Olin(OLN) - 2022 Q2 - Earnings Call Presentation

Financial Performance & Outlook - Olin reported a 2Q22 Adjusted EBITDA that matched guidance from 1Q22 earnings call[5] - Olin's 3Q22 outlook projects a sequentially lower Adjusted EBITDA by approximately 15%[5] - Olin forecasts a full year 2022 Adjusted EBITDA between $2.5 billion and $2.7 billion[5] - Olin estimates 2022 Levered Free Cash Flow (LFCF) to be approximately $1.6 billion[17, 19] Capital Allocation & Shareholder Returns - Olin executed share repurchases of $426 million, representing approximately 5% of outstanding shares, funded by free cash flow in 2Q22[5] - Olin has authorized a new share repurchase program of $2 billion[11] - Olin's Levered Free Cash Flow (LFCF) yield is over 20%[11] Segment Performance (2Q22) - Chlor Alkali Products and Vinyls sales were $1403.5 million with Adjusted EBITDA of $451.7 million[44] - Epoxy segment sales were $772.7 million with Adjusted EBITDA of $158.4 million[46] - Winchester segment sales were $439.9 million with Adjusted EBITDA of $125.2 million[42] Strategic Initiatives & Market Dynamics - Olin is prioritizing Electrochemical Unit (ECU) margins over sales volumes[3] - Olin's Winning Model is effective even in a downturn, as demonstrated by all-time low epoxy sales volumes[5] - Olin is resetting the adjusted EBITDA floor in a recession scenario, with a resilient model that can withstand poor quality markets[6]