Breaking Down Corticeira Amorim, S.G.P.S., S.A. Financial Health: Key Insights for Investors

Step into the world of Corticeira Amorim, S.G.P.S., S.A., a company born in 1870 that today leads the global cork industry across over 100 countries with approximately 5,000 people driving innovation across wine closures, flooring, insulation and aerospace applications; a group that channels millions of euros annually into R&D to expand cork's horizons while living its mission to "add value to cork...in perfect harmony with nature," pursuing a vision that balances suitable returns for capital with sustainability, social equity and product differentiation, and grounding every strategic move in core values of pride, ambition, initiative, sobriety and attitude that together define its ethical, competitive and long-term stewardship of cork oak ecosystems.

Corticeira Amorim, S.G.P.S., S.A. (COR.LS) - Intro

• Founded: 1870 - heritage spanning more than 150 years
• Global footprint: operations and commercial presence in over 100 countries
• Workforce: approximately 5,000 employees worldwide

• Mission: to unlock the full value of cork through sustainable, competitive industrial activity that preserves cork oak landscapes and creates long-term economic, social and environmental value
• Vision: to be the reference in cork-based solutions globally - combining circularity, high performance and design to broaden cork applications from wine closures to advanced industrial uses
• Core industrial focus: wine closures, flooring & wall coverings, thermal & acoustic insulation, industrial components and advanced aerospace/transportation solutions

• Cork extraction is cyclical and non-destructive - bark is harvested every 9-12 years without felling trees, supporting native cork oak (Quercus suber) ecosystems
• Environmental role: cork oak montados sequester carbon, preserve biodiversity and sustain rural livelihoods in Mediterranean regions
• Circularity: production systems prioritize reuse, upcycling of cork granules and closed-loop manufacturing to reduce waste and fossil-dependent materials

• R&D orientation: product quality enhancement, new technical applications (e.g., aerospace components, engineered composites), and digital manufacturing
• Investment scale: the group allocates millions of euros annually to R&D and piloting new technologies across material science, process engineering and sustainability metrics

• Environmental responsibility: protect cork oak landscapes and enhance carbon sequestration through sustainable harvesting
• Quality & innovation: continuous improvement, certification-driven quality control and investment in advanced materials research
• Social responsibility: support for local communities and rural economies where cork oak systems are maintained
• Transparency & governance: adherence to responsible corporate governance and stakeholder reporting

• Market differentiation: natural, renewable cork provides a defensible value proposition vs. synthetic alternatives
• Growth vectors: expanding engineered cork applications (construction, industrial, aerospace) and premium closures support margin resilience
• Resilience factors: long product lifecycles, biological renewability of raw material, and integration across the supply chain

Corticeira Amorim, S.G.P.S., S.A. (COR.LS) - Overview

Mission Statement: 'Add value to cork, in an ethical, competitive, distinctive and innovative way that is in perfect harmony with nature.'

The mission of Corticeira Amorim, S.G.P.S., S.A. (COR.LS) encapsulates strategic priorities that drive its operations, R&D and market positioning. Each element of the mission can be mapped to measurable practices and outcomes across the group's activities:

• Ethical - governance, supplier standards and certification programs to ensure traceability and responsible harvesting.
• Competitive - focus on market leadership through global distribution, premium cork products and scale advantages.
• Distinctive - product differentiation via design, quality control and brand positioning across wine closures, flooring, insulation and advanced cork composites.
• Innovative - sustained R&D and product development pipelines for new cork applications and circular solutions.
• Harmony with nature - stewardship of cork oak landscapes, biodiversity protection and carbon sequestration embedded in business models.

Operational and financial evidence of how the mission translates into practice is visible in key corporate metrics, production footprint and sustainability outputs. Below are selected 2023-2024 period indicators and contextual statistics commonly referenced in Corticeira Amorim reporting and industry analyses.

How the mission plays out operationally - selected strategic levers and associated metrics:

• Value-add product mix: Higher share of sales from engineered cork products (flooring, insulation, mobility composites) increases average selling prices and margin contribution.
• Innovation pipeline: Dedicated R&D units and pilot-scale projects to convert cork into advanced composites and sustainable materials for construction and automotive segments.
• Supply-chain ethics: Traceability programs, supplier audits and engagement with cork oak stewardship initiatives to ensure responsible harvesting and social value for rural communities.
• Environmental performance: Cork oak montados contribute to carbon sequestration and biodiversity; commercial actions include lifecycle assessments and circularity programs to quantify environmental benefits.
• Market competitiveness: Global distribution network and long-term relationships with wine industry players sustain volume for closures while expanding industrial applications.

