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ADAMA Agricultural Solutions – Q2 & H1 2026 Financial Performance
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Legal Notice 2 This presentation is for marketing and information purposes only. By this presentation, neither ADAMA Ltd. nor ADAMA Agricultural Solutions Ltd. (together the “ Company” or “ ADAMA”) intend to give, and the presentation does not constitute, professional or business advice or an offer or recommendation to perform any transaction in the Company’s securities. The accuracy, completeness and/or adequacy of the content of this presentation, as well as any estimation and/or assessment included in this presentation, if at all, is not warranted or guaranteed and the Company disclaims any intention and/or obligation to comply with such content. The Company may make improvements and/or changes in the features or content presented herein at any time. The Company shall not be liable for any loss, claim, liability or damage of any kind resulting from your reliance on, or reference to, any detail, fact or opinion presented herein. This presentation contains proprietary information of the Company and may not be reproduced, copied, disclosed or utilized in any way, in whole or in part, without the prior written consent of the Company. The Company’s assessments may not materialize, inter alia, due to factors out of the Company's control, including the risk factors listed in the Company’s annual reports, changes in the industry or potential operations of the Company's competitors. All information included in this presentation relates only to the date which it refers to, and the Company does not undertake to update such information afterwards. Any content contained herein shall not constitute or be construed as any regulatory, valuation, legal, tax, accounting and investment advice or any advice of any kind or any part of it. Nor shall they constitute or be construed as any recommendation, solicitation, offer or commitment (or any part of it) to buy, sell, subscribe for or underwrite any securities, provide any credit or insurance or engage in any transactions. Without any written consent, any third party providing this document to you shall not act as your financial advisor or trustee. Before entering into any transactions, you shall ensure that you fully understand the potential risks and returns of such transactions. Before making such decisions, you shall consult the advisors you think necessary, including your accountant, investment advisor and legal and tax specialists. The Company and its affiliates, controlling persons, directors, officials, partners, employees, agents, representatives or their advisors shall not assume any responsibilities of any kind (including negligence or others) for the use of and reliance on such information by you or any person to whom such information are provided.
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Growing Forward Introducing the Next Phase of ADAMA ’s Strategy Execution
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We have been on a Journey since 2022 Fight Forward ProgramFight Back Plan Growing Forward The Next Phase of our Strategy Execution
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Our Ambition Enhancing Profitability Long Term Value for ADAMA and our Customers a top post-patent synthetic chemistry provider Growing our Business AND DELIVERING WITH A POSITION AS
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Growth Pillars WHAT Delivery Enablers HOW Accelerated Execution Discipline Matrix Efficiency ADAMA Behaviors Activation Turning Fight Forward impact into Profitable Growth
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7 Q2 & H1 2026 Highlights • Volumes g rowth across most regions, while pricing continues to be pressured • Improved mix • Implementing cost control and OPEX discipline despite the shifting to growth mode • Improved debt profile and cash management lowering financial expenses • Higher reported and adjusted net income • Crop Protection Industry: • Volumes expected to remain mostly stable after growth achieved in market in 2025 • Prices remain under pressure as raw materials prices still remain at low levels due to structural over capacity • Farmer income is expected to remain pressured due to commodity prices and famer costs, despite some easing • Weather & geopolitical tensions contribute to market uncertainty
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ADAMA Solutions Q2 2026 Adjusted $ million Q2 2026 Q2 2025 %▲ Sales 980 968 1.3% Gross Profit 285 281 1.4% % of Sales 29.1% 29.0% EBITDA 118 118 0.0% % of Sales 12.0% 12.2% Net Profit (Loss) (7) (8) % of Sales (0.7%) (0.8%) Reported Net Profit (Loss) (31) (43) (3.2%) (4.5%) * PY – previous year There may be some difference in percentages due to rounding 8 Highlights Sales increased 1% to $980 million ̶ 3% higher volume and 4% lower prices vs. PY ̶ Higher volumes reflecting improved market demand supported by new product introductions. Lower prices reflected the overall lower market pricing and weaker farmer purchasing power Gross Profit 1% above Q2’25; Gross Margin of 29.1% vs. 29.0% PY ̶ Higher volumes, improved quality of the business as well as favorable foreign exchange impacts more than compensating for lower prices and cost increase EBITDA amounted to $118 million stable vs PY; EBITDA Margin of 12.0%, vs. 12.2% PY ̶ Higher OPEX reflecting the negative impact of exchange rates, an increase in employee compensation and an increase in expenses supporting business growth. Adjusted Net Loss of $7m from $8m PY ̶ Lower financial expenses positively impacted mainly by better debt structure, lower FX hedging costs and benefits of continued positive cash flow.
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ADAMA Solutions H1 2026 Adjusted $ million H1 2026 H1 2025 %▲ Sales 1,930 1,845 4.6% Gross Profit 572 546 4.8% % of Sales 29.6% 29.6% EBITDA 238 244 (2.6%) % of Sales 12.3% 13.3% Net Profit 45 22 108.7% % of Sales 2.3% 1.2% Reported Net Profit (Loss) 45 (34) 2.3% (1.9%) * PY – previous year There may be some difference in percentages due to rounding 9 Highlights Sales increased 5% to $1,930 million ̶ 5% higher volume and 4% lower prices vs. PY ̶ Higher volumes reflecting improved market demand supported by new product introductions. Lower prices reflected the overall lower market pricing and weaker farmer purchasing power Gross Profit 5% above H1’25; Stable Gross Margin of 29.6% vs. PY ̶ Higher volumes and improved quality of the business as well as favorable foreign exchange impacts more than compensating for lower prices EBITDA amounted to $238 million vs $244 million 3% below H1’25; EBITDA Margin of 12.3%, vs. 13.3% PY ̶ Higher OPEX reflecting the negative impact of exchange rates, an increase in employee compensation and an increase in expenses supporting business growth. Adjusted Net Income of $45m from $22m PY ̶ Lower financial expenses positively impacted favorable CPI, better debt structure, lower FX hedging costs and benefits of continued positive cash flow
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Regional Sales Performance Q2 2026 vs. Q2 2025 % Sales growth by region Total sales & absolute change in sales ($m) 12 3 8 (7) 8 316 209 174 980 281 • CER - Constant Exchange Rates • APAC includes ADAMA India; LATAM includes Brazil (1%) 5% 2% (8%) (2%) Total APAC North America Latin America Europe, Africa & Middle East CER USD
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Regional Sales Performance H1 2026 vs. H1 2025 % Sales growth by region Total sales & absolute change in sales ($m) 86 9 28 (10) 59 721 353 339 1,930 517 • CER - Constant Exchange Rates • APAC includes ADAMA India; LATAM includes Brazil 1% 4% 5% (7%) 2% Total APAC North America Latin America Europe, Africa & Middle East CER USD
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Regional Highlights 12 • CER – Constant Exchange Rates APAC – Asia Pacific EAME – Europe, Africa & Middle East LATAM – Latin America C&P – Consumer & Professional • • • • North America LATAM EAME APAC Brazil • Increase in volumes offset by weaker pricing following solid commercial execution across key crop seasons, including soybean and corn. • Lower farmer profitability and increased competition, particularly in commodity products, weighed on pricing. LATAM • Higher volumes and continued commercial momentum, offset by weak pricing in a highly competitive market. • Growth was supported by deeper market penetration and strengthened positions in key markets and was partly tempered by El Niño impacts and the normalization of channel inventories in parts of the region. ADAMA Professional Solutions • In Professional solutions favorable spring weather supported by higher volumes while price erosion continued in weed control segments • In Consumer solutions sales were impacted by lower pricing and lower private label demand, while supported by favorable spring weather across the US and improved distribution in key channels North America Ag • Competitive and price-sensitive market; disciplined channel inventory management leading to slower replenishment • Balanced portfolio in Canada supporting sales • Higher sales reflecting MS increase and strong channel execution • Farmer demand impacted by low famer profitability and dry spring season • Lower market consumption, high channel inventory & high competition India • Higher volumes and pricing reflecting continued commercial momentum despite uneven seasonal conditions, including delayed monsoon rainfall and El Niño-related effects on crop protection demand. • Significant adverse foreign exchange impacts led to broadly stable sales in dollar terms. Pacific • Continued impact of El Niño-related weather conditions, particularly in Northern Australia, offset by stronger demand in Southern and Western Australia. • Retailers and growers continued to favor just-in-time purchasing patterns amid intense market competition. 