Balchem Corporation · NASDAQ:BCPC
Balchem — Q1 2026 Earnings Presentation
34 slides from Balchem's earnings presentation, Apr 30, 2026
Slide 1: Investor Presentation Q1 2026
Investor Presentation Q1 2026. 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement • During the course of this presentation, management may make forward-looking statements regarding financial performance and future events. • These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "foreca
Slide 3: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 3
Slide 4: Q1 Key Takeaways
Q1 Key Takeaways Balchem continues to deliver strong growth +8.1% 1. Strong financial performance with record first quarter sales and earnings along with strong cash flows Q1 Sales vs. PY 2. All three business segments continued to deliver solid growth +12.1% on the top and bottom lines Q1 Adj. EBIT
Slide 5: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 5
Slide 6: Balchem Corporation At a Glance
Balchem Corporation At a Glance BCPC NASDAQ 2025 Sales $1.0 Billion Approximate number of employees 1,400 2025 Adjusted EBITDA $275 Million Founded in 2025 Adjusted EBITDA margin 1967 26.5% 6
Slide 7: Three Business Segments – 2025 Revenue
Three Business Segments – 2025 Revenue Human Nutrition & Health Animal Nutrition & Health Specialty Products Human Nutrition & Health Animal Nutrition & Health Specialty Products 64% 22% 14% Provides a range of branded specialty Supplies science-based animal feed Provides critical sterilization tech
Slide 8: Balchem Corporation
Balchem Corporation Balchem develops, manufactures, and markets specialty ingredients that help make the world a healthier place. Corporate Headquarters: Montvale, NJ 22 Manufacturing Sites 8 Technology Centers 8 Regional Offices 8
Slide 9: Executive Leadership
Executive Leadership Ted Harris Chairman, President, and CEO • Joined Balchem in May 2015 • Prior to Balchem was a Senior VP of Ashland Inc. where he held a series of senior leadership roles over 10+ years • Independent director on the Board of Directors of Pentair plc • MBA from Harvard University
Slide 10: Value Proposition
Value Proposition Technologies Value to our customers • High efficacy nutrients essential for life • Enhanced animal health and feed productivity • Functional ingredient systems formulations and applications expertise • Crop protection and yield improvement • Complete supply chain capabilities and a
Slide 11: Segment Overview
Segment Overview Leveraging Solutions Across Segments Segment Markets Served Solutions 14% Human Nutrition • Nutritional Supplements • Microencapsulation 2025 & Health • Sport & Active Nutrition • Choline and Vitamin K2 22% Revenue • Infant and Toddler Formula • Chelated Minerals by • Healthy Snacki
Slide 12: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 12
Slide 13: Our Vision, Mission and Core Values
Our Vision Our Mission is clear – to make is focused – to build a global the world a healthier nutrition and health company place. delivering trusted, innovative and science-based solutions to our customers. Our Core Values Always Collaborating Playing Staying Doing the and Growing to and Acting on
Slide 14: How Do We Make the World a Healthier Place?
