Ascent Industries Co. · NASDAQ:ACNT
Ascent Industries — LD Micro Invitational XVI 2026
26 slides from Ascent Industries's conference presentation, May 18, 2026
Slide 1: LD Micro Invitational XVI
ACNTNASDAQ LD Micro Invitational XVI May 17-19, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. All statements that are not historical facts are forward-looking statements. Forward looking sta
Slide 3: CEO & CFO Have a Proven Track Record of Making Good Specialty Chemical Companies Great
Kitchen, Kavalauskas, and many of their management team counterparts have previously worked together, a synergy that has had an undeniable impact on Ascent's operational and financial performance since assuming their roles in early 2024 CEO & CFO Have a Proven Track Record of Making Good Specialty C
Slide 4: After years, we are going back to our roots as a Specialty Chemical Company
After 75 years, we are going back to our roots as a Specialty Chemical Company Company Founded Blackman Uhler Industries, Inc. was founded in 1945, marking the company’s entry into the specialty chemical market. Bristol Metals Blackman Uhler Industries, Inc. acquired Bristol Metals, initiating the c
Slide 5: Highlights Since Management Team Installed in 2024
Highlights Since Management Team Installed in 2024 $54M 11% Outstanding Shares Repurchased Jan. 1, 2025 – March 31, 2026 | 1.18M Shares $2.1M Annualized Cash Liberated via Munhall Lease Assignment Increase in TTM Adj. EBITDA TTM Increase / $4.1M; Adj. EBITDA Margin from -5.8% to -.8%88% Continuing O
Slide 6: Pure-Play Specialty Chemicals Company: Who We Are, What We Do & How We Operate
Pure-Play Who We Are, What We Do & How We Operate Specialty Chemicals Company
Slide 7: Where We Participate
Life Sciences Performance Materials HI&I Personal Care Agriculture CASE Water Treatment Oil & Gas Pulp & Paper Where We Participate We deliver tailored specialty- chemistry solutions at scale across an array of high-value segments Textiles
Slide 8: Our Strategy & Operating Model: Outcomes Over Everything
Our Strategy & Operating Model O U TCO M E S OV E R E V E RY T H I N G . We’re building a platform that solves real problems across the value chain,not just by providing products or capacity, but by offering a full suite of services: formulation development,reaction capabilities,blending,packaging,
Slide 9: Case Study: Unexpected Supply Disruption in Drilling Fluid Additive
THE CHALLENGE Unexpected supply disruption surfaced when a critical additive was discontinued. With no immediate replacement available, their drilling fluid system risked operational downtime and performance instability across active field operations. CUSTOM FORMULATION DEVELOPMENT Developed and eva
Slide 10: Complex Portfolio Transition Under Supply Risk
Complex Portfolio Transition Under Supply Risk THE CHALLENGE A global leader lost reliable manufacturing across 10+ heritage products with incomplete technical documentation and minimal transition pathways,creating immediate business risk. RAPID CROS S-F UNCTION MOBILIZATION Aligned R&D,Engineering,
Slide 11: Solutions Business Model
SOLUTIONS BUSINESS MODEL Primary Development Formulation Customization Scale-Up Reaction & Drying Blending, Milling & Dispersing Warehousing Logistics Regulatory Products Toll Custom Manufacturing Manufacturing Buy,Build & Operate ASCENT (CaaS Model) Chemical Manufacturers Toll Manufactures Custom M
Slide 12: Ample, underutilized capacity provides a capital-light foundation for growth
45%55% Ample, underutilized capacity provides a capital-light, low-risk foundation for outsized growth Requiring minimal capital reinvestment to support growth (M USD) Danville, VA Fountain Inn, SC Cleveland, TN Within an asset base capable of supporting significant growth with minimal capital reinv
