Ecosynthetix Inc. · TSX:ECO
Ecosynthetix — Shareholder Meeting (May 2026)
30 slides from Ecosynthetix's shareholder meeting presentation, May 21, 2026
Slide 1: Annual & Special Meeting of Shareholders
ECOSYNTHETIX INC Jeffrey Nodland, Chair ANNUAL & SPECIAL MEETING OF SHAREHOLDERS May 21, 2026
Slide 2: Agenda
AGENDA Introductions Presentation of financial results Appointment of auditors Election of directors Resolution on unallocated stock options under the stock option plan Other business Close of formal proceedings Corporate update Question and answer ECOSYNTHETIX INC. 2
Slide 3: Introductions
INTRODUCTIONS BOARD NOMINEES MANAGEMENT AUDITORS Jeffrey Nodland Jeff MacDonald PricewaterhouseCoopers LLP CEO Susan Allen Rob Haire Sara Elford CFO TRANSFER AGENT Jeff MacDonald Ted Van Egdom TSX Trust Company SVP Operations Gregory Yull Ralph DeJong VP Research & Development and Customer Solutions
Slide 4: Presentation of Financial Results
PRESENTATION OF FINANCIAL RESULTS USD millions (except gross margin) Q1 2026 Q1 2025 2025 2024 Net Sales $3.8 $4.0 $20.8 $18.5 Gross Profit $0.9 $0.9 $6.0 $5.3 Gross Margin 24.6% 21.5% 29.0% 28.6% Gross Margin adjusted for manufacturing depreciation 30.6% 27.2% 33.6% 33.2% Adjusted EBITDA1 (loss) ($
Slide 5: Board of Director Nominees
BOARD OF DIRECTOR NOMINEES Jeffrey Nodland, Chair Formerly President & CEO of KIK Custom Products. Also held executive leadership positions at Valspar, Hexion Specialty Chemicals, Resolution Performance Products, McWhorter Technologies. Chair of the board of McBride Plc. and board member of Easton S
Slide 6: Ecosynthetix Inc (Corporate Update)
ECOSYNTHETIX INC Jeff MacDonald | CEO Rob Haire | CFO May 2026
Slide 7: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation Certain statements contained in this MD&A constitute forward- a significant decrease in the market price of petroleum related feedstocks; inflationary pressures that may affect labor, raw looking statements. All statements
Slide 8: Lower carbon, healthier solutions
At EcoSynthetix, our motivation is a more sustainable & healthy future Our bio-based solutions offer lower carbon, healthier solutions vs incumbent chemicals Disruptive, clearly defined opportunities Must also deliver proven performance at competitive economics ECOSYNTHETIX INC. 8
Slide 9: What we do: Polymers from green chemistry
what we do: Patented process: POLYMERS FROM GREEN CHEMISTRY Proprietary continuous manufacturing process Patented Formula: Sustainable feedstocks + chemicals Patented product: Engineered biopolymer Proprietary engineering: Engineered solutions ECOSYNTHETIX INC. 9
Slide 10: Our target markets
OUR TARGET MARKETS 1 PERSONAL CARE hair care 1) PULP, TISSUE, PAPER & PACKAGING 2) WOOD COMPOSITES 3) PERSONAL CARE PAPER & PACKAGING label adhesives PAPER & PACKAGING WOOD MATERIALS PAPER & PACKAGING reading and advertising paper for furniture, floors solutions & construction ECOSYNTHETIX INC. 10
Slide 11: Strong commercial product line
STRONG BLUE CHIP COMMERCIAL CUSTOMERS PRODUCT LINE & PARTNERS COMMERCIALLY VIABLE GLOBAL PERSONAL LEADING SurfLock strength aids FULLY SCALED GLOBAL PULP MANUFACTURER INTERNATIONAL RETAILER, CARE FORMULATOR GLOBAL TISSUE / PAPERBOARD MANUFACTURER MANUFACTURERS DuraBind VERSATILE COST STABLE EcoSpher
Slide 12: Total addressable markets
Coated paper & paperboard TOTAL ADDRESSABLE MARKETS market Urea formaldehyde today’s potential: $15B wood resin market ONE PLATFORM – THREE PRODUCTS SB/SA Latex & Strength Aids $1B+ paper, tissue, packaging and pulp markets Polyvinylpyrrolidone $460M hair fixative binder market ECOSYNTHETIX INC. 12
Slide 13: 70%+ of sales comprised of pulp, tissue, specialty & wood composites
70%+ OF SALES COMPRISED OF PULP, TISSUE, SPECIALTY & WOOD COMPOSITES STRATEGIC MARKETS SALES SALES EVOLUTION TOWARD STRATEGIC MARKETS (Percentage of Graphic Paper Sales vs. Strategic Markets Sales) IN 2023 PERMANENTLY Sales of Graphic Paper as a % of Total Sales Sales of Strategic Markets as a % of
Slide 14: Our focus in pulp based products
OUR FOCUS IN PULP BASED PRODUCTS – PULP, TISSUE AND PACKAGING Bio-based Sustainable barriers & coating Tissue Packaging specialty binders papers PULP: Fiber Strength Enhancement ECOSYNTHETIX INC. 14
Slide 15: Historical price spread: softwood vs. hardwood fibre
HISTORICAL PRICE SPREAD: SOFTWOOD VS. HARDWOOD FIBRE BSKP vs. BHKP ($/t) 300 250 200 Gap between softwood and hardwood fibre is structural 150 Consistent imbalance of 100 high-cost softwood fibre and lower cost hardwood fibre 50 -- 50 2013 2015 2017 2019 2021 2023 2025 Source: FOEX. BCP = BHKP + BSK
