May 3, 2024

1Q 2024 Earnings Presentation

Forward Looking Statements

This presentation contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, that address activities, events or developments that our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "expect," "anticipate," "estimate," "outlook," "project," "strategy," "intend," "plan," "target," "goal," "may," "will," "should" and "believe" and other variations or similar terminology and expressions. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and difficult to predict, which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: general economic and financial conditions in the U.S. and globally; the potential effects of inflationary pressures, labor market shortages and supply chain issues; instability or volatility in financial markets or other unfavorable economic or business conditions caused by geopolitical concerns, including as a result of the conflict between Russia and Ukraine, the conflict in Israel and Gaza, and the possible expansion of such conflicts; the effect of the foregoing on our customers' demand for our products and our suppliers' ability to manufacture and deliver our raw materials, including implications of reduced refinery utilization in the U.S.; our ability to sell and provide our goods and services; the ability of our customers to pay for our products; any closures of our and our customers' offices and facilities; risks associated with increased phishing, compromised business emails and other cybersecurity attacks, data privacy incidents and disruptions to our technology infrastructure; risks associated with operating with a reduced workforce; risks associated with our indebtedness including compliance with financial and restrictive covenants, and our ability to access capital on reasonable terms, at a reasonable cost, or at all, due to economic conditions or otherwise; the impact of scheduled turnarounds and significant unplanned downtime and interruptions of production or logistics operations as a result of mechanical issues or other unanticipated events such as fires, severe weather conditions, natural disasters, pandemics and geopolitical conflicts and related events; price fluctuations, cost increases and supply of raw materials; our operations and growth projects requiring substantial capital; growth rates and cyclicality of the industries we serve including global changes in supply and demand; failure to develop and commercialize new products or technologies; loss of significant customer relationships; adverse trade and tax policies; extensive environmental, health and safety laws that apply to our operations; hazards associated with chemical manufacturing, storage and transportation; litigation associated with chemical manufacturing and our business operations generally; inability to acquire and integrate businesses, assets, products or technologies; protection of our intellectual property and proprietary information; prolonged work stoppages as a result of labor difficulties or otherwise; failure to maintain effective internal controls; our ability to declare and pay quarterly cash dividends and the amounts and timing of any future dividends; our ability to repurchase our common stock and the amount and timing of any future repurchases; disruptions in supply chain, transportation and logistics; potential for uncertainty regarding qualification for tax treatment of our spin- off; fluctuations in our stock price; and changes in laws or regulations applicable to our business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our filings with the Securities and Exchange Commission (SEC), including the risk factors in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, as updated in subsequent reports filed with the SEC.

Non-GAAP Financial Measures

This presentation includes certain non-GAAP financial measures intended to supplement, not to act as substitutes for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided in this presentation, except with respect to forward-lookingnon-GAAP measures, where such reconciliation is not available without unreasonable effort as the Company is unable to predict with reasonable certainty the occurrence or amount of all adjustments or other potential adjustments that may arise, which can be dependent on future events. Investors are urged to consider carefully the comparable GAAP measures and the reconciliations to those measures provided. Non-GAAP measures in this presentation may be calculated in a way that is not comparable to similarly-titled measures reported by other companies.

© 2024 AdvanSix Inc. All Rights Reserved.

2

Overview

1Q24 Performance Impacted by Operational Disruption, Anticipating Rebound in 2Q24

1Q24 Sales

$337M

  • 1Q24 Results Unfavorably Impacted by Process-Based Operational Disruption at Our Frankford, PA Manufacturing Site
    • 1Q24 Net Loss of ($17M); 1Q24 results include ~$27M unfavorable pre-tax income impact from operational disruption
    • Navigated challenges to mitigate value chain impact including purchases of replacement product and leveraging our integrated asset base and diversified portfolio

1Q24 Adjusted EBITDA

Expect Operational and Commercial Tailwinds in 2Q24

- Return to expected robust plant utilization rates

$1M

- Expect 2Q24 ammonium sulfate sequential pricing improvement amid continued sulfur demand growth and tight North