Slide 13: Portfolio Defined, Refined & Rebranded: Improving Margins
While filling the plants with higher margin business that is more predictable and reliable Portfolio Defined, Refined & Rebranded Improving Both Material Margin & Gross Margin 13 5.0% 13.2% 23.0% 46% 49% 55% 2 0 2 3 2 0 2 4 2 0 2 5 Gross Margin Material Margin Business Model (% of Revenue) 10% 27% 3
Slide 14: Growth With Current Customers and New Customers
Growth With Current Customers Growth With New Customers P RO J EC T CO U N T 100 S A L E S C YC L E ( M O N T H S ) * 2.87 2025 Pipeline Conversion CO N V E R S I O N R AT E * * 18% QoQ Selling Project Pipeline Growth (M USD) Q12026 Q42025 Q32025 Q22025 Q12025 16% P RO J EC T W I N S ( R E V E N U E
Slide 15: Investor Friendly Priorities & Actions: Capital Allocation
Impact Investor Friendly Priorities & Actions Capital Allocation
Slide 16: Strong liquidity to support investor-friendly capital allocation priorities
And strong liquidity to support investor- friendly capital allocation priorities Every internal investment and acquisition is about accelerating progress, creating synergies that make sense, and delivering real, sustainable value. It's not only about size, it's about outcomes that matter, both strat
Slide 17: First Acquisition by Current Management
First Acquisition by Current Management
Slide 18: Primary Synergies and Strategic Outcome
PRIMARY SYNERGIES INSOURCING Absorb production into underutilized assets STRATEGIC SOURCING Leverage scale to improve raw material economics COMMERCIAL EXPANSION Cross-selling Ascent portfolio; unleash innovation & growth project pipeline Converts underutilized capacity into margin while unlocking g
Slide 19: Customized Coatings for Packaging, Food-Service and Consumer Applications
19 Printed Materials Visual Impact | Surface Protection | Tactile Finishes Beverage Packaging Package Integrity | Abrasion Resistance Food Contact Products Structural Integrity | FDA Compliant | Sustainability Playing Cards Slip | Durability | Handling Midwest’s coatings are engineered for high-perf
Slide 20: Financial Overview: Entry Economics and Transaction Summary
Financial Overview $16.72 MM INTRINSIC VALUE $2.07 ADJ. EBITDA (2025A) 6.8x ENTRY MULTIPLE Entry Economics $1.05 MM ESCROW Held for 18 Months 7.5% $14.00 MM PURCHASE PRICE Transaction Summary $12.95 MM CASH AT CLOSE 92.5% Tr ansaction is Under wr itten By: Existing Earnings Quality Demonstrated Marg
Slide 21: 2026-2030 Durable Earnings-Growth: The Path Forward
2026-2030 Durable Earnings-Growth The Path Forward
Slide 22: Simple and Clear EBITDA Drivers
Simple and Clear EBITDA Drivers Management Turnaround Structural cost savings with emphasis on strategic sourcing Aggressive management of controllable spend Discipline execution of overall equipment effectiveness (OEE) Optimization of work processes & tools Organic Growth / Operating Levera
Slide 23: Why Invest in Ascent?
Why Invest in Ascent? Portfolio Optimized Strategic clarity. Focus. Efficiency. Stabilized and Growth Ready Predictability. Confidence. Credibility. Reduced risk. Growth Capacity In-Place Optionality. Scale. Margin. Growth. Resilience. Near-Term Upside Undervalued, leverage multiple upside. Strong B
Slide 24: Investor Relations
Investor Relations investorrelations@ascentco.com
Slide 25: Appendix
Appendix
Slide 26: Reconciliations of Non-GAAP Adjusted EBITDA
Reconciliations of Non- GAAP Adjusted EBITDA Financials Consolidated EBITDA and Adjusted EBITDA from Continuing Operations: Specialty Chemicals EBITDA and Adjusted EBITDA: 26 Three Months Ended March 31, ($ in thousands) 2026 2025 Consolidated Net loss from continuing operations $ (1,980) $ (2,006)