Tronox Holdings Plc · NYSE:TROX

Tronox — Credit Suisse 35th Annual Specialties & Basics Conference 2022

18 slides from Tronox's conference presentation, Sep 13, 2022

  1. Slide 1: Credit Suisse Basic Materials Conference

    Credit Suisse Basic Materials Conference Tronox Holdings plc September 13, 2022 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 1

  2. 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 this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-loo

  3. Slide 3: Tronox – A Diversified, Vertically Integrated Titanium Industry Leader

    Tronox – A Diversified, Vertically Integrated Titanium Industry Leader TROX $3.6B $947M 85% ~6,500 ~1,200 NYSE 2021 Revenue 2021 Adj. EBITDA Feedstock Integration Global Employees Customers • Vertically integrated mining and inorganic chemical Sales by Sales by TiO2 Sales Volume company Region1 Prod

  4. Slide 4: A Larger, More Diversified and More Stable Company

    A Larger, More Diversified and More Stable Company Pre Cristal Acquisition1 2021 ∆ Mines | Upgrading | Pigment Facilities 3|5|3 6|5|9 +3 | - | +6 Nameplate TiO2 Pigment Capacity 465K tons 1.1M tons +613K tons Chloride / Sulfate Technology 100% / 0% 87% / 13% +13% Sulfate Zircon Processing Capacity 2

  5. Slide 5: Focused on Long-term Value Creation for Shareholders

    Focused on Long-term Value Creation for Shareholders • Initiated enhanced commercial approach with customers in 2018 to proactively stabilize margin volatility and enable cash generation across all scenarios Delivered 20 • Producing valuable co-products, such as zircon and pig iron, that contribute

  6. Slide 6: Differentiated, Vertically Integrated Business Model

    Differentiated, Vertically Integrated Business Model Clearly differentiated from peers 2021A EBITDA Margin1 26.5% Strong balance sheet and ample liquidity to 11 support our vertically integrated operations 19.4% 20.3% 13.5% 85% vertical integration provides annualized 22 feedstock cost savings of $3

  7. Slide 7: Effectively Deploying Capital

    Effectively Deploying Capital • Elevated expected capital requirements in 2022 and 2023 – return threshold of 25% • newTRON 2022E capital: $90M Capital Expenditures • Vertical integration 2022E capital: $150M – $175M • Normalized estimated CapEx of $250M – $300M in 2025+ Growth • Will evaluate strat

  8. Slide 8: Appendix

    Appendix © 2022 Tronox Holdings plc. | All rights reserved. | tronox.com 8

  9. Slide 9: Tronox’s 2021 Sustainability Report Accelerates Our Carbon Reduction Targets

    Tronox’s 2021 Sustainability Report Accelerates Our Carbon Reduction Targets Achieve Carbon Zero Waste to Achieve Zero Harm Foster & Build a Neutrality by 2050 External Dedicated by Building Workplace that Landfills Capacity in our Reflects the 2050 2050 People, Plants and Communities in 100% Carbon

  10. Slide 10: Investing Now to Secure Future Vertical Integration

    Investing Now to Secure Future Vertical Integration Ample titanium ore reserves for 2035 and beyond Mine Production Forecast 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Australia Snapper Atlas Campaspe Other Deposits Eastern Ops Ginkgo Ginkgo /

  11. Slide 11: newTRON to Generate $150-$200/t Run Rate Savings

    newTRON to Generate $150-$200/t Run Rate Savings Costs & Benefits by Year EBITDA Run Rate ✓ Pre-funded based on Benefit Breakout realized one-time cash 250 Volume benefits Cost Savings Contribution 200 68% 32% ✓ Annual run rate benefits 150 of $150-$200 per ton 100 expected by end of 2023 $Millions

  12. Slide 12: Consolidated Statements of Income (U.S. GAAP)

    Consolidated Statements of Income (U.S. GAAP) TRONOX HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF INCOME (U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net sales $ 945 $ 927 $ 1,910 $

  13. Slide 13: Reconciliation of Non-U.S. GAAP Financial Measures

    Reconciliation of Non-U.S. GAAP Financial Measures TRONOX HOLDINGS PLC RECONCILIATION OF NON-U.S. GAAP FINANCIAL MEASURES (UNAUDITED) (Millions of U.S. dollars, except share and per share data) RECONCILIATION OF NET INCOME ATTRIBUTABLE TO TRONOX HOLDINGS PLC (U.S. GAAP) TO ADJUSTED NET INCOME ATTRIB

  14. Slide 14: Consolidated Balance Sheets

    TRONOX HOLDINGS PLC Consolidated Balance Sheets CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Millions of U.S. dollars, except share and per share data) June 30, 2022 December 31, 2021 ASSETS Current Assets Cash and cash equivalents $ 112 $ 228 Restricted cash 2 4 Accounts receivable (net of al

  15. Slide 15: Consolidated Statements of Cash Flows

    TRONOX HOLDINGS PLC Consolidated Statements of Cash Flows CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Millions of U.S. dollars) Six Months Ended June 30, 2022 2021 Cash Flows from Operating Activities: Net income $ 391 $ 103 Adjustments to reconcile net income to net cash provided by operatin

  16. Slide 16: Reconciliation of Net Income to EBITDA and Adjusted EBITDA (Non-U.S. GAAP)

    Reconciliation of Net Income to EBITDA and Adjusted EBITDA (NON-U.S. GAAP) TRONOX HOLDINGS PLC RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA (NON-U.S. GAAP) (UNAUDITED) (a) Represents non-cash share-based compensation. (Millions of U.S. dollars) (b) Represents breakage fee and other cos

  17. Slide 17: Free Cash Flow (Non-U.S. GAAP)

    Free Cash Flow (NON-U.S. GAAP) TRONOX HOLDINGS PLC FREE CASH FLOW (NON-U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars) The following table reconciles cash used in operating activities to free cash flow for the six months ended June 30, 2022: Consolidated Cash provided by operating activities $ 221

  18. Slide 18: Reconciliation of Trailing Twelve-Month Net Income to EBITDA and Adjusted EBITDA

    RECONCILIATION OF TRAILING TWELVE-MONTH NET INCOME TO EBITDA AND ADJUSTED EBITDA (NON-U.S. GAAP) TRONOX HOLDINGS PLC RECONCILIATION OF TRAILING TWELVE MONTH NET INCOME TO EBITDA AND ADJUSTED EBITDA (NON-U.S. GAAP) (UNAUDITED) (Millions of U.S. dollars) Three Months Ended Trailing Twelve Month Septem

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