Venator Materials PLC · OTC:VNTRF
Venator Materials — 2022 JP Morgan Global High Yield and Leveraged Finance Conference
14 slides from Venator Materials's conference presentation, Mar 1, 2022
Slide 1: 2022 JP Morgan Global High Yield and Leveraged Finance Conference
2022 JP Morgan Global High Yield and Leveraged Finance Conference March 1, 2022
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters This presentation includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements include statemen
Slide 3: Venator Snapshot
Venator Snapshot(1) Leading global chemical company FY21(1) Revenue (mm) (1) $2,202 Adj. EBITDA (mm)(1) $180 % margin(1) 8% Titanium Dioxide Performance Additives(1) Segment FY21 FY21(1) Revenue (mm) $1,665 Revenue (mm) $537 Adj. EBITDA (mm)(2) $165 Adj. EBITDA (mm)(2) $65 % margin(1) 11% % margin(1
Slide 4: Titanium Dioxide
Titanium Dioxide TiO2 fundamentals remain intact End Markets Quarterly Adjusted EBITDA History(1) FY21 2021 Revenues Source: Management Estimates $ in millions 31% 31% 32% 29% Fibres & films Agriculture & Water Other Segment 6% 1% 1% 18 23 Personal Care, Food, Pharmaceuticals & 23% 20 Revenues $1.7
Slide 5: Performance Additives
Performance Additives(1) Improving earnings profile End Markets(1) Quarterly Adjusted EBITDA History(1)(2) FY21(1) 2021 Revenues Source: Management Estimates $ in millions Personal Care, Fibres & Other Food, films 3% Architectural 17% 17% Pharmaceuticals & Active Materials 4% coatings 14% 14% 14% 15
Slide 6: Performance Additives Product overview
Performance Additives(1) Product overview Average EBITDA(1)(2)(3) % split Product Characteristics & Uses Competition Benefit Functional Barium and Zinc Additives Fillers that enhance the gloss and Strong EBITDA margins flow of paints and the mechanical Additives Complementary and common proper
Slide 7: Driving Further Cost Reduction
Driving Further Cost Reduction Actions substantively complete to capture full delivery of benefits $ in millions 2020 BIP Highlights Timing (a) $ in millions ~$75 2020 Business Improvement Program $71 Non-recurring has delivered >$50 million of benefits to COVID-19 savings date compared to 2019 ba
Slide 8: Focused on Maximizing Shareholder Value
Focused on Maximizing Shareholder Value Maximize Shareholder Value Focus on Customer- Enhance Improve Environmental specialty & tailored competitive free cash flow Social differentiated approach position generation Governance products Increasing Growth in higher Driving Reduce cash Strengt
Slide 9: Appendix
VENATOR Appendix
Slide 10: Pro Forma Adj. EBITDA Reconciliation
Pro Forma Adj. EBITDA Reconciliation $ in millions 2017 2018 2019 2020 1Q21 2Q21 3Q21 4Q21 2021 Net (Loss) / Income $ 144 $ (157) $ (170) $ (105) $ (20) $ (22) $ (47) $ 15 $ (74) Net income attributable to noncontrolling interests (10) (6) (5) (7) (1) (1) – (1) (3) Net income of discontinued operati
Slide 11: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 11
Slide 12: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 12
Slide 13: Reconciliation of U.S. GAAP to Non-GAAP Measures
Reconciliation of U.S. GAAP to Non-GAAP Measures See Appendix for reconciliations and important explanatory notes 13
Slide 14: Appendix
Appendix (1) Our management uses adjusted EBITDA to assess financial performance. Adjusted EBITDA is defined as net income/loss before interest income/expense, net, income tax expense/benefit, depreciation and amortization, and net income attributable to noncontrolling interests, as well as eliminat
Venator Materials — 2022 JP Morgan Global High Yield and Leveraged Finance Conference on 6ix