Tronox Holdings Plc · NYSE:TROX

Tronox — J.P. Morgan 2023 Global High Yield & Leveraged Finance Conference

19 slides from Tronox's conference presentation, Mar 6, 2023

  1. Slide 1: Tronox Investor Presentation

    Tronox Investor Presentation March 2023 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2023 1

  2. Slide 2: Safe Harbor Statement and Non-U.S. GAAP Financial Terms

    Safe Harbor Statement and Non-U.S. GAAP Financial Terms Cautionary Statement about Forward-Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking

  3. Slide 3: Tronox Team

    Tronox Team • Timothy Carlson John Srivisal Jennifer Guenther Senior Vice President, Senior Vice President, Vice President, Chief Financial Officer Business Development and Finance Investor Relations Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2023 3

  4. Slide 4: Tronox: Clearly Differentiated

    Tronox: Clearly Differentiated 1 2 3 4 5 Executing as Demonstrating Strengthening Outperforming Investing for a World-class a Track Record Competitive and Enabling Profitable Operator of Execution Differentiators Success Growth Delivering strong, Significant Deepening vertical Unwavering in our Retu

  5. Slide 5: Tronox – A Diversified, Vertically Integrated Titanium Industry Leader

    Tronox – A Diversified, Vertically Integrated Titanium Industry Leader TROX $3.5B $875M 85% ~6,500 ~1,200 NYSE 2022 Revenue 2022 Adj. EBITDA Feedstock Integration1 Global Employees Customers • Vertically integrated mining and inorganic chemical Sales by Sales by TiO2 Sales Volume company Region2 Pro

  6. Slide 6: Transformation to a Larger, More Diversified, More Stable Company

    Transformation to a Larger, More Diversified, More Stable Company Pre Cristal Acquisition1 2022 ∆ Mines | Upgrading | Pigment Facilities 3|5|3 6|5|9 +3 | - | +6 Nameplate TiO2 Pigment Capacity 465K tons 1.1M tons +613K tons Chloride / Sulfate Technology 100% / 0% 87% / 13% +13% Sulfate Zircon Proces

  7. Slide 7: Our Strategy Differentiates Us

    Our Strategy Differentiates Us Advantaged global TiO2 leader Foundational Our Distinct Advantage Enabling 1 Competitive TiO2 2 3 4 Pigment Costs Feedstock Integration Leading Global Footprint TiO2 Technology Leader • Low-cost operator • Profit contribution from zircon • Effectively serve most attrac

  8. Slide 8: Significant Strides in Sustainability Performance

    Significant Strides in Sustainability Performance Accelerated Carbon Reduction Targets in 2022 Announced Significant Renewable Energy Revised 2025 goal to 35%1 (previously 15%) and Project in South Africa revised 2030 goal to 50%1 (previously 35%) 200MW solar project with SOLA Group expected to • Pa

  9. Slide 9: Liquidity, Capital Expenditures & Free Cash Flow

    Liquidity, Capital Expenditures & Free Cash Flow Delivered significant value to our stakeholders and continued to invest in our business • Reduced total debt to $2.5B in 2022 (versus $2.6bn • Invested $428M in the business in CapEx as of YE 2021) – ~$125M in maintenance & safety capital • 2.8x net l

  10. Slide 10: Taking Actions to Navigate the Current Landscape

    Taking Actions to Navigate the Current Landscape Reducing Costs Managing Working Lowering CapEx • Planning for a variety of Capital • Significantly reduced economic scenarios planned annual capital • Aligning production with spend to <$275M for 2023 • Executing our cost reduction customer demand to

  11. Slide 11: Key Messages

    Key Messages TiO2 Market Recovery Underway • TiO2 volumes troughed in Q4 2022 as anticipated – seeing a recovery in Q1 2023 • Despite significant volume declines, Tronox’s TiO2 pricing has remained stable • Zircon demand remains solid • Summary of Q4 events & impacts: • Fire at KZN, South Africa fac

  12. Slide 12: Key Priorities for 2023

    Key Priorities for 2023 Adapting to the market dynamics without losing sight of long-term initiatives 1 A relentless focus on sustainability and safety Continuing to align production with customer demand to ensure we are prepared 2 to meet orders as demand increases and aggressively reducing costs M

  13. Slide 13: Appendix

    Appendix © 2023 Tronox Holdings plc. | All rights reserved. | tronox.com 13

  14. Slide 14: Consolidated Statements of Income (U.S. GAAP)

    Consolidated Statements of Income (U.S. GAAP) TRONOX HOLDINGS PLC CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars, except share and per share data) Three Months Ended Decem ber 31, Year Ended Decem ber 31, 2022 2021 2022 2021 Net sales $ 649 $ 884 $ 3,454 $ 3,

  15. Slide 15: Reconciliation of Non-U.S. GAAP Financial Measures

    Reconciliation of Non-U.S. GAAP Financial Measures TRONOX HOLDINGS PLC RECONCILIATION OF NON-U.S. GAAP FINANCIAL MEASURES (UNAUDITED) (Millions of U.S. dollars, except share and per share data) RECONCILIATION OF NET (LOSS) INCOME ATTRIBUTABLE TO TRONOX HOLDINGS PLC (U.S. GAAP) TO ADJUSTED NET INCOME

  16. Slide 16: Consolidated Balance Sheets

    TRONOX HOLDINGS PLC Consolidated Balance Sheets CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Millions of U.S. dollars, except share and per share data) December 31, 2022 December 31, 2021 ASSETS Current Assets Cash and cash equivalents $ 164 $ 228 Restricted cash — 4 Accounts receivable (net of allowanc

  17. Slide 17: Consolidated Statements of Cash Flows

    TRONOX HOLDINGS PLC Consolidated Statements of Cash Flows CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Millions of U.S. dollars) Year Ended December 31, 2022 2021 Cash Flows from Operating Activities: Net income $ 500 $ 303 Adjustments to reconcile net income to net cash provided by operating

  18. Slide 18: Reconciliation of Net Income to EBITDA and Adjusted EBITDA (NON-U.S. GAAP)

    Reconciliation of Net Income to EBITDA and Adjusted EBITDA (NON-U.S. GAAP) TRONOX HOLDINGS PLC RECONCILIATION OF NET (LOSS) INCOME TO EBITDA AND ADJUSTED EBITDA (NON-U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars) Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 (a) Repr

  19. Slide 19: Free Cash Flow (NON-U.S. GAAP)

    Free Cash Flow (NON-U.S. GAAP) TRONOX HOLDINGS PLC FREE CASH FLOW (NON-U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars) The following table reconciles cash used in operating activities to free cash flow for the three months ended and year ended December 31, 2022: Year Ended Nine Months Ended Three

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