Ecosynthetix Inc. · TSX:ECO
Ecosynthetix — Q2 2026 Earnings Presentation
16 slides from Ecosynthetix's earnings presentation, Jul 29, 2026
Slide 1: Q2 2026 Earnings Results
ECOSYNTHETIX INC Jeff MacDonald| CEO Rob Haire | CFO Q2 2026 Earnings Results July 29, 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation constitute forward-looking statements. All statements other than a significant decrease in the market price of petroleum related feedstocks; inflationary pressures that may affect labor, raw statements of historical fact ma
Slide 3: Continuation of Softness from Q1 2026
CONTINUATION OF SOFTNESS FROM Q1 2026 (USD millions) Net Sales Adj EBITDA (loss) Cash provided by operating activities $1.0 $9.0 $8.3 8% $5.0 $0.2 $4.5 $0.0 9% $(0.2) $(0.3) $(0.2) $(0.4) $(0.5) Q2 2025 Q2 2026 H1 2025 H1 2026 Q2 2025 Q2 2026 H1 2025 H1 2026 Q2 2025 Q2 2026 H1 2025 H1 2026 TOPLINE P
Slide 4: Proven value proposition generating strong interest from end markets
Proven value proposition Generating strong interest from end markets Strong prospect pipeline Positioned with the right accounts as market dynamics normalize ECOSYNTHETIX INC. 4
Slide 5: Historical Price Spread: Softwood vs. Hardwood Fibre
HISTORICAL PRICE SPREAD: SOFTWOOD VS. HARDWOOD FIBRE North American NBSK vs. BEK ($/t) Price Gap 600 North American pricing 500 near parity in July 400 Gap between softwood and hardwood fibre is structural 300 7-year average Consistent imbalance of 200 high-cost softwood fibre and lower cost hardwoo
Slide 6: Top Global Pulp Producer Lead Customer
TOP 10 GLOBAL PULP PRODUCER LEAD CUSTOMER Pulp producer sells into a range of downstream applications SurfLock improves strength and delivers cost reductions Next-generation hardwood pulp using through use of lower cost fibres SurfLock with proven performance profile SurfLock addresses Account has r
Slide 7: Top Global Tissue Producers and Top Global Pulp Companies
TOP 15 GLOBAL TISSUE TOP 15 GLOBAL PULP PRODUCERS COMPANIES (Million tonnes approximate per annum) (Million tonnes per annum, est. market pulp capacity) 0 1 2 3 4 5 6 0 3 6 9 12 15 Essity Suzano P&G UPM Sofidel Arauco Asia Pulp & Paper APRIL + Bracell Georgia-Pacific CMPC Kimberly-Clark NA Metsa Fib
Slide 8: Building Momentum in Pulp-Based End Markets
BUILDING MOMENTUM IN PULP-BASED END MARKETS Successful extended trial at WITH OUR STRENGTH AIDS top 5 global tissue producer Begun work on two new additional lines One of the most progressive manufacturers in the tissue end market, represents flagship customer opportunity Distribution partners gener
Slide 9: Wood Composites Progress
WOOD COMPOSITES PROGRESS: DuraBind the clear incumbent in the bio-based glue market Demand from first mill lower in Q2 2026 and into Q3 as expected, unrelated to performance of DuraBind Focused on low-cost, simplification strategy Senior leadership remains committed to their sustainability goals Con
Slide 10: International Retailer's Primary Climate Focus: Halve GHG Emissions by 2030
INTERNATIONAL RETAILER’S PRIMARY CLIMATE FOCUS: HALVE GHG EMISSIONS ACROSS VALUE CHAIN BY 2030 1 Source: https://www.ikea.com/global/en/our-business/sustainability/our-circular-agenda/ 10 1) From a base year of 2016
Slide 11: All-Natural Polymers in Personal Care
ALL-NATURAL POLYMERS IN PERSONAL CARE Clear commitment and belief from Dow in all-natural ingredients opportunity long-term Order pattern normalized in Q2 after inventory drawdown in Q1 Dow expects growth in 2026 on top of the growth in 2025 Dow continues to grow and expand MaizeCare program ECOSYNT
Slide 12: Q2 2026 Financial Summary
Q2 2026 FINANCIAL SUMMARY USD millions (except gross margin) Q2 2026 Q2 2025 YTD 2026 YTD 2025 Net Sales $4.5 $5.0 $8.3 $9.0 Gross Profit $1.3 $1.4 $2.2 $2.3 Gross Margin 28.6% 28.4% 26.8% 25.3% Gross Margin adjusted for manufacturing depreciation 34.0% 33.0% 32.5% 30.4% Adjusted EBITDA1 (loss) ($0.
Slide 13: Operating Cost Structure
OPERATING COST STRUCTURE Selling, General & Administrative Research & Development (USD, millions) (USD, millions) $2.0 $0.7 $1.8 $0.6 $1.6 $1.4 $0.5 $1.2 $0.4 $1.0 $0.3 $0.8 $0.6 $0.2 $0.4 $0.1 $0.2 $0.0 $- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1
Slide 14: Adj EBITDA Improved Sequentially
ADJ EBITDA IMPROVED SEQUENTIALLY Quarterly Adj EBITDA Annual Cash Flows from (used in) Operations (USD millions) (USD millions) Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 $0.6 YTD 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026
Slide 15: Frustrating headwinds interrupting our momentum
Frustrating headwinds interrupting our momentum Our biopolymers delivering value for customers Repeatedly proven technical viability Expanded and deepened prospect pipeline ECOSYNTHETIX INC. 15
Slide 16: Questions & Answers
SSYNTHETIX® QUESTIONS & ANSWERS