Slide 16: Building momentum in pulp-based end markets with our strength aids
BUILDING MOMENTUM IN PULP-BASED END MARKETS WITH OUR STRENGTH AIDS 15 Commercial lines with SurfLock 8 New SurfLock commercial wins in 2025 Distribution and service partners generating significant trial activity ECOSYNTHETIX INC. 16 16
Slide 17: Strong demand from leading global pulp manufacturer
STRONG DEMAND FROM LEADING GLOBAL PULP MANUFACTURER Top 10 global pulp manufacturer commercial for just over a year with SurfLock SurfLock improves strength and delivers cost reductions Already a top 5 account for us through use of lower cost fibres Turning pulp from a commodity into an SurfLock add
Slide 18: Top 10 global tissue producers / top global pulp companies
TOP 10 GLOBAL TISSUE TOP 10 GLOBAL PULP PRODUCERS COMPANIES (Million tonnes per annum) (Market pulp capacity (tonnes millions)) 0 1 2 3 4 5 0 3 6 9 12 15 Essity Suzano APP/Sinar Mas UPM Kimberly-Clark Arauco Georgia-Pacific APRIL + Symbol + Bracell Hengan CMPC Sofidel Metsa P&G Domtar (PE) APP CMPC
Slide 19: Wood composites: DuraBind the clear incumbent in biobased glue market
WOOD COMPOSITES: DuraBind the clear incumbent in the biobased glue market Carbon footprint and formaldehyde reductions for wood glues with RECYCLING sustainable solutions that deliver RATES FIBRE performance and LENGTH & competitive STRENGTH economics ECOSYNTHETIX INC. 19
Slide 20: Key feedstocks for urea formaldehyde under inflationary pricing pressure
KEY FEEDSTOCKS FOR UREA FORMALDEHYDE UNDER INFLATIONARY PRICING PRESSURE AS OIL PRICES RISE € 1,000 €850/MT Methanol € 900 – Apr 2026 € 800 59%↑ since Mar € 700 €809/MT Urea Formaldehyde € 600 – Apr 2026 18%↑ since Mar € 500 € 400 € 300 € 200 € 100 €0 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19
Slide 21: International retailer driving increased awareness of bio-based glues
INTERNATIONAL RETAILER DRIVING INCREASED AWARENESS OF BIO-BASED GLUES Source: https://www.ikea.com/global/en/our-business/sustainability/our-circular-agenda/ 21
Slide 22: IKEA: a consistent history of innovative solutions
IKEA: A CONSISTENT HISTORY OF IKEA’S AMBITIOUS PLANS FOR INNOVATIVE SOLUTIONS TO REDUCE BIO-BASED GLUE BANNED AND RESTRICTED CHEMICALS Year Compound Strategy Today Formaldehyde emission levels ≤ natural wood The Kazlų Rūda factory in Lithuania became 2023 Polyvinyl Chloride (PVC) Phase out the first
Slide 23: Massive market potential for a no added formaldehyde leader
MASSIVE MARKET POTENTIAL FOR A NO ADDED FORMALDEHYDE LEADER $15B Global Wood Resin Market Oriented Medium Density Particle Board Strand Board Fiberboard No Added Formaldehyde Market Share by Application Source: Transparency Market Research Report ECOSYNTHETIX INC. 23
Slide 24: DuraBind: performance for mass adoption
DURABIND: PERFORMANCE FOR MASS ADOPTION 1,000+ TOP 15 GLOBAL WOOD-BASED PANEL MANUFACTURERS (Based on production capacity1 (million m3) serviceable addressable wood-panel lines globally 3 6 9 12 15 18 21 24 Kronospan Arauco* West Fraser Egger Swiss Krono Kastamonu Georgia-Pacific Louisiana-Pacific P
Slide 25: Progress on our all-natural polymers for personal care
PROGRESS ON OUR ALL-NATURAL POLYMERS FOR PERSONAL CARE DERIVED FROM NATURE, BACKED BY SCIENCE Dow Chemical is our distribution and STYLED with MaizeCare Style Polymer offer 5 bio-based styling products designed to address the key curly hair concerns. Whether its control, hold, boost, tame or define
Slide 26: Dow introduces MaizeCare skincare & color cosmetics
DOW INTRODUCES MAIZECARE SKINCARE & COLOR COSMETICS ECOSYNTHETIX INC. 26
Slide 27: Climate positive performance
CLIMATE POSITIVE PERFORMANCE CO2e1,2 (tonnes) Scope 1 71 Scope 2 55 Scope 3 14,617 Scope (1,2,3) 15,238 Avoided emissions without CO2 uptake 19,333 1.27:1 CARBON COVER Avoided emissions with CO2 uptake 30,355 1.99:1CARBON COVER 1) Management estimates 2) Values do not include biogenic carbon uptake
Slide 28: Building to $100M+ in sales
$100M BUILDING TO SALES $100M+ IN SALES ACHIEVABLE WITH EXISTING MOMENTUM E ACROSS END MARKETS D MULTIPLE NEW LINES IN WOOD PARTNERS COMPOSITES AND PULP, TISSUE / PACKAGING C NEW WOOD COMPOSITES MANUFACTURERS WITHIN RETAILER’S SUPPLY CHAIN INTERNATIONAL B NEW PULP, TISSUE / PACKAGING LINES GLOBAL PU
Slide 29: Questions & Answers
SSYNTHETIX® QUESTIONS & ANSWERS
Slide 30: Corporate Overview
CORPORATE OVERVIEW TSX Symbol ECO Shares Outstanding 58.8M Market Capitalization (as at May 15, 2026) C$190M Net Debt Nil Cash Balance & Short-Term Investments (as at Mar 31, 2026) US$29.8M / C$41.5M ECOSYNTHETIX INC. 30