Slide 1: Third Quarter 2017
Third Quarter 2017 November 2, 2017
Slide 2: Safe Harbor
Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or o
Slide 3: Non-GAAP Information
Non-GAAP Information To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company uses the following non-GAAP financial measures: EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA guidance, adjuste
Slide 4: Platform Third Quarter Results
Platform Third Quarter Results Constant Currency1* Organic2* • Net sales grew 2% driven by organic growth in Performance Solutions and partially offset by a decline in ($ in millions) Q3 2017 Q3 2016 YoY% Q3 2017 YoY% YoY% Agricultural Solutions’ LatAm region due to drought conditions in Brazil Net
Slide 5: Performance Solutions Results
Performance Solutions Results Net Sales $ in millions • Net sales increased by $26 million over 3Q16 due to 500 481 organic growth in all business units excluding 17 Graphics. Moderate FX tailwinds also contributed to 480 3 6 464 growth 460 455 440 • FX tailwind driven mainly by EUR 420 • $3 million
Slide 6: Agricultural Solutions Results
Agricultural Solutions Results Net Sales $ in millions • Net sales decreased $12 million over 3Q16 driven by 450 9 445 softness in Latin America and EMEA partially offset 440 436 by volume growth in North America 430 424 • FX tailwind driven primarily by the BRL and 420 (21) EUR 410 • Organic sales*
Slide 7: Balance Sheet & Cash Flow Considerations
Balance Sheet & Cash Flow Considerations Key Cash Flow Items Balance Sheet Management • Working capital release accelerated in Q3 in line with • Debt repricings drove ~$12 million of interest savings vs seasonal patterns Q3 of 2016 • YTD working capital build of $104M improved by • Quarter-over-quar
Slide 8: Separation Update
Separation Update • On-track for mid-2018 separation • Operational separation workstreams focused on areas of functional overlap to establish two independent companies • Commercial organizations, supply chains and legal entities all standalone • Change management processes established in all regions
Slide 9: Full Year 2017 Guidance – Q3 Update
Full Year 2017 Guidance – Q3 Update Performance Solutions Agricultural Solutions Market Commentary • Modest global GDP expectations with • Modest recovery assumed in global slower growth in Europe commodity prices • US automotive units moderating • Ag chemical markets expected to be • Low-single-dig
Slide 10: 2017 Priorities
2017 Priorities Execution: Build on Operating Momentum Focus Commercial Efforts on Fast Growing Niches Synergy Realization and Continuous Cost Improvement Generate Free Cash Flow and Reduce Leverage 10
Slide 11: Appendix
PLATFORM SPECIALTY PR UCTS CORPORATION rl Appendix a1
Slide 12: Capital Structure
Capital Structure $ millions Instrument Maturity Coupon 9/30/2017 Corporate Revolver ($500M) 6/7/2019 $25 Term Loan B5 - USD 1,2 6/7/2020 L + 350 604 Term Loan B6 - USD 1,3 6/7/2023 L + 300 1,225 Term Loan C4 - EUR 1,2 6/7/2020 E + 325 819 Term Loan C5 - EUR 1,3 6/7/2023 E + 275 764 Other Secured De
Slide 13: Reconciliation to Adjusted Share Counts
Reconciliation to Adjusted Share Counts (in millions) Q3 2017 Q3 2016 Basic outstanding shares 287 278 Number of shares issuable upon conversion of Series B Convertible Preferred Stock - 6 Number of shares issuable upon conversion of PDH Common Stock 5 8 Number of shares issuable upon conversion of
Slide 14: Net (Loss) Income Attributable to Common Stockholders Reconciliation to Adjusted EBITDA
Net (Loss) Income Attributable to Common Stockholders Reconciliation to Adjusted EBITDA (Amounts in millions) Q3 2017 Q3 2016 Net (loss) income attributable to common stockholders $(69) $105 Add (subtract): Gain on amendment of Series B Convertible Preferred Stock — (33) Net income (loss) attributab
Slide 15: GAAP Diluted EPS Loss Reconciliation to Adjusted Diluted EPS
GAAP Diluted EPS Loss Reconciliation to Adjusted Diluted EPS (amounts in millions, except per share amounts) Q3 2017 Q3 2016 GAAP diluted loss per share $(0.24) $(0.15) Weighted average shares outstanding 287 265 Net (loss) income attributable to common stockholders $(69) $105 Adjustments: Reversal
Slide 16: Quarterly Results Overview
Quarterly Results Overview 2016 2017 (Amount in millions) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Net Sales Performance Solutions $420 $438 $455 $457 $447 $462 $481 Agricultural Solutions 404 484 436 493 415 479 424 Total Net Sales $824 $922 $891 $950 $862 $941 $904 Adjusted EBITDA Performance Solutions $83 $98 $110 $
Slide 17: Organic Sales Growth and Constant Currency Net Sales Reconciliations
Organic Sales Growth and Constant Currency Net Sales Reconciliations Q3 2017 Organic Sales Growth Organic Reported Net Impact of Metals Acquisitions Sales Sales Growth Currency Growth Performance Solutions 6% (1)% (1)% —% 4% Agricultural Solutions (3)% (2)% —% —% (5)% Total 2% (2)% —% —% (1)% Q3 201
Slide 18: Non-GAAP Definitions
Non-GAAP Definitions Adjusted Earnings Per Share (EPS): Adjusted earnings per share is defined as net loss attributable to common stockholders adjusted to reflect adjustments consistent with our definition of adjusted EBITDA. Additionally, the company eliminates the amortization associated with (i)