Ecovyst (ECVT) DB 15th Annual Global Industrials, Materials & Building Products Conference presentation summary

Business profile and value proposition

• Industry leader in specialty catalysts and services for key end uses, with strong organic growth trends driven by demand for sustainable products and services.

• Revenue visibility supported by customer collaborations, qualified products, and long-term contracts.

• Unit margin stability achieved through price leverage and contractual cost pass-through mechanisms.

• Attractive segment Adjusted EBITDA margins in the 30% range and strong cash generation, with 2024 Adjusted Free Cash Flow of $86 million.

• Net Debt Leverage Ratio at 3.2x as of March 31, 2025.

Segment performance and financial highlights

• Ecoservices segment reported $598 million in 2024 sales and $200 million in Adjusted EBITDA, serving refinery, mining, and industrial markets.

• Advanced Materials & Catalysts segment had $106 million in Advanced Silicas sales, $117 million in Zeolyst JV sales, and $65 million in Adjusted EBITDA for 2024.

• Q1 2025 GAAP sales were $162 million, with Adjusted EBITDA of $39 million and a 20% margin; liquidity stood at $201 million.

• Ecoservices Q1 2025 sales were $143.1 million, with Adjusted EBITDA of $28.5 million, impacted by higher costs and lower volumes due to scheduled turnarounds.

• Advanced Materials & Catalysts Q1 2025 Adjusted EBITDA rose to $17.5 million, driven by higher Zeolyst JV sales, with a margin of 30.8%.

Strategic priorities and growth drivers

• Focus on strengthening core segment positions through digitization, AI, and efficiency improvements.

• Growth targeted in industrial segments via capacity expansion, debottlenecking, and leveraging technology advantages.

• Accelerating growth in sustainable and low-carbon segments, including renewable fuels, advanced plastics recycling, and carbon capture.

• Sustaining a safe and responsible workplace as a strategic priority.