Perimeter Solutions, Sa · NYSE:PRM
Perimeter Solutions, Sa — Q1 2026 Earnings Presentation
19 slides from Perimeter Solutions, Sa's earnings presentation, May 6, 2026
Slide 1: Perimeter Solutions Q1 2026 Earnings
Perimeter Solutions, Inc. Q1 2026 Earnings May 6, 2026
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation and discussion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on Perimeter Solutions, Inc.’s (“we,” “us,” “our” or the “Company”) expectations, intentions and projections regar
Slide 3: Three Elements Achieves Purpose
Three Elements Achieves Purpose Our Exceptional Value Creation Purpose Decentralization Businesses Strategy Fulfill Mission Broad Industrials Focus Operational Value Drivers Operating Autonomy ▪ Mission Critical / Small Cost ▪ Profitable New Business Deliver private-equity ▪ Challenging Problems ▪ P
Slide 4: Operational Developments: Fire Safety
Operational Developments Fire Safety 4
Slide 5: Contract Wins Grow Earnings & Increase Visibility
Contract Wins Grow Earnings & Increase Visibility U.S. Defense Logistics Agency California Department of Forestry Product Line Fire Suppression Foam & Services Long Term Fire Retardant & Services Contract Length 5 years, starting late ’26 & ramping in ’27-‘31 5 years, ’26-‘31 Volume Commitment $500M
Slide 6: Operational Developments: Specialty Products
Operational Developments Specialty Products 6
Slide 7: Q1 2026 Financial Summary
Q1 2026 Financial Summary ($000) Q1 '25 Q1 '26 y/y Consolidated Revenue 72,030 125,069 74% Adjusted EBITDA 18,083 41,159 128% Adjusted EBITDA Margin 25% 33% GAAP Earnings Per Share (diluted) 0.36 0.44 Adjusted Earnings Per Share (diluted) 0.03 0.06 Fire Safety Revenue 37,163 45,444 22% Adjusted EBIT
Slide 8: Long-Term Assumptions
Long-Term Assumptions Item Forward-Looking Assumption Interest Expense ~$75M annually Tax-deductible D&A and other ~$60-65M annually Capital Expenditures ~$30-40M annually Annual Change In Working Capital ~10-15% of revenue growth (1) Cash Tax Rate 20% or lower 8 (1) Cash paid for taxes, over a mult
Slide 9: Capital Allocation Priorities
Capital Allocation Priorities Priority Q1 ‘26 ▪ Support our customers’ mission Capex ▪ $5.8M ▪ Drives Profitable New Business and Productivity M&A ▪ Acquiror advantage from Value Drivers ▪ $682.3M implementation Share Buybacks ▪ Repurchase shares when compelling opportunities ▪ None arise Special ▪
Slide 10: Attractive Debt Profile, Ample Liquidity
Attractive Debt Profile, Ample Liquidity Maturity Schedule $800M $700M $675M $600M $550M 5.00% fixed rate Debt 5% fixed rate $500M 6.25% fixed rate Senior Secured Notes $400M $300M $200M $100M $0M $0M $0M $0M $0M $0M $0M $0M 2026 2027 2028 2029 2030 2031 2032 2033 2034 • NO financial maintenance cov
Slide 11: Appendix
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Slide 12: Incentive Alignment
Incentive Alignment Stock Options • Approximately 14.7M stock options granted to management, employees, and directors are outstanding as of March 31, 2026 • Vest over five years based on intrinsic share price growth Founders Advisory Agreement (pertaining to the EverArc Founders) • Fixed Annual Advi
Slide 13: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Adjusted EBITDA & Adjusted EBITDA Margin The computation of Adjusted EBITDA is defined as income (loss) before income taxes plus net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recu
Slide 14: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Adjusted EBITDA ($000) Q1 '25 Q1 '26 Income before income taxes 69,179 49,846 Depreciation and amortization 16,893 27,139 Interest and financing expense 9,644 24,356 Founders advisory fees - related party (80,613) (76,378) Non-recurring expenses (1) 907 391
Slide 15: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Net Debt to LTM Adjusted EBITDA Net Debt to LTM Adjusted EBITDA is defined as Net Debt divided by LTM Adjusted EBITDA. Net Debt is defined as total gross debt (Senior Notes due 2029 and 2034) less cash and cash equivalents. Management believes Net Debt to LT
Slide 16: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Last Twelve Months (“LTM”) Adjusted EBITDA Net Debt to LTM Adjusted EBITDA ($000) LTM 3/31/2026 ($000) 3/31/2026 Loss before income taxes (255,580) Senior Notes due 2029 675,000 Depreciation and amortization 84,278 Senior Notes due 2034 550,000 Interest and
Slide 17: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Adjusted Net Income and Adjusted Earnings Per Share The computation of Adjusted Earnings Per Share (“Adjusted EPS”) is defined as Adjusted Net Income (loss) divided by adjusted diluted shares. Adjusted Net Income is defined as net income (loss) plus amortiza
Slide 18: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) Adjusted Net Income and Adjusted Earnings Per Share Three Months Ended Three Months Ended 2026 2025 2026 2025 ($000) GAAP net income $ 72,936 $ 56,686 Shares used in computing GAAP Earnings Per Share (diluted) 165,074,373 156,727,696 Adjustments: (4) Options
Slide 19: Thank You!
Thank You! NOTICE: Although the information and recommendations set forth herein (hereinafter “Information”) are presented in good faith and believed to be correct as of the date hereof, Perimeter Solutions/Solberg/Auxquimia (the “Company”) makes no representations or warranties as to the completene