Slide 1: Q3 2015 Supplemental Slides
Q3 2015 Supplemental Slides November 11, 2015
Slide 2: Safe Harbor
Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward- looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or
Slide 3: Three Months Ended September 30, 2015 vs. PY (Actual $)
Three Months Ended September 30, 2015 vs. PY (Actual $) Three Months Three Months Ended September Ended September Prior Year (amounts in millions) 30, 2015 30, 2014 Variance Total Sales $ 597.3 $ 196.8 $400.5 Gross Profit 242.7 103.2 $139.5 GP% Total 40.6% 52.4% Operating expenses 211.4 79.9 $131.5
Slide 4: Nine Months Ended September 30, 2015 vs. PY (Actual $)
Nine Months Ended September 30, 2015 vs. PY (Actual $) Nine Months Ended Nine Months Ended Prior Year (amounts in millions) September 30, 2015 September 30, 2014 Variance Total Sales $ 1,807.3 $ 569.6 $1,237.7 Gross Profit 718.5 284.1 $434.4 GP% Total 39.8% 49.9% Operating expenses 641.0 251.2 $389.
Slide 5: Pro-Forma Adj. Financial Results, Three Months Ended September 30, 2015
Pro-Forma Adj. Financial Results(1) Three Months Ended September 30, 2015 vs. PY (Actual $) As Adjusted As Adjusted Three Months Three Months Ended September Ended September (amounts in millions) 30, 2015 30, 2014 Prior Year Variance Total Sales $ 597.3 $ 706.5 $(109.2) (15.5)% Gross Profit 249.6 29
Slide 6: Pro-Forma Adj. Financial Results, Nine Months Ended September 30, 2015
Pro-Forma Adj. Financial Results(1) Nine Months Ended September 30, 2015 vs. PY (Actual $) As Adjusted As Adjusted Nine Months Ended Nine Months Ended (amounts in millions) September 30, 2015 September 30, 2014 Prior Year Variance Total Sales $ 1,894.8 $ 2,161.1 $(266.3) (12.3)% Gross Profit 824.4 9
Slide 7: Segment Trend: Pro-Forma As Adjusted, Q3 2015 v. PY (Actual $)
Segment Trend: Pro-Forma As Adjusted (1) Q3 2015 v. PY (Actual $) Q3 2015 Q3 2014 (amounts in millions) Actual Actual PY Variance Revenue: Performance Applications $ 179.7 $ 196.8 $ (17.1) (8.7 )% Agricultural Solutions 417.6 509.7 (92.1) (18.1 )% Total Revenue $ 597.3 $ 706.5 $ (109.2) (15.5)% Adju
Slide 8: Segment Trend: Pro-Forma As Adjusted, Year to Date v. PY (Actual $)
Segment Trend: Pro-Forma As Adjusted (1) Year to Date September 30, 2015 v. PY (Actual $) Year to Date Year to Date September 30, September 30, 2015 2014 (amounts in millions) Actual Actual PY Variance Revenue: Performance Applications $ 541.6 $ 569.6 $ (28.0) (4.9 )% Agricultural Solutions 1,353.2
Slide 9: Segment Trend: Pro-Forma As Adjusted, Q3 2015 v. PY (Constant $)
Segment Trend: Pro-Forma As Adjusted (1) Q3 2015 v. PY (Constant $) (2) Q3 2015 Q3 2014 (amounts in millions) Constant Constant PY Variance Revenue: Performance Applications $ 179.7 $ 180.1 $ (0.4) (0.2 )% Agricultural Solutions 422.5 409.4 13.1 3.2 % Total Revenue $ 602.2 $ 589.5 $ 12.7 2.2 % Adjus
Slide 10: Segment Trend: Pro-Forma As Adjusted, Year to Date v. PY (Constant $)
Segment Trend: Pro-Forma As Adjusted (1) Year to Date September 30, 2015 v. PY (Constant $) (2) Year to Date Year to Date September 30, September 30, 2015 2014 (amounts in millions) Constant Constant PY Variance Revenue: Performance Applications $ 541.9 $ 524.7 $ 17.2 3.3 % Agricultural Solutions 1,
Slide 11: Non-GAAP Free Cash Flow Schedule
Non-GAAP Free Cash Flow Schedule (1) (amounts in millions, except FCF per share) Q3'15 Q3'14 YTD'15 YTD'14 LTM (2) Net (Loss) Income $ (121.8) $ 13.9 $ (157.1) $ 9.5 $ (190.8) Plus: D&A 62.1 19.3 176.3 57.6 206.7 (Less) Plus: Other Non-Cash Expenses (29.2) (10.0) 55.4 13.6 70.4 Plus: Changes in Othe
Slide 12: Platform Pro-Forma As Adjusted EPS - Q3 2015 v. PY
Platform Pro-Forma As Adjusted EPS- Q3 2015 v. PY (1) (amounts in millions, except EPS) Q3 2015 Q3 2014 As Adjusted NIAT(2) $ 13.5 $ 43.6 As Adjusted EPS Basic: $ 0.06 $ 0.21 Basic Share Count: 210.9 210.9 As Adjusted EPS Diluted $ 0.06 $ 0.18 Diluted Share Count(3) 244.1 244.1 (1) Results presented
Slide 13: Platform Pro-Forma As Adjusted EPS - Year to Date v. PY
Platform Pro-Forma As Adjusted EPS (1) Year to Date September 30, 2015 v. PY Year to Date Year to Date September September (amounts in millions, except EPS) 30, 2015 30, 2014 As Adjusted NIAT(2) $ 116.1 $ 168.9 As Adjusted EPS Basic: $ 0.58 $ 0.85 Basic Share Count: 198.6 198.6 As Adjusted EPS Dilut
Slide 14: Capitalization
Capitalization Pro Forma (1) (amounts in millions) 12/31/2014 9/30/2015 9/30/2015 Cash $ 397.3 $ 682.0 $ 315.0 Revolver ($325m) — — — First Lien Term Loan 743.0 737.4 737.4 Term Loan 1- Agriphar 292.7 291.3 291.3 Term Loan 2- CAS 121.7 121.9 121.9 Term Loan 3- Arysta — 481.7 481.7 Incremental Term L
Slide 15: Appendix
r PLATFORM SPECIALTY / Ne RODUCTS CORPORATION PLATFORM SPECIALTY PR UCTS CORPORATION 2 Appendix
Slide 16: Reconciliation of PF Net Income to Pro-Forma Adjusted EBITDA – Q3 2015 vs. Q3 2014
Platform Reconciliation of PF Net Income to Pro-Forma Adjusted EBITDA – Q3 2015 vs. Q3 2014 Three Months Three Months Ended Ended September September (amounts in millions) 30, 2015 30, 2014 Pro-Forma Net income (1) $ 13.6 $ 43.5 Adjustments to reconcile to pro-forma net income: Income tax expense 18
Slide 17: Reconciliation of PF Net Income to Pro-Forma Adjusted EBITDA – Year to Date
Platform Reconciliation of PF Net Income to Pro-Forma Adjusted EBITDA – Year to Date September 30, 2015 vs. Year to Date September 30, 2014 Nine Months Nine Months Ended Ended September September (amounts in millions) 30, 2015 30, 2014 Pro-Forma Net income (1) $ 116.2 $ 169.1 Adjustments to reconcil
Slide 18: Reconciliation of Net Income to Adj. EBITDA – Three & Nine Months Ended
Platform Reconciliation of Net Income to Adj. EBITDA – Three & Nine Months Ended 2015 vs. Three & Nine Months Ended 2014 Three Months Ended Nine Months Ended September 30, September 30, (amounts in millions) 2015 2014 2015 2014 Adjusted EBITDA $ 115.1 $ 52.4 $ 413.2 $ 146.5 Adjustments to reconcile