Pyxus International, Inc. · OTC:PYYX
Pyxus International — Pyxus Intl Inc New — Q1 2026 Earnings Presentation
18 slides from Pyxus International's earnings presentation, Aug 6, 2025
Slide 1: First Quarter Results Fiscal Year 2026
First Quarter Results Fiscal Year 2026 August 6, 2025
Slide 2: Our Presenters
Our Presenters Pieter Sikkel Dustin Styons President and Executive Vice President and Chief Executive Officer Chief Financial Officer 2
Slide 3: Forward-looking Statements and Other Matters
Forward-looking Statements and Other Matters Cautionary Statement Regarding Forward-Looking Statements. This presentation includes statements regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are "forward-looking st
Slide 4: Solid Start to Fiscal Year with In-Line First Quarter Performance
Solid Start to Fiscal Year with In-Line First Quarter Performance Return to a more normalized cycle • First-half focus on crop purchasing with customer shipments weighted more heavily to second half • Better aligned with customer requirements and drives further efficiencies Well positioned to achiev
Slide 5: Recognized for consistent achievement of environmental objectives
Recognized for consistent achievement of environmental objectives These efforts are only achievable with the participation of a strong network of farmers around the world 5 5
Slide 6: FY26 Q1 Financial Highlights
FY26 Q1 Financial Highlights Average Sales Price & Gross Profit per Kilo • As previously disclosed, Q1 revenues reflect our acceleration of significant shipments into FY25 Q4 $8.00 $7.00 $0.86 • Gross profit also reflects a shift in the mix of regions and $6.00 $0.84 $5.00 customers, offset by incre
Slide 7: Guidance Reiterated for Full Fiscal Year 2026
Guidance Reiterated for Full Fiscal Year 2026 Full-year revenues expected in a range between $2.3 billion and $2.5 billion Full-year adj. EBITDA expected in a range between $205 million and $235 million • Continued confidence in guidance following in-line first quarter • Inventory replenishment posi
Slide 8: Questions & Answers
Questions & Answers Pieter Sikkel Dustin Styons President Executive Vice President and and Chief Executive Officer Chief Financial Officer 8
Slide 9: Appendix
APPENDIX
Slide 10: Selected First Quarter Income Statement Data
Selected First Quarter Income Statement Data Three Months Ended June 30, Change (in millions) 2025 2024 $ % Sales and other operating revenues $ 508.8 $ 634.9 (126.1) (19.9) Cost of goods and services sold 443.2 551.0 (107.8) (19.6) Gross profit 65.6 83.9 (18.3) (21.8) Selling, general, and administ
Slide 11: Selected Balance Sheet Data
Selected Balance Sheet Data Change (in millions) June 30, 2025 June 30, 2024 $ % Assets Current assets Cash and cash equivalents $ 96.4 $ 82.0 14.4 17.6 % Restricted cash 4.9 7.1 (2.2) (31.0) % Trade receivables, net 206.6 209.1 (2.5) (1.2) % Other receivables 16.7 17.0 (0.3) (1.8) % Inventories, ne
Slide 12: Appendix – Q1 Adjusted EBITDA
Appendix – Q1 Adjusted EBITDA Three Months Ended (in thousands) June 30, 2025 June 30, 2024 June 30, 2023 Net (loss) income attributable to Pyxus International, Inc. $ (15,825) $ 4,642 $ 804 Plus: Interest expense 30,623 34,475 32,366 Plus: Income tax expense 5,227 6,119 2,646 Plus: Depreciation and
Slide 13: Appendix – Q1 Adjusted EBITDA Footnotes
Appendix – Q1 Adjusted EBITDA Footnotes (1) Earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), Adjusted Free Cash Flow, and Net Debt are not measures of results of operations, cash fl
Slide 14: Appendix – Q4 Adjusted EBITDA
Appendix – Q4 Adjusted EBITDA Fiscal Year Ended (in thousands) March 31, 2025 March 31, 2024 Net income attributable to Pyxus International, Inc. $ 15,166 $ 2,663 Plus: Interest expense 133,108 132,174 Plus: Income tax expense 25,053 27,281 Plus: Depreciation and amortization expense 20,334 19,250 E
Slide 15: Appendix – Q4 Adjusted EBITDA Footnotes
Appendix – Q4 Adjusted EBITDA Footnotes (1) Earnings before interest, taxes, depreciation and amortization ("EBITDA"), and adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") are not measures of results of operations under generally accepted accounting princip
Slide 16: Appendix - Net Debt to Adjusted EBITDA & Interest Coverage
Appendix - Net Debt to Adjusted EBITDA & Interest Coverage Last Twelve Months (2) (in thousands) June 30, 2025 June 30, 2024 Total debt $ 1,336,016 $ 1,231,305 Less: Cash and cash equivalents 96,437 82,042 Net Debt (1) $ 1,239,579 $ 1,149,263 Net Debt /Adjusted EBITDA (1) 6.78x 5.60x Adjusted EBITDA
Slide 17: Appendix – Adjusted Free Cash Flow
Appendix – Adjusted Free Cash Flow Three Months Ended (in thousands) June 30, 2025 June 30, 2024 June 30, 2023 Net cash used in operating activities $ (495,287) $ (252,176) $ (285,674) Capital expenditures (4,279) (5,097) (3,661) Collections from beneficial interests in securitized trade receivables
Slide 18: Slide 18