Chemours Company (the) · NYSE:CC
Chemours Company (the) — Investor Presentation (August 2024)
28 slides from Chemours Company (the)'s investor presentation, Aug 14, 2024
Slide 1: The Chemours Company Investor Presentation August 2024
The Chemours Company Investor Presentation August 2024
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current exp
Slide 3: Our Values
Our Values SAFETY We are committed to protecting people and the environment. INTEGRITY We do what's right. Your Voice. Cheméé&s Values. PARTNERSHIP creme We win through collaboration with the right internal and external partners. RESPECT We treat people well, include others, and value diverse perspe
Slide 4: Our Executive Team
Our Executive Team Public Denise Dignam President and CEO Matthew Abbott SVP, Chief Enterprise Transformation Officer Gerardo Familiar President, Advanced Performance Materials Joe Martinko President, Thermal & Specialized Solutions Alvenia Scarborough SVP, Corporate Communications and Chief Brand O
Slide 5: 2023 Sustainability Report Highlights
2023 Sustainability Report Highlights 48% of revenue from products that contribute to the UN SDGs Reduced operational GHG emissions 52%*—on track for a 60% reduction by 2030 Reduced total process FOC emissions 59%*—on our way to a 99% or more reduction by 2030 Investing in the new Center for Clean H
Slide 6: Chemours Businesses
ADVANCED PERFORMANCE MATERIALS THERMAL & SPECIALIZED SOLUTIONS TITANIUM TECHNOLOGIES ` Chemours Businesses
Slide 7: Industry Leading Businesses Collectively Driving Shareholder Returns
Geographical Breakdown2 Industry Leading Businesses Collectively Driving Shareholder Returns Data Source: Company SEC filings Includes $236 corporate and other expenses. Also includes Other Segment Net Sales of $56 and Adjusted EBITDA of $7. Data reflects Net Sales for the trailing twelve months end
Slide 8: Our Business: Thermal & Specialized Solutions (TSS)
Our Business Chemours’ Thermal & Specialized Solutions business delivers thermal management solutions with superior performance, quality, and safety, while meeting performance and regulatory requirements. THERMAL & SPECIALIZED SOLUTIONS (TSS)
Slide 9: Thermal & Specialized Solutions: global leading provider of refrigerants and thermal management
Global leading provider of refrigerants, thermal management solutions, propellants, foam blowing agents, and specialty solvents Category leader in next-gen low global warming potential (“GWP”) refrigerant technology, Opteon™ Market-leading cost-advantaged process technology at Corpus Christi, TX fac
Slide 10: Favorable Regulatory Trends Accelerating Opteon Adoption
Favorable Regulatory Trends Accelerating Opteon™ Adoption Source: Internal Estimates Footnote: US ~ 304 MMT CO2eq EU ~ 182 MMT CO2eq *EU Stepdown figures derived from F-Gas Revision 2Chart compares the percentage of low GWP products in our refrigerants volume for EMEA and the US over the trailing 12
Slide 11: Strong Opteon adoption across mature Auto OEM markets, expanding into aftermarket
Strong Opteon™ adoption across mature Auto OEM target markets now expanding into in the automotive aftermarket Opteon™ XL-41 Growth: Seeing continued expansion in stationary applications EPA Technology Transitions final interim ruling (Dec. 2023): Legacy HFC equipment sell through delay one year, to
Slide 12: Innovation Through Two-Phased Immersion Cooling with Opteon
Key Advantages Solution for future higher capacity computing energy and performance demands Low water usage Low GWP Low asset footprint Low energy usage Low maintenance Source: Internal Estimates, ING THINK Innovation Through Two-Phased Immersion Cooling with Opteon™ The Technology Over 95% of data
Slide 13: Our Business: Titanium Technologies (TT)
Our Business TITANIUM TECHNOLOGIES (TT) Chemours Titanium Technologies is the world's trusted TiO2 partner. By combining quality product, reliable supply, and expert service, we drive long-term value for customers around the globe in coatings, plastics, and laminates applications. With foresight tha
Slide 14: A global leader in TiO2 production
