Slide 1: Investor Presentation
Investor Presentation June 2026| NASDAQ: HDSN RECLAIMED ON-SITE REFRIGERANT REFRIGERANT END-OF- REFRIGERANT SERVICE LIFE MANAGEMENT
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Slide 3: Nationwide Presence
NATIONWIDE PRESENCE 35-year proven track record One of the largest reclaimers in the U.S. developing refrigerant lifecycle Handles >300,000 cylinders per year solutions & services Champaign, Illinois 40+ facilities & stocking points 3 Ontario, California Atlanta, Georgia carbon neutral reclamation f
Slide 4: Uniquely Positioned in the Market
UNIQUELY POSITIONED IN THE MARKET Unparallelled Nationwide Sales Network ➢ Large Two-Step Network of Wholesale distributors ➢ Extensive Direct to Consumer Network of contractors, supermarkets, chemical plants, data centers, etc…. One of Largest Used Refrigerant Recovery and Reclamation Operators ➢ R
Slide 5: Refrigerant Life Cycle Management: Sales, Service, Buyback
Our commitment to environmental stewardship Service Sales is core to everything we do. We provide environmentally sustainable refrigerant Life Cycle Management solutions including: Reclaim Buyback ➢ Selling an extensive mix of virgin and reclaimed refrigerants ➢ Recover and reclaim used refrigerants
Slide 6: Comprehensive Product Selection
COMPREHENSIVE PRODUCT SELECTION CURRENTLY IN PROCESS OF 3RD EPA REFRIGERANT PHASE DOWN ➢ Our broad refrigerant portfolio includes: • Legacy CFCs (Freon): 1st EPA Phasedown • HCFCs: 2nd EPA Phasedown • HFCs: Current and 3rd EPA Phasedown • HFOs: Next Generation Lower GWP Refrigerant ➢ EMERALD Refrige
Slide 7: Strategically Positioned in Refrigerant Supply Chain
STRATEGICALLY POSITIONED IN REFRIGERANT SUPPLY CHAIN Longstanding and Diverse Customer Relationships • Industrial Facilities • Residential Homes Direct to • OEMs Direct to • Light Commercial • 24/7 Cooling Needs Wholesalers Customers Buildings - Supermarkets - Chemical & Mfg Plants Wholesaler & End
Slide 8: Hudson Is Strategically Positioned to Benefit as the Market Expands
A LEADER IN U.S. REFRIGERANT RECOVERY AND RECLAMATION ➢ Ability to recover and reclaim all types of refrigerants ➢ HDSN is one of a small group of companies with both recovery and HUDSON IS reclamation capabilities STRATEGICALLY ➢ Diverse circular customer POSITIONED TO network provides HDSN signifi
Slide 9: Industry Transitioning to Lower GWP Refrigerants
INDUSTRY TRANSITIONING TO LOWER GWP REFRIGERANTS Climate Directed Evolution Driving Refrigerant Industry Phase Outs AIM Act Phased Out 1996 Phased Out 2019 Current Phase Down Next Generation CFC HCFC HFC HFO Hudson has played Chlorofluorocarbons Hydrochlorofluorocarbons Hydrofluorocarbons Hydrofluor
Slide 10: AIM Act Mandates Virgin HFC Consumption Phasedown
AIM ACT MANDATES VIRGIN HFC CONSUMPTION PHASEDOWN; DRIVING DEMAND FOR RECLAIMED HFCs EPA Implementing Unprecedented Virgin Refrigerant Step Down Baseline allowances will be reduced 85% by 2036 10
Slide 11: Pursuing Strategic Relationships
PURSUING STRATEGIC RELATIONSHIPS ➢ Attractive contractor economics; ➢ Enabling the reduction of Hudson pays contractors for waste and greenhouse gas recovered refrigerant emissions OEM Contractor ➢ Increasing contractor awareness ➢ Agreements with Lennox and Partnerships Strategy on efficient recove
Slide 12: Innovative Reclamation & Recovery Pilots Underway
INNOVATIVE RECLAMATION & RECOVERY PILOTS UNDERWAY DC Sustainable Energy ➢ Establishes first recovery & reclamation pilot in Washington, D.C. Utility (DCSEU) ➢ HDSN ➢ Provides HVAC contractors recovery training ➢ Supplies storage containers; ➢ Covers shipping and logistics; ➢ Offers financial incenti
Slide 13: Hudson's Opportunity: Bridging the Supply Gap
HUDSON’S OPPORTUNITY: BRIDGING THE SUPPLY GAP Current State Hudson’s Opportunity ➢ U.S. currently has an installed base of ~100 ➢ Bridge the gap in HFC supply and demand with million Stationary HFC units with 15+ years of reclaimed refrigerant remaining useful life ➢ Build on reclaimed HFC refrigera
Slide 14: Servicing of Chillers, Industrial Cooling, & Commercial Refrigeration Equipment
SERVICING OF CHILLERS, INDUSTRIAL COOLING, & COMMERCIAL REFRIGERATION EQUIPMENT BUILD UPON OUR ESTABLISHED REPUTATION FOR SERVICE EXPERTISE AND RELIABILITY ➢ Preventive and Emergency Response Services • Leverage established reputation for service expertise and reliability to win new customers ➢ Sepa
Slide 15: Proprietary On-Site Refrigerant Equipment Services
PROPRIETARY ON-SITE REFRIGERANT EQUIPMENT SERVICES The ZugiBeast®, is a unique, portable reclamation system for on site refrigerant equipment service ➢ FASTEST portable reclamation equipment in the market ➢ ONLY reclamation equipment that can go through a standard doorway into industrial settings ➢
Slide 16: Three Pillars Capital Allocation Strategy
THREE PILLARS CAPITAL ALLOCATION STRATEGY Organic Growth Acquisitions Share Repurchase 16
Slide 17: Recent Strategic Acquisitions
RECENT STRATEGIC ACQUISITIONS USA Refrigerants- June 2024 Refrigerants Inc.- December 2025 ➢ Long-term purchasing relationships with ➢ Accretive acquisition expands HDSN’s ACCA members and other industry groups market presence and access to repeatable sources of recovered refrigerant in the ➢ Extens
Slide 18: Financial Snapshot
FINANCIAL SNAPSHOT Long-Term Revenue Performance De-Levered Balance Sheet and Strong Cash Position 300 ($ in millions) ($ in millions) 100 225 75 150 50 25 75 0 0 Particularly strong revenue and profitability in 2022 and 2023 Long-term debt Cash largely due to increase in certain refrigerant prices
Slide 19: Summary
SUMMARY Diverse business model Leading provider of sustainable Largest independent source leverages multiple sales, refrigerant solutions for virgin and reclaimed reclamation and servicing refrigerants channels Proven success supporting Nationwide presence with Strong unlevered balance prior refrige
Slide 20: NASDAQ: HDSN
NASDAQ: HDSN RECLAIMED ON-SITE REFRIGERANT REFRIGERANT END-OF- REFRIGERANT SERVICE LIFE MANAGEMENT