Second Quarter 2022 Conference Call slide image

Second Quarter 2022 Conference Call

Second Quarter 2022 Financial Highlights Record Adjusted EBITDA and strong margin performance ● ● Revenue increased YoY driven by higher TiO₂ revenues Income from operations of $190M and net income of $375M due to the reversal of a portion of the valuation allowance in Australia relating to deferred tax assets Effective tax rate of (147)%; -22% normalized Q2 ETR¹ GAAP Diluted EPS of $2.37, an increase of 415% YoY, and Adjusted Diluted EPS of $0.84, an increase of 38% YoY Adjusted EBITDA of $275M, slightly above the midpoint of guidance; Adjusted EBITDA margin of 29.1%, up 350bps YoY, owing to improved pricing and favorable product mix Revenue TRONOX Income from Operations Net Income GAAP Diluted EPS Adjusted Diluted EPS Adjusted EBITDA Adj. EBITDA Margin % Free Cash Flow Q2 '22 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 $945 $ 190 $375 $ 2.37 $ 0.84 $275 29.1% Q2 '21 $ (67) $927 $150 $77 $ 0.46 $0.61 $ 237 25.6% YoY % A 2% 27% 387% 38% 16% 350 bps Q1 '22 QoQ % A 415% $0.10 $ 965 $150 (145)% $69 $16 Returned $66M to shareholders in Q2 through share repurchases and dividend payments Note: All figures are US$ in millions unless otherwise noted. See appendix reconciliations for non-GAAP financial measures. 1. Normalized for valuation allowance reversal and loss on debt extinguishment. $ 0.60 $ 240 24.9% $ 86 (2)% 175% n/m n/m 40% 15% 420 bps (178)% 7
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