This Presentation has been prepared by Calumet, Inc. (the "Company," "Calumet," "we," "our" or like terms) as of February 27, 2026. The information in this Presentation includes certain "forward-looking statements." These statements can be identified by the use of forward-looking terminology including "may," "intend," "believe," "expect," "anticipate," "estimate," "forecast," "outlook," "continue" or other similar words. The statements discussed in this Presentation that are not purely historical data are f ...

oils12,92212,59112,01211,927Solvents7,0787,3977,6757,494Waxes1,4961,4521,4051,415Fuels, asphalt and other by- products45,93739,81239,53736,390Total Specialty Products and indebtedness;- the financial performance of our assets without regard to financing methods, capital structure or historical cost basis;We believe that these non-GAAP measures are useful to analysts and investors, as they exclude transactions not related to our core cash operating activities and provide metrics to analyze our ability to fun ...