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14 1Q 2016 Highlights Total volume (kmt) Adjusted EBITDA (EUR/Millions) Adjusted EPS (EUR) 1Q16 1Q15 Y-o-Y Comparison % % % Strong volume gains from both Specialty and Rubber Black Businesses Organic volume growth (excluding acquisition) a solid 4.9 % Strong Adjusted EBITDA performance Voluntary debt repayment of EUR 20 million Adjusted EPS decline reflects expected increase in depreciation expense (1) Non-IFRS measures. See Appendix for reconciliation to the most directly comparable IFRS measures

15 1Q 2016 Highlights Specialty Business Continues to Demonstrate the Successful Move to High Value (1) Products Volume Mix Adjusted EBITDA Volume By Location Specialty Carbon Black 21.3% 1Q16 Rubber Carbon Black (1) 78.7% Specialty Carbon Black 34.5M 1Q16 Rubber Carbon Black 19.5M 100% 80% 1Q16 Other 1% Africa 4% China 5% Brazil 8% Korea 18% Specialty Carbon Black 20.2% 1Q15 Rubber Carbon Black (1) 79.8% Specialty Carbon Black 28.6M 1Q15 Rubber Carbon Black 25.3M 60% 40% 20% 0% NAFTA 29% Europe 35% 1Q15 100% 80% Other 1% Africa 5% Brazil 7% Korea 18% 60% 40% NAFTA 32% 20% Europe 37% 0% (1) 30.8% of 1Q16 Rubber Carbon Black volume, including OECQ, is higher value technical grade products versus 27.8% for 1Q15.

16 Specialty Carbon Black Business Continued Volume and Profit Growth Due to Increased Sales Penetration, Price Management and Successful Product Development 1Q16 1Q15 Y-o-Y Comparison Volume (kmt) % Revenue (EUR/Millions) % (1) Gross Profit (EUR/Millions) % Gross Profit/ton (EUR) % Adjusted EBITDA (EUR/Millions) (1) % Adjusted EBITDA/ton (EUR) % Adjusted EBITDA Margin 35.5% 29.1% +640bps Above market growth in all regions Strong auto build globally and polymer market strength in Europe and Asia Good demand across all regions; Asia stronger than economic statistics indicate Volume expansion as result of increased sales and technical presence in Asia and South America New products and product extensions growing rapidly, especially in Asia Gross profit improved with the ability to manage price in the face of lower feedstock costs Adjusted EBITDA per ton improvement reflects operating leverage Variable manufacturing costs are assigned to products based on actual cost of consumption. Fixed manufacturing costs are assigned to products based on production line time. SG&A costs are assigned to products based on designated personnel costs or consistently allocated based on the drivers of these costs

17 Rubber Carbon Black Business Strong Volume Growth but Weaker Gross Profits Due to Impact of Raw Materials 1Q16 1Q15 Y-o-Y Comparison Volume (kmt) % Revenue (EUR/Millions) % (1) Gross Profit (EUR/Millions) % Gross Profit/ton (EUR) % Adjusted EBITDA (EUR/Millions) (1) % Adjusted EBITDA/ton (EUR) % Adjusted EBITDA Margin 13.1% 13.2% -10bps Growth in all regions at or above market demand, before impact of newly acquired facility in Qingdao, China (OECQ) Volume increase reflects good demand in Europe and Korea Volume gain of 2.2% before impact of 12.6 kmt contribution from OECQ Gross profit decreased due to negative feedstock cost developments, increased depreciation and to a lesser extent unfavorable foreign exchange translation Adjusted EBITDA decrease reflects decline in gross profit Variable manufacturing costs are assigned to products based on actual cost of consumption. Fixed manufacturing costs are assigned to products based on production line time. SG&A costs are assigned to products based on designated personnel costs or consistently allocated based on the drivers of these costs

