Lanxess AG · XETR:LXS
Lanxess — Q3 2026 Earnings Presentation
27 slides from Lanxess's earnings presentation, 2026
Slide 1: LANXESS – Q3 2026 results
LANXESS – Q3 2026 results Matthias Zachert, CEO I Oliver Stratmann, CFO
Slide 2: Safe harbor statement
Safe harbor statement The information included in this presentation is being provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities of LANXESS AG. No public market exists for the securities of LANXESS AG in the United
Slide 3: Agenda
Agenda 1. Review Q3 2026 and outlook 2. Financial and business details Q3 2026 3. Appendix 3
Slide 4: Operational improvement and continuous focus on debt reduction
Operational improvement and continuous focus on debt reduction [in € m] EBITDA pre Free cash flow Net working capital Net financial debt 3,814 1,362 1,376 139 75 125 27 2,381 2,011 -29 DSI*: 92 83 Q3 2025 Q3 2026 Q1/26 H1/26 9M/26 Q3 2025 Q3 2026 FY 2022 FY 2024 Q3 2026 Improved Improved Tightly man
Slide 5: Operational free cash flow generation in very adverse environment
Operational free cash flow generation in very adverse environment illustrative Positive FY free cash flow targeted Free Cashflow 75 in € m 2026 2025 -94 Operational leverage: ▪ Effective cost NWC/Sales saving measures Seasonal 2026 decrease 24.3% ▪ Strict working 03/31 06/30 09/30 12/31 capital mana
Slide 6: FY 2026 guidance specified
FY 2026 guidance specified: We specify our Our view on economic LANXESS guidance: environment outlook ▪ Significant macro-economic uncertainties persist, intensified ▪ Considerations for Q4 Upper end of ▪ Continued cost streamlining to by Middle East conflict mitigate inflation, savings back-end €45
Slide 7: Agenda
Agenda 1. Review Q3 2026 and outlook 2. Financial and business details Q3 2026 3. Appendix 7
Slide 8: LANXESS Group: Continued pricing actions offset input cost inflation
LANXESS Group: Continued pricing actions offset input cost inflation [€ m] Q3 2025 Q3 2026 Δ Sales 1,338 1,467 10% + Sales increase reflecting better pricing and slight volume increase in tandem EBITDA pre 125 139 11% + Higher prices reflect successful pass-through of elevated Margin 9.3% 9.5% raw m
Slide 9: Consumer Protection: Price and volume growth
Consumer Protection: Price and volume growth [€ m] Q3 2025 Q3 2026 Δ Sales 453 491 8% + Price increases in ongoing challenging market environment to pass through rising raw material prices EBITDA pre 72 67 -7% + Positive volume development, especially in F&F and water Margin 15.9% 13.6% purification
Slide 10: Specialty Additives: Successful pricing offsets higher raw material costs
Specialty Additives: Successful pricing offsets higher raw material costs [€ m] Q3 2025 Q3 2026 Δ Sales 505 569 13% + Strong pricing, successfully passing through significantly higher input costs EBITDA pre 45 71 58% + Volumes improved overall; Rhein Chemie benefits from Margin 8.9% 12.5% customers’
Slide 11: Advanced Intermediates: Pricing measures to compensate cost inflation
Advanced Intermediates: Pricing measures to compensate cost inflation while demand remains weak [€ m] Q3 2025 Q3 2026 Δ Sales 377 404 7% + Price increases esp. in Advanced Industrial Intermediates to compensate higher raw material and energy costs EBITDA pre 26 25 -4% − Slightly negative volumes due
Slide 12: P&L Q3: Improved operational performance
P&L Q3: Improved operational performance P&L [€ m] Q3 2025 Q3 2026 yoy ▪ Increased sales mainly due to Sales 1,338 1,467 10% positive price and volume effect Cost of sales -1,084 -1,173 -8% ▪ Higher selling expenses mainly reflect increased logistic costs Selling -199 -205 -3% ▪ G&A expenses up due
Slide 13: Strong FCF improvement & disciplined W/C management
Strong FCF improvement & disciplined W/C management Cash flow [€ m] Q3 2025 Q3 2026 ▪ Profit before tax improved Profit before tax -68 -56 ▪ Changes in at-equity contribution mainly from Envalior Depreciation & amortization 133 123 ▪ Financial loss attributable to Result from investments accounted f
Slide 14: Extended balance sheet due to €500 m bond placement
Extended balance sheet due to €500 m bond placement Balance sheet [€ m] 31.12.2025 30.09.2026 ▪ Total assets increased due to Total assets 7,748 8,229 €500 m bond issuance in Q2 ▪ Equity stable: Positive FX effects & Equity 3,500 3,481 valuation of pension obligation Equity ratio 45% 42% offset nega
Slide 15: Q3 2026: Increased sales due to better pricing & volume
Q3 2026: Increased sales due to better pricing & volume Sales [€ m] Sales share [€ m] EBITDA pre [€ m] + 10% Consumer SGO LPT +11% Protection 139 1,467* MPP F&F 125 1,338* -7% 67 +8% 491 CP 453 Specialty LAB CP 72 310 Additives PLA RCH SA 505 +13% 569 +58% 71 SA 45 Advanced IPG 404 Intermediates AI
Slide 16: Targeting structural savings until end of 2028
Targeting structural savings until end of 2028 Actively adjusting our cost structure FORWARD! More to come… …implementation by: [in € m] 2026 2027 2028 Savings ~65 ~65 ~40 ▪ Reduction of ~550 positions worldwide Cash Outs1 ~25 ~25 ~20 across all functions ▪ Fluctuation & demographics supportive ~€15
Slide 17: Exceptional items (on EBIT) 9M mainly related to strategic realignment and restructuring
Exceptional items (on EBIT) 9M mainly related to strategic realignment and restructuring [€ m] Q3/2025 Q3/2026 9M/2025 9M/2026 thereof thereof thereof thereof Excep. Excep. Excep. Excep. D&A D&A D&A D&A Strategic realignment and restructuring -2 3 1 0 -111 -78 -52 -9 (incl. FORWARD!) Strategic IT-pr
Slide 18: P&L 9M: Price & volume up - higher input costs, FX & portfolio effect
P&L 9M: Price & volume up - higher input costs, FX & portfolio effect negatively affect earnings 9M 2025 9M 2026 yoy ▪ Stable sales despite portfolio effect Sales 4,405 4,406 0% (Urethanes business divested in Q2 2025) Cost of sales -3,502 -3,520 -1% ▪ Reduction of cost items driven by Selling -642
Slide 19: 9M 2026: Significantly improved cash generation
9M 2026: Significantly improved cash generation Cash flow [€ m] 9M 2025 9M 2026 ▪ Lower profit before tax due lower Profit before tax -184 -238 Envalior at-equity result ▪ Gains on disposal of assets Depreciation & amortization 485 376 including proceeds from divestment Gains on disposal of divestme
Slide 20: 9M 2026: Stable sales despite portfolio effect in persisting weak demand environment
9M 2026: Stable sales despite portfolio effect in persisting weak demand environment Sales [€ m] Sales share [€ m] EBITDA pre [€ m] + 0% Consumer SGO LPT - 6% Protection 408 385 4,405* 4,406* MPP F&F CP 232 - 9% 210 + 1% 1,464 CP 1,455 Specialty LAB Additives PLA RCH SA 155 + 24% 192 SA 1,578 + 6% 1
Slide 21: 9M 2026: Balanced regional sales split
9M 2026: Balanced regional sales split 9M 2026 sales by region [%] Regional development of sales [€ m] Americas 4,405 4,406 Asia / Pacific Asia/Pacific 34% 821 + 4% 853 19% Americas 1,511 - 2% 1,480 EMEA 1,303 - 1% 1,290 18% (excl. Germany) 29% Germany Germany 770 + 2% 783 EMEA 9M 2025 9M 2026 (excl
Slide 22: Agenda
Agenda 1. Review Q3 2026 and outlook 2. Financial and business details Q3 2026 3. Appendix 22
Slide 23: Housekeeping items 2026
Housekeeping items 2026 Outlook FY 2026 (in € m) Capex ~330 Operational depreciation ~340 ▪ excluding ~€130 m of intangible amortization All other segments (EBITDA pre) -140 to -150 Exceptional expenses ~80 to 100 ▪ on EBIT, based on current projects ▪ EBITDA pre impact after hedging per cent FX sen
Slide 24: Maturity profile well balanced
Maturity profile well balanced Strong access to debt capital markets Long-term financing Bond 2026 €500 m Bond 2027 €500 m Bond 2028 €600 m Bond 2029 €600 m 2030 Bond 2031 €500 m 2031+ 800 secured 1.00% 0.00% 1.75% 0.625% 4.375% 600 Ø interest ▪ All group financing executed 400 1.7%* without financi
Slide 25: Contact details Investor Relations
Contact details Investor Relations Visit the IR website Eva Husmann Sophie Köller Catharina Kaiser Thomas Kaiser Jens Ussler Head of Investor Relations ESG Investors and Ratings Institutional Investors / Analysts Institutional Investors / Analysts Institutional Investors / Analysts Mob.: +49 151 746
Slide 26: Abbreviations
Abbreviations § Consumer Protection Specialty Additives Advanced Intermediates MPP Material Protection Products PLA Polymer Additives AII Advanced Industrial Intermediates F&F Flavors & Fragrances LAB Lubricant Additives Business IPG Inorganic Pigments SGO Saltigo RCH Rhein Chemie LPT Liquid Purific
Slide 27: Upcoming events 2026/2027 – Proactive capital market communication
Upcoming events 2026/2027 – Proactive capital market communication 19 London Commerzbank German 07 Lyon Oddo BHF Forum 17 FY 2026 Disclosure Corporate Day 10/11 New York GIS 24 Frankfurt Eigenkapitalforum 18 Frankfurt Kepler GCC 30/1 London Berenberg European Conference 1 (Dec) NYC Citi Basic Materi