Eastman Kodak Company · NYSE:KODK
Eastman Kodak — Q2 2021 Earnings Presentation
16 slides from Eastman Kodak's earnings presentation, Aug 10, 2021
Slide 1: Second Quarter 2021 Earnings Call
Second Quarter 2021 Earnings Call August 10, 2021
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: Agenda
Agenda Introduction Paul Dils, Chief Tax Officer and Director - of Investor Relations 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 l
Slide 4: CEO Perspective
CEO Perspective • Strong second quarter performance reflecting the execution of our long-term plan. • Continue to focus on strengths and core competencies as an industrial manufacturer to drive long term value and sustainability. • Change in culture to a customer first model and our simplified organ
Slide 5: Second Quarter 2021 Results
Second Quarter 2021 Results Improvement - ($ millions) Q2 2021 Q2 2020 $ Consolidated Revenue $291 $213 $78 Less: Favorable Impact of Foreign Exchange 2 ($10) Adjusted Consolidated Revenue $281 $213 $68 Net Income (Loss) $16 ($5) $21 Changes in Fair Value of Embedded Derivative Liability Features ($
Slide 6: First Half 2021 Results
First Half 2021 Results Improvement - ($ millions) YTD 2021 YTD 2020 $ Consolidated Revenue $556 $480 $76 Less: Favorable Impact of Foreign Exchange 2 ($19) Adjusted Consolidated Revenue $537 $480 $57 Net Income (Loss) $22 ($116) $138 Changes in Fair Value of Embedded Derivative Liability Features (
Slide 7: First Half 2021 Cash Flow
First Half 2021 Cash Flow Six Months Ended June 30, ($ Millions) 2021 2020 $ Change Primary Drivers of Cash: Cash from Operations: Net income (loss) $ 22 $ (116) $ 138 Depreciation and amortization 16 20 (4) Pension income (42) (43) 1 Change in fair value of embedded conversion features derivatives
Slide 8: Non-GAAP Measures
Non-GAAP Measures In this second quarter earnings presentation, reference is made to the following non-GAAP financial measures: • Revenues and Operational EBITDA on a constant currency basis; • Net Income (Loss) excluding changes in fair value of embedded derivative liability features, trade name im
Slide 9: Non-GAAP Measures
Non-GAAP Measures The following tables reconcile the most directly comparable GAAP measure of Net Income (Loss) to Adjusted Net Income (Loss) for the three and six months ended June 30, 2021 and 2020, respectively: (in millions) Q2 2021 Q2 2020 $ Change Net Income (Loss) $ 16 $ (5) $ 21 Changes in f
Slide 10: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net Income (Loss) to Operational EBITDA, Operational EBITDA on a constant currency basis and Adjusted Operational EBITDA for the three months ended June 30, 2021 and 2020, respectively: (in millions) Q2 202
Slide 11: Non-GAAP Measures
Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net Income (Loss) to Operational EBITDA, Operational EBITDA on a constant currency basis and Adjusted Operational EBITDA for the six months ended June 30, 2021 and 2020, respectively: (in millions) YTD 2021
Slide 12: Non-GAAP Measures: Footnote Explanations
Non-GAAP Measures Footnote Explanations: (1) As reported in the Consolidated Statement of Operations. (2) Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives and investigations. (3) Consists of third-party costs su
Slide 13: Appendix
APPENDIX 13
Slide 14: Second Quarter 2021 Financial Summary by Reportable Segment
Second Quarter 2021 Financial Summary by Reportable Segment ($ millions) Advanced Traditional Digital Q2 2021 Actuals Materials & Brand Total Printing Printing Chemicals Revenue $ 169 $ 62 $ 54 $ 3 $ 288 Operational EBITDA (1) $ 6 $ - $ 1 $ 3 $ 10 Advanced Traditional Digital Q2 2020 Actuals Materia
Slide 15: Year-To-Date 2021 Financial Summary by Reportable Segment
Year-To-Date 2021 Financial Summary by Reportable Segment ($ millions) Advanced Traditional Digital YTD 2021 Actuals Materials & Brand Total Printing Printing Chemicals Revenue $ 317 $ 126 $ 100 $ 6 $ 549 Operational EBITDA (1) $ 11 $ - $ (3) $ 5 $ 13 Advanced Traditional Digital YTD 2020 Actuals Ma
Slide 16: Thank You
i < Thank You
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