Slide 1: Q1 2025 Earnings
Q1 2025 Earnings May 2025 innospec’>
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. S
Slide 3: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures The information presented in this presentation includes financial measures that are not calculated or presented in accordance with Generally Accepted Accounting Principles in the United States (GAAP). These non-GAAP financial measures comprise adjusted EBITDA, inco
Slide 4: Earnings Conference Call Agenda
Earnings Conference Call Agenda Introduction 1 David Jones - VP, General Counsel Business Commentary 2 Patrick S. Williams - President & CEO Financial Performance 3 Ian Cleminson - Executive Vice President & CFO Questions & Answers 4 Patrick S. Williams and Ian Cleminson ©2025 Innospec Inc. 4
Slide 5: Summary of 1st Quarter Performance
Summary of 1st Quarter Performance Q1 GAAP EPS of $1.31 Overall good results Balance sheet has $299.8 million in net cash Adjusted non-GAAP Excellent growth in EPS of $1.42 Fuels Specialties 10 percent semi-annual offsetting lower results in dividend increase; Performance Chemicals $3.3 million in s
Slide 6: Financial Performance
Financial Performance innospec’>
Slide 7: Q1 2025 Consolidated Results
Q1 2025 Consolidated Results ($ MM) • Revenue down 12 percent • Gross margin down 2.7 percentage points • Operating income down 16 percent • Adjusted EBITDA down 16 percent • Adjusted EPS of $1.42 Q1 2024 Q1 2025 ©2025 Innospec Inc. 7
Slide 8: Q1 2025 Performance Chemicals
Q1 2025 Performance Chemicals ($ MM) • Revenue up 5 percent • Volumes up 5 percent • Price/mix up 3 percent • Gross margin down 2.4 percentage points • Operating income down 6 percent Q1 2024 Q1 2025 ©2025 Innospec Inc. 8
Slide 9: Q1 2025 Fuel Specialties
Q1 2025 Fuel Specialties ($ MM) • Revenue down 4 percent • Price/mix down 2 percent • Gross margin up 1.4 percentage points • Operating income up 10 percent Q1 2024 Q1 2025 ©2025 Innospec Inc. 9
Slide 10: Q1 2025 Oilfield Services
Q1 2025 Oilfield Services ($ MM) • Revenue down 37 percent • No Latin America sales • Gross margin down 6.9 percentage points on weaker sales mix • Operating income down 76 percent • Future quarters will not show the comparable sharp declines from Latin America • Cost management actions in process Q
Slide 11: Q1 2025 Corporate Items
Q1 2025 Corporate Items ($ MM) • Corporate costs down versus prior year on lower performance- related remuneration • Effective tax rate of 26.1 percent Q1 2024 Q1 2025 ©2025 Innospec Inc. 11
Slide 12: Q1 2025 Balance Sheet
Q1 2025 Balance Sheet ($ MM) • Operating cash inflow of $28.3 million • Capital expenditures of $15.5 million • Net cash balance $299.8 million Q4 2024 Q1 2025 ©2025 Innospec Inc. 12
Slide 13: Concluding Comments
Concluding Comments innospec’>
Slide 14: Summary of 1st Quarter Performance
Summary of Good overall results; Benefiting from balanced business portfolio Excellent growth in Fuels Specialties offsetting lower results in 1 Quarter st Performance Chemicals and Oilfield Services Performance Diversified supply-chain and regional manufacturing locations positioned to manage the d
Slide 15: Q&A
Q&A 5/8/2025 ©2025 Innospec Inc.
Slide 16: Final Comments
Final Comments August 2025 Sun Mon Tue Wed Thu Fri Sat 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Thank You for Your 17 24 18 25 19 26 20 27 21 28 22 29 23 30 Continued Support Q2 2025 Results Schedule • August 5th – Results Release After Close • August 6th – Conference Call ©2025 Innospec Inc. 16