Ecovyst Inc. · NYSE:ECVT
Ecovyst — Jefferies 2025 Industrials Conference
24 slides from Ecovyst's conference presentation, Sep 4, 2025
Slide 1: Jefferies 2025 Industrials Conference
Jefferies 2025 Industrials Conference September 4, 2025 Your Catalyst for Positive Change
Slide 2: Legal Discussion: Forward-Looking Statements
Legal Discussion Forward-Looking Statements Some of the information contained in this presentation, the conference call during which this presentation is reviewed and any discussions that follow constitutes “forward-looking statements.” Forward-looking statements can be identified by words such as “
Slide 3: Legal Discussion: Supply Share and Industry Information
Legal Discussion Supply Share and Industry Information Certain statistical information used in this presentation is based on independent industry publications, reports by research firms or other published independent sources. Some statistical information is also based on our good faith estimates whi
Slide 4: Ecovyst Business Profile & Value Proposition
Ecovyst Business Profile & Value Proposition An Industry-leading Provider of Specialty Catalysts and Services into Key End Uses • Favorable long-term organic growth trends driven by end use demand and growing need for sustainable products and services • Revenue visibility arising from customer colla
Slide 5: Ecovyst Reporting Segments
Ecovyst Reporting Segments Advanced Materials & Catalysts $106 Million 2024 Advanced Silicas Sales $598 Million 2024 Sales $117 Million 2024 Zeolyst Joint Venture Sales2 $200 Million 2024 Adjusted EBITDA1 $65 Million 2024 Adjusted EBITDA1 Regeneration Virgin Sulfuric Treatment Advanced Services Acid
Slide 6: Ecoservices
Ecoservices Financial Highlights 2024 Sales - $598 Million 2024 Adjusted EBITDA1 - $200 Million Business Overview Demand Drivers Leading North American provider of sulfuric acid regeneration services • Customer ~10% reduction Achieveexpansion of alkylation units Regeneration in natural gas usage • G
Slide 7: Advanced Materials & Catalysts
Advanced Materials & Catalysts Financial Highlights 2024 Advanced Silicas Sales - $106 Million 2024 Zeolyst Joint Venture Sales1 - $117 Million 2024 Adjusted EBITDA2,3 - $65 Million Business Overview Demand Drivers From concept to pilot to production 2X market growth from Industrial markets: Achieve
Slide 8: Strategy for Creating Shareholder Value
Strategy for Creating Shareholder Value Strengthen Leading Positions in Core Segments Regeneration • Maximize production capabilities and reliability via digitization, Hydrocracking AI, and efficiency gains Treatment Services Emissions Controls • Deliver strong margins and cash generation through co
Slide 9: Second Quarter 2025 Financial Performance
Second Quarter 2025 Financial Performance
Slide 10: Q2 2025 Key Highlights
Key Highlights Q2 2025 Key Highlights $200 Mln $56 Mln 24% GAAP Sales Adj. EBITDA Adj. EBITDA Margin Q2 2025 Q2 20251 Q2 20251,2 3.5x $(2) Mln $152 Mln Net Debt Leverage Adjusted Liquidity5 Ratio1,4 Free Cash Flow 1,3 1. See Appendix for reconciliations of Non-GAAP financial measures 2. Adjusted EBI
Slide 11: Financial Performance - Q2 2025
Financial Performance - Q2 2025 Second Quarter Financial Results Second Second Quarter Quarter $ % ($ in millions) 2025 2024 Change Change Ecovyst Sales 200.1 182.8 17.3 9.5 Zeolyst Joint Venture Sales 28.4 29.0 (0.6) (2.1) Net Income 6.0 8.3 (2.3) (27.7) Net Income Margin (%) 3.0 4.5 (150 bps) Adju
Slide 12: Ecoservices - Q2 2025 Financial Performance
Ecoservices - Q2 2025 Financial Performance Second Second Quarter Quarter $ % ($ in millions) 2025 2024 Change Change Sales 176.0 153.9 22.1 14.4 Adjusted EBITDA1 49.8 49.7 0.1 0.2 Adjusted EBITDA Margin1 (%) 28.3 32.3 (400 bps) YTD Capital Expenditures2 37.2 29.3 Highlights • Change in sales reflec
