Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Free Cash Flow is defined as cash from operating activities, less capital expenditures. Reconciling items to Adjusted Net Income (j), EPS from continuing operations - diluted ($). Trinseo Announces Fourth Quarter and Full-Year 2022 Expected Results Trinseo
These increases were partially offset by lower volumes across several segments mainly from lower demand to building & construction, automotive, appliance and consumer electronics applications, including the impact of COVID-19 lockdowns in China. We have not included forecasted amounts for the remainder of 2022. Full-year 2022 net loss from continuing operations of $126 million to $91 million and Adjusted EBITDA of $325 million to $375 million. You can sign up for additional alert options at any time. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Trinseo S.A. (TSE) 10-K Annual Report February 2022 - Last10K.com Trinseo Scores Applaudable CDP Ratings in both Climate Change Disclosure & Supplier Engagement. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements reflect managements evaluation of information currently available and are based on our current expectations and assumptions, our potential sale of our styrenics businesses and expected proceeds of the proposed sale, our business, the economy and other future conditions. Free Cash Flow is defined as cash from operating activities, less capital expenditures. I want to commend our employees for navigating these challenging business conditions while delivering another exemplary year of EH&S performance as well as staying focused on our growth programs including those in specialty applications and products containing recycled materials., Fourth Quarter Results and Commentary by Business Segment. Annual Performance Report for 2022 | World Food Programme 59,000/- on 30 30th Annual Report 2022/2023: New law strengthens the FDPIC. Results also included a $26 million unfavorable net timing variance as well as a $15 million unfavorable impact from natural gas hedging. Amount for the three months ended March 31, 2022 relates to the estimated liability recorded in connection with the European Commission request for information. Weighted average shares calculated for the purpose of forecasting EPS and Adjusted EPS do not forecast significant future share transactions or events, such as repurchases, significant share-based compensation award grants, and changes in the Companys share price. As such, they should not be used as alternatives to net income as indicators of operating performance. Trinseo will host a conference call to discuss its fourth quarter and full year 2022 financial results on Thursday, Februrary 9, 2023 at 10 a.m. Eastern Time. Additionally, elevated energy prices in Europe, weak demand in China and easing shipping constraints created a temporary arbitrage window for lower-cost imports from Asia into Europe. Trinseo S.A. CIK: 1519061 Ticker: TSE Exhibit 99.1 Trinseo Reports Fourth Quarter and Full-Year 2022 Financial Results; Provides Full-Year 2023 Guidance Full-Year 2022 Summary Net loss from continuing operations of $428 million and diluted EPS from continuing operations of negative $11.91 Our dedicated employees deserve high praise for navigating this challenging environment to keep our customers supplied with our products and solutions as we leverage our global footprint to provide stable earnings., Second Quarter Results and Commentary by Business Segment, Commenting on the outlook for 2022, Bozich said, Im pleased with our results for the first half of the year as the Adjusted EBITDA was the third highest first half result in the Companys history despite the very challenging business environment. Reconciling items to Adjusted Net Income (g), EPS from continuing operations - diluted ($). These performance measures are not intended to represent net income or other measures of financial performance. *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income (Loss), all of which are non-GAAP measures, to Net Income (Loss), as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. Trinseo - Investor Relations - Financials - SEC Filings Adjusted to remove the tax impact of the items noted within the table above. Reconciling items to Adjusted EBITDA and Adjusted Net Income (Loss) are not typically forecasted by the Company based on their nature as being primarily driven by transactions that are not part of the core operations of the business and, as a result, cannot be estimated without unreasonable cost or uncertainty. The Company will also furnish copies of the financial results press release and presentation slides to investors by means of a Form 8-K filing with the U.S. Securities and Exchange Commission. (1) Adjusted Net Income excludes discontinued operations contribution of $6 million, and Adjusted EBITDA excludes discontinued operations contribution of $17 million, respectively, for the three months ended March 31, 2021. Email: aemyers@trinseo.com. Sustainability Our future-oriented materials power ideas and innovation, including the ever-increasing demand for sustainable solutions like