2Q 2022 Financial Results July 28, 2022 eastman.com
Prepared remarks These slides should be reviewed with the accompanying prepared remarks posted on our website. Forward-looking statements During this presentation, we make certain forward-looking statements concerning plans and…
2Q22 highlights Record revenue and adjusted EPS, despite persistent inflation, logistics constraints, FX headwinds, and an uncertain economic outlook Innovation delivering growth above underlying end markets Strong pricing in…
Corporate M (except EPS) 2Q22 2Q21 2Q22 vs. 2Q21 highlights Solid demand in medical, personal Revenue 2,784 2,653 care, semiconductors and animal Adjusted EBIT 469 454 nutrition end markets Adjusted EBIT margin 16.8% 17.1% Higher…
Advanced Materials M 2Q22 2Q21 2Q22 vs. 2Q21 highlights Strong demand in consumer durables and medical Revenue 846 769 end markets Adjusted EBIT 158 153 Adjusted EBIT margin 18.7% 19.9% Higher selling prices to recover spreads Revenue…
Circular solutions platform gaining momentum Mechanical completion of methanolysis facility expected at the end of 1Q23 Strong demand for specialty plastics with a sustainable value proposition, 1,000 sales opportunities exceeding…
Additives & Functional Products M 2Q22 2Q21 2Q22 vs. 2Q21 highlights Double-digit volume/mix growth driven by personal care, Revenue 835 655 semiconductors, and animal nutrition end markets Adjusted EBIT 148 111 Lower manufacturing…
Fibers M 2Q22 2Q21 2Q22 vs. 2Q21 highlights Revenue 242 223 Strong price increases across the segment Adjusted EBIT 37 37 Higher raw material, energy, and distribution costs; higher Adjusted EBIT margin 15.3% 16.6% manufacturing costs…
Chemical Intermediates M 2Q22 2Q21 2Q22 vs. 2Q21 highlights Revenue up across the segment due to higher selling prices Revenue 861 736 Higher spreads in functional amines and acetyl product lines Adjusted EBIT 155 144 Adjusted EBIT…
Cash flow and other financial highlights On track for strong cash flow Balance sheet and tax rate Well positioned Forecasted FY22 Forecasted FY22 Working capital adjusted effective operating cash flow expected to be a…
Full-year 2022 guidance Tailwinds Headwinds/Uncertainties Divested EBIT from tire additives and adhesives resins product lines Innovation and market development driving growth above underlying end markets Moderating demand in select…
Well positioned to navigate an uncertain global economy Innovation- Circular economy is Strengthening Sustainability and Power of cash driven growth a new vector of execution to convert ESG are integrated flow and the model is…
Appendix 13
Updated FY2022 underlying assumptions Modeling items Interest expense of 180M Depreciation & amortization expense 490M Capital expenditures 700M Expect to deploy strategic cash 1.3B through the combination of bolt-on M&A and share…
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