Neo Performance Materials, Inc. · TSX:NEO
Neo Performance Materials — Investor Day (September 2025)
65 slides from Neo Performance Materials's investor day presentation, Sep 18, 2025
Slide 1: Investor Day
Investor Day Solving Critical Materials Supply for Future Facing Technologies TSX: NEO.TO | OTCQX: NOPMF September 18, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Information Non-IFRS Financial Measures The following presentation contains “forward-looking information” within the meaning of applicable securities laws in Canada. Forward-looking This presentation refers to certain specified financial measures, including non-IFRS financ
Slide 3: Today's Agenda
Today’s Agenda Overview of Neo 7 15 min Adamas Market Outlook 45 min Neo’s Operations Magnequench 18 30 min Chemicals & Oxides 34 15 min Rare Metals 46 15 min Financial Overview 55 10 min Closing Remarks 60 5 min Q&A 30 min Page # Discussion Time 3
Slide 4: Neo Executive Management Team
Neo Executive Management Team Past Experience Experience Rahim ◼ Serving as CEO since July 2023; previously EVP and CFO of Neo since January 2017 Suleman ◼ Former CFO of Stackpole International, a Tier 1 automotive supplier and has held senior finance positions in public accounting, CEO manufacturin
Slide 5: Board of Directors: Independent Directors
Board of Directors: Independent Directors Neo’s Board is comprised of current & former senior executives, with backgrounds in law, government, accounting, finance, material science, and rare earth industry management Edgar Lee Eric Noyrez Chair of Board Lead Director HESS & Compensation • 20+ years
Slide 6: Rare Earth & Magnets Industry in Crisis
Rare Earth & Magnets Industry in Crisis Fact: When an automotive plant experiences an unplanned shutdown due to supply chain disruption, it incurs millions of dollars in daily losses. 6
Slide 7: The Solution: History in the Making
The Solution: History in the Making EU President Ursula von der Leyen, at the G7 2025 Summit in Canada: > 85% of EV/ HEV traction motors use permanent RE magnets (~1-2 kg/motor) “Today, I brought with me a permanent magnet. Not just any magnet—this is a rare-earth permanent magnet. It was manufactur
Slide 8: Neo is.. By the Numbers
Neo is.. By the Numbers • A global leader in energy-saving permanent magnets and critical materials, with established technologies and geographically diverse midstream and downstream presence Revenue by Segment (LTM) % $482 • One of the best-positioned in markets that are forecast to see strong long
Slide 9: Navigating Neo's business units and applications
Navigating Neo’s business units and applications Magnequench (MQ) Chemicals & Oxides (C&O) • Rare earth magnetic • Rare earth midstream powders separation • Rare earth bonded • Specialty mixed magnets oxides • Rare earth sintered • Environmental magnets catalysts Rare Metals (RM) • Hafnium recycling
Slide 10: Neo's Edge: Unique Assets, Proven Capabilities, and Global Tailwinds
Neo’s Edge: Unique Assets, Proven Capabilities, and Global Tailwinds Electric Vehicles AI / Semi-conductors / China’s strong position (incl. Traction Computer Power in rare earth processing and magnetics today Motors) creates uncertainty around the global supply chain Environmentally Sustaining Solu
Slide 11: Macro Trends Driving Strong Growth in Neo's Products
1. Macro Trends Driving Strong Growth in Neo’s Products Magnets Critical New Energy Vehicle Materials EV & Energy Transition Permanent Magnets for Traction Motor (both Sintered and HREE- > 85% of EVs and HEVs motors use RE magnets Free Bonded) Permanent magnet generators cut weight and complexity, l
Slide 12: Geopolitical Forces & Public Policy Tailwinds
2. Geopolitical Forces & Public Policy Tailwinds Neo’s global presence and parallel supply chain uniquely position it to capture value from macro trends Global Forecasted Demand 535K (Mt of NdFeB Magnets) Customer Requiring Supply Chain Public Policy Tailwinds Fast-Growing Demand Drivers Diversifica
Slide 13: Current rare earth supply chain, outside of China
3. Current rare earth supply chain, outside of China Neo has one of the most integrated presence in the value chain with non-captive assets: Mining Separation Metals & Alloys Magnets No current Heavy Rare Earth Separation & Metals production outside of China, but many industry players are now pursui
