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Tronox(TROX) - 2022 Q4 - Earnings Call Presentation
2023-02-16 17:19
TRONOX※ Fourth Quarter and Full Year 2022 Conference Call Tronox Holdings plc February 16, 2023 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2023 1 Participants •John Romano •Jean-Francois Turgeon Timothy Carlson John Srivisal Co-Chief Executive Officer Co-Chief Executive Officer SVP, Chief Financial Officer SVP, Business Dev. & Finance TRONOX * Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2023 2 Safe Harbor Statement and Non-U.S. GAAP Financial Terms Cautionary Sta ...
Tronox(TROX) - 2022 Q3 - Earnings Call Presentation
2022-10-27 20:52
TRONOX※ Third Quarter 2022 Conference Call Tronox Holdings plc October 27, 2022 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 1 Presenters Co-Chief Executive Officer • John Romano Jean-Francois Turgeon Timothy Carlson Co-Chief Executive Officer Senior Vice President, Chief Financial Officer TRONOX * Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 2 Safe Harbor Statement and Non-U.S. GAAP Financial Terms Cautionary Statement about Forward-Looking Statements Sta ...
Tronox(TROX) - 2022 Q3 - Earnings Call Transcript
2022-10-27 19:48
Tronox Holdings plc (NYSE:TROX) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Jennifer Guenther - Vice President, Investor Relations John Romano - Co-Chief Executive Officer Jean-Francois Turgeon - Co-Chief Executive Officer Tim Carlson - Chief Financial Officer Conference Call Participants Duffy Fischer - Goldman Sachs Josh Spector - UBS David Begleiter - Deutsche Bank Hassan Ahmed - Alembic Global Frank Mitsch - Fermium Research Matthew DeYoe - Bank of America John McNu ...
Tronox(TROX) - 2022 Q3 - Quarterly Report
2022-10-27 13:15
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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to ___________ 1-35573 (Commission file number) TRONOX HOLDINGS PLC (Exact Name of Registrant as Specified in its Charter) extended transition p ...
Tronox(TROX) - 2022 Q2 - Earnings Call Transcript
2022-07-28 18:15
Tronox Holdings plc (NYSE:TROX) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Jennifer Guenther - VP, IR John Romano - Co-CEO Jean-François Turgeon - Co-CEO Timothy Carlson - CFO Conference Call Participants David Begleiter - Deutsche Bank Josh Spector - UBS John McNulty - BMO Capital Markets Frank Mitsch - Fermium Research Hassan Ahmed - Alembic Global Advisors Michael Leithead - Barclays Matthew DeYoe - Bank of America Jeffrey Zekauskas - JPMorgan William Tang - Morgan Sta ...
Tronox(TROX) - 2022 Q2 - Quarterly Report
2022-07-28 13:26
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 June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to ___________ 1-35573 (Commission file number) TRONOX HOLDINGS PLC (Exact Name of Registrant as Specified in its Charter) extended transition period ...
Tronox(TROX) - 2022 Q1 - Earnings Call Transcript
2022-04-28 20:44
Financial Data and Key Metrics Changes - Tronox reported revenue of $965 million for Q1 2022, an 8% increase year-over-year, driven by higher TiO2 and pig iron revenue [16][17] - Adjusted EBITDA was $240 million, a 7% increase, while the margin decreased by 40 basis points to 24.9% due to unfavorable product mix and higher costs [17][26] - GAAP diluted earnings per share was $0.10, and adjusted diluted earnings per share was $0.60, reflecting a 40% year-over-year increase [17][46] Business Line Data and Key Metrics Changes - TiO2 revenue increased by 11% to $773 million, with a 20% rise in average selling prices, despite a 6% decrease in volumes [20] - Zircon revenue decreased by 12% to $108 million, driven by a 38% decrease in volumes, partially offset by a 43% increase in average selling prices [21] - Revenue from other products rose by 17% to $84 million, primarily due to higher pig iron volumes and prices [22] Market Data and Key Metrics Changes - The TiO2 market remains tight with low inventories and extended delivery times due to supply chain disruptions [20][24] - Demand for zircon is expected to increase slightly, with pricing improvements anticipated to offset volume declines [25][99] Company Strategy and Development Direction - Tronox aims to maintain its position as a vertically integrated global TiO2 leader, focusing on low-cost, high-quality production [30][31] - The company is investing in projects like newTRON for digital transformation and mining extensions to enhance operational efficiency and sustainability [12][35] - A significant renewable energy project in South Africa is expected to reduce emissions and provide 40% of the company's electricity needs in the region [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from inflation, supply chain disruptions, and geopolitical instability but remains confident in demand for TiO2 and zircon [46] - The company anticipates adjusted EBITDA for Q2 2022 to be between $265 million and $280 million, driven by pricing increases and production rates [47] - Free cash flow outlook for the year has been updated to a minimum of $265 million, reflecting strong cash earnings and disciplined expense management [50] Other Important Information - Tronox repurchased 1.4 million shares for $25 million in Q1 2022, with $275 million remaining under the share repurchase program [13][44] - The company plans to hold its second Investor Day on June 16, 2022, to provide more details on long-term strategy and operational aspects [55] Q&A Session Summary Question: TiO2 volume outlook and limiting factors - Management indicated that the flat volume outlook is due to inventory levels being below seasonal norms and logistics challenges, not demand [57] Question: Pig iron demand and pricing - Management noted that pig iron prices have increased due to limited production from Russia and Ukraine, but they remain cautious in their assumptions for future pricing [60][61] Question: Energy outlook in Europe - Management confirmed that they have hedged a significant portion of their energy exposure in Europe and expect pricing to offset cost increases [66] Question: Impact of Stallingborough outage - The unplanned outage at Stallingborough cost approximately $10 million in Q1, but operations have since resumed [73] Question: TiO2 pricing guidance - Management expects TiO2 pricing to continue to rise in Q2 and the second half of the year due to low inventories and strong demand [81] Question: Cost inflation and its impact - Management acknowledged a 20% increase in cost structure, primarily in process chemicals and energy, but expects pricing to cover these costs [68] Question: Jazan facility ramp-up - The Jazan facility is on track to achieve sustainable operations in the second half of 2022 [103] Question: Capital expenditures and inflation - Management indicated that the increase in capital expenditures is primarily due to inflationary pressures [70]
Tronox(TROX) - 2022 Q1 - Earnings Call Presentation
2022-04-28 14:17
TRONOX※ First Quarter 2022 Conference Call Tronox Holdings plc April 28, 2022 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 1 Presenters Co-Chief Executive Officer • John Romano Jean-Francois Turgeon Timothy Carlson Co-Chief Executive Officer Senior Vice President, Chief Financial Officer TRONOX * Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 2 Safe Harbor Statement and Non-U.S. GAAP Financial Terms Cautionary Statement about Forward-Looking Statements State ...
Tronox(TROX) - 2022 Q1 - Quarterly Report
2022-04-28 13:06
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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Commission file number) TRONOX HOLDINGS PLC (Exact Name of Registrant as Specified in its Charter) extended transition period for complying with any new or revised financial accounting sta ...
Tronox(TROX) - 2021 Q4 - Annual Report
2022-02-22 13:43
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 Year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 1-35573 (Commission file number) TRONOX HOLDINGS PLC (Exact name of registrant as specified in its charter) | England and Wales | 98-1467236 | | --- ...