Investor Day
The Transformation of Tronox
Transformative
Actions
ESG
Dividends
and Share
Repurchases
TRONOX
2019
Redomiciled to the UK
from Australia
Closed transformative $2.2B
acquisition of the Cristal TiO₂
business from The National
Titanium Dioxide Company Ltd.
of Saudi Arabia
Realized $89M in synergies
from Cristal acquisition vs.
$40M target
Restored or rehabilitated
over 23,000 acres of land
Repurchased 14M shares from
Exxaro (largest insider at the
time) for $14.32 per share
Repurchased $288M in shares
2020
Realized $220M target in
Cristal acquisition synergies
two years ahead of schedule;
delivered $243M in total
synergies
Launched new TRON, a
global, digital transformation
Named John Romano and
Jean-François Turgeon
interim co-CEOs
Achieved best safety
performance in
company history
Increased annual dividend
to $0.28 from $0.18 per share
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2021
Appointed John Romano and
Jean-François Turgeon
co-CEOs
Exercised "flip in" for Exxaro's
26% ownership of South Africa
entities; Exxaro sells
remaining shares in Tronox
Record financial performance
Set bold ESG targets to align
with global warming scenario
below 2° C and achieve net
zero GHG emissions by 2050
Reorganized BoD committee
structure to enhance ESG
oversight
Increased annual dividend
to $0.40 per share
Announced $300M share
repurchase program
2022
Achieved 20th quarter of
EBITDA Margin >20%
Attained communicated
debt target of $2.5B
Credit ratings upgraded to
B+ / Positive & Ba3 / Stable
Guided >$1B Adj. EBITDA
Jazan produces initial slag
from Furnace 1
Set accelerated GHG
emissions targets
Announced significant
renewable energy project in
South Africa
Increased annual dividend
to $0.50 per share
Repurchased $25M in
shares YTD
2022 Tronox Investor Day
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