Slide 1: 3Q 2025 Earnings Presentation
November 7, 2025 3Q 2025 Earnings Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or
Slide 3: Overview
Overview Market Backdrop Remains Mixed, Focus on Controllable Levers to Support Through-Cycle Profitability ✓ 3Q25 results impacted by demand softness, lower pricing and moderated operating rates 3Q25 Sales – 3Q25 Net Loss of ($3M), EPS of ($0.10), Cash Flow from Operations of $27M – Continued stren
Slide 4: 3Q 2025 Financial Summary
3Q 2025 Financial Summary ($M) 3Q25 (6%) QoQ Drivers Sales ➢ Typical ammonium sulfate seasonality (nearly $20M income $374M $398 $410 $374 impact) with start of new fertilizer year (6%) YoY ➢ Managing inventory levels amid softer demand for Nylon Solutions and Chemical Intermediates 3Q24 2Q25 3Q25 (
Slide 5: 3Q 2025 Sales By Product Line
3Q 2025 Sales By Product Line Sales YoY Sales (6%) QoQ Sales (9%) % Formula / Product Price (3%) Volume (3%) Price (5%) Volume (4%) Index ($M) Nylon ~40% (16%) (4%) CPL ~85% PN ~0% 94 80 79 76 73 66 CI ~60% 3Q24 2Q25 3Q25 3Q24 2Q25 3Q25 Nylon Caprolactam YoY Raw Materials Pass Through (5%), Market-B
Slide 6: Diversified End Market Exposure
Diversified End Market Exposure End Market ASIX Exposure End Market Performance / Outlook +Sulfur nutrition demand growing 3-4% per year – growers seeking to maximize crop yields Ag / Fertilizer +Stock-to-use ratios globally supporting fertilizer demand; Caution around North American crop prices and
Slide 7: Cash Flow Generation and Use
Cash Flow Generation and Use Targeting Positive Free Cash Flow for 2025; Expect Year-End Debt Leverage Near Low End of Target 1-2.5x Range • Expect strong free cash flow in 4Q25 supported by working Cash Flow Generation Healthy Balance Sheet and capital tailwinds, including ammonium sulfate pre-buy
Slide 8: Compelling Investment Thesis
Compelling Investment Thesis Value Drivers Supporting Through-Cycle Profitability and Sustainable Performance ✓ Leading global cost advantage in vertically integrated caprolactam production – unique combination of assets and business model core to our advantage Durable Competitive ✓ Largely insulate
Slide 9: Appendix
AovanSix APPENDIX Good chemistry,
Slide 10: Plant Nutrients Industry Pricing and KPI Update
Plant Nutrients Industry Pricing and KPI Update Industry Pricing Commentary Typical Seasonal Decline; AS Price and Raw Materials Higher Year-over-Year • Strong fall fill program supported higher ammonium sulfate pricing year-over-year • Higher raw material prices (natural gas and sulfur) impacting f
Slide 11: Nylon Solutions Industry Spreads and KPI Update
Nylon Solutions Industry Spreads and KPI Update Industry Spreads Commentary Global Oversupply Conditions Persist • Navigating an extended downturn in the cycle – global oversupply conditions holding industry pricing steady ($/MT) • AdvanSix price over raws spreads expanding year-over-year amid lower
Slide 12: Chemical Intermediates Industry Pricing and KPI Update
Chemical Intermediates Industry Pricing and KPI Update Industry Pricing Commentary Lower Global Operating Rates Persist; Spreads Near Cycle Averages • Phenol demand remains weak overall – lower global operating rates supporting more balanced acetone supply and demand dynamics (cents per • Anticipate
Slide 13: Capital Expenditures
Capital Expenditures Disciplined and Value Accretive Investments to Support Long-Term Potential Capex Framework Deployment by Year** ($M) • Supporting safe, stable and sustainable operations H$123 ealthy Balance Sheet and • Sustaining maintenance on average $75-$90M per year P r u d e n t L$105-$110
Slide 14: 45Q Carbon Capture Tax Credits
45Q Carbon Capture Tax Credits Significant Value Creation – Total Opportunity in the Range of $100M-$120M • Newly enacted legislation continues to support 45Q carbon capture tax credits including utilization • 45Q allows federal tax credits over a 12-year period based on the amount of CO2 captured a
Slide 15: Planned Plant Turnarounds
Planned Plant Turnarounds Pre-Tax Income Impact by Quarter (1) Primary Unit 1Q 2Q 3Q 4Q FY Operation 2017 -- ~$10M ~$4M ~$20M ~$34M Sulfuric Acid • Timing driven by compliance, inspection and sustaining asset base 2018 ~$2M ~$10M ~$30M -- ~$42M Ammonia 2019 -- ~$5M ~$5M ~$25M ~$35M Sulfuric Acid • C
Slide 16: Reconciliation of Non-GAAP Measures to GAAP Measures
Reconciliation of Non-GAAP Measures to GAAP Measures
Slide 17: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in $ thousands) (1) Free cash flow is a non-GAAP measure defined as Net cash provided by operating activities less Expenditures for property, plant and equipment. The Company believes that this metric is useful to investo
Slide 18: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in $ thousands) (2) 2024 includes a pre-tax loss of approximately $1.2 million from the reduction of the Company's anticipated receivable related to the gain on the termination fee recorded upon the exit from the Oben Holding Group S.A. alliance durin
Slide 19: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Reconciliation of Earnings Per Share to Adjusted Earnings Per Share (in $ thousands except share and per share amounts) The Company believes the non-GAAP financial measures included in this presentation provide meaningful supplemental information as they are used by the Company’s management to evalu