Tronox Holdings Plc · NYSE:TROX
Tronox — TZMI Congress 2019
26 slides from Tronox's conference presentation, Nov 12, 2019
Slide 1: Tronox's Brilliant Advantage
Tronox’s Brilliant Advantage November 12, 2019 Jeffry N. Quinn Chairman & CEO Tronox Holdings plc Cooljarloo, Australia 1
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 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-looking
Slide 3: A New Industry Leader
A New Industry Leader The Combination of Tronox and Cristal: ✓ World’s largest vertically integrated TiO2 producer ✓ Second largest TiO2 pigment producer ✓ Second largest mineral sands producer ✓ Second largest zircon producer ✓ Unmatched global footprint on six continents ✓ Rich diversity of talent
Slide 4: Global, Integrated Footprint Sets Tronox Apart
Global, Integrated Footprint Sets Tronox Apart Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 4
Slide 5: Global Zircon Macro Environment Continues to be Challenging
Macro Environment Continues to be Challenging • Weak global growth feeding ongoing fear of global economic slowdown Global • Ongoing US / China trade war leading to increasing tariffs and equity market volatility • Brexit and mixed European industrial production data creating uncertainty • TiO2 mark
Slide 6: Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019
Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 6
Slide 7: Foundational: Our Competitive TiO2 Pigment Costs
Foundational: Our Competitive TiO2 Pigment Costs Yanbu, KSA Hamilton, MS, USA Thann, France Stallingborough, UK Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 7
Slide 8: Enabling: Tronox as a TiO2 Technology Leader
Enabling: Tronox as a TiO2 Technology Leader Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 8
Slide 9: The Right People, Culture and Capabilities Will Allow Us To Execute Our Strategy
The Right People, Culture and Capabilities Will Allow Us To Execute Our Strategy Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 9
Slide 10: Commitment to Sustainability is a Part of Tronox Culture
Commitment to Sustainability is a Part of Tronox Culture Corporate citizenship and sustainability is an integral part of our global business. We are continually challenging ourselves to promote sustainable growth, invest in green technologies, be transparent in all our business operations, and make
Slide 11: Today We'll Focus On Our Brilliant Advantages – Vertical Integration and a Global Footprint
Today We’ll Focus On Our Brilliant Advantages – Vertical Integration and a Global Footprint KZN Sands, South Africa Snapper, Australia Namakwa, South Africa Cooljarloo, Australia Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 11
Slide 12: Existing Mining Operations on Continents with Long Life…
Existing Mining Operations on 3 Continents with Long Life… Namakwa Gingko Existing Fairbreeze UMM Cooljarloo Wonnerup Paraiba Operations East and West Snapper Mining Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 12
Slide 13: …With Ample Expansion Opportunities and Additional Resources
…With Ample Expansion Opportunities and Additional Resources Namakwa Gingko Existing Fairbreeze UMM Cooljarloo Wonnerup Paraiba Operations East and West Snapper Mining New Coolljarloo East OFS Atlas (Extensions) Fairbreeze Extension Port Durnford West UMM Expansion Campaspe Dongara Tronox Holdings p
Slide 14: Mining Operations Produce Ilmenite For Our Upgrading Operations
Mining Operations Produce Ilmenite For Our Upgrading Operations, As Well As Other Directly Used Feedstocks Namakwa Gingko Existing Fairbreeze UMM Cooljarloo Wonnerup Paraiba Operations East and West Snapper Mining ▪ Zircon ▪ Pig Iron New Coolljarloo East OFS Atlas (Direct sales) (Extensions) Fairbre
Slide 15: Tronox Currently has 630ktpa of Upgrading Capacity; Jazan Will Increase to over 1,100ktpa
