Investor Presentaiton

AICL Financial Highlights Revenues Margin expansion JV sales to increase from ~$550M to ~$700M • Commodity / Specialty sales volumes ratio to develop from 90%/10% to 50%/50% Expand EBITDA margins from low teens to high teens within 5 years EV/EBITDA ⚫ JV valuation reflects approximately 7.4x EV/EBITDA multiple (year 2 estimates) EPS accretion Synergies • Cash EPS accretive from the first full year of operations At least $30M per year, achieved within 5 years, with a potential to double this amount CAPEX Where needs take us ~$170M spread over 4 years starting from the closing 5

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