Slide 1: Investor Presentation
Investor Presentation An established global platform in rare earth magnetics and critical materials TSX: NEO.TO | OTCQX: NOPMF August 2026
Slide 2: Neo Investor Presentation
Nn e o Investor Presentation ¢ 2
Slide 3: Disclaimer
Investor Presentation • 3 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 This presentation refers to certain specified financial measures, includi
Slide 4: Rare Earth Magnetics Supply Crisis Meets Growing Demand
Invest Why Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 4 Financials Appendix News Neo Invest Creation Highlights Rare Earth Magnetics Supply Crisis Meets Growing Demand Top Global auto executives are warning of an imminent shortage of rare-earth magnets fro
Slide 5: The Solution: Greater Strategic Rare Earth Magnetic Independence
In the About Why Value Annual Investor Presentation • 5 Financials Appendix News Neo Invest Creation Highlights The Solution: Greater Strategic Rare Earth Magnetic Independence Prime Minister of Canada, Mark EU President Ursula von Carney, holding a Neo magnet at der Leyen, at the G7 G7 2025 2025 Su
Slide 6: By the Numbers: Neo is...
In the About Why Value Annual Investor Presentation • 6 Financials Appendix News Neo Invest Creation Highlights By the Numbers Neo is… • A global leader in energy-saving permanent magnets and critical materials, with established technologies and geographically diverse midstream and downstream presen
Slide 7: Q1 2026 - Beating Expectations: Highest Adjusted EBITDA in Neo's history
In the About Why Value Annual Investor Presentation • 7 Financials Appendix News Neo Invest Creation Highlights Q1 2026 - Beating Expectations: Highest Adjusted EBITDA(1) in Neo’s history $36 million in Adjusted EBITDA(1), up from $17 million the prior year (1) (1) Trending Adjusted EBITDA • Record
Slide 8: Navigating Neo's business units and applications
Invest Why Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 8 Financials Appendix News Neo Invest Creation Highlights Navigating Neo’s business units and applications Magnequench (MQ) Chemicals & Oxides (C&O) • Rare earth magnetic powders • Rare earth separation
Slide 9: Neo's Unique Asset Base & Macro Trends Driving Growth
About Neo Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 9 Financials Appendix News Neo Invest Creation Highlights Macro Trends Driving Strong Growth Neo’s Unique Asset Base & in Neo’s Products Technical Expertise • 30+ years of Rare Earth • Existing Customer
Slide 10: Macro Trends Driving Strong Growth in Neo's Products
About Neo Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 10 Financials Appendix News Neo Invest Creation Highlights Macro Trends Driving Strong Growth in Neo’s Products New Energy Vehicle Permanent Magnets for Traction Magnets Critical Motor (both Sintered and
Slide 11: Unique Asset Base & Technical Expertise
About Neo Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 11 Financials Appendix News Neo Invest Creation Highlights Unique Asset Base & Technical Expertise Why Neo is Best Positioned to Win Leading Market Positions Across Multiple End Markets Select End Market
Slide 12: Geopolitical Forces & Public Policy Tailwinds
In the About Why Value Annual Investor Presentation • 12 Financials Appendix News Neo Invest Creation Highlights 605k* Global Forecasted Demand Geopolitical Forces & Public Policy Tailwinds (Mt of NdFeB Magnets) Neo’s global presence and parallel supply chain uniquely Fast-Growing Demand Drivers +34
Slide 13: Neo captures value across separation, metals and magnets
About Neo Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 13 Financials Appendix News Neo Invest Creation Highlights Neo captures value across separation, metals and magnets with integrated optionality, not dependency Mining Separation Metals Magnets Global Mar
Slide 14: Success Factors for a Rare Earth Magnetic Company
In the About Why Value Annual Investor Presentation • 14 Financials Appendix News Neo Invest Creation Highlights Success Factors for a Rare Earth Magnetic Company Neo has 10,000 Mt of Rare Earth Magnetic Capacity Globally Customer Proven Operational Access to Secure Raw Capital and Cost Relationship
Slide 15: Europe as the Choice for Neo's First Sintered Magnet Plant
About Neo Value Creation Annual Highlights In the About Why Value Annual Investor Presentation • 15 Financials Appendix News Neo Invest Creation Highlights Europe as the Choice for Neo’s First Sintered Magnet Plant Existing Ecosystem & Magnet Capacity Demand Growth Drivers Europe is home to some of
Slide 16: Our New Rare Earth Magnet Facility in Europe
About Neo Invest Why Annual Highlights In the About Why Value Value Annual Investor Presentation • 16 Financials Appendix News Neo Invest Creation Creation Highlights Our New Rare Earth Magnet Facility in Europe (Opened in September 2025) Neo Annual Permanent Magnet Capacity Target 10,000 Mt Furnace
Slide 17: Commercial Momentum in European Permanent Magnets is Building
