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Chemours 1Q 2022Investor MaterialsMarch 2022
Safe Harbor Statement and Other MattersThis presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include anystatement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similarexpressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-lookingstatements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution ofany regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or otherjurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as awhole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends orshare repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability tomake acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantialrisks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based oncertain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-lookingstatements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national andglobal economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent andimpact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economicactivity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptionsin consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability toprovide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products,adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours isunable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to thesedifferences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report onForm 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as requiredby law.We prepare our financial statements in accordance with Generally Accepted Accounting Principles (“GAAP”). Within this presentation we may make reference to AdjustedNet Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Effective Tax Rate, Return on Invested Capital (ROIC) and NetLeverage Ratio which are non-GAAP financial measures. The company includes these non-GAAP financial measures because management believes they are useful toinvestors in that they provide for greater transparency with respect to supplemental information used by management in its financial and operational decision making.Further information with respect to and reconciliations of such measures to the nearest GAAP measure can be found in the appendix hereto.Management uses Adjusted Net Income, Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Effective Tax Rate, ROIC and NetLeverage Ratio to evaluate the company’s performance excluding the impact of certain noncash charges and other special items which we expect to be infrequent inoccurrence in order to have comparable financial results to analyze changes in our underlying business from quarter to quarter.Additional information for investors is available on the company’s website at investors.chemours.com.2
A Pathway to Significant Shareholder Value CreationImprove TT earnings through the cycle while growing with strategic customersDrive secular growth in TSS and APM behind class leading products and innovative chemistryContinue to manage and resolve legacy liabilities consistent with Chemours/DD/CTVA MOUReturn the majority of the free cash flow we generate to our shareholders3
The Chemours Company at a Glance( in millions)TitaniumTechnologiesTotal Chemours1Net Sales 3,000 Adj. EBITDA 50%000 6,345 2,500000Adj. EBITDAMargin 2,000000 1,500 1,313 1,00021% 500000 -02021Net Sales 3,000 Adj. EBITDA 2,5002021 3,355 1,500 1,000200010%1000 50090%Net Sales 3,000 Adj. EBITDA 250%80%600070%500060%400050% 80924%30%200020%100010%0% 0Fluoropolymers andadvanced materials22%Foam, propellants,and other4% 2,000Adj. EBITDAMarginAdvanced PerformanceMaterials6000200%5000 2,500 2,000150%4000 1,257 500 - 41233%2021200050%1000Adj. EBITDAMargin 1,397 1,000 500 -0%0202119% 2,5005000150% 2,0004000100%3000 1,500200050%1000 261Net Sales 3,000 Adj. EBITDA 700%600%500%400%300% 1,000 3360%02021Adj. EBITDAMargin 500200% 51 2021202115%100%0%Latin America12%Performance Chemicals& Intermediates2%Titanium Dioxideand otherminerals53%200%6000 1,5003000100% 1,000Chemical SolutionsNet Sales 3,000 Adj. EBITDA 1,500202120212021 2,50040%3000 -0%0Mining Solutions4%Products2Adj. EBITDAMargin 2,000300020%000000600040%500030%4000Thermal & SpecializedSolutionsGeography2EMEA22%North America37%Asia Pacific29%Refrigerants15%See reconciliation of Non-GAAP measures in the appendix.Source: Company filings and data1. Includes 220 corporate and other expenses.2.Data represents net sales for the year ended December 31, 2021.4
Thermal & Specialized Solutions (TSS) Overview Leading, global provider of refrigerants, thermalmanagement solutions, propellants, foam blowing agents,and specialty solvents Category leader in next-gen low GWP technology Co-developed HFO technology Advantaged process technology at Corpus Christi Robust international patent portfolio; no single patent willsignificantly affect our market positionTSS key end markets2021 Regional SalesLatin America12%Global Manufacturing Networkpositioned to respond to customers'needs based on evolving marketconditionsAsiaPacific13%Foam, Propellants &Other 23%NorthAmerica50%EMEA25%2021 Market SalesRefrigerants77%5
TSS Opteon Growth Framework: A Decade of Growth AheadPHASE 1: First WavePHASE 2: ExpansionPHASE 3: Mass Adoption(2015-2020)(2020-2024)(2025 – 2030 )D R I V E R S EU MAC Directive (100% EU Auto OEMs) EU F-gas (EU Stationary Phase-In) US CAFE Standards (75% US Auto OEMs) R22 PhaseoutA P P L I C ATI O N S Mobile AC OEMs (EU, US, Japan, Korea) Commercial RefrigerationD R I V E R S US AIM Act EU F-gas Kigali AmendmentA P P L I C ATI O N S Mobile AC OEM (EU, US, Japan, Korea,China and developing countries) Mobile AC After Market Heat Pumps & Chillers Commercial Refrigeration ACM E G ATR E N D S Climate Impact & CircularEconomy Decarbonization & Electrification Increased Connectivity & Data Growing Middle Class &Urbanization6
TSS Key Long Term Growth DriversMarket driven needs shaping future opportunities for thermal management solutionsDecarbonization &ElectrificationIncreasedConnectivity & DataGrowing Middle Class& UrbanizationNew energysolutions requiringnew approaches tothermalmanagementExpanding relianceon data andnetworks needsefficient coolingtechnologyGrowth in demand forappliances andinfrastructure supportingconvenience lifestylesClimate Impact &Circular EconomyGrowing recognitionof lower GWPoptions, and supplierresponsibility7
Advanced Performance Materials (APM) OverviewLeaderAcross adiverse rangeof high-endmaterials1400 Customers anddistributors,with nocustomerrepresenting 5% of salesStrong Global Footprint1HighVariable marginacross portfolio,leading tosignificantoperatingleverage 1.4BSales1 261MAdjustedEBITDA1Diverse Revenue Base1,2OthersLatin AmericaMedicalEMEANorth AmericaEnergy &IndustrialElectronics &CommunicationsConsumerGoodsAsia PacificChemicalProcessingTransportation1.2.Data represents net sales for the year ended December 31, 2021.8Excluded external monomer sales.
APM: Leadership in SemiconductorsHow we fit:PFA is a critical material used for chemical distributionsystems within semiconductor manufacturing fabs.Semiconductor fabs use approximately 0.5kg ofPFA per square foot to manufacture advancedlogic devices. On average, an advanced logic mega fabis expected to be 600k sq. feet. Large and mega fabsare being built every day for advanced nodes.Addressable MarketCAGR 2021-2025:8%Building ona strongpositionPosition to participate in both legacy node ( 5nm), keychip used in auto production, and advanced nodes( 5nm); major part of enabling advanced computing,5G, and consumer electronics.By 2025, there could be as many as 75 billion Internetof Things devices—all requiring semiconductors.11. ber-of-connected-devices-worldwide/9
APM: Leading the 5G FutureHow we fit:Teflon products have unique dielectric properties withexcellent insulating performance. Our innovation will bekey to developing next-generation products for 5Ginfrastructure.Expandingour marketreachAddressable MarketCAGR FluoropolymerCopper Laminate 2021-2025:20%Today, we are critical to the data cable that makesconnectivity possible. The future of 5G willrequire more cable, more antennas, and more datacenters to process all the information. Our solutions willbe integral to all aspects of this growth market.10
APM: Powering the Hydrogen Economy with Nafion MembranesNafion membranes are at the core of fuel cells and electrolyzersNafion dispersions and membranes driveproton exchange at the molecular level11
APM: PEM Membrane TAMFuel Cell Diesel ParityTotal Cost of OwnershipWater Electrolysis Hydrocarbon ParityPEM Membrane TAM Outlook (thru 2030) M52%CAGR44%CAGRSource: Roland BergerSource: The Chemours Company12
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Segment Net Sales and Adjusted EBITDA (unaudited)14
GAAP Income (loss) Before Income Taxes to Adjusted EBITDAReconciliation (unaudited)15
Mar 1, 2022
