Eastman Kodak Company · NYSE:KODK
Eastman Kodak — Q1 2025 Earnings Presentation
16 slides from Eastman Kodak's earnings presentation, May 8, 2025
Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call May 8, 2025
Slide 2: Cautionary Statement Regarding Forward-looking Statements
Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes “forward-looking statements” as that term is defined under the Pri
Slide 3: Cautionary Statement Regarding Forward-looking Statements (continued)
Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements (continued) including inflationary pressures, geopolitical issues such as the war in Ukraine
Slide 4: Agenda
Agenda Introduction Anthony Redding, Chief Compliance - Officer First line bullet point First line bullet point - Second line bullet point First line bullet point - CEO Third Perspective line Jim Continenza, Executive Chairman bullet point First line bullet point - Fourth line bullet point First
Slide 5: CEO Perspective
CEO Perspective • Continued to execute our long-term plan despite global economic uncertainty; committed to being a primarily U.S. based manufacturer, investing in innovation, increasing operational efficiencies, shedding unprofitable businesses, focusing on growth businesses and gross profit. • Kod
Slide 6: CEO Perspective
CEO Perspective • Print Division: • KODAK PROSPER ULTRA 520 Digital Press going from controlled introduction to controlled production and completed the sale of several presses which are currently being installed at customers sites. • Continued demand for U.S. made lithographic printing plates. • Com
Slide 7: First Quarter 2025 Results
First Quarter 2025 Results (Decline) (Decline) Improvement Improvement ($ millions) Q1 2025 Q1 2024 $ % Consolidated Revenue $247 $249 ($2) -1% Impact of Foreign Exchange 2 $3 Adjusted Consolidated Revenue $250 $249 $1 0% Gross Profit $46 $49 ($3) -6% 2 Impact of Foreign Exchange $1 Adjusted Gross P
Slide 8: First Quarter 2025 Cash Flow
First Quarter 2025 Cash Flow Three Months Ended March 31, ($ Millions) 2025 2024 $ Change Primary Drivers of Cash: Cash Flow from Operations: Net (loss) earnings $ (7) $ 32 $ (39) Depreciation and amortization 7 7 - Pension and other postretirement income (18) (36) 18 $3M Year-Over- $14M Use Year De
Slide 9: Non-GAAP Measures
Non-GAAP Measures In this earnings presentation, reference is made to the following non-GAAP financial measures: • Revenues, gross profit and Operational EBITDA on a constant currency basis. • Net (Loss) Income excluding non-cash changes in workers compensation and employee benefit reserves and net
Slide 10: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net (Loss) Income to Adjusted Net (Loss) Income for the three months ended March 31, 2025 and 2024, respectively: (in millions) Q1 2025 Q1 2024 $ Change % Change Net (Loss) Income $ (7) $ 32 $ (39) -122% No
Slide 11: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net (Loss) Income to Operational EBITDA, Operational EBITDA on a constant currency basis and Adjusted Operational EBITDA for the three months ended March 31, 2025 and 2024, respectively: (in millions) Q1 20
Slide 12: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net (decrease) increase in cash, cash equivalents and restricted cash to Adjusted net (decrease) increase in cash and cash equivalents for the three months ended March 31, 2025 and 2024, respectively Three
Slide 13: Non-GAAP Measures
Non-GAAP Measures Footnote Explanations: (1) Consists of third-party costs such as security, maintenance and utilities required to maintain land and buildings in certain locations not used in any Kodak operations and the costs, net of any rental income received, of underutilized portions of certain
Slide 14: Appendix
APPENDIX 14
Slide 15: First Quarter 2025 Financial Summary by Reportable Segment
First Quarter 2025 Financial Summary by Reportable Segment ($ millions) Advanced Q1 2025 Actuals Print Materials & Brand Total Chemicals Revenue $ 165 $ 74 $ 4 $ 243 Operational EBITDA (1) $ (9) $ 7 $ 4 $ 2 Advanced Q1 2024 Actuals Print Materials & Brand Total Chemicals Revenue $ 182 $ 59 $ 4 $ 245
Slide 16: Thank You
i < Thank You
Eastman Kodak Company — Q1 2025 Earnings Presentation on 6ix