Trinseo(TSE)

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Trinseo(TSE) - 2022 Q2 - Earnings Call Presentation
2022-08-10 09:08
Second Quarter 2022 Financial Results & Outlook August 8, 2022 ™Trademark of Trinseo PLC or its af f iliates Introductions & Disclosure Rules Introductions • Frank Bozich, President & CEO • David Stasse, Executive Vice President & CFO • Andy Myers, Director of Investor Relations Disclosure Rules Cautionary Note on Forward-Looking Statements.This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategie ...
Trinseo(TSE) - 2022 Q2 - Earnings Call Transcript
2022-08-09 18:54
Trinseo PLC (NYSE:TSE) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Andrew Myers - Director of IR Frank Bozich - President and CEO David Stasse - EVP and CFO Conference Call Participants Frank Mitsch - Fermium Research David Begleiter - Deutsche Bank Mike Leithead - Barclays Hassan Ahmed - Alembic Global Advisors Angel Castillo - Morgan Stanley Matthew Blair - Tudor, Pickering, Holt and Company Eric Petrie - Citi Operator Good morning, ladies and gentlemen and welcome to ...
Trinseo(TSE) - 2022 Q2 - Quarterly Report
2022-08-09 16:23
Table of Contents 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 Commission File Number: 001-36473 Trinseo PLC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
Trinseo(TSE) - 2022 Q1 - Earnings Call Presentation
2022-05-13 03:01
First Quarter 2022 Financial Results & Outlook May 4, 2022 ™Trademark of Trinseo PLC or its affiliates Introductions & Disclosure Rules Introductions • Frank Bozich, President & CEO • David Stasse, Executive Vice President & CFO • Andy Myers, Director of Investor Relations Disclosure Rules Cautionary Note on Forward-Looking Statements.This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, fut ...
Trinseo(TSE) - 2022 Q1 - Earnings Call Transcript
2022-05-05 20:37
Trinseo PLC (NYSE:TSE) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Andrew Myers - Director of Investor Relations Frank Bozich - President and Chief Executive Officer David Stasse - Executive Vice President and Chief Financial Officer Conference Call Participants Frank Mitsch - Fermium Research David Begleiter - Deutsche Bank Hassan Ahmed - Alembic Global Advisors Lawrence Alexander - Jeffries Angel Castillo - Morgan Stanley Matthew Blair - Tudor, Pickering, Holt & Company O ...
Trinseo(TSE) - 2022 Q1 - Quarterly Report
2022-05-05 18:02
Table of Contents 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 For the transition period from to Commission File Number: 001-36473 Trinseo PLC (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...
Trinseo(TSE) - 2021 Q4 - Annual Report
2022-02-23 13:39
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 ☐ 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: 001-36473 Trinseo PLC (Exact name of registrant as specified in its charter) Ireland N/A (State or other jurisdiction of incorporat ...
Trinseo(TSE) - 2021 Q4 - Earnings Call Presentation
2022-02-11 22:01
Fourth Quarter 2021 Financial Results & 2022 Outlook February 8, 2022 ™Trademark of Trinseo PLC or its affiliates Introductions & Disclosure Rules Introductions • Frank Bozich, President & CEO • David Stasse, Executive Vice President & CFO • Andy Myers, Director of Investor Relations Disclosure Rules Cautionary Note on Forward-Looking Statements.This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, stra ...
Trinseo(TSE) - 2021 Q4 - Earnings Call Transcript
2022-02-09 17:27
Financial Data and Key Metrics Changes - In 2021, the company achieved record profitability with net income of $440 million and adjusted EBITDA of $729 million [8] - For the full year, net income from continuing operations was $280 million, and adjusted EBITDA was $729 million, with cash from operations of $453 million and free cash flow of $329 million [25][26] Business Line Data and Key Metrics Changes - The Engineered Materials segment's adjusted EBITDA was about $25 million lower than expected due to increased natural gas costs and higher raw materials and freight costs [24] - The company expects earnings in the first quarter of 2022 to be similar to the prior year, driven by continued demand strength and improved pricing actions [28] Market Data and Key Metrics Changes - The company noted robust demand for many products, particularly in ABS, polycarbonate, and polystyrene, despite challenges from external factors [19] - The automotive sector is experiencing constraints due to chip shortages, impacting overall demand [30] Company Strategy and Development Direction - The company is transforming into a specialty materials and sustainable solutions provider, with acquisitions aimed at enhancing product offerings and entering new markets [9][10] - The acquisition of Heathland B.V. aligns with the company's sustainability goals and aims to secure a steady supply of recycled feedstocks [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in 2021 due to external factors like weather events and COVID-19, but expressed confidence in overcoming these obstacles [16] - The company anticipates continued strong cash generation in 2022, with expected cash from operations of $530 million to $580 million [32] Other Important Information - The company plans to increase its quarterly dividend from $0.08 to $0.32 per share and has reinstated its share repurchase program [26] - The company is focusing on organic growth in sustainable products, with a significant increase in sales volume of recycled products [15] Q&A Session Summary Question: Timing and interest in the Styrenics divestiture - Management expects good interest from strategic buyers, regional players, and financial sponsors, with updates on timing to come in future quarters [36][37] Question: Buyback program expectations for 2022 - The buyback program will be opportunistic, with expectations for a similar amount to the $48 million buyback in Q4 2021 [38] Question: Sustainable margins in Engineered Materials - Management indicated that Q4 margins were impacted by external factors, but pricing actions taken should improve margins moving forward [41][44] Question: Heathland acquisition's role in recycling strategy - The acquisition is crucial for securing a steady stream of recycled feedstock, with expectations for significant growth in sustainable solutions by 2030 [55][57] Question: Capital expenditures for the new portfolio - Maintenance CapEx is estimated at $50 million to $60 million for the new portfolio, with additional spending on ERP implementation and manufacturing upgrades [58][60] Question: Future profitability of ABS and polycarbonate - Management expects slightly lower earnings in 2022 compared to 2021 due to the relaxation of supply chain constraints, but healthy end demand remains [70] Question: PMMA market dynamics - Management does not see PMMA as cyclical but rather as a solution-driven market with opportunities for growth through material substitution [74][80] Question: Sustainability targets post-Styrenics divestiture - The company aims to maintain its sustainability target of 30% of its portfolio being sustainably advantaged, even after the divestiture [96]
Trinseo(TSE) - 2021 Q3 - Quarterly Report
2021-11-08 20:57
Table of Contents 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 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: 001-36473 Trinseo PLC (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...