Ecovyst Inc. · NYSE:ECVT
Ecovyst — Investor Presentation (June 2022)
18 slides from Ecovyst's investor presentation, June 2022
Slide 1: Investor Presentation
Investor Presentation June 2022 YOUR CATALYST FOR POSITIVE CHANGE ™
Slide 2: Legal Discussion
Legal Discussion Continuing Operations Financial results for are presented on a continuing operations basis, which excludes the Performance Materials business and Performance Chemicals business unless otherwise indicated. Forward-Looking Statements Some of the information contained in this presentat
Slide 3: Ecovyst Business Profile & Value Proposition
Ecovyst Business Profile & Value Proposition An Industry-leading Provider of Specialty Catalysts and Services into Key End Uses • Favorable organic growth trends driven by end use demand and growing need for sustainable products and services • Significant revenue visibility arising from customer col
Slide 4: Ecovyst At a Glance
Ecovyst At a Glance Ecovyst Ecovyst is a leading, integrated provider of specialty catalysts and by the numbers services. Through our Ecoservices and Catalyst Technologies businesses, we deliver chemistry-based technologies and solutions $743 Million that help our customers meet the increasing deman
Slide 5: Ecovyst Reporting Segments
Ecovyst Reporting Segments Catalyst Ecoservices Technologies 2021 Sales $550.5 Million $176.4 Million2 2021 Adjusted $177.7 Million $88.0 Million EBITDA1 Regeneration Treatment Catalyst Silica Catalysts Zeolyst International Virgin Sulfuric Acid Services Services Activation (100% Ownership) (50% Own
Slide 6: Financial Performance - Q1 2022
Financial Performance - Q1 2022 First Quarter Financial Results First Quarter First Quarter $ % ($ in millions) 2022 2021 Change Change Ecovyst Sales 179.7 126.6 53.1 42.0 Zeolyst JV Sales 29.0 29.0 0.0 0.0 Adjusted EBITDA1 59.2 42.3 17.0 40.1 Adjusted EBITDA Margin1,2 (%) 28.4 27.2 120 bps $ % ($ i
Slide 7: Ecoservices Highlights
Ecoservices First First Quarter Quarter $ % ($ in millions) 2022 2021 Change Change Sales Ecoservices 154.0 100.2 53.8 53.7 Adjusted EBITDA 49.3 33.0 16.3 49.4 Adjusted EBITDA Margin1 (%) 32.0 32.9 (90 bps) Ecoservices Highlights • Higher pricing more than offset rising sulfur, labor and fixed index
Slide 8: Catalyst Technologies Highlights
Catalyst Technologies First First Quarter Quarter $ % ($ in millions) 2022 2021 Change Change Silica Catalysts Sales 25.7 26.4 (0.7) (2.7) Zeolyst JV Sales 29.0 29.0 0.0 0.0 Adjusted EBITDA 17.0 18.5 (1.5) (8.1) Adjusted EBITDA Margin1 (%) 31.1 33.4 (230) bps Catalyst Technologies Highlights • Conti
Slide 9: Robust Demand Fundamentals Prevail Despite Geopolitical Uncertainty
Robust Demand Fundamentals Prevail Despite Geopolitical Uncertainty 2021 Industry End Key & Growth 2022 Anticipated Demand Drivers Use Products Total Rate Sales Regeneration CLEAN FUELS Rebounding gasoline demand and exports For Alkylation ~32% ~5% Increasing U.S. refinery utilization to >90% Ecoser
Slide 10: Innovation Portfolio Focused on Sustainable Solutions and Services
Innovation Portfolio Focused on Sustainable Solutions and Services % of R&D Spend On • 75% of current end use sales address customer and consumer Green Technologies demand for more sustainable products and services ~80% ~90% More than 80% of innovation investment focused on products and ~60% Sustain
Slide 11: Leverage & Liquidity
Leverage & Liquidity Strong Cash Conversion Provides for Capital Allocation Flexibility and Improving Leverage Profile Cash Conversion1 Leverage Ratio2 Liquidity3 74% 3.8x ($ Millions) 3.3x 3.1x $203 $207 72% $165 71% 2019 2020 2021 Q3-2021 Q4-2021 Q1-2022 Q3-2021 Q4-2021 Q1-2022 Liquidity Cash Gene
Slide 12: Appendix
APPENDIX
Slide 13: Ecoservices: North American Leader in Sulfuric Acid Recycling and Related Services
Ecoservices: North American Leader in Sulfuric Acid Recycling and Related Services with Key Competitive Position in Gulf Coast and California NEAR-TERM GROWTH FACTORS • New long-term large customer contract, existing customer re-contracting, and favorable alkylate fundamentals expected to drive mid-
Slide 14: Catalyst Technologies: Global Leader in Tailored Catalyst Solutions
Catalyst Technologies: Global Leader in Tailored Catalyst Solutions NEAR-TERM GROWTH FACTORS • Preferred technology and increasing product offerings projected to drive high single digit growth in Clean Fuels & Air, Engineered Polymers, and Custom Catalyst • New product launches planned in 2022 suppo
Slide 15: Quarterly Segment Sales, Adjusted EBITDA and Margins
Quarterly Segment Sales, Adjusted EBITDA and Margins Three Twelve Months Months Ended Three Months Ended Ended March 31, March 31, June 30, September December December ($ in millions, except %) 2022 2021 2021 30, 2021 31, 2021 31, 2021 Sales: Ecoservices 154.0 100.2 120.8 137.5 142.0 500.5 Silica Ca
Slide 16: Reconciliation of Net (Loss) Income to Adjusted EBITDA
Reconciliation of Net (Loss) Income to Adjusted EBITDA Three Twelve Twelve Twelve Months Months Months Months Ended Three Months Ended Ended Ended Ended March 31, March June 30, September December December December December ($ in millions, except %) 2022 31, 2021 2021 30, 2021 31, 2021 31, 2021 31,
Slide 17: 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 the Catalyst Technologies segment includes our 50% interest in the Zeolyst Joint Venture, we include an adjustment for our 50% proportionate sh
Slide 18: Your Catalyst for Positive Change
YOUR CATALYST FOR POSITIVE CHANGE ™