Icahn Enterprises L.P. (NASDAQ:IEP) Q2 2023 Earnings Conference Call August 4, 2023 10:30 AM ET Company Participants Jesse Lynn - General Counsel David Willetts - President and CEO Ted Papapostolou - CFO Conference Call Participants Dan Fannon - Jefferies Bruce Monrad - Northeast Investors Trust Andrew Berg - Post Advisory Group Operator Good morning and welcome to the Icahn Enterprises L.P. Second Quarter 2023 Earnings Call with Jesse Lynn, General Counsel; David Willetts, President and CEO; and Ted Papapo ...

Financial Performance - Icahn Enterprises L P reported a net loss attributable to IEP of $269 million for Q2 2023, compared to a net loss of $128 million for Q2 2022[16,66] - Adjusted EBITDA attributable to IEP was $34 million for Q2 2023, a decrease from $126 million in Q2 2022[66] - The Investment segment experienced a negative return of 5 4% for Q2 2023[6,18,66] - Indicative net asset value decreased to $5 0 billion as of June 30, 2023, from $5 6 billion as of December 31, 2022[66] Segment Results - The Energy segment's Adjusted EBITDA attributable to IEP decreased by $100 million to $173 million for Q2 2023, compared to $273 million in Q2 2022[59,70] - Automotive segment revenue decreased by $1 million in Q2 2023 compared to Q2 2022[11] - All Other segments' Adjusted EBITDA attributable to IEP was $27 million for Q2 2023, compared to $18 million for Q2 2022[36] - Food Packaging Adjusted EBITDA attributable to IEP increased by $6 million, or 50%, primarily due to manufacturing efficiencies and lowered distribution costs[94] CVR Energy - CVR Energy declared a $0 50 per share and a special $1 00 per share quarterly cash dividend[8] - Nitrogen Fertilizer average realized gate prices for UAN decreased by 43% to $316 per ton, and ammonia decreased by 40% to $707 per ton compared to the prior year quarter[89] Investment Segment - As of June 30, 2023, the Funds had a net short notional exposure of 18%[56]

PART I. FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents Icahn Enterprises L.P.'s unaudited condensed consolidated financial statements for Q2 2023, detailing financial position, performance, and cash flows, including notes on significant events [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) Icahn Enterprises reported a **net loss of $777 million** for H1 2023, a significant reversal from prior year's income Condensed Consolidated Balance Sheet Highlights (in millions) | Metric | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | $22,214 | $27,914 | | Investments | $4,937 | $6,809 | | Total Liabilities | $15,027 | $18,356 | | **Total Equity** | $7,187 | $9,558 | Condensed Consolidated Statement of Operations Highlights (in millions, except per unit data) | Metric | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Total Revenues | $5,181 | $7,596 | | Net (Loss) Income | $(777) | $598 | | Net (Loss) Income Attributable to Icahn Enterprises | $(539) | $195 | | Basic and Diluted (Loss) Income per LP unit | $(1.46) | $0.64 | - Net cash provided by operating activities was **$1,977 million** for the first six months of 2023, down from **$2,629 million** in the prior-year period, while net cash used in financing activities significantly increased to **$1,621 million** due to distributions to non-controlling interests[20](index=20&type=chunk) [Note 1. Description of Business](index=12&type=section&id=Note%201.%20Description%20of%20Business) Icahn Enterprises L.P. is a diversified holding company operating seven segments, with Carl C. Icahn and affiliates holding **85% ownership** - The company operates through seven primary segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma[23](index=23&type=chunk) - As of June 30, 2023, Carl C. Icahn and his affiliates held an approximate **85%** ownership stake in the company's outstanding depositary units[22](index=22&type=chunk) [Note 3. Subsidiary Bankruptcy and Deconsolidation](index=20&type=section&id=Note%203.%20Subsidiary%20Bankruptcy%20and%20Deconsolidation) Auto Plus, an Automotive segment subsidiary, filed for Chapter 11 bankruptcy, leading to its deconsolidation and a **$246 million** non-cash charge - Auto Plus, an aftermarket parts distributor in the Automotive segment, filed for Chapter 11 bankruptcy on January 31, 2023[61](index=61&type=chunk) - The company deconsolidated Auto Plus effective January 31, 2023, resulting in a non-cash charge of **$246 million** and recording its investment in Auto Plus at **$0**[63](index=63&type=chunk) [Note 5. Investments](index=25&type=section&id=Note%205.%20Investments) The Investment segment's portfolio decreased to **$4.8 billion** as of June 30, 2023, from **$6.7 billion** at year-end 2022 Investment Portfolio Breakdown (in millions) | Position Type | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Long Investments** | | | | Equity Securities | $3,686 | $4,619 | | Debt Securities | $1,135 | $2,100 | | **Total Long** | **$4,821** | **$6,719** | | **Short Positions (Securities sold, not yet purchased)** | | | | Equity Securities | $3,198 | $6,326 | | Debt Securities | $172 | $169 | | **Total Short** | **$3,370** | **$6,495** | [Note 12. Debt](index=39&type=section&id=Note%2012.%20Debt) Total debt was approximately **$7.1 billion** as of June 30, 2023, with the Holding Company holding **$5.3 billion** in senior unsecured notes Total Debt (in millions) | Category | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Holding Company | $5,308 | $5,309 | | Reporting Segments | $1,770 | $1,787 | | **Total Debt** | **$7,078** | **$7,096** | - The company and all its subsidiaries were in compliance with all debt covenants as of June 30, 2023[118](index=118&type=chunk) [Note 13. Net Income Per LP Unit](index=40&type=section&id=Note%2013.%20Net%20Income%20Per%20LP%20Unit) The company declared **$4.00 per unit** distributions for H1 2023 and authorized a **$1 billion** repurchase program - Declared quarterly distributions of **$2.00 per unit** for Q1 and Q2 2023, with unitholders having the option for cash or additional units[122](index=122&type=chunk) - Sold **3,395,353** depository units under the Open Market Sale Agreement for gross proceeds of **$175 million** in the first six months of 2023[124](index=124&type=chunk) - In May 2023, the Board approved a repurchase program for up to **$500 million** of senior notes and **$500 million** of depositary units, with no repurchases made as of June 30, 2023[125](index=125&type=chunk)[127](index=127&type=chunk) [Note 14. Segment Reporting](index=42&type=section&id=Note%2014.%20Segment%20Reporting) The Investment segment reported a **$386 million** net loss for H1 2023, while the Energy segment contributed **$218 million** in net income Net (Loss) Income Attributable to Icahn Enterprises by Segment (Six Months Ended June 30, in millions) | Segment | 2023 | 2022 | | :--- | :--- | :--- | | Investment | $(386) | $196 | | Energy | $218 | $171 | | Automotive | $(9) | $(43) | | Food Packaging | $11 | $3 | | Real Estate | $3 | $4 | | Home Fashion | $(1) | $(1) | | Pharma | $(4) | $(8) | | Holding Company | $(371) | $(127) | | **Consolidated** | **$(539)** | **$195** | [Note 18. Commitments and Contingencies](index=48&type=section&id=Note%2018.