Air Products and Chemicals (APD) Company presentation summary

Company overview

• Global industrial gases provider with operations in about 50 countries and over 85 years of experience.

• Serves more than 250,000 customers across 30+ industries with 750+ production facilities.

• Holds the top global position as a hydrogen supplier and operates 1,800 miles of industrial gas pipeline.

Financial highlights and sales mix

• FY25 sales projected at $12.0 billion, with over 40 consecutive years of dividend growth.

• Sales by supply mode: Liquid Bulk 33%, HyCO 24%, On-Site ASU 28%, Packaged 11%, Equipment 4%.

• Sales by end market: Energy 21%, Chemicals 21%, Electronics 17%, Metals 15%, Manufacturing 10%, Food 6%, Medical 5%, Other 5%.

Business model and contract structure

• On-site/pipeline model pioneered, representing the largest share of sales with 15–20+ year contracts and limited volume/energy/raw material risk.

• Liquid Bulk and Packaged Gas supplied via local supply chains, with shorter-term contracts.

• Equipment & Services provided on a purchase order basis.