Chemours Company (the) · NYSE:CC
Chemours Company (the) — The Chemours Company — Investor Presentation (February 2026)
40 slides from Chemours Company (the)'s investor presentation, Feb 25, 2026
Slide 1: The Chemours Company Investor Presentation
THE CHEMOURS COMPANY INVESTOR PRESENTATION February 25, 2026
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward- looking statements provide current ex
Slide 3: Agenda
Agenda 01 Company Overview 02 Strategic Progress 03 Financial Update 04 Appendix 3
Slide 4: Company Overview
1 COMPANY OVERVIEW
Slide 5: Chemours Has a Collection of Industry-Leading Businesses
Chemours Has a Collection of Industry-Leading Businesses (All $’s on a trailing twelve-month basis as of December 31, 2025, in millions) 1 2 3 Total Chemours Thermal & Specialized Solutions (TSS) Titanium Technologies (TT) Advanced Performance Materials (APM) $3,000 50% $3,000 250% $3,000 90% $3,000
Slide 6: Thermal & Specialized Solutions – Business Summary
1 Thermal & Specialized Solutions – Business Summary TSS Market Strength TSS Key End Markets • Leading, global provider of refrigerants, thermal management solutions, propellants, foam blowing agents, and specialty solvents • Category leader in low global warming potential (“GWP”) refrigerant techno
Slide 7: Innovation Through Two-Phased Immersion Cooling with Opteon
1 Innovation Through Two-Phased Immersion Cooling with Opteon The Technology • Over 95% of data centers use traditional air- and water- cooled technologies • Data centers are highly energy-intensive, with over 40% of energy dedicated to cooling IT equipment Key Market • A mid-sized US data center co
Slide 8: Favorable Regulatory Trends Accelerating Opteon Adoption
1 Favorable Regulatory Trends Accelerating Opteon Adoption • Chemours is pleased to have achieved its 2025 goal with its low GWP products delivering more than 350 million tons of avoided global CO2-equivalent emissions • The AIM Act empowers the EPA to reduce US HFC production and consumption ~85% b
Slide 9: Liquid Cooling Market Adoption
1 Liquid Cooling Market Adoption Advancements in chip technology are expected to drive the need for liquid cooling tech over time • Data center chip technology advancements driven by artificial intelligence (AI) is requiring increased power consumption, heat emittance, and server rack density1 • New
Slide 10: Innovation Through Two-Phase Liquid Cooling Fluids
1 Innovation Through Two-Phase Liquid Cooling Fluids Two-Phase Direct to Chip Two-Phase Immersion Cooling Key technology to bridge from single-phase direct-to-chip to two-phase immersion cooling Preferred solution to provide lowest total cost of ownership for high-performance computing hardware 1 Ch
Slide 11: Titanium Technologies – Business Summary
2 Titanium Technologies – Business Summary Improving the quality of earnings by utilizing our industry-leading manufacturing circuit and implementing a cost leadership strategy as part of our TT Transformation Plan A global leader2 in TiO2 production TT Key End Markets – 3 TiO2 plants, 6 production
Slide 12: Advanced Performance Materials – Business Summary
3 Advanced Performance Materials – Business Summary Earnings Customers & upside Across a distributors; through Leader diverse range of high-end ~900 no customer High continued $1.3B Sales2 $108M Adjusted EBITDA3 representing specialty materials >10% of sales1 application developments Global Footprin
Slide 13: Strengthening the Long-Term: Resolving Legacy Liabilities
Strengthening the Long-Term: Resolving Legacy Liabilities Advanced a Settlement with the state of New Jersey to comprehensively resolve environmental claims including PFAS Key Considerations ➢ Resolves all environmental claims, including those related to PFAS, across four current and former operatin
Slide 14: Taiwan Land Sale Overview
Taiwan Land Sale Overview • In July 2023, Chemours announced the strategic closing of its TiO2 manufacturing site in Kuan Yin, Taiwan. The closing of the facility was part of the Company’s broader strategy to right-size its operational footprint and reduce costs in the Titanium Technologies business
