trinseo annual report 2022

The new website will be continuously updated and the . 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") / Adjusted EPS is calculated as Adjusted Net Income per weighted average diluted shares outstanding for a given period. You must click the activation link in order to complete your subscription. Adjusted Net Income is calculated as Adjusted EBITDA (defined beginning with net income from continuing operations, above), less interest expense, less the provision for income taxes and depreciation and amortization, tax affected for various discrete items, as appropriate. The Company had $354.7 million available under its revolving credit facility at the end of fourth quarter 2022 and expects availability under such facility to be approximately $102 million at the end of the first quarter 2023. Commenting on the Companys fourth quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, During the fourth quarter we observed a similar sequential operating environment including lower global demand and elevated natural gas prices in Europe. By providing your email address, you are providing consent to Trinseo to send you the requested Investor Email Alert updates. Yes No Indicate by check mark if the registrant is 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. The Company compensates for these limitations by providing the following detail, which is determined in accordance with GAAP. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat. Acquisition purchase price hedge gain for the three months ended June 30, 2021 was due to the change in fair value of the Companys forward currency hedge arrangement that economically hedges the euro-denominated purchase price of the acquisition of the PMMA business. Commenting on the Companys first quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, We had a solid start to the year with first quarter earnings similar to last year despite operating in a more challenging business environment as geopolitical factors in Europe pressure supply chains, customer production and energy costs in the region. BERWYN, Pa--(BUSINESS WIRE)-- 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 Net sales in the first quarter increased 41% versus prior year. Bern, 26.06.2023 - The totally revised Data Protection Act, including its implementing legislation, comes into force on 1 September 2023. Net sales in the full year increased 3% versus prior year. APILON 52 BIO Bio-based TPU Polymers and Compounds, APINAT F BIO Biodegradable TPC Compounds, Modifier A / NA Binder for Concrete Modification, Polycarbonate Polyethylene Terephthalate (PC/PET), APILON 52 A/C Thermoabrasion Resistant TPU, Supporting Chemistry & Engineering Education, Responding to Natural Disasters Kentucky Tornado Devastation, Trinseo Raises Funds for Shanghai School Shoe Donation, Quality and Environment, Health and Safety, Trinseo Management System Standards and Certification, Evaluation, Certification and Product Classification, Regulatory Compliance and Industry Standards, Product Safety Overview and Material Safety Data Sheets, Transparency in Supply Chains Act / Modern Slavery and Human Trafficking Statement. 2022 Year-to-Date Highlights During the three and nine months ended September 30, 2022, Trinseo recognized net loss from continuing operations of $117.9 million and $63.7 million , respectively, and Adjusted EBITDA of $ (36.6) million and $305.5 million , respectively. At Trinseo, we promise to treat your data with respect and will not share your information with any third party. These performance measures are not intended to represent net income or other measures of financial performance. 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. Other items for the three months ended March 31, 2022 and 2021 relate to certain of the Companys strategic initiatives. The amount for the three months ended June 30, 2022 includes a $15.3 million expense related to the revaluation of the Companys net deferred tax assets in Switzerland, which were originally established as part of the Swiss cantonal tax reform measures enacted in 2019. Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2022 financial results. This performance is a reflection of the portfolio changes weve made over the past 15 months. 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. We believe these measures are useful for investors and management in evaluating business trends and performance each period. 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. Trinseo had approximately $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. These measures are also used to manage our business and assess current period profitability, as well as to provide an appropriate basis to evaluate the effectiveness of our pricing strategies. Note 2: Reconciliation of Non-GAAP Performance Measures to Net Income. Andy MyersTel: +1 610-240-3221Email:aemyers@trinseo.com. 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, 2023. There are limitations to using the financial performance measures noted above. Net sales in the fourth quarter decreased 25% versus prior year due mostly to lower sales volume across all reporting segments caused by continued customer destocking exacerbated by extended year-end shutdowns at many customer sites, Covid-19 impacts in China, and underlying demand weakness stemming from an uncertain economic and geopolitical macroenvironment. Due to the significant interest we saw during the process, we anticipate a successful separation of these assets when the market conditions improve. 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. If you experience any issues with this process, please contact us for further assistance. The year ended December 31, 2022 excludes $4.3 million of tax expense, primarily related to the revaluation of the Companys net deferred tax assets in Switzerland, partially offset by a benefit from the release of a valuation allowance in one of the Companys subsidiaries in Luxembourg. 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. Fourth quarter net loss from continuing operations of $364 million was $365 million below prior year and Adjusted EBITDA of $6 million was $127 million below prior year. Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainably-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers. As a result, it may be difficult to use these or similarly-named financial measures that other companies may use, to compare the performance of those companies to our performance. * The results of this segment are comprised entirely of earnings from Americas Styrenics, our 50%-owned equity method investment. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section. 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. The FDPIC's work to ensure a smooth transition to the new law is proceeding according to plan. 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. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. The replay will be available until May 5, 2023. BSE took the resubmission date as original date of submission and levied a fine of Rs. 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.

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