How Do We Make the World a Healthier Place? Provide food, beverage, and Improve nutrient bioavailability Support prenatal, infant, and Help farmers grow crops that Provide nutritious foods for dietary supplement ingredients for animals, reducing feed inputs toddler health with targeted are hardier w
Slide 15: Strategic Focus
Strategic Focus 01 02 03 04 Strengthening Driving Organic Strategic M&A Excellence in Positions in Attractive, Growth Execution Growing Markets Building scale, adding Creating new demand Augmenting organic Maintaining a strong adjacent capabilities, through innovation, market growth and accelerating
Slide 16: Growth Platforms
Growth Platforms Multiple Platforms to Drive Growth Above Market Growth Nutrient Delivery Geographic Systems For The Specialty Products Specialty Expansion Dairy Market Nutrients Metalosate® plant micro- nutrient market penetration Expansion into under- Science-backed Rumen-bypass precision served g
Slide 17: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 17
Slide 18: Q1 2026 Financial Summary
Q1 2026 Financial Summary Strong sales and profit growth in the first quarter Sales Adj. EBITDA Adj. Net Earnings Adj. EPS $M $M $M $/share 8.1% 12.1% 7.4% 9.0% 43.0 1.33 270.7 74.3 40.0 250.5 1.22 66.3 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 Strong growth in all three Driven by sales growth
Slide 19: Historical Financials
Historical Financials Consistent performance over the years Sales +8.1% Adj. EBITDA $M CAGR 1,037 $M +9.6% 954 CAGR 275 942 922 250 799 231 216 704 190 174 271 74 2020 2021 2022 2023 2024 2025 Q1 2026 2020 2021 2022 2023 2024 2025 Q1 2026 Adj. Net Earnings Adj. EPS $M $/share +9.3% 168 CAGR +9.2% 14
Slide 20: Capital Allocation Strategy
Capital Allocation Strategy Capital Allocation Priorities Annual Cash Flow and Net Debt Leverage Ratio • Support organic growth opportunities • Augment growth with targeted M&A • Diligent debt service 220 217 • Continue to pay and grow dividend 1.7 184 1.6 182 • Stock buy-backs for anti-dilution 161
Slide 21: Free Cash Flow Conversion
Free Cash Flow Conversion Translating profits into cash Free Cash Flow as % of Non-GAAP Net Earnings 116% 109% 107% 105% 103% 103% 103% 102% 102% 93% 100% 69% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 TTM* * TTM: Trailing Twelve Months 21
Slide 22: Recent Acquisitions
Recent Acquisitions Augmenting Organic Growth with Targeted Acquisitions Close to Core Kappa Bioscience • Portfolio extension in high growth specialty vitamin market • Vitamin K2 and MK-7 Albion Minerals Bioscreen • Adjacent product offering • Geographic expansion and Bergstrom Nutrition in high gro
Slide 23: Dividends
Dividends Consistent dividend policy Annual double-digit +10.9% CAGR 0.96 dividend growth for the last decade 0.87 0.79 0.71 0.64 0.58 ($/share) 0.47 0.52 Consistency in 0.34 0.38 0.42 execution 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 23
Slide 24: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 24
Slide 25: Recent Sustainability Progress
Recent Sustainability Progress Making the world a healthier place Scope 3 Learn more 8th about our sustainability GHG emissions successfully programs: measured and reported sustainability report released in April 2026 5th anniversary of UN Global Compact Surpassed our 2030 GHG emissions reduction go
Slide 26: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 26
Slide 27: Balchem Summary
Balchem Summary A global nutrition and health company delivering trusted, innovative and science-based solutions to our customers Leading positions Creating new Strong financial Proven track in attractive demand through performance, record and markets innovation delivering healthy well positioned ma
Slide 28: Agenda
Agenda 01 Q1 2026 Key Takeaways 05 Sustainability 02 Balchem Overview 06 Wrap Up 03 Vision and Strategic Focus 07 Appendix GAAP to Non-GAAP reconciliations 04 Financial Performance & Capital Allocation 28
Slide 29: Non-GAAP Financial Information
Non-GAAP Financial Information In addition to disclosing financial results in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this presentation contains non-GAAP financial measures that we believe are helpful in understanding and comparing our past financial per
Slide 30: Non-GAAP Financial Information
Non-GAAP Financial Information 30
Slide 31: Non-GAAP Financial Information
Non-GAAP Financial Information 31
Slide 32: Non-GAAP Financial Information
Non-GAAP Financial Information 32
Slide 33: Non-GAAP Financial Information
Non-GAAP Financial Information (1) Amortization of intangible assets and finance leases: Amortization of intangible assets and finance leases consists of amortization of customer relationships, trademarks and trade names, developed technology, regulatory registration costs, patents and trade secrets
Slide 34: Balchem – Solve Today. Shape Tomorrow.
bailchem lve Today. Shape Tomorrow.