3% 4% H1 $ CER 9% 2% H1 $ CER -3% -7% H1 $ CER 6% 5% H1 $ CER 3% 2% Q2 $ CER -3% -8% Q2 $ CER 3% -2% Q2 $ CER 2% 5% Q2 $ CER
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Sales bridge analysis Q2 Sales Notes – Numbers in million $; Denotes adjusted figures unless otherwise noted; Parts may not sum due to rounding; FX includes currency effect on sales, net of hedging. 13 968 33 -43 22 980 Q2 2025 ∆ Volumes ∆ Prices FX Q2 2026 1%3% Higher volumes r eflecting improved market demand supported by new product introductions Lower prices reflecting overall weaker market prices of active ingredients and weaker farmer purchasing power. -4%
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Q2 Gross Profit & EBITDA Notes – Numbers in million $; Denotes adjusted figures unless otherwise noted; Parts may not sum due to rounding; Volumes include mix effect; FX includes currency effect on sales and costs and opex, net of hedging 14 Gross Profit bridge analysis Improvement in gross profit and gross margin Attributable to business growth, better quality of business, favorable foreign exchange impacts and lower costs more than compensating for the lower prices EBITDA bridge analysis Negative impact of exchange rates on the OPEX offset by positive impact on Gross Profit. OPEX discipline measures in place. 281 16 -43 12 20 285 Q2 2025 ∆ Volumes ∆ Prices ∆ Cost FX Q2 2026 29.0% 29.1% 0% 118 -43 13 5 9 118 16 Q2 2025 ∆ Volumes ∆ Prices ∆ Cost ∆OPEX FX Q2 2026 1% 12.0% 12.2%
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H1 Sales Notes – Numbers in million $; Denotes adjusted figures unless otherwise noted; Parts may not sum due to rounding; FX includes currency effect on sales, net of hedging. 15 Sales bridge analysis 1,845 99 -78 65 1,930 H1 2025 ∆ Volumes ∆ Prices FX H1 2026 5% Higher volumes r eflecting improved market demand supported by new product introductions Lower prices reflecting overall weaker market prices of active ingredients and weaker farmer purchasing power. -4% 5%
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H1 Gross Profit & EBITDA Notes – Numbers in million $; Denotes adjusted figures unless otherwise noted; Parts may not sum due to rounding; Volumes include mix effect; FX includes currency effect on sales and costs and opex, net of hedging 16 Gross Profit bridge analysis Higher gross profit and stable gross margin Attributable to business growth and better quality, as well as favorable foreign exchange impacts, more than compensating for lower prices and mild cost increase EBITDA bridge analysis Higher OPEX reflecting the negative impact of exchange rates, an increase in employee compensation and an increase in expenses supporting sales growth. 546 -78 -2 56 57249 H1 2025 ∆ Volumes ∆ Prices ∆ Cost FX H1 2026 29.6% 29.6% -3% 244 -78 1 -13 35 238 49 H1 2025 ∆ Volumes ∆ Prices ∆ Cost ∆OPEX FX H1 2026 5% 12.3% 13.3%
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17 Unit: million USD * △ in comparison to Q1 2026 69 45 H1 2025 H1 2026 108 37 H1 2025 H1 2026 Operating Cash Flow Free Cash Flow Cash Flow Lower collections due to timing difference in Q1’25 and lower procurement in comparison to last year, in which the Company increased procurement and inventory in order to provide business continuity during the merging of entities in Israel. Continued ROI-based investment discipline moderated impact on free cash flow and lower cash flow used in investing activities, due to proceeds from sale of a logistics center in Israel
