1 March 2021

4Q Webcast

Disclaimer

THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco’s management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertainties that are difficult to predict and that could cause actual performance and position to differ materially from these statements. Envipcodisclaims any obligation to update or revise any statements made in this presentation to reflect subsequent events or circumstances, except as required by law. Certain figures in this presentation, including financial data, have been rounded. Accordingly, figures shown for the same category presented in different tables may vary slightly and figures shown as totals in certain tables may not be an exact arithmetic aggregation of the figures which precede them. In addition to regular Risk and Uncertainties as detailed in previous published guidance, Covid-19 impact has been reflected in reduced RVM sales in both Europe and the US. The US also experienced temporary suspension of enforcement of retailer redemption services earlier in 2020 which reduced operational volume.

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Presenting team

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Robert LincolnPresident, COO

Simon BoltonCEO

Derk VisserGroup CFO

Highlights

Q4 - 2020

• Continuing improvement in North America with reduced Covid 19 impact on container throughput volumes and recovery in RVM sales

• Strong performance in Europe/Sweden with 30% revenue growth

• Gross profit improvement to 40%

• EBITDA improved to €1.45m from adjusted EBITDA of €0.10m in 2019

Full Year - 2020

• Revenues decreased 15% to €30.82m with improving trend towards the end of the year

• Improved operating profit/(loss) for FY 2020 of €(1.40m) despite a 15% reduction in revenues

• EBITDA improved 31% to €3.41m from an adjusted EBITDA of €2.61m in 2019

Other – subsequent to year end

• Successful €8.1m equity raise and secondary listing on Euronext Growth Oslo

• Settlement of German patent litigation, including €1.85m payment to Envipco

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Revenue shows recovery from Q2

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0.8 1.0 0.8 1.0 1.2 1.4 1.3

7.38.3 9.4

7.7

7.74.6

7.76.8

Q4Q1 Q2

Europe

Q3Q1

0.1

Q2

8.7

Q4

7.8

Q3

North America

8.2

9.3

10.1

5.8

9.1

8.0

• Q1 2020 solid North American revenue with Europe reduced installations

• Q2 shows significant North American impact of Covid shutdowns

• H2 shows growth in Europe and recovery in North America

3.6 4.1

32.726.8

20202019

36.3

30.8

Total Company Revenue€m, Qtr & FY 2019-2020

Full Year2019 2020

Financial performance improvement

Note* - Adjustment €1.0m severance 6

0

2

4

6

2019

2020

-2

-1

0

1

2

2019

2020

-2

0

2

4

2019

Q1 Q3

2020

Q2 Q4

Gross Profit€m, Qtr & FY 2019-2020

Adjusted Operating Profit*€m, Qtr & FY 2019-2020

• H2 shows effect of recovering revenue along with improved margins and cost management

13.611.7

-1.6-1.4

Adjusted EBITDA*€m, Qtr & FY 2019-2020 2.6

3.4

20202019

Full Year

USA slowed with Covid - core RVM segments recovering

• RVM throughput volumes recovering from Q2 2020 and expect to continue into 2021

• RVM sales impacted by delayed store refurbishment, solid pipeline & recovery in 2021

• EBITDA declined 17% to €5.64m from an adjusted 2019 EBITDA of €6.83m … adding back PPP loan forgiveness 2020 EBITDA €7.14m

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Q4Q1 Q2 Q3 Q1 Q2Q4 Q3

RVM Sales

RVM Throughput

SortAfter

7.3

9.4

8.27.7 7.7

4.6

7.76.8

2019 2020

North America Revenue€m, Qtr 2019-2020

32.7

2019 2020

26.8

Full Year

European growth starting to come through

• Sweden continues to develop solid Quantum installation base, including growing services … Q1 2020 installations recovered

• Expanding country focus and higher overall activity expected to deliver 2021 revenue growth

• FY 2020 EBITDA improved to €(0.50m) vs. €(1.56m) 2019, excluding market development expenses

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0.1

0.8

Q1 Q2 Q1Q3 Q4 Q2 Q3 Q4

Machine Sales

Service

0.8

1.0 1.0

1.31.2

1.4

2019 2020

European Revenue€m, Qtr 2019-2020

Full Year

4.1

2019 2020

3.6

Convenience stores

Gas stations

Schools

Supermarkets

Hypermarkets

Supermarkets

Hypermarkets

Redemptioncenters

Largesupermarkets

Hypermarkets

Recyclingcenters

Offering a broad and advanced technology platform to serve client needs

Product Key features Target market

40 containers/min

Small Footprint (60cm wide)

Glass side sort option

42 containers/min

Market leading compaction

In-store / standard size for retail

42 containers/min

Market leading compaction

Shape system

Camera recognition

100 containers/min

Maximum convenience

Deposit / Non-deposit

In-store / Outdoor

FLEXSmallest, low-cost

RVM

ULTRA

Single commodity feed RVM

OPTIMA

All-in-one commodity feed RVM

QUANTUM

Breakthrough bulk feed RVM

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Positive signs from most markets

Manufacturing facilityGlobal head quarters

LEGEND

Sales officeExisting & developing markets

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Positioned well in Scotland … Engaged

England & Rep. Ireland

North America recovery

Good momentum in Sweden with

Quantum

Australian orders

restarting

Romanian DRS activity with

local footprint

Engaged in Portugal

Overall European market activity

increasing … supports accelerated expansion

1984 - 2006First wave

2021 - 2025Second wave

2007 - 2020Increasing awareness,

legislated initiative

Lithuania (2016)

Building a business with 30%+ market share ambition

Sources: Reloop, European Packaging EPR Webinar (2019); Eunomia, PET Market In Europe (2020)Envipco Management

Greece (2023/24)

Norway (1999)

Germany (2003)

Denmark (2002)

Netherlands (2005)

Iceland (1989)

Sweden (1984)

Estonia (2005)

Croatia (2006)

Finland (1996)

Scotland (2021)

Portugal (2022)

Malta (2021)

Belarus (2022)

Romania (2022)

Turkey (2023)

Latvia (2022)

Slovakia (2022)

Under Consultation

Ireland (2022)

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Proven competitor with clear differentiated positioning

Market demand for

strong #2

Market entry focused

on partnership

Excellence in service

delivery

Strong

technology portfolio

New markets are open with no incumbency

Retailers demand competitive tender and choice

Early entry and interaction with stakeholders

Envipco runs DRS – deep understanding

Proven ability to win on service delivery and customer satisfaction

Size allowing direct customer interaction and quick response

Technology is important, but not everything

Products proven in the field –excellent reliability and life

Large second wave of DRS implementation coming … demand ~200,000 units

Outlook positive and positioned for future growth

• North America recovery

• European expansion underway

• Strengthened balance sheet & financial resources

• Clear strategy, well positioned for future success

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Thanks for your attention … Q&A

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