific requirements of
Slide 9: Markets: we do not depend on a single market dynamic
MARKETS: we do not depend on a single market dynamic GREEN OLEO # 9 PRODUCTION GROWTH FOR EU27 MANUFACTURING SECTORS TARGET MARKETS SECTOR Q1 26 Q2 26 APPLICATIONS WITH GREATER ADDED VALUE OTHER APPLICATIONS Automotive +0.8% -3.3% Customization and maximization of product quality Standardization, in
Slide 10: Product Carbon Footprint (PCF) cradle-to-gate
Product Carbon Footprint (PCF) cradle-to-gate GREEN OLEO # 10 GREEN OLEO provides to customers PCF cradle-to-gate of its products. Derivatives Olive oil “Halve greenhouse gas impact of our from Upcycling products across the lifecycle by 2030.” The PCF of olive oil derivatives have a LOWER UNILEVER C
Slide 11: Certifications
Certifications GREEN OLEO # 11 SUPPLY CHAIN AND PRODUCT PROCESS Quality management system Environmental management Only 1% of all companies assessed by EcoVadis system manage to achieve this result. Aspects analysed during the certification process: • sustainable procurement Safety • environment man
Slide 12: Oleochemical market: regulatory drivers and megatrends
Oleochemical market: regulatory drivers and megatrends GREEN OLEO # 12 European Green Deal • Although non-EU states have not equipped themselves with a package of sustainability policies as aims to move the EU towards a green transition, with the intention of achieving important as the Green Deal, s
Slide 13: Oleochemical market: the choices of the big brands
Oleochemical market: the choices of the big brands GREEN OLEO # 13 COSMETICS DETERGENTS INTERMEDIATE FOR INDUSTRY LUSH UNILEVER BASF We are also working to reduce the climate and We want to ensure our brands not only do less harm but also nature impact of our supply webs, while creating do more good
Slide 14: Competitive landscape: listed companies
Competitive landscape: listed companies GREEN OLEO # 14 GREEN OLEO differs from its competitors for a product range based mainly on olive oil derivatives, which are the most requested in the sectors with higher margins and in the Green Deal perspective the most favored ones. RAW MATERIAL PRODUCTS CO
Slide 15: A progressive shift towards higher value-added products
A progressive shift towards higher value-added products GREEN OLEO # 15 Over the years, Green Oleo has progressively adapted its product mix, increasing the contribution of Esters and higher value-added applications. 2020 2021 2022 2023 2024 2025 Volumes (K t) 47 49 39 39 48 45 Esters +70% +44% +57%
Slide 16: Historical financial performance: Income Statement
Historical financial performance: Income Statement GREEN OLEO # 16 €M 2020 2021 2022 2023 2024 2025 Revenues from sales 41.0 62.0 80.8 60.6 71.2 69.7 Changes in inventories 0.8 2,2 2,2 (2.6) 0.0 2.7 Other income 1.7 1.3 3,4 4.6 0.9 0.9 Production Value 43.4 65.4 86.4 62.6 72.1 73.3 Raw material cost
Slide 17: Historical financial performance: Balance Sheet
Historical financial performance: Balance Sheet GREEN OLEO # 17 €M 2020 2021 2022 2023 2024 2025 €M 2020 2021 2022 2023 2024 2025 Intangible fixed assets 0.7 0.7 0.7 1.3 1.2 1.1 Cash (0.6) (1,1) (2.0) (1.9) (2.5) (2.2) Tangible fixed assets 20.3 21.6 24.3 23.6 23.2 22.5 Financial fixed assets 0.0 0.
Slide 18: Revenue growth driven by higher volumes and diversified business performance
Revenue growth driven by higher volumes and diversified business GREEN OLEO # 18 performance Revenues increased by 6.7%, supported by a 4% increase in volumes and 2.3% price growth. €M 1H 2025 1H 2026 In particular, sales in the crop protection (natural pesticides) and detergents sectors increased,
Slide 19: Lower raw material cost incidence and improved EBITDA despite maintenance shutdowns
Lower raw material cost incidence and improved EBITDA despite GREEN OLEO # 19 extraordinary maintenance shutdowns INCIDENCE OF RAW MATERIAL COSTS1 71.1% 69.8% During the year, activities aimed at optimising production sequences and the efficient use of plant equipments were strengthened. In a plant
Slide 20: Balance Sheet
Balance Sheet GREEN OLEO # 20 €M 2025 1H 2026 Net fixed assets, while remaining substantially unchanged at 23.8 €M, Intangible fixed assets 1.1 1.2 include an increase in financial fixed assets related to the acquisition of the Tangible fixed assets 22.5 21.8 business unit of the subsidiary Kialab.
Slide 21: Investments to grow and stay strong
Investments to grow and stay strong GREEN OLEO # 21 2020 2021 2022 2023 2024 2025 1H 2026 TANGIBLE 2.06 3.57 5.21 1.82 2.17 1.94 0.4 INTANGIBLE 0.02 0.08 0.16 0.93 0.19 0.23 0.3 FINANCIAL 0,8 INVESTMENTS 2.09 3.65 5.36 2.74 2.36 2.17 1,5 Equipment complementary to the Energy utilities: a new esterif
Slide 22: R&D: developing high-value ingredients for new applications
R&D: developing high-value ingredients for new applications GREEN OLEO # 22 Green Oleo leverages its oleochemical expertise to develop innovative, bio-based ingredients for high-value applications, with a particular focus on cosmetics. OLIVE-DERIVED EMOLLIENTS Development of palm-free emollients bas
Slide 23: New markets: expanding our technological and commercial reach
NEW MARKETS: expanding our technological and commercial reach GREEN OLEO # 23 Green Oleo is extending the application of its oleochemical expertise into new markets, developing products and solutions that respond to evolving industrial needs. LUBRICATION Development of ester-based lubricant componen
Slide 24: Cosmetics: accelerating downstream integration through KiaLab
COSMETICS: accelerating downstream integration through KiaLab GREEN OLEO # 24 Green Oleo is strengthening its position in the cosmetics market through the integration of specialised technical expertise and the expansion of its product portfolio. TECHNICAL INTEGRATION The acquisition of KiaLab’s cosm
Slide 25: Strategy: mid- to long-term growth pillars
STRATEGY: mid- to long-term growth pillars GREEN OLEO # 25 GREEN OLEO’S STRATEGY COMBINES INDUSTRIAL KNOW-HOW, INNOVATION AND COMMERCIAL DEVELOPMENT TO SUPPORT SUSTAINABLE GROWTH AND LONG-TERM VALUE CREATION. HIGHER VALUE-ADDED PRODUCTS COMMERCIAL & INTERNATIONAL EXPANSION • Develop differentiated,
Slide 26: M&A growth strategy: potential target companies
M&A growth strategy: potential target companies GREEN OLEO # 26 COSMETICS LUBRICATION TARGET A TARGET B TARGET C TARGET D Consolidation of the Expansion of sales channels, Increase/rationalization of brand in natural STRATEGIC RATIONALE Increase in production capacity FOR GREEN OLEO distribution net
Slide 27: IR Team
GREEN OLEO # 27 IR Team Raffaella Bianchessi (CFO & IRM) Maria Antonietta Pireddu [email protected] [email protected] T +39 0372 487256 T +39 02 45473884