Slide 1: Perimeter Solutions Q2 2025 Earnings
Perimeter Solutions, Inc. Q2 2025 Earnings August 7, 2025
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation and discussion are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on Perimeter Solutions, Inc.’s (the “Company”) expectations, intentions and projections regarding the Company’s fu
Slide 3: Three Elements Achieves Purpose
Three Elements Achieves Purpose Exceptional Value Creation Our Decentralization Product Lines Strategy Purpose Fire Safety / Operational Value Drivers Operating Autonomy Fulfill Mission Specialty Products ▪ Profitable New Business ▪ Mission Critical ▪ Productivity & Budget Accountability Deliver pri
Slide 4: Operational Developments
Operational Developments Fire Safety Specialty Products 4
Slide 5: Q2 2025 Financial Summary
Q2 2025 Financial Summary ($000) Q2 '24 Q2 '25 y/y YTD '24 YTD '25 y/y Fire Safety Revenue 98,538 120,284 22% 123,693 157,447 27% Adjusted EBITDA 55,639 77,659 40% 55,398 87,744 58% Adjusted EBITDA Margin 56% 65% 45% 56% Specialty Products Revenue 28,738 42,355 47% 62,627 77,222 23% Adjusted EBITDA
Slide 6: Long-Term Assumptions
Long-Term Assumptions Item Forward-Looking Assumption Interest Expense ~$40M annually Tax-deductible D&A and other ~$20-25M annually Cash Tax Rate (1) ~20-25% Capital Expenditures ~$15-30M annually Annual Change In Working Capital ~10% of revenue growth Current Basic Shares Outstanding ~145.9M (2) (
Slide 7: Capital Allocation Priorities
Capital Allocation Priorities Priority Q2 ‘25 ▪ Support our customers’ mission Capex ✓ $9.7M* ▪ Drives Profitable New Business and Productivity M&A ▪ Acquiror advantage from Value Drivers implementation ✓ $20.0M Share ▪ Repurchase shares when compelling opportunities arise ✓ $32.2M Buybacks Special
Slide 8: Senior Secured Notes: Attractive Debt Profile, Ample Liquidity
Attractive Debt Profile, Ample Liquidity Maturity Schedule $800M $700M $675M Debt $600M 5% fixed rate $500M Senior Secured Notes $400M $300M $200M $100M $0M $0M $0M $0M $0M 2025 2026 2027 2028 2029 • NO financial maintenance covenants • 1.7x net debt to LTM Adjusted EBITDA of $312.7M $ • $140.7M cas
Slide 9: Appendix
Appendix
Slide 10: Incentive Alignment
Incentive Alignment Stock Options • Approximately 17.1M stock options granted to management, employees, and directors are outstanding as of June 30, 2025 • Vest over five years based on intrinsic share price growth Founders Advisory Agreement (pertaining to the EverArc Founders) • Fixed Annual Advis
Slide 11: Non-GAAP Financial Metrics (Consolidated): Adjusted EBITDA
Non-GAAP Financial Metrics (Consolidated) Adjusted EBITDA & Adjusted EBITDA Margin The computation of Adjusted EBITDA is defined as income (loss) before income taxes plus net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recu
Slide 12: Non-GAAP Financial Metrics (Consolidated)
Non-GAAP Financial Metrics (Consolidated) (1) For the three months ended June 30, 2025, $0.2 million was related to acquisition costs and $0.1 million was related to other non-recurring costs. For the six months ended June 30, 2025, $0.8 million was related to acquisition costs, $0.4 million was rel
Slide 13: Adjusted Earnings Per Share & Adjusted Diluted Shares
Non-GAAP Financial Metrics (Consolidated) Adjusted Earnings Per Share & Adjusted Diluted Shares The computation of Adjusted Earnings Per Share (“Adjusted EPS”) is defined as Adjusted Net Income (loss) divided by adjusted diluted shares. Adjusted Net Income is defined as net income (loss) plus amorti
Slide 14: Adjusted Earnings Per Share - QTD
Non-GAAP Financial Metrics (Consolidated) Adjusted Earnings Per Share - QTD 14
Slide 15: Adjusted Earnings Per Share - YTD
Non-GAAP Financial Metrics (Consolidated) Adjusted Earnings Per Share - YTD 15
Slide 16: LTM Adjusted EBITDA and Net Debt to LTM Adjusted EBITDA
Non-GAAP Financial Metrics (Consolidated) Last Twelve Months (“LTM”) Adjusted EBITDA Net Debt to LTM Adjusted EBITDA ($000) LTM 6/30/2025 Income before income taxes 41,170 Depreciation and amortization 67,764 Interest and financing expense 38,797 Founders advisory fees - related party 145,657 Non-re
Slide 17: Free Cash Flow
Non-GAAP Financial Metrics (Consolidated) Free Cash Flow 17
Slide 18: Thank You!
Thank You! NOTICE: Although the information and recommendations set forth herein (hereinafter “Information”) are presented in good faith and believed to be correct as of the date hereof, Perimeter Solutions/Solberg/Auxquimia (the “Company”) makes no representations or warranties as to the completene