Element Solutions Inc. · NYSE:ESI
Element Solutions — Investor Presentation (September 2026)
18 slides from Element Solutions's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation September 2026
Slide 2: Cautionary Statement About Forward-Looking Statements
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS Please note that in this presentation and discussions that follow, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements, with respect to Element Solutions Inc (“Element S
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company presents in this presentation the following non-GAAP financial measures: EBITDA, adjusted EBITDA, adjusted EBITDA margin (i
Slide 4: Element Solutions Journey Since Founding
Element Solutions Journey Since Founding Portfolio Refinement & Acceleration Capturing New 2025 Demand Vectors Portfolio improvement (Graphics divestiture and signing of 2024 Micromax and EFC Gases & Advanced Materials acquisitions) Winning Now, Winning Later Positioning portfolio for Continuing to
Slide 5: Our Business Has Evolved
Our Business Has Evolved Significant End Market Shifts Without Sacrificing Business Quality END MARKET SHIFT1 HIGH, STABLE GROSS MARGINS* VARIABLE OPERATING COST 2 Total ESI Electronics Continued margin expansion and ~6% ~40% ~50% proven ability to pass-through metals ~15% Other Raws Consumer Consum
Slide 6: ...And Improved
…And Improved Strong stable margins and cash flow ESI Metrics 2019-2025 Ex-Metal Margin % FCF* ($M) & FCF Conversion* (%)1 350 80% 52% 52% 294 75% 51% 300 280 282 48% 70% 46% 249 253 256 250 238 65% 60% 200 59% 59% 57% 55% 150 55% 53% 50% 48% 45% 26% 27% 27% 100 47% 25% 25% 40% 50 35% 2021 2022 2023
Slide 7: Element Solutions Has Become a Higher Quality, Faster Growing Company
Element Solutions Has Become a Higher Quality, Faster Growing Company CRI* VS 2026 PROXY PEERS1 2025, % 37% 33% 29% 28% 27% 26% 25% 24% 21% 20% 20% 19% 16% 14% 11% 10% 8% 4% ESI Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 Pee
Slide 8: Electronics: Highly Complementary Electronics Materials Portfolio
Electronics Highly Complementary Electronics Materials Portfolio Assembly Circuitry Semiconductor Micromax Solutions Sales Solutions Sales Solutions Sales Sales $907M$426M (ex-metals) $528M $351M $327M $110M (ex-metals) END-MARKET DIVERSITY2 2025 NET SALES BY REGION1 ~25% Consumer $2.1B+ ~30% Data C
Slide 9: Specialties: Specified Solutions, Critical to Customer Supply Chains
Specialties Specified Solutions, Critical to Customer Supply Chains Industrial Energy EFC Gases & Solutions Sales2 Solutions Sales Advanced Materials Sales $640M $89M $74M END-MARKET DIVERSITY 2025 NET SALES BY REGION ~15% Electronics ~35% Automotive $800M+ ~20% Construction & Industrial 2025PF1 1,9
Slide 10: ESI Sales Growth Algorithm
ESI Sales Growth Algorithm Market outperformance and targets Data Center, Industrial, Automotive Automotive Other Mobile Aerospace Energy HPC & Medical & Other Electronics Surfaces Consumer Devices & Defense 2025PF Telco Infra Electronics End-market Breakdown1 ~22% ~24% ~15% ~13% ~11% ~6% ~5% ~4% Th
Slide 11: ESI Sales Growth Algorithm
ESI Sales Growth Algorithm Market outperformance and targets Circuitry Assembly Semiconductor Micromax Industrial Energy EFC Gases 2025PF Solutions Solutions Solutions Solutions Solutions & Advanced Business Unit Materials Breakdown1 ~24% ~19% ~16% ~5% ~29% ~4% ~3% Through- the-cycle Internal Growth
Slide 12: Kuprion Progress Update
Kuprion Progress Update Commercializing a novel material to solve emerging high-performance customer pain points Kuprion unlocks bulk copper performance across the electronics interconnect system POWER TRENCH PASTE FOR COPPER COIN PASTE FOR VIA FILLING FOR PRINTED CIRCUIT BOARDS HEAT DISSIPATION UNI
Slide 13: Targeting Long-Term Adj. EPS Growth of Mid-Teens %
Targeting Long-Term Adj. EPS* Growth of Mid-Teens % Compelling path forward NET SALES TARGET ADJ. EBITDA* TARGET ADJ. EPS* GROWTH TARGET Mid-Teens % HSD-LDD1% ~7% 5-6% 1-2% 30-40% Strategy Incremental Adj. execution EBITDA margins* Market Unit Growth Organic Outperformance* Incremental Margins Capit
Slide 14: Terminated Transaction Learnings Go Forward Insights
Terminated Transaction Go Forward Insights Learnings Commit to focus on and invest behind current Our shareholders value ESI’s standalone end-markets and emerging capabilities trajectory and discount alternatives that bring complexity M&A prioritizing electronics segment bolt-ons Our shareholders as
Slide 15: Appendix
Appendix
Slide 16: ESI Metrics Reconciliation
ESI metrics reconciliation (dollars in millions) 2019 2020 2021 2022 2023 2024 2025 Net sales 2,400 2,549 2,333 2,457 2,551 Impact of divested and non-core businesses (170) (175) (175) (175) (36) Impact of using constant currency rates across all periods (105) 9 37 62 49 Assembly metals pass-through
Slide 17: Cost of Sales and Operating Expenses Reconciliation
Cost of sales and operating expenses reconciliation (dollars in millions) 2025 Cost of sales 1,481 Other (3) Cost of sales prior to divested & non-core businesses adj. 1,477 Impact of divested and non-core businesses (30) Adjusted cost of sales 1,447 (dollars in millions) 2025 Operating expenses 728
Slide 18: Non-GAAP Definitions
NON-GAAP DEFINITIONS Adjusted Earnings Per Share (EPS): Adjusted EPS is a key metric used by management to measure operating performance and trends as management believes the exclusion of certain expenses in calculating adjusted EPS facilitates operating performance comparisons on a period-to-period
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