Slide 14: Competitive Positioning and Commercial Excellence
3. Competitive Positioning and Commercial Excellence Leading Market Positions Across Multiple End Markets Select End Markets NEO Differentiation New Energy Vehicle ✓ A leading supplier of bonded magnets outside of China used in multiple applications ✓ On track to be the first EU producer of traction
Slide 15: Unique Asset Base & Technical Expertise
3. Unique Asset Base & Technical Expertise Outside-China supply chain Why Neo is Best Positioned to Win ✓ 30+ years of rare earth magnetics experience inside and outside of China Narva, Estonia Sillamäe, Estonia(1) ✓ 30+ years of experience separating light and heavy rare earths and one of only solv
Slide 16: Neo's Solutions Drive Sustainability and Efficiency
3. Neo’s Solutions Drive Sustainability and Efficiency Sustainability in Products High-Efficiency Pumps & Environmental Vehicle Electrified Transportation Clean Energy Technologies Energy Efficient Lighting Water Purification Motors Catalysts Neo magnetic materials are key Neo's magnetic materials a
Slide 17: Execution: Delivering on Commitments
3. Execution: Delivering on Commitments PROMISE MADE, PROMISE KEPT April 2023 December 2023 August 2024 August 2024 September 2024 September 2025 SCALABILITY OPERATIONAL EXCELLENCE PORTFOLIO STREAMLINE CUSTOMER WINS ON TIME, ON BUDGET ON TIME, ON BUDGET Acquired SG Tech Silmet Transformation Sale of
Slide 18: Delivering Growth & Capital Returns to Shareholders
Delivering Growth & Capital Returns to Shareholders Neo is strategically positioned to capitalize on mega-trends and the growing demand for secure critical materials supply chains 1. Financial Strength & 2. Strong Growth 3. Execution Resilience Prospects Value-added business model Long-term growth s
Slide 19: Magnequench
nee” Magnequench
Slide 20: Magnequench: Overview
Magnequench: Overview Magnequench is one of the leaders in the RE magnet industry and has operated and grown its business both inside and outside of China for nearly 40 years by continuously developing new technologies and services for its customers. Business Unit Highlights Select Products & Applic
Slide 21: Key Growth Markets
Key Growth Markets MQ is well positioned to serve growth markets such as New Energy Vehicles, Artificial Intelligence Technology, Robotics, Unmanned Aerial Vehicles (Drone) and Wind which are benefitting from favorable consumer trends, green transition and stricter government regulations. New Energy
Slide 22: Key Growth Markets
Key Growth Markets MQ is well positioned to serve growth markets such as New Energy Vehicles, Artificial Intelligence Technology, Robotics, Unmanned Aerial Vehicles (Drone) and Wind which are benefitting from favorable consumer trends, green transition and stricter government regulations. Wind Turbi
Slide 23: Bonded Magnets
Bonded Magnets Demonstrable growth since entering the market in 2019; increasing customer stickiness by leveraging SGTec to continue technical leadership and expand magnet assemblies MQ Bonded Magnet Sales Volume, MT (ex-SGTec) MQ’s Value Proposition/Unique Positioning ✓ Best powder manufacturing te
Slide 24: Bonded Magnetic Powders in NEV Traction Motor Magnets
Bonded Magnetic Powders in NEV Traction Motor Magnets Case Study: First-of-kind commercialized Rare Earth magnetics in HEV Traction Motor without heavy rare earths • Platforms awarded: ‘16, ‘18, ‘20, ‘22, ’26 and ‘27 model years Magnetic Powder • Significant future growth MQ’s Advanced Quenching t
Slide 25: Technical Competency: Leveraging Innovation in Magnetics
Technical Competency: Leveraging Innovation in Magnetics Our commitment to innovation has ensured that we remain at the cutting edge of the magnetic materials industry, delivering solutions that empower our customers to achieve their goals. MQ Technical Leadership & Competency NdFeB Magnetic Materia
Slide 26: Technical Competency: Leveraging Innovation in Magnetics
Technical Competency: Leveraging Innovation in Magnetics Our track record of innovation in the bonded space also directly contributing to the launch of our Sintered Magnet business Raw Powders Making Magnets Making Finished Magnets (Surface Process Materials (Rapid solidification + Milling + Additiv
Slide 27: Why Estonia?
