Organising Recycling and Disposal.Bundling Material Flows.Dealing with Secondary Raw Materials.

It is ultimately all a question of the organisation!

Welcome!

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The Company‘s History

1991 Starting the operational business of „INTERSEROH- Aktiengesellschaft zur Verwertung von Sekundärrohstoffen“

1993 Foundation of „ISD INTERSEROH Entsorgungsdienstleistungs GmbH“

1994 Acquisition of Hennings-Group:, Entering the steel recycling business

1996 Foundation of INTERSEROH Export GmbH (today: RSH GmbH & Co.KG)

Acquisition of Hetzel

1998 Initial Public Offer of INTERSEROH AG, Acquisition of the French waste paper group CDI

1999 Acquisition of Metallaufbereitung Rostock and the Belgium waste paper companies Padec and Sanglier

2000 Acquisition of „Repasack“ and „Die Grüne Umweltbox“

2001 Acquisition of Hansa Recycling-Group

Der Konzern

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The Group

Structure

Services and Secondary Raw Material Trade

ISD INTERSEROH GmbH

INTERSEROH Holzkontore in Berlin, Bückeburg, Lünen,Rostock, Worms

REPASACK GmbH, Wiesbaden

INTERSEROH CDI S.A., France

INTERSEROH-BELIGIQUE S.A.,Belgium

EVA - Erfassen und Verwerten von Altstoffen GmbH, Austria

INTERSEROH Elberg GmbH

Joint Venture Shanghai

Steel- and Metal-Recycling

INTERSEROH Hennings GmbH

INTERSEROH Hanse-Schrott-Döberitz

INTERSEROH MAB Rostock GmbH

RSE GmbH

INTERSEROH Hetzel GmbH

INTERSEROH RSH GmbH

INTERSEROH Jade Stahl Gruppe

INTERSEROH EVERT HEEREN GmbH

INTERSEROH Franken Rohstoff GmbH

INTERSEROH ERC GmbH

BW Rohstoff und Recycling GmbH

INTERSEROH Stroh

Süddeutsche Rohprodukten GmbH

INTERSEROH Trading

Der Konzern

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The Group

INTERSEROH locations in Europe

Der Konzern

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The Group

Investor Relations

Die Aktie

Facts and Figures:

Shareholders‘ Strukture:

Legal Form of Company: Public Limited CompanyInitial Public Offer: 21st June 1998Authorized Capital: 25.6 Million EUROShares: 9.84 MillionFace Value: No-Par Shares

Alba AG 25.61 %RETHMANN AG & Co. 15.00 %Strategic Investments ca. 35.00 %Free Float ca. 25.00 %

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The Share

Packaging Take Back (1)

INTERSEROH has been specializedin returning used transport packaging from industry, trade and

craftman-shops.

Amongst others we work for:> Construction industry> Office supplies dealers> Electric and electronic ind.> Furniture industry> Interior decoration ind.> Sanitary-heating-climatization ind.> Car compounds industry> Shoe industry> Florists supplies dealers

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Services

[processor]...as recovery/recycling

operator

[disposal operator]...as collector

[collection points]...as unpackers

coordination of disposal operators

IS guaranteesrecovery & recycling

free-of-charge collection, recovery & recycling

INTERSEROHthe promoter

IS pays disposal operators

IS pays for recovery & recycling

registration of

collection points

solution development and organization

meeting legal obligation ref. product liabilitycontract with INTERSEROH

paying INTERSEROH

INTERSEROHarranges operations,

all costs incurred

[manufacturers/ dealers]...as packers

Packaging Take Back (2)

Packaging Take Back (3)

INTERSEROH organises and coordinates a recycling-network all over Germany

More than 4,000 contract partners from industrie

More than 1,000,000 tons of packaging (different materials)

80,000 pick-up points

600 Disposal operators

300 Processors

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Services

Waste Disposal Management

The INTERSEROH waste disposal management consists of a logisitc and cost-efficient waste disposal system for branch offices and stores in order to get as many materials as possible recovered or recycled.

Examples of waste streams covered within the scope:> Packaging waste > Mix wastes> Hazardous wastes> Separator wastes> Organic waste, leftovers> Waste oil, waste oil containers, starter batteries> Paper and data carriers shredding, etc

The scope of waste disposal management can be used both partially or as a whole system.

Specialized operators who provide the necessary qualification and knowledge, will be engaged only. ©

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Services

Cartridge Operation

Collection system for emptied ink jets and toner cartridges from printers, copying and telefax machines

Free-of-charge supply and pick-up of collection boxes

Cleaning and classification of modules and trasport to refillers

Convinient for offices where empties modules do appear, e.g. in trade, craftman-shops, commerce, industry or local authorities

Since early 2002: About 11.000 schools have been participating in the project „Die Grüne Umwelt-Box in schools“

Acqusition of BEZ-operation business

Quantity 2004: 2.5 Mio cartridges

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Services

Success Factors (1)INTERSEROH Network

Network for collection of waste packaging and products all over Germany by

cooperation with more than 600 qualifyed waste disposal operators.

Network for collection of steel and metals scrap all over Germany. Own

processing plants. .

Network for collection of waste and residual wood in important German regions. Own processing plants by joint-ventures.

European network under construction. Important locations :> CDI-Gruppe (France)> PADEC und Sanglier (Belgium)> EVA (Austria)

Ausblick

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Outlook

Success Factors (2)INTERSEROH Network

Waste Disposal Services

All business activities by ISD INTERSEROH GmbH come up to 2.4 million service operations within a year or 1,250 operation per working hour.

Material-Flow-Management

According to the bulk purchasers‘ needs thousands of small material quantities are bundled to real material flows in industrial terms. By networking means, e.g. providing paper mills with waste paper or residual wood.

Monitoring

Every operation will be comprehensibly organized, coordinated, registered and invoiced.

Ausblick

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Outlook

RAW MATERIAL QUANTITIESGeschäftsjahr 2002

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Business year 2003

Waste Paper 1.257.300 t 

Waste Wood 709.200 t 

Plastics 81.100 t 

Kraft Paper Sacks 14.400 t 

Metal Scrap 98.600 t 

Steel Scrap 3.354.500 t 

Compounds 46.000 t 

Other Secondary Raw Materials 11.700 t 

Turnover in Million EUROGeschäftsjahr 2002

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Business year 2003

2003 2002 2001 2000 1999 1998

INTERSEROH GROUP 736,7 654,2 369,5 394,7 283,6 253

Services and Raw Material Trade 226,2 235,6 211,1 269,2 186,7 154,2

Steel and Metal Recycling 510,5 418,6 158,4 125,5 96,9 98,7