Tronox Currently has 630ktpa of Upgrading Capacity; Jazan Will Increase to over 1,100ktpa Namakwa Gingko Existing Fairbreeze UMM Cooljarloo Wonnerup Paraiba Operations East and West Snapper Mining ▪ Zircon ▪ Pig Iron New Coolljarloo East OFS Atlas (Direct sales) (Extensions) Fairbreeze Extension Por
Slide 16: Optimizing Tronox's Vertical Integration Secures Future Feedstocks for Pigment Facilities
Optimizing Tronox’s Vertical Integration Secures Future Feedstocks for Tronox’s Pigment Facilities Namakwa Gingko Existing Fairbreeze UMM Cooljarloo Wonnerup Paraiba Operations East and West Snapper Mining ▪ Zircon ▪ Pig Iron New Coolljarloo East OFS Atlas (Direct sales) (Extensions) Fairbreeze Exte
Slide 17: Established Mining Operations
Established Mining Operations Namakwa KZN Australia • Largest HM Reserves at 41m MT • Fairbreeze Mine HM Reserves at 14m MT • 11m MT of HM Reserves at Cooljarloo • 32k MT Rutile & leucoxene, 119k MT • 22k MT Rutile & leucoxene, 53k MT Zircon, and Dongara, additional reserves at Zircon, 181k MT Ti Sl
Slide 18: Expanding Feedstock Flexibility
Expanding Feedstock Flexibility Alignment of feedstock production and pigment plant optimization • Combination of Cristal and • Ability to run lower • Reduce reliability on high Tronox has resulted in pigment plant head grade grade feedstock such as new technologies / rutile • Ability to accept high
Slide 19: Prescriptive Analytics Through Integrated Business Planning
Prescriptive Analytics Through Integrated Business Planning Best-in-Class Planning Process Drives Significant Value Input Output Enterprise Optimization Model Detailed Integrated Business Planning Utilizes Numerous Inputs: Capital Allocation Decisions: ▪ Mine block-level ▪ New mines ▪ 19 feedstock e
Slide 20: Value-Enhancing Benefits from Zircon & TiCl4
Value-Enhancing Benefits from Zircon & TiCl4 Tronox is the 2nd largest producer of zircon and the largest merchant seller and distributor of Metal Grade TiCl4 products globally Zircon • 2nd largest zircon producer with ~270,000 tons of capacity – Largest production capacity of our portfolio at Namak
Slide 21: Near Term Strategic Focus
Near Term Strategic Focus ✓ Investment in high growth regions ✓ Upgrading the asset portfolio ✓ Feedstock expansion ✓ Ilmenite planning needs Tronox continuously evaluates opportunities to optimize our strategic position Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2019 21
Slide 22: Near Term Feedstock Expansion – Jazan
Near Term Feedstock Expansion – Jazan Producing high-grade feedstock for our pigment plants • Jazan is a key to further optimize vertical integration of Tronox • Jazan smelter comprised of two high-grade chloride slag furnaces with 500ktpa of combined capacity • Tronox is providing technical service
Slide 23: Near Term Feedstock Expansion – Jazan
Near Term Feedstock Expansion – Jazan Jazan plays an important role in optimizing vertical integration Tronox TiO2 Internal Feedstock Supply & Demand • Tronox is assisting the owners to recommission the smelter Jazan production and ramp-up production as quickly as possible: Current internal feedstoc
Slide 24: The Emergence of the "Big 3"
The Emergence of the “Big 3” Exchange NYSE: TROX NYSE: CC SHE: 002601 NYSE: KRO NYSE: VNTR Global Headquarters Stamford, CT Wilmington, DE Henan, China Dallas, TX Wynyard, UK Incorporation UK Delaware China Delaware UK US, Brazil, UK, Global TiO2 Germany, Belgium, UK, Germany, Spain, Netherlands, Fr
Slide 25: Emergence of the "Big 3": Defining Characteristics
Emergence of the “Big 3”: Defining Characteristics The leading TiO2 producers will, by end of 2019, all have production capacity over 1 mtpa • Largest vertically integrated position among TiO2 peers ‒ Increasing ability to use a variety of feedstocks ‒ Maximizing vertically integrated position with
Slide 26: Thank you!
Thank you! © 2019 Tronox Holdings plc. | All rights reserved. | tronox.com