Why Estonia? Market growth in Europe, driven by major motor makers and the Critical Raw Material Act (CRMA) for local-to-local & sustainability supply. Neo • Separation, Metal Making, Magnet Making & Recycling are vertically Integrated in Estonia. Market Size De-risk Goal • Europe, home to the large
Slide 28: Sintered Magnets: Capacity Expansion
Sintered Magnets: Capacity Expansion Neo Annual Permanent Magnet Capacity Target • MQ plans to execute on growth in phases. Phase 1a will be a 2,000MT/yr capacity greenfield facility in Narva, Estonia. 10,000 MT • Once we begin our ramp and production in Phase 1a, we plan to start Phase 1b expansion
Slide 29: Sintered Magnets: Customer Acquisition and Go-To-Market Strategy
Sintered Magnets: Customer Acquisition and Go-To-Market Strategy ✓ RE sourcing expertise Initial Product map ✓ Co-inventor of NdFeB ✓ Rapid Solidification ✓ Grain Size Control ✓ Raw Material Optimization Go To Market: Initial MQ NdFeB Marketing Approach Materials Expertise MQ focus: • Identify key a
Slide 30: Magnequench Facilities
Magnequench Facilities Tianjin (MQTJ), China Chuzhou (MQCZ), China Korat (MQK), Thailand SG Tech (SGT), United Kingdom Permanent Magnets (MQPM), Estonia Technology Center (MQT), Singapore 30
Slide 31: Magnequench Facilities - Sintered
Magnequench Facilities - Sintered Strip Casting Hydrogen Decrepitation Jet Milling Pressing Sintering Machining Assembly Chamfering Coating Auto Inspection Strip Casting (lab) Hydrogen Decrepitation (lab) Jet Milling (lab) Pressing (lab) Sintering (lab) 31
Slide 32: Magnequench Facilities - Powders
Magnequench Facilities - Powders Alloying Rapid Solidification Milling Encapsulation Mixing Warehouse 32
Slide 33: Magnequench Facilities – Bonded
Magnequench Facilities – Bonded Pressing Curing Automation lines 33
Slide 34: Magnequench Facilities – Bonded
Magnequench Facilities – Bonded Coating lines Auto Inspection Sorting & Packing Area 34
Slide 35: Chemical & Oxides
nee” Chemical & Oxides
Slide 36: Chemicals and Oxides: Overview
Chemicals and Oxides: Overview C&O manufactures specialty rare earth chemicals for advanced industrial applications Business Unit Overview Select Markets & Applications Top 3 producer of value-added products for automotive catalysts New REE HRE Separation & Emission World-class processing and ad
Slide 37: Facility Overview: C&O Silmet, Estonia
Facility Overview: C&O Silmet, Estonia NPM Silmet OÜ (Sillamäe, Estonia) Value Proposition • Existing LRE separation in Europe, with decades of manufacturing process experience • Unique asset as non-captive separator in the market • Downstream Value Add Process for Water Treatment and Catalyst Appli
Slide 38: HREE SX Strategy – Technology Leader Positioned for Growing Market
HREE SX Strategy – Technology Leader Positioned for Growing Market Terbium and Dysprosium oxides are critically under-supplied outside China; Neo’s industry leading HREE SX Technology ready to be upscaled in Europe HREE Objectives & Strategic Direction Supply/Demand • Critical Need – Tb/Dy availabil
Slide 39: Growth Strategy for Silmet SX
Growth Strategy for Silmet SX Ideal Strategic Rare Earth Feed & Customer Partner Multiple Potential OOC Feedstock Sources Feedstock diversification strategy: As a non-captive separator, Silmet is actively developing multiple feedstock partnerships across globally, ensuring long-term OOC supply secur
Slide 40: Facility Overview: NAMCO, China