%20Commitments%20and%20Contingencies) The company faces legal and regulatory inquiries from the U.S. Attorney's office and SEC, along with class action lawsuits - Received voluntary information requests from the U.S. Attorney's office (SDNY) and the SEC in May/June 2023 regarding governance, capitalization, disclosures, and other matters, with the company cooperating[165](index=165&type=chunk)[166](index=166&type=chunk) - Two putative securities class action lawsuits were filed against the company in the Southern District of Florida following a short-seller report[165](index=165&type=chunk) - The company is jointly and severally liable for pension plan obligations of entities within its controlled group, with an aggregate underfunded status of approximately **$42 million** as of June 30, 2023[162](index=162&type=chunk) [Note 20. Subsequent Events](index=55&type=section&id=Note%2020.%20Subsequent%20Events) On August 2, 2023, the Board declared a quarterly distribution of **$1.00 per depositary unit**, reduced from **$2.00** - On August 2, 2023, the board declared a quarterly distribution of **$1.00 per depositary unit**, reduced from the prior **$2.00 per unit**[168](index=168&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the Investment segment's negative performance, Auto Plus's bankruptcy impact, and the company's liquidity and capital structure [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Consolidated results were heavily impacted by the Investment segment's negative performance and Auto Plus deconsolidation, with Investment Funds returning **-9.3%** for H1 2023 Investment Funds Performance Attribution (Six Months Ended June 30) | Position Type | 2023 | 2022 | | :--- | :--- | :--- | | Long positions | (1.8)% | (4.5)% | | Short positions | (8.9)% | 9.1% | | Other | 1.4% | (0.3)% | | **Total Return** | **(9.3)%** | **4.3%** | - The negative performance of the Investment Funds in H1 2023 was primarily driven by losses in short positions, particularly a broad market hedge loss of **$618 million**[187](index=187&type=chunk) - The Automotive segment's aftermarket parts sales decreased by **$324 million** (**78%**) in H1 2023 due to the deconsolidation of Auto Plus[214](index=214&type=chunk) [Liquidity and Capital Resources](index=46&type=section&id=Liquidity%20and%20Capital%20Resources) The Holding Company maintained **$1.6 billion** cash against **$5.3 billion** debt, with Mr. Icahn redeeming **$1.45 billion** from Investment Funds - Holding Company had cash and cash equivalents of approximately **$1.6 billion** and total debt of **$5.3 billion** as of June 30, 2023[237](index=237&type=chunk) - The Investment Funds had a net short notional exposure of **18%** as of June 30, 2023, with long exposure at **103%** and short exposure at **121%**[250](index=250&type=chunk) - During the six months ended June 30, 2023, Mr. Icahn and his affiliates redeemed **$1,452 million** from the Investment Funds[255](index=255&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposure is from its Investment segment, where a **10%** adverse change would impact securities owned by **$482 million** - The company's predominant market risk exposure is from the Investment segment's portfolio[279](index=279&type=chunk) - A hypothetical **10%** adverse change in fair value would negatively impact securities owned by approximately **$482 million** and securities sold, not yet purchased by **$337 million**, based on June 30, 2023 balances[281](index=281&type=chunk) [Controls and Procedures](index=52&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2023, with no material changes in internal control - The CEO and CFO concluded that disclosure controls and procedures were effective as of June 30, 2023[282](index=282&type=chunk)[283](index=283&type=chunk) - No material changes were identified in the company's internal control over financial reporting during the second quarter of 2023[285](index=285&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=54&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 18 for information on legal proceedings, noting no material changes compared to the 2022 Annual Report - The company is subject to litigation from time to time, with details on current proceedings referred to Note 18 of the financial statements[288](index=288&type=chunk) [Risk Factors](index=54&type=section&id=Item%201A.%20Risk%20Factors) Material risks include Mr. Icahn's influence, personal loans collateralized by IEP units, and the impact of a short-seller report leading to regulatory inquiries and litigation - Mr. Icahn has pledged a substantial number of his IEP depositary units (**320 million** as of July 10, 2023) and interests in the Investment Funds to secure personal loans, where a significant decline in IEP's indicative net asset value could trigger margin calls[293](index=293&type=chunk)[295](index=295&type=chunk) - A May 2, 2023 short-seller report caused a significant decline and high volatility in the price of depositary units and has led to regulatory inquiries from the SEC and SDNY, as well as class-action lawsuits[300](index=300&type=chunk)[302](index=302&type=chunk) - The company risks being taxed as a corporation if less than **90%** of its gross income is 'qualifying income,' with repurchasing debt at a discount potentially generating non-qualifying income[304](index=304&type=chunk) - Future cash distributions are not guaranteed and depend on numerous factors, with the quarterly distribution reduced to **$1.00 per unit** for the distribution declared on August 4, 2023[306](index=306&type=chunk) [Other Information](index=57&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the last fiscal quarter - No director or officer adopted or terminated a Rule 10b5-1 trading plan during the second quarter of 2023[308](index=308&type=chunk) [Exhibits](index=58&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the 10-Q report, including CEO and CFO certifications and Inline XBRL data files - Lists filed exhibits, including Sarbanes-Oxley certifications (**31.1**, **31.2**, **32.1**) and XBRL data files[309](index=309&type=chunk)

