GrafTech International Ltd. (NYSE:EAF) Q1 2023 Earnings Conference Call April 28, 2023 10:00 AM ET Company Participants Michael Dillon - Vice President of Investor Relations Marcel Kessler - President & Chief Executive Officer Jeremy Halford - Executive Vice President & Chief Operating Officer Timothy Flanagan - Chief Financial Officer, Vice President of Finance & Treasurer Conference Call Participants Operator Good day, ladies and gentlemen, and welcome to the GrafTech First Quarter 2023 Earnings Conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from______ to ______ Commission file number: 1-13888 GRAFTECH INTERNATIONAL LTD. (Exact name of registrant as specified in its charter) Delaware 27-2496053 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission file number: 1-13888 GRAFTECH INTERNATIONAL LTD. (Exact name of registrant as specified in its charter) Delaware 27-2496053 (State or other jurisdict ...

Financial Data and Key Metrics Changes - Net income for Q4 2022 totaled $50 million, resulting in a 20% net income margin and $0.20 earnings per share [31] - Adjusted EBITDA was $80 million, a decrease from $183 million in Q4 2021, reflecting lower sales volume and higher costs [31] - Cash costs per metric ton increased by 47% year-over-year, averaging nearly $5,200 for Q4 2022 [32][34] - Total liquidity increased by $27 million to approximately $462 million, consisting of $135 million in cash and $327 million available under the revolving credit facility [36] Business Line Data and Key Metrics Changes - Production volume in Q4 2022 was approximately 29,000 metric tons, representing a 36% year-over-year decline and a 22% sequential decline from Q3 2022 [24] - Sales volume for Q4 2022 was approximately 28,000 metric tons, a 37% decline from the same period in the prior year [26] - Fourth quarter shipments included 19,000 metric tons sold under long-term agreements (LTAs) at a weighted average realized price of $9,400 per metric ton [27] Market Data and Key Metrics Changes - Global steel production excluding China in Q4 2022 was approximately 194 million tons, an 11% decline compared to the same period in the prior year [21] - U.S. steel mill utilization rates trended higher since the end of the year, currently slightly above 73% [23] - European hot-rolled coil (HRC) prices reached $822 per ton as of the last week of Q4 2022 [22] Company Strategy and Development Direction - The company is focused on managing operating costs, capital expenditures, and working capital while reducing production volume to align with near-term demand [10][39] - GrafTech aims to capitalize on long-term demand growth driven by electric arc furnace steelmaking and the increasing demand for petroleum needle coke [11][41] - The company is making targeted investments to improve competitive positioning and support long-term growth, including the restart of operations in St. Marys, Pennsylvania [41][46] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2022 due to geopolitical conflicts, inflation, and supply chain pressures impacting demand for graphite electrodes [6][7] - The company expects significant impacts on sales volume in the first half of 2023 but anticipates recovery in the second half as market conditions improve [15][16] - Management remains optimistic about the long-term outlook for the business and the ability to deliver shareholder value [7][51] Other Important Information - The company experienced a significant shift in sales mix from LTAs to non-LTA business, with expectations for total graphite electrode sales volume in Q1 2023 to be between 15,000 and 18,000 metric tons [28][65] - The anticipated year-over-year increase in cash costs per metric ton for 2023 is projected to be in the range of 17% to 20% compared to 2022 [35] Q&A Session Summary Question: Clarification on St. Mary's restart - Management confirmed that St. Mary's is fully restarting, focusing on establishing a second complete value stream for pin production [54][55] Question: Expected sales volume for 2023 - Management clarified that sales volume for the first half of 2023 is expected to be approximately half of the first half of 2022, with a recovery anticipated in the second half [63][64] Question: Pricing outlook for needle coke and electrodes - Management indicated that needle coke pricing is currently in the range of $2,500 to $2,600, with expectations for upward movement in pricing due to increased demand [69][74]

GrafTech International Ltd. (NYSE:EAF) Q3 2022 Earnings Conference Call November 4, 2022 10:00 AM ET Company Participants Michael Dillon - Vice President of Investor Relations Marcel Kessler - President & Chief Executive Officer Jeremy Halford - Executive Vice President & Chief Operating Officer Timothy Flanagan - Chief Financial Officer, Vice President of Finance & Treasurer Conference Call Participants David Gagliano - BMO Capital Markets Arun Viswanathan - RBC Capital Markets Alex Hacking - Citi Research ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended September 30, 2022 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition p ...

