Schweitzer Mauduit International : Company Overview Presentation

Investor

Presentation

Company Overview

May 2021

©©20212021SchweitzerSchweitzer--MauduitMauduitInternational,International,IncInc..

Forward Looking Statements, Non-GAAP Disclosure, & Definitions

This presentation may contain "forward-lookingstatements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws that are subject to the safe harbor created by such laws and other legal protections. Caution should be taken not to place undue reliance on any such forward-looking statements because actual results may differ materially from the results suggested by these statements. These forward-looking statements are made only as of the date of this presentation. We undertake no obligation, except as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part I, "Item 1A. Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2020 and those described from time to time in our periodic and other reports filed with the Securities and Exchange Commission

Certain financial measures and comments contained in this presentation are "non-GAAP" financial measures,

specifically measures which exclude one or more of the following: restructuring and impairment expenses, depreciation and amortization, interest expense, tax provision (benefit), capital spending, capitalized software expenditures, purchase accounting adjustments, and tax valuation adjustments. We believe that investors' understanding is enhanced by disclosing these non-GAAP financial measures as a reasonable basis for comparison of our ongoing results of operations. All non-GAAP (Adjusted) figures are reconciled to closest GAAP measure in the appendix. All financial metrics are presented on a continuing operations basis unless noted otherwise; all per share metrics are on a diluted basis

The following terms/abbreviations are used throughout the presentation and are defined as follows:

EP - Engineered Papers segment, AMS - Advanced Materials & Structures segment, OCF - operating cash flow, FCF - free cash flow, OP - operating profit, EBITDA - earnings before interest taxes depreciation and amortization, LIP - low ignition propensity, RTL - reconstituted tobacco leaf, W&B - wrapper and binder, RO - reverse osmosis, TPU - thermoplastic polyurethane, Tekra - the acquired Tekra and Trient businesses

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© 2021 Schweitzer-Mauduit International, Inc.

AGENDA

Company Overview

Advanced Materials &

Structures (AMS)

Engineered Papers (EP)

Financial Overview

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© 2021 Schweitzer-Mauduit International, Inc.

A

Performance

Materials &

Solutions

Company

Essential Performance Materials

For Specialty Applications

©©20212021SchweitzerSchweitzer--MauduitMauduitInternational,International,IncInc..

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Our Products Are Everywhere

Construction materials	Specialty	Finger bandages
Heavy Erosion control	tapes Agriculture
equipment Highway		Undersea cables purification
							Liquid
	construction Hospital	Carpet Face
Water filtration	products	backing shields
Shipping Pressure Sensitives	Switchable glass
Turf backing
materials Paint protection films	Medical
Wipes &Topicalscreams Dental films	Digital printing	devices
Semiconductor manufacturing	Medical packaging
Specialty	Facemasks Foodservice papers protectionPipeline
apparel		Wind turbine Hemp
Beverage Batteries
	Fuel filters blades	Diagnostic
Woundcare Air filtration	strip tests
processing
Home & bedding		Bulletproof glass
Tobacco products
			Green
Greaseproof	Absorbent		Reduced risk	Energy
papers/bags	materials smoking products
Health & wellness furnitureFlooring and

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© 2021 Schweitzer-Mauduit International, Inc.