Ecosynthetix Inc. · TSX:ECO
Ecosynthetix — Investor Presentation (March 2026)
27 slides from Ecosynthetix's investor presentation, March 2026
Slide 1: EcoSynthetix Inc
ECOSYNTHETIX INC Jeff MacDonald | CEO Rob Haire | CFO March 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation constitute forward-looking statements. All statements other than and changes in customer demand; credit and concentration risk associated with cash and cash equivalents as well as accounts statements of historical fact may
Slide 3: Our motivation is a more sustainable and healthy future
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. 3
Slide 4: 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. 4
Slide 5: 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. 5
Slide 6: Products resonating
PRODUCTS resonating: Essential Building Block for Progress LEADING GLOBAL MANUFACTURER/ COMMERCIALLY RETAILER VIABLE VERSATILE COST STABLE FULLY SCALED SAFE LEADING GLOBAL TISSUE / PAPERBOARD MANUFACTURERS LOW CARBON NATURALLY FOOTPRINT DERIVED ECOSYNTHETIX INC. 6
Slide 7: 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 $460M hair fixative binder market ECOSYNTHETIX INC. 7
Slide 8: 70%+ of sales comprised of pulp, tissue, specialty and wood composites
70%+ OF SALES COMPRISED OF PULP, TISSUE, SPECIALTY & WOOD COMPOSITES STRATEGIC MARKETS SALES SALES EVOLUTION TOWARD STRATEGIC MARKETS (Percentage of Graphic Paper Sales vs. Strategic Markets Sales) IN 2023 PERMANENTLY Sales of Graphic Paper as a % of Total Sales Sales of Strategic Markets as a % of
Slide 9: Our focus in pulp based products
OUR FOCUS IN PULP BASED PRODUCTS – PULP, TISSUE AND PACKAGING Bio-based Sustainable barriers & coating Tissue Packaging specialty binders papers PULP: Fiber Strength Enhancement ECOSYNTHETIX INC. 9
Slide 10: Historical price spread: softwood vs hardwood fibre
HISTORICAL PRICE SPREAD: SOFTWOOD VS. HARDWOOD FIBRE BSKP vs. BHKP ($/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 11: Building momentum in pulp-based end markets with 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 Expanded distribution and service partner provider relationships ECOSYNTHETIX INC. 11 11
Slide 12: Strong demand from leading global pulp manufacturer
STRONG DEMAND FROM LEADING GLOBAL PULP MANUFACTURER Top 10 global account commercial for only one 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 addresses innova
Slide 13: Top global tissue producers and 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 14: Wood composites: DuraBind the clear incumbent in biobased glue
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. 14
Slide 15: 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/ 15
Slide 16: IKEA: consistent history of innovative solutions to reduce banned chemicals
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 17: 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. 17
Slide 18: 0.005 ppm independent third-party testing
0.005 ppm Independent third-party testing of wood composite manufactured with DuraBind Source: SWISS KRONO BE.YOND Special Edition (https://www.swisskrono.com/ch-en/products/interiors/beyond-special-edition/#/) 1818
Slide 19: 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 20: 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 21: Dow introduces MaizeCare skincare and color cosmetics
DOW INTRODUCES MAIZECARE SKINCARE & COLOR COSMETICS ECOSYNTHETIX INC. 21
Slide 22: 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 23: 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 LEADING LEADING GLOBAL GLOBAL TISSUE / B NEW PULP, TISSUE /
Slide 24: Questions & Answers
SSYNTHETIX® QUESTIONS & ANSWERS
Slide 25: Stronger demand across strategic end markets delivered growth
STRONGER DEMAND ACROSS STRATEGIC END MARKETS DELIVERED GROWTH TO OFFSET SOFT DEMAND IN PAPER MARKET (USD millions) Net Sales Adj EBITDA (loss) Cash provided by operating activities $20.8 $1.1 $18.5 Q4 2024 Q4 2025 FY 2024 FY 2025 $0.5 $0.4 12% $0.1 $0.0 4X 149% 65% $5.4 $5.9 $(0.3) 9% Q4 2024 Q4 202
Slide 26: Q4 2025 financial summary
Q4 2025 FINANCIAL SUMMARY USD millions (except gross margin) Q4 2025 Q4 2024 2025 2024 Net Sales $5.9 $5.4 $20.8 $18.5 Gross Profit $2.0 $1.6 $6.0 $5.3 Gross Margin 33.9% 28.9% 29.0% 28.6% Gross Margin adjusted for manufacturing depreciation 38.1% 34.4% 33.6% 33.2% Adjusted EBITDA1 (loss) $0.5 $0.1
Slide 27: Corporate overview
CORPORATE OVERVIEW TSX Symbol ECO Shares Outstanding 59.1M Market Capitalization (as at Mar 5, 2026) C$214M Net Debt Nil Cash Balance & Short-Term Investments (as at Dec 31, 2025) US$29.6M / C$40.8M ECOSYNTHETIX INC. 27