Cabot Half-Year Report 2023

Key Highlights

• Record Reinforcement Materials segment EBIT in the second fiscal quarter of $122 million, up 21% year-over-year

• Cash Flows from Operations of $162 million supported return of $37 million in the quarter to shareholders through dividends and share repurchases

• Increased quarterly dividend to $0.40 per share; up 8% over the prior dividend

• Battery Materials delivered year-over-year volume growth of 45%

• Launched EVOLVE™ Sustainable Solutions Technology Platform focused on advancing sustainable reinforcing carbons