Lsb Industries, Inc. · NYSE:LXU
Lsb Industries — Q1 2025 Earnings Presentation
17 slides from Lsb Industries's earnings presentation, Jul 30, 2025
Slide 1: Q1'25 Earnings Presentation
April 30, 2025 Q1’25 Earnings Presentation Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assump
Slide 3: Stockholder Rights Plan in place to preserve substantial NOLs
Stockholder Rights Plan in place to preserve substantial NOL’s Our Section 382 Stockholder Rights Plan as amended and restated (the “Rights Plan”), is intended to protect our substantial net operating losses (“NOLs”), carryforwards and other tax attributes. We can generally use our NOLs and other ta
Slide 4: Q1'25 highlights: volume increases offset by higher natural gas costs
Solid year-over-year increases in AN and UAN production and sales volumes offset by higher natural gas costs; natural gas costs trending down in Q2’25 UAN pricing and overall fertilizer and industrial products demand is strong Zero recordable injuries for Q1’25 El Dorado low carbon ammonia progressi
Slide 5: Tariff impacts have been limited to-date
Tariff impacts have been limited to-date Increased prices on imported nitrogen products lifting domestic selling prices <10% of LSB sales come from outside the country; limited to Mexico and Canada Only ~2% of U.S. corn exports went to China in 2024 with Mexico and Japan being much larger importers
Slide 6: Demand for our industrial products remains robust
Demand for our industrial products remains robust (1) Sources: Federal Reserve Economic Data Demand for ammonium nitrate (AN) bolstered by U.S. mining of metals, including copper for data centers and technology infrastructure, as well as quarrying/aggregate production for infrastructure upgrade and
Slide 7: Strong fertilizer pricing coupled with cost-advantaged natural gas
Strong fertilizer pricing coupled with cost-advantaged natural gas(1) Sources: Green Markets® A Bloomberg Company, Barcharts.com, Natural gas costs derived from forward strips as of 4/28/25
Slide 8: Corn futures prices are supportive of strong fertilizer demand
Corn futures prices are supportive of strong fertilizer demand(1) USDA forecasts for 2025 stocks-to-use ratio (STU) remains lower than 10-year average Corn futures prices reflect USDA outlook for smaller supplies and a decline in ending stocks Sources: USDA, Argus, Bloomberg, EIA, Management Estimat
Slide 9: Q1'25 financial results
Adjusted EBITDA is a non-GAAP financial measure. See the discussion and reconciliation in the appendix. Adjusted EBITDA margin is a non-GAAP financial measure and is calculated as adjusted EBITDA divided by net sales. See the discussion and reconciliation in the appendix. Q1’25 Q1’24 Net Sales Adj
Slide 10: Q1'25 adjusted EBITDA bridge
(1) Adjusted EBITDA is a non-GAAP financial measure. See the discussion and reconciliation in the appendix. Variable costs comprised predominantly of natural gas and electricity costs. Q1’25 adjusted EBITDA – stronger selling prices and volumes offset by higher natural gas costs (2) $ in millions (
Slide 11: Reducing exposure to natural gas price volatility
We are reducing our exposure to natural gas price volatility by increasing our sales volumes where we pass through our gas costs Source: Company estimates based on volume commitments under natural gas cost-plus contracts
Slide 12: Solid balance sheet with returns-focused capital allocation
$164 M $265 M $486 M $550 M $21 M $18 M $7 M $24 M 2.6X 2.5X Solid balance sheet with returns-focused capital allocation Increased capex reflects investments in expansion of ANS loading and storage to support growing demand Net debt/TTM Adjusted EBITDA of 2.6X, in-line with targeted level Capital a
Slide 13: El Dorado achieves pre-certification status for low carbon ammonia
The Fertilizer Institute’s Verified Ammonia Carbon Intensity program has awarded pre-certification status to El Dorado ammonia plant The program is a voluntary certification of the carbon footprint of ammonia production at a specific facility from well to production gate The procedure for calculatin
Slide 14: El Dorado low carbon ammonia project on track for late '26 startup
Commence construction of CCS facility Drilling stratigraphic wells Signed 150K ton/y off-take with Freeport Minerals Filed application for Class VI permit with EPA El Dorado low carbon ammonia project on track for late ‘26 startup 2022 1H 2H El Dorado 305-380K MT/y NH3 400-500K MT/y CO2 Signed agree
Slide 15: Appendix
Appendix
Slide 16: EBITDA and Adjusted EBITDA Reconciliation
EBITDA and Adjusted EBITDA Reconciliation (1) EBITDA is defined as net income (loss) plus interest expense and interest income net, plus loss (or less gain) on extinguishment of debt, plus depreciation and amortization (D&A) (which includes D&A of property, plant and equipment and amortization of in
Slide 17: Trailing Twelve Month EBITDA and Adjusted EBITDA
Trailing Twelve Month EBITDA and Adjusted EBITDA* (1 ) See definition of EBITDA on previous page (2) See definition of adjusted EBITDA on previous page *Columns and rows may not foot due to rounding