Purifying, Protecting, and Enhancing Everyday Life
Based on management estimate.
Management estimate based on 2019 data used in novel and externally published methodologies.
Management estimate based on Ingevity customer data.
3
Three Business Segments
Performance Materials
Advanced
Polymer Technologies Performance Chemicals 1
2024 Sales | Carbon Technologies $609.6 million | Caprolactone Technologies $188.6 million | Road Technologies $401.9 million2 | |||||||||||
2024 Segment EBITDA | $319.1 million | $35.2 million | $46.5 million2 | |||||||||||
End Use Markets |
|
|
| |||||||||||
Products | Hardwood-based, chemically activated carbon products | Caprolactone and caprolactone-based specialty polymers | Innovative additives and technologies; Includes Evotherm® | |||||||||||
End Markets | Gasoline vapor emission control systems in internal combustion engines and hybrid electric vehicles; Other activated carbons used in food, water, beverage, and chemical purification | Coatings, resins, elastomers, adhesives, bioplastics, and medical devices | Road construction and pavement preservation, including pavement reconstruction and recycling |
Results from continuing operations. On September 4, 2025, Ingevity announced an agreement to sell its North Charleston crude tall oil refinery and the majority of its
Industrial Specialties product line to Mainstream Pine Products, previously included within the Performance Chemicals segment. Beginning in Q3 2025 those results are presented as discontinued operations. Certain lignin-based dispersants previously included in Industrial Specialties are now reported in Road Technologies.
Refer to Note 19 within item 8 to our 2024 Form 10-K filed with the SEC on February 19, 2025 for additional information.
4
Ingevity At-a-Glance1
As of 12/31/2024
75
Countries Served Globally
11
Manufacturing Sites
24
Locations
7
Technical Centers
~1,500
Employees Globally
Net Sales Geography
54%
North America
27%
Asia-Pacific
4%
South America
14%
Europe, Middle East & Africa
$1.2B Revenue | 31.4% Adj. EBITDA Margin2 |
$(121.4)M Net Income (Loss) | $128.6M Cash Flow Provided by Operating Activities |
$376.5M Adj. EBITDA2 | $51.0M Free Cash Flow2 |
Results from continuing operations, except cash flow which includes continuing and discontinued operations. On September 4, 2025, Ingevity announced an agreement to sell North Charleston crude tall oil refinery and majority of Industrial Specialties product line to Mainstream Pine Products, previously included within the Performance Chemicals segment. Beginning in
Q3 2025 those results are presented as discontinued operations. Certain lignin-based dispersants previously included in Industrial Specialties are now reported in Road Technologies 5
For Ingevity's use of non-GAAP financial measures, definitions of those financial measures and reconciliations to the nearest GAAP financial measures please refer to our website or our latest earnings presentation.
Covington, Va.
Warrington, U.K.
Marion, Ind. Villeneuve d'Ascq, France Changshu, China
Wickliffe, Ky.
Shanghai, China
Brussels, Belgium
Dayton, Nev.
Tulsa, Ok.
North Charleston, S.C.
Childress, Texas
Tokyo, Japan
Seongnam, Korea
Zhuhai, China
Greenville, Ala.
Waynesboro, Ga. Chennai, India
Campinas, Brazil
Bangkok, Thailand
Our Global Presence
Ingevity is headquartered in North Charleston, South Carolina, and operates manufacturing and technical facilities in the Americas, Europe and Asia.
Manufacturing/warehouse
6
Performance Materials
7
Performance Materials Overview
Unique Activated Carbon Portfolio, Mainly Serving Auto Industry, Delivering 50%+ Margins
2024 Financial Snapshot
$609.6 million
Segment Sales
$319.1 million
Segment EBITDA
52.3%
Segment EBITDA Margin
Products: Activated Carbons
Powdered Activated Carbon
Water treatment
Food-Beverage
Granular Activated Carbon
Tier 1: Canister solutions
Pelletized Activated Carbon
Tier 2, LEV 2: Onboard
Refueling Vapor Recovery (ORVR)
Activated Carbon Ceramic Honeycombs
Tier 3, LEV 3: Near-Zero Solutions
End-Markets, Key Raws and Location
Auto
Gasoline vapor emission control systems in internal combustion engines and hybrid electric vehicles
Purification
Food, water, beverage, and chemical purification
Raw Materials
Hardwood saw dust, phosphoric acid and natural gas
Sites
Three in US and two in China
Regional Sales Breakdown
Select Competitors1 and Customers1
Competitors Customers
North America | Asia-Pacific | China | Europe, Middle East, |
South
America
1. All trademarks, logos, and brand names are the property of their respective owners and are used for identification purposes only.
Product line currently under strategic review.
8
Ingevity is the Industry Leader in Auto EVAP Systems Due to Our Differentiated Technology
Higher emissions standards increase canister size and higher dollar of Ingevity content per vehicle
Tier 1
0.5-1.3L
Canister Size
Tier 2
2.0-3.0L
Canister Size
<$5
NGVT Content per vehicle
$8-15
NGVT Content per vehicle
Tier 3
2.0-3.0L
Canister Size
+Honeycombs
$15-40
NGVT Content per vehicle
EPA emission standards (Tier 1, 2, 3), which progressively tightened pollution
limits for vehicles, with Tier 3 being the most recent and stringent, aligning with California standards.
APPLICATION
Evaporative Emission Control System in Auto
Fuel Tank
Purge Valve
Engine
Carbon Canister
Ingevity Honeycomb
Activated Carbon
Ingevity Pelletized Activated Carbon
Ingevity's carbon saves
over 8 million gallons
of gasoline every day1
Ingevity's hardwood-based carbon has a unique large and flexible pore structure
It allows the capture of gasoline vapors during idling and release for reuse when car is re-started
Most other competitors' micro pore structure of activated carbon only captures vapors thereby wasting gasoline1. Management estimate.
9
Advanced Polymer Technologies
10
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |