Slide 1: Cabot Earnings Teleconference First Quarter Fiscal 2025
CABOT EARNINGS TELECONFERENCE First Quarter - Fiscal 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. All statements that address expectations or projections about the future, including with respect to our expectations for our performance in the second quarter of and fiscal year 2025, including our expectations for per
Slide 3: Q1 2025 Highlights
Q1 2025 Highlights Q1 GAAP EPS of $1.67; Adjusted EPS1 of $1.76 up 13% year 1 over year Reinforcement Materials segment EBIT of $130 million; up 2 1% year over year Performance Chemicals segment EBIT of $45 million; up 3 32% year over year Cash Flows from Operations of $124 million; returned $66 4 m
Slide 4: Robust Levels of Cash Generation Supports Growth Investments and Cash Return to Shareholders
Robust Levels of Cash Generation Supports Growth Investments and Cash Return to Shareholders Strong cash generation to fund high growth investments while returning cash to shareholders Capital expenditures of $77 million in Q1 FY25 which included high confidence, high-return investments Paid $24 mil
Slide 5: Investor Day Takeaways
Investor Day Takeaways Right Strategy "Creating Technology Aligned with Growth Objectives Capital Allocation for Tomorrow" Key Macro-trends Grow Changing Mobility Targeting 3-year Adj. Strong cash flow Landscape EPS1 CAGR of 7-10% generation Innovate Global Infrastructure Growth driven
Slide 6: Q1 2025 Financial Highlights
Q1 2025 Financial Highlights Adjusted EPS1 Cash Flow from Operations $1.76 $124 million Diluted EPS $1.67 Discretionary Free Cash Flow1 of $114M Capex Cash and Cash Equivalents $77 million $183 million FY25 expected to be in the range of $250M - $300M Debt Balance $1.2 billion Operating Tax Rate1 Li
Slide 7: Reinforcement Materials Segment
Reinforcement Materials Segment Operating Performance Q1 2025 RESULTS SEGMENT EBIT & EBITDA Q2 2025 OUTLOOK ($ in millions) Global volumes up 1% year-over- Expect modest sequential EBIT year from growth in Asia Pacific improvement from improved and EMEA $146 $147 geographic mix +1% Favorable p
Slide 8: Performance Chemicals Segment
Performance Chemicals Segment Operating Performance Q1 2025 RESULTS SEGMENT EBIT & EBITDA Q2 2025 OUTLOOK ($ in millions) Volumes up 8% year-over-year Expect modest sequential EBIT $65 as volumes reconnected to improvement underlying demand drivers in key end markets Volume growth expected due
Slide 9: Fiscal 2025 Outlook
Fiscal 2025 Outlook Operating Cash Flow Continue Disciplined Growth Projects Reaffirming Adjusted Outlook Remains Capital Allocation Remain on Track EPS1 Guidance Range Strong Framework $7.40 to $7.80 adjusted Higher year-over-year Support growth Reinforcing carbons EPS1 expected for fiscal
Slide 10: Q&A
Q&A Q1 FISCAL 2025 10
Slide 11: Appendix
Appendix Q1 FISCAL 2025 11
Slide 12: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation includes references to adjusted earnings per share (EPS), total segment EBIT, segment EBITDA, adjusted EBITDA, free cash flow, discretionary free cash flow, and operating tax rate, which are non-GAAP measures. Reconciliations of Adjusted EPS to ne
Slide 13: Non-GAAP Financial Measures: Adjusted EPS
Non-GAAP Financial Measures Adjusted EPS Fiscal 2025 (A) Dec. Q Mar. Q June Q Sept. Q FY 2025 Reconciliation of Adjusted EPS to GAAP EPS Net income (loss) per share attributable to Cabot Corporation $ 1.67 $ — $ — $ — $ 1.67 Less: Certain items after tax per share (0.09) — — — (0.09) Adjusted earnin
Slide 14: Non-GAAP Financial Measures: Total Segment EBIT and Adjusted EBITDA
Non-GAAP Financial Measures Total Segment EBIT and Adjusted EBITDA Our Chief Operating Decision Maker uses segment income (loss) from continuing operations before interest and taxes (which we refer to as segment “EBIT”) to evaluate the operating results of each segment and to allocate resources to t
Slide 15: Non-GAAP Financial Measures: Segment EBITDA
Non-GAAP Financial Measures Segment EBITDA Segment EBITDA is comprised of Segment EBIT plus depreciation and amortization. Management believes that Segment EBITDA is useful supplemental information because it provides investors with a view of the cash generated by each of the Company’s segments, whi
Slide 16: Free Cash Flow and Discretionary Free Cash Flow
Non-GAAP Financial Measures Free cash flow (FCF) & Discretionary free cash flow (DFCF) Dollars in millions Fiscal 2025 Reconciliation of Free Cash Flow and Discretionary Free Cash Flow to Cash provided by (used in) operating activities Dec. Q Cash provided by (used in) operating activities (B) $ 124
Slide 17: Non-GAAP Financial Measures: Operating Tax Rate
Non-GAAP Financial Measures Operating Tax Rate TABLE 3: RECONCILIATION OF EFFECTIVE TAX RATE TO OPERATING TAX RATE Three months ended December 31 2024 2023 (Provision) / Benefit for (Provision) / Benefit Dollars in millions (unaudited) Income Taxes Rate for Income Taxes Rate Effective Tax Rate $ (41