Slide 1: First Quarter 2026 Earnings Presentation
First Quarter 2026 Earnings Presentation Enabling Technology. Growing Sustainably.
Slide 2: Legal Notices
Legal Notices SAFE HARBOR Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statement
Slide 3: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results Constant Currency* Organic* ($ in millions) Q1 2026 Q1 2025 YoY YoY YoY Net Sales $840 $594 41% 37% 10% Electronics 634 394 61% 57% 15% Specialties 207 199 4% (1)% 1% Diluted EPS $0.23 $0.40 Adjusted EBITDA* $162 $128 26% 21% Net Sales ex-Metals 584 492 % margin1
Slide 4: First Quarter 2026 Segment Details
First Quarter 2026 Segment Details Electronics Net Sales Organic Key Drivers ($ in millions) Growth* Continued demand for high reliability alloy-based paste in data center applications and Assembly $326 12% ongoing strength in high-end smartphone markets Circuitry $146 17% Acceleration in high layer
Slide 5: Balance Sheet and Cash Flow Considerations
Balance Sheet and Cash Flow Considerations Key Cash Flow Items Balance Sheet Management ▪ Q1 2026 free cash flow* of $(74) million ▪ Pro Forma Net debt to adjusted EBITDA ratio* of 3.1x on an LTM basis (including Micromax and EFC earnings) as o More than $160M invested in working capital of March 31
Slide 6: Full Year 2026 Financial Guidance
Full Year 2026 Financial Guidance Updated as of April 2026 FY Adjusted EBITDA* $665 million to $685 million1 FY Adjusted EPS* High teens year-on-year growth rate ▪ Expect Q2 Adjusted EBITDA* in the range of $155 million to $170 million Additional ▪ FY 2026 FX tailwind still positive but approximatel
Slide 7: Appendix
Appendix Enabling Technology. Growing Sustainably.
Slide 8: Reconciliation to Adjusted Share Counts
Reconciliation to Adjusted Share Counts (amounts in millions) Q1 2026 Q1 2025 Basic common shares outstanding 244 243 Number of shares issuable upon vesting of granted Equity Awards 1 4 2 Adjusted common shares outstanding 247 245 Note: Totals may not sum due to rounding 1. Equity awards with target
Slide 9: Net Income Reconciliation to Adjusted EBITDA
Net Income Reconciliation to Adjusted EBITDA ($ millions) Q1 2026 Q1 2025 Net income $56 $98 Add (subtract): Income tax expense 27 18 Interest expense, net 22 14 Depreciation expense 15 10 Amortization expense 28 27 EBITDA 147 167 Adjustments to reconcile to Adjusted EBITDA: Inventory step-up 3 — Re
Slide 10: Net Income Reconciliation to Adjusted EPS
Net Income Reconciliation to Adjusted EPS ($ millions, except per share amounts) Q1 2026 Q1 2025 Net income $56 $98 Net income attributable to non-controlling interests (0) — Reversal of amortization expense 28 27 Adjustment to reverse incremental depreciation expense from acquisitions and facility
Slide 11: Net Debt to Adjusted EBITDA Ratio Reconciliation
Net Debt to Adjusted EBITDA Ratio Reconciliation on a Trailing Twelve Month Basis ($ millions) LTM Q1 YTD 2026 Q2 2025 Q3 2025 Q4 2025 2026 Net income $56 $48 $39 $6 $149 Add (subtract): Income tax expense 27 16 16 25 84 Interest expense, net 22 13 13 13 61 Depreciation expense 15 10 10 11 46 Amorti
Slide 12: Organic Net Sales Growth Reconciliation
Organic Net Sales Growth Reconciliation Three Months Ended March 31, 2026 Change in Pass- Reported Net Constant Acquisitions & Organic Net Sales Impact of Currency Through Metals Sales Growth Currency Divestitures Growth Pricing Electronics 61% (4)% 57% (26)% (16)% 15% Specialties 4% (5)% (1)% —% 3%
Slide 13: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation ($ millions) Q1 2026 Q1 2025 Cash flows from operating activities ($67) $26 Capital expenditures (25) (11) Proceeds from disposal of property, plant and equipment — 0 Adjustments 18 15 Free cash flow ($74) $30 Note: Totals may not sum due to rounding 13
Slide 14: Non-GAAP Definitions
Non-GAAP Definitions Adjusted Earnings Per Share (EPS): Adjusted EPS is a key metric used by management to measure operating performance and trends as management believes the exclusion of certain expenses in calculating adjusted EPS facilitates operating performance comparisons on a period-to-period