Tronox Holdings Plc · NYSE:TROX
Tronox — UBS Global Chemicals Conference 2015
10 slides from Tronox's conference presentation, Sep 9, 2015
Slide 1: Tronox Limited, UBS Global Chemicals Conference
Tom Casey, Chairman and CEOTronox LimitedUBS Global Chemicals ConferenceSeptember 9, 2015 www.tronox.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this release that are not historical are forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncer
Slide 3: Tronox TiO2 – $600 million Incremental Cash Flow over 2015-2017
Tronox TiO2 – $600 million Incremental Cash Flow over 2015-2017 by Reducing Operating Costs and Working Capital Tronox suspended production at 1 of 6 processing lines at our Hamilton pigment plant and 1 of 4 processing lines at our Kwinana pigment plant; curtailments represent ~15% of total pigment
Slide 4: Integrated TiO2 Value Chain
4 Integrated TiO2 Value Chain Titanium-Bearing Mineral Sands Zircon Ilmenite Synthetic Rutile TitaniumSlag Pig Iron Natural Rutile Leucoxene Feedstock TiO2 Pigments Markets
Slide 5: Tronox Alkali
Tronox Alkali Tronox Alkali world’s largest producer of natural soda ash used by customers in the glass, detergent and chemical mfg.Cash costs for US natural producer of soda ash ~35% less than lowest cost synthetic producerEnables U.S. natural soda ash producers to have sustainable competitive adva
Slide 6: Alkali Chemicals - Accretion and Cost Savings
In first full year following closing, expected to:be more than $0.50 accretive to EPSgenerate ~$130 million incremental operating cash flow; andrealize $30 million after-tax cash savings in year 1; $60 million after-tax cash savings in year 3Essentially 100% of Alkali Chemicals’ revenue is booked in
Slide 7: Liquidity Profile
Liquidity Profile 7 $972m net working capital and $610m incremental liquidity available as of 30 June 2015 Available Liquidity Net Working Capital Current Assets Cash and cash equivalents $ 205 Accounts receivable 472 Inventories, net 780 Prepaid and other assets 75 Total Current Assets $ 1,532 Curr
Slide 8: Debt Maturities and Financial Maintenance Covenants
Debt Maturities and Financial Maintenance Covenants No meaningful maturities until 2020; annual 1% payment on term loanNo financial maintenance covenants on term loan or high yield notes48% of total indebtedness set at a fixed rate Maturity Rate 2Q15 $500M ABL Revolver 2020 L+1.50% 150 1.3B ZAR ABSA
Slide 9: Tronox Strategic Focus
Tronox Strategic Focus Tronox has transitioned to stronger model with the operation of two vertically integrated businesses2015 a transitional year for TiO2 -- continued challenges in the global market, however, industry appears to be responding to changes in global demand caused by slowing of Chine
Slide 10: www.tronox.com
www.tronox.com