Icahn Enterprises L.P. (NASDAQ:IEP) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Jesse Lynn - General Counsel David Willetts - President and CEO Ted Papapostolou - CFO Conference Call Participants Operator Good morning and welcome to the Icahn Enterprises L.P. Q1 2023 Earnings Call with Jesse Lynn, General Counsel; David Willetts, President and CEO; and Ted Papapostolou, Chief Financial Officer. I would now like to hand the call over to Jesse Lynn, who will read their openi ...

Financial Performance - IEP's Q1 2023 net loss attributable was $270 million, compared to a net income of $323 million for Q1 2022[17] - IEP's Q1 2023 Adjusted EBITDA was $116 million, compared to $616 million for Q1 2022[17] - The Investment Funds had a negative return of 4.1% for Q1 2023[17] - The Energy segment had net income attributable to IEP of $132 million in Q1 2023, compared to $61 million in Q1 2022[17] - Automotive segment net sales and other revenues decreased by $106 million for Q1 2023 compared to Q1 2022, while Adjusted EBITDA improved by $23 million[40] Segment Results - The Energy segment's Adjusted EBITDA attributable to IEP increased by $87 million to $229 million for Q1 2023 compared to $142 million in the prior-year period[34] - Real Estate segment Q1 2023 Adjusted EBITDA decreased by $3 million compared to Q1 2022[56] - All Other segments' Adjusted EBITDA was $20 million in Q1 2023, compared to $16 million for Q1 2022[5] Assets and Liquidity - As of March 31, 2023, the fair value of IEP's investment in the Funds was approximately $4 billion[35] - Holding Company cash and cash equivalents were $1868 million[48] - As of March 31, 2023, the Funds had a net short notional exposure of 38%[29]

PART I. FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents the unaudited condensed consolidated financial statements for the quarterly period ended March 31, 2023 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $26.27 billion and total equity fell to $8.50 billion as of March 31, 2023 Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$26,269** | **$27,914** | | Total Liabilities | $17,773 | $18,356 | | **Total Equity** | **$8,496** | **$9,558** | | Equity attributable to Icahn Enterprises | $3,091 | $3,900 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported a net loss of $270 million for Q1 2023, a reversal from a $323 million net income in Q1 2022 Q1 2023 vs Q1 2022 Performance (in millions, except per unit data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Total Revenues | $2,641 | $4,093 | | Net (Loss) Gain from Investment Activities | $(443) | $939 | | Loss on Deconsolidation of Subsidiary | $226 | $-- | | **Net (Loss) Income Attributable to Icahn Enterprises** | **$(270)** | **$323** | | Diluted (Loss) Income per LP Unit | $(0.75) | $1.06 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow was $247 million in Q1 2023, a significant decrease from $1.92 billion in the prior-year period Cash Flow Summary (in millions) | Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $247 | $1,920 | | Net Cash (Used in) Provided by Investing Activities | $(45) | $38 | | Net Cash Provided by (Used in) Financing Activities | $1 | $(435) | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Details key events including the Auto Plus bankruptcy, segment operations, debt, and a new regulatory inquiry - The company operates through seven continuing segments: **Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma**[23](index=23&type=chunk) - The Auto Plus subsidiary's bankruptcy led to its deconsolidation and a **non-cash charge of $226 million**[30](index=30&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) - As of March 31, 2023, the company had **total debt of approximately $7.1 billion**, with $5.3 billion at the Holding Company level[115](index=115&type=chunk) - The U.S. Attorney's office for the Southern District of New York requested information related to corporate governance and other materials[153](index=153&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=55&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses Q1 2023 results, segment performance, liquidity, and recent events including a new repurchase authorization [Results of Operations](index=55&type=section&id=Results%20of%20Operations) The Q1 2023 net loss was driven by the Investment segment's (4.1)% return and the Auto Plus deconsolidation Net Income (Loss) Attributable to Icahn Enterprises by Segment (in millions) | Segment | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Investment | $(171) | $414 | | Holding Company | $(218) | $(126) | | Energy | $132 | $61 | | Automotive | $(13) | $(28) | | **Consolidated** | **$(270)** | **$323** | - The Investment Funds' return was **(4.1)% for Q1 2023**, driven by net losses in short positions of (6.2)%[173](index=173&type=chunk)[175](index=175&type=chunk) - The Automotive segment's net sales decreased by **$113 million (20%)** due to the deconsolidation of Auto Plus as of January 31, 2023[197](index=197&type=chunk) - A pre-tax loss on deconsolidation of the Auto Plus subsidiary of **$226 million** was recorded for the three months ended March 31, 2023[210](index=210&type=chunk) [Liquidity and Capital Resources](index=69&type=section&id=Liquidity%20and%20Capital%20Resources) The Holding Company had $1.9 billion in cash and $5.3 billion in debt, with a new $1 billion repurchase program authorized - The Holding Company had cash and cash equivalents of approximately **$1.9 billion** and total debt of approximately **$5.3 billion** as of March 31, 2023[215](index=215&type=chunk) - As of March 31, 2023, the Investment Funds had a **net short notional exposure of 38%**, with long exposure at 103% and short exposure at 141%[226](index=226&type=chunk) - On May 9, 2023, the Board approved a repurchase program authorizing the repurchase of up to **$500 million of senior notes and $500 million of depositary units**[224](index=224&type=chunk) - Subsequent to quarter-end, Mr. Icahn and his affiliates redeemed **$867 million** from the Investment segment[232](index=232&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=78&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk stems from its Investment segment, with significant exposure to security value fluctuations - The company's predominant market risk exposure is from its **Investment segment**[254](index=254&type=chunk) - Based on March 31, 2023 balances, a 10% adverse change in fair value would negatively impact securities owned by **~$652 million**, securities sold short by **~$565 million**, and derivatives by **~$1,058 million**[257](index=257&type=chunk) - The impact to IEP's net income from such a change would be less than the total change in fair value, as IEP holds an **approximate 46% interest** in the Investment Funds[257](index=257&type=chunk) [Controls and Procedures](index=80&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of March 31, 2023[258](index=258&type=chunk) - **No material changes** to internal control over financial reporting occurred during the first quarter of 2023[259](index=259&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=81&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to ordinary course litigation with no material changes from the 2022 Annual Report - The company is involved in various lawsuits arising in the normal course of business, with details in Note 17 of the financial statements[262](index=262&type=chunk) [Risk Factors](index=81&type=section&id=Item%201A.%20Risk%20Factors) Highlights risks from Carl Icahn's controlling ownership, short-seller reports, and potential investment impairments - Carl Icahn's control (**approx. 84% ownership**) and his substantially pledged units pose a risk of forced sale from a potential margin call[264](index=264&type=chunk)[266](index=266&type=chunk) - The company is subject to short-selling strategies, with a recent report causing **significant price volatility**[270](index=270&type=chunk) - There is a risk of being **taxed as a corporation** if less than 90% of gross income is 'qualifying' income[272](index=272&type=chunk) - Investment risk is highlighted by the Auto Plus bankruptcy, which resulted in a **$226 million non-cash charge** and a write-down of the remaining equity to $0[275](index=275&type=chunk) [Other Information](index=85&type=section&id=Item%205.%20Other%20Information) Reports an increase in the base salary for the Chief Financial Officer, Ted Papapostolou - Effective May 9, 2023, the base salary of CFO Ted Papapostolou was increased from **$550,000 to $850,000** per year[276](index=276&type=chunk) [Exhibits](index=86&type=section&id=Item%206.%20Exhibits) Lists the exhibits filed with the Form 10-Q, including Sarbanes-Oxley certifications and XBRL data files

