Market Risks - The company is exposed to various market risks, including fluctuations in titanium dioxide (TiO2) prices, which may impact profitability due to changes in supply and demand fundamentals [328]. - The company has significant exposure to currency risk, particularly in South Africa and Australia, where revenues are primarily earned in U.S. dollars while expenses are incurred in local currencies [334]. - The company is subject to increased regulatory scrutiny regarding its TiO2 products, which may impede business growth or add significant costs [334]. - The company operates in a competitive and rapidly changing environment, with numerous risks and uncertainties that could materially affect future results [14]. Customer and Credit Risk - In 2022, the company's ten largest third-party customers represented 30% of consolidated net sales, indicating a significant concentration of credit risk [330]. - The company maintains allowances for potential credit losses based on specific customer reviews and current financial conditions, with historic losses due to write-offs of bad debt being relatively low [330]. Interest Rate Risk - A hypothetical 1% increase in interest rates would result in a net decrease to pre-tax income of approximately $6 million on an annualized basis, highlighting interest rate risk exposure [331]. - The company entered into interest-rate swap agreements to manage exposure to interest rate movements, which are set to expire in September 2024 [332]. - The company recognized approximately $21 million in "Loss on extinguishment of debt" related to the redemption of 6.5% Senior Secured Notes due 2025 during the year ended December 31, 2022 [484]. - The average effective interest rate on the Cash Flow Revolver was 5.1% for the year ended December 31, 2022 [476]. Financial Performance - Net sales for the year ended December 31, 2022, were $3,454 million, a decrease of 3.3% compared to $3,572 million in 2021 [357]. - Gross profit for 2022 was $832 million, down from $895 million in 2021, reflecting a gross margin of approximately 24.1% [357]. - Net income attributable to Tronox Holdings plc for 2022 was $497 million, an increase of 73.7% from $286 million in 2021 [357]. - Total comprehensive income for 2022 was $473 million, compared to $199 million in 2021, indicating a significant increase in overall profitability [360]. Cash Flow and Liquidity - Cash provided by operating activities decreased to $598 million in 2022 from $740 million in 2021, reflecting a decline of approximately 19% [365]. - Cash and cash equivalents decreased to $164 million in 2022 from $228 million in 2021 [363]. - The company reported a net decrease in cash and cash equivalents of $68 million for the year, compared to a decrease of $416 million in 2021 [365]. Assets and Liabilities - Total assets increased to $6,306 million as of December 31, 2022, up from $5,987 million in 2021 [363]. - Total liabilities decreased slightly to $3,903 million in 2022 from $3,945 million in 2021 [363]. - The company retained approximately $69 million of unsold receivables pledged as collateral for sold receivables as of December 31, 2022 [351]. Taxation and Deferred Tax Assets - The effective tax rate for 2022 was -62%, significantly lower than the statutory tax rate of 19% [429]. - The net deferred tax assets increased from $1,104 million in 2021 to $1,382 million in 2022, reflecting a decrease in valuation allowances by $314 million [434]. - The company recognized a non-cash deferred tax benefit of $300 million in 2022 due to the reversal of a portion of the valuation allowance for Australian deferred tax assets [435]. Capital Expenditures and Investments - Capital expenditures increased to $428 million in 2022, up from $272 million in 2021, representing a rise of 57% [365]. - Total cash used in investing activities was $415 million in 2022, compared to $269 million in 2021, indicating a 54% increase [365]. Debt Management - Long-term debt, net, decreased to $2,464 million in 2022 from $2,558 million in 2021, with the average effective interest rate for the Term Loan Facility at 4.8% [466]. - The company entered into a new seven-year Term Loan Facility of $1.3 billion and a five-year Cash Flow Revolver with initial commitments of $350 million on March 11, 2021 [471]. - The company terminated the Wells Fargo Revolver in 2021, which had initially provided up to $550 million in revolving credit lines [470]. Inventory and Receivables - Total inventories, net, increased to $1,278 million in 2022 from $1,048 million in 2021, with finished goods net rising to $641 million from $461 million [455]. - The company sold accounts receivable totaling $123 million in 2022, resulting in cash proceeds of $75 million from the initial sale and an additional $72 million from subsequent sales [451][452].

Financial Data and Key Metrics Changes - The company's total revenue for 2022 was $3.5 billion, with adjusted EBITDA of $875 million and a margin in the mid-20s [4][7] - In Q4 2022, revenue was $649 million, impacted by a swift market contraction, with adjusted EBITDA of $113 million and a margin of 17.4% [11][12] - Full-year free cash flow was $170 million after capital expenditures of $428 million [8][22] Business Line Data and Key Metrics Changes - TiO2 volumes declined by 34% and zircon volumes by 44% in Q4 2022 compared to the prior year [7][12] - TiO2 pricing remained relatively flat, with a slight decline of 1% in average selling prices in Q4 [12][13] - Revenue from other products decreased by 12% year-over-year, largely due to lower pig iron sales [12] Market Data and Key Metrics Changes - The company experienced a significant market pullback starting in China, followed by declines in Asia-Pacific, EMEA, and the Americas [7][13] - The strengthening of the U.S. dollar negatively impacted revenue due to unfavorable translation effects, particularly from the euro [12] Company Strategy and Development Direction - Tronox aims to position itself as the advantaged global TiO2 leader, focusing on sustainable production and cost efficiency [4][5] - The company has revised its carbon reduction targets, aiming for a 35% reduction by 2025 and 50% by 2030, with a commitment to net zero by 2050 [5][6] - Capital expenditures are expected to be reduced to below $275 million in 2023 to adapt to the macroeconomic environment [20][21] Management's Comments on Operating Environment and Future Outlook - Management indicated that Q4 2022 was a trough for TiO2 volumes, with expectations for a rebound in Q1 2023, particularly in Europe [13][38] - The company anticipates adjusted EBITDA for Q1 2023 to be in the range of $120 million to $130 million, assuming a sequential increase in TiO2 volumes [24][26] - Management expressed confidence in the stability of pricing dynamics due to long-term customer agreements [38][41] Other Important Information - The company incurred over $60 million in costs from events in Q4, including a fire in South Africa and flooding in Australia [9][10] - Tronox returned approximately $137 million to shareholders in 2022 through dividends and share repurchases [22] Q&A Session Summary Question: Can you quantify the impact of the three buckets on your trough case? - Management indicated that newTRON savings are expected to be delayed until market conditions improve, with additional costs from the Atlas project affecting earnings [29][30] Question: Why is there a need for increased working capital despite lower volumes? - Management explained that inventory levels are being built up due to slower production adjustments and the need to maintain feedstock levels [32][34] Question: What gives confidence in the Q1 outlook despite competitor caution? - Management noted that they are seeing an increase in volumes across all regions, particularly in Europe and India, which supports their optimistic outlook [37][38] Question: How is the zircon market reacting to lost volumes? - Management expects stable pricing for zircon moving into Q1, despite a decrease in demand from China [41][42] Question: What are the expected impacts of the mine issues on Q1? - Management outlined that Q1 will see additional costs and lost zircon sales due to ongoing issues from the previous quarter [54][56]

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※ 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 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 ...

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 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 ...

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 ...

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※ 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 ...