Slide 1: Second Quarter 2017
Second Quarter 2017 August 9, 2017
Slide 2: Safe Harbor
Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or o
Slide 3: Non-GAAP Information
Non-GAAP Information To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company uses the following non-GAAP financial measures: adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA guidance, adjusted earnin
Slide 4: Platform Second Quarter Results
Platform Second Quarter Results Constant Currency1* Organic2* • Net sales grew 2% driven by organic growth in Performance Solutions ($ in millions) Q2 2017 Q2 2016 YoY% Q2 2017 YoY% YoY% partially offset by a slight decline in Agricultural Solutions EMEA region Net Sales $941 $922 2% $947 3% 2% • Co
Slide 5: Performance Solutions Results
Performance Solutions Results Net Sales $ in millions • Net sales increased by $24 million over 2Q16 due to 24 462 organic growth in most business units. Metals price increases were offset by moderate FX headwinds 450 438 9 438 • EUR, GBP and CNY exposures driving FX 430 headwinds (9) • $9 million b
Slide 6: Agricultural Solutions Results
Agricultural Solutions Results Net Sales $ in millions • Net sales decreased $5 million over 2Q16 driven by modest 510 organic declines that offset favorable FX 490 484 3 486 479 • FX tailwind driven primarily by the Brazilian Real 470 (8) • Organic sales* decreased 2% in the quarter • Delayed seaso
Slide 7: Balance Sheet & Cash Flow Considerations
Balance Sheet & Cash Flow Considerations Key Cash Flow Items Balance Sheet Management • Working capital peak in 2017 slightly delayed further into Q2 vs. • Debt repricings since October 2016 drove ~$10 million of 2016 largely as a result of weather in Europe year-over-year interest savings in Q2 • I
Slide 8: 2017 Guidance – Q2 Update
2017 Guidance – Q2 Update Performance Solutions Agricultural Solutions • Modest recovery assumed in global Market Commentary • Modest global GDP expectations with commodity prices slower growth in Europe • Ag chemical markets expected to be flat to • US automotive units moderating slightly negative
Slide 9: 2017 Priorities
2017 Priorities Execution: Build on Operating Momentum Focus Commercial Efforts on Fast Growing Niches Synergy Realization and Continuous Cost Improvement Generate Free Cash Flow and Reduce Leverage 9
Slide 10: Appendix
PLATFORM SPECIALTY PR UCTS CORPORATION rl Appendix 10
Slide 11: Capital Structure
Capital Structure $ millions Instrument Maturity Coupon 6/30/2017 Corporate Revolver ($500M) 6/7/2019 $105 Term Loan B5 - USD 1 6/7/2020 L + 350 606 Term Loan B6 - USD 1,2 6/7/2023 L + 300 1,228 Term Loan C4 - EUR 1 6/7/2020 E + 325 794 Term Loan C5 - EUR 1,2 6/7/2023 E + 275 741 Other Secured Debt
Slide 12: Reconciliation to Adjusted Share Counts
Reconciliation to Adjusted Share Counts (in millions) Q2 2017 Q2 2016 Basic outstanding shares 286 230 Number of shares issuable upon conversion of Series B Convertible Preferred Stock - 22 Number of shares issuable upon conversion of PDH Common Stock 6 8 Number of shares issuable upon conversion of
Slide 13: Net Loss Attributable to Common Stockholders Reconciliation to Adjusted EBITDA
Net Loss Attributable to Common Stockholders Reconciliation to Adjusted EBITDA (Amounts in millions) Q2 2017 Q2 2016 Net loss attributable to common stockholders $(61) $(9) Net income attributable to the non-controlling interests 1 1 Income tax expense 11 27 (Loss) income before income taxes and non
Slide 14: GAAP Diluted EPS Loss Reconciliation to Adjusted Diluted EPS
GAAP Diluted EPS Loss Reconciliation to Adjusted Diluted EPS (amounts in millions, except per share amounts) Q2 2017 Q2 2016 GAAP diluted loss per share $(0.21) $(0.04) Weighted average shares outstanding 286 230 Net loss attributable to common stockholders $(61) $(9) Adjustments: Reversal of amorti
Slide 15: Quarterly Results Overview
Quarterly Results Overview 2016 2017 (Amount in millions) Q1 Q2 Q3 Q4 Q1 Q2 Net Sales Performance Solutions $420 $438 $455 $457 $447 $462 Agricultural Solutions 404 484 436 493 415 479 Total Net Sales $824 $922 $891 $950 $862 $941 Adjusted EBITDA Performance Solutions $83 $98 $110 $111 $102 $103 Agr
Slide 16: Organic Sales Growth and Constant Currency Reconciliations
Organic Sales Growth and Constant Currency Reconciliations Q2 2017 Organic Sales Growth Organic Reported Net Impact of Metals Acquisitions Sales Sales Growth Currency Growth Performance Solutions 6% 2% (2)% —% 6% Agricultural Solutions (1)% (1)% —% —% (2)% Total 2% 1% (1)% —% 2% Q2 2017 Constant Cur
Slide 17: Non-GAAP Definitions
Non-GAAP Definitions Adjusted EBITDA: Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization, as further adjusted for additional items included in earnings that are not representative or indicative of our ongoing business as described in the footnotes to the non