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Your Catalyst for Positive Change Deutsche Bank 15thAnnual GlobalIndustrials, Materials & BuildingProducts ConferenceJune 5, 2025
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Investor Overview /2 Legal DiscussionForward-Looking StatementsSome of the information contained in this presentation, the conference call during which this presentation is reviewed and any discussions that follow constitutes“forward-looking statements.” Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,”“expects,” “projects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding ourbusiness, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks andchanges in circumstances that are difficult to predict. Examples of forward looking statements include, but are not limited to, statements regarding our futureresults of operations, financial condition, liquidity, prospects, growth, strategies, capital allocation programs (including our share repurchase program), productand service offerings, expected demand trends and facility turnaround schedule, the timing and outcome, if any, of the Company's strategic review process for itsAdvanced Materials & Catalysts segment, the effect of tariffs on our business and results and our quarterly and full year 2025 financial outlook. Our actual resultsmay differ materially from those contemplated by the forward-looking statements. We caution you, therefore, against relying on any of these forward-lookingstatements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual resultsto differ materially from those in the forward-looking statements include, but are not limited to, regional, national or global political, economic, business,competitive, market and regulatory conditions, including the enactment, schedule and impact of tariffs and trade disputes, currency exchange rates, effects ofinflation and other factors, including those described in the sections titled “Risk Factors” and “Management’s Discussion & Analysis of Financial Condition andResults of Operations” in our filings with the SEC, which are available on the SEC’s website at www.sec.gov. Any forward-looking statement made by us in thispresentation, the conference call during which this presentation is reviewed and any discussions that follow speaks only as of the date on which it is made. Factorsor events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligationto update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.Non-GAAP Financial MeasuresThis presentation includes certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Free Cash Flow,Adjusted Free Cash Flow, Adjusted Diluted Income per share and Net Debt Leverage Ratio, which are provided to assist in an understanding of our business and itsperformance. These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures prepared inaccordance with GAAP. Non-GAAP financial measures should be read only in conjunction with consolidated financials prepared in accordance with GAAP.Reconciliations of non-GAAP measures to the relevant GAAP measures are provided in the appendix of this presentation. In reliance upon the unreasonableefforts exemption provided under Item 10(e)(1)(i)(B) of Regulation S-K, the Company is not able to provide a reconciliation of the Company’s non-GAAP financialguidance to the corresponding GAAP measures without unreasonable effort because of the inherent difficulty in forecasting and quantifying certain amountsnecessary for such a reconciliation such as certain non-cash, nonrecurring or other items that are included in net (loss) income and EBITDA as well as the relatedtax impacts of these items and asset dispositions / acquisitions and changes in foreign currency exchange rates that are included in cash flow, due to theuncertainty and variability of the nature and amount of these future charges and costs. Because this information is uncertain, the Company is unable to addressthe probable significance of the unavailable information, which could be material to future results.