Slide 1: Brenntag Q1 2026 Results
P BRENNTAG BS sults mercial agility and safeguarding supply ina
Slide 2: Managing volatility is a strength of our integrated business model
Managing volatility is a strength of our integrated business model FOCUSED EXECUTION MARKET ENVIRONMENT Higher oil and feedstock costs, = Leveraging global network and = Generally, 2026 began with continued subdued demand increasing price volatility commercial agility = Demand in specialties stabili
Slide 3: Continued execution of our key priorities independent from market turmoil
Continued execution of our key priorities independent from market turmoil Sales = Adapting methodologies to improve global pricing consistency = Go-to-market approach, customer proximity and cross-selling in focus * Dormant customers returning to Brenntag Clarity & simplification = Executive Committ
Slide 4: Middle East crisis underlines value of Brenntag's integrated business model
Middle East crisis underlines value of Brenntag’s integrated business model = Subdued customer demand at start of * Oversupply and high product availability J A the year, in line with our expectations across value chains an until Mid-March 2026 . = Muted volumes and continued pricing Existing confli
Slide 5: Q1 2026: Resilient performance driven by margin strength and improving momentum
Q1 2026: Resilient performance driven by margin strength and improving momentum Sales EUR 3.7 bn - 5.1% vs. PY* Operating Gross Profit EUR 950 m - 1.3% vs. PY* Operating EBITDA EUR 306 m - 8.3% vs. PY* Operating GP Margin 25.9% + 0.9pp vs. PY > Weak demand in early Q1 2026; strong cost and margin di
Slide 6: Save the Date: Capital Markets Day 2026
SAVE THE DATE NOVEMBER 12, 2026 BRENNTAG CAPITAL MARKETS DAY 2026
Slide 7: Q1 2026 Financials: Gross margin expansion reflects strong commercial agility
Q1 2026 Financials: Gross margin expansion reflects strong commercial agility Gross Margin Resilience Operatii Profitability Cash Profitability Balance Sheet Strength *fxadj. growth Operating Operating GP GP Margin EUR 950 m 25.9% - 1.3% vs. PY* + 0.9pp vs. PY Operating Operating EBITDA EBITA EUR 30
Slide 8: Positive market trends since Mid-March 2026 currently mainly visible in Essentials
Positive market trends since Mid-March 2026 currently mainly visible in Essentials Gross Margin development vs. PY = Improvement in gross margin vs. PY in both Life Science and +11pp . L t Material Science Positive volume and Gross Profit trends in Material Science ; si gee Customers pulling forward
Slide 9: Update on cost-out program
Update on cost-out program Key developments Effects from the cost-out program vs. 2025 cost base, in EUR m = Cost-out program redesigned to annual targets: new target EUR 200-250m in 200-250 savings vs 2025 baseline until 2027 = Reduction in central costs of EUR 10m achieved in Q1 2026: - Reduction
Slide 10: Opex development in Q1 2026 signaling positive business trends and cost discipline
Opex development in Q1 2026 signaling positive business trends and cost discipline Q1 2026 Opex development YoY* in EURM Decrease in underlying Opex of EUR 6m 21 | Key developments = Reported Opex decreased by EUR 20m YoY - FX tailwinds of EUR 34m - Partially offset by EUR 5m M&A impact - Higher bon
Slide 11: Q1 2026: Op. EBITDA reflects muted Jan and Feb, improving trend towards quarter-end
Q1 2026: Op. EBITDA reflects continuously muted trend in Jan and Feb, significantly improving trend towards quarter-end Op. EBITDA development YoY Key developments inEURm = Weak demand in early Q1 2026, partially offset by improving momentum and cost discipline - 8.3%* : . : = Strong prior-year comp
Slide 12: Operating EBITDA guidance 2026 confirmed
Operating EBITDA guidance 2026 confirmed Guidance Brenntag confirms its Operating EBITDA guidance for the 2026 financial year: VS EUR 1,150-1,350 million This reflects the currently positive operational performance and the existing uncertainties regarding future demand At this stage any negative end
Slide 13: P, BRENNTAG
P, BRENNTAG
Slide 14: Financials Q1 2026: Income statement
Financials Q1 2026: Income statement inEURm Q1 2026 Q1 2025 A AFX adjusted Sales 3,662 4,072 - 10.1% -5.1% Cost of materials - 2,712 - 3,052 -11.2% - 6.3% 950 1,020 -6.8% -1.3% Operating expenses - 644 - 665 -3.1% 2.4% 306 355 -13,8% -8.3% Depreciation -89 -91 -1.7% 44% 217 264 -17.9% - 12.6% Net in
Slide 15: Financials Q1 2026: Operating EBITDA bridge
Financials Q1 2026: Operating EBITDA bridge” Operating EBITDA growth by division, Q1 2026 inEURm 2.6% -11.8% -8.3% 0 A Q1 2025 Brenntag Brenntag Group and Q1 2026 Specialties | Essentials Regional Services FX translation I M&A contribution i Organic Growth FX-adj. growth rates ) 15 1) Calculations a
Slide 16: Financials Q1 2026: Segments
Financials Q1 2026: Segments Operating Gross Profit) in EURm Q1 2026 Specialties Life Science 194 Specialties Material Science 83 Specialties Other 7 Essentials EMEA 253 Essentials North America 332 Essentials Latin America 61 Essentials APAC 28 Essentials Transregional 2 Brenntag Essentials 666 Gro
Slide 17: Financials Q1 2026: Cash flow statement
Financials Q1 2026: Cash flow statement inEURm Q1 2026 Q1 2025 Profit after tax 99 136 Effect from IAS 29 on profit/loss after tax q 4 Depreciation & amortization 105 109 Income tax expense 48 57 Income taxes paid -61 Net interest expense 35 Interest paid - 24 (thereof interest paid for leases) -7 I
Slide 18: Financials Q1 2026: Cash flow statement (continued)
Financials Q1 2026: Cash flow statement (continued) in EURm Q1 2026 Q1 2025 Proceeds from the disposal of consolidated subsidiaries and other business units less costs to sell 1 - Proceeds from the disposal of other financial assets 1 - Proceeds from the disposal of intangible assets and property, p
Slide 19: Financials Q1 2026: Free cash flow
Financials Q1 2026: Free cash flow inEURm Q1 2026 Q1 2026 Aabs A% Operating EBITDA 306 355 -49 -13.8 Payments to acquire intangible assets and property, plant and equipment - 59 -61 2 -3.3 A Working capital) - 107 - 84 - 23 27.4 Principal and interest payments on lease liabilities -49 -47 -2 4.3 @)
Slide 20: Financials Q1 2026: Working capital
Financials Q1 2026: Working capital inEURm 31 Mar 2026 31 Dec 2025 30 Sep 2025 30 Jun 2025 31 Mar 2025 Inventories 1,387.4 1,351.0 1,412.0 1,479.4 1,544.1 + Trade receivables 2,387.9 2,039.9 2,210.6 2,300.4 2,414.4 ./. Trade payables 1,741.1 1,498.3 1,571.2 1,634.2 1,787.7 2,034.2 1,892.6 2,051.4 2,
Slide 21: Financials Q1 2026: Balance sheet and maturity profile
Financials Q1 2026: Balance sheet and maturity profile in EUR mY Eurobond & in EURM Meee 31 Dec 2025 Bramnttszony Naw [currelatein| Financial liabilities 2,810 2,785 Eurobond Eurobond Lease liabilities 671 541 ./. Cash and cash equivalents 696 798 Promissory Note Net Debt 2,685 2,528 , 580 600 Net D
Slide 22: Financial calendar / contact
Financial calendar / contact Financial calendar Contact Follow us: in| May 20, 2026 August 12, 2026 Brenntag SE Annual General Meeting Half-Year 2026 Corporate Investor Relations Financial Report Phone: +49 (0) 201 6496 2100 Fax: +49 (0) 201 6496 2003 November 11, 2026 November 12, 2026 9M 2026 Capi
Slide 23: Disclaimer
Disclaimer This presentation may contain forward-looking statements based on current assumptions and forecasts made by Brenntag SE and other information currently available to the company. Various known and unknown risks, uncertainties and other factors could lead to material differences between the