Slide 15: Strategic Progress
2 STRATEGIC PROGRESS PATHWAY TO THRIVE
Slide 16: Our Strategy
Our Strategy PATHWAY TO THRIVE Operational Enabling Portfolio Strengthening Excellence Growth Management the Long-Term ❑Manufacturing excellence as ❑Investing smartly in selected ❑Holistic portfolio analysis ❑Measurable progress on a basis for success growth projects focused on distinct value resolv
Slide 17: Progress Achieved to Date
Progress Achieved to Date PATHWAY TO THRIVE Operational Enabling Portfolio Strengthening Excellence Growth Management the Long-Term ✓ Delivered a minimum of $125 ✓ Continued double-digit growth with ✓ Progressed APM European asset ✓ Agreed to a proposed Judicial million of cost savings within 37% Yo
Slide 18: Financial Update
0g: OFINANCIAL beat UPDATE
Slide 19: Fourth Quarter & Full Year 2025 Highlights
Fourth Quarter & Full Year 2025 Highlights Generated $1.3B in Net Sales and $128M in Adjusted EBITDA1 in 4Q25, driving Net Sales of $5.8B and Adjusted EBITDA1 of $742M for the year Achieved 37% 4Q25 and 56% full year 2025 YoY Net Sales growth for Opteon Refrigerants in TSS, reflecting continued stro
Slide 20: Full Year 2025 Financial Summary
Full Year 2025 Financial Summary ($ in millions unless otherwise noted; excludes per share amounts) FY25 FY24 5 Y-o-Y ∆ Net Sales $5,808 $5,782 $26 Net (Loss) / Income 1 ($386) $69 ($455) Adj. Net Income 2 $143 $179 ($36) EPS 3 ($2.57) $0.46 ($3.03) Adj. EPS 2,3 $0.95 $1.19 ($0.24) Adj. EBITDA 2,4 $
Slide 21: Fourth Quarter 2025 Financial Summary
Fourth Quarter 2025 Financial Summary ($ in millions unless otherwise noted; excludes per share amounts) 4Q25 4Q24 5 Y-o-Y ∆ 3Q255 Q-o-Q ∆ Net Sales $1,329 $1,359 ($30) $1,495 ($166) Net (Loss) / Income1 ($47) ($11) ($36) $46 ($93) Adj. Net Income 2 $7 $14 ($7) $26 ($19) EPS 3 ($0.31) ($0.08) ($0.39
Slide 22: Adjusted EBITDA Bridge: FY25 versus FY24
Adjusted EBITDA Bridge: FY25 versus FY24 ($ in millions) ($18) $67 ($96) $22 $768 $742 1 FY24 Price Volume Cost/Other Currency FY25 Price Impacts: ($18) million driven by lower TiO2 pigment (TT) pricing globally partially offset by higher pricing in TSS primarily driven by stronger Opteon Refrigeran
Slide 23: Adjusted EBITDA Bridge: 4Q25 versus 4Q24
Adjusted EBITDA Bridge: 4Q25 versus 4Q24 ($ in millions) $13 ($10) ($56) $13 $168 $128 4Q24 1 Price Volume Cost/Other Currency 4Q25 Price Impacts: $13 million due to higher pricing in TSS primarily driven by stronger Opteon Refrigerant blends mix paired with higher pricing associated with opportunis
Slide 24: Full Year Segment Summary
Full Year Segment Summary ($ in millions unless otherwise noted) Net Sales1 TSS TT APM $1,851 $1,831 $2,066 $2,680 $2,572 $2,429 $1,462 $1,326 $1,263 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 Adjusted EBITDA and Margin 1 (%) TSS TT APM $683 $571 $670 $290 $301 $145 $273 $160 $108 FY23 FY24 FY25 F
Slide 25: Quarterly Segment Summary
Quarterly Segment Summary ($ in millions unless otherwise noted) Net Sales1 TSS TT APM $380 $390 $444 $651 $632 $561 $326 $324 $312 4Q23 4Q24 4Q25 4Q23 4Q24 4Q25 4Q23 4Q24 4Q25 Adjusted EBITDA and Margin 1 (%) TSS TT APM $122 $122 $128 $64 $70 $23 $12 $40 $47 4Q23 4Q24 4Q25 4Q23 4Q24 4Q25 4Q23 4Q24
Slide 26: Liquidity Position as of December 31, 2025
Liquidity Position as of December 31, 2025 ($ in millions unless otherwise noted) Total Liquidity 4 $1.6B Gross Debt $4.2B Net Debt 5 $3.5B TTM Net Leverage 6 4.7x $724 $665 ($45) ($15) ($18) $54 Restricted $52 Restricted $137 $670 $613 Unrestricted Unrestricted 1 2 3 7 1 3Q25 Cash Balance Operating
Slide 27: Current Capitalization
Current Capitalization x EBITDA Next Call CCR: Ba3 / BB- 31-Dec-25 FY2025 Coupon Maturity Ratings Current Call Date Price Unrestricted Cash $ 670 1 RCF ($1,000mm) - S + 125 - 200 Apr-30 NR / NR - - - EUR Term Loan B-3 (€415) 488 E + 325 Aug-28 Ba1 / BB+ 100.00 - - USD Term Loan B-4 1,050 S + 350 Oct
