Slide 1: Our know-how for your safety
OUR KNOW-HOW FOR YOUR SAFETY Nabaltec – a leading supplier of environmentally friendly flame retardant fillers and specialty aluminas
Slide 2: The company in brief
The company in brief REVENUES 2025 EBIT 2025 EBIT margin 2025 (from the total performance) EUR 197.0 MILLION EUR 15.2 MILLION 7.7% SECTOR EMPLOYEES 2025 PRODUCTION EXPORT- SITES RATIO 2025 CHEMICAL INDUSTRY 509 3 % 76.7 EXPORT- RATIO 2025 ABOUT 800 CUSTOMERS IN BUSINESS SINCE 76.7% ABOUT 50 DISTRIBU
Slide 3: Nabaltec operates worldwide
Nabaltec operates worldwide Sites Revenue Breakdown by Region in 2025 9.0% Nabaltec AG Schwandorf, GERMANY Head Office 13.7% 54.0% Naprotec LLC Chattanooga, USA Manufacturing 23.3% EUROPE (WITHOUT GERMANY) GERMANY USA Shanghai USA Nabaltec USA Corp. Nashtec LLC Nabaltec (Shanghai) Trading Co., Ltd.
Slide 4: Product Segments
Product Segments Product segments Functional Fillers Specialty Aluminas 2025 2025 Revenues EUR 144.1 million EUR 53.0 million EBIT margin 10.4% 0.3% Percentage of 72% 28% total revenue Ground hydroxides Oxides Viscosity optimized hydrates Reactive aluminas Product ranges Fine precipitated hydroxides
Slide 5: Process Flow from Bauxite to Specialty Products
Process Flow from Bauxite to Specialty Products Conversion rate: 2 1 Aluminum Smelting** Conversion rate: 65 million t 2.5 1 Bauxite Mining* Alumina Refining* 350 million t 140 million t Conversion rate: 1 1 Raw material suppliers Speciality Alumina + ATH *** 9 million t (as Al2O3 content) 5 * CRU B
Slide 6: Market segments “Functional Fillers“ 2025
Market segments “Functional Fillers“ 2025 Application examples: E&E ▪ HV-/MV-/LV-cables Others ▪ Data cables ▪ Automotive cables Battery ▪ Wind turbine and PV cables 2% Wire & Cable ▪ E-vehicle charging cables 8% ▪ Separator films 12% ▪ Electronic housings and switches 56% ▪ Printed circuit boards 2
Slide 7: Functional Fillers – the growing market for halogen-free flame retardants
Functional Fillers – the growing market for halogen-free flame retardants for cables and plastics Aluminum hydroxides (ATH) Market drivers: Electrification, AI, data centers, infrastructure, renewable energy ▪ Stricter fire and environmental regulations (LSZH, halogen-free) are driving the structura
Slide 8: Functional fillers – Innovative products for e-mobility
Functional fillers – Innovative products for e-mobility Viscosity optimized hydrates Viscosity optimized hydrates are becoming the standard fillers in TIM Market drivers: Thermal management, Adhesives, Gap fillers in lithium-ion batteries ▪ Reduce the risk of overheating ▪ Enable fast charging visco
Slide 9: Functional fillers – Innovative products for e-mobility
Functional fillers – Innovative products for e-mobility Boehmites Boehmite as a functional material for modern battery technology Market drivers: Coating Separator film and edge coating in lithium-ion batteries ▪ Improve thermal stability boehmites ▪ Reduce the risk of short circuits boehmites ▪ Hig
Slide 10: Market segments “Specialty Aluminas“ 2025
Market segments “Specialty Aluminas“ 2025 Application examples: Polishing Adsorbents & Catalysts ▪ Furnace linings ▪ Wear and tear protection E&E ▪ Ballistic ceramics Refractory 9% 9% ▪ Seals 7% 46% ▪ High-voltage insulators 4% Others ▪ Catalysts 25% ▪ Ceramic filters ▪ Polishing materials Technical
Slide 11: Specialty Aluminas - Technical Ceramics Structural Growth
Specialty Aluminas - Technical Ceramics Structural Growth with Potential for Value Appreciation Aluminum oxides / reactive aluminum oxides / ceramic bodies – Specialty Materials for Technical Ceramics ▪ Electrification - a long-term, non-cyclical growth driver → essential for insulation and thermal
Slide 12: Specialty Aluminas - The refractory industry as a pillar of stability in the EU
Specialty Aluminas - The refractory industry as a pillar of stability in the EU despite economic cycles Aluminum oxides / reactive aluminum oxides– Specialty materials for the refractory industry ▪ The steel, cement, and glass industries provide a resilient volume base with little risk of substituti
Slide 13: Market entry barriers & USPs
Market entry barriers & USPs Capital-intensive Energy-intensive Global presence Consistent High quality & innovation reliable level delivery Focus on core competencies Oligopolistic com- Many years of petitive environment technical know-how 13
Slide 14: Sustainability at Nabaltec
Sustainability at Nabaltec Paving the way for a good future today „Through our voluntary VSME reporting, we are committed to greater transparency and sustainability.“ Economics ▪ Reliable business partners and a reliable employer Ecology ▪ Constant optimization of products and processes with a resou
Slide 15: Development of revenues from 2015 to 2025 and first half-year of 2026
Development of revenues from 2015 to 2025 and first half-year of 2026 in EUR million 218.8 200.1 203.6 197.0 187.0 176.7 179.0 168.6 159.2 159.6 151.3 108.6 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 6M/2026 15 CAGR 2015 to 2025 = 2.7%
Slide 16: Development of EBIT from 2015 to 2025 and first half-year of 2026
Development of EBIT from 2015 to 2025 and first half-year of 2026 29.2 24.6** 22.3 18.3 18.5 18.6 18.3 EBIT 15.2 14.5 in EUR million 12.2 6.6 9.5 7.7 10.8 10.4 10.2 13.1 13.1 9.1 10.8 7.7 6.2 EBIT margin in % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 6M/2026 -10.2 -15.9* 16 * 2020: ther
Slide 17: Development of Cashflow from 2015 to 2025 and first half-year of 2026
Development of Cashflow from 2015 to 2025 and first half-year of 2026 in EUR million 35.2 33.2 32.4 26.1 25.9 26.5 24.3 22.3 21.7 21.7 20.1 16.1 14.0 16.5 15.8 Operating cash flow 7.1 2.5 2.0 2.3 3.1 7.0 9.1 Free cash flow 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 6M/2026 -6.7 Cash flow
Slide 18: Profit & Loss Statement Nabaltec Group
Profit & Loss Statement Nabaltec Group in EUR million 6M/2026 6M/2025 Change Revenues 108.6 106.5 1.9% ▪ Revenues in the first half of 2026 were slightly higher than the previous year´s level due to rising demand in the second Total Performance 105.4 106.0 -0.6% quarter. Export ratio at 73.9%. Gross
Slide 19: Nabaltec Q2 2026 Functional Fillers
Nabaltec Q2 2026 Functional Fillers Revenues (EURm) Revenue in the “Functional Fillers” product segment increased by 6.7% compared with the same period last year. 6.7% Continued strong demand for viscosity optimized hydrates, (yoy) along with an increase in revenue in the boehmite product range, 38.
Slide 20: Nabaltec Q2 2026 Specialty Aluminas
Nabaltec Q2 2026 Specialty Aluminas Revenues (EURm) Revenue in the “Specialty Aluminas” product segment 7.4% increased by 7.4% in Q2 2026 compared to the previous year. (yoy) Rising demand across all product ranges in the second quarter of 13.6 13.8 14.6 2026. Q2 25 Q1 26 Q2 26 EBIT (EURm) EBIT sign
Slide 21: Balance Sheet Nabaltec Group
Balance Sheet Nabaltec Group in EUR million 06/30/26 12/31/25 Change ▪ The increase in Property, plant and Intangible assets 1.5 1.6 -6.5% equipment was due to an expanded capital Property, plant and equipment expenditure program and right-of-use assets in the 163.3 150.5 8.5% including rights of us
Slide 22: Cash Flow Statement Nabaltec Group
Cash Flow Statement Nabaltec Group in EUR million 6M/2026 6M/2025 Change Net operating income 13.8 14.6 -5.0% (before changes in working capital) ▪ Cash flow from operating activity was slightly above the previous year´s level. +/- Working capital +10.4 +8.1 28.1% ▪ Positive contribution from change
Slide 23: Outlook 2026
Outlook 2026* ▪ The demand in 2026 will continue to be characterized by short-termism and high volatility. However, the order situation has improved and is now at a higher level. ▪ Nabaltec confirms its forecast for the full year 2026. ▪ Despite the economic and industry-specific environment, the co
Slide 24: 6 good reasons to invest in Nabaltec
6 good reasons to invest in Nabaltec 1▪ Active in global growth markets 2▪ Planning security through strong customer relations 3▪ Established player in niche markets with high entry barriers 4▪ Profiteering from global growth trends 5▪ Solid operating profitability 6▪ Currently attractive valuation
Slide 25: Share
Share ▪ ISIN: DE000A0KPPR7 ▪ 2025 trading volume: average of 5,296 shares per day (2024: 6,459 shares)* Baader Bank: ▪ Add, price target EUR 15.50 (05/2026) NuWays: ▪ Buy, price target EUR 16.00 (07/2026) Edison: ▪ Price target EUR 19.10 (05/2026) Shareholder structure: ▪ 28.51% Heckmann family ▪ 27
Slide 26: Financial calendar
Financial calendar 23. September 2026 Baader Investment Conference 19. November 2026 Publication Quarterly Financial Report (call-date Q3) 19. November 2026 Earnings Call: Q3 2026 Highlights Nov. 2026 Deutsches Eigenkapitalforum 26
Slide 27: Contact
Kontakt Contact Johannes Heckmann (CEO) Günther Spitzer (CFO) Nabaltec AG Alustraße 50 – - 52 52 92421 Schwandorf Deutschland Germany Telefon:++49 Phone: 49 9431 9431 53-202 53-202 Fax: + +49 499431 943153-260 53-260 E-Mail: InvestorRelations@nabaltec.de Version 20 August Version 21. 2026 November 2
Slide 28: Our know-how for your safety
Our know-how for your safety The entire content of this presentation is copyrighted by Nabaltec AG. The content of this presentation may not be modified without the express written permission of Nabaltec AG. Business partners of Nabaltec AG may download, reproduce and distribute for their Nabaltec r