Eastman Kodak Company · NYSE:KODK
Eastman Kodak — Q2 2025 Earnings Presentation
19 slides from Eastman Kodak's earnings presentation, Aug 11, 2025
Slide 1: Second Quarter 2025 Earnings Call
Second Quarter 2025 Earnings Call August 11, 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 • Continued to execute our long-term plan despite global economic uncertainty; deleveraging the business and strengthening our balance sheet, investing in growth businesses and increasing operational efficiencies through technology, automation and standardize practices throughout the
Slide 6: CEO Perspective
CEO Perspective • Print Division: • Continue to see improvements in efficiency and acceptance of our products. • We continue to provide our customers with a reliable supply of a full range of solutions for both offset and digital print. • Completed initial sales of several PROSPER ULTRA 520 Presses,
Slide 7: Second Quarter 2025 Results
Second Quarter 2025 Results ($ millions) Q2 2025 Q2 2024 Decline - $ Decline - % Consolidated Revenue $263 $267 ($4) -1% Impact of Foreign Exchange 2 ($5) Adjusted Consolidated Revenue $258 $267 ($9) -3% Gross Profit $51 $58 ($7) -12% 2 Impact of Foreign Exchange ($1) Adjusted Gross Profit $50 $58 (
Slide 8: First Half 2025 Results
First Half 2025 Results ($ millions) YTD 2025 YTD 2024 Decline - $ Decline - % Consolidated Revenue $510 $516 ($6) -1% Impact of Foreign Exchange 2 ($2) Adjusted Consolidated Revenue $508 $516 ($8) -2% Gross Profit $97 $107 ($10) -9% Impact of Foreign Exchange 2 $0 Adjusted Gross Profit $97 $107 ($1
Slide 9: First Half 2025 Cash Flow
First Half 2025 Cash Flow Six Months Ended June 30, ($ Millions) 2025 2024 $ Change Primary Drivers of Cash: Cash Flow from Operations: Net (loss) earnings $ (33) $ 58 $ (91) Depreciation and amortization 14 13 1 Pension and other postretirement income (28) (73) 45 $2M Year-Over- Asset impairment $4
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 (Loss) Income for the three and six months ended June 30, 2025 and 2024, respectively: (in millions) Q2 2025 Q2 2024 $ Change % Change Net (Loss) Income $ (26) $ 26 $ (52)
Slide 12: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net (Loss) Income to Operational EBITDA and Operational EBITDA on a constant currency basis for the three months ended June 30, 2025 and 2024, respectively: (in millions) Q2 2025 Q2 2024 $ Change % Change N
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 and Adjusted Operational EBITDA for the six months ended June 30, 2025 and 2024, respectively: (in millions) YTD 2025 YTD 2024 $ Change % Change Net (Loss) Income $ (
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) increase in cash and cash equivalents for the six months ended June 30, 2025 and 2024, respectively Six Months Ended Six
Slide 15: Non-GAAP Measures
Non-GAAP Measures Footnote Explanations: (1) Restructuring costs and other for the three and six months ended June 30, 2025, included $5 million and $10 million, respectively that were recorded in Restructuring costs and other in the Consolidated Statement of Operations. The remaining $1 million in
Slide 16: Appendix
APPENDIX 16
Slide 17: Second Quarter 2025 Financial Summary by Reportable Segment
Second Quarter 2025 Financial Summary by Reportable Segment ($ millions) Advanced Q2 2025 Actuals Print Materials & Brand Total Chemicals Revenue $ 178 $ 75 $ 6 $ 259 Operational EBITDA (1) $ (4) $ 8 $ 5 $ 9 Advanced Q2 2024 Actuals Print Materials & Brand Total Chemicals Revenue $ 186 $ 73 $ 4 $ 26
Slide 18: First Half 2025 Financial Summary by Reportable Segment
First Half 2025 Financial Summary by Reportable Segment ($ millions) Advanced YTD 2025 Actuals Print Materials & Brand Total Chemicals Revenue $ 343 $ 149 $ 10 $ 502 Operational EBITDA (1) $ (13) $ 15 $ 9 $ 11 Advanced YTD 2024 Actuals Print Materials & Brand Total Chemicals Revenue $ 368 $ 132 $ 8
Slide 19: Thank You
i < Thank You
Eastman Kodak Company — Q2 2025 Earnings Presentation on 6ix