Tronox Holdings Plc · NYSE:TROX
Tronox — Credit Suisse 32nd Annual Basic Materials Conference 2019
12 slides from Tronox's conference presentation, Sep 10, 2019
Slide 1: Credit Suisse Basic Materials Conference
Credit Suisse Basic Materials Conference September 10, 2019 © 2019 Tronox Holdings plc. | All rights reserved. | tronox.com
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 safe harbor provisions of the U.S. Private Securities Litigation Reform Act o
Slide 3: World's Largest Vertically Integrated TiO2 Producer
World’s Largest Vertically Integrated TiO2 Producer Botlek the Netherlands Yanbu • 1.1 million tons of NYC and Stamford USA Capacity: 90 kMT KSA Capacity: 200 kMT Fuzhou China Capacity: 46 kMT nameplate TiO2 Corporate Offices Stallingborough UK pigment capacity Capacity: 165 kMT Oklahoma City • 270,
Slide 4: Integration and Globalization Advantages
Integration and Globalization Advantages Vertical Integration Balanced Geographical Sales • Achieve and maintain first- quartile cost position 21% • Greater stability in financial performance 30% • Significant profitability and cash 30% flow across varying macro- economic conditions 11% 8% A Global
Slide 5: Strategy Driven by Changing Industry Dynamics
Strategy Driven by Changing Industry Dynamics Changes in TiO2 Market Increased competitive Structure intensity Implications Advantaged cost structure is Flattening of cost curve critical to remain competitive / relevant Chloride Process Industry consolidation and migration to public ownership Vertic
Slide 6: Unified Commercial Approach
Unified Commercial Approach Guiding Principles Offering A World-Class TiO2 Product Portfolio • Offering a high value proposition to our customers; • Accelerating our bespoke margin stability initiatives across regions in both coatings and plastics markets; • Partnering with strategic customers that
Slide 7: Zircon Delivering Significant Profitability and Margin Enhancement
Zircon Delivering Significant Profitability and Margin Enhancement • Major applications Ceramic tiles and glazes Refractories and foundry Zirconia chemicals • Tronox is the 2nd largest zircon producer with ~270,000 tons of capacity • Market Dynamics Margin Stabilization initiative precedes t
Slide 8: Operations and Synergies
Operations and Synergies SQLCT Synergies represent savings achieved in the calendar year $220 USD millions Target stated at Investor Day May 2019 Achieved through 2Q 2019 $175 $120 Delivering Safe, Quality, Low-Cost Tons for our Customers and $45 Exceptional Shareholder Returns $12 2Q 2019 2019 2020
Slide 9: Capital Allocation
• Reinvesting - Disciplined CapEx Capital Lowering costs and improving efficiencies Allocation Delivering the synergies Unlocking the hidden factory: Priorities low-cost expansion opportunities vs. brownfield/greenfield • Deleveraging - Strong Balance Sheet Across Cycles Net leverage Targeted
Slide 10: FY2019 Outlook on a Reported Basis provided vs. Investor Day
FY2019 Outlook on a Reported Basis provided vs. Investor Day Investor Day Guidance Narrowed Guidance (Q2 2019 Earnings Release) $2,830 $2,905 $2,980 Revenue $635 $688 $740 Adj. EBITDA $(0.17) $0.43 Adj. Diluted EPS $130 $160 Free Cash Flow 10 © 2019 Tronox Holdings plc. | All rights reserved. | tron
Slide 11: The New Tronox
The New Tronox Transformative A culturally driven acquisition has high-performance Lowering our costs, Our focus is on created extraordinary organization with delivering the execution opportunities to a compelling synergies create value market-driven strategy Greater stability in Robust cash financi
Slide 12: Q&A Session
Q&A Session © 2019 Tronox Holdings plc. | All rights reserved. | tronox.com
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