Element Solutions Inc. · NYSE:ESI
Element Solutions — Merger or Acquisition (July 2026)
19 slides from Element Solutions's merger presentation, Jul 20, 2026
Slide 1: Solstice Advanced Materials to Acquire Element Solutions
Investor Update July 20th, 2026 Solstice Advanced Materials to Acquire Element Solutions Capturing a Generational Growth Opportunity DRAFT as of 14 - July
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward - Looking Statements This communication contains certain forward - looking statements within the meaning of the federal securities laws made pursuant t o the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the prop
Slide 3: Accelerating Our Strategy and Fueling Expected Significant, Sustainable Value Creation
Accelerating Our Strategy and Fueling Expected Significant , Sustainable Value Creation • Unlocks the potential of the combined electronics platform – competitive integrated offering in exciting emerging technologies such as advanced packaging and next generation semiconductor materials • Highly com
Slide 4: Scaled Electronics Materials Platform with Expected Increased Exposure to High-Growth End Markets
Scaled Electronics Materials Platform with Expected Increased Exposure to High - Growth End Markets 4 Source: Company Public Filings, Grand View Research, Grid Strategics, McKinsey & Company |¹Includes Solstice Research and Performance Chemicals and Safety and Defense Solutions, and Element Specialt
Slide 5: Complementary, High Growth Electronics Portfolio
Chip Fabrication Packaging Complementary, High Growth Electronics Portfolio Complementary, High Growth Electronics Portfolio 5 Speed of Leading Edge Innovation Requires Broader Portfolios & Deeper Partnerships with Materials Suppliers PCB Fabrication Board & Final Assembly >10% CAGR >10% CAGR HSD% C
Slide 6: Combined Platform Expected to Accelerate Commercialization of New Advanced Material Products
Combined Platform Expected to Accelerate Commercialization of New Advanced Material Products 6 Deposition, Advanced Packaging and Thermal Management Solutions for Customers Across the Value Chain Robust Innovation Pipeline to Solve Customer Challenges ActiveCopper TM Unlocking copper's full conducti
Slide 7: \\FIRMWIDE.CORP.GS.COM\IBDROOT\PROJECTS\IBD-NY\SMATTER2026\994051_1\_Graphics\MapInfo\01 Eclipse Solar Map\01 Eclipse…
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Slide 8: Nuclear to Remain a Core Growth Pillar
Nuclear to Remain a Core Growth Pillar - Supported by Improved Free Cash Flow Conversion 8 Source: Company Public Filings | 1 Source: Morgan Stanley Research. 2 Source: Goldman Sachs, " Nuclear Nuggets: Global reactor tracker - May edition," data as of May 9, 2026. 3 Source: World Nuclear Associatio
Slide 9: Element Expected to Accelerate Solstice's Growth Engine
Element Expected to Accelerate Solstice's Growth Engine and Position Solstice as an Industry - Leading Electronics Player 9 $6.8B 2025 Combined Revenue 1 $1.7B 2025 Combined Adj. EBITDA 2 (incl. expected synergies at year 3 ) 26% 2025 Combined Adj. EBITDA Margin% 2 (28% ex - metals 3) HSD - LDD Expe
Slide 10: Net Synergies Expected to Exceed $180M by Year 3, Run Rate of ~$210M
~$50 M ~$135 M ~$180 M+ ~$210 M Year 1 Year 2 Year 3 Run-Rate Synergies Deal Supported by Net Synergies Expected to Exceed $180M by Year 3, Run Rate of ~$210M 10 Footprint Optimization • Global footprint optimization ~$20M Supply Chain Improvements • Procurement savings through harmonized supplier a
Slide 11: The Proposed Acquisition of Element Solutions Presents Unique Upside Opportunities
Deposition and Advanced Packaging • Highly complementary products ( e.g. PVD and ECD) position the Combined Company for deeper customer engagement and Process of Record "wins" • Unique product capabilities allow for different combinations of materials (dielectric, ECD, PVD) that work together seamle
Slide 12: Proven Team to Drive Integration Planning and Post-Close Execution
Integration Mindset Proven Team to Drive Integration Planning and Post - Close Execution Robust Integration Framework to Drive Value Creation 12 Metric Driven Focused execution against clearly defined management operating system Customer Centric Customer engagement maintained and improved through in
Slide 13: Expected Combined Net Leverage and Capitalization
~3.5x <3.0x 2.0x – 3.0x At Close (excl. Synergies) Within 18 Months Target Ratio Committed to Maintaining Strong Credit Ratings Expected Combined Net Leverage Combined Capitalization • $4.7bn of committed bridge financing • Target capital structure optimizes cost of capital while maintaining flexibi
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities Solstice Focus Balance Sheet Maintain Balance Sheet Optionality & Ba1 / BB+ Rating Committed to Maintaining a Strong Balance Sheet 2.0x – 3.0x Long Term Net Leverage Target Growth Capex Nuclear Expansion Kuprion Commercialization Advanced Semiconductor Materials Expansi
Slide 15: Potential to Create a World Leading, Higher Value Advanced Materials Company
Source FactSet; market data as of 17 - July - 2026. Note: For illustrative purposes. See slide 2 for information on combined company and non - GAAP financial measures Combined company reflects blended metrics per announcement press release; Combined revenue CAGR reflects estimated medium - term grow
Slide 16: Accelerating Our Strategy and Fueling Expected Significant, Sustainable Value Creation
Accelerating Our Strategy and Fueling Expected Significant , Sustainable Value Creation • Unlocks the potential of the combined electronics platform – competitive integrated offering in exciting emerging technologies such as advanced packaging and next generation semiconductor materials • Highly com
Slide 17: Appendix
Appendix © 2026 Solstice Advanced Materials Inc.
Slide 18: Solstice Overview: Global Advanced Materials Leader
Solstice Overview: Global Advanced Materials Leader Exposed to High - Growth Sectors with Secular Tailwinds Diversified Portfolio Across Key Segments 2025 Net Sales $3.9B 2025 Adj. EBITDA Margin 1 ~25% 2025 Adj. EBITDA 1 $957M Employees 4,000+ Customers 3,000+ Countries & Territories with Sales 120+
Slide 19: Element Solutions Overview: An Advanced Materials Leader
Element Solutions Overview: An Advanced Materials Leader Enabling the Next Generation of Electronics, Mobility and Connectivity Diversified Portfolio of Advanced Solutions... 2025 Net Sales $2.9B 2025 Adj. EBITDA Margin 1 ~21% 2025 Adj. EBITDA 1 $609M Employees 2 5,200+ Customers 17,600+ Countries S
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