Slide 1: Investor Presentation
Investor Presentation Fast-forwarding Energy & Digital Transformation Technologies TSX: NEO.TO | May 9, 2025
Slide 2: Disclaimer
Investor Presentation • 2 Disclaimer Forward-Looking Information Non-IFRS Financial Measures The following presentation contains “forward-looking information” within the meaning of applicable securities laws in Canada. This presentation refers to certain specified financial measures, including non-I
Slide 3: Navigating Neo's business units and applications
About Why Value Quarterly Investor Presentation • 3 Financials Leadership Neo Invest Creation Highlights Navigating Neo’s business units and applications Magnequench (MQ) Chemicals & Oxides (C&O) • Rare earth magnetic • Rare earth midstream powders separation • Rare earth bonded • Specialty mixed ma
Slide 4: Neo is… Fast Forwarding Critical Technologies
About Why Value Quarterly Investor Presentation • 4 Financials Leadership Neo Invest Creation Highlights By the Numbers Neo is… • A global leader in energy-saving permanent magnets and critical materials, with established technologies and geographically diverse midstream and downstream Revenue by Se
Slide 5: Strategic collection of assets and 30+ years of rare earth magnetics
About Why Value Quarterly Investor Presentation • 5 Financials Leadership Neo Invest Creation Highlights Electric Vehicles AI / Semi- China’s strong position (incl. Traction conductors / Motors) in rare earth processing and magnetics Computer Power today creates uncertainty around the global supply
Slide 6: 1. Macro Trends Driving Strong Growth in Neo's Products
About Why Value Quarterly Investor Presentation • 6 Financials Leadership Neo Invest Creation Highlights New Energy Vehicle 1. Macro Trends Driving Strong Growth in Neo’s Products Permanent Magnets for Magnets Critical Traction Motor (both Sintered Materials and HREE-Free Bonded) EV & Energy Transit
Slide 7: 2. Geopolitical Forces & Public Policy Tailwinds
About Why Value Quarterly Investor Presentation • 7 Financials Leadership Neo Invest Creation Highlights 535K Global Forecasted Demand 2. Geopolitical Forces & Public Policy Tailwinds (Mt of NdFeB Magnets) Neo’s global presence and parallel supply chain uniquely position it to Fast-Growing Demand Dr
Slide 8: 3. Unique Asset Base & Technical Expertise
About Why Value Quarterly Investor Presentation • 8 Financials Leadership Neo Invest Creation Highlights 3. Unique Asset Base & Technical Expertise Why Neo is Best Positioned to Win Leading Market Positions Across Multiple End Markets Select End Markets NEO Differentiation Extensive and profitable t
Slide 9: Delivering Growth & Capital Returns to Shareholders
About Why Value Value Quarterly Investor Presentation • 9 Financials Leadership Neo Invest Creation Creation Highlights Delivering Growth & Capital Returns to Shareholders Neo is strategically positioned to capitalize on mega-trends and the growing demand for secure critical materials supply chains
Slide 10: 1. Financial Strength & Resilience
About Why Value Value Quarterly Investor Presentation • 10 Financials Leadership Neo Invest Creation Creation Highlights 1. Financial Strength & Resilience ADJUSTED EBITDA(1): Q1 2025 Adjusted EBITDA(1) grew ~ 60% y-o-y Strong Balance Sheet Robust Cash Flows (LTM) $77M Cash $(1)M Change in Working T
Slide 11: 2. Strong Growth Prospects in Permanent Magnets
About Why Value Value Quarterly Investor Presentation • 11 Financials Leadership Neo Invest Creation Creation Highlights 2. Strong Growth Prospects in Permanent Magnets Permanent Magnet Market Size in Europe and US (US$) of permanent magnets >90% made in China Chinese + Export ban on permanent magne
Slide 12: European Permanent Magnet Facility
European Permanent Magnet Facility One of the most important critical materials projects in Europe and among a select few globally Strategically positioned to meet growing demand for localized supply chains in EVs, robotics, and other 12 critical technologies Remains firmly on track, both on time an
Slide 13: Magnet Delivery to Tier 1 Customer in April 2025
Magnet Delivery to Tier 1 Customer in April 2025 Produced and shipped over 18,000 sintered magnet pieces as initial samples The magnets are EV traction motor grade and represent an important technical milestone Production part approval process is scheduled for the first half of 2026, with mass produ
Slide 14: Current commercialized rare earth value chain, outside of China
