GET IN TOUCH arrow_forward Investors We are committed to provide all shareholders and potential investors with relevant financial information in a consistent and transparent manner. home / INVESTORS OVERVIEW THE SHARE REPORTS & PRESENTATIONS CORPORATE GOVERNANCE FINANCING Financial targets LONG-TERM TARGET 2020 REVENUE GROWTH 10% 8% • MIX OF ORGANIC, INCL. GREENFIELD PROJECTS, AND M&A GROWTH • 45% CAGR BETWEEN 2012 AND 2019, LARGELY DRIVEN BY ACQUISITION • SIGNIFICANT CHANGES IN RAW MATERIAL PRICES MAY IMPACT THE ABILITY TO ACHIEVE THE TARGET EBITDA MARGIN (NORMALISED) 10-15% 14.0% • UNDERLYING EBITDA TARGET OF 10-15% • SIGNIFICANT CHANGES IN RAW MATERIAL PRICES MAY IMPACT THE ABILITY TO ACHIEVE THE TARGET NIBD / EBITDA (LTM EXCL. IFRS 16) <2.5X 1.5 • LEVERAGE NIBD / EBITDA BELOW 2.5X, ASSUMING NORMALISED WORKING CAPITAL LEVELS • TARGETING FLEXIBILITY TO PURSUE M&A OPPORTUNITIES AND MAINTENANCE OF THE DIVIDEND CAPACITY CAPEX (EXCL. GREENFIELDS) EUR 13-15M EUR 13.3M • NORMALISED CAPEX LEVELS OF EUR 12.5-15.0 MILLION, WHERE REPLACEMENT CAPEX AND EXPANSION CAPEX TYPICALLY ACCOUNT FOR 2/3 AND 1/3, RESPECTIVELY • IN ADDITION, THE GROUP WILL INVEST IN GREENFIELD PROJECTS DIVIDEND PAYOUT POLICY 30-50% 50% • TARGET DIVIDEND PAYOUT RATIO OF 30-50% OF UNDERLYING NET PROFIT • ANNUAL DISTRIBUTION © BEWI 2021 PRIVACY STATEMENT COOKIE STATEMENT NEWSLETTER PRIVACY POLICY VIDEO SURVEILLANCE STATEMENT MANAGE COOKIES

GET IN TOUCH arrow_forward About Protecting people and goods for a better everyday by offering sustainable packaging, components and insulation solutions in innovative and efficient ways home / ABOUT OVERVIEW BEWI GROUP HISTORY CAREER BOARD & MANAGEMENT © BEWI 2021 PRIVACY STATEMENT COOKIE STATEMENT NEWSLETTER PRIVACY POLICY VIDEO SURVEILLANCE STATEMENT MANAGE COOKIES

GET IN TOUCH arrow_forward BEWI Group home / ABOUT / BEWI GROUP OVERVIEW BEWI GROUP HISTORY CAREER BOARD & MANAGEMENT © BEWI 2021 PRIVACY STATEMENT COOKIE STATEMENT NEWSLETTER PRIVACY POLICY VIDEO SURVEILLANCE STATEMENT MANAGE COOKIES

GET IN TOUCH arrow_forward home / INVESTORS / CORPORATE GOVERNANCE OVERVIEW THE SHARE REPORTS & PRESENTATIONS CORPORATE GOVERNANCE FINANCING Articles of Association of BEWI ASA Last amended on 6 May 2021 Download BEWI’s articles of association SEE ARTICLES OF ASSOCIATION IR Policy BEWI is committed to communicate with the financial market in a precise and consistent manner. The investor relations activities will seek to ensure that market participants receive correct, clear, relevant and up-to-date information in a timely manner, taking into account the requirement for equal treatment of all participants in the securities market. BEWI has adopted a separate manual on disclosure of information, which sets forth the company’s disclosure obligations and procedures. SHOW © BEWI 2021 PRIVACY STATEMENT COOKIE STATEMENT NEWSLETTER PRIVACY POLICY VIDEO SURVEILLANCE STATEMENT MANAGE COOKIES

GET IN TOUCH arrow_forward Investors home / INVESTORS / THE SHARE OVERVIEW THE SHARE REPORTS & PRESENTATIONS CORPORATE GOVERNANCE FINANCING © BEWI 2021 PRIVACY STATEMENT COOKIE STATEMENT NEWSLETTER PRIVACY POLICY VIDEO SURVEILLANCE STATEMENT MANAGE COOKIES