Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation October 30, 2024 Q3 2024 Earnings Presentation FMC CORPORATION 1
Slide 2: Safe Harbor Statement; Non-GAAP Financial Terms
Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this presentation are forward- looking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook
Slide 3: Q3 2024 Results
Q3 2024 Results Q3 2024 Q3 2023 2024 VS. 2023 Revenue $1,065 $982 9% GAAP Net Income (Loss) $66 -$4 +$70 Adjusted EBITDA1 $201 $175 15% % Revenue 18.9% 17.8% 110 Bps GAAP Earnings (Loss) Per Share $0.52 -$0.03 +$0.55 Adjusted Earnings Per Share1 $0.69 $0.44 57% Note: Amounts in millions of USD excep
Slide 4: Q3 2024 Regional Revenue Drivers
Q3 2024 Regional Revenue Drivers Revenue up 9%, up 12% excluding FX REGIONAL REVENUE BRIDGE North $236 million Latin $504 million (+8% YOY, America (+48% YOY) America +15% ex-FX) $76 $38 $1,065 $982 ($21) ($10) • Strong volume from diamide partners • Volume growth primarily in Brazil • Earlier than
Slide 5: Q3 2024 Adjusted EBITDA Drivers
Q3 2024 Adjusted EBITDA1 Drivers EBITDA1 BRIDGE $72 $15 $201 $175 ($53) ($8) olume, ix, aunches Price ost Note: Amounts in millions of USD KEY DRIVERS AT A GLANCE Volume, Mix, Launches Cost • Volume growth in the Americas • COGS headwind as expected from unabsorbed fixed costs • Strong results for r
Slide 6: Global Restructuring and Cost Reduction Plan
Global Restructuring and Cost Reduction Plan Increasing target restructuring savings range to $125 million to $150 million of adjusted EBITDA1 net benefit in 2024 $125 - $150 million in 2024 (net savings vs. 2023) >$225 million by end of 2025 (run rate savings) DIVEST OPERATING MODEL CHANGES REDUCE
Slide 7: FY 2024 Financial Outlook Update
FY 2024 Financial Outlook Update Outlook adjusted for imminent sale of Global Specialty Solutions business, expected in early November 2024 FY 2023 FY 2024 Guidance REVENUE DRIVERS • Volume growth driven by NPI3 and market • High channel inventory in India expected to be REVENUE $4.49 $4.33 - $4.44
Slide 8: Q4 2024 Financial Outlook
Q4 2024 Financial Outlook Revised guidance for impact from expected sale of GSS, sales timing shift from Q4 into Q3 Q4 2023 Q4 2024 Guidance3 REVENUE DRIVERS • Volume growth expected in all regions • Sales of new products a strong contributor to REVENUE $1.15 $1.30 billion - • Price a mid-single dig
Slide 9: Q3 & FY 2024 Cash Flow Generation and Deployment
Q3 & FY 2024 Cash Flow Generation and Deployment YTD increase in Free Cash Flow1 of over $1B due mainly to working capital improvement Q3 Q3 9M 9M FY 2024 2024 2023 Q3 2024 Commentary 2024 2023 Guidance FY 2024 Commentary Actual Actual Actual Actual Range GAAP Cash from Operations $160 $102 $309 $(6
Slide 10: Appendix
Q3 2024 Earnings Presentation FMC CORPORATION 10
Slide 11: Modeling Assumptions for 2024
Modeling Assumptions for 2024 Appendix $235 – $240 13 – 15 $1 – $2 Revenue: ($20) million million percent million EBITDA: ($10) million INTEREST EXPENSE NON-CONTROLLING INTEREST EXPECTED GSS LOSS OF ADJUSTED TAX RATE1 CONTRIBUTION ~125.3 $172 – $177 $400 – $500 $70 – $80 million million million mill
Slide 12: Q3 2024 Adjusted EPS Variance
Q3 2024 Adjusted EPS1 Variance Appendix $0.44 $0.18 $0.04 $0.03 $0.00 $0.69 Q ’ Adj. EBITDA1 INTEREST EXPENSE TAXES OTHER Q ’ • EBITDA1 higher • Reduced • Depreciation & 15 percent borrowing Amortization, Minority Interest 1. Denotes non-GAAP financial term. Refer to non-GAAP financial terms at the
Slide 13: Additional Disclaimers
Additional Disclaimers Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. No offer for sale, sale, or use of any such products is permitted prior to the issuance of t
Slide 14: Q3 2024 Earnings Presentation FMC CORPORATION
Copyright © 2024, FMC Corporation. All Rights Reserved. Q3 2024 Earnings Presentation FMC CORPORATION 14