Slide 1: Investor Presentation
Investor Presentation MAY 2025 | NASDAQ: HDSN RECLAIMED ON-SITE REFRIGERANT REFRIGERANT END-OF- REFRIGERANT SERVICE LIFE MANAGEMENT
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Slide 3: Sales, Service, Buyback
Service Sales At Hudson Technologies, our commitment to environmental stewardship is core to everything we do. From initial sale of refrigerants through Reclaim Buyback recovery, reclamation and reuse, peak operating performance of equipment through energy efficiency and emergency Recovery HVAC syst
Slide 4: Building a Diversified Refrigerant Solutions Platform
BUILDING A DIVERSIFIED REFRIGERANT SOLUTIONS PLATFORM 35 Years Developing Refrigerant Technology and Driving Growth 2024 2022 2017 Acquires USA 2014 Refrigerants 2006 Enters into Acquires partnership Acquires Polar Airgas with AprilAire 1994 Gains AHRI Technologies’ Refrigerants 1993 laboratory Recl
Slide 5: Nationwide Presence
NATIONWIDE PRESENCE One of the largest reclaimers in the U.S. 7,000+ Handles >300,000 cylinders per year customers Champaign, Illinois 40+ facilities & stocking points 3 Atlanta, Georgia carbon neutral Ontario, California reclamation facilities Own 1 of 6 AHRI certified laboratories in the country 5
Slide 6: Comprehensive Product Selection
COMPREHENSIVE PRODUCT SELECTION • Broad refrigerant portfolio includes: • Legacy CFCs, HCFCs, HFCs and next-generation HFOs • EMERALD Refrigerants branded and certified reclaimed refrigerants • All products meet or exceed AHRI 700 purity standards • Available in all standard industry sizes including
Slide 7: Uniquely Positioned in the Market
UNIQUELY POSITIONED IN THE MARKET Unparallelled Refrigerant Sales Network (Virgin and Reclaimed Refrigerant) • Large wholesale network of industry distributors • Extensive consumer network of contractors, supermarkets, chemical plants, data centers, property management, industrial locations Multi-Di
Slide 8: Strategically Positioned in Refrigerant Supply Chain
STRATEGICALLY POSITIONED IN REFRIGERANT SUPPLY CHAIN Longstanding and Diverse Customer Relationships • Industrial Facilities • Residential Homes Direct to • OEMs Direct to • Light Commercial • 24/7 Cooling Needs Wholesalers Customers Buildings - Supermarkets - Chemical & Mfg Plants Wholesaler & End
Slide 9: Leader in U.S. Refrigerant Reclamation
LEADER IN U.S. REFRIGERANT RECLAMATION ✓Ability to reclaim all types of refrigerants ✓Reclaimed refrigerant provides double the gross margin of virgin HUDSON IS A LEADER IN refrigerant distribution THE U.S. REFRIGERANT ✓Diverse customer network RECLAMATION MARKET positions HDSN well to purchase reco
Slide 10: Rocky Mountain Institute (RMI) Report Defines Benefits of Reclamation
ROCKY MOUNTAIN INSTITUTE (RMI) REPORT DEFINES BENEFITS OF RECLAMATION • Refrigerant reclamation can reduce lifecycle greenhouse gas emissions by up to 70% per pound versus producing and using newly manufactured • Maximizing refrigerant reclamation to service ACHP equipment for U.S. homes can avoid 7
Slide 11: Industry Transitioning to Lower GWP Refrigerants
INDUSTRY TRANSITIONING TO LOWER GWP REFRIGERANTS Climate Directed Evolution Driving Refrigerant Industry Phase Outs AIM Act Phased Out 1996 Phased Out 2019 Current Phase Down Next Generation Hudson has played vital role CFC HCFC HFC HFO in past phase Chlorofluorocarbons Hydrochlorofluorocarbons Hydr
Slide 12: AIM Act Mandates Virgin HFC Phasedown; Driving Demand for Reclaimed HFCs
AIM ACT MANDATES VIRGIN HFC PHASEDOWN; DRIVING DEMAND FOR RECLAIMED HFCS EPA Implementing Unprecedented Virgin Refrigerant Step Down Baseline allowances will be reduced 85% by 2036 12
Slide 13: State Regulatory Actions Support Reclamation
STATE REGULATORY ACTIONS SUPPORT RECLAMATION Several states have adopted or proposed legislation that supports growth in reclamation with more expected to follow California New York Washington • Adopted Senate Bill 1206 in September 2022 • NYDEC Final Part 494 prohibits • Implemented Chapter 173-443
Slide 14: Hudson's Opportunity: Bridging the Supply Gap
HUDSON’S OPPORTUNITY: BRIDGING THE SUPPLY GAP Current State Hudson’s Opportunity • U.S. has an installed base of ~125 million Stationary HFC units today with a useful life of • Bridge the gap in HFC supply and demand with 15+ years reclaimed refrigerant • Reclamation will be necessary to service thi
Slide 15: Pursuing Strategic Relationships
PURSUING STRATEGIC RELATIONSHIPS • Attractive contractor economics; • Enabling the reduction of Hudson pays contractors for waste and greenhouse gas recovered refrigerant emissions OEM Contractor • Agreements with Lennox, April • Increasing contractor education Aire and LG Air Conditioning Partnersh
Slide 16: 2024 USA Refrigerants Acquisition
2024 USA REFRIGERANTS ACQUISITION • Long-term purchasing relationships with ACCA members and other industry groups Acquisition expands sourcing of higher • Extensive network of independent representatives with expertise in refrigerant margin recovered sourcing refrigerants • Establishes a new, dedic
Slide 17: Proprietary On-Site Refrigerant Services
PROPRIETARY ON-SITE REFRIGERANT SERVICES The ZugiBeast® is a patented portable reclamation system for on site service • ONLY reclamation technology that can go through a standard doorway into industrial settings • On-site refrigerant services provided on a nationwide basis and in emergency situation
Slide 18: Financial Snapshot
FINANCIAL SNAPSHOT Long-Term Revenue Performance De-Levered Balance Sheet and Growing Cash Position 300 ($ in millions) ($ in millions) 100 225 75 150 50 25 75 0 0 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 3/31/25. Long-term debt Cash Particularly strong revenue and profitability in 2022 and 2023
Slide 19: Three Pillars of Capital Allocation
THREE PILLARS OF CAPITAL ALLOCATION Organic Growth Acquisitions Share Repurchase 19
Slide 20: Summary
SUMMARY Diverse business model Leading provider of sustainable Largest independent source leverages multiple sales, refrigerant solutions for virgin and reclaimed reclamation and servicing refrigerants channels Proven success supporting Nationwide presence with Strong unlevered balance prior refrige
Slide 21: NASDAQ: HDSN
NASDAQ: HDSN RECLAIMED ON-SITE REFRIGERANT REFRIGERANT END-OF- REFRIGERANT SERVICE LIFE MANAGEMENT