Slide 1: 1Q 2025 Earnings Presentation
May 2, 2025 1Q 2025 Earnings Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or
Slide 3: Overview
Overview Well Positioned as an American Manufacturer of Essential Chemistries ✓ Operational tailwinds and insurance proceeds support higher 1Q25 results 1Q25 Sales – 1Q25 Net Income of $23M, EPS of $0.86, Cash Flow from Operations of $11M $378M – Improved operational performance compared to prior ye
Slide 4: 1Q 2025 Financial Summary
1Q 2025 Financial Summary Top and Bottom-Line Growth Driven by Improved Operational Performance ($M, except per share amounts) Sales Adjusted EBITDA Adjusted Diluted EPS Free Cash Flow +12% +$51 +$1.49 +$49 $337 $378 $52 $0.93 ($23) $1 ($72) ($0.56) 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 Adjusted 0
Slide 5: 1Q 2025 Adjusted EBITDA Bridge
1Q 2025 Adjusted EBITDA Bridge Operational Performance, Higher Volume and Insurance Proceeds Partially Offset By Unfavorable Net Pricing Over Raws ($M) • Final omnibus settlement proceeds are an offset to COGS • Absence of prior year operational disruption • Driving cost productivity $26 and reducti
Slide 6: Capital Expenditures
Capital Expenditures Disciplined and Value Accretive Investments to Support Long-Term Potential Capex Framework Deployment by Year** ($M) • Supporting safe, stable and sustainable operations H$123 e a l t h y B$120-$130 alance Sheet and • Sustaining maintenance on average $75-$90M per year P r u d e
Slide 7: Plant Nutrients Update
Plant Nutrients Update Industry Pricing Outlook Considerations Continued Strong AS Premium Over Urea; Higher Natural Gas • Backdrop of robust domestic planting season – strong sulfur nutrition demand and tight and Sulfur Costs North American ammonium sulfate supply supporting sulfur premiums at or n
Slide 8: Nylon Solutions Update
Nylon Solutions Update Industry Spreads Outlook Considerations Global Oversupply Conditions Pressuring Pricing • Navigating a more protracted downturn in the cycle – global oversupply conditions impacting industry pricing dynamics 1200 ($/MT) • North American nylon demand remains stable amid highly
Slide 9: Chemical Intermediates Update
Chemical Intermediates Update Industry Pricing Outlook Considerations Lower Global Operating Rates Persist, Higher Propylene Input Costs • Soft start to the year particularly in the large buyer segment • Acetone demand expected to modestly improve in 2Q25 following completion of (cents per downstrea
Slide 10: Our Position As A Diversified Chemistry Company
Our Position As A Diversified Chemistry Company Long U.S. Manufacturing, Supply Chains and Energy; Diverse End Market Exposure Sales by Region* Sales by End Market* Direct Raw Material Spend* EMEA: 2% Asia: 1% Coatings, Other: 11% Adhesives Other LatAm/Canada:11% Packaging Sulfur: 6% Ag / Fertilizer
Slide 11: Appendix
AovanSix APPENDIX Good chemistry,
Slide 12: Planned Plant Turnarounds
Planned Plant Turnarounds Pre-Tax Income Impact by Quarter (1) Primary Unit 1Q 2Q 3Q 4Q FY Operation 2017 -- ~$10M ~$4M ~$20M ~$34M Sulfuric Acid • Timing driven by compliance, inspection and sustaining asset base 2018 ~$2M ~$10M ~$30M -- ~$42M Ammonia 2019 -- ~$5M ~$5M ~$25M ~$35M Sulfuric Acid • C
Slide 13: Reconciliation of Non-GAAP Measures to GAAP Measures
Reconciliation of Non-GAAP Measures to GAAP Measures
Slide 14: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in $ thousands) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment. The Company believes that this metric is useful to investo
Slide 15: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in $ thousands) (2) Adjusted EBITDA margin is defined as Adjusted EBITDA divided by Sales The Company believes the non-GAAP financial measures included in this presentation provide meaningful supplemental information as they are used by the Company’s
Slide 16: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Reconciliation of Earnings Per Share to Adjusted Earnings Per Share (in $ thousands except share and per share amounts) The Company believes the non-GAAP financial measures included in this presentation provide meaningful supplemental information as they are used by the Company’s management to evalu