Caleb Boehnlein's questions to Tronox Holdings PLC (TROX) leadership • Q1 2025
Question
Caleb Boehnlein asked how the Botlek closure would affect inventory reduction and free cash flow, and whether the $50-$60 million in higher mining costs would see any relