Chemours Company (the) · NYSE:CC

Chemours Company (the) — Q3 2024 Earnings Presentation

18 slides from Chemours Company (the)'s earnings presentation, Nov 4, 2024

  1. Slide 1: Third Quarter 2024 Earnings Presentation

    Third Quarter 2024 Earnings Presentation November 4, 2024

  2. 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

  3. Slide 3: Third Quarter 2024 Highlights

    Third Quarter 2024 Highlights Generated $1.5B in Net Sales and $208M in Adjusted EBITDA TT Adjusted EBITDA up 23% YoY, driven by operational execution Continued strong adoption of Opteon Refrigerants in TSS with 21% YoY growth Delivered high single-digit percentage growth year-over-year in Generated

  4. Slide 4: Third Quarter 2024 Financial Summary

    Third Quarter 2024 Financial Summary ($ in millions unless otherwise noted; excludes per share amounts) 3Q24 3Q23 Y-o-Y ∆ 2Q24 Q-o-Q ∆ Net Sales $1,501 $1,487 $14 $1,538 $(37) Net (Loss) /Income1 $(27) $12 $(39) $70 $(97) Adj. Net Income 2 $61 $65 $(4) $57 $4 EPS 3 $(0.18) $0.08 $(0.26) $0.46 $(0.64

  5. Slide 5: Adjusted EBITDA Bridge

    Adjusted EBITDA Bridge ($ in millions) ($2) ($5) ($50) $37 $17 $211 $208 3Q23 Price Volume Costs Portfolio Currency 3Q24 Price Declines:($50) million due to lower pricing across all segments Volume Impacts: $17 million driven by Opteon Refrigerants product adoption and a slight increase in TiO2 dema

  6. Slide 6: Segment Summary

    Segment Summary ($ in millions unless otherwise noted) Net Sales TSS TT APM $318 $417 $436 $460 $908 $877 $690 $679 $356 $450 $343 $348 Q3'21 Q3'22 Q3'23 Q3'24 Q3'21 Q3'22 Q3'23 Q3'24 Q3'21 Q3'22 Q3'23 Q3'24 Adjusted EBITDA and Margin (%) TSS TT APM ($ in millions) $76 $112 $68 $39 $103 $162 $162 $1

  7. Slide 7: Liquidity Position as of September 30, 2024

    Liquidity Position as of September 30, 2024 ($ in millions unless otherwise noted) Total Liquidity 6 $1.2B Gross debt $4.1B Net Debt 7 $3.5B TTM Net Leverage 8 4.4x $666 $619 $139 ($76) ($38) $70 Restricted $15 Restricted $22 $604 $596 Unrestricted Unrestricted 5 5 2Q24 Cash Balance Operating Cash F

  8. Slide 8: Fourth Quarter 2024 Guidance

    Fourth Quarter 2024 Guidance Sequential Business Outlook:  TSS o Net Sales: Expected to decline in the low teens (%) sequentially, driven by refrigerant seasonality, though TSS anticipates maintaining double-digit year-over-year growth in Opteon Refrigerants o Adjusted EBITDA: Projected to decrease

  9. Slide 9: Our Corporate Strategy: Pathway to Thrive

    Our Corporate Strategy: “Pathway to Thrive” Pillars for Success PATHWAY TO THRIVE Operational Enabling Portfolio Strengthening Excellence Growth Management the Long Term ❑ Manufacturing excellence as ❑ Investing smartly in selected ❑ Holistic portfolio analysis ❑ Measurable progress on a basis for s

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: 2024 Disruption and Investment Costs

    2024 Disruption and Investment Costs ($ in millions) Cost Type & Description 1,2 Full Year 2024 Titanium Technologies $26 Impacts from Q2 Altamira unplanned shut down Thermal and Specialized Solutions $15 - $20 SG&A and R&D Investments to Support Innovation (2P50 & NGR): ~$15-20 Corporate Expense $2

  12. Slide 12: TSS Segment Net Sales and Adjusted EBITDA (Unaudited)

    TSS Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) % of total Net Sales % reflects Adjusted EBITDA Margin $460 $436 FP&O FP&O ($12) $36 24% 22% Freon Freon Refrigerants Refrigerants 39% 32% Opteon Opteon Refrigerants $162 Quota Allowances ~33% $141 Refrigerants Raw

  13. Slide 13: TT Segment Net Sales and Adjusted EBITDA (Unaudited)

    TT Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) $690 $679 ($19) $8 $69 $85 3Q23 Price/Currency Volume Cost/Other 3Q24 3Q23 Price/Currency Volume 3Q24 Net Sales: The decline was mainly driven by a 2% price decrease. Volumes increased 1%, while unfavorable currency

  14. Slide 14: APM Segment Net Sales and Adjusted EBITDA (Unaudited)

    APM Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) % of total Net Sales $343 $348 Performance Performance Solutions ($26) $31 Solutions 38% 40% Advanced Advanced Materials Materials 62% 60% $68 $39 3Q23 Price/Currency Volume 3Q24 3Q23 Price/Currency Volume Cost/Oth

  15. Slide 15: Segment Net Sales and Adjusted EBITDA (Unaudited)

    Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) Three Months Ended Three Months Ended September 30, June 30, 2024 2023 2024 SEGMENT NET SALES Thermal & Specialized Solutions $ 460 $ 436 $ 513 Titanium Technologies 679 690 673 Advanced Performance Materials 348 343 339 Other Segment

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

    GAAP Net (Loss) Income Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio (Page 1/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Twelve Months Ended September 30, Jun

  17. Slide 17: GAAP Net (Loss) Income to Adjusted Net Income and Adjusted EBITDA

    GAAP Net (Loss) Income Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio (Page 2/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Twelve Months Ended September 30, Jun

  18. Slide 18: ® 2024 CHEMOURS. ALL RIGHT RESERVED

    ® 2024 CHEMOURS. ALL RIGHT RESERVED

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