Slide 1: Second Quarter 2026 Financial Results
July 30, 2026 Second Quarter 2026 Financial Results © 2026 Solstice Advanced Materials Inc.
Slide 2: Forward-Looking Statements & Other Disclaimers
Forward - Looking Statements & Other Disclaimers This presentation contains “forward - looking statements” within the meaning of the federal securities laws made pursuant to the s afe harbor provisions of the Private Securities Litigation Reform Act of 1995 about us, our industry and with respect to
Slide 3: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Strong top and bottom - line results; double - digit sales growth across Refrigerants, Nuclear, Electronic Materials and Healthcare Packaging Sound execution through macroeconomic volatility, plant turnarounds, and TSA exits Solid cash generation with disciplined worki
Slide 4: Element Solutions Acquisition Expected to Accelerate Our Strategy and Fuel Value Creation
Element Solutions Acquisition Expected to Accelerate Our Strategy and Fuel Significant, Sustainable Value Creation 4 1 Cash conversion defined as (Adj. EBITDA – Capex) / Adj. EBITDA. 2 For illustrative purposes. Combined company revenue includes pro forma adjustment for Micromax and EFC acquisitions
Slide 5: Second Quarter 2026 Consolidated Results
Second Quarter 2026 Consolidated Results % Change 2Q ’ 25 2Q ’ 26 ($ in millions, except per share amounts) 11% $1,033 $1,148 Net Sales 23% $ 97 $119 Net Income attributable to Solstice Advanced Materials 23% $0.61 $0.75 Diluted EPS N/A N/A $0.88 Adjusted Diluted EPS 1 2% $283 $290 Adjusted EBITDA 1
Slide 6: Net Sales and Adjusted EBITDA Bridges
1,033 7% 4% 1% 1,148 2Q'25 Net Sales Volume Price FX 2Q'26 Net Sales 283 (18) 12 13 290 2Q'25 Adj. EBITDA RAS ESM Corporate / Standalone Adj. 2Q'26 Adj. EBITDA Net Sales and Adjusted EBITDA 1 Bridges 27.4% 25.3 % 6 1 Non - GAAP financial measure. Historical reconciliations of non - GAAP financial me
Slide 7: Second Quarter 2026 Refrigerants & Applied Solutions Results
Second Quarter 2026 Refrigerants & Applied Solutions Results • YoY increase in RAS Net Sales primarily driven by 13% growth in Refrigerants, 27% growth in Nuclear and 24% growth in Healthc are Packaging, while Building Solutions & Intermediates was roughly flat • Refrigerants strength led by continu
Slide 8: Second Quarter 2026 Electronic & Specialty Materials Results
Second Quarter 2026 Electronic & Specialty Materials Results • YoY increase in ESM Net Sales primarily driven by 15% growth in Electronic Materials reflecting volume growth on robust custo mer demand across multiple product categories, which we expect to continue to accelerate • Broad - based streng
Slide 9: Balance Sheet and Capital Management
1 Capital expenditures represents capital expenditures incurred, whether or not paid in the current year. 2 Non - GAAP financial measure. Historical reconciliations of non - GAAP financial measures provided in the appendix of this presentation. Balance Sheet and Capital Management Cash Flow Highligh
Slide 10: Financial Guidance: Raising Full-Year Guidance
3Q’26 Commentary: Providing 3Q’26E Net Sales guidance of $990 – $1,030m • Continued momentum in Refrigerants and Electronic Materials • More modest Nuclear performance on loan returns, order timing • Consistent margin performance 2026 Commentary: • Assumes stable macroeconomic environment • Negative
Slide 11: Key Takeaways
Key Takeaways Raising full - year 2026 guidance on continued strong business performance Well - aligned to strong secular trends such as artificial intelligence, data centers, semiconductor manufacturing, and nuclear energy Rigorous focus on operational execution and delivering on our commitments So