18 1Q 2016 Consolidated Operating Results (1) High Margin Specialty and Technical Rubber Grades (e.g. MRG) Offset Commodity Grades M Contribution Margin Variance (3.0) Not to scale Q16 1Q15 Y-o-Y Comparison Volume (kmt) % Revenue (EUR/Millions) % Contribution Margin (EUR/Millions) % M 1Q15 Volume Differential FX Other 1Q16 Adjusted EBITDA Variance Not to scale Contribution Margin/ton (EUR) % 4.4 (2.0) 1.3 (3.6) Operating Result (EBIT) (EUR/Millions) % Adjusted EBITDA (EUR/Millions) % Adjusted EBITDA Margin 21.9% 18.6% +330bps Profit or Loss for the Period (Net Income) (EUR/Millions) % EPS (EUR) % Adjusted EPS (EUR) % (1) See Appendix for reconciliation to the most directly comparable IFRS measures (2) Additional Fixed Costs (3) Primarily non-recurring items 1Q15 Contribution Asia & FX on Other 1Q16 Margin OECQ Fixed Costs M Net Income Not to scale Q15 Adj EBITDA 5.0 Finance Costs Depreciation (3.6) Other (3) Q16

19 2016 Cash Flow and Balance Sheet Highlights Continued Strong Cash Flow due to Capex Discipline and Balance Sheet Strengthening 2016 YTD Cash Flow Generation Balance Sheet Highlights M Cash Flow Generation Prior to Voluntary Actions: 15.1M Voluntary Debt Payment & Share Buyback M In EUR/Millions As of March 31, 2016 Cash & Cash Equivalents 57.0 Net Working Capital Non-Current Debt Total Liability and Equity Net Debt Net Debt/LTM Adjusted EBITDA 2.78x Net Working Capital (in days) Net Working Capital 720 Non-Current Debt Underlying Debt FX Impact Cash at Cash Flow 12/31/15 from Operations Capex (1) Interest Dividends Other Cash Prior To Voluntary Actions Voluntary Debt Payments Share (3) Buyback Cash at 3/31/ (1) Includes EUR16.9 million change in working capital (2) Interest payments (3) Repurchased 312,912 Shares (4) Net working capital = Inventories + Trade Receivables Trade Payables

20 2016 GDP Growth Expectations Specialty Black Demand Historically Exceeds GDP Source: IMF World Economic Outlook database April 2016

21 Auto Build 2016 Outlook Generally Slower Growth in Auto Build Expected with Continued Decline in South America Source: ScotiaBank Global Auto Report April 2016

22 2016 Guidance and Cash Analysis Continued Strong Cash Conversion Expected Due To Limited Maintenance Capex Needs and Reduced Interest Payments Adjusted EBITDA: EUR 205 to 225 million Forecast assumptions: 2016 Guidance Volume growth in line with current GDP expectations Oil prices and foreign exchange rates at Q levels Other guidance metrics for FY 2016: Capital Expenditures: EUR 60 million Depreciation: EUR 60 million Amortization: EUR 20 million Tax rate: 35% Assumed Shares outstanding: 59.3 million Base Business Annual Cash Requirements (EUR/Millions) Maintenance Capex 30 Mandatory Debt Service 6 Interest Payments 34 Cash Tax Payments * 25 Change in NWC ** 0 Total Cash Requirements 95* *Assumes mid-range 2016 Adjusted EBITDA guidance ** A $10 (decrease/increase) in Brent crude will likely (lower/raise) total cash requirements by causing NWC to (contract/expand) by roughly 19m - 20m over approximately a 3 month period Key Takeaways Excess cash flow will be available to support: Regular dividend Optimization capex Voluntary debt repayment Note: Stock repurchase program was announced in December 2015

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26 (2) 2014 included one-time costs associated with the refinancing of the debt structure associated with the IPO

27 Net Working Capital Total Debt Underlying Debt FX Impact

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32 Historical Non-IFRS Metrics Reconciliation Historical Non-IFRS Metrics Reconciliation ( million unless otherwise stated) Three Months Ended March 31, Revenue Variable costs (1) Contribution Margin Sales volume (in kmt) Contribution Margin per Metric Ton Profit or loss for the period Income taxes 7 9 Profit or loss before income taxes Finance costs, net (2) 14 9 Operating result (EBIT) Depreciation and amortization EBITDA Other non-operating (3) 1 4 Adjusted EBITDA Thereof Adjusted EBITDA Specialty Carbon Black Thereof Adjusted EBITDA Rubber Carbon Black Includes costs such as raw materials, packaging, utilities and distribution 2 Finance costs, net consists of Finance income and Finance costs 3 Other non-operating expenses in 2015 and 2016 primarily relates to costs in association with our EPA enforcement action.

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