Perimeter Solutions Inc To Acquire Medical Manufacturing Technologies LLC Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Christopher Perrella - UBS AG - Analyst : It's Chris Perrella on for Josh. A couple of questions on the deal. As I think about both parts of MMT, the equipment and the aftermarket, is there an appreciable difference in the growth outlook for that and also the margin profile? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 11, 2025 / 1:30PM, PRM.N - Perimeter Solutions Inc To Acquire Medical Manufacturing Technologies LLC

Question: Christopher Perrella - UBS AG - Analyst : Okay. And then a question on the capital intensity of the business. I know you guys are relatively capital light. Does this transaction fit into that? Or is there some spend that needs to happen on the MMT side once you get it within the portfolio?

Question: Christopher Perrella - UBS AG - Analyst : All right. And then one final question just on the FDA specifications. Is all the material, including the aftermarket, spec-ed in? And then -- and how big of a moat does that drive around the business? And also, is there any cross-selling opportunity with the printed circuit board business you guys had acquired earlier or building up?

Question: Christopher Perrella - UBS AG - Analyst : All right. Thank you. I appreciate the time this morning.

Question: Daniel Kutz - Morgan Stanley - Analyst : Congratulations on the deal. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 11, 2025 / 1:30PM, PRM.N - Perimeter Solutions Inc To Acquire Medical Manufacturing Technologies LLC

Question: Daniel Kutz - Morgan Stanley - Analyst : So just kind of looking at the slide with the installed base, it looks like a pretty kind of steady growth market. But I'm just wondering if there's any kind of OEM cyclicality where maybe the customers are building and then kind of the market's absorbing that capacity or their customers are absorbing that capacity. It was really -- if we're thinking about the growth driver of the installed base, will that pretty closely track, I guess, like the number of procedures that are happening? Yeah, just wondering if you can help us a little bit more to think about some of the macro drivers for the longer-term growth outlook. Thanks.

Question: Daniel Kutz - Morgan Stanley - Analyst : Awesome. And then it's kind of my understanding that the components and the equipment that you're selling to your customers, that MMT covers a lot of what's needed for the customers to ultimately manufacture their products. But it's also my understanding that maybe it's not the fully comprehensive suite of everything they would need. So I guess the question is around any appetite to potentially look for opportunities to acquire some of the parts or components or machinery that could broaden the suite of products that MMT offers? I think I've seen that there is another competitor that they'd acquired somewhat recently. So yes, it's really a question around, similar to the IMS business, any appetite to potentially broaden the product suite at MMT and kind of drive towards a more full suite portfolio offering? Thanks.

Question: Daniel Kutz - Morgan Stanley - Analyst : Awesome. And then maybe just one last quick one on kind of the transaction economics. Anything you'd share around the calculus around the cash versus debt mix? I know you guys have a lot of -- you have a heavy cash balance on the balance sheet, but it's also a big component of the deal. So yeah, just anything you'd share around the cash versus debt mix? And then also the company was arguably pretty underlevered before. Leverage looks a little bit healthier now. How do you think about where the capital structure and where the balance sheet is as it pertains to incremental M&A? Sorry to ask about the next -- the potential for the next deal of the day you just announced the big deal. But yeah, just any thoughts you can share there? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 11, 2025 / 1:30PM, PRM.N - Perimeter Solutions Inc To Acquire Medical Manufacturing Technologies LLC

Question: Daniel Kutz - Morgan Stanley - Analyst : Awesome. All really helpful. Thanks a lot. I'll turn it back.

Question: Christopher Perrella - UBS AG - Analyst : It's Chris again. Just a quick one. With the number of tuck-ins MMT has done, how tightly integrated from your perspective is that? And is there plenty of wood to chop there in terms of fully integrating those tuck-ins?

Question: Christopher Perrella - UBS AG - Analyst : Okay. Wonderful. Thank you.