Financial Data and Key Metrics Changes - The company is targeting significant cost savings in 2025 and has reduced capital spending for 2026, indicating a cautious outlook on macroeconomic conditions [7][8] - There is an expected mid-single-digit drop in demand for the second half of the year, influenced by trade dynamics and seasonality [12][16] - The company anticipates a utilization headwind of approximately $75 million to $100 million in the second half of the year due to inventory reduction efforts [13][14] Business Line Data and Key Metrics Changes - The chemical and materials business is facing challenges due to overcapacity from China, impacting profitability [20][21] - The Methanalysis unit is performing well, with expectations of improved profitability through debottlenecking investments [30][32] - The fibers business is experiencing a decline due to tariff impacts and market demand issues, with a projected $20 million headwind from tariffs [56][91] Market Data and Key Metrics Changes - The automotive market is expected to see low single-digit declines in the back half of the year, influenced by tariff concerns and consumer behavior [50][51] - The consumer durables market is particularly affected by trade dynamics, leading to cautious purchasing behavior among customers [41][42] - The textile market has slowed down significantly due to tariffs, impacting overall demand [57][58] Company Strategy and Development Direction - The company is focusing on cash generation and cost management in response to current market uncertainties [13][17] - There is a strategic emphasis on improving the structural strength of the business and enhancing profitability through targeted investments [22][24] - The company is exploring alternative options for its Methanalysis investments, indicating a flexible approach to capital allocation [34][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledges significant uncertainty in demand due to trade dynamics and macroeconomic factors, emphasizing the need for cautious forecasting [10][15] - There is optimism about potential stabilization in 2026, driven by pro-growth policies and resolution of trade issues [16][17] - The management is committed to maintaining cost discipline and optimizing working capital to navigate the current challenges [45][62] Other Important Information - The company is experiencing volatility in customer demand, particularly in consumer discretionary markets, which are highly sensitive to trade conditions [70][72] - The company has a strong focus on maintaining price-cost stability in its AFP business, which has contributed to its performance [55][56] Q&A Session Summary Question: How representative of the second half should be when thinking about trough earnings levels? - Management indicated that the second half is heavily impacted by trade situations, making it a poor indicator of overall company performance [8][10] Question: How far along is the investment in the Metapasys unit? - Management confirmed that the investment is progressing well, with expectations of significant profitability improvements [18][30] Question: What triggered the change in customer dialogue in July? - Management noted that the trade pause allowed customers to reassess their inventory and demand outlook, leading to a more cautious approach [39][41] Question: Can you provide more color on the automotive end markets? - Management highlighted that while the aftermarket performed well, the interlayer business faced challenges due to production moderation in response to tariffs [49][50] Question: What is the current state of tariffs and their impact on the fibers business? - Management stated that tariffs have significantly impacted the textile market, leading to a cautious outlook for the fibers segment [56][58] Question: What are the expectations for cash flow next year? - Management indicated that while cash flow may decrease due to pulling forward cash flow this year, they expect to build off a stable platform for future growth [62][63]

Financial Data and Key Metrics Changes - The company is targeting a reduction in capital spending for 2026, indicating a focus on cost savings in 2025 as well [6][14] - There is an expected mid-single-digit drop in demand for the second half of the year, influenced by trade dynamics and seasonality [12][15] - The company anticipates a utilization headwind of approximately $75 million to $100 million in the second half of the year due to inventory reduction efforts [13][16] Business Line Data and Key Metrics Changes - The Chemical Intermediates segment is expected to improve by over $30 million, while the Specialty and Fibers segments are projected to decline by a similar amount [70] - The AFP business saw a 4% year-over-year price increase primarily driven by cost pass-through contracts [54] - The Fibers business is facing a $20 million headwind due to tariffs and a $20 million asset utilization headwind, alongside higher energy costs [95][96] Market Data and Key Metrics Changes - The automotive market is expected to see a low single-digit decline in the back half of the year, with challenges stemming from tariff impacts and consumer behavior [50][51] - The textile market has slowed down significantly due to tariffs, impacting demand and leading to a cautious approach from customers [57][58] - The company is experiencing accelerated demand in certain areas, particularly in mechanical recycling for food-grade packaging applications [35] Company Strategy and Development Direction - The company is focusing on cash generation and cost management in response to current market uncertainties [13][16] - There is an emphasis on improving the structural strength of the business, particularly in the chemical and materials segments [21][22] - The company is exploring debottlenecking investments to enhance operational efficiency and profitability in its methanol system plant [30][31] Management's Comments on Operating Environment and Future Outlook - Management highlighted the chaotic nature of the current operating environment, driven by trade dynamics and consumer caution [12][14] - There is a belief that stability may return in 2026, contingent on resolving trade issues and improving economic conditions [15][16] - The management remains cautious about predicting demand due to ongoing uncertainties in the market [40][81] Other Important Information - The company is targeting additional cost cuts of $75 million to $100 million, which will be detailed in plans for the second half of the year [103] - The methanol system plant is performing well, with expectations for increased profitability as operational efficiencies are realized [30][31] Q&A Session Summary Question: Can you help us understand how representative the second half should be when thinking about trough earnings levels? - Management indicated that the second half is heavily impacted by trade situations, making it a poor measure of overall company performance [7][10] Question: How far along is the investment in the Metapasys unit, and what gives confidence in profitability? - Management discussed ongoing challenges in the chemical and materials business but expressed optimism about improving profitability through strategic investments [20][24] Question: What triggered the change in customer dialogue in July? - Management noted that the trade pause allowed customers to reassess their inventory and demand, leading to a more cautious approach [41][42] Question: Can you provide more color on the weakness in the automotive end markets? - Management confirmed that while the aftermarket performed well, the interlayer business faced challenges due to production moderation in response to tariffs [49] Question: What is the outlook for the Fibers business next year? - Management indicated that the Fibers business is facing headwinds this year but expects stabilization and potential recovery in the following year [94][100]

