Air Products And Chemicals, Inc. · NYSE:APD
Air Products And Chemicals — Q3 2025 Earnings Presentation
14 slides from Air Products And Chemicals's earnings presentation, Jul 31, 2025
Slide 1: Fiscal Third Quarter 2025 Earnings Results Teleconference
Fiscal Third Quarter 2025 Earnings Results Teleconference July 31, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about earnings guidance, business outlook and investment opportunities. These forward-looking statements
Slide 3: Demonstrating strength and resiliency in core business
Demonstrating strength and resiliency in core business Core business • Exceeded Q3 guidance despite macroeconomic headwinds • Core business demonstrating strength and resilience • Focus: unlock value through disciplined cost productivity, pricing, operational excellence and capital allocation discip
Slide 4: Unlocking earnings potential: 5-year journey
Unlocking earnings potential: 5-year journey As of today Improve core / Re-focus CapEx Achieve potential (2026-2029) (approx. 2030+) – High quality base obscured by – Unlock base earnings through – Strong base growth underperforming projects significant margin improvement – NEOM / Darrow offsetting
Slide 5: Earnings Results & Guidance
Earnings Results & Guidance 5
Slide 6: Q3 Results Summary
Q3 Results Summary Adjusted EPS* Adjusted ROCE*# Adjusted Op Inc* Adjusted Op Inc Margin* Q3FY25 $3.09 Q3FY25 10.3% Q3FY25 $741 Q3FY25 24.5% Q3FY24 $3.20 (3)% Q3FY24 (100)bp Q3FY24 Flat Q3FY24 (20)bp 11.3% $738 24.7% vs PY vs PY vs PY vs PY 15% 290bp Q2FY25 $2.69 Q2FY25 10.5% (20)bp Q2FY25 $631 17%
Slide 7: Q3 Adjusted EPS $3.09, $(0.11), (3)% vs PY
Q3 Adjusted EPS* $3.09, $(0.11), (3)% vs PY Base +$0.14 Volume ex LNG +$0.06: • Favorable on-site, including project exits, Adjusted EPS* were partially offset by lower helium Price +$0.05: • Positive non-helium merchant price across all regions 3.20 0.14 3.09 Costs +$0.03: 0.01 • Primarily due to p
Slide 8: Fiscal year 2025 outlook
Fiscal year 2025 outlook* Q4 FY2025 FY2025 FY2025 $3.27 to 3.47 $11.90 to 12.10 ~$5.0B Adjusted EPS* Adjusted EPS* Capital Expenditures* (8)% to (3)% vs Q4 FY24 (4)% to (3)% vs FY24 (4)% to 2% vs Q4 FY24 (ex LNG)(A) -% to 1% vs FY24 (ex LNG)(A) *Non-GAAP financial measure. Reconciliation of historic
Slide 9: Appendix Slides
Appendix Slides 9
Slide 10: Americas: Results Summary
Americas: Results Summary Sales Operating Income Operating Income Margin Adjusted EBITDA* Q3FY25 $1,261 Q3FY25 $374 Q3FY25 29.7% Q3FY25 $604 2% (4)% (200)bp Flat Q3FY24 $1,235 Q3FY24 $391 Q3FY24 31.7% Q3FY24 $604 vs PY vs PY vs PY vs PY Q2FY25 $1,287 (2)% Q2FY25 2% Q2FY25 130bp Q2FY25 5% $366 28.4%
Slide 11: Asia: Results Summary
Asia: Results Summary Sales Operating Income Operating Income Margin Adjusted EBITDA* Q3FY25 $810 Q3FY25 $217 Q3FY25 26.8% Q3FY25 $353 3% 8% 150bp 9% Q3FY24 $790 Q3FY24 $200 Q3FY24 25.3% Q3FY24 $324 vs PY vs PY vs PY vs PY 5% 13% 210bp 6% Q2FY25 $774 Q2FY25 $191 Q2FY25 24.7% Q2FY25 $334 vs PQ vs PQ
Slide 12: Europe: Results Summary
Europe: Results Summary Sales Operating Income Operating Income Margin Adjusted EBITDA* Q3FY25 $771 Q3FY25 $225 Q3FY25 29.2% Q3FY25 $320 Q3FY24 11% Q3FY24 10% (30)bp Q3FY24 13% $693 $205 Q3FY24 29.5% $283 vs PY vs PY vs PY vs PY 6% 15% 230bp 14% Q2FY25 $727 Q2FY25 $196 Q2FY25 26.9% Q2FY25 $280 vs PQ
Slide 13: Middle East and India: Results Summary
Middle East and India: Results Summary Sales Operating Income Adjusted EBITDA* Q3FY25 $38 Q3FY25 $8 Q3FY25 $101 $5 Q3FY24 $9 $6 Q3FY24 $33 $(1) Q3FY24 $95 vs PY vs PY vs PY $5 Q2FY25 $(3) $11 $19 Q2FY25 $33 Q2FY25 $82 vs PQ vs PQ vs PQ • Operating income increased vs. prior year driven by lower cost
Slide 14: Corporate and Other: Results Summary
Corporate and Other: Results Summary Sales Operating Income Adjusted EBITDA* Q3FY25 $143 Q3FY25 $(83) Q3FY25 $(68) $(92) $(26) Q3FY24 $235 Q3FY24 $(57) Q3FY24 $(40) $(29) vs PY vs PY vs PY $48 $35 $35 Q2FY25 $95 Q2FY25 $(118) Q2FY25 $(104) vs PQ vs PQ vs PQ Vs. Prior Year • Sales and profits decreas
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