Pyxus International, Inc. · OTC:PYYX
Pyxus International — Pyxus Intl Inc New — FY2025 Earnings Presentation
18 slides from Pyxus International's earnings presentation, Jun 10, 2025
Slide 1: Full Year and Fourth Quarter Fiscal 2025 Results
Full Year and Fourth Quarter Fiscal 2025 Results June 10, 2025
Slide 2: Our Presenters
Our Presenters Pieter Sikkel Dustin Styons President and Interim Chief Financial Officer Chief Executive Officer and Executive Vice President 2
Slide 3: Forward-looking Statements and Other Matters
Forward-looking Statements and Other Matters Cautionary Statement Regarding Forward-Looking Statements. Readers are cautioned that the statements contained in this presentation regarding expectations of our performance or other matters that may affect our business, results of operations, or financia
Slide 4: Exemplary Full Year Financial and Operational Performance
Exemplary Full Year Financial and Operational Performance We successfully managed market-wide supply constraints in FY25 • Benefitted from a well-designed and executed strategy and the ingenuity of our global teams • Consistent delivery of strong financial and operational performance throughout the
Slide 5: Delivered Strong Full Year Adjusted Free Cash Flow
Delivered Strong Full Year Adjusted Free Cash Flow* • Generated $152 million of adjusted free cash flow* for FY25 • 38-day improvement in average operating cycle • Inventory position reflects return to a more normalized purchasing cadence • Continued opportunities to improve cash flow through operat
Slide 6: Completed Full Year with Solid Fourth Quarter Performance
Completed Full Year with Solid Fourth Quarter Performance • Price escalation and volume gains drove revenue growth of 25% to $502 million • Gross profit rose to $67 million vs. $58 million in the fourth quarter of FY24 • Operating income doubled to $14 million vs. last year’s $7 million • Net intere
Slide 7: Ongoing Key Metric and Overall Credit Profile Improvement
Ongoing Key Metric and Overall Credit Profile Improvement • Net debt to Adjusted EBITDA* of 3.7 times is the lowest it has been in over 10 years • Retired $143 million of our long-term debt since March 1, 2024 * Non-GAAP measure. See Appendix for a reconciliation to the most comparable GAAP measure.
Slide 8: Guidance Provided for Fiscal Year 2026
Guidance Provided for Fiscal Year 2026 Full year revenues expected in a range between $2.3 billion and $2.5 billion Full year Adjusted EBITDA expected in a range between $205 million and $235 million • Larger crops expected following protracted period of undersupply conditions • Volume-driven growth
Slide 9: Questions & Answers
Questions & Answers Pieter Sikkel Dustin Styons President Interim Chief Financial Officer and Chief Executive Officer and Executive Vice President 9
Slide 10: Appendix
APPENDIX
Slide 11: Selected Q4 Income Statement Data
Selected Q4 Income Statement Data Three Months Ended Change (in millions) March 31, 2025 March 31, 2024 $ % Sales and other operating revenues $ 501.7 $ 401.4 $ 100.3 25.0 Cost of goods and services sold 434.5 343.4 91.1 26.5 Gross profit 67.2 58.0 9.2 15.9 Selling, general, and administrative expen
Slide 12: Selected Full Year Income Statement Data
Selected Full Year Income Statement Data Years Ended Change (in millions) March 31, 2025 March 31, 2024 $ % Sales and other operating revenues $ 2,481.3 $ 2,032.5 $ 448.8 22.1 Cost of goods and services sold 2,138.3 1,720.2 418.1 24.3 Gross profit 343.0 312.3 30.7 9.8 Selling, general, and administr
Slide 13: Selected Balance Sheet Data
Selected Balance Sheet Data Change (in millions) March 31, 2025 March 31, 2024 $ % Assets Current assets Cash and cash equivalents $ 78.3 $ 92.6 $ (14.3) (15.4) Restricted cash 7.3 7.2 0.1 1.4 Trade receivables, net 189.2 168.8 20.4 12.1 Other receivables 15.0 18.7 (3.7) (19.8) Inventories, net 762.
Slide 14: Appendix - Adjusted EBITDA
Appendix - Adjusted EBITDA Fiscal Years Ended (in thousands) March 31, 2025 March 31, 2024 March 31, 2023 Net income (loss) attributable to Pyxus International, Inc. $ 15,166 $ 2,663 $ (39,141) Plus: Interest expense 133,108 132,174 118,458 Plus: Income tax expense 25,053 27,281 34,127 Plus: Depreci
Slide 15: Appendix – Adjusted EBITDA Footnotes
Appendix – Adjusted EBITDA Footnotes 1. Earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), adjusted free cash flow, and Net Debt are not measures of results of operations, cash flows
Slide 16: Appendix - Net Debt to Adjusted EBITDA & Interest Coverage
Appendix - Net Debt to Adjusted EBITDA & Interest Coverage Fiscal Years Ended (in thousands) March 31, 2025 March 31, 2024 March 31, 2023 Total debt $ 849,892 $ 1,017,340 $ 1,001,049 Less: Cash 78,254 92,569 136,733 Net debt (1) $ 771,638 $ 924,771 $ 864,316 Net debt /Adjusted EBITDA (1) 3.70x 4.77x
Slide 17: Appendix – Adjusted Free Cash Flow
Appendix – Adjusted Free Cash Flow Fiscal Years Ended (in thousands) March 31, 2025 March 31, 2024 March 31, 2023 Net cash used in operating activities $ (13,386) $ (214,970) $ (137,822) Capital expenditures (23,028) (21,043) (16,307) Collections from beneficial interests in securitized trade receiv
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