American supply

- Expect balanced to tight global acetone supply and demand conditions

- Expect nylon industry spreads to modestly improve through 2024 off 2023 trough levels

1Q24 Return of

Recognition for Corporate Social Responsibility and Sustainability Performance

Cash to Shareholders

$11M

- Third consecutive EcoVadis Platinum rating

- Strong ratings by CDP: "A-" for water security and "B" for climate change

- ISCC PLUS certification across our manufacturing sites at Frankford, Hopewell and Chesterfield

See Appendix in this presentation for a reconciliation of Adjusted EBITDA, which is a non-GAAP measure

© 2024 AdvanSix Inc. All Rights Reserved.

3

1Q 2024 Financial Summary

Results Impacted by Operational Disruption, Unfavorable Market-Based Pricing YoY

($M, except per share amounts)

Sales

Adjusted EBITDA

Adjusted Diluted EPS

Free Cash Flow

(16%)

$401

$337

1Q231Q24

($65)

($1.86)

($49)

$65

$1.30

($23)

($72)

$1

($0.56)

1Q23

1Q24

1Q23

1Q24

1Q23

1Q24

Adjusted

Net Income

$35.0

($17.4)

EBITDA Margin 16.3%

0.2%

Diluted EPS

$1.22

($0.65)

Highlights

  • Sales down (16%)
    • Price (9%): Market-Based (9%), Raw Materials Pass Through ~Flat
    • Volume (7%)
  • Adjusted EBITDA decrease driven primarily by the impact of the first quarter operational disruption and unfavorable market-based pricing, net of raw material costs
  • Cash Flow from Operations ($36M), down ($38M) vs. prior year primarily due to lower net income and the impact of changes in working capital
  • Capex of $35M, up $11M vs. prior year primarily reflecting increased spend on enterprise programs and other maintenance projects
  • 1Q24 trailing twelve-month debt leverage ~2x when normalizing for Frankford operational disruption; Anticipate debt leverage to remain within target range of 1.0x - 2.5x in 2024

See Appendix in this presentation for a reconciliation of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EPS and Free Cash

© 2024 AdvanSix Inc. All Rights Reserved.

4

Flow, which are non-GAAP measures; Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by sales; Free cash flow is

defined as net cash provided by operating activities less capital expenditures

1Q 2024 Adjusted EBITDA Sequential Bridge

Operational Disruption Impact Partially Offset By Sequential Commercial Tailwinds

($M)

Ammonium Sulfate

Chemical Intermediates

Caprolactam

Nylon

$11

$15

  • Lower export volume supporting more favorable sales mix
  • Lower SG&A costs

$7

($5)

($27)

$1

4Q23

Price - Raws Spread

Volume / Mix / Other

Planned Plant Turnaround

1Q24 Operational

1Q24

Disruption

See Appendix in this presentation for a reconciliation of Adjusted EBITDA, which is a non-GAAP measure

© 2024 AdvanSix Inc. All Rights Reserved.

5

Industry Pricing and Spreads

Nylon

Global Pricing Stable Sequentially

1200 ($/MT)

1000

800

600

400

Ammonium Sulfate

Chemical Intermediates

Ammonium Sulfate Pricing Strengthening Into

Tight Global Acetone Supply and Demand

Domestic Season

2400

($/ston N

1200

80

(cents per

pound)

content basis)

2000

1000

60

1600

800

40

1200

600

20

800

400

0

1Q24 YoY

1Q24 vs. 4Q23

1Q24 YoY

1Q24 vs. 4Q23

1Q24 YoY

1Q24 vs. 4Q23

Global Composite CPL-BNZ Spread

(22%)

1%

Corn Belt AS price - Left Axis

(14%)

7%

Acetone, Sm/Med Buyer Price

32%

5%

Asia CPL-BNZ Spread

(13%)

(12%)

Corn Belt Urea price - Right Axis

0%

0%

Acetone, Large Buyer Price

29%

14%

Asia Resin-BNZ Spread

(5%)

(3%)

Refinery Grade Propylene Costs

(15%)

7%

Sources: Tecnon Orbichem, Wood Mackenzie, Green Markets, A Bloomberg Company, and Chemical Market Analytics

© 2024 AdvanSix Inc. All Rights Reserved.

