Graftech International Ltd. · NYSE:EAF
Graftech International — Q1 2025 Earnings Presentation
19 slides from Graftech International's earnings presentation, Apr 25, 2025
Slide 1: Q1 2025 Results
Q1 2025 Results April 25, 2025 NYSE: EAF www.graftech.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This presentation and related discussions may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements
Slide 3: Today's Presenters
Today’s Presenters Tim Flanagan Jeremy Halford Rory O’Donnell Chief Executive Officer Executive Vice President, Chief Financial Officer and President Chief Operating Officer and Senior Vice President 3
Slide 4: Delivering on Initiatives to Grow Volume, Increase Market Share and Reduce Costs
Delivering on Initiatives to Grow Volume, Increase Market Share and Reduce Costs Leveraging our compelling customer value proposition to drive volume and 1 market share growth Optimizing order book by actively shifting the geographic mix of our business to 2 regions with higher pricing 3 Executing i
Slide 5: Prioritizing Safety
Prioritizing Safety Total Recordable Incident Rate (“TRIR”)(1) 0.94 0.61 0.59 0.33 2022 2023 2024 Q1 2025 (1) TRIR measured per 200,000 hours worked. 5
Slide 6: Steel Industry Trends
Steel Industry Trends ▪ Geopolitical uncertainty, particularly as it relates to global trade and tariffs, continues to have a significant impact on steel industry trends (1) ▪ Q1 2025 global steel production, excluding China, of 209 million tons versus 212 million tons in Q1 2024 Steel Capacity Util
Slide 7: Production and Sales
Production and Sales ▪ Q1 2025 production volume up 10% and sales volume up 2% compared to Q1 2024 ▪ Q1 2025 net sales down 18% compared to Q1 2024 as higher sales volume was offset by lower weighted-average realized prices Production Volume Sales Volume Net Sales (in thousands of metric tons (“MT”)
Slide 8: Earnings and Cash Flow
Earnings and Cash Flow (1) (2) ▪ Q1 2025 net loss of $39 million, or $0.15 per share , and adjusted EBITDA of negative $4 million (2) ▪ Q1 2025 net cash used in operating activities of $32 million and adjusted free cash flow of negative $40 million (2) ▪ Q1 2025 cash costs on a per MT basis declined
Slide 9: Liquidity and Debt Maturity Profile
Liquidity and Debt Maturity Profile ▪ Liquidity of $421 million as of March 31, 2025 ▪ Our strong liquidity position continues to support our ability to manage through the near-term, industry-wide challenges ▪ Substantially no debt maturities until December 2029 Liquidity Debt Maturity Profile (in m
Slide 10: Optimism About Long-term Prospects for GrafTech Remains Intact
Optimism About Long-term Prospects for GrafTech Remains Intact Long-term Industry Tailwinds: ▪ United States steel market remains robust; European steel demand and production levels are expected to improve in the coming years ▪ Shift to electric arc furnace (“EAF”) steelmaking expected to continue,
Slide 11: Why GrafTech?
Why GrafTech? An Industry Leader in the Production of High-Quality Graphite Electrodes ▪ Graphite electrodes are essential to the operation of an EAF ▪ Reflecting environmental benefits, growth in EAF steelmaking expected to continue outpacing integrated steelmaking Sustainable Competitive Advantage
Slide 12: Appendix
Appendix 12
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to providing results that are determined in accordance with GAAP, we have provided certain financial measures that are not in accordance with GAAP. EBITDA, adjusted EBITDA, adjusted net loss, adjusted loss per share, free cash flow, adjusted free cash flow and
Slide 14: Reconciliation to Adjusted Net Loss
Reconciliation to Adjusted Net Loss Three Months Ended Mar 31, Dec 31, Sept 30, June 30, Mar 31, ($ in thousands) 2025 2024 2024 2024 2024 Net loss $ (39,351) $ (49,476) $ (36,068) $ (14,752) $ (30,869) Adjustments, pre-tax: Pension and OPEB plan expenses(1) 628 967 479 477 347 Rationalization expen
Slide 15: Reconciliation to Adjusted Loss Per Share
Reconciliation to Adjusted Loss Per Share Three Months Ended Mar 31, Dec 31, Sept 30, June 30, Mar 31, 2025 2024 2024 2024 2024 Loss per share $ (0.15) $ (0.19) $ (0.14) $ (0.06) $ (0.12) Adjustments per share, pre-tax: Pension and OPEB plan expenses(1) 0.01 - - - - Rationalization expenses(2) - - -
Slide 16: Reconciliation to Adjusted EBITDA
Reconciliation to Adjusted EBITDA Three Months Ended Mar 31, Dec 31, Sept 30, June 30, Mar 31, ($ in thousands) 2025 2024 2024 2024 2024 Net loss $ (39,351) $ (49,476) $ (36,068) $ (14,752) $ (30,869) Add: Depreciation and amortization 13,783 16,110 17,933 14,319 13,883 Interest expense 29,841 37,57
Slide 17: Reconciliation to Adjusted Free Cash Flow
Reconciliation to Adjusted Free Cash Flow Three Months Ended Mar 31, Dec 31, Sept 30, June 30, Mar 31, ($ in thousands) 2025 2024 2024 2024 2024 Net cash (used in) provided by operating activities $ (32,186) $ (26,417) $ 23,709 $ (36,855) $ (530) Capital expenditures (10,281) (12,792) (4,027) (6,979
Slide 18: Reconciliation to Cash Cost of Goods Sold per MT
Reconciliation to Cash Cost of Goods Sold per MT Three Months Ended Year Ended Mar 31, Dec 31, Sept 30, June 30, Mar 31, Dec 31, ($ in thousands, except per MT amounts) 2025 2024 2024 2024 2024 2024 Cost of goods sold $ 110,765 $ 131,698 $ 134,885 $ 131,970 $ 135,204 $ 533,757 Less: Depreciation and
Slide 19: GrafTech International Ltd. contact details
Ticker: EAF (NYSE) GrafTech International Ltd. Website: www.graftech.com 982 Keynote Circle Contact: Michael Dillon Email: investor.relations@graftech.com Brooklyn Heights, Ohio 44131 Phone: 1.216.676.2000
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