JP Morgan Global High Yield & Leveraged Finance Conference
2021 Accomplishments
• Record 2021 revenue of $3.6 billion and adjusted EBITDA of $947 million, driven by the Company's record TiO2
and zircon volumes
Free cash flow of $468 million for 2021 and invested over $270 million in key capital projects
Financial
Highlights
Balance
Sheet
2022
Outlook
ESG
Total debt balance of $2.6 billion after paying down $745 million of debt
• Net leverage at YE2021 of 2.5x ahead of our previously stated timeline of achieving $2.5 billion gross debt and
2.0x - 3.0x net leverage by 2023
First significant near-term maturity in 2025
•
●
Anticipate strong TiO₂ and zircon demand trends to continue
-FY 2022 EBITDA expected to be $1.025-$1.125 billion
-Anticipate $400+ million of FCF for the year after $375 - $400 million of capital expenditures
Set our targets for 2050 and the detailed and substantive roadmap to achieve these goals
Enhanced Board level oversight of our ESG efforts
Achieved a Platinum Rating by EcoVadis, the highest level of recognition awarded
Committed to be fully compliant with applicable TCFD and SASB disclosure standards when the next
sustainability report is released in 2022
TRONOX
Tronox Holdings plc | © 2022
4View entire presentation