Highlights and Recent Developments • CVR Energy Q4 2022 Highlights • Net sales increased over the same period last year by $567 million (27%) to $2.7 billion • Adjusted EBITDA attributable to IEP increased by $128 million to $168 million for Q4 2022 compared to $40 million in the prior-year period • Petroleum Q4 2022 Results • Processed 221,000 barrels per day of total throughput in the quarter • Refining margin for 4Q 2022 was $17.14 per throughput barrel, compared to $7.13 during Q4 2021 • Nitrogen Fertil ...

Icahn Enterprises L.P. (NASDAQ:IEP) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Rob Flint - Director of Accounting David Willetts - President & CEO Ted Papapostolou - CFO Conference Call Participants Daniel Fannon - Jefferies Andrew Berg - Post Advisory Group Bruce Monrad - Northeast Investor Group Operator Good morning and welcome to the Icahn Enterprises L.P.'s Q4 2022 Earnings Call with Rob Flint, Director of accounting; David Willetts, President and CEO and Ted P ...

Table of Contents 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 ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to (Exact Name of Registrant as Specified in Its Charter) (Address of Principal Executive Offices) (Zip Code) (State or Other Jurisdiction of Incorp ...

Icahn Enterprises L.P. Q3 2022 Earnings Presentation November 4, 2022 1 Safe Harbor Statement Forward-Looking Statements and Non-GAAP Financial Measures The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," " ...