Slide 12: Appendix
Appendix
Slide 13: Additional Full Year 2026 Modeling Considerations
Additional Full Year 2026 Modeling Considerations 2026E ($ in millions, unless otherwise noted) $220 - $240 Depreciation and Amortization Expense $100 - $105 Net Interest Expense 1 ~24 - 26% Effective Tax Rate ~$60 Noncontrolling Interest Other Considerations Strong demand expected to continue in Lo
Slide 14: Statement of Income, Three Months Ended June 30
For The Three Months Ended June 30, 2025 2026 ($ in millions, except per share amounts) $945 $1,062 Product sales 88 86 Service sales 1,033 1,148 Net sales Costs, expenses and other 601 715 Cost of products sold 71 63 Cost of services sold 671 778 Total cost of products and services sold 23 25 Resea
Slide 15: Reconciliation of Organic Sales Percentage
For The Three Months Ended June 30, 2026 vs. 2025 11.2% Total % Change in Net Sales (0.6)% Foreign Currency Translation - Acquisitions, Divestitures and Other, Net 10.6% Organic Sales Percentage Reconciliation of Organic Sales Percentage 15
Slide 16: Reconciliation of Adjusted EBITDA & Adjusted Standalone EBITDA
For The LTM 1 Ended June 30, For The Three Months Ended June 30, 2026 2025 2026 ($ in millions) $210 $97 $119 Net income attributable to Solstice Advanced Materials 74 2 15 Net income attributable to noncontrolling interest 284 99 134 Net Income (GAAP) 193 55 54 Depreciation 28 4 3 Amortization 78 2
Slide 17: Reconciliation of Adjusted Standalone EBITDA
Reconciliation of Adjusted Standalone EBITDA 17 For The Three Months Ended June 30, 2025 2026 ($ in millions) $756 $850 Refrigerants & Applied Solutions (RAS) 277 298 Electronic & Specialty Materials (ESM) 1,033 1,148 Total Net Sales For The Three Months Ended June 30, 2025 2026 ($ in millions) $298
Slide 18: Reconciliation of Adjusted Net Income and Adjusted Diluted EPS
Reconciliation of Adjusted Net Income Attributable to Solstice and Adjusted Diluted EPS 18 1 Other adjustments primarily consisted of gains and losses from disposal of long - lived assets, remeasurement of foreign currencie s, environmental reserves, asset retirement obligations, nonoperating pensio
Slide 19: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow 19 For The Six Months Ended June 30, 2026 ($ in millions) $461 Net Cash Provided by Operating Activities (GAAP) 213 Less: Capital expenditures paid 248 Free Cash Flow (Non - GAAP)
Slide 20: Debt Structure
June 30, 2026 ($ in millions) Debt $986 Term Loan B due 2032 986 Unsecured Senior Notes due 2033 1,972 Total Debt 750 Less: Cash and Cash Equivalents 1,222 Net Debt (Non - GAAP) 963 LTM Adjusted Standalone EBITDA (Non - GAAP) 2.0 x Total Leverage Ratio (Non - GAAP) 1.3 x Net Leverage Ratio (Non - GA
Slide 21: Non-GAAP Financial Measures
Non - GAAP Financial Measures The Company uses non - GAAP financial measures to supplement the financial measures prepared in accordance with U.S. GAAP. These i nclude (1) Organic sales percentage, (2) Adjusted EBITDA, (3) Adjusted EBITDA Margin, (4) Adjusted Standalone EBITDA, (5) Adjusted Standalo
Slide 22: Message to Solstice employees, July 30, 2026
The following message was delivered to employees of Solstice on July 30, 2026. Message from David to all employees Subject line: Solstice reports strong second-quarter results and raises full-year guidance
Slide 23: Message from David to all employees
the ability of the parties to obtain or consummate financing related to the proposed transaction upon acceptable terms or at all; risks associated with third party contracts containing consent and/or other provisions triggered by the and Dear Solstice Advanced Materials Team, Today, we announced Sol