Investor Presentaiton

LSB INDUSTRIES Adjusted EPS Reconciliation 2022 Twelve Months Ended December 31, 2021 Numerator: Net income (loss) attributable to common stockholders Adjustments for Exchange Transaction: Dividend requirements on Series E Redeemable Preferred Deemed dividend on Series E and Series F Redeemable Preferred Accretion of Series E Redeemable Preferred Adjusted net income attributable to common stockholders, excluding Exchange Transaction Other Adjustments: Stock-based compensation Change of control Noncash gain on natural gas contracts Legal fees (Leidos) Loss on disposal of assets FMV adjustment on preferred stock embedded derivative $ 230,347 $ (220,002) 29,914 231,812 1,523 230,347 43,247 4,025 5,516 3,223 (1,205) 1,114 1,894 1,219 823 2,258 Turnaround costs Net loss on extinguishment of debt 29,235 113 9,953 10,259 Adjusted net income attributable to common stockholders, excluding Exchange Transaction and other adjustments $ 266,053 $ 75,968 Denominator: Adjusted weighted-average shares for basic net income per share and for adjusted net income per share, excluding Exchange Transaction (1) 84,753 49,963 Unweighted shares, including unvested restricted Adjustment: stock subject to forfeiture Outstanding shares, net of treasury, at period end for adjusted net income per share, excluding Exchange Transaction and other adjustments Basic net income (loss) per common share Adjusted net income per common share, excluding Exchange Transaction Adjusted net income per common share, excluding Exchange Transaction and other adjustments Adjusted Net Income and Adjusted EPS(1) Adjusted net income attributable to common stockholders, excluding Exchange Transaction Other adjustments Adjusted net income Adjusted net income per common share, excluding Exchange Transaction and other adjustments (1) Excludes the weighted-average shares of unvested restricted stock that are subject to forfeiture 1,250 39,830 86,003 89,793 2.72 $ (4.40) $ 2.72 $ 0.87 3.09 0.85 $ $ 230,347 35,706 266,053 $ 43,247 32,721 $ 75,968 3.09 $ 0.85 30

View entire presentation