Selected performance snapshots that reflect mission-aligned outcomes:

• Revenue mix shifting toward higher-value industrial applications and technical solutions, supporting margins and differentiation.
• Continued investment in automation and process excellence to remain competitive while maintaining product distinctiveness.
• Engagement in landscape-level conservation initiatives that maintain cork oak productivity and ecosystem services essential to supply continuity.

For a focused review of financial health and investor-facing metrics that complement this mission-driven overview, see: Breaking Down Corticeira Amorim, S.G.P.S., S.A. Financial Health: Key Insights for Investors

Corticeira Amorim, S.G.P.S., S.A. - Mission Statement

• Deliver sustainable financial performance that honors capital invested while reinforcing the cork value chain.
• Protect and enhance cork oak landscapes (montado) as key natural capital for biodiversity, carbon sequestration and rural livelihoods.
• Innovate across product and service lines to offer differentiating, high-quality cork solutions for global markets.
• Promote social equity, diversity and integration across all operations, from forest communities to global customers.
• Maintain rigorous environmental safeguards and circular economy principles across production, recycling and end-of-life management.

• Investor value focus: target returns sufficient to sustain growth and fund sustainability initiatives.
• Social inclusion: initiatives to support cork-producing communities, training and workforce diversity targets.
• Environmental safeguards: active forest management, certification, and metrics for biodiversity and carbon storage.
• Product/service differentiation: premium positioning in wine closures, building materials, aerospace/automotive composites and acoustics.

• Sustainability: integrate Life Cycle Assessment (LCA) and circular design; increasing recycled cork streams and reducing energy intensity per tonne produced.
• Innovation: sustained R&D spend and partnerships to grow higher-margin engineered cork products and new applications.
• Social Responsibility: community programs, training and supplier development to support smallholders and retain rural employment.
• Governance & Transparency: adherence to EU and global disclosure standards, regular sustainability reporting and third-party certifications.
• Quality & Differentiation: premium product positioning measured by market share in natural cork closures and growth in industrial cork segments.

• Financial KPIs: revenue growth, EBITDA margin, ROIC-used to ensure 'suitable value for the capital invested.'
• Environmental KPIs: hectares under sustainable management, tonnes CO2 sequestered, energy consumption per tonne, % recycled input.
• Social KPIs: number of beneficiaries in community programs, workforce diversity metrics, safety incidence rates.
• Innovation KPIs: % revenue from new products (3-year rolling), patents filed, R&D ROI.

Corticeira Amorim, S.G.P.S., S.A. (COR.LS) - Vision Statement

• Pursue global leadership in sustainable cork production, leveraging a century-and-a-half of accumulated expertise since the group's founding in 1870.
• Scale innovative cork applications beyond closures into construction, aerospace, automotive, design and composites to increase cork's contribution to decarbonisation.
• Ensure long-term value creation for stakeholders through responsible resource management, investment in R&D, and disciplined capital allocation.

• Pride: We honour a continuous legacy of technical know-how and family-led industrial development, reinforcing craftsmanship across our global footprint.
• Ambition: We actively seek new customers, markets and applications for cork to grow top-line revenue and diversify end-markets.
• Initiative: We respond rapidly and effectively to market and operational challenges, prioritising business continuity and industry development.
• Sobriety: We celebrate achievements internally and maintain a measured, learning-focused posture externally.
• Attitude: We commit to mutual respect and shared responsibility with employees, suppliers, customers and shareholders to sustain the business over generations.

• Pride → Conservation: Active engagement with cork oak landscapes preserves biodiversity and supports rural economies; sustained raw material security underpins production continuity.
• Ambition → Diversification: Increased R&D spend and partnerships convert traditional production capacity into higher-margin engineered cork products for construction, insulation and mobility sectors.
• Initiative → Operational resilience: Rapid response teams, digitalisation of operations and flexible manufacturing enable quick adaptation to supply-chain disruptions and customer needs.
• Sobriety → Reputation management: Discreet external communication combined with transparent sustainability reporting strengthens trust among investors and long-term customers.
• Attitude → Stakeholder stability: Labour relations, supplier development programs and shareholder alignment promote continuity and shared value creation.

• Corticeira Amorim, listed as COR.LS, is recognised by investors for its unique asset base (cork oak supply chains) and ESG credentials.
• Performance metrics, investor presentation decks and the Group's sustainability reports provide further numerical detail and targets for stakeholders interested in the Company's trajectory: Exploring Corticeira Amorim, S.G.P.S., S.A. Investor Profile: Who's Buying and Why?

• Scaling engineered cork and composite products for construction and mobility to capture higher value per kilogram of cork.
• Expanding circular programs that recycle production scrap and post-consumer cork into new products.
• Strengthening supplier and rural community partnerships to guarantee supply resilience and social license to operate.
• Investing in process automation and digital quality control to improve yield, lower costs and shorten lead times.