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 ...

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 ...

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 | | --- ...

TRONOX※ Fourth Quarter and Full Year 2021 Conference Call Tronox Holdings plc February 17, 2022 Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2022 1 Participants 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-Look ...

Tronox Holdings plc (NYSE:TROX) Q4 2021 Earnings Conference Call February 17, 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 John McNulty – BMO Capital Markets Josh Spector – UBS David Begleiter – Deutsche Bank Frank Mitsch – Fermium Research Hassan Ahmed – Alembic Global Jeff Zekauskas – J.P. Morgan Duffy F ...

Financial Data and Key Metrics Changes - Revenue in Q3 2021 increased by 29% year-over-year, totaling approximately $3.5 billion, driven by higher average selling prices and volumes [10][11] - Net income for the quarter was $113 million, with diluted earnings per share at $0.70 and adjusted earnings per share at $0.72 [11] - Adjusted EBITDA reached a record $252 million, reflecting a year-over-year improvement of $104 million, with an adjusted EBITDA margin of 29%, a 700 basis point improvement year-over-year [11][12] - Free cash flow was a record $191 million for the quarter, contributing to a year-to-date total of $418 million [33] Business Line Data and Key Metrics Changes - TiO2 revenue was $682 million, a 26% increase year-over-year, driven by a 13% increase in volumes and a 12% increase in average selling prices [15] - Zircon volumes increased by 81% year-over-year, with average selling prices up 13%, leading to a revenue increase of 107% [16] - Feedstock and other products saw a decline year-over-year due to no external feedstock sales, partially offset by increased pig iron revenue [17] Market Data and Key Metrics Changes - Demand for TiO2 continues to outstrip supply, with inventories remaining below normal levels throughout the supply chain [14][19] - The company anticipates fourth quarter TiO2 volume levels to be flat to down mid-single digits due to ongoing supply chain disruptions [20] - Zircon sales volumes are expected to remain elevated above 2019 and 2020 levels, although lower than Q3 levels [20] Company Strategy and Development Direction - The company aims to become a global TiO2 leader through five strategic pillars: people, vertical integration, technology, global footprint, and competitive costs [38][40] - The newTRON project is expected to unlock cost reductions of $150 to $200 per ton by the end of 2023, with a capital outlay of $150 million across 2021 and 2022 [24][26] - The Atlas-Campaspe project is expected to sustain the company's 85% internalization of feedstock, supporting significant cost savings [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand outlook, stating that demand continues to outpace supply despite logistics challenges [48] - The company is confident in its ability to expand margins and grow EBITDA in 2022, despite facing inflationary pressures [72][101] - Management highlighted the importance of ongoing cost-saving initiatives and the successful resolution of previous production issues [95][96] Other Important Information - The company reduced total debt to $2.7 billion, achieving a net leverage ratio of 2.6 times, ahead of its 2023 target [13][30] - Total available liquidity as of September 30 was $764 million, including $309 million in cash [31] Q&A Session Summary Question: Can you explain how the TiO2 dynamics are shaping up through the end of the year and into 2022? - Management indicated that pricing is expected to increase globally, with demand continuing to outpace supply, although logistics issues are limiting volume [47][48] Question: Can you provide any comments on client availability in the U.S. following recent producer announcements? - Management confirmed that chlorine supply issues have been resolved, allowing for normal production levels [51] Question: How long will it take to rebuild industry inventories? - Management noted that inventories are below seasonal norms and efforts are being made to build inventory, but significant rebuilding is not expected until mid-next year [55][56] Question: Can you discuss the impact of dual control energy policies in China? - Management estimated that about 500,000 tons of capacity has been constrained, but demand remains strong [49][75] Question: How do share buybacks fit into future capital allocation plans? - Management emphasized that reaching the $2.5 billion gross debt target is the priority, with plans for capital expenditures, dividend increases, and share repurchases [78] Question: What is the outlook for energy costs in Q1? - Management believes energy costs are transitory, with some costs rolling into Q1 but confident in the ability to pass costs on [81][82] Question: How is the company managing feedstock availability? - Management highlighted the advantages of vertical integration, which mitigates challenges in the feedstock market [87] Question: Can you discuss the valuation of Tronox? - Management believes the company is undervalued and is focused on reducing debt and expanding margins, which will enhance valuation [98][100]

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, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR 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 ...