Slide 13: Advanced Materials & Catalysts - Q2 2025 Financial Performance
Advanced Materials & Catalysts - Q2 2025 Financial Performance Second Second Quarter Quarter $ % ($ in millions) 2025 2024 Change Change Advanced Silicas Sales 24.1 28.9 (4.8) (16.6) Zeolyst Joint Venture Sales 28.4 29.0 (0.6) (2.1) Adjusted EBITDA1 13.7 14.7 (1.0) (6.8) Adjusted EBITDA Margin1,2 (%
Slide 14: Cash & Leverage
Cash & Leverage 1 4 2 $70.0 Cash Generation Leverage Ratio and Debt Profile • Year-to-date Adjusted Free Cash Flow at June 30, • No significant debt maturities until 2031 2025 reflects • No maintenance covenants on leverage ◦ Q2'25 acquisition of Waggaman sulfuric • Interest rate caps limit rate exp
Slide 15: Appendix
APPENDIX
Slide 16: Annual Segment Sales, Adjusted EBITDA and Margins
Annual Segment Sales, Adjusted EBITDA and Margins Trailing Twelve Months Ended (TTM) Year Ended December 31, ($ in millions, except %) June 30, 2025 2024 2023 2022 2021 Sales: Ecoservices 621.9 598.3 584.8 702.5 500.5 Advanced Materials & Catalysts1 101.6 106.2 106.3 117.7 110.7 Total sales 723.5 70
Slide 17: Quarterly Segment Sales, Adjusted EBITDA and Margins
Quarterly Segment Sales, Adjusted EBITDA and Margins Six Months Six Months Three Months Ended Ended Three Months Ended Ended ($ in millions, except %) March 31, 2025 June 30, 2025 June 30, 2025 March 31, 2024 June 30, 2024 June 30, 2024 Sales: Ecoservices 143.1 176.0 319.1 141.6 153.9 295.6 Advanced
Slide 18: Sales and Adjusted EBITDA Major Change Factors
Sales and Adjusted EBITDA Major Change Factors Sales Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Advanced Advanced Sales Materials & Materials & (in $ millions and %) Ecovyst Ecoservices Catalysts Ecovyst Ecoservices Catalysts Sales: $ % $ % $ % $ % $ % $ % Volume (9.0) (4.9) (4.
Slide 19: Reconciliation of Net Income (Loss) to Adjusted EBITDA
Reconciliation of Net Income (Loss) to Adjusted EBITDA Three Months Ended TTM Year Ended June 30, June 30, December 31, December 31, December 31, December 31, ($ in millions, except %) 2025 2025 2024 2023 2022 2021 Reconciliation of net income (loss) to Adjusted EBITDA Net income (loss) 6.0 (13.8) (
Slide 20: Reconciliation of Net (Loss) Income to Adjusted EBITDA
Reconciliation of Net (Loss) Income to Adjusted EBITDA Twelve Months Three Months Ended TTM Three Months Ended Ended June 30, June 30, March 31, June 30, September 30, December 31, December 31, ($ in millions, except %) March 31, 2025 2025 2025 2024 2024 2024 2024 2024 Reconciliation of net (loss) i
Slide 21: Descriptions for reconciliation of Non-GAAP financial measures
Descriptions for reconciliation of Non-GAAP financial measures a. We use Adjusted EBITDA as a performance measure to evaluate our financial results. Because our Advanced Materials & Catalysts segment reflects our 50% portion of the earnings from the Zeolyst Joint Venture, we include an adjustment fo
Slide 22: Adjusted Free Cash Flow
Adjusted Free Cash Flow Six months ended Full Year Six months ended ($ in millions) June 30, 2024 2024 June 30, 2025 Net cash provided by operating activities 46.4 149.9 43.3 Less: Purchases of property, plant and equipment1 36.6 69.0 49.5 Free Cash Flow 9.8 80.9 (6.2) Cash paid for debt financing c
Slide 23: Net Debt Leverage Ratio
Net Debt Leverage Ratio ($ in millions, except %) June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 Total debt 873.0 873.0 870.8 868.6 866.5 Less: Cash and cash equivalents 83.3 123.5 146.0 127.5 69.6 Net debt 789.7 749.5 724.8 741.1 796.9 TTM Net income (loss) 56.1 53.
Slide 24: Your Catalyst for Positive Change
Your Catalyst for Positive Change