6

Outlook Considerations

Operational and Commercial Tailwinds Supporting Earnings Outlook Improvement

Operational

Return to expected robust plant utilization rates

Anticipate ~70% ammonium sulfate (AS) granular conversion by end of 2024 through SUSTAIN (Sustainable U.S. Sulfate to Accelerate Increased Nutrition) program

Continue to expect Capex of $140-$150M in 2024

Continue to expect pre-tax income impact of planned plant turnarounds to be $38-$43M in 2024; Shifting larger planned turnaround to 4Q24 from 3Q24

Commercial

Anticipate 2Q24 AS sequential pricing improvement amid continued sulfur demand growth and tight North American supply followed by typical AS seasonality impact in 3Q24 sequentially

Expect balanced to tight global acetone supply and demand conditions

Expect nylon industry spreads to modestly improve through 2024 off 2023 trough levels

© 2024 AdvanSix Inc. All Rights Reserved.

7

Sustainability Initiatives and Performance

Delivering Results For All Stakeholders and Driving Customer Outcomes

EcoVadis Platinum Rating

CDP Rating

ISCC PLUS Certification

  • Third consecutive Platinum rating is a continued recognition of our commitment to corporate social responsibility (CSR)
  • Platinum rating puts AdvanSix in the top 1% of all companies assessed
  • EcoVadis CSR assessment methodology is based on international sustainability standards and covers more than 220 spend categories and over 180 countries
  • Recognized in the top "Leadership" category with an improved "A-" rating for our water security submission
  • Maintaining "B" rating for climate change, which indicates the company addressed the environmental impact of its business and ensures good environmental management
  • CDP is a global non-profit that operates the leading environmental disclosure platform
  • Certified to the International Sustainability and Carbon Certification (ISCC) PLUS standard for our manufacturing sites in Frankford, Hopewell and Chesterfield
  • Globally recognized system for developing sustainable supply chains
  • Certification helps our customers transform and meet their own sustainability goals
  • Complements our existing recycled nylon product lines with 100% post-industrial (PIR) or 100% post- consumer (PCR) recycled content

© 2024 AdvanSix Inc. All Rights Reserved.

8

APPENDIX

Planned Plant Turnarounds

Pre-Tax Income Impact by Quarter (1)

1Q

2Q

3Q

4Q

FY

Primary Unit

Operation

2017

--

~$10M

~$4M

~$20M

~$34M

Sulfuric Acid

Timing driven by compliance, inspection and

2018

~$2M

~$10M

~$30M

--

~$42M

Ammonia

sustaining asset base

Critical to supporting high utilization rates

2019

--

~$5M

~$5M

~$25M

~$35M

Sulfuric Acid

Dedicated teams to improve effectiveness

2020

~$2M

~$7M

~$20M

~$2M

~$31M

Ammonia

Staggered across unit operations to maintain

2021

~$3M

~$8M

--

~$18M

~$29M

Sulfuric Acid

output

2022

~$1M

~$5M

~$44M

--

~$50M

Ammonia

Proactive maintenance capex prioritized to

2023

~$2M

~$1M

~$27M

--

~$30M

Sulfuric Acid

mitigate risk and support safe, stable and

sustainable operations

2024E

~$5M

~$3M

~$2M

$28-$33M

$38-$43M

Ammonia

1) Primarily reflects the impact of fixed cost absorption, maintenance expense, and the purchase of feedstocks which are normally manufactured by the Company

© 2024 AdvanSix Inc. All Rights Reserved.

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AdvanSix Inc. published this content on 03 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2024 12:00:08 UTC.