Trinseo PLC · OTC:TSEOQ
Trinseo — Q1 2026 Earnings Presentation
12 slides from Trinseo's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Financial Results
1 Trademark of Trinseo PLC or its affiliates First Quarter 2026 Financial Results April 30, 2026
Slide 2: Disclosure Rules
2 Disclosure Rules Disclosure Rules This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not
Slide 3: Summary
3 Summary Q1 2026 Results • Net loss of $116 million and EPS of negative $3.20 included $31 million of pre-tax charges, primarily related to ongoing lender negotiations and asset restructuring programs • Adjusted EBITDA* of $53 million included $6 million of currency losses and was $12 million below
Slide 4: Q1 2026 Sales and Volume Summary
4 Q1 2026 Sales and Volume Summary Q1 Net sales in $millions Q1 Volume variances exclude styrene-related sales First Quarter Volume Drivers: Europe • Lower volumes in polystyrene and paper & board and textile, primarily from competitive pressures • Lower volumes in MMA due to closure of our virgin M
Slide 5: Trinseo Q1 2026 Financial Results
5 Trinseo Q1 2026 Financial Results Net Sales • Adjusted EBITDA* of $53 million was $12 million below prior year due to $26 million of polycarbonate licensing income in the prior year, partially offset by savings from restructuring initiatives in the current year • First quarter results included by
Slide 6: Engineered Materials
6 Engineered Materials • Adjusted EBITDA was $8 million above prior year, mainly driven by: i) savings achieved from the closure of our virgin MMA production facilities in Italy, ii) share gain in PMMA products in Europe and iii) strategic margin expansion initiatives for our surfaces products in No
Slide 7: Latex Binders
7 • Adjusted EBITDA was $8 million below prior year due to weak demand and low margins in paper & board and textile applications mainly in Europe • Sales volumes in CASE and battery binders increased 12% and 80%, respectively, over prior year as we continue to grow our portfolio Latex Binders $197 $
Slide 8: Polymer Solutions
8 Polymer Solutions • Adjusted EBITDA of $24 million was $20 million below prior year primarily due to $26 million of polycarbonate licensing income in the prior year, partially offset by margin improvement from mix • Higher ABS volumes in North America from share gain were offset by lower polystyre
Slide 9: Liquidity (Q1 2026)
9 $107 $5 $2 Liquidity (Q1 2026) Cash and Borrowing Facilities ($ millions) Revolving Credit Facility1 AR Securitization2 Cash3 $114MM Combined Cash and Availability under Committed Facilities4 Liquidity Details: 1. Revolving Credit Facility available funds of $2 million is net of $33 million outsta
Slide 10: Appendix
10 Appendix
Slide 11: Segment Information
11 Segment Information (in $millions, unless noted) Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 2024 2025 Engineered Materials 78 88 74 71 72 76 70 63 72 310 282 Latex Binders 119 111 106 97 98 92 97 93 98 434 380 Polymer Solutions 204 174 167 172 174 165 166 161 162 718 666 Trade Volume*
Slide 12: US GAAP to Non-GAAP Reconciliation
12 US GAAP to Non-GAAP Reconciliation NOTE: For definitions of non-GAAP measures as well as descriptions of current period reconciling items from Net Income (Loss) to Adjusted EBITDA and to Adjusted Net Income (Loss), refer to the accompanying press release furnished as Exhibit 99.1 to our Form 8-K