Slide 1: 1Q 2026 Earnings Presentation
May 8, 2026 1Q 2026 Earnings Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or
Slide 3: Overview: Executing Strategic Initiatives Amid Dynamic Market Conditions
Overview Executing Strategic Initiatives Amid Dynamic Market Conditions ✓ Delivered Solid First Quarter Performance, with Focus on Full Year Outcomes – Commercial execution and sales volume improvement helped mitigate winter storm impacts and continued subdued industrial end market demand – Continui
Slide 4: 1Q 2026 Financial Summary
1Q 2026 Financial Summary ($M) 1Q26 +7% YoY Drivers • Revenue growth driven by favorable chemical intermediates sales Sales volume and higher ammonium sulfate pricing $404M $378 $360 $404 • Higher raw materials costs (sulfur and natural gas) impacting ammonium sulfate margins 1Q25 4Q25 1Q26 • Lower
Slide 5: 1Q 2026 Sales By Product Line
1Q 2026 Sales By Product Line Sales YoY Sales +7% QoQ Sales +12% % Formula / Product Price +1% Volume +6% Price +8% Volume +4% Index ($M) Nylon ~40% ~Flat +1% CPL ~85% 88 88 PN ~0% 63 67 64 68 CI ~60% 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Nylon Caprolactam YoY Raw Materials Pass Through (2%), Market-Based +
Slide 6: Diversified End Market Exposure
Diversified End Market Exposure End Market ASIX Exposure End Market Performance / Outlook +Higher nitrogen pricing environment; Sulfur nutrition demand growing 3-4% Ag / Fertilizer - Caution around North American crop prices and farmer profitability - Meaningfully higher sulfur input costs Building
Slide 7: Integrated Ammonia Platform – Diesel Exhaust Fluid (DEF) Growth Project
Integrated Ammonia Platform – Diesel Exhaust Fluid (DEF) Growth Project Leveraging Integrated Assets to Supply Growing Regional DEF Demand ➢ Entered into a process design and licensing agreement to assess expansion of our integrated Project / Market ammonia platform to supply the growing regional DE
Slide 8: Compelling Investment Thesis
Compelling Investment Thesis Value Drivers Supporting Through-Cycle Profitability and Sustainable Performance ✓ Leading global cost advantage in vertically integrated caprolactam production – unique combination of assets and business model core to our advantage Durable Competitive ✓ Largely insulate
Slide 9: Appendix
AovanSix APPENDIX Good chemistry,
Slide 10: Key Performance Indicators / Industry Metrics
Key Performance Indicators / Industry Metrics KPIs / Industry Metrics 1Q25 4Q25 1Q26 2Q26E • Working actions and pricing mechanisms to U.S. Benzene ($/MT) ~$875 ~$800 ~$950 $1,300-$1,350 recover inflationary raw material cost pressures Input Costs U.S. Polymer Grade Propylene (c/lb) ~$0.45 ~$0.31 ~$
Slide 11: Planned Plant Turnarounds
Planned Plant Turnarounds Pre-Tax Income Impact by Quarter (1) Primary Unit 1Q 2Q 3Q 4Q FY Operation • Timing driven by compliance, 2017 -- ~$10M ~$4M ~$20M ~$34M Sulfuric Acid inspection and sustaining asset base 2018 ~$2M ~$10M ~$30M -- ~$42M Ammonia • Critical to supporting high utilization 2019
Slide 12: Reconciliation of Non-GAAP Measures to GAAP Measures
Reconciliation of Non-GAAP Measures to GAAP Measures
Slide 13: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in $ thousands) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment. The Company believes that this metric is useful to investo
Slide 14: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in $ thousands) (2) Legal and professional fees associated with strategic regulatory matters and potential inorganic growth options, including costs associated with a transaction the Company is no longer pursuing (3) Adjusted EBITDA margin is defined
Slide 15: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Reconciliation of Earnings Per Share to Adjusted Earnings Per Share (in $ thousands except share and per share amounts) The Company believes the non-GAAP financial measures included in this presentation provide meaningful supplemental information as they are used by the Company’s management to evalu