Second Quarter 2022 Conference Call
Commercial Performance
Improved pricing supporting commercial performance
Price
●
Volume
TiO₂ volumes slightly below expectations due to China
COVID lockdowns and ongoing supply chain challenges
●
Improved pricing in TiO₂ across all geographies, driven by
the continuation of regional pricing initiatives
Pricing momentum continued in zircon market
• Zircon volumes impacted by logistics challenges and
shipping delays in Australia and South Africa
2021 volumes benefited from sales from inventory
●
Feedstock sales lower due to lower pig iron volumes,
partially offset by higher average selling prices
Currency
●
Strengthening USD was a headwind to revenue due to
unfavorable translation impacts, primarily from the
weakening of the Euro
Revenue
TiO₂
Zircon
Feedstock & Other
TRONOX
TiO₂
Local Currency
Zircon
Q2'22 vs Q2'21 Revenue
$175
$927
Q2 2021 Price
$131
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Q2 '22
$ 945
769
111
65
$26
Q2 '21
$945
$ 927
740
121
66
YOY % A
Volume
(9)%
n/a
(38)%
YOY % A
2%
4%
(8)%
(2)%
$965
Volume / Currency Q2 2022
Mix
Note: All figures are US$ in millions unless otherwise noted. Comparisons are year-over-year unless otherwise stated. Bridge amounts may not add across due to rounding.
Price
15%
19%
47%
Q1 2022
$43
Q1 '22
Price
$ 965
773
108
84
Q2'22 vs Q1'22 Revenue
Volume
(3)%
n/a
(5)%
QoQ % A
(2)%
(1)%
3%
(23)%
QoQ % A
$49
Price
2%
4%
8%
$14
$945
Volume / Currency Q2 2022
Mix
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