Trinseo PLC · OTC:TSEOQ
Trinseo — Q4 2025 Earnings Presentation
13 slides from Trinseo's earnings presentation, Mar 13, 2026
Slide 1: Fourth Quarter 2025 Financial Results
1 Trademark of Trinseo PLC or its affiliates Fourth Quarter 2025 Financial Results March 13, 2026
Slide 2: Disclosure Rules
2 Disclosure Rules Disclosure Rules This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not
Slide 3: Summary
3 Summary Q4 2025 Results • Net loss of $251 million and EPS of negative $6.98 included pre-tax restructuring and other charges of $127 million primarily related to the closures of virgin MMA production operations at our facilities in Italy and the polystyrene assets in Germany • Adjusted EBITDA* of
Slide 4: Trinseo's Triple Zero Safety Standard
4 Trinseo’s Triple Zero Safety Standard 15 ALL Global R&D Teams 22 Production /Recycling Facilities 2 Site Service Teams 2025 Triple Zero Awards: 2025 Highlights: Exceeded ACC top quartile performance 85% of eligible teams achieved Triple Zero performance High levels of Leadership and Employee En
Slide 5: Q4 2025 Sales and Volume Summary
5 Q4 2025 Sales and Volume Summary Q4 Net sales in $millions Q4 Volume variances exclude styrene-related sales Fourth Quarter Volume Drivers: Europe • Lower volumes in Latex Binders paper & board and textile due to mill closures and competitive pressures, partially offset by polystyrene U.S. • Lower
Slide 6: Trinseo Q4 2025 Financial Results
6 Trinseo Q4 2025 Financial Results Net Sales • Versus prior year: Adjusted EBITDA* of $26 million was flat mainly driven by lower volumes and unfavorable mix effects, offset by savings from restructuring initiatives • Versus prior quarter: Adjusted EBITDA* decreased $5 million primarily due to lowe
Slide 7: Engineered Materials
7 Engineered Materials • Versus prior year: Adjusted EBITDA was flat with savings from the closure of our virgin MMA production facilities in Italy, offsetting the lower sales volumes. • Versus prior quarter: Adjusted EBITDA improvement in our more formulated PMMA resin products, was offset by norma
Slide 8: Latex Binders
8 • Versus prior year: Adjusted EBITDA was $10 million lower due to lack of demand and lower margins primarily in textile and paper & board applications in Europe • Versus prior quarter: Paper & board and textile volumes declined primarily driven by North America due to pronounced seasonality and in
Slide 9: Polymer Solutions
9 Polymer Solutions • Versus prior year: Adjusted EBITDA of $15 million was $2 million below prior year, primarily from unfavorable mix • Versus prior quarter: Adjusted EBITDA increased $11 million due to margin improvement and pre-buying of polystyrene at year-end in advance of anticipated styrene
Slide 10: Debt and Liquidity (Q4 2025)
10 Debt and Liquidity (Q4 2025) Cash and Borrowing Debt Maturity Schedule ($ millions) Facilities ($ millions) Revolving Credit Facility* AR Securitization** Cash*** $334MM Combined Cash and Availability under Committed Facilities**** * Revolving Credit Facility available funds of $192 million is ne
Slide 11: Appendix
11 Appendix
Slide 12: Segment Information
12 Segment Information (in $millions, unless noted) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 2023 2024 2025 Engineered Materials 73 77 73 76 78 88 74 71 72 76 70 63 300 310 282 Latex Binders 112 117 112 106 119 111 106 97 98 92 97 93 447 434 380 Polymer Solutions 210 2
Slide 13: US GAAP to Non-GAAP Reconciliation
13 US GAAP to Non-GAAP Reconciliation NOTE: For definitions of non-GAAP measures as well as descriptions of current period reconciling items from Net Income (Loss) to Adjusted EBITDA and to Adjusted Net Income (Loss), refer to the accompanying press release furnished as Exhibit 99.1 to our Form 8-K