Venator Materials PLC · OTC:VNTRF

Venator Materials — Jefferies 2021 Industrials Conference

15 slides from Venator Materials's conference presentation, Aug 4, 2021

  1. Slide 1: Jefferies 2021 Industrials Conference - Virtual

    Jefferies 2021 Industrials Conference - Virtual August 4, 2021

  2. Slide 2: Safe Harbor Statement and Other Matters

    Safe Harbor Statement and Other Matters This presentation includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements include statemen

  3. Slide 3: Venator Snapshot

    Venator Snapshot(1) Leading global chemical company 2Q21 LTM(1) Revenue (mm) $2,049 Adj. EBITDA (mm)(1) $134 % margin(1) 7% Titanium Dioxide Performance Additives(1) Segment 2Q21 LTM 2Q21 LTM Revenue (mm) $1,520 Revenue (mm) $529 Adj. EBITDA (mm)(2) $122 Adj. EBITDA (mm)(2) $60 % margin(1) 8% % marg

  4. Slide 4: Titanium Dioxide: Improving TiO2 fundamentals

    Titanium Dioxide Improving TiO2 fundamentals End Markets Quarterly Adjusted EBITDA History(1) 2Q21 LTM 2020 Revenues Source: Management Estimates $ in millions Ag. & 31%31% 32% Water Other Fibres & films 1% 2% 29% Segment 18 23 Personal Care, Food, 6% Pharma. & Active Materials Architectural coating

  5. Slide 5: A Market Leader in High-Value Specialty TiO2

    A Market Leader in High-Value Specialty TiO2 Favorable application mix Venator has more than half of its sales volume in high value and technically demanding TiO2 categories Venator Focus Specialties Price Differentiated Functional Legend: Low Quality % Total global TiO2 industry demand 18% 41% 32%

  6. Slide 6: Performance Additives: Segment continues to perform well

    Performance Additives(1) Segment continues to perform well End Markets(1) Quarterly Adjusted EBITDA History(1)(2) 2Q21 LTM(1) 2020 Revenues Source: Management Estimates $ in millions Fibres & films Other 3% 2% Architectural 17% 17% Personal Care, Food, coatings 15% 14% Pharmaceuticals & Active Mater

  7. Slide 7: Performance Additives: Product overview

    Performance Additives(1) Product overview 2Q21 LTM EBITDA(1)(2) % split Product Characteristics & Uses Competition Benefit Functional Barium and Zinc Additives  Fillers that enhance the gloss and  Strong EBITDA margins flow of paints and the mechanical Additives  Complementary and common properti

  8. Slide 8: Driving Further Cost Reduction

    Driving Further Cost Reduction Savings on track 2020 BIP Highlights Timing (a) $ in millions ~$75  2020 Business Improvement Program on Non-recurring ~$65 track savings 2020 $57 Business Improvement  German restructuring project on track ~$55 Program and cost in-line with expectations 2019 Busines

  9. Slide 9: Focused on Maximizing Shareholder Value

    Focused on Maximizing Shareholder Value Maximize Shareholder Value Focus on Improve Customer- Enhance specialty & free cash Portfolio tailored competitive differentiated flow optimization approach position products generation  Increasing  Growth in higher  Driving  Reduce cash  Completed sale o

  10. Slide 10: Appendix

    VENATOR Appendix

  11. Slide 11: Pro Forma Adj. EBITDA Reconciliation

    Pro Forma Adj. EBITDA Reconciliation $ in millions 2014 2015 2016 2017 2018 2019 2020 2Q21 2Q21 LTM Net (Loss) / Income $ (162) $ (352) $ (77) $ 144 $ (157) $ (170) $ (105) $ (22) $ (138) Net income attributable to noncontrolling interests (2) (7) (10) (10) (6) (5) (7) (1) (6) Net income of disconti

  12. Slide 12: Reconciliation of U.S. GAAP to Non-GAAP Measures

    Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 12

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

    Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 13

  14. Slide 14: Reconciliation of U.S. GAAP to Non-GAAP Measures

    Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 14

  15. Slide 15: Appendix

    Appendix (1) Our management uses adjusted EBITDA to assess financial performance. Adjusted EBITDA is defined as net income/loss before interest income/expense, net, income tax expense/benefit, depreciation and amortization, and net income attributable to noncontrolling interests, as well as eliminat

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