Slide 1: Investor Update
ICOM% ee Investor Update March 10, 2009 - Polymer compounding, size reduction and specialty services - t
Slide 2: Forward-looking statements
Icom Certain matters discussed in this presentation are “forward-looking statements,” involving certain risks, uncertainties, and assumptions, intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. The Company's statements regardi
Slide 3: About the Company
Icom) About the Company ICO is a global provider of polymer compounding, size reduction and specialty services. ICO produces custom polymer powders for rotational molding and other polymer segments, including textiles, metal coatings and masterbatch. ICO remains an industry leader in size reduction,
Slide 4: ICO at a Glance
Icom ICO at a Glance 800 Employees #20 Plants/Warehouses *Organized into 5 regions: Bayshore Industrial, ICO Polymers North America, ICO Europe, ICO Asia Pacific, ICO Brazil *70% of revenues derived internationally Revenues for the twelve months ended September 30, 2008 By Region By Geography oem ca
Slide 5: ICO's Place in the Value Chain
Icom ICO’s “ the Value Chain ASSETS UTILIZED End Product Converters: tank Oil & Gas —_ pares Polymer producers, Exploration ae epson Producers: film manufacturers, and Naphtha Vinyl Production Chloride PE, PP, PS, Bay toy makers, Pvc s molders
Slide 6: Products & Services
Icom Products & Services Custom Powders for Rotational molding = Proprietary ICORENE® and COTENE® product lines Compounds, including Concentrates petiole fee aie atids, suc ‘A = Business built on value-adds, such as: Produced by Bayshore Industrial - Grades tailored to client, driven by application
Slide 7: Custom Powders for Rotational Molding
Icom Custom Powders for Rotational molding ‘We do not manufacture the above items. The above items are an example of applications that our customers manufacture which contain our product. Polymer compounding, size reduction and specialty services
Slide 8: Compounds, including Concentrates
Icom Compounds, including Concentrates Fy 3 a Produced by Bayshore Industrial —_ : We do not manufacture the above items. The above items are an example of applications that our customers manufacture which contain our product. Polymer compounding, size reduction and specialty services
Slide 9: Products & Services: Size Reduction Services
Icom Products & Services Size Reduction Services = Ambient Grinding - high-volume, typically moderate value-add service = Cryogenic Grinding - greater value-add and requiring more technical expertise to serve the market for heat sensitive materials «= Jet Milling - greater value-add and requiring mo
Slide 10: Size Reduction Services
Icom Size Reduction Services eee ‘We do not manufacture the above items. The above items are an example of applications that our customers manufacture which contain our product. Polymer compounding, size reduction and specialty services 10
Slide 11: Global Platform ICO Europe
Icom Global Platform ICO Europe Montereau, FR Gainsborough, UK " Polymer compounding, size reduction and specialty services
Slide 12: Global Platform ICO North America
Icom Fontana, CA Global Platform ICO North America Allentown, PA East Chicago, IN ee Polymer compounding, size reduction and specialty services 12
Slide 13: Global Platform ICO Asia Pacific
Icom Global Platform ICO Asia Pacific ICO Malaysia ICO Australia Brisbane a i , ICO Australia Melbourne ICO New Zealand —— Polymer compounding, size reduction and specialty services
Slide 14: Global Platform ICO Polymers Brazil
Icom Global Platform ICO Polymers Brazil Americana Polymer compounding, size reduction and specialty services 14
Slide 15: Historical Financial Performance
ICO4m% "il Historical Financial Performance Revenues ($ in millions) Operating income ($ in millions) sir9 $298 18
Slide 16: Operating Margin Breakdown
ICO4% ee Operating Margin Breakdown 22% 20% 19 20% 18% %o 18% 16% 14% Gross Margin mSG&A Operating Margin 12% 10% 8% 6% 4% 2% 0% Prams Pr omar Pr am6 Pros France 16
Slide 17: FY2008 Return on Assets by Business Segment
SH, a a ae SSS EEO Icom = FY2008 Return on Assets by Business Segment 1000 90.0 800 70.0 600 50.0 40.0 30.0 200 100 In 000's of US$ 100 Europe Bayshore industrial 100 Asia Pacific 100 Polymers North ICO Brazil America mma FY08 Operating home (Total Assets as of September 30, 2008 ROA %
Slide 18: Operating Income by Segment
Kom SS Operating Income 3 Year Historical Average Fiscal Fiscal Fi ar Year Year 3 Year 2008 2007 2006 Average (In $ Millions) ICO Europe $ 132 $ 90 $ 60 $ 294 Bayshore Industrial 10.2 15.4 14.8 13.5 ICO Asia Pacific 18 59 24 34 ICO Polymers North America 56 6.0 5.0 56 ICO Brazil 1.0 03 (0.5) 03 Unal
Slide 19: Historical Financial Performance
Icom Historical Financial Performance First Quarter 2009 Financial Highlights: Revenues of $79.4 million, a decrease of $31.5 million or 28% from the prior year Volumes declined 21% compared to the prior year due to global economic downturn and unfavorable resin price environment * Operating income
Slide 20: Historical Financial Performance- Cont'd
Icom Historical Financial Performance- Cont’d $in millions December 3,208 Cash $ 11.0 § 56 § 86 Total Debt 428 49.9 57.3 Net Debt 31.9 44.3 48.7 Working Capital, minus cash 47.5 61.4 49.3 Equity 99.2 107.8 91.0 Net Debt+to-capi ization 24.3% 29.1% 34.9% Net Debt, Equity Position and Net Debt-o-Capit
Slide 21: Value Creation Opportunities - FY 2009 and Beyond
Kom SS Value Creation Opportunities - FY 2009 and Beyond = Capitalize on global platform * Cultivate global customer relationships « Further develop strategic raw material supply relationships = Profitably grow our business in Brazil and South America = Expand Bayshore product line globally = Explor