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Effective Interest Rate June 30, 2026 in Million USD 5.00%177 Short-term loans and credit from banks and commercial papers 4.68%490 Short-term loans from related parties 3.29%153Long-term loans from banks (including current maturities) 2.40%345 Long-term loans from related parties (including current maturities) 5.15%+CPI830Debentures (ILS denominated) (including current maturities) 1,995Total Debt Breakdown: ADAMA Solutions 18 As of June 30, 2026, the Company has unused committed credit lines from banks (of approximately $455m), and unused committed credit lines from related parties (of approximately $260m). Short-TermLong-Term Syngenta short term 24% Short term bank loans 9% Long Term Bank Loans 8%Syngenta long term 17% Bonds 42% Total debt as of 30.06.2026: $1,995m
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Net Debt/EBITDA ratio 19 * Net Debt for bank covenant purposes excludes securitization and SG loans Net Debt/EBITDA ratio 1.7X 815 484 Net Debt* 30/06/26 Last 12 mo. EBITDA
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THANK YOU
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Adjusted vs. Reported P&L *The adjusted gross profit includes all inventory impairment and excludes certain transportation costs, which are included in the reported cost of goods. 21 $ million Q2 2026 Adjusted Q2 2025 Adjusted %▲ Q2 2026 Reported Q2 2025 Reported %▲ H1 2026 Adjusted H1 2025 Adjusted %▲ H1 2026 Reported H1 2025 Reported %▲ Sales 980 968 1% 980 968 1% 1,930 1,845 5% 1,930 1,845 5% Gross Profit 285 281 1% 282 274 3% 572 546 5% 567 538 5% % of Sales 29.1% 29.0% 28.8% 28.3% 29.6% 29.6% 29.4% 29.2% EBITDA 118 118 (8%) 113 99 14% 238 244 (3%) 267 214 25% % of Sales 12.0% 12.2% 11.6% 10.3% 12.3% 13.3% 13.8% 11.6% Net Income (Loss) (7) (8) (31) (43) 45 22 109% 45 (34) % of Sales (0.7%) (0.8%) (3.2%) (4.5%) 2.3% 1.2% 2.3% (1.9%)
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Adjusted vs. Reported Financial Results Note: “Others” included accelerated depreciation, other financing expenses and tax impacts. Please see appendix to 2026 Second Quarter Report for more details. 22 The financial results in this presentation are presented on an “Adjusted” basis, and differ to some extent from the “Reported” financials contained in the formal financial statements of the Company. H1 25H1 26Q2 25Q2 26$ million (34)45(43)(31)Reported Net Profit 111155Amortization of Transfer assets received and written-up due to 2017 CC-SYT transaction (non-cash) 5533Amortization of acquisition-related PPA (non-cash) and other acquisition related costs -(36)--Capital gain from sale of a subsidiary's logistics center in Israel 246113Restructuring costs 7-7-Cleanup and remediation costs for plants in Israel -12-12Fixed assets and inventory impairment 92101Others 56-03624Total adjustments to net profit 2245(8)(7)Adjusted Net Profit ADAMA’s approach on the use of adjustments: • Adjusted r esults : • Exclude items that are of a one-time or non-cash/non-operational nature that do not impact the ongoing performance of the business • Reflect the way the Company’s management and the Board of Directors view the performance of the Company internally • The Company believes that excluding the effects of these items from its operating results allows management and investors to effectively compare the true underlying financial performance of its business from period to period and against its global peers