Tronox Holdings Plc · NYSE:TROX
Tronox — Investor Presentation (October 2010)
7 slides from Tronox's investor presentation, Oct 5, 2010
Slide 1: Forward Looking Statements
Forward Looking Statements Information in this presentation regarding the company's or management's intentions, beliefs or expectations, or that otherwise speak to future events, are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, an
Slide 2: Transaction Overview
1 Transaction Overview Tronox Incorporated ("Tronox" or the "Company") is currently working with all constituents to finalize its chapter 11 plan of reorganization to emerge from bankruptcy with core operations at Hamilton (Mississippi), Henderson (Nevada), Botlek (The Netherlands) and the Tiwest Jo
Slide 3: Current and Pro Forma Capitalization
2 Current and Pro Forma Capitalization 2 2 Notes: (1) Does not include the $350mm of Senior Notes that are subject to compromise and will be equitized / cancelled post-emergence. (2) EBITDAR is pro form to exclude the impact of operations at Savannah, Georgia and Uerdingen, Germany. (3) Current cash
Slide 4: Historical Volumes and Capacity Utilization
3 3 3 Legacy Tronox capacity utilization averaged approximately 93% from 2004 through 2009 Strong utilization expected to continue / increase due to facility rationalization and consolidated of production volumes Including the TiO2 produced by the Company's Australian facility, Tronox produced appro
Slide 5: Strong Financial Momentum
Net Sales EBITDAR (% margin) (1) Strong Financial Momentum Source: Tronox management, unaudtied. Historical results and 2010P are pro forma to exclude the impact of operations at Savannah, Georgia and Uerdingen, Germany. These will not be part of Reorganized Tronox and are thus excluded from the pro
Slide 6: Historical and Projected Capital Expenditures (Consolidated)
5 5 Historical and Projected Capital Expenditures (Consolidated) Capital Expenditures (% of net sales) Note: Historical results and 2010P are pro forma to exclude the impact of operations at Savannah, Georgia and Uerdingen, Germany. These will not be part of Reorganized Tronox and are thus excluded
Slide 7: Projected Liquidity and Credit Statistics
Projected Liquidity ($MM) Funds From Operations / Cash Interest EBITDAR / Cash Interest Expense Net Debt / EBITDAR (1) Projected Credit Statistics Note: (1) Net of $30 million of minimum operating cash