Investor Presentaiton

LSB INDUSTRIES Low Carbon Ammonia - Why it Matters 2020 annual consumption of hydrogen and ammonia 74 MMT 187 MMT 100% Other 5% Steel 90% 20% 13% Methanol 80% Industrial uses: explosives, refrigerant, plastics, emission abatement, chemical feedstock, water treatment, pesticides, textiles 70% 29% Ammonia 60% 50% 40% via downstream 80% 30% Fertilizer, either direct or products like urea, UAN, AN, ammonium phosphate 50% Refining 20% 10% 0% Hydrogen Ammonia Source: International Energy Agency, Argus Consulting, CRU Nitrogen Research, IRENA (International Renewable Energy Agency) MMT Global ammonia demand forecast Total demand growth of 32 MMT expected by 2030, a 17% increase from 2020 392 MMT 30 Power Generation 15 H₂ Carrier 100 Marine Fuels 7 Power Generation 12 Industrial 219 MMT 5 Marine Fuels 48 Fertilizers 4 Industrial 16 Fertilizers 2020 demand and 187 supply at 80% operating rates 187 Total demand growth of 205 MMT by 2050 with 145 MMT coming from new ammonia as a fuel 2030 2050 application 17

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