Venator Business Overview and Cost Savings Initiatives
2023 2027E Germany Cash Flow
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2023-27E Germany Cash Flow
VENATOR
H1'23E H2'23E
2023E 2024E
2025E
2026E
2027E
1 EBITDA
(49)
(1)
(50)
(0)
38
52
56
2 Capex
(9)
(10)
(19)
(32)
(20)
(20)
(20)
Change in Working Capital
(32)
34
2
9
(22)
(0)
1
3 Operational Restructuring
(25)
(33)
(15)
(27)
Total Cash Flow
(90)
23
(67)
(48)
(36)
17
10
1 Exit of loss-making Duisburg TiO2 business while retaining Duisburg FAD business and strengthening
Uerdingen site via transfer of specialty grades from Duisburg
2 Capex required for decoupling FAD business at Duisburg, specialty grade transfer and de-bottlenecking
at Uerdingen as well as maintenance capex at both sites
Operational restructuring costs for Germany primarily consist of severance, ongoing site costs and
demolition and remediation
53
Note:
Excludes c.$18m Iron Oxide sales proceeds that are allocable to Germany
Germany EBITDA includes c.$7m allocated SG&A p.a.View entire presentation