Investor Presentaiton
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Bromine Overview
Y/Y Q2 Performance Drivers
•
•
Net sales up 35% (price³ +31%, volume +4%); adjusted EBITDA +46%
Favorable pricing driven by robust demand and tight market conditions
Increase in net sales partially offset by higher costs for raw materials and freight
FY 2022 Outlook (as of 8/3/2022)
•
Bromine FY 2022 adj. EBITDA is expected to be +25-30% Y/Y, above previous
outlook primarily due to higher pricing
•
FY 2022 volume is expected to increase 5-10% Y/Y following successful execution of
growth projects in 2021
Q2 2022 Performance
(in millions)
Net Sales
Net Sales ex FX1
Adj. EBITDA4
Q2 2022
Y/Y
$378
+35%
$383
+37%
$136
+46%
$141
+52%
36%
+280 bps
Adj. EBITDA Margin ex FX1,4
37%
+352 bps
Adj. EBITDA ex FX1,4
Adj. EBITDA Margin4
•
Strength in fire safety and clear completion fluids markets; benefit from end-markets
diversity and macrotrends such as digitalization and electrification
•
Drivers/Sensitivities
Fire Safety Solutions (~60% of sales2): Primary driver - digitization, electrification
Industrial and consumer electronics, automotive, construction, appliances
Oilfield Services (~10% of sales²): Primary driver - oil price
Deep water and off-shore drilling
MAKING THE WORLD SAFE AND SUSTAINABLE
Historical Trend (TTM)
Adjusted EBITDA
Adjusted EBITDA Margin
$395M
$355M
$361M
$361M
$438M
34%
33%
33%
33%
32%
2Q21
3Q21
4Q21
1Q22
2Q22
Note: Numbers may not reconcile due to rounding. 1 Net of FX impacts. 2 Sales based on historical average. 3 Includes FX impact. 4 See
appendix for non-GAAP reconciliations.
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