Eastman Kodak Company · NYSE:KODK
Eastman Kodak — Q3 2025 Earnings Presentation
19 slides from Eastman Kodak's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Earnings Call
Third Quarter 2025 Earnings Call November 6, 2025
Slide 2: Cautionary Statement Regarding Forward-looking Statements
Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes “forward-looking statements” as that term is defined under the Pri
Slide 3: Cautionary Statement Regarding Forward-looking Statements (continued)
Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements (continued) including inflationary pressures, geopolitical issues such as the war in Ukraine
Slide 4: Agenda
Agenda Introduction Anthony Redding, Chief Compliance - Officer First line bullet point First line bullet point - Second line bullet point First line bullet point - CEO Third Perspective line Jim Continenza, Executive Chairman bullet point First line bullet point - Fourth line bullet point First
Slide 5: CEO Perspective
CEO Perspective • Starting to see a return from long-term investments and growth initiatives, continue to increase operational efficiencies and to de-lever the balance sheet. • Third Quarter 2025 Results: • Revenues of $269 million compared with $261 million for Q3 2024, an increase of $8 million or
Slide 6: CEO Perspective
CEO Perspective • Advanced Materials and Chemicals (“AM&C”): • Continued to invest in AM&C and seeing the growth of those investments. • Revenue for AM&C increased 15% from the prior year quarter. • Reinvested in our core competencies of layering and coating and expect to see continued growth in the
Slide 7: Third Quarter 2025 Results
Third Quarter 2025 Results Improvement Improvement ($ millions) Q3 2025 Q3 2024 (Decline) - $ (Decline) - % Consolidated Revenue $269 $261 $8 3% Impact of Foreign Exchange 2 ($4) Adjusted Consolidated Revenue $265 $261 $4 2% Gross Profit $68 $45 $23 51% 2 Impact of Foreign Exchange ($1) Adjusted Gro
Slide 8: Year-To-Date September 2025 Results
Year-To-Date September 2025 Results Improvement Improvement ($ millions) YTD 2025 YTD 2024 (Decline) - $ (Decline) - % Consolidated Revenue $779 $777 $2 0% Impact of Foreign Exchange 2 ($6) Adjusted Consolidated Revenue $773 $777 ($4) -1% Gross Profit $165 $152 $13 9% 2 Impact of Foreign Exchange ($
Slide 9: Year-To-Date September 2025 Cash Flow
Year-To-Date September 2025 Cash Flow Nine Months Ended September 30, ($ Millions) 2025 2024 $ Change Primary Drivers of Cash: Cash Flow from Operations: Net (loss) earnings $ (20) $ 76 $ (96) Depreciation and amortization 21 21 - Pension and other postretirement income (42) (111) 69 $29M Year- Asse
Slide 10: Non-GAAP Measures
Non-GAAP Measures In this earnings presentation, reference is made to the following non-GAAP financial measures: • Revenues, gross profit and Operational EBITDA on a constant currency basis. • Net (Loss) Income excluding non-cash changes in workers compensation and employee benefit reserves, net gai
Slide 11: Non-GAAP Measures
Non-GAAP Measures The following tables reconcile the most directly comparable GAAP measure of Net (Loss) Income to Adjusted Net Income for the three and nine months ended September 30, 2025 and 2024, respectively: (in millions) Q3 2025 Q3 2024 $ Change % Change Net Income $ 13 $ 18 $ (5) -28% Asset
Slide 12: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net Income to Operational EBITDA, Operational EBITDA on a constant currency basis and Adjusted Operational EBITDA for the three months ended September 30, 2025 and 2024, respectively: (in millions) Q3 2025
Slide 13: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net (Loss) Income to Operational EBITDA, Operational EBITDA on a constant currency basis and Adjusted Operational EBITDA for the nine months ended September 30, 2025 and 2024, respectively: (in millions) YT
Slide 14: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net decrease in cash, cash equivalents and restricted cash to Adjusted net decrease in cash and cash equivalents for the nine months ended September 30, 2025 and 2024, respectively Nine Months Ended Nine Mo
Slide 15: Non-GAAP Measures
Non-GAAP Measures Footnote Explanations: (1) Consulting and other costs are professional services and internal costs associated with corporate strategic initiatives and litigation. Consulting and other costs included $1 million of income in the nine months ended September 30, 2025, representing insu
Slide 16: Appendix
APPENDIX 16
Slide 17: Third Quarter 2025 Financial Summary by Reportable Segment
Third Quarter 2025 Financial Summary by Reportable Segment ($ millions) Advanced Q3 2025 Actuals Print Materials & Brand Total Chemicals Revenue $ 177 $ 82 $ 6 $ 265 Operational EBITDA (1) $ 8 $ 16 $ 5 $ 29 Advanced Q3 2024 Actuals Print Materials & Brand Total Chemicals Revenue $ 182 $ 71 $ 5 $ 258
Slide 18: Year-To-Date September 2025 Financial Summary by Reportable Segment
Year-To-Date September 2025 Financial Summary by Reportable Segment ($ millions) Advanced YTD 2025 Actuals Print Materials & Brand Total Chemicals Revenue $ 520 $ 231 $ 16 $ 767 Operational EBITDA (1) $ (5) $ 31 $ 14 $ 40 Advanced YTD 2024 Actuals Print Materials & Brand Total Chemicals Revenue $ 55
Slide 19: Thank You
i < Thank You
Eastman Kodak Company — Q3 2025 Earnings Presentation on 6ix