Pyrum Innovations : Konzernzwischenbericht für den Zeitraum vom 1. Januar bis 30. September 2024 (Englische Version)

Published: 2024-11-22 02:27:05 ET PYR.DE

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

Consolidated interim report for the period from

1 January to 30 September 2024

Pyrum Group KPIs at a glance

Results of operations and financial position

in EUR thousand

1 Jan. 2024-

1 Jan. 2023-

30 Sep. 2024

30 Sep. 2023

Revenues

1,086

842

Total output

7,653

10,722

Other operating income1

881

456

EBITDA2

-5,445

-4,975

EBITDA (adjusted)3

-5,904

-5,126

EBIT4

-7,132

-6,576

EBIT (adjusted)5

-7,591

-6,727

Net result

-7,982

-6,853

Net Assets

in EUR thousand

30 Sep. 2024

31 Dec. 2023

Total assets

57,866

50,926

Equity

14,398

22,380

Equity ratio6

24.9%

43.9%

Available liquidity

6,075

4,275

Employees7

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

TABLE OF CONTENTS

Company

Pyrum share

Operating activities

Value chain

Shareholder structure of Pyrum Innovation AG

Group structure

Development of economic conditions

Results of operations, Net assets and Financial position

Results of operations

Net assets

Financial position

Report on own and customer projects

Supplementary report and outlook

Interim consolidated financial statements for the first nine months of 2024

....................................................................................................................

Consolidated interim balance sheet as of 30 September 2024

Consolidated interim income statement for the first nine months 2024

Consolidated cash flow statement for the first nine months 2024

Consolidated statement of changes in equity for the first nine months 2024

Consolidated Gross Statement of Changes in Non-current Assets for the first nine months 2024. 31

Financial calendar

Legal notice

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

Preliminary remark

In this report, we provide information on the business performance of the Pyrum Innovations AG Group for the period from 1 January 2024 to 30 September 2024 and the outlook for future development.

The information and disclosures in this report have not been audited or reviewed by an auditor.

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

Content

Company

Pyrum share

Operating activities

Value chain

Shareholder structure of Pyrum Innovation AG

Group structure

Development of economic conditions

COMPANY

Pyrum share

Performance of Pyrum shares in the first 9 months of the 2024 financial year

The Pyrum share opened on 2 January 2024 at a price of EUR 32.20. The share reached its highest price in the first nine months on 12 February 2024 at EUR 49.60 and its low of EUR 22.50 on 9 September 2024. The closing price on 30 September 2024 was EUR 24.50.

Basic info

ISIN

DE000A2G8ZX8

Ticker symbol

FRA: PYRUM

OSLO: PY

FRA: SCALE

Trading segment

OSLO: Euronext

Growth Market

1st trading day

30 September 2021

Key figures

Price on 2 Jan. 2024

EUR 32.20

Highest price (12 Feb. 2024)

EUR 49.60

Lowest price (9 Sep. 2024)

EUR 22.50

Closing price on 30 Sep. 2024

EUR 24.50

Number of shares

3.25 million

Pyrum's share price development in the first 9 months 2024

The first investor newsletter was published in February 2024 and will now be issued quarterly.

You can find all the relevant information about our investor relations activities in the investor relations section at the following link https://www.pyrum.net/en/investors/.

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

COMPANY

Operating activities

Pyrum Innovations AG is active in the attractive recycling market for end-of-life tyres with its patented thermolysis technology. Pyrum's thermolysis process is largely energy self-sufficient and, according to the Fraunhofer Institute, saves significantly more CO2 emissions than today's standard recycling processes for used tyres - especially compared to incineration in cement plants - and produces new raw materials such as thermolysis oil, gas and recycled carbon black (rCB) from the waste used as input materials. In this way, Pyrum closes the material cycle and pursues a sustainable business model.

As a pioneer, Pyrum Innovations AG was the first company in the field of end-of-life tyre recycling to receive REACH registration from the European Chemicals Agency (ECHA) for the thermolysis oil it produces back in 2018. This means that the oil is recognized as an official raw material that can be used in production processes. In addition, Pyrum has received ISCC+ certification for the thermolysis oil and the rCB. Both products are therefore considered sustainable and renewable raw materials. With the ISCC+ certification (since 2021), the company confirms to its customers that the secondary raw materials originate from sustainable production.

These successes have also been recognized by international experts and tyre industry groups. For example, the bicycle tyre manufacturer Schwalbe, which purchases rCB for the production of bicycle tyres, has a stake in Pyrum since October 2024. Likewise, since Pyrum's IPO in Oslo in 2021, tyre manufacturer Continental, which uses the recovered carbon black by Pyrum in the production of its Super Elastic solid tyres. In addition, BASF, which has held a stake in Pyrum Innovations AG since 2020 as part of its ChemCycling project, uses thermolysis oil from Pyrum and feeds it into its production network. In 2021, Pyrum also received an award in the Best Tyre Recycling Innovation category at the inaugural Recircle Awards and has already been nominated several times for the 'Grand Prix Mittelstand' by the German state of Saarland.

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

COMPANY

Value chain

The diagram shows an example of the processing of one ton of used tyres. In order to guarantee the product safety and quality of the end products, Pyrum operates its own tyre shredding plant (shredder). This allows the volume flow and the quality of the input materials to be controlled and checked in a targeted manner.

The disposal fee that Pyrum receives for accepting tyres is used to cover the operating costs of the tyre shredding plant.

The steel, textile and rubber components obtained vary depending on whether truck, car or bicycle tyres are processed. The recovered tyre wire can be processed directly back into new products in steelworks.

The thermolysis reactor is operated electrically and self-sufficiently by converting the thermolysis gas produced in the process into electricity. More than 150 heat sources ensure optimum and controllable temperature distribution in the reactor. This is the basis for the reproducible production of high-quality thermolysis oil and recovered carbon black (rCB).

As there are no moving parts in the reactor, unwanted oxygen ingress, which can occur in conventional processes such as batch or rotary kilns, is permanently excluded. This guarantees an optimal thermolysis process.

The waste heat from the company's own electricity generation can be used for the drying process of the rCB pellets, which leads to additional CO2 savings compared to the current recycling mix of used tyres.

By supplying the thermolysis oil to BASF, which uses it to manufacture high-quality products, and using the rCB in tyre production, optimum recycling is achieved.

PYRUM INNOVATIONS AG

Interim Group report 1 January to 30 September 2024

Disclaimer

Pyrum Innovations AG published this content on November 22, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 22, 2024 at 07:26:02.676.