Chemours Company (the) · NYSE:CC
Chemours Company (the) — Investor Presentation (November 2022)
17 slides from Chemours Company (the)'s investor presentation, Nov 28, 2022
Slide 1: Chemours 3Q 2022 Investor Presentation
Chemours 3Q 2022 Investor Presentation November 2022
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
Slide 3: Full Year 2022 Guidance Update
Full Year 2022 Guidance Update The company is currently tracking slightly below the low end of our guidance range of Adjusted EBITDA between $1.40 billion to $1.45 billion and Free Cash Flow of greater than $575 million TiO2 market demand has weakened in the 4th Quarter, most notably in Europe and A
Slide 4: A Pathway to Significant Shareholder Value Creation
A Pathway to Significant Shareholder Value Creation Drive secular growth in TSS and APM behind class leading products and innovative chemistry Improve TT earnings through the cycle while growing with strategic customers Continue to manage and resolve legacy liabilities consistent with Chemours/DD/CT
Slide 5: The Chemours Company at a Glance
Geography2 The Chemours Company at a Glance See reconciliation of Non-GAAP measures in the appendix. Source: Company filings and data 1. Includes $236 corporate and other expenses. Also includes Other Segment Net Sales of $156 and Adjusted EBITDA of $8. 2. Data represents Net Sales for the trailing
Slide 6: Thermal & Specialized Solutions (TSS) Overview
Leading, global provider of refrigerants, thermal management solutions, propellants, foam blowing agents, and specialty solvents Category leader in next-gen low GWP technology Co-developed HFO technology Advantaged process technology at Corpus Christi Robust international patent portfolio; no single
Slide 7: Regulatory Trends Accelerating Opteon Adoption
Regulatory Trends Accelerating Opteon™ Adoption Source: Internal Estimates Footnote: US ~ 304 MMT CO2eq EU ~ 182 MMT CO2eq AIM F-Gas Revision F-Gas Kigali A1 Kigali A5 Montreal Protocol / Kigali US AIM Act EU F-Gas Regulation
Slide 8: Global Addressable Market
Global Addressable Market Mobile Air Conditioning MKT: ~$2.4B MKT ~6% GLOBAL: ~50% Stationary Commercial Refrigeration MKT: ~$2.2B MKT ~10% GLOBAL: ~50% Stationary Air Conditioning & Heat Pumps MKT: ~$3.5B MKT ~11% GLOBAL: ~30% Stationary Chillers for A/C & Heat Pump MKT: ~$1.5B MKT ~10% GLOBAL: ~25
Slide 9: Advanced Performance Materials (APM) Overview
Advanced Performance Materials (APM) Overview Leader Across a diverse range of high-end materials 1400+ Customers and distributors, with no customer representing >5% of sales3 High Variable margin across portfolio, leading to significant operating leverage $1.6B Sales1 $378M Adjusted EBITDA1 Strong
Slide 10: APM: Powering the Hydrogen Economy with Nafion Membranes
APM: Powering the Hydrogen Economy with Nafion™ Membranes Nafion™ membranes are at the core of fuel cells and electrolyzers Nafion™ dispersions and membranes drive proton exchange at the molecular level
Slide 11: APM: PEM Membrane TAM
APM: PEM Membrane TAM $ M Source: Roland Berger CAGR 52% CAGR 44% PEM Membrane TAM Outlook (thru 2030) Water Electrolysis Hydrocarbon Parity Fuel Cell Diesel Parity Total Cost of Ownership Source: The Chemours Company
Slide 12: Industry Leadership: APM Driving Secular Growth with Green Hydrogen
Industry Leadership NafionTM is at the core of the Hydrogen Economy and created the category of ion exchange materials Chemours has a fully integrated supply chain to support rapid advancement in technology Advancing Innovation & Capacity Planned $200M investment for capacity expansion to enable the
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Slide 14: Segment Net Sales and Adjusted EBITDA
Segment Net Sales and Adjusted EBITDA (unaudited) ($ in millions) Year Ended September 30, 2022 2021 SEGMENT NET SALES Titanium Technologies $ 3,638 $ 3,181 Thermal & Specialized Solutions 1,655 1,234 Advanced Performance Materials 1,582 1,330 Other Segment 156 363 Total Company $ 7,031 $ 6,108 SEGM
Slide 15: GAAP Income Before Income Taxes to Adjusted EBITDA Reconciliation
GAAP Income Before Income Taxes to Adjusted EBITDA Reconciliation (unaudited)
Slide 16: Estimated GAAP Net Income to Adjusted Net Income, Adjusted EBITDA and Adjusted EPS
Estimated GAAP Net Income Attributable to Chemours to Adjusted Net Income, Adjusted EBITDA and Adjusted EPS Reconciliation (*) (Unaudited) Net income attributable to Chemours 691 732 restructuring, transaction, and other costs, net (1) 62 62 adjusted net income 753 794 interest expense, net 170 170
Slide 17: Estimated GAAP Operating Cash Flows to Free Cash Flow Reconciliations
Estimated GAAP Cash Flows Provided by Operating Activities to Free Cash Flow Reconciliations (Unaudited) Cash provided by operating activities >925 less: purchases of property, plant, and equipment ~(350) free cash flows >575 The Company’s estimates reflect its current visibility and expectations ba