Investor Presentaiton
LSB
INDUSTRIES
Free Cash Flow Supports Investment in Growth
■ Financial flexibility bolstered by substantial
Free Cash Flow generated in 2022
■ Additional significant free cash flow
generation expected in 2023
■ Significant Net Operating Loss (NOL)
carryforwards expected to minimize cash
taxes for next several years
■ CAPEX of $60-$80 million expected in 2023
related to investments in plant reliability,
EH&S and maintenance
$52
31%
Free Cash Flow and FCF Conversion % (1)
($Millions)
$300
79%
FY21A
FY22A
$35
FY21A
Generating
continued
significant
free cash flow
in 2023
FY23E
CAPEX
($Millions)
$60-$80
$54
(2)
FY22A
FY23E
(1) Free Cash Flow is defined as Cash Flow from Operations - CapEx. Free Cash Flow Conversion calculated as (Operating Cash Flow - Capital Expenditures) / EBITDA
(2) Represents total capex incurred during 2022 of which $46 million was paid during the period
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