About Neo Invest Why Annual Highlights In the About Why Value Value Annual Investor Presentation • 17 Financials Appendix News Neo Invest Creation Creation Highlights Commercial Momentum in European Permanent Magnets is Building European permanent magnet facility Delivery of sample magnets from the
Slide 18: European Rare Earth Separation Capabilities
About Neo Invest Why Annual Highlights In the About Why Value Value Annual Investor Presentation • 18 Financials Appendix News Neo Invest Creation Creation Highlights European Rare Earth Separation Capabilities • One of the only non-captive operators of a large-scale light rare earth separation faci
Slide 19: Strong Growth Prospects: NAMCO - Emissions Control Catalysts
In the About Why Value Value Annual Investor Presentation • 19 Financials Appendix News Neo Invest Creation Creation Highlights Strong Growth Prospects: NAMCO - Emissions Control Catalysts State-of-the-art environmental emissions control catalysts production facility in China Highlights ✓ Relocated
Slide 20: Rare Metals & Critical Materials
About Neo In the About Why Value Value Annual Investor Presentation • 20 Financials Appendix News Neo Invest Creation Creation Highlights Rare Metals & Critical Materials Gallium Hafnium Tantalum Niobium Demand Drivers: The largest, most Geopolitical experienced gallium These critical metals are on
Slide 21: Critical Metals – Supply Constraints & Export Restrictions Driving Higher Prices
About Neo In the About Why Value Value Annual Investor Presentation • 21 Financials Appendix News Neo Invest Creation Creation Highlights Critical Metals – Supply Constraints & Export Restrictions Driving Higher Prices Gallium Hafnium Tantalum (USD/kg) (USD/kg) (USD/kg) $1,883 $13,500 $808 179% 265%
Slide 22: LTM $95M Adjusted EBITDA: Additional Growth Opportunities From Here
In the About Why Value Value Annual Investor Presentation • 22 Financials Appendix News Neo Invest Creation Creation Highlights LTM $95M Adjusted EBITDA: Additional Growth Opportunities From Here 1 Base 2 European Rare Earth Permanent Magnets • Additional HREE-Free Traction Motor Programs • Phase 1A
Slide 23: 2026 Priorities
In the About Why Value Value Annual Investor Presentation • 23 Financials Appendix News Neo Invest Creation Creation Highlights 2026 Priorities Commission Heavy Rare Earth SX Line in Europe Launch 2-3 programs for magnets in Europe Win additional awards to match launch windows in Europe Planning aro
Slide 24: Investment Highlights
In the About Why Value Value Annual Investor Presentation • 24 Financials Appendix News Neo Invest Creation Creation Highlights TSX: NEO.TO | OTCQX: NOPMF Investment Highlights • Established, Operating Platform Commercial rare earth separation, metals and permanent magnet An Established, production
Slide 25: Quarterly Updates & Financials
Quarterly Updates & Financials
Slide 26: Financial Performance by Business Unit
In the About Why Value Annual Investor Presentation • 26 Financials Appendix News Neo Invest Creation Highlights Financial Performance by Business Unit Year-over-Year Quarter Highlights: Magnequench Quarterly Comparison • Volume increased 18.3%, reflecting strong execution across the business, conti
Slide 27: Consolidated Financial Statements
In the About Why Value Annual Investor Presentation • 27 Financials Appendix News Neo Invest Creation Highlights Consolidated Financial Statements Income Statement Selected Data Shareholder Capital Returns Year-over-Year Quarterly Comparison Year-over-Year Quarterly Comparison US$ 000s (excl. EPS) Q
Slide 28: Appendix
nee” Appendix
Slide 29: Case Study: First-of-kind commercialized Rare Earth magnetics in HEV Traction Motor
In the About Why Value Annual Investor Presentation • 29 Financials Appendix News Neo Invest Creation Highlights Case Study: First-of-kind commercialized Rare Earth magnetics in HEV Traction Motor without heavy rare earths • Neo’s Magnequench division co-developed with Daido a 0% Heavy Rare Earths M
Slide 30: Board of Directors: Independent Directors
In the About Why Value Annual Investor Presentation • 30 Financials Appendix News Neo Invest Creation Highlights Board of Directors: Independent Directors Neo’s Board is comprised of current & former senior executives, with backgrounds in law, government, accounting, finance, material science, and r
Slide 31: Executive Management
In the About Why Value Annual Investor Presentation • 31 Financials Appendix News Neo Invest Creation Highlights Executive Management Neo’s Executive team is comprised of experienced executives in general management, finance, operations, sales & marketing, law, and engineering Rahim Suleman Jonathan
Slide 32: Corporate Headquarters
Performance Materials Corporate Headquarters Suite 1740, 121 King Street West Toronto, Ontario, Canada, M5H 3T9 (416) 367 8588 For further investor Follow us on: information and A black and white logo company updates: Description automatically Jim Fitzpatrick SVP, Investor Relations & Communications