Tronox Holdings Plc · NYSE:TROX

Tronox — Q2 2021 Earnings Presentation

17 slides from Tronox's earnings presentation, Jul 29, 2021

  1. Slide 1: Second Quarter 2021 Conference Call

    Second Quarter 2021 Conference Call Tronox Holdings plc July 29, 2021 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2021 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: Second Quarter 2021 Highlights

    Second Quarter 2021 Highlights Another Record Quarter Despite Supply Chain Challenges Summary Financials Q2 ’21 Q2 ’20 YoY % ∆ Q1 ’21 QoQ % ∆ • Another record revenue quarter of $927 million, driven by improved volumes and selling prices across all Revenue $ 927 $ 578 60% $ 891 4% products compared

  4. Slide 4: Commercial Performance

    Commercial Performance USD millions 2Q21 2Q20 YoY % ∆ 1Q21 QoQ % ∆ YoY % ∆ QoQ % ∆ Revenue $ 927 $ 578 60% $ 891 4% Volume Price Volume Price TiO2 740 466 59% 696 6% TiO2 45% 9% 1% 5% Zircon 121 68 78% 123 (2)% Local Currency n/a 6% n/a 5% Other Products 66 44 50% 72 (8)% Zircon 78% 1% (5)% 5% • Rev

  5. Slide 5: Operational Performance

    Operational Performance USD millions 2Q21 2Q20 YoY % ∆ 1Q21 QoQ % ∆ Adjusted EBITDA $ 237 $ 142 67% $ 225 5% Adjusted EBITDA margin 26% 25% 1 pt 25% 1 pt • Increased sales volumes and pricing across all products and improved production costs drove improved YoY Adjusted EBITDA, partially offset by un

  6. Slide 6: newTRON Overview

    newTRON Overview WHAT IS newTRON? “Unleashing the power of our combined businesses and digital technology to deliver safe, quality, low-cost, sustainable tons with an enhanced customer experience and inspire our people to unlock shareholder value” WHY ARE WE DOING newTRON? Protect Margin Improve thr

  7. Slide 7: Tronox's Recently Published Sustainability Report Highlights

    Tronox’s Recently Published Sustainability Report Highlights Our Commitment to Improving for the Future Tronox’s Targets & Goals Source: Tronox 2020 Sustainability Report LINK Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2021 7

  8. Slide 8: Tronox's Liquidity, Capital Expenditures & Free Cash Flow

    Tronox’s Liquidity, Capital Expenditures & Free Cash Flow Liquidity and Capital Resources CapEx, Free Cash Flow, and Cash to Shareholders • Capital expenditures in the second quarter were $60 million, (US$ in millions) June 30, 2021 totaling $118 million year-to-date Cash and cash equivalents $ 303

  9. Slide 9: Outlook

    Outlook • Q3 2021 Outlook: • FY 2021 Estimated Uses of Cash: ‒ TiO2 and zircon prices expected to continue to increase ‒ Net Cash Interest Expense: ~$140-150 million ‒ TiO2 sales volumes expected to decline 5-10% from ‒ Cash Taxes: ~$40-50 million record second quarter levels, due to supplier and lo

  10. Slide 10: Q&A Session

    Q&A Session Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2021 10

  11. Slide 11: Appendix

    Appendix © 2021 Tronox Holdings plc. | All rights reserved. | tronox.com 11

  12. Slide 12: Consolidated Statements of Operations (U.S. GAAP)

    Consolidated Statements of Operations (U.S. GAAP) TRONOX HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Net sales $ 927 $ 578 $

  13. Slide 13: 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 INCOME ATTRIBUTABLE TO TRONOX HOLDINGS PLC (U.S. GAAP) TO ADJUSTED NET INCOME ATTRIB

  14. Slide 14: Consolidated Balance Sheets

    Consolidated Balance Sheets TRONOX HOLDINGS PLC CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Millions of U.S. dollars, except share and per share data) June 30, 2021 December 31, 2020 ASSETS Current Assets Cash and cash equivalents $ 303 $ 619 Restricted cash 4 29 Accounts receivable (net of a

  15. Slide 15: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows TRONOX HOLDINGS PLC CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Millions of U.S. dollars) Six Months Ended June 30, 2021 2020 Cash Flows from Operating Activities: Net income $ 103 $ 36 Adjustments to reconcile net income to net cash provided by operating

  16. Slide 16: Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA

    Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (NON-U.S. GAAP) TRONOX HOLDINGS PLC RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (NON-U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars) (a) Represents non-cash share-based compensation. Three Months Ended Six Mont

  17. Slide 17: 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 six months ended June 30, 2021: Consolidated Cash provided by operating activities $ 345

Tronox Holdings — Q2 2021 Earnings Presentation on 6ix