Chemours Company (the) · NYSE:CC
Chemours Company (the) — The Chemours Company — Investor Presentation (December 2024)
28 slides from Chemours Company (the)'s investor presentation, December 2024
Slide 1: Investor Presentation
Investor Presentation December 2024
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 exp
Slide 3: I. Business Overview
I. Business Overview 3
Slide 4: Chemours Businesses
Chemours Businesses 1 THERMAL & SPECIALIZED SOLUTIONS 2 TITANIUM TECHNOLOGIES 3 ADVANCED PERFORMANCE MATERIALS ` Chemours’ Thermal & Specialized Solutions Chemours’ Titanium Technologies is the Chemours’ Advanced Performance Materials business delivers thermal management world's trusted TiO2 p
Slide 5: Industry Leading Businesses Collectively Driving Shareholder Returns
Industry Leading Businesses Collectively Driving Shareholder Returns (All $’s on a trailing twelve-month basis, in millions, as of 30-Sep-24) 1 Total Chemours Thermal & Specialized Solutions (TSS) Titanium Technologies (TT) Advanced Performance Materials (APM) $3,000 50% $3,000 250% $3,000 90% Net S
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 next-gen low global warming potential (“GWP”) refrigera
Slide 7: Innovation Through Two-Phased Immersion Cooling with Opteon
1 Innovation Through Two-Phased Immersion Cooling with Opteon Over 95% of data centers use traditional air- and The Technology 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 con
Slide 8: Favorable Regulatory Trends Accelerating Opteon Adoption
1 Favorable Regulatory Trends Accelerating Opteon Adoption • The EU and the United States are the two key end-markets driving regulatory acceleration of Opteon adoption through a Global Warming Potentials (“GWP”)-based quota system • The AIM Act empowers the EPA to reduce US HFC production and consu
Slide 9: Titanium Technologies
2 Titanium Technologies 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 leader in TiO2 production TT Key End Markets − 3 TiO2 plants, 6 production lines − Mineral sa
Slide 10: Advanced Performance Materials at a Glance
3 Advanced Performance Materials at a Glance Earnings Customers & upside Across a distributors; through Leader diverse range of high-end 1100+ no customer High continued $1.3B Sales1 $153M Adjusted EBITDA2 representing specialty materials >10% of sales1 application developments Global Footprint3 Div
Slide 11: Driving Growth Through Innovation
3 Driving Growth Through Innovation • Enabling innovation and portfolio transformation towards high-value end markets, primarily in clean energy & advanced electronics • Expect GDP+ growth with secular trends driving investment • Differentiated offerings with exceptional performance Clean Energy Adv
Slide 12: II. Financial Update
II. Financial Update 12
Slide 13: Third Quarter 2024 Highlights
Third Quarter 2024 Highlights 1 Generated $1.5B in Net Sales and $208M in Adjusted EBITDA 1 TT Adjusted EBITDA up 23% YoY, driven by operational execution Continued strong adoption of Opteon Refrigerants in TSS with 21% YoY growth Delivered high single-digit percentage growth year-over-year in Gener
Slide 14: Fourth Quarter 2024 Guidance
Fourth Quarter 2024 Guidance Sequential Business Outlook: TSS o Net Sales: Expected to decline in the low teens (%) sequentially, driven by refrigerant seasonality, though TSS anticipates maintaining double-digit year-over-year growth in Opteon Refrigerants o Adjusted EBITDA: Projected to decrease
Slide 15: Third Quarter 2024 Financial Summary
Third Quarter 2024 Financial Summary ($ in millions unless otherwise noted; excludes per share amounts) 3Q24 3Q23 Y-o-Y ∆ 2Q24 Q-o-Q ∆ Net Sales $1,501 $1,487 $14 $1,538 $(37) Net (Loss) /Income1 $(27) $12 $(39) $70 $(97) Adj. Net Income 2 $61 $65 $(4) $57 $4 EPS 3 $(0.18) $0.08 $(0.26) $0.46 $(0.64
Slide 16: Adjusted EBITDA Bridge
Adjusted EBITDA Bridge ($ in millions) ($2) ($5) $37 ($50) $17 $211 $208 3Q23 Price Volume Costs/Other Portfolio Currency 3Q24 Adjusted EBITDA1 Adjusted EBITDA1 Price Declines:($50) million due to lower overall market pricing Volume Impacts: $17 million driven by Opteon Refrigerants product adop
Slide 17: Segment Summary
Segment Summary ($ in millions unless otherwise noted) Net Sales TSS TT APM $318 $417 $436 $460 $908 $877 $690 $679 $356 $450 $343 $348 Q3'21 Q3'22 Q3'23 Q3'24 Q3'21 Q3'22 Q3'23 Q3'24 Q3'21 Q3'22 Q3'23 Q3'24 Adjusted EBITDA and Margin (%) TSS TT APM ($ in millions) $112 $76 $68 $39 $103 $162 $162 $1
Slide 18: Capital Allocation Strategy
Capital Allocation Strategy A capital allocation strategy focused on driving shareholder value -- aligned with our values and sustainability goals Focused Investments in growth initiatives to selectively enhance our Investments portfolio, including organic and inorganic opportunities Commitment
Slide 19: Our Corporate Strategy: Pathway to Thrive
Our Corporate Strategy: “Pathway to Thrive” Pillars for Success PATHWAY TO THRIVE Operational Enabling Portfolio Strengthening Excellence Growth Management the Long Term ❑Manufacturing excellence as ❑Investing smartly in selected ❑Holistic portfolio analysis ❑Measurable progress on a basis for succe
Slide 20: Appendix
Appendix 20
Slide 21: TSS Segment Net Sales and Adjusted EBITDA (Unaudited)
TSS Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) % of total Net Sales % reflects Adjusted EBITDA Margin $460 $436 FP&O FP&O ($12) $36 24% 22% Freon Freon Refrigerants Refrigerants 39% 32% Opteon Opteon $162 Quota Allowances ~33% $141 Refrigerants Refrigerants Raw
Slide 22: TT Segment Net Sales and Adjusted EBITDA (Unaudited)
TT Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) % of total Net Sales % reflects Adjusted EBITDA Margin $690 $679 ($19) $8 $69 $85 3Q23 Price/Currency Volume 3Q24 3Q23 Price/Currency Volume Cost/Other 3Q24 Net Sales: The decline was mainly driven by a 2% price dec
Slide 23: APM Segment Net Sales and Adjusted EBITDA (Unaudited)
APM Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) ($ in millions) % of total Net Sales % reflects Adjusted EBITDA Margin $343 $348 Performance Performance ($26) $31 Solutions Solutions 38% 40% Advanced Advanced Materials Materials 62% 60% $68 $39 3Q23 Price/Currency Volume Cost/O
Slide 24: Segment Net Sales and Adjusted EBITDA (Unaudited)
Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) Three Months Ended Three Months Ended September 30, June 30, 2024 2023 2024 SEGMENT NET SALES Thermal & Specialized Solutions $ 460 $ 436 $ 513 Titanium Technologies 679 690 673 Advanced Performance Materials 348 343 339 Other Segment
Slide 25: GAAP Net (Loss) Income to Adjusted Net Income and Adjusted EBITDA
GAAP Net (Loss) Income Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio (Page 1/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Twelve Months Ended September 30, Jun
Slide 26: GAAP Net (Loss) Income to Adjusted Net Income and Adjusted EBITDA
GAAP Net (Loss) Income Attributable to Chemours to Adjusted Net Income and Adjusted EBITDA Reconciliation (Unaudited) GAAP Net Leverage Ratio to Non-GAAP Net Leverage Ratio (Page 2/2) ($ in millions except per share amounts) Three Months Ended Three Months Ended Twelve Months Ended September 30, Jun
Slide 27: Segment Net Sales (Unaudited)
Segment Net Sales (Unaudited) 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Net sales by product group and segment OpteonTM refrigerants $ 143 $ 182 $ 150 $ 122 $ 195 $ 200 $ 170 $ 145 $ 200 $ 227 $ 205 FreonTM refrigerants 197 241 177 135 185 226 170 141 173 173 146 Foam, propellants, and other 8
Slide 28: Segment Net Sales and Adjusted EBITDA (Unaudited)
Segment Net Sales and Adjusted EBITDA (Unaudited) ($ in millions) Twelve Months Ended September 30, 2024 2023 SEGMENT NET SALES Thermal & Specialized Solutions $ 1,797 $ 1,765 Titanium Technologies 2,590 2,635 Advanced Performance Materials 1,309 1,500 Other Segment 53 104 Total Company $ 5,749 $ 6,
The Chemours Company — Investor Presentation (December 2024) on 6ix