Core Insights - Eastman Chemical Company (EMN) reported second-quarter 2025 earnings of $1.20 per share, a decline of approximately 38% from $1.94 in the same quarter last year [1] - Adjusted earnings were $1.60 per share, down from $2.15 year-over-year, and below the Zacks Consensus Estimate of $1.72 [1][9] - Revenues for the second quarter were $2,287 million, a decrease of around 3% year-over-year, missing the Zacks Consensus Estimate of $2,289.9 million [1][9] Financial Performance - Cash and cash equivalents at the end of the quarter stood at $423 million, with net debt at $4,703 million [6] - Cash provided by operating activities was $233 million, down approximately 37% year-over-year [6] - The company returned $145 million to shareholders through dividends and share repurchases during the quarter [6] Segment Performance - Advanced Materials segment sales fell 2% year-over-year to $777 million, beating the estimate of $770 million [3] - Additives & Functional Products segment sales increased by 7% year-over-year to $769 million, surpassing the estimate of $732 million [4] - Chemical Intermediaries segment sales decreased by 10% year-over-year to $463 million, missing the estimate of $529 million [5] - Fibers segment reported sales of $274 million, down 17% year-over-year, but beating the estimate of $252 million [5] Market Outlook - The company is facing significant challenges in the second quarter, with only modest signs of seasonal improvement across end markets [2] - EMN anticipates a challenging global macroeconomic environment in the second half, with cautious customer behavior due to changing tariffs and soft demand [7] - The company expects third-quarter adjusted earnings to be approximately $1.25 per share and aims for an operating cash flow of around $1 billion for the full year [7][9] Stock Performance - EMN's shares have declined by 25.5% over the past year, compared to a 22.8% decline in the Zacks Chemicals Diversified industry [10]

2Q 2025 financial results July 31, 2025 Prepared remarks These slides should be reviewed with the accompanying prepared remarks posted on our website. Forward-looking statements The information in this release and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, volumes, pricing, margins, cost reductions, expenses, taxes, liquidity, cap ...

Company Performance - Eastman Chemical reported quarterly earnings of $1.6 per share, missing the Zacks Consensus Estimate of $1.72 per share, and down from $2.15 per share a year ago, representing an earnings surprise of -6.98% [1] - The company posted revenues of $2.29 billion for the quarter ended June 2025, which also missed the Zacks Consensus Estimate by 0.13%, and compared to year-ago revenues of $2.36 billion [2] - Over the last four quarters, Eastman Chemical has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Stock Performance - Eastman Chemical shares have lost about 19.6% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The current status of estimate revisions for Eastman Chemical translates into a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.83 on revenues of $2.41 billion, and for the current fiscal year, it is $7.16 on revenues of $9.25 billion [7] - The outlook for the industry, specifically the Chemical - Diversified sector, is currently in the bottom 6% of over 250 Zacks industries, which may materially impact the stock's performance [8]

Exhibit 99.01 Eastman Announces Second Quarter 2025 Financial Results KINGSPORT, Tenn., July 31, 2025 – Eastman Chemical Company (NYSE:EMN) announced its second quarter 2025 financial results. | (In millions, | | except | per | share | amounts; | unaudited) | 2Q2025 | 2Q2024 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | revenue | | | | | | $2,287 | $2,363 | | Earnings | | before | interest | and | taxes ("EBIT") | | 222 | 337 | | Adjusted | | EBIT* | | | | | 275 | 353 | | Earnings | | ...