Slide 28: Appendix
APPENDIX 28
Slide 29: TSS Segment Net Sales and Adjusted EBITDA (Unaudited)
TSS Segment Net Sales and Adjusted EBITDA (Unaudited)1 ($ in millions) ($ in millions) % of total Net Sales $444 $390 $10 FP&O 20% FP&O $44 23% FreonTM Refrigerants FreonTM 25% Refrigerants 4Q25 % total 32% 4Q24 % total refrigerants: refrigerants: Freon = 32% OpteonTM OpteonTM Freon = 41% Opteon = 6
Slide 30: TT Segment Net Sales and Adjusted EBITDA (Unaudited)
TT Segment Net Sales and Adjusted EBITDA (Unaudited)1 ($ in millions) ($ in millions) $632 Minerals 5% $561 $(28) Minerals 5% $(43) TiO2 95% TiO2 95% $70 $23 4Q24 Price/Currency Volume 4Q25 4Q24 Price/Currency Volume Cost/Other 4Q25 Net Sales: The decrease was driven by year-over-year lower TiO2 pig
Slide 31: APM Segment Net Sales and Adjusted EBITDA (Unaudited)
APM Segment Net Sales and Adjusted EBITDA (Unaudited)1 ($ in millions) ($ in millions) % of total Net Sales $324 $312 $15 Performance ($27) Solutions Performance 41% Solutions 45% • Non-cash inventory Advanced charges Advanced • Lower utilization Materials Materials levels 59% 55% $47 • Idling costs
Slide 32: Segment Net Sales (Unaudited)
Segment Net Sales (Unaudited)1 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net sales by product group and segment TM Opteon refrigerants $ 195 $ 200 $ 170 $ 145 $ 200 $ 227 $ 205 $ 178 $ 279 $ 375 $ 368 $ 243 TM Freon refrigerants 185 226 170 141 173 173 146 124 97 123 98 113 Foam, propellant
Slide 33: Segment Net Sales by Region (Unaudited)
Segment Net Sales by Region (Unaudited)1 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net sales by geographic region North America: Thermal & Specialized Solutions $ 292 $ 319 $ 258 $ 207 $ 271 $ 308 $ 256 $ 194 $ 233 $ 336 $ 316 $ 241 Titanium Technologies 262 277 273 242 246 274 270 236 267
Slide 34: Disruption & Investment Costs (Unaudited)
Disruption & Investment Costs (Unaudited) 2024 2025 ($, millions) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Disruption Costs Thermal & Specialized Solutions (TSS) Winter Storm $ - $ - $ - $ - $ - $ 5 $ - $ - $ - $ 5 Titanium Technologies (TT) Impacts from Altamira Outage - 8 18 - 26 - - - - - Winter Storm
Slide 35: Segment Net Sales and Adjusted EBITDA (Unaudited)
Segment Net Sales and Adjusted EBITDA (Unaudited)1 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Segment Net Sales Thermal & Specialized Solutions $ 494 $ 533 $ 444 $ 380 $ 454 $ 519 $ 468 $ 390 $ 466 $ 597 $ 560 $ 444 Titanium Technologies 632 707 690 651 592 676 672 632 597 657 612 561 Advanc
Slide 36: GAAP Net Income (Loss) to Adjusted Net Income and Adjusted EBITDA Reconciliation
GAAP Net Income (Loss) Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio1 (Page 1/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Year Ended December 31, September 30
Slide 37: GAAP Net Income (Loss) to Adjusted Net Income and Adjusted EBITDA Reconciliation
GAAP Net Income (Loss) Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio1 (Page 2/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Year Ended December 31, September 30
Slide 38: GAAP Operating Cash Flow to Free Cash Flow Reconciliation
GAAP Cash Flow Provided by Operating Activities to Free Cash Flows and Free Cash Flow Conversion Reconciliation Three Months Ended Year Ended December 31, September 30, December 31, 2025 2024 2025 2025 2024 1 Cash flows provided by (used for) operating activities $ 137 $ 138 $ 146 $ 264 $ (633) Less
Slide 39: Revisions to Previously Presented Segment Net Sales and Adjusted EBITDA
Revisions to Previously Presented Segment Net Sales, Segment Adjusted EBITDA, Adjusted 1Net Income and Consolidated Adjusted EBITDA Year Ended December 31, 2023 Year Ended December 31, 2024 As Reported Revision As Revised As Reported Revision As Revised Segment Adjusted EBITDA Thermal & Specialized
Slide 40: © 2026 Chemours. All Rights Reserved
® 2026 CHEMOURS. ALL RIGHTS RESERVED
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