Driving Shareholder Returns
26
Progress Against Our Strategic Priorities
Improve earnings quality of our Titanium
Technologies segment
➤ Launched TT Transformation Plan to drive approx. $100
million run-rate cost savings in '24
Drive sustainability led growth in TSS through low
GWP refrigerants and specialized solutions, plus
market-driven innovation
Drive sustainability led growth in APM through Clean
Energy and Advanced Electronics investments; lead
the industry in responsible manufacturing
Manage and resolve legacy liabilities consistent
with the CC/DD/CTVA MOU
Maintain focus on prudent capital allocation strategy
to unlock value
Achieved quarterly Net Sales record in 3Q'23
➤ Announced development of two-phase immersion
cooling product: Opte on TM 2P50
Granted U.S. Department of Energy award to ARCH2
hydrogen hub, with CC as a project partner
➤ Achieved 11% YTD top-line growth in PS portfolio
Obtained preliminary approval of comprehensive PFAS
settlement with a defined class of US public water
systems and funded water district settlement fund
➤ Completed sale of Glycolic Acid business, cash
proceeds of $138 million
➤ Refinanced TLB upsized by ~$400 million
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