Orion S.a. · NYSE:OEC
Orion — Wells Fargo 2025 Industrials & Materials Conference
14 slides from Orion's conference presentation, Jun 11, 2025
Slide 1: Fireside Chat - June 11, 2025
orton Fireside Chat - June 11, 2025 Jeff Glajch - Chief Financial Officer : Pedro Riveros — SVP, GM Global Rubber & Americas WELLS FARGO 2025 Industrials & Materials Conference
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statement This presentation contains and refers to certain forward-looking statements with respect to our financial condition, results of operationsand business, These statements constitute forward-looking statements within the meaning of Section 21£ of the
Slide 3: Engineered Carbons: Ubiquitous and Essential Chemistry
Engineered Carbons: Ubiquitous and Essential Chemistry Wire & Cable/Conductivity Vr Optimize Physical, Electrical and Optical Properties Versatile and Customizable : 3
Slide 4: About Orion
About Orion Year Founded oooo So00 So00 Countries Served &S 80+ Functional Capacity & ~1,150 kmt Employees (itt ~1,600+ = Production Facilities fal 15 Customer Profile: Approaching ~1,000 Average customer relationship of 30 to 40+ years * Note: Full Year 2024 oo Fae a s (a) -“0 ae -e0 e@———s as e °€
Slide 5: Rubber Carbon Black Net Sales Volume
NET SALES VOLUME BY REGION BY MARKET Rubber Carbon Black Business Profile 8 Ot 26s OS ve es of Tota Revenues 5 ¥. EMEA Americas m Asia. =MRG Replacement Tire "OEM Tire * Best estimates for end market shares Global #3 Player. Thought leader on need for return on capital, re-investment pricing levels.
Slide 6: Specialty Carbon Black Net Sales by Volume
ee H eee ereeee, NET SALES BY VOLUME BY REGION APPLICATION — ——s 246 kmt EMEA m Americas Asia = Automotive Polymer (non-auto) = Printing & Coatings (non-auto) = Special Apps (non-auto) Global leader in Specialty Carbon Black. Engineering materials for diverse end market profile: Conductivity (batter
Slide 7: Strong Foundation
Strong Foundation Record of Significant Accomplishments & 6) Structural changes $500M Mid drive improved Cycle EBITDA price and terms capacity in 2026 ee mall Investing and innovating in Consistent Adjusted sustainable solutions to drive EBITDA & EPS with Orion's long-term growth growth Total Sales
Slide 8: Value Proposition
Value Proposition Investment Thesis a) ONGOING, RECURRING DEMAND FOR CARBON BLACK PRODUCTS GLOBALLY provides an attractive opportunity to expand, and leverage solid foundation er DISCIPLINED CAPITAL ALLOCATION STRATEGY balances funding growth, the return of capital via buybacks, and increasingly deb
Slide 9: High Level 2024 Commentary
High Level 2024 Commentary Set-Up Into 2025 PLATINUM [SRT ecovadis UCDP Sustainability Rating Discloser FEB 2024 2024 ISCC International Sustainability & Carbon Certification Finished 2024 Above $300M EBITDA Third Consecutive Year, Despite ~2% Years of PMI Contraction In Western Markets Achievement:
Slide 10: New Trade Paradigm and Tariff Discussion
New Trade Paradigm and Tariff Discussion New Trade Paradigm Assessment Import market Tariff advantaged US & EU tires oe carbon black End-Product Us carbon black End-Product Export market | Import market Tariff worst case Export market Current targeted automotive tariffs are positive for Orion Less i
Slide 11: N.A. Tire Industry Production Capacity to 2030
N.A. Tire Industry Production Capacity to 2030 N.A. Tire Production Capacity (MM Units) “| | 2025 2026 2027 2028 2029 2030 Growth of 54 million tires/yr in N.A. production capacity from 2025 to 2030 (3.3% CAGR) Current Announcements of N.A. Tire Production Investments - Through End of Decade BRIDGES
Slide 12: Self Help
Self Help Rubber Contracts: Additional Mandates, Positioned For Upside Cost Reductions Essentially Complete Resolved Operational/Ramp Challenges in China Maintenance > Reduce Unplanned Plant Downtime Factors In Enhancing Specialty Our Control Mix Uplift - Debottlenecked Differentiated Grades Allocat
Slide 13: Free Cash Flow Remains in Focus
Free Cash Flow Remains in Focus Significant FCF Inflection 2025-2026E ————) FY 2024 - 2026E ($ in millions) 2024A 2025E 2026E Adjusted EBITDA $302 — $270-$310 — Higher Working Capital, Other (21) 0-10+ NA Cash Interest Exp. (49) (45 - 50) flat Cash Taxes (63) (35 - 40) flat or higher Maintenance Cap
Slide 14: Fireside Chat
orion Fireside Chat - June 11, 2025 ee ii Glajch - Chief Financial Omer Pedro Riveros — ‘SVP GM Global Rubber & Americas WELLS FARGO ~~ D chit Kapsch=VP In est Relations . Teivncsaheateserobaercobone com ) - ‘ ae ' * ) 2025 Industrials & Materials Conference
Orion — Wells Fargo 2025 Industrials & Materials Conference on 6ix