Investor Presentaiton
Strong Financial Position and Ample Liquidity (As of 6/30/22, $M)
FY 2022E NET CASH FROM
$3,500
OPERATIONS $1.4-1.7B
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
-$500
-$1,000
-$1,500
-$2,000
$M
Litigation Settlement
2021A
Change in Working Capital & Other
■D&A
■Net Income
LEVERAGE1 (x)
CAPITAL EXPENDITURES ($M)
2.3x
0.6x-0.7x
$954M
$1.3 -$1.5B
2022E
2021A
2022E
2021A
2022E
.
•
•
Expect to be free cash flow positive in
2022
Recent $1.7B debt issuance
strengthens liquidity and reduces
repayment risk in a volatile
environment.
$931M cash and cash equivalents
$3.5M total debt (92% fixed rate)
Weighted average interest of 3.85%
Net debt to adjusted EBITDA is 1.7x
Working capital typically averages
-25% of net sales
Committed to maintaining Investment Grade credit rating
1 Leverage defined as consolidated net funded debt to consolidated EBITDA ratio; 2022E leverage assumes FY 2022E
Adjusted EBITDA guidance of $3.2B to $3.5B
10
MAKING THE WORLD SAFE AND SUSTAINABLE
ALBEMARLEView entire presentation