Lassila & Tikanoja (LASTIK) Company presentation summary

Summary of the demerger

• The board approved a demerger plan to separate circular economy operations into a new listed company, with real estate services remaining in the current entity, which will be renamed Luotea Oyj.

• Shareholders will receive one share in the new company for each share held, with no action required.

• The demerger is subject to approval at an extraordinary general meeting on December 4, 2025, with implementation planned for December 31, 2025.

• Trading in the new company's shares on Nasdaq Helsinki is expected to begin on January 2, 2026.

Strategic rationale and benefits

• The separation is expected to enhance business performance through increased agility and management focus, creating additional value for shareholders.

• Both entities can independently pursue sustainable and profitable growth opportunities.

• The new company is positioned for faster organic and inorganic growth due to a more efficient capital allocation strategy.

Market position and business model

• The new entity is a leading Nordic circular economy company, with €424 million in 2024 revenue and 84% recurring revenue.

• Holds the #1 market position in waste management and recycling in Finland, with a comprehensive nationwide infrastructure.

• Manages about one million tons of waste annually, operates 53 processing facilities, and serves 22,000 business customers across diverse sectors.

• The business model covers the entire value chain from collection to recycling and final disposal, enabling long-term customer relationships.