Eastman Kodak Company · NYSE:KODK

Eastman Kodak — Q1 2021 Earnings Presentation

15 slides from Eastman Kodak's earnings presentation, May 12, 2021

  1. Slide 1: First Quarter 2021 Earnings Call

    First Quarter 2021 Earnings Call May 12, 2021

  2. 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

  3. 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

  4. Slide 4: CEO Perspective

    CEO Perspective • Ended the first quarter of 2021 with $401 million in cash resulting from our strategic initiatives which we began more than two years ago as part of our long-term strategy, including the financing transactions announced on March 1, 2021. • Significantly strengthened the balance she

  5. Slide 5: CEO Perspective

    CEO Perspective • An example of this strategic focus is our innovations in the areas of Print, Advanced Materials and Chemicals as displayed at virtual Drupa 2021: • The KODAK MAGNUS Q4800 Platesetter, a new solution for extra-large format plate imaging. • The KODAK MAGNUS Q800 Platesetter with T-sp

  6. Slide 6: First Quarter 2021 Financing Transactions

    First Quarter 2021 Financing Transactions • On March 1, 2021, announced a series of financial transactions that provide access to new capital, address maturing obligations, and strengthen the Company’s ability to invest in strategic growth opportunities in print, advanced materials and chemicals. •

  7. Slide 7: First Quarter 2021 Results

    First Quarter 2021 Results (Decline) / Improvement - ($ millions) Q1 2021 Q1 2020 $ Consolidated Revenue $265 $267 ($2) Less: Favorable Impact of Foreign Exchange 2 ($9) Adjusted Consolidated Revenue $256 $267 ($11) Net Income (Loss) $6 ($111) $117 Changes in Fair Value of Embedded Derivative Liabil

  8. Slide 8: First Quarter 2021 Cash Flow

    First Quarter 2021 Cash Flow Three Months Ended March 31, ($ Millions) 2021 2020 Change Primary Drivers of Cash: Cash from Operations: Net income (loss) $ 6 $ (111) $ 117 Depreciation and amortization 8 10 (2) Pension income (21) (22) 1 $16M Year-Over-Year $3M Use of Change in fair value of embedded

  9. Slide 9: Non-GAAP Measures

    Non-GAAP Measures In this first 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 imp

  10. Slide 10: Non-GAAP Measures

    Non-GAAP Measures The following table reconciles the most directly comparable GAAP measure of Net Income (Loss) to Adjusted Net Income for the three months ended March 31, 2021 and 2020, respectively: (in millions) Q1 2021 Q1 2020 $ Change Net Income (Loss) $ 6 $ (111) $ 117 Changes in Fair Value of

  11. 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 and Adjusted Operational EBITDA for the three months ended March 31, 2021 and 2020, respectively: (in millions) Q1 2021 Q1 2020 $ Change Net Income (Loss) $ 6 $ (111)

  12. Slide 12: Non-GAAP Measures

    Non-GAAP Measures Footnote Explanations: (1) Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives and investigations. (2) Consists of third-party costs such as security, maintenance, and utilities required to mainta

  13. Slide 13: Appendix

    APPENDIX 13

  14. Slide 14: First Quarter 2021 Financial Summary by Reportable Segment

    First Quarter 2021 Financial Summary by Reportable Segment ($ millions) Advanced Traditional Digital Q1 2021 Actuals Materials & Brand Total Printing Printing Chemicals Revenue $ 148 $ 64 $ 46 $ 3 $ 261 Operational EBITDA (1) $ 5 $ - $ (4) $ 2 $ 3 Advanced Traditional Digital Q1 2020 Actuals Materia

  15. Slide 15: Thank You

    i < Thank You

Eastman Kodak Company — Q1 2021 Earnings Presentation on 6ix