Investor Presentaiton

LSB INDUSTRIES Resilient Industrial and Mining Markets Competing for Limited Molecules Strong domestic mining fundamentals Robust industrial market supported by low energy cost advantage Competing demand on nitrogen between Industrial, Mining, and Ag COPPER Electrification, decarbonization, government investments IRON ORE Strong export markets, domestic infrastructure investments, decarbonization AGGREGATES Infrastructure investments, partially offset with slower new housing starts GOLD Strong pricing and low-cost regional mines COAL Long term thermal coal decline currently offset by European energy crisis METALLURGICAL COAL Robust domestic steel demand supported by government investments +/- + + Industrial materials demand broadly correlated to GDP China growth supportive of global demand Slower GDP growth offset by supportive export economics (where applicable) due to globally low energy cost Resurgence in local manufacturing supported by Government investments INDUSTRIAL OPTIMIZE MARKET MIX MINING AGRICULTURE Limited domestic supply capacity growth 15

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