Content Detail

• Content META

  Title	Trinseo : Q4 2024 Financial Results Conference Call
  ID	6844499
  External ID	7546011934
  Author	Unknown
  Published Date	Feb. 12, 2025, 3:48 p.m.
  Summary	February 12, 2025 at 04:43 pm EST Fourth Quarter 2024 Financial Results & First Quarter 2025 Outlook February 12, 2025 Trademark of Trinseo PLC or its affiliates Introductions & Disclosure Rule
  Tags	press-release
  URL	https://www.marketscreener.com/quote/stock/trinseo-plc-128130791/news/trinseo-q4-2024-financial-results-conference-call-49040016/
  Sentiment	Negative: 0.08524    Neutral: 0.87291    Positive: 0.04185
  Relevance	0.03347

• Content Details

  Content ID	4259749
  Key	02077c27-b978-43fc-ae5f-de7d70cba43e
  Content	February 12, 2025 at 04:43 pm EST Fourth Quarter 2024 Financial Results & First Quarter 2025 Outlook February 12, 2025 Trademark of Trinseo PLC or its affiliates Introductions & Disclosure Rules Introductions Frank Bozich, President & CEO David Stasse, Executive Vice President & CFO Bee van Kessel, Senior Vice President, Corporate Finance & Investor Relations Disclosure Rules This presentation may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, forecasts, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "believe," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management's evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy, our current indebtedness, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully implement proposed restructuring initiatives, including the closure of certain plants and product lines, and to successfully generate cost savings through restructuring and cost reduction initiatives; our ability to successfully execute our business and transformation strategy; the timing of, and our ability to complete, the sale of our interest in Americas Styrenics; increased costs or disruption in the supply of raw materials; deterioration of our credit profile limiting our access to commercial credit; increased energy costs; implementation of tariffs, changes to global trade policies, or retaliatory actions; compliance with laws and regulations impacting our business; any disruptions in production at our chemical manufacturing facilities, including those resulting from accidental spills or discharges; conditions in the global economy and capital markets; our current and future levels of indebtedness and ability to service our debt; our ability to meet the covenants under our existing indebtedness; our ability to generate cash flows from operations and achieve our forecasted cash flows; and those discussed in our Annual Report on Form 10-K, under Part I, Item 1A -"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results, performance or achievements may differ materially from those contemplated by the forward- looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. This presentation contains financial measures that are not in accordance with generally accepted accounting principles in the US ("GAAP") including EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted EPS and Free Cash Flow. We believe these measures provide relevant and meaningful information to investors and lenders about the ongoing operating results and liquidity position of the Company. Such measures when referenced herein should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. We have provided a reconciliation of these measures to the most comparable GAAP metric alongside of the respective measure or otherwise in the Appendix section and in the accompanying press release. Summary Cash Generation & Liquidity Q4 cash provided by operations of $85 million led to Free Cash Flow* of $64 million, a sequential and year-over-year improvement of $67 million Q4 ending cash of $212 million, of which $2 million was restricted, and total liquidity of $354 million; pro-forma for the January 2025 refinancing transaction, total liquidity was $492 million the polycarbonate technology license agreement Key Initiatives Closed refinancing transaction in January that extended nearest-term maturity to 2028 and significantly increased available liquidity Agreed to sell Stade, Germany polycarbonate manufacturing assets and license polycarbonate technology to Deepak Chem Limited in a transaction worth $52 million Sales of recycled-content-containing products increased 47% versus prior year Progressing on commercial scale-up of polycarbonate and PMMA recycling facilities Trinseo's Triple Zero Safety Standard zero recordable injuries zero spills zero process safety events 2024 Triple Zero Awards: ALL Global R&D Teams Production /Recycling Facilities Site Service Teams 2024 Highlights: Continued ACC top quartile performance (0.3) Zero contractor injuries & Zero process safety events >10yrs Triple Zero in Ulsan and Merak Binders, Tsing Yi Polystyrene and 14 R&D sites Zhangjiagang ABS Triple Zero since first production in 2017 >5yrs Triple Zero in Hoek Compounding and Midland Rail services One of our safest summers due to a focused Safe Summer Program and introduction of Trinseo Safe Behaviors Q4 2024 Sales and Volume Summary Net sales in $millions Volume variances exclude styrene-related sales Europe Lower year-over-year volumes from Polystyrene portfolio optimization along with weak demand in building and construction and appliances Rest of World Sales Volume YoY: (10%) Asia-Pacific Net Sales Global $821 Sales Volume YoY: (5%) Europe Sales Volume YoY: (8%) U.S. Higher year-over-year volumes driven by polycarbonate sales ahead of the Stade, Germany plant closure Higher volumes in Latex binders across all applications Asia Lower year-over-year volumes driven by paper applications in Latex Binders due to weak overall demand and extended year-end shutdowns Re-Segmentation Overview Automotive Compounding business moved into Engineered Materials Polystyrene combined with Plastics Solutions to form Polymer Solutions Trinseo Q4 2024 Financial Results Net Sales & Net Income ($MM) Q4'24 Q4'23 Net Sales Net Income Adjusted EBITDA $6 million above prior year despite an unfavorable net timing variance of $10 million, reflecting improved results in all core operating business segments Equity affiliate income at Americas Styrenics was $23 million below prior year, driven by a $15 million unfavorable timing impact due to falling raw material prices and lower styrene margins See Appendix for a reconciliation of non-GAAP measures Engineered Materials Fourth quarter sales volumes to consumer electronics applications increased 61% versus prior year, more than offset by lower volumes in automotive compounding and MMA Adjusted EBITDA was $20 million above prior year driven by higher sales volumes into consumer electronics applications and improved PMMA pricing. Partially offset by $6 million unfavorable net timing variance due to moderating input costs. Latex Binders Year-over-year volume decline primarily from Asia paper applications due to weak demand and extended year-end shutdowns Adjusted EBITDA was $1 million above prior year on lower volumes due to improved regional and application mix Sales volumes to CASE applications increased 10% year-over-year, accounting for 12% of total segment volumes and 16% of total segment variable margin Polymer Solutions Adjusted EBITDA was $8 million above prior year due to closure of styrene production unit in Terneuzen and additional polycarbonate volumes ahead of Stade, Germany closure Attachments Original document Permalink Disclaimer Trinseo plc published this content on February 12, 2025 , and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 12, 2025 at
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  Publisher URL	http://www.marketscreener.com
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  Trust Flow Score	23
  Citation Flow Score	26

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  Data Source Name	Quantexa News (#5)
  Data Source Type	news
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