Koppers Holdings Inc. · NYSE:KOP

Koppers — Q1 2026 Earnings Presentation

43 slides from Koppers's earnings presentation, May 2026

  1. Slide 1: Q1 2026 Results

    Q1 2026 Results KOPPER a)

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, acquisitions, restructuring, declines in the value of Kopp

  3. Slide 3: Company Highlights

    KOPPERS = Company Highlights

  4. Slide 4: CMC Facility at Stickney, Illinois: Discontinue Distillation and Chemical Manufacturing Operations

    CMC Facility at Stickney, Illinois: Discontinue Distillation and Chemical Manufacturing Operations* Stickney, Illinois Nyborg, Denmark Final Production by December 31, 2026* Targeting Q4 2026 for shifting production to coal tar distillation facility located in Nyborg, Denmark Evaluating potentially

  5. Slide 5: Key Takeaways: Q1 2026

    Key Takeaways: Q1 2026 HIGHLIGHTS CATALYST TRANSFORMATION $49.3M Adjusted EBITDA • Currently in Organizational Design Phase of Catalyst Transformation 10.8% Adjusted EBITDA Margin Process $22.0M Operating Profit • Announced decision to discontinue distillation and chemical $0.57 Adjusted Earnings Pe

  6. Slide 6: Zero Harm Update: Q1 2026

    Zero Harm Update: Q1 2026 2026 vs. 2025 2026 Key Goals Leading Our Path to Zero: Activities 35% Rate • Reinforce 30 OUT OF 40 Foundational Accident-Free Elements Facilities Recordable 12% • Deploy Additional Injury Rate Tools & Training • Drive Environmental Improvements • Europe CMC Serious Safety

  7. Slide 7: Notable Happenings

    Notable Happenings ) N Ww KOPPER

  8. Slide 8: 2025 Annual Report & 2026 Proxy Statement

    2025 Annual Report & 2026 Proxy Statement Scan here to View our 2025 Annual Report Scan here to View our Proxy Statement 8

  9. Slide 9: Koppers Makes Newsweek's List of America's Most Charitable Companies

    Koppers Makes Newsweek’s List of America’s Most Charitable Companies • Koppers ranked among the top 300 companies on Newsweek’s inaugural Most Charitable Companies list • Companies were selected through a survey of more than 18,000 U.S. respondents, social listening across news and online sources, a

  10. Slide 10: Koppers Celebrates 20 Years on the NYSE

    Koppers Celebrates 20 Years on the NYSE • Koppers celebrated 20 years as a publicly traded company on the New York Stock Exchange • On March 30, members of the leadership team had the chance to ring the Closing Bell • CEO Leroy Ball also participated in an interview on the financial news program Tak

  11. Slide 11: Save the Date: September 16-17, 2026

    SAVE THE DATE September 16-17, 2026 www.koppers.com Wednesday, September 16 Thursday, September 17 Tour of Performance Chemicals Management Presentation Research & Development Lab Thursday, September 17, 2026 12 p.m. Eastern Time 9 a.m. - 11:30 a.m. Eastern Time Transportation will be provided Kimpt

  12. Slide 12: Q1 2026 Financials

    KOPPERS = Q1 2026 Financials Ss

  13. Slide 13: Q1 2026: Sales by Segment

    Q1 2026: Sales by Segment (Unaudited) Sales vs. Prior Year $ in Millions $600 $500 -0.3% $400 $455 $457 $300 -6.4% $200 $235 17.5% $220 -7.4% $100 $142 $121 $93 $101 $0 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 RUPS PC CMC TOTAL Note: Segment amounts may not agree with consolid

  14. Slide 14: Q1 2026: Adjusted EBITDA by Segment

    Q1 2026: Adjusted EBITDA by Segment (Unaudited) Adjusted EBITDA $ and % vs. Prior Year $ in Millions $60 12.2% $50 10.8% $56 $49 $40 $30 10.9% 18.2% 10.3% $26 16.6% $20 $26 $23 $20 9.8% $10 1.0% $10 $0 $1 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 RUPS PC CMC TOTAL Note: Segment

  15. Slide 15: Q1 2026 RUPS Segment

    Q1 2026 RUPS Segment RAILROAD AND UTILITY PRODUCTS AND SERVICES Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions $250 $30 Highlights Highlights $225 $235 • Decrease in sales driven by: $220 $25 • Profitability was lower due $200 ✓ Customer mix in Class I $26 primarily to: cr

  16. Slide 16: Q1 2026 PC Segment

    Q1 2026 PC Segment PERFORMANCE CHEMICALS Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions $150 Highlights Highlights $25 $26 $142 • Increase in sales was primarily • Profitability was higher due to: $125 due to: $121 $20 ✓ Higher sales volumes ✓ 15% volume increase along $20

  17. Slide 17: Q1 2026 CMC Segment

    Q1 2026 CMC Segment CARBON MATERIALS AND CHEMICALS Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions $110 Highlights Highlights $100 $10 $101 • Lower sales were primarily $10 • Profitability decreased due to: $90 $93 driven by: ✓ Lower sales prices $80 ✓ $13.9M in lower phtha

  18. Slide 18: Capital Allocation

    Capital Allocation

  19. Slide 19: Uses of Cash: Balanced Approach

    Uses of Cash: Balanced Approach Investing in Our Future Quarterly Dividend • $11.4M capital expenditures in Q1 2026 (net) • On May 7, Board of Directors declared • Expect $55M total capital expenditures quarterly dividend of $0.09 per share (gross) in 2026 Share Repurchase Reducing Leverage(1) • $29

  20. Slide 20: Q1 2026 Capital Expenditures

    Q1 2026 Capital Expenditures ($ in Millions) Growth & Year-to-Date CapEx by Business Unit Maintenance Zero Harm Productivity Total RUPS $4.9 $0.3 $0.2 $5.4 PC 0.4 2.1 0.3 2.8 CMC 1.8 1.0 0.2 3.0 Corporate 0.2 --- --- 0.2 Total $7.3 $3.4 $0.7 $11.4 Less: Cash proceeds from asset sales and insurance p

  21. Slide 21: Declaring Quarterly Cash Dividend

    Declaring Quarterly Cash Dividend May May June 5.7.26 5.29.26 6.15.26 Dividend Record Payment Declaration Date Date The Board of Directors approved a quarterly dividend of $0.09 per share of Koppers common stock. At this quarterly dividend rate, the annual dividend is $0.36 per share for 2026, a 12.

  22. Slide 22: Business Sentiment

    ~- Business Sentiment « ery

  23. Slide 23: State of the Business: PC Performance Chemicals

    State of the Business PC: PERFORMANCE CHEMICALS 2026 Market Outlook (Prior): Current Market Outlook: • Market share capture in both residential and industrial • Volume increase of 15% compared to Q1 ’25 split between markets support an 11% expected increase in sales revenue market share growth (9%)

  24. Slide 24: State of the Business: RUPS Utility and Industrial Products

    State of the Business RUPS: UTILITY AND INDUSTRIAL PRODUCTS 2026 Market Outlook (Prior): Current Market Outlook: • Market sentiment remains bullish mainly due to increasing • Q1 demand for utility pole products 12% higher by volume electrical demand related to buildout of AI infrastructure (9% organ

  25. Slide 25: State of the Business: RUPS Railroad Products and Services

    State of the Business RUPS: RAILROAD PRODUCTS AND SERVICES 2026 Market Outlook (Prior): Current Market Outlook: • Industry consolidation continuing to impact market trends and • Q1 crosstie sales comparison to prior year impacted by resulting in reduced capital spend by railroads unfavorable mix and

  26. Slide 26: State of the Business: CMC Carbon Materials and Chemicals

    State of the Business CMC: CARBON MATERIALS AND CHEMICALS 2026 Market Outlook (Prior): Current Market Outlook: • Overall carbon markets remain in turmoil as evidenced by Q4 • Overall carbon markets remain in turmoil ‘25 financial results ✓ Middle East conflict pushing oil and tar prices higher, whil

  27. Slide 27: Strategic Transformation | Catalyst

    Strategic Transformation | Catalyst Koppers is in the final multi-year phase of our transformation process, Catalyst. Our Transformation Office has involved hundreds of individuals throughout the organization to identify, evaluate, scope, quantify, plan, and execute hundreds of Progress commercial a

  28. Slide 28: 2026 Guidance

    2026 Guidance (iil

  29. Slide 29: 2026 Sales Forecast: $1.9B - $2.0B

    2026 Sales Forecast: $1.9B - $2.0B Sales ($ in Millions) $2,100 ($35M)-$25M $1.9B-$2.0B $2,000 $50M-$65M $20M-$35M $1,900 $1.88B $1,800 $1,700 2025 RUPS PC CMC 2026 29

  30. Slide 30: 2026 Adjusted EBITDA Forecast: $240M - $260M

    2026 Adjusted EBITDA Forecast: $240M - $260M Adjusted EBITDA* ($ in Millions) $280 $9M-$16M $270 $0M-$5M $240M-$260M $260 $257M $250 ($26M)-($18M) $240 $230 $220 2025 RUPS PC CMC 2026 * Excluding special charges 30

