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Investor Presentaiton

Clear Path to Nearly Doubling Adjusted EBITDA by 2023 $67M $5 $6 million 2020 GROW & DIFFERENTIATE Lydall FIX & FOCUS $140M - $160M $110M - $120M Near-Term Execution Actions Solidify global leadership in specialty filtration • Deploy new specialty filtration assets • Rationalize manufacturing footprint & focus on high ROIC opportunities • Continue to optimize proven product lines to enhance margins • Long-Term Optimization Priorities Rapidly develop next generation filtration capabilities • Differentiate & grow in attractive markets 2023 ACCELERATE VALUE CREATION 2025 . Direct capital towards high-margin engineered solutions USE OR DISCLOSURE OF INFORMATION CONTAINED ON THIS SHEET IS SUBJECT TO THE RESTRICTIONS ON THE TITLE SLIDE 13
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