Slide 1: 4Q 2025 Earnings Presentation
February 20, 2026 4Q 2025 Earnings Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or
Slide 3: Overview
Overview Navigating Dynamic Industry Conditions While Optimizing Operational and Commercial Performance ✓ Strong execution to close out 2025 – Planned plant turnaround completed successfully at lower end of range – Strong Plant Nutrients performance: favorable pricing year-over-year and realized ben
Slide 4: 4Q 2025 Financial Summary
4Q 2025 Financial Summary ($M) 4Q25 +9% YoY Drivers Sales • Top and bottom-line growth driven by volume and cost impact of plant turnarounds $360M $329 $374 $360 • Favorable ammonium sulfate volume/mix and pricing offset by higher input costs (natural gas and sulfur) 4Q24 3Q25 4Q25 • Acetone price –
Slide 5: 4Q 2025 Sales By Product Line
4Q 2025 Sales By Product Line Sales YoY Sales +9% QoQ Sales (4%) % Formula / Product Price (2%) Volume +11% Price (1%) Volume (3%) Index ($M) Nylon ~40% (7%) +13% CPL ~85% PN ~0% 67 79 63 73 64 57 CI ~60% 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 Nylon Caprolactam YoY Raw Materials Pass Through (4%), Market-Bas
Slide 6: FY 2025 Financial Summary
FY 2025 Financial Summary Highlights ($M) FY25 <1% • Strong Plant Nutrients pricing and volume/mix driven by increased demand and higher granular ammonium sulfate sales supported by SUSTAIN growth program • Higher raw material input costs (natural gas and sulfur) impacting Plant Nutrients Sales prof
Slide 7: Diversified End Market Exposure
Diversified End Market Exposure End Market ASIX Exposure End Market Performance / Outlook +Favorable AS supply/demand fundamentals; Sulfur nutrition demand growing 3-4% Ag / Fertilizer - Caution around North American crop prices and farmer profitability - Meaningfully higher sulfur input costs Build
Slide 8: 2026 Strategic Priorities
2026 Strategic Priorities Fixed Cost Take-Out, Operational Efficiency, and Disciplined Capital Allocation Focus on Cash Flow Generation Through the Cycle Capex Deployment by Year ($M) ➢ Lower Capex anticipated – cash conservation through refined risk- $134 based prioritization and execution $116 $10
Slide 9: Compelling Investment Thesis
Compelling Investment Thesis Value Drivers Supporting Through-Cycle Profitability and Sustainable Performance ✓ Leading global cost advantage in vertically integrated caprolactam production – unique combination of assets and business model core to our advantage Durable Competitive ✓ Largely insulate
Slide 10: Appendix
AovanSix APPENDIX Good chemistry,
Slide 11: Plant Nutrients Industry Pricing and KPI Update
Plant Nutrients Industry Pricing and KPI Update Industry Pricing Commentary Ammonium Sulfate Price and Raw Materials Higher Year-over-Year • Continued favorable North American ammonium sulfate supply and demand environment • Higher raw material prices (natural gas and sulfur) impacting fertilizer ma
Slide 12: Nylon Solutions Industry Spreads and KPI Update
Nylon Solutions Industry Spreads and KPI Update Industry Spreads Commentary Nylon Value Chains Operating More Regionally • Navigating an extended trough in the cycle – global oversupply conditions holding industry pricing steady • AdvanSix price over raws spreads expanding year-over-year amid lower
Slide 13: Chemical Intermediates Industry Pricing and KPI Update
Chemical Intermediates Industry Pricing and KPI Update Industry Pricing Commentary Lower Global Operating Rates Persist; Spreads Near Cycle Averages • Phenol demand remains weak overall – lower global operating rates supporting more balanced acetone supply and demand dynamics (cents per • Anticipate
Slide 14: Planned Plant Turnarounds
Planned Plant Turnarounds Pre-Tax Income Impact by Quarter (1) Primary Unit 1Q 2Q 3Q 4Q FY Operation • Timing driven by compliance, 2017 -- ~$10M ~$4M ~$20M ~$34M Sulfuric Acid inspection and sustaining asset base 2018 ~$2M ~$10M ~$30M -- ~$42M Ammonia • Critical to supporting high utilization 2019
Slide 15: Reconciliation of Non-GAAP Measures to GAAP Measures
Reconciliation of Non-GAAP Measures to GAAP Measures
Slide 16: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in $ thousands) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment. The Company believes that this metric is useful to investo
Slide 17: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in $ thousands) (2) 2024 includes a pre-tax loss of approximately $1.2 million from the reduction of the Company's anticipated receivable related to the gain on the termination fee recorded upon the exit from the Oben Holding Group S.A. alliance durin
Slide 18: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Reconciliation of Earnings Per Share to Adjusted Earnings Per Share (in $ thousands except share and per share amounts) The Company believes the non-GAAP financial measures included in this presentation provide meaningful supplemental information as they are used by the Company’s management to evalu