Slide 1: Earnings Conference Call Q1 2026
Earnings Conference Call Q1 2026 KEY FINANCIAL FIGURES
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements in this presentation may be forward‐looking within the meaning of applicable securities laws. Such forward‐looking statements are based on a number of estimates and assumptions that the Company believes are reasonable when made, including that 5N+ will be
Slide 3: Financial Highlights
Financial Highlights ＞ Revenue in Q1 2026 increased by 33% to $117.9 million, compared to $88.9 million in Q1 2025. The increase is primarily attributable to higher volumes under Specialty Semiconductors and higher bismuth-based product pricing under Performance Materials. ＞ Adjusted EBITDA1 in Q1 2
Slide 4: Revenue
Revenue Quarter ended March 31, 2026 Revenue Revenue – Quarterly Comparison (IN MILLIONS OF USD) (IN MILLIONS OF USD) $117.9 $112,3 $104.9 $5.6 $102.0 $95.3 $88.9 $23.4 $88.9 $117.9 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 SPECIALTY PERFORMANCE Q1 2026 SEMICONDUCTORS MATERIALS Revenue in Q1 2
Slide 5: Adjusted EBITDA & EBITDA
Adjusted EBITDA & EBITDA Quarter ended March 31, 2026 Adjusted EBITDA (IN MILLIONS OF USD) Adjusted EBITDA in Q1 2026 increased by 41% $29.2 to $29.2 million, representing an Adjusted $20.8 EBITDA margin 1 of 24.8%, compared to $20.8 million, or an Adjusted EBITDA margin of $11.7 23.4%, in Q1 2025.
Slide 6: Backlog
Backlog Quarter ended March 31, 2026 Backlog (IN NUMBER OF DAYS) Backlog represented 336 days of annualized revenue on March 31, 2026, 17 days lower than the backlog on December 31, 2025. 353 336 Bookings1 for Specialty Semiconductors 297 311 increased by 20 days, from 117 days in Q4 2025 268 to 137
Slide 7: Non-IFRS Measures
Non-IFRS Measures Quarter ended March 31, 2026 Adjusted EBITDA Adjusted EBITDA means operating earnings (loss) as defined before the (in thousands of U.S. dollars) Q1 2026 Q1 2025 $ $ effect of impairment of inventories, share-based compensation expense Revenues 117,893 88,888 (recovery), ERP implem
Slide 8: Non-IFRS Measures
Non-IFRS Measures Quarter ended March 31, 2026 EBITDA EBITDA means net earnings (loss) before interest expenses, income tax Q1 2026 Q1 2025 (in thousands of U.S. dollars) $ $ expense (recovery), depreciation and amortization. 5N+ uses EBITDA Net earnings 17,762 9,573 because it believes it is a mean
Slide 9: Non-IFRS Measures
Non-IFRS Measures Quarter ended March 31, 2026 Net debt Net debt is calculated as total debt less cash. Any introduced IFRS 16 As at As at (in thousands of U.S. dollars) March 31, 2026 December 31,2025 reporting measures in reference to lease liabilities are excluded from the $ $ calculation. 5N+ us
Slide 10: Enabling Performance
5N-- Enabling Performance