GrafTech International Ltd. (NYSE:EAF) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Michael Dillon - Vice President, Investor Relations Marcel Kessler - Chief Executive Officer and President Jeremy Halford - Executive Vice President and Chief Operating Officer Timothy Flanagan - Chief Financial Officer, Vice President Finance and Treasurer Conference Call Participants David Gagliano - BMO Capital Markets Curt Woodworth - Credit Suisse Arun Viswanathan - RBC Capital Market ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2022 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period ...

Financial Data and Key Metrics Changes - Net income for Q1 2022 totaled $124 million, translating to $0.47 GAAP earnings per share and $0.48 adjusted earnings per share, reflecting strong financial performance [20] - Adjusted EBITDA for Q1 2022 was $170 million, an increase of $15 million year-over-year, resulting in an adjusted EBITDA margin of 46% [20] - Operating cash flow generated in Q1 2022 was $146 million, with adjusted free cash flow at $130 million, both representing a year-over-year increase of 20% [21] Business Line Data and Key Metrics Changes - The company sold 43,000 metric tons of electrodes in Q1 2022, a 16% increase compared to the prior year [15] - Average non-LTA pricing rose by 19% in Q1 2022 compared to Q4 2021, following a 10% sequential increase in the previous quarter [11] - Production reached 46,000 metric tons for the second consecutive quarter, marking a 28% year-over-year increase [15] Market Data and Key Metrics Changes - First quarter global steel production, excluding China, was essentially flat year-over-year, with healthy capacity utilization rates particularly in North America [10] - The demand for petroleum needle coke, a key raw material for graphite electrodes, is expected to expand due to its use in electric vehicle batteries [9] Company Strategy and Development Direction - The company is focused on leveraging its vertical integration into petroleum needle coke as a competitive advantage, which supports higher electrode pricing [9] - GrafTech aims to capitalize on the growing demand for electric arc furnace (EAF) steelmaking, which is more cost-effective and environmentally friendly [27] - The company is committed to a disciplined capital allocation strategy, including debt reduction and stock repurchases, while investing in operational improvements [24][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing trends in the graphite electrode market, driven by strong demand and pricing [8][26] - The company anticipates that the electric arc furnace segment will continue to grow, contributing to the decarbonization of the steel industry [27] - Management acknowledged inflationary pressures but indicated confidence in managing costs due to strong supplier relationships and vertical integration [21][22] Other Important Information - The company has provided force majeure notices for certain LTAs serving customers in Russia due to the conflict, resulting in a shift of contracted volumes to 2023-2024 [12] - GrafTech's balance sheet was strengthened with a $70 million reduction in term loans during Q1 2022, improving the debt-to-adjusted EBITDA ratio to 1.4 times [23] Q&A Session Summary Question: Current pricing environment for spot sales - Management refrained from providing guidance beyond Q2 but acknowledged the pricing environment as consistent with expectations [31] Question: Evidence of inventory builds globally - Management indicated it is too early to point to significant inventory builds globally, as the American market remains strong [32] Question: Update on expanding petroleum needle coke production for EV market - Management confirmed ongoing studies regarding potential expansion into the EV market but did not provide further details [33] Question: European market development and strategy changes - Management continues to monitor the situation in Europe but has not changed its strategy, focusing on regional strengths and pricing opportunities [37] Question: Demand uptake from the EV anode market - Management is evaluating opportunities in the EV market but did not provide specific statistics at this time [39] Question: Plans for deploying free cash flow - Management emphasized a disciplined capital allocation strategy, focusing on debt reduction and returning capital to shareholders [58] Question: Update on CEO succession planning - Management confirmed that a global search for a new CEO is underway [61]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share EAF New York Stock Exchange FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2022 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition perio ...