EPS $0.21 $0.66 Adjusted EPS1 $0.25 $0.69 Q1 2023 EARNINGS PRESENTATION Statements in this presentation that are not historical are forward‐looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward‐looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID‐19 pandemic and anticipated performance based on our grow ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-7677 LSB INDUSTRIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 73-1015226 (State of o ...

Financial Data and Key Metrics Changes - The company reported a record adjusted EBITDA of $105 million for Q4 2022, up from $90 million in Q4 2021, reflecting a year-over-year growth of approximately 17% [11][26] - Adjusted EPS for the quarter was $0.90, indicating strong financial performance [11] - For the full year 2022, sales and adjusted EBITDA increased by 62% and 117% respectively compared to 2021 [16] Business Line Data and Key Metrics Changes - The company experienced strong demand for nitrogen fertilizers, which is expected to continue as planting season approaches [8] - Sales volumes were lower in Q4 due to planned turnaround activities and weather impacts, but higher sales volumes are anticipated in 2023 [29][44] - The company expects a significant year-over-year increase in ammonia production and sales volumes in 2023 due to no scheduled turnarounds [10][30] Market Data and Key Metrics Changes - Corn prices remain above multi-year averages, driven by global factors, and are expected to stay high through 2023, leading to increased planted acres [20][21] - The domestic end-use markets for industrial products are stronger than those in Europe and Asia, supporting business stability [22] - Natural gas prices in Europe have declined, impacting pricing for nitrogen products, but demand trends remain solid [9][51] Company Strategy and Development Direction - The company is focusing on becoming a leader in the clean energy sector, with agreements to develop low and no carbon ammonia projects [17][34] - Investments in facilities are expected to enhance safety, reliability, and production capacity, contributing to profitability [19][53] - The company aims to increase production capacity through debottlenecking initiatives and is evaluating multiple projects for this purpose [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in robust profitability and cash flow for 2023, despite expectations of lower EBITDA due to moderating nitrogen prices [45][10] - The company anticipates that the absence of turnarounds in 2023 will lead to significant production increases [39] - Management highlighted the importance of safety and environmental stewardship as core values driving operational decisions [6][35] Other Important Information - The company ended 2022 with approximately $458 million in total liquidity, including $394 million in cash and short-term investments [41] - A significant portion of cash flow from operations was returned to shareholders through share repurchases, with approximately 60% of free cash flow allocated for this purpose [25][41] - The company is pursuing a federal grant under the USDA's fertilizer production expansion program to support its growth initiatives [61][94] Q&A Session Summary Question: What is the expectation for cash taxes in 2023? - Management indicated that they do not expect to be a material cash taxpayer in 2023 due to the utilization of net operating losses [128] Question: Can you discuss the nitrogen market and distributor buying? - Management noted that there has been a standoff in the market, but they expect increased buying as the planting season approaches [60][72] Question: What is the timeline for the CCS Class 6 well permit? - Management expressed confidence in their application, stating it is comprehensive and that they expect the approval process to take 18 to 24 months [74][80] Question: How is the company addressing the drought conditions affecting crop production? - Management acknowledged the impact of droughts but noted that good crop conditions in Brazil could offset some negative effects [110][132] Question: What is the company's strategy regarding share repurchases versus debt reduction? - Management is evaluating the best use of cash, considering both share repurchases and debt reduction as viable options [125][146]

200 296 1,114 1,894 859 3,286 1,250 39,830 79,083 89,793 86,003 89,793 $ 0.84 $ 0.49 $ 2.72 $ (4.40) 16 3 Market Overview (1) Adjusted EBITDA1 compared to 47% in the fourth quarter of completion of the Pryor Turnaround early in the quarter and weather impact on Cherokee production Following Turnarounds at our Pryor and El Dorado facilities, expect improved (1) Q4'22 Q4'21 strong plant operations Record Q4 Adjusted EBITDA of $105 M - Net Sales $234 M $190 M an increase of 17% year over year Adjusted EBITDA M ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q For the transition period from to Commission file number 1-7677 LSB Industries, Inc. (Exact name of Registrant as specified in its charter) Delaware 73-1015226 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3503 NW 63 Street, Suite 500, Oklahoma City, Oklahoma 73116 (Address of principal executive offices) (Zip Code) rd ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF T ...

Financial Data and Key Metrics Changes - The company reported a record adjusted EBITDA of $50 million for Q3 2022, compared to $38 million in Q3 2021, reflecting strong year-over-year growth despite two planned turnarounds [13][18][25] - Adjusted EPS for the quarter was $0.27, indicating solid profitability [14] - Total liquidity at the end of the quarter was approximately $450 million, including about $385 million in cash and short-term investments [14][17] Business Line Data and Key Metrics Changes - The company experienced lower production volumes due to planned turnarounds, resulting in a loss of approximately 53,000 tons of ammonia production [20][81] - Pricing for industrial products remained stable, with favorable trends in nitrogen fertilizer pricing due to strong demand [11][12] Market Data and Key Metrics Changes - Corn prices remained elevated due to global factors, with expectations for continued high prices into 2023, which is expected to drive increased planted acres [9][10] - The mining market has strengthened significantly, leading to increased demand and pricing for mining products [12] Company Strategy and Development Direction - The company plans to capitalize on a strong pricing environment in 2023 to generate significant free cash flow and pursue business expansion opportunities [30] - There is a focus on improving manufacturing capabilities and increasing production capacity through debottlenecking initiatives [32][39] - The company is advancing clean energy initiatives, including blue and green ammonia projects, which are expected to reduce carbon footprint and improve economics due to federal incentives [34][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong profitability and cash flow for Q4 2022 and into 2023, despite challenges from planned turnarounds [12][25] - The company anticipates that natural gas prices will trend back to previous levels, impacting the supply-demand balance for nitrogen products [22][23] Other Important Information - The Board increased the stock repurchase program by an additional $75 million, bringing the total authorization to $175 million [15] - Capital expenditures for 2022 are expected to be in the range of $60 million to $65 million, with potential increases for 2023 [99][100] Q&A Session Summary Question: What are the assumptions regarding inland pricing for the fourth quarter? - Management expects pricing to remain in line with current levels, with normalization anticipated over 2023 [43] Question: How will the company execute on the buyback increase? - The company has opportunities to purchase stock in the market and may negotiate with large shareholders for additional repurchases [45][46] Question: Is there potential for industrial nitrogen products to tighten under gas rationing? - Management indicated that if ammonia prices rise, other nitrogen prices would likely follow, benefiting the company [49] Question: Can you clarify the USDA initiative and funding qualifications? - The company intends to apply for the grant, which is available to producers not in the top four fertilizer producers in the U.S. [54][57] Question: How is the company responding to the Mississippi River issues? - The company does not rely heavily on the river for product movement, but is monitoring the railroad situation for potential impacts [62] Question: What portion of fourth quarter revenue will be at summer field pricing? - Management confirmed that none of the fourth quarter revenue will be at summer field pricing [74] Question: What is driving the relative strength of UAN compared to urea? - UAN pricing remains strong due to favorable market conditions, while urea pricing is experiencing volatility [76][78] Question: Can you provide an update on the blue ammonia project? - The Class 6 permit application is expected to be filed by early Q2 2023, with the project anticipated to be operational by 2025 [85]

| --- | --- | --- | --- | --- | |-----------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | LSB Industries | | | | | | Investor Presentation (NYSE: LXU) | | | | | | August 2022 | | | | | | | | | | | Legal Disclaimers Forward Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) (405) 235-4546 Not applicable (Former name, former address and former fiscal year, if changed si ...

LSB Industries, Inc. (NYSE:LXU) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Fred Buonocore - President of Investor Relations Mark Behrman - Chief Executive Officer Cheryl Maguire - Chief Financial Officer Conference Call Participants Rob McGuire - Granite Research Operator Good day, ladies and gentlemen, and welcome to your LSB Industries Second Quarter 2022 Earnings Call. All lines have been placed in a listen-only mode, and the floor will be opened for your questions an ...

| --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2022 Earnings | | | | | | July 28, 2022 Presentation | | | | | | | | | | | Forward-Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties ...