2024 SUSTAINABILITY REPORT Advanced Circularity 15 Liberty Tire Recycling is committed to 100% of tires collected entering an end-use market by 2030, eliminating landfill disposal. Progress is tracked by our utilization rate, measuring the percentage of tires processed into products versus disposal. Our strategy prioritizes shifting rubber from disposal into high-value recycling and reuse outlets. This drives rubber to the top of the product value chain and supports a reduction in Scope 3, Category 11 emissions (Use of Sold Products) by decreasing the volume of tires used as tire-derived fuel in cement manufacturing—a process that, while a sustainable alternative to coal, is more energy-intensive than other product applications. As we collect more tires year over year, we are continuously driven to expand end markets to keep pace with the growing volume. Taking into consideration the volume growth since our baseline year, we’ve still been able to improve utilization by 6.7%, keeping us on track to achieve Zero Waste by 2030. We are particularly proud of this improvement in our utilization rate given the dilutive impact that recent acquisitions have had on our utilization performance. At the time of acquisition in early 2024, Castle Tire disposed 67% of the volumes it collected into landfills. While this was dilutive to Liberty’s reported utilization rate in 2024, we see a clear path to improving the utilization in the Pacific Northwest marketplace and have actively been working on improvements. As the market leader in utilization of end-of-life tires, Liberty will continue to pursue business combinations that will allow us to increase the end-of-life tire beneficial reuse rate. ZERO WASTE BY 2030—100% OF TIRES WE COLLECT WILL ENTER END-USE MARKET 195,925,849 501,570 74.4% 205,817,489 419,380 78.4% ↑ 215,634,461 407,667 81.1% ↑ Total Tires Collected Passenger Tire Equivalents (PTEs) Total Disposal Volumes Metric Tons Utilization Rate % of Material going to Beneficial Reuse 2023 2022 2024 ZERO WASTE GOAL 0% 100% 81% PROGRESS REUSE RECYCLE MATERIAL RECOVERY ENERGY RECOVERY DISPOSAL Extend the life of tires by directing acceptable tires to the used tire market Process tires into crumb rubber to be used in new products in place of virgin materials Recover tires for use in civil engineering applications Supply recovered rubber as a more sustainable alternative fuel for energy generation Landfill disposal of product that cannot be used in the value chain or in areas where there are no market opportunities MOVING PRODUCT UP THE VALUE CHAIN
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