Company Overview - Eastman Chemical (EMN) is expected to report a year-over-year decline in earnings, with a projected EPS of $1.73, reflecting a decrease of 19.5% compared to the previous year [3] - Revenues are anticipated to be $2.29 billion, down 3.2% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 0.13% higher in the last 30 days, indicating a slight positive adjustment from analysts [4] - The Most Accurate Estimate for Eastman Chemical is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.24%, suggesting a bearish outlook from analysts [12] Historical Performance - In the last reported quarter, Eastman Chemical exceeded the consensus EPS estimate of $1.89 by delivering earnings of $1.91, resulting in a surprise of +1.06% [13] - The company has beaten consensus EPS estimates in each of the last four quarters [14] Market Sentiment - The stock's movement may be influenced by the upcoming earnings report on July 31, with potential for a price increase if results exceed expectations, or a decrease if they fall short [2] - Despite the potential for an earnings beat, the combination of a negative Earnings ESP and a Zacks Rank of 4 indicates challenges in predicting a positive outcome for Eastman Chemical [12][17] Industry Context - Methanex (MEOH), another player in the chemical industry, is also expected to report a decline in earnings, with an EPS estimate of $0.42, down 32.3% year-over-year [18] - Methanex's revenues are projected to be $873.92 million, reflecting a 5% decrease from the previous year [19]

Core Viewpoint - Euro Manganese Inc. has announced the appointment of Sherry Roberge as Interim Chief Financial Officer and Martina Blahova to the Board of Directors, effective July 15, 2025, which is expected to enhance the company's strategic execution in the battery materials sector [1][3]. Company Appointments - Sherry Roberge, a Chartered Professional Accountant with over 15 years of experience in the resource sector, has been appointed as Interim Chief Financial Officer. Her background includes roles at NorthX Nickel Corp. and Defiance Silver Corp., focusing on corporate governance, regulatory compliance, and financial reporting [2][3]. - Martina Blahova, currently the President and CEO, has also been appointed to the Board of Directors, following her successful acquisition of a Director Identification Number from the Australian Business Registry Services [3]. Company Overview - Euro Manganese is focused on producing high-purity manganese for the electric vehicle industry, with ongoing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity in Bécancour, Québec [4][5]. - The Chvaletice Project involves reprocessing old tailings from a decommissioned mine, positioning the company as a key supplier of critical raw materials for battery supply chains in the European Union [5].

Company Overview - Eastman Chemical is a specialty chemicals and materials innovation company operating in four segments: Advanced Materials, Additives and Functional Products, Chemical Intermediates, and Fibers [1] - The company is headquartered in Tennessee and has manufacturing plants in twelve countries [1] Leadership - Laura Starks is the founder and CEO of Starks Energy Economics, LLC, established in 2007 [1] - She holds a degree in chemical engineering and an MBA with a concentration in finance, which she utilizes for personal investments and insights on energy companies [1] Coverage and Expertise - The coverage includes utilities, independent power producers, energy service companies, contractors, petrochemical companies, and all sectors of oil and natural gas: upstream, midstream, and downstream [1]

Core Viewpoint - Euro Manganese has signed a term sheet with Integrals Power Limited for the sale of high-purity manganese sulphate to enhance the battery supply chain for LMFP technology [1][5] Group 1: Partnership Details - The term sheet outlines an initial seven-year agreement for the supply of high-purity manganese sulphate from the Chvaletice Manganese Project in the Czech Republic, with options for renewal [5][6] - Deliveries will commence upon successful qualification of Euro Manganese's product by Integrals Power [5][6] Group 2: Strategic Importance - This partnership aims to secure a reliable and local supply of high-purity manganese, which is essential for Integrals Power's LMFP cathode materials used in various applications including electric vehicles and grid-scale storage [4][5] - Euro Manganese's Chvaletice Project is positioned as a unique resource within the European Union, contributing to the circular economy and low-carbon initiatives [7] Group 3: Technological Collaboration - Initial testing to assess the compatibility of Euro Manganese's high-purity manganese sulphate with Integrals Power's production process is set to begin in the third quarter of 2025 [5][6] - Successful outcomes from this testing could lead to further collaboration and integration of Euro Manganese's products into Integrals Power's supply chain [5][6]