Ecovyst (ECVT) Deutsche Bank 34th Annual Leveraged Finance Conference Presentation summary

Business profile and strategy

• Leading provider of regenerated and virgin sulfuric acid, sulfur dioxide, and derivatives, with strong positions in North America and proprietary technology.

• Exposure to growth sectors such as mining, electronics, and North American re-industrialization.

• Over 90% of 2025 sales secured by contracts with raw material cost pass-through and minimum volume protections.

• Strategic acquisitions, including Calabrian and Waggaman, have expanded product offerings and market reach.

• Focus on operational excellence, supply chain reliability, and high-quality customer relationships.

Product and service offerings

• Supplies regenerated and virgin sulfuric acid, sulfur dioxide, sodium bisulfite, sodium thiosulfate, and sodium metabisulfite.

• Products serve key industries: refining, mining, water treatment, energy, food, and specialty chemicals.

• Leading ex-situ catalyst activation services through Chem32.

• Manufacturing sites strategically located near major customers in the US and Canada.

Financial performance and capital allocation

• Q2 2026 sales reached $250 million, with Adjusted EBITDA of $53 million and Adjusted Free Cash Flow of $13 million.

• Adjusted EBITDA margin was 21.2%, down 260 bps year-over-year, mainly due to higher sulfur costs and inflation.

• Net debt leverage ratio at 2.0x as of June 30, 2026, with $176 million in liquidity.

• $146 million share repurchase authorization remaining; $35.7 million repurchased YTD June 2026.

• Over the past 15 months, 60% of capital allocated to debt repayment, 29% to acquisitions, and 11% to share repurchases.