About Why Value Value Quarterly Investor Presentation • 14 Financials Leadership Neo Invest Creation Creation Highlights 2. Strong Growth Prospects: Current commercialized rare earth value chain, outside of China Neo has one of the most integrated presence in the value chain with non-captive assets:
Slide 15: NAMCO - Emissions Control Catalysts
About Why Value Value Quarterly Investor Presentation • 15 Financials Leadership Neo Invest Creation Creation Highlights 2. Strong Growth Prospects: NAMCO - Emissions Control State-of-the-art environmental emissions control catalysts production facility in China Catalysts Highlights Relocated faci
Slide 16: Other Critical Materials
About Why Value Value Quarterly Investor Presentation • 16 Financials Leadership Neo Invest Creation Creation Highlights Aerospace | Superalloys Hf Ta 2. Strong Growth Prospects: Other Critical Materials Superalloys Nuclear Space Superalloys “Over the next 20 years Neo’s rare metals are critical, su
Slide 17: 3. Execution: Delivering on Commitments
About Why Value Value Quarterly Investor Presentation • 17 Financials Leadership Neo Invest Creation Creation Highlights 3. Execution: Delivering on Commitments PROMISE MADE, PROMISE KEPT FUTURE DELIVERY April 2023 December 2023 August 2024 August 2024 September 2024 2025 and Beyond SCALABILITY OPER
Slide 18: Quarterly Updates & Financials
Quarterly Updates & Financials
Slide 19: Q1 2025 Highlights
About Why Value Quarterly Investor Presentation • 19 Financials Leadership Neo Invest Creation Highlights Q1 2025 Highlights Adjusted EBITDA(1) above expectations and 2025 Guidance Unchanged • ~$17 million Q1 2025 Adjusted EBITDA(1) (~60% YoY increase) • 2025 Adjusted EBITDA(1) guidance unchanged at
Slide 20: Positioned to Win With Diversified, Parallel Supply Chains Amid Shifting Geopolitics
Positioned to Win With Diversified, Parallel supply Chains Amid Shifting Geopolitics Strategic Advantage Shifting Geopolitics: Neo is a net U.S. Tariffs beneficiary of shifting geopolitics due to our regionally diversified, vertically integrated model. Assessment(1) Potential Exposure Clear Differen
Slide 21: Positioned to Win With Diversified, Parallel Supply Chains (Cont'd)
Positioned to Win With Diversified, Parallel supply Chains Amid Shifting Geopolitics (Cont'd) Unique Magnet Advantage: Neo is the only company Export Controls globally with a heavy-rare-earth-free magnet already in use for EV traction motors with Honda and Daido. Proven Resilience to Export Controls
Slide 22: Capital Projects & Outlook
About Why Value Quarterly Investor Presentation • 22 Financials Leadership Neo Invest Creation Highlights Capital Projects & Outlook Capital Spend Requirements Source of Cash Targets & Outlook for 2025 Emissions Control Catalyst Facility Relocation Cash On Hand Strategic Targets Grand opening Sept 2
Slide 23: Consolidated Financial Statements
About Why Value Quarterly Investor Presentation • 23 Financials Leadership Neo Invest Creation Highlights Consolidated Financial Statements Income Statement Selected Data Shareholder Capital Returns Q-over-Q Year-over-Year Q-over-Q Year-over-Year Comparison Comparison Comparison Comparison US$ 000s
Slide 24: Financial Performance by Business Unit
About Why Value Quarterly Investor Presentation • 24 Financials Leadership Neo Invest Creation Highlights Financial Performance by Business Unit Magnequench Q-over-Q Comparison Year-over-Year Comparison Quarter Highlights: • For the quarter, sales volumes increased by 7.3% year-over-year, largely du
Slide 25: Board of Directors: Independent Directors
About Why Value Quarterly Investor Presentation • 25 Financials Leadership Neo Invest Creation Highlights Board of Directors: Independent Directors Neo’s Board is comprised of current & former senior executives, with backgrounds in law, government, accounting, finance, material science, and rare ear
Slide 26: Executive Management
About Why Value Quarterly Investor Presentation • 26 Financials Leadership Neo Invest Creation Highlights Executive Management Neo’s Executive team is comprised of experienced executives in general management, finance, operations, sales & marketing, law, and engineering Rahim Suleman Jonathan Baksh
Slide 27: Corporate Headquarters
Performance Materials Corporate Headquarters Suite 1740, 121 King Street West Toronto, Ontario, Canada, M5H 3T9 (416) 367 8588 For further investor Follow us on: information and company updates: Irina Kuznetsova Director, Investor Relations ir@neomaterials.com