Slide 1: Solstice Nuclear Webinar
June 2026 Solstice Nuclear Webinar © 2026 Solstice Advanced Materials Inc.
Slide 2: Forward-Looking Statements & Other Disclaimers
Forward-Looking Statements & Other Disclaimers This presentation contains “forward-looking statements” within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substant
Slide 3: Today's Speakers
Today’s Speakers Jeff Dormo Malcolm Critchley Mike Leithead Senior Vice President President & CEO Vice President Refrigerants & Applied Solutions ConverDyn Investor Relations • 9+ years with Honeywell/Solstice • 18+ years with ConverDyn • 12 years of sell-side experience covering chemicals and • 16+
Slide 4: Solstice's Nuclear Business
Solstice’s Nuclear Business Differentiated Offering: Unique position as the sole U.S. provider of UF6 conversion services Industry Leadership: Established operator with durable advantages, proven operational excellence, and 60+ years of reliable delivery Attractive End Markets: Increasing demand for
Slide 5: Nuclear Overview
Nuclear Overview Established U.S. provider of uranium hexafluoride (UF6) conversion and related services to nuclear power providers in North America, Europe, and Asia Nuclear $356M, 9% Safety & Defense Solutions Annual Order Valid NRC Refrigerants Capacity: Backlog: License Thru Electronic Materials
Slide 6: Strong Foundation Built on a Rich Legacy
Strong Foundation Built on a Rich Legacy Continuous First Domestic Long-Standing and Modernization UF6 Provider Trusted Leader Investment • Roots date back to 1957 • Blue-chip utility customer • >$100m spent since 2022 on • First customer was U.S. relationships dating back upgrades and efficiency At
Slide 7: Strategic Advantages of Our Business
Strategic Advantages of Our Business Fluorine Trusted Proprietary Established Chemistry Expertise Industry Partner Conversion Process Production Base Expert in fluorine chemistry Certainty of supply is Unique UF6 production Modernized, licensed with synergies across paramount to customers; process p
Slide 8: Enabling a Strategy to Unlock Long-Term Growth
Enabling a Strategy to Unlock Long-Term Growth Nuclear renaissance, established industry position, and recent Solstice spin-off enables us to unleash the full growth potential of this business Strong Core Business & Strategic Capacity Adjacent Revenue Robust Backlog Expansion Opportunities Nuclear b
Slide 9: Nuclear Fuel Cycle
Nuclear Fuel Cycle Mining & Fuel Power Conversion Enrichment Milling Fabrication Generation Uranium ore is mined U3O8 is chemically UF6 is separated and Enriched product is U-235 isotope fission and processed into reacted with HF to enriched to the “de-converted” to UO2 in the reactor and U3O8 conce
Slide 10: How Conversion Contracts Work With Nuclear Power Customers
How Conversion Contracts Work With Nuclear Power Customers Contracting Process Illustrative Contract: • Largely bilateral long-term contracts, managed by utility provider / nuclear power provider Agreement with ABC Utility, signed June • Contracts largely 3-5 years in length, with delivery starting
Slide 11: Uranium Conversion Producer Landscape
Uranium Conversion Producer Landscape Production Capacity1 Producer Country m kgU USA 10.0 Company A Canada 12.5 Company B France 15.0 Company C Russia 12.5 Company D China 15.0 Full enforcement of US ban on Russian imports scheduled to take effect at the end of 2027 Through ConverDyn, Solstice repr
Slide 12: Current Market Dynamics
Current Market Dynamics Conversion Supply & Demand1 Nuclear Conversion markets have (millions kgU as UF6) tightened following limited new supply Secondary supply of ~34 m kgU 80 in 2018 following idling additions, reductions in secondary supply, Metropolis vs ~13 m kgU in 2025 70 and growing demand
Slide 13: Nuclear Growth Landscape
Nuclear Growth Landscape ~49 GW 78 Reactors >70 SMRs Multiple 4x by 2050 Potential US power Under contruction2 Under development3 Reactor restarts & US nuclear energy shortfall by 20281 extensions capacity4 Increasing global demand for nuclear energy underpinned by accelerating power Recent Headline
Slide 14: Spotlight on Growth Opportunities | SMRs and Emerging Tech
Spotlight on Growth Opportunities | SMRs and Emerging Tech Small Modular Reactors (SMRs) offer scalable, reliable carbon- free power with advantages in construction timeline, capital requirements, and deployment flexibility versus traditional reactors Industry Adoption: Recent partnerships between A
Slide 15: Strong Financial Profile for Solstice's Nuclear Business
Strong Financial Profile for Solstice’s Nuclear Business Nuclear Net Sales Near-Term and Medium-Term ($ in millions) Earnings Robust growth Dynamics in recent years driven by higher 26.2% CAGR UF6 pricing and recent capacity expansion 1081 Contract ~90% of production with ~10% held for spot sales Ro
Slide 16: Evaluating Solstice's Nuclear Backlog
Evaluating Solstice’s Nuclear Backlog High-quality Nuclear backlog supports medium-term earnings growth Solstice’s Nuclear backlog of ~$2.2bn as of March 2026 Backlog reflects firm signed contracts signed with ~90% volume commitments and clear pricing mechanisms Production capacity largely contracte
Slide 17: ConverDyn Relationship and Accounting
ConverDyn Relationship and Accounting Metropolis Works (100% ownership) and ConverDyn (50% ownership) fully consolidated through Solstice P&L • Metropolis produces UF6 • ConverDyn purchases and markets 100% of the UF6 conversion services 50% 100% 50% from Metropolis • Solstice is compensated for pro
Slide 18: Non-Conversion Nuclear Revenues and Benefits
Non-Conversion Nuclear Revenues and Benefits Nuclear Business Broader Solstice Benefits ~$40-$80M • Leverages HF expertise and Current Annual Revenue production capacity | HF is Targeted area of growth going forward driven by the produced and supplied to rapidly-expanding nuclear space MTW as a key
Slide 19: Solstice Nuclear Positioned for Strong Earnings Growth
Solstice Nuclear Positioned for Strong Earnings Growth Strong Financial Foundation • Solstice benefitting from both higher volumes and higher selling prices • High quality backlog of $2B+, driven by orders from long-term customers with contractual off-take agreements • Attractive adjacency revenue o
Slide 20: How Solstice is Actively Evaluating Conversion Expansion
How Solstice is Actively Evaluating Conversion Expansion Commercial Supply / Cost Support • Engaging existing and • Retained leading EPC firm • Discussing with prospective customers to conduct initial federal/state agencies on long-term supply engineering analysis on potential investment's needs abi
Slide 21: Key Takeaways
Key Takeaways Differentiated Nuclear business with a durable leadership position and stands to benefit from increasing demand for nuclear energy Unique financial profile underpinned by robust growth, strong contract visibility, and $2B+ backlog that extends into the 2030s Compelling industry dynamic
Slide 22: Q&A
Q&A
Slide 23: © Solstice
© Solstice