  31. Slide 31: 2026 Adjusted EPS Forecast: $3.80 - $4.60

    2026 Adjusted EPS Forecast: $3.80 - $4.60 Adjusted EPS* $5.00 $0.17-($0.16) $4.75 $0.34-$0.40 $0.10 $3.80-$4.60 ($0.04)- $0.02 $4.50 ($0.84)-$0.17 $4.25 $4.07 $4.00 $3.75 $3.50 $3.25 $3.00 2025 Operations Interest Taxes D&A Other 2026 * Excluding special charges 31

  32. Slide 32: 2026 Free Cash Flow Forecast

    2026 Free Cash Flow Forecast $190 $41M $175M $170 ($7M) $150 $12M $7M $130 $123M $6M $120M ($55M) $110 ($7M) ($7M) $90 $58M-$78M $70 ($55M)-($35M) $50 $30 2025 OCF Operations Interest Restructuring Pension Working Taxes 2026 OCF CAPEX 2026 FCF Dividend Share FCF for Debt (midpoint) Settlement Capita

  33. Slide 33: 2026 Capital Expenditures

    2026 Capital Expenditures ($ in Millions) Growth & CapEx by Business Unit Maintenance Zero Harm Productivity Total RUPS $17.0 $1.6 $0.2 $18.8 PC 4.5 7.7 5.7 17.9 CMC 12.8 3.4 0.2 16.4 Corporate 1.9 --- --- 1.9 Total $36.2 $12.7 $6.1 $55.0 33

  34. Slide 34: Appendix

    Appendix ) N Ww KOPPER’

  35. Slide 35: Non-GAAP Measures & Guidance

    Non-GAAP Measures & Guidance This presentation includes unaudited “non-GAAP financial measures” as defined in Regulation G under the Securities Exchange Act of 1934, including adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted EPS, net debt and net leverage ratio. Koppers believes tha

  36. Slide 36: Unaudited Segment Information

    Unaudited Segment Information Three Months Ended March 31, 2026 2025 (Dollars in millions) Net sales: Railroad and Utility Products and Services $ 220.0 $ 235.0 Performance Chemicals 142.1 120.9 Carbon Materials and Chemicals 93.2 100.6 Total $ 455.3 $ 456.5 Adjusted EBITDA: Railroad and Utility Pro

  37. Slide 37: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margin

    Unaudited Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended March 31, Year Ended December 31, 2026 2025 2025 (Dollars in millions) Net income (loss) $ 7.1 $ (13.9) $ 56.0 Interest expense 15.0 16.6 66.1 Depreciation and amortization 19.4 18.0 73.6 Income t

  38. Slide 38: Reconciliations of Net Income to Adjusted Net Income and Adjusted EPS

    Unaudited Reconciliations of Net Income Attributable to Koppers to Adjusted Net Income Attributable to Koppers and Diluted Earnings Per Share and Adjusted Earnings Per Share Three Months Ended March 31, Year Ended December 31, 2026 2025 2025 (Dollars in millions, except share and per share amounts)

  39. Slide 39: Reconciliation of Total Debt to Net Debt and Net Leverage Ratio

    Unaudited Reconciliation of Total Debt to Net Debt and Net Leverage Ratio Twelve Months Ended March 31, 2026 (Dollars in millions) Total Debt $ 920.2 Less: Cash 42.8 Net Debt $ 877.4 Adjusted EBITDA $ 250.5 Net Leverage Ratio 3.5 39

  40. Slide 40: Reconciliation of Net Income to Adjusted EBITDA (LTM)

    Unaudited Reconciliation of Net Income to Adjusted EBITDA (LTM) Twelve Months Ended March 31, 2026 (Dollars in millions) Net income $ 77.0 Interest expense 64.5 Depreciation and amortization 75.0 Income tax provision 29.3 Sub-total 245.8 Adjustments to arrive at adjusted EBITDA: Acquisition inventor

  41. Slide 41: Reconciliation of Operating Cash Flow to Free Cash Flow

    Unaudited Reconciliation of Net Cash Provided by (Used In) Operating Activities to Free Cash Flow Three Months Ended March 31, Twelve Months Ended March 31, 2026 2025 2026 2025 (Dollars in millions) Net cash provided by (used in) operating activities $ 46.3 $ (22.7) $ 191.5 $ 109.0 Less: capital exp

  42. Slide 42: Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800

    KOPPERS World Headquarters Pittsburgh, Pennsylvania, USA Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800 Koppers is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds. Our team of approximately 1,850 employees crea

  43. Slide 43: koppers.com

    KOPPE koppers.com R — Mugu! —— \

Koppers Holdings — Q1 2026 Earnings Presentation on 6ix