A global leader2 in TiO2 production 3 TiO2 plants, 6 production lines Mineral sands mine in Florida and Georgia Global sales, marketing and technical teams Strong brand reputation Ti-Pure™ sold to approximately 500 customers globally Reliable supply, exceptional quality Industry-leading manufacturin
Slide 15: Our Business: Advanced Performance Materials (APM)
Our Business ADVANCED PERFORMANCE MATERIALS (APM) Chemours’ Advanced Performance Materials business provides a broad portfolio of high-performance materials used in a wide variety of applications and industries. These materials enable products that people interact with every day and are the cornerst
Slide 16: Driving Growth Through Innovation
Driving Growth Through Innovation EV Batteries Semicon Hydrogen Enabling innovation and portfolio transformation towards high-value end markets, primarily in clean energy & advanced electronics Expect growth as a multiple of GDP with secular trends driving investment Differentiated offerings with ex
Slide 17: Advanced Performance Materials at a Glance
Leader Across a diverse range of high-end materials 1100+ Customers & distributors; no customer representing >10% of sales3 High Earnings upside through continued specialty application developments $1.3B Sales1 $183M Adjusted EBITDA2 1 Data reflects Net Sales for the trailing twelve months ended Jun
Slide 18: Illustrative APM Applications in Clean Energy
Nafion™ membranes used for PEM fuel cells Teflon™ used as a binder for dry process in EV batteries Viton™ / Teflon™ gaskets and seals to prevent leaks and environmental releases to reduce CO2 emissions New JV: THE MOBILITY F.C. Membranes Company, established to expand into Hydrogen mobility technolo
Slide 19: Empowering Semiconductor Manufacturing
Empowering Semiconductor Manufacturing The Essential Chemistry Behind the Innovation Fluid Handling for Semicon Infrastructure Vital Chemistry PFA is a critical material used for chemical distribution systems within semiconductor manufacturing fabs Key Contributor to the U.S. Economy Chemours is the
Slide 20: Enabling Innovation in Lithium-ion Batteries
Enabling Innovation in Lithium-ion Batteries The Essential Chemistry Behind the Innovation Supporting Global Electrification Accelerated EV adoption is bolstered by government incentives, investment in EV infrastructure, and strong public support for renewable energy and fossil fuel phase-out. Boost
Slide 21: Investing in Innovation & Capacity
Investing in Innovation & Capacity Planned $200M investment for capacity expansion to enable the growth of our customers and partners Advancing innovation for Nafion™ platform for clean energy and e-mobility transitions Positioned to Lead Nafion™ is at the center of the Hydrogen Economy and created
Slide 22: Chemours
» Chemours”
Slide 23: 2024 Disruption and Investment Costs
2024 Disruption and Investment Costs Cost Type & Description 1,2 1H 2024 2H 2024 Titanium Technologies Impacts from Q2 Altamira unplanned shut down $8 $15 - $20 Thermal and Specialized Solutions SG&A and R&D Investments to Support Innovation (2P50 & NGR): ~$15-20 $5 $10 - $15 Corporate Expense Costs
Slide 24: TSS Segment Net Sales and Adjusted EBITDA
TSS Segment Net Sales and Adjusted EBITDA (Unaudited) Net Sales Adj. EBITDA OpteonTM Refrigerants 38% OpteonTM Refrigerants 44% FreonTM Refrigerants 34% FP&O 19% FreonTM Refrigerants 43% FP&O 22% ($ in millions) % reflects Adjusted EBITDA Margin ($ in millions) % of total Net Sales Price Declines: L
Slide 25: Segment Net Sales
Segment Net Sales (Unaudited) 2022 2023 202 Net sales by product group and segment Titanium dioxide and other minerals $928 $968 $877 $606 $632 $707 $690 $651 $588 $673 Total Titanium Technologies 928 968 877 606 632 707 690 651 588 673 OpteonTM refrigerants 143 182 150 122 195 200 170 145 200 227 F
Slide 26: Segment Net Sales and Adjusted EBITDA
Segment Net Sales and Adjusted EBITDA (Unaudited) $2,602 $2,822 1,772 1,746 1,306 1,607 56 119 $5,736 $6,294 $283 $336 $598 $615 $183 $338 $7 $19 11% 12% 34% 35% 14% 21% 13% 16%
Slide 27: GAAP Income Before Income Taxes to Adjusted EBITDA Reconciliation
GAAP Income Before Income Taxes to Adjusted EBITDA Reconciliation (unaudited) $91 $(30) 247 172 295 303 (3) (2) 32 25 145 14 1 (7) (113) 5 16 — (37) (63) 104 660 8 34 $786 $1,111
Slide 28: Thank you!
Thank you!