Tronox Holdings Plc · NYSE:TROX

Tronox — SunTrust Robinson Humphrey (March 2020)

8 slides from Tronox's conference presentation, Mar 26, 2020

  1. Slide 1: Investor Update

    Investor Update Tronox Holdings plc March 26, 2020 © 2020 Tronox Holdings plc. | All rights reserved. | tronox.com

  2. Slide 2: Safe Harbor Statement and Non-U.S. GAAP Financial Terms

    Safe Harbor Statement and Non-U.S. GAAP Financial Terms Cautionary Statement about Forward-Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking

  3. Slide 3: COVID-19 Protocols

    COVID-19 Protocols Protecting Our Employees and Our Business • Prioritize the safety, health and well-being of our employees and their families • Ensure we operate safely in all respects while preserving our ability to run our business • All non-production and non-essential employees with remote cap

  4. Slide 4: Operations & Supply Chain Update

    Operations & Supply Chain Update • All operations are currently running at planned production levels to meet continued demand • Fuzhou, China site has been fully operational since February 23rd • Where relevant, our operations have been designated as essential in jurisdictions facing current restric

  5. Slide 5: Commercial Update

    Commercial Update • Solid demand for Q1, including March, across our end markets with minimal order cancellations ‒ Order book continues to build for April • Seeing some temporary customer plant closures in highly restricted countries across our customer base • More customer plant closures in the co

  6. Slide 6: Update on Q1 2020 Performance

    Update on Q1 2020 Performance • Tronox’s Q1 2020 is concluding better than • Q1 2020 Outlook: anticipated ‒ Revenue of $700 – $730 million • The situation is and will remain very dynamic as we move through the second and third quarters, ‒ Adjusted EBITDA of $160 – $170 million and possibly through t

  7. Slide 7: Liquidity and Capital Resources

    Liquidity and Capital Resources (1) Pro Forma as of March 20, 2020 Pro Forma • Tronox’s current liquidity is $542 (US$ in millions) March 20, 2020 million Cash and cash equivalents $ 447 • Cash is well distributed across Available under the Wells Fargo Revolver 67 regions; no trapped cash Available

  8. Slide 8: Strong Financial Position

    Strong Financial Position We remain confident in our financial position and have multiple levers to pull • Current net leverage is unchanged from the end of 2019 at 4.0x • Term Loan matures in September 2024 and senior notes are due in 2025 and 2026 • No significant financial maintenance covenants ‒

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