Solstice Advanced Materials Inc. · NASDAQ:SOLS

Solstice Advanced Materials — Q1 2026 Earnings Presentation

22 slides from Solstice Advanced Materials's earnings presentation, May 6, 2026

  1. Slide 1: First Quarter 2026 Financial Results

    May 6, 2026 First Quarter 2026 Financial Results © 2026 Solstice Advanced Materials Inc.

  2. 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 and our industry that involve substant

  3. Slide 3: First Quarter 2026 Highlights

    First Quarter 2026 Highlights Strong top and bottom-line results, reflecting ongoing robust demand across Nuclear, Electronic Materials, and Refrigerants Focused execution through standalone transition and macroeconomic volatility Top-tier return profile and conservative leverage position allow for

  4. Slide 4: Investing to Capture Secular Growth in Advanced Computing

    Investing to Capture Secular Growth in Advanced Computing Accelerating investment to meet demand and drive innovation pipeline Semiconductor Dynamics Driving Significant Opportunity for Solstice • Industry shift to advanced nodes and advanced packaging creating both content and market growth opportu

  5. Slide 5: First Quarter 2026 Consolidated Results

    First Quarter 2026 Consolidated Results Consolidated Financial Highlights Key Takeaways ($ in millions, except per share amounts) 1Q’26 1Q’25 % Change Strong YoY Net Sales growth driven by Nuclear, Electronic Materials, and Refrigerants Net Sales $991 $897 10% RAS Net Sales growth driven by 27% YoY

  6. Slide 6: Net Sales and Adjusted EBITDA Bridges

    Net Sales and Adjusted EBITDA Bridges 1 Change in Net Sales Change in Adjusted EBITDA1 and Margin1 ($ in millions) ($ in millions) 3% 991 27.9% 25.1% 2% 6% 250 (8) 249 5 1 897 RAS Adj. EBITDA Organic Net Sales growth1 of 8% YoY impacted by anticipated near-term HFO transition and higher R&D investme

  7. Slide 7: First Quarter 2026 Refrigerants & Applied Solutions Results

    First Quarter 2026 Refrigerants & Applied Solutions Results Financial Results RAS Net Sales ($ in millions) ($ in million) 1Q’26 1Q’25 % Change Refrigerants $389 $326 19% 23 (16) 4 Nuclear 107 84 27% 711 63 Building Solutions & Intermediates 167 183 (8)% 636 Healthcare Packaging 47 43 9% RAS Net Sal

  8. Slide 8: First Quarter 2026 Electronic & Specialty Materials Results

    First Quarter 2026 Electronic & Specialty Materials Results Financial Results ESM Net Sales ($ in millions) ($ in million) 1Q’26 1Q’25 % Change Electronic Materials $109 $90 21% 19 281 Safety & Defense Solutions 50 50 -% 261 Research & Performance 121 121 -% Chemicals Net Sales 281 261 7% ESM Adjust

  9. Slide 9: Balance Sheet and Capital Management

    Balance Sheet and Capital Management Cash Flow Highlights (Three Months Ended March 31, 2026) Capital Allocation Priorities • Operating Cash Flow of $199 million reflecting strong • Invest in High-Return Organic Growth Projects working capital management • Maintain Strong Balance Sheet & Liquidity P

  10. Slide 10: Financial Guidance

    Financial Guidance Reaffirmed 2Q’26E 2026E Net Sales $1,060 - $1,100 Net Sales $3,900 - $4,100 ($ in millions) ($ in millions) 25-26% Adj. EBITDA Adjusted EBITDA1 $975 - $1,025 Margin ($ in millions) Adjusted Diluted EPS1 $2.45 - $2.75 Capital Expenditures ($ in millions) $400 - $425 • Continued mom

  11. Slide 11: Key Takeaways

    Key Takeaways Remain well-positioned to deliver on full-year 2026 guidance Well-aligned to strong secular trends such as artificial intelligence, data centers, semiconductor manufacturing, and nuclear energy R&D investments to accelerate innovation pipeline consistent with our strategic growth pilla

  12. Slide 12: Appendix

    Appendix

  13. Slide 13: Additional Full Year 2026 Modeling Considerations

    Additional Full Year 2026 Modeling Considerations Unchanged ($ 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 Expense $140 - $

  14. Slide 14: Consolidated Statement of Operations

    Consolidated Statement of Operations For The Three Months Ended March 31, ($ in millions, except per share amounts) 2026 2025 Product sales $915 $838 Service sales 77 59 Net sales 991 897 Costs, expenses and other Cost of products sold 628 531 Cost of services sold 47 45 Total cost of products and s

  15. Slide 15: Reconciliation of Organic Sales Percentage

    Reconciliation of Organic Sales Percentage For The Three Months Ended March 31, 2026 vs. 2025 Total % Change in Net Sales 10.5% Foreign Currency Translation (2.5)% Acquisitions, Divestitures and Other, Net - Organic Sales Percentage 8.0% 15

  16. Slide 16: Reconciliation of Adjusted EBITDA & Adjusted Standalone EBITDA

    Reconciliation of Adjusted EBITDA & Adjusted Standalone EBITDA For The LTM For The Three Months Ended Ended March 31, March 31,1 ($ in millions) 2026 2025 2026 Net income attributable to Solstice Advanced Materials $85 $134 $188 Net income attributable to noncontrolling interest 20 6 61 Net Income (

  17. Slide 17: Reconciliation of Adjusted Standalone EBITDA

    Reconciliation of Adjusted Standalone EBITDA For The Three Months Ended March 31, ($ in millions) 2026 2025 Refrigerants & Applied Solutions (RAS) $711 $636 Electronic & Specialty Materials (ESM) 281 261 Total Net Sales 991 897 For The Three Months Ended March 31, ($ in millions) 2026 2025 RAS Adjus

  18. Slide 18: Reconciliation of Adjusted Net Income 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 March 31, 2026 ($ in millions) Ended March 31, 2026 Net income attributable to Solstice Advanced Adjusted EBITDA (non-GAAP

  19. Slide 19: Reconciliation of Free Cash Flow

    Reconciliation of Free Cash Flow For The Three Months Ended ($ in millions) March 31, 2026 Net Cash Provided by Operating Activities (GAAP) $199 Less: Capital expenditures paid 75 Free Cash Flow (Non-GAAP) 124 19

  20. Slide 20: Capitalization Table

    Capitalization Table ($ in millions) March 31, 2026 Debt Term Loan B due 2032 $986 Unsecured Senior Notes due 2033 985 Total Debt 1,971 Less: Cash and Cash Equivalents 642 Net Debt (Non-GAAP) 1,329 LTM Adjusted Standalone EBITDA (Non-GAAP) 956 Total Leverage Ratio (Non-GAAP) 2.1 x Net Leverage Ratio

  21. 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

  22. Slide 22: © Solstice

    © Solstice

Solstice Advanced Materials — Q1 2026 Earnings Presentation on 6ix