Facility Overview: NAMCO, China NAMCO (China) Value Proposition • Highly automated facility, best-in-class manufacturing layout with low sustaining CapEx requirement • NAMCO has incremental production capacity supporting more complex emission control architectures that is demanded by further restric
Slide 41: Facility Overview: NAMCO, China
Facility Overview: NAMCO, China Property: 70,000 sqm Plant Size: 26,500 sqm Production Incoming Raw Mat. Engineering Facility Utilities Office Bldg. Finished Goods KEY • Over 20 years of experience enabled Neo to create a manufacturing footprint maximizing efficiencies in 41 TAKEAWAYS operations, qu
Slide 42: Automotive Catalysts: Growth Outlook
Automotive Catalysts: Growth Outlook Ongoing Regulatory Changes to Drive Continued Demand for Automotive Catalysts The automotive catalyst market is forecast to grow steadily through 2030, driven by stricter emissions regulations prompting adoption of advanced catalyst systems for both gasoline an
Slide 43: Water Treatment: New and Growing Product Offering
Water Treatment: New and Growing Product Offering Neo's Water Treatment solution allows wastewater facilities to achieve challenging nutrient removal faster and more efficiently compared to traditional products, providing solution with fewer residuals while reducing operating costs. Overview of the
Slide 44: Silmet LRE and HRE-SX Process
Silmet LRE and HRE-SX Process 44
Slide 45: NAMCO China Automotive Catalyst Production
NAMCO China Automotive Catalyst Production 45
Slide 46: New Technology Applications: Pioneering New Products based on Rare Earth and Mixed Oxide Technologies
New Technology Applications: Pioneering New Products based on Rare Earth and Mixed Oxide Technologies Neo delivering innovation to its current customers, expanding product portfolios, and entering new industries for specialty chemical materials. Flame, Thermal Stabilizer & Smoke Suppressants Nano-sc
Slide 47: Rare Metals
nee” Rare Metals
Slide 48: Rare Metals: Overview
Rare Metals: Overview Rare Metals recycles, produces and refines high value critical metals and their compounds, including niobium, hafnium, tantalum, and gallium. Business Unit Overview Rare Metal’s Products & Applications A global leader in recycling and refining critical materials, enabling ful
Slide 49: Rare Metals: Peterborough Recycling/Upgrade Plant
Rare Metals: Peterborough Recycling/Upgrade Plant Neo Performance Materials, ULC (Peterborough, ON) Value Proposition • Strategic Asset: Unique position as only Ga recycling in NA. • Sustainable Feed Processing: Proprietary recycling recovers Ga from diverse sources while upholding high standards in
Slide 50: Uniquely Positioned to Support a Gallium Circular Economy
Uniquely Positioned to Support a Gallium Circular Economy Neo’s Position in a Gallium Circular Economy Primary Ga through Ion Exchange (IX) Technology Primary • IX is the most common process for recovering Ga from Strategic Global Partnerships for Scrap Acquisition Gallium Alumina Production Neo h
Slide 51: Rare Metals: Silmet Plant
Rare Metals: Silmet Plant NPM Silmet OÜ (Sillamäe, Estonia) Value Proposition • World-Class Melting Capacity: Among the largest global electron beam melting facilities for refractory metals with 250MT/a capacity and decades of production scale knowhow. • Industry-Leading Quality: Delivers consistent
Slide 52: Rare Metals: Sagard Production & Recycling
Rare Metals: Sagard Production & Recycling Buss & Buss Spezialmetalle GmbH (Germany) Value Proposition • Business Setup: Neo owns 50.1% in JV • Proprietary Processing: Business with unique flow sheet process enabling efficient upgrade of hafnium and tantalum, with access to scrap sources worldwide •
Slide 53: Strong Growth Prospects: Critical Materials
Strong Growth Prospects: Critical Materials Neo’s rare metals are critical, sustainably sourced & strategic • The building blocks of Neo’s rare metals business are gallium, hafnium, Aerospace | Superalloys Hf Ta Superalloys Nuclear Space Superalloys niobium and tantalum “Over the next 20 years we of
Slide 54: Rare Metals: Products
Rare Metals: Products 54
Slide 55: Rare Metals: Electronic Beam Furnace process
Rare Metals: Electronic Beam Furnace process 55
Slide 56: Neo Financials
nee” Neo Financials
Slide 57: Areas of focus
Areas of focus Capital Efficiency: Financial performance: Investor focus: • Streamline portfolio • High quality earnings • Enhanced IR engagement • High-return investments • Discipline cost control • Expanded retail outreach • Strong balance sheet to • Robust cash generation • Transparent guidance f
Slide 58: Financial Performance
$64-68m FY 2025 Outlook Financial Performance VS ~0%-6% YoY Trending EBITDA ($m) ADJUSTED EBITDA( 1) $64m FY 2024 Actuals $64M – 68M ~73% YoY Outlook VS $37m in FY 2023 Actuals Magnequench • Growing value-add bonded magnets with assembly capabilities 82 79 • Conversion cost reduction efforts further
Slide 59: Balance Sheet
Balance Sheet Liquidity (1) ($m) Strength in Balance Sheet • Healthy cash balance with conservative leverage and available liquidity $6 • Substantial working capital improvements with opportunity for further reductions • Completed strategic capital projects on-time and on budget driving future growt
Slide 60: Cash Flows and Capital Allocation
Cash Flows and Capital Allocation Strength in Cash Flow and Capital Allocation • Disciplined capital deployment across strategic projects completing on-time and on-schedule • Delivering shareholder returns through dividend and NCIB balanced with growth • Robust cash flow generation with strong cash
Slide 61: Closing Remarks
nee” Closing Remarks
Slide 62: Clearly Defined Strategic Priorities to Drive Future Growth
Clearly Defined Strategic Priorities to Drive Future Growth Growth Opportunities Expansion and Operational Improvement / Cost Saving Initiatives Portfolio Phase 1(b) of MQPM followed Optimization by Phase 2-4 expansion and Asset Reconfiguration MQPM phase 1(a) completed on-time and on-budget wit
Slide 63: Positioned to unlock value
Positioned to unlock value Neo delivers ~$65M of Adj. EBITDA producing critical materials essential to global supply chains Stable Base • High earnings quality and disciplined cost management driving earnings growth Business • Provides a reliable cash generating platform to support reinvestment and
Slide 64: Key Highlights
Key Highlights 1 A Global Leader in Growing Markets 2 High Growth End Markets Benefiting from Accelerating Secular Tailwinds Strategically Positioned to Serve the Need for Supply Chain Diversification 3 and Local Supply Sourcing Outside of China 4 A Technology & Innovation Leader with Extensive R&D
Slide 65: Suite 1740, 121 King Street West Toronto, Ontario, Canada, M5H 3T9 For further investor
Performance Materials Corporate Headquarters Suite 1740, 121 King Street West Toronto, Ontario, Canada, M5H 3T9 (416) 367 8588 For further investor Follow us on: information and A black and white logo company updates: Description ir@neomaterials.com
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