materials that enable light-weighting of cars while also maintaining safety and strength, and life-saving medical devices with chemical and impact resistance. PDF Ref. No. AAVAS/SEC/2023-24/329 To, BSE Limited Bandra Kurla Complex 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. We believe that Adjusted Net Income and Adjusted EPS provide transparent and useful information to management, investors, analysts and other stakeholders in evaluating and assessing our operating results from period-to-period after removing the impact of certain transactions and activities that affect comparability and that are not considered part of our core operations. Cautionary Note on Forward-Looking Statements. The Company will also furnish copies of the financial results press release and presentation slides to investors by means of a Form 8-K filing with the U.S. Securities and Exchange Commission. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section. At Trinseo, we promise to treat your data with respect and will not share your information with any third party. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. In doing so, we are providing management, investors, and credit rating agencies with an indicator of our ongoing performance and business trends, removing the impact of transactions and events that we would not consider a part of our core operations. Trinseo's revenue growth from 2013 to 2022 is -6.44%. Net income (loss) from discontinued operations, Net gain on disposition of businesses and assets, Selling, general, and administrative expenses; Other expense, net, Selling, general, and administrative expenses, Acquisition transaction and integration net costs (b), Cost of goods sold; Selling, general, and administrative expenses, Acquisition purchase price hedge loss (c), Acquisition purchase price hedge (gain) loss, Asset impairment charges or write-offs (d), European Commission request for information (e). Even under a reduced capital expenditure plan, we are able to still fund these programs which delivered solid results in 2022 and will continue our evolution to a specialty material and sustainable solutions provider. Receive Laura Elder's . Trinseo (NYSE: TSE), a specialty material solutions provider, today announced that it has closed on the sale of its land, buildings and equipment in Matamoros, Mexico to Plaskolite. Trinseo Reports Fourth Quarter and Full Year 2021 Financial Results; Provides Full Year 2022 Guidance February, 08, 2022 Full Year 2021 Summary Net income from continuing operations of $280 million and diluted EPS from continuing operations of $7.07 AAVAS/SEC/2023-24/329 Date: June 26, 2023 Dear Sir /Madam, Sub: Notice of the 13th Annual General Meeting of the Company and Annual Report for the FY 2022-23 This is to inform you that 13th Annual General Meeting ("AGM") of the Members of the Company will be held on Wednesday, July 19, 2023 at 03:30 P.M. IST through Video Conferencing ("VC") / We remain focused on our transformation to a specialty material and sustainable solutions provider, including progressing on the sale process of the Styrenics businesses. However, there was a minor printing error, which was rectified and the Annual Report was filed again. You can sign up for additional alert options at any time. Free Cash Flow is not intended to represent cash flows from operations as defined by GAAP, and therefore, should not be used as alternatives for that measure. Net gain on disposition of businesses and assets, Selling, general, and administrative expenses, Acquisition transaction and integration net costs (a), Cost of goods sold; Selling, general, and administrative expenses, Acquisition purchase price hedge gain (b), Selling, general, and administrative expenses; Other expense, net, Provision for income taxes - Adjusted (d), Depreciation and amortization - Adjusted (e). Sales grew 8% from portfolio additions including four additional months of the PMMA business and eight additional months of Aristech Surfaces. May 08, 2023. We believe the use of EBITDA as a metric assists our board of directors, management and investors in comparing our operating performance on a consistent basis. The Company compensates for these limitations by providing the following detail, which is determined in accordance with GAAP. The Company filed Audited Annual Report with BSE Ltd. for the FY2020-21 within the stipulated time. *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income, all of which are non-GAAP measures, to Net Income, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. 2022 Full-Year Outlook. If you experience any issues with this process, please contact us for further assistance. Free Cash Flow is not intended to represent cash flows from operations as defined by GAAP, and therefore, should not be used as alternatives for that measure. From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical. Acquisition transaction and integration net costs for the 2022 and 2021 periods primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. Andy MyersTel: +1 610-240-3221Email:aemyers@trinseo.com. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Companys operational performance. Data are disaggregated by strategic results, strategic outcomes, outcome indicators, as well as . Acquisition transaction and integration net costs for the three months ended March 31, 2022 and 2021 primarily relate to expenses incurred for the Companys acquisition and integration of the PMMA business and Aristech Surfaces Acquisitions. You must click the activation link in order to complete your subscription. Trinseo S.A. (TSE) 10K Annual Reports & 10Q SEC Filings - Last10K.com Amount for the three months ended June 30, 2022 and 2021 exclude accelerated depreciation of $0.9 million and $0.7 million, respectively, related to the shortening of the useful life of certain IT assets related to the Companys transition to a new enterprise resource planning system. Condensed Consolidated Statements of Operations, Selling, general and administrative expenses, Equity in earnings of unconsolidated affiliates, Income from continuing operations before income taxes, Net income (loss) from discontinued operations, net of income taxes, Property, plant, equipment, goodwill, and other intangible assets, net, Long-term debt, net of unamortized deferred financing fees, Total liabilities and shareholders equity, Condensed Consolidated Statements of Cash Flows, Cash provided by (used in) operating activities continuing operations, Cash provided by operating activities discontinued operations, Cash provided by (used in) operating activities, Cash paid for asset or business acquisitions, net of cash acquired ($1.0 and $0.0), Cash used in investing activities continuing operations, Cash used in investing activities discontinued operations, Withholding taxes paid on restricted share units, Repayments of 2024 Term Loan B and 2028 Term Loan B, Net proceeds from issuance of 2029 Senior Notes, Cash provided by (used in) by financing activities, Net change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cashbeginning of period, Cash, cash equivalents, and restricted cashend of period, Notes to Condensed Consolidated Financial Information. For the same reasons discussed above, we are providing the following reconciliation of forecasted net income (loss) to forecasted Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted EPS for the full year ended December 31, 2023. Higher prices resulted in a 26% increase mainly due to the pass through of higher raw material costs, such as styrene, along with higher energy costs. This year it has again been structured around the five key trends that underpin Olympic Agenda 2020+5. As a result, it may be difficult to use this or similarly-named financial measures that other companies may use, to compare the liquidity and cash generation of those companies to our own. We believe that Free Cash Flow provides an indicator of the Companys ongoing ability to generate cash through core operations, as it excludes the cash impacts of various financing transactions as well as cash flows from business combinations that are not considered organic in nature. ___________________
Commenting on results will be Frank Bozich, President and Chief Executive Officer, David Stasse, Executive Vice President and Chief Financial Officer, and Andy Myers, Director of Investor Relations. Condensed Consolidated Statements of Operations, Selling, general and administrative expenses, Equity in earnings of unconsolidated affiliates, Acquisition purchase price hedge (gain) loss, Income from continuing operations before income taxes, Net income from discontinued operations, net of income taxes, Property, plant, equipment, goodwill, and other intangible assets, net, Long-term debt, net of unamortized deferred financing fees, Total liabilities and shareholders equity, Condensed Consolidated Statements of Cash Flows, Cash provided by (used in) operating activities - continuing operations, Cash provided by operating activities - discontinued operations, Cash provided by (used in) operating activities, Cash paid for asset or business acquisitions, net of cash acquired ($1.0 and $10.4), Proceeds from the sale of businesses and other assets, Proceeds from (payments for) the settlement of hedging instruments, Cash used in investing activities - continuing operations, Cash used in investing activities - discontinued operations, Withholding taxes paid on restricted share units, Repayments of 2024 Term Loan B and 2028 Term Loan B, Net proceeds from issuance of 2028 Term Loan B, Net proceeds from issuance of 2029 Senior Notes, Cash provided by (used in) by financing activities, Net change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cashbeginning of period, Cash, cash equivalents, and restricted cashend of period, Notes to Condensed Consolidated Financial Information
Trinseo Releases 12th Annual Sustainability & Corporate Social Trinseo - Investor Relations - Financials - SEC Filings. For the same reasons discussed above, we are providing the following reconciliation of forecasted cash provided by operations and cash used for capital expenditures to forecasted Free Cash Flow for the year ended December 31, 2022. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations.