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 safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about us, our industry and with respect to our
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 working c
Slide 4: Element Solutions Acquisition Expected to Accelerate Our Strategy and Fuel Significant, Sustainable Value Creation
Element Solutions Acquisition Expected to Accelerate Our Strategy and Fuel Significant, Sustainable Value Creation • Unlocks potential of combined electronics platform – differentiated offering in key emerging technologies such as advanced packaging and next-gen semiconductor materials MSD – HSD LSD
Slide 5: Second Quarter 2026 Consolidated Results
Second Quarter 2026 Consolidated Results Consolidated Financial Highlights Key Takeaways ($ in millions, except per share amounts) 2Q’26 2Q’25 % Change Strong YoY Net Sales growth driven by Nuclear, Electronic Materials, Refrigerants, and Net Sales $1,148 $1,033 11% Healthcare Packaging RAS Net Sale
Slide 6: Net Sales and Adjusted EBITDA Bridges
Net Sales and Adjusted EBITDA Bridges 1 Change in Net Sales Change in Adjusted EBITDA1,2 and Margin1,2 ($ in millions) ($ in millions) 4% 1% 1,148 27.4% 25.3% 7% 283 (18) 13 290 1,033 12 Timing of Volume Organic Net Sales growth1 of 11% YoY plant growth in turnaround Electronic activity and Material
Slide 7: Second Quarter 2026 Refrigerants & Applied Solutions Results
Second Quarter 2026 Refrigerants & Applied Solutions Results Financial Results RAS Net Sales ($ in millions) ($ in millions) 2Q’26 2Q’25 % Change Refrigerants $473 $418 13% 27 (1) 14 850 Nuclear 125 98 27% 55 756 Building Solutions & Intermediates 180 181 (1)% Healthcare Packaging 73 59 24% RAS Net
Slide 8: Second Quarter 2026 Electronic & Specialty Materials Results
Second Quarter 2026 Top supplier Electronic & Specialty Materials Results award from Financial Results ESM Net Sales ($ in millions) ($ in millions) 2Q’26 2Q’25 % Change Electronic Materials $119 $104 15% Safety & Defense Solutions 43 41 7% 3 3 298 15 277 Research & Performance 135 132 3% Chemicals
Slide 9: Balance Sheet and Capital Management
Balance Sheet and Capital Management Cash Flow Highlights (Six Months Ended June 30, 2026) Capital Allocation Priorities • Operating Cash Flow of $461 million reflecting strong • Committed to Maintaining Strong Balance Sheet working capital management • Uninterrupted Investment for Growth • Discipli
Slide 10: Financial Guidance
Financial Guidance Raised 3Q’26 Commentary: Previous 2026E Guidance 2026E Guidance Providing 3Q’26E Net Sales guidance of $990 – $1,030m Net Sales • Continued momentum in Refrigerants and Electronic Materials $3,900 - $4,100 $4,125 – 4,185 ($ in millions) • More modest Nuclear performance on loan re
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 Solid
Slide 12: Appendix
Appendix
Slide 13: Additional Full Year 2026 Modeling Considerations
Additional Full Year 2026 Modeling Considerations Revised ($ in millions, unless otherwise noted) 2026E Other Considerations Depreciation and Amortization Expense $220 - $240 Strong demand expected to continue in Low-GWP Refrigerants, Electronic Materials, and Nuclear Net Interest Expense1 $100 - $1
Slide 14: Consolidated Statement of Operations
Consolidated Statement of Operations For The Three Months Ended June 30, ($ in millions, except per share amounts) 2026 2025 Product sales $1,062 $945 Service sales 86 88 Net sales 1,148 1,033 Costs, expenses and other Cost of products sold 715 601 Cost of services sold 63 71 Total cost of products
Slide 15: Reconciliation of Organic Sales Percentage
Reconciliation of Organic Sales Percentage For The Three Months Ended June 30, 2026 vs. 2025 Total % Change in Net Sales 11.2% Foreign Currency Translation (0.6)% Acquisitions, Divestitures and Other, Net - Organic Sales Percentage 10.6% 15
Slide 16: Reconciliation of Adjusted EBITDA & Adjusted Standalone EBITDA
Reconciliation of Adjusted EBITDA & Adjusted Standalone EBITDA For The LTM1 For The Three Months Ended Ended June 30, June 30, ($ in millions) 2026 2025 2026 Net income attributable to Solstice Advanced Materials $119 $97 $210 Net income attributable to noncontrolling interest 15 2 74 Net Income (GA
Slide 17: Reconciliation of Adjusted Standalone EBITDA
Reconciliation of Adjusted Standalone EBITDA For The Three Months Ended June 30, ($ in millions) 2026 2025 Refrigerants & Applied Solutions (RAS) $850 $756 Electronic & Specialty Materials (ESM) 298 277 Total Net Sales 1,148 1,033 For The Three Months Ended June 30, ($ in millions) 2026 2025 RAS Adj
Slide 18: Reconciliation of Adjusted Net Income Attributable to Solstice and Adjusted Diluted EPS
Reconciliation of Adjusted Net Income Attributable to Solstice and Adjusted Diluted EPS For The Three Months For The Three Months ($ in millions, except per share amounts) Ended June 30, 2026 ($ in millions) Ended June 30, 2026 Net income attributable to Solstice Advanced Adjusted EBITDA (Non-GAAP)
Slide 19: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For The Six Months Ended ($ in millions) June 30, 2026 Net Cash Provided by Operating Activities (GAAP) $461 Less: Capital expenditures paid 213 Free Cash Flow (Non-GAAP) 248 19
Slide 20: Debt Structure
Debt Structure ($ in millions) June 30, 2026 Debt Term Loan B due 2032 $986 Unsecured Senior Notes due 2033 986 Total Debt 1,972 Less: Cash and Cash Equivalents 750 Net Debt (Non-GAAP) 1,222 LTM Adjusted Standalone EBITDA (Non-GAAP) 963 Total Leverage Ratio (Non-GAAP) 2.0 x Net Leverage Ratio (Non-G
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 include (1) Organic sales percentage, (2) Adjusted EBITDA, (3) Adjusted EBITDA Margin, (4) Adjusted Standalone EBITDA, (5) Adjusted Standalone EB
Slide 22: © Solstice
© Solstice