Venator Materials PLC · OTC:VNTRF
Venator Materials — Jefferies Industrials Conference 2022
13 slides from Venator Materials's conference presentation, Aug 9, 2022
Slide 1: Jefferies Industrials Conference
Jefferies Industrials Conference August 9, 2022
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters This presentation includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements include statemen
Slide 3: Venator Snapshot
Venator Snapshot Leading global chemical company ($ in millions) 2Q22 LTM Revenue $2,393 Adj. EBITDA $206 % margin 9% Titanium Dioxide Performance Additives Segment 2Q22 LTM 2Q22 LTM Revenue $1,832 Revenue $561 Adj. EBITDA (1) $187 Adj. EBITDA (1) $62 % margin 10% % margin 11% Fibers & Agriculture &
Slide 4: Titanium Dioxide
Titanium Dioxide Underlying TiO2 fundamentals remain broadly positive End Markets Quarterly Adjusted EBITDA History(1) 2Q22 LTM 2021 Revenues Source: Management Estimates $ in millions 32% 31%31% 29% Fibres & films Agriculture & Water Other 1% 18 23 Segment 6% 1% Personal Care, Food, Pharmaceuticals
Slide 5: Performance Additives
Performance Additives(1) Improving earnings profile End Markets(1) Quarterly Adjusted EBITDA History(1)(2) 2Q22 LTM(1) 2021 Revenues Source: Management Estimates $ in millions Personal Care, Fibres & Other Food, films 3% Architectural 17% 17% Pharmaceuticals & Active Materials 4% coatings 14% 14% 14
Slide 6: Performance Additives Product overview
Performance Additives(1) Product overview Average EBITDA(1)(2)(3) % split Product Characteristics & Uses Competition Benefit Iron Oxides Highly durable red, yellow, black and tan pigments Colorants for paint, plastics and concrete High cash conversion margins Ultramarines Unique blue-shade p
Slide 7: Focused on Maximizing Shareholder Value
Focused on Maximizing Shareholder Value Maximize Shareholder Value Focus on Customer- Enhance Improve Environmental specialty & tailored competitive free cash flow Social differentiated approach position generation Governance products Optimizing Growth in higher Driving Reducing cash Stren
Slide 8: Appendix
VENATOF Appendix
Slide 9: Pro Forma Adj. EBITDA Reconciliation
Pro Forma Adj. EBITDA Reconciliation $ in millions 2017 2018 2019 2020 2021 2Q22 2Q22 LTM Net (Loss) / Income $ 144 $ (157) $ (170) $ (105) $ (74) $ 95 $ 61 Net income attributable to noncontrolling interests (10) (6) (5) (7) (3) (2) (4) Net income of discontinued operations (8) – – – – – – Interest
Slide 10: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 10
Slide 11: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 11
Slide 12: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 12
Slide 13: Footnotes
Footnotes (1) Our management uses adjusted EBITDA to assess financial performance. Adjusted EBITDA is defined as net income/loss before interest income/expense, net, income tax expense/benefit, depreciation and amortization, and net income attributable to noncontrolling interests, as well as elimina
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