Slide 1: Second Quarter 2026 Results
Rahim Suleman CEO & President & Director Jonathan Baksh EVP & CFO Second Quarter 2026 Results TSX: NEO.TO | Earnings call | August 11, 2026
Slide 2: Disclaimer
Disclaimer Forward-Looking Information Non-IFRS Financial Measures This presentation contains “forward-looking information”, within the meaning of applicable securities laws in Canada. Forward-looking information may relate to This presentation refers to certain specified financial measures, includi
Slide 3: Highest Quarterly Adjusted EBITDA in Neo's history
Highest Quarterly Adjusted EBITDA in Neo’s history Strength across all segments, strong operational execution and a sustained favourable pricing environment (1) Adjusted EBITDA(1) Trending Adjusted EBITDA ($m) Q2 2026 YTD 2026 $57 $57 million $93 million $36 $21 $20 $20 $19 $19 Neo expects to delive
Slide 4: Financing to Support Future Growth
Financing to Support Future Growth Equipment for Phase 1B of our European 1 permanent magnet facility May 2026 Successful completion of Expansion of our Bonded magnet 2 a $115M Canadian business treasury offering 3 Automation for Phase 1A and Silmet Separation Line 4 Working capital and other genera
Slide 5: European Permanent Magnet Facility
European Permanent Magnet Facility Phase 1A: • Built in under two years, on-time and on budget • Awarded multiple program awards from three Tier-1 motor manufacturers, including Traction Motor Magnets • Qualifying samples delivered to customers • Continue to be on track for 2-3 customer programs to
Slide 6: One Platform, Two Magnet Technologies: Bonded and Sintered
One Platform, Two Magnet Technologies: Bonded and Sintered KEY ATTRIBUTES SIMILAR PRODUCTION PROCESS OUR GLOBAL MAGNETICS FOOTPRINT BONDED SINTERED BONDED SINTERED SI MILAR ITI ES Feedstock LRE Fe FeB Ga Same Customers | Same End Markets* Light Rare Earth Iron Ferroboron Gallium HRE Heavy Rare Earth
Slide 7: Global Demand for Permanent Magnets Continues to Grow
Global Demand for Permanent Magnets Continues to Grow Global Forecasted Demand (Mt of NdFeB Magnets) The existing magnet market is comprised of approximately 92% sintered and 8% bonded magnets.* 613k Traction Motors Robotics Fast-Growing Demand Drivers Dominant Demand Drivers +354,000 Mt 259k Wind F
Slide 8: Rare Earth Magnets in Humanoid Robotics
Rare Earth Magnets in Humanoid Robotics Humanoid Robotics Camera/LiDAR Linkage-Driven Hands Magnet Growth Forecast* Bonde d NdFeB Mt Coreless Motors /Stepper Motors Sinte red NdFeB 52,200 Tendon-Driven Hands Frameless Torque M otors Sinte red NdFeB Battery and Thermal Management (Magnets in the cool
Slide 9: Rare Earth Magnets in Consumer & Commercial Drones
Rare Earth Magnets in Consumer & Commercial Drones Consumer & Commercial Drone Magnet Growth Forecast* 21,500 Cooling Fan Mt Bonded NdFeB 6,900 2025 2035 *Source: "Rare Earth Magnet Market Outlook to 2040 ( Dec 2025)", Adamas Intelligence. Gimbal Motors Flight Motors (Camera Stabilization) (Propulsi
Slide 10: Financials
neo Financials Jonathan Baksh
Slide 11: Q2 2026 Financial Results
Q2 2026 Financial Results Strength across all segments, strong operational execution and a sustained favourable pricing environment NET SALES ADJUSTED YTD ADJUSTED ADJUSTED EPS⁽¹⁾ EBITDA⁽¹⁾ EBITDA⁽¹⁾ $206M $57M $93M $0.55 Q2’25: $115M Q2’25: $19M Q2’25: $36M Q2’25: $0.21 +79% +200% +158% +162% 1) No
Slide 12: Magnequench
Magnequench (1) Volume (Mt) Revenue ($000s) Operating Income ($000s) Adjusted EBITDA ($000s) 64,343 2,356 1,558 1,460 10,467 50,468 1,611 7,558 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2026 Highlights • Volume: Decreased 6.3%, driven by Bonded Powder volume decline. However
Slide 13: Chemical & Oxides
Chemical & Oxides (1) Volume (Mt) Revenue ($000s) Operating Income ($000s) Adjusted EBITDA ($000s) 1,766 1,665 37,424 8,506 6,641 29,443 5,439 3,959 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2026 Highlights • Volume: Emission Catalyst volume grew 7% year-over-year, reflectin
Slide 14: Rare Metals
Rare Metals (1) Volume (Mt) Revenue ($000s) Operating Income ($000s) Adjusted EBITDA ($000s) 43,345 44,406 96 106,349 62 35,948 10,127 10,756 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2026 Highlights • Revenue: Increased 196% from the same period last year, driven by strong
Slide 15: Strong Balance Sheet
Strong Balance Sheet Q1 2026 Q2 2026 $42M Cash $96M Updated Full Year 2026 Adjusted EBITDA Guidance: $154M Gross debt $157M $235M Inventory $277M $ 140M - $150M Property, Plant & $199M $196M Equipment
Slide 16: Closing Remarks
Closing Remarks Rahim Suleman
Slide 17: neo
neo QzA
Slide 18: For further investor information and company updates
CorporateHeadquarters Suite 1740, 121 King Street West Toronto, Ontario, Canada, M5H 3T9 Phone: (416) 367 8588 For further investor Follow us on: information and company updates: Jim Fitzpatrick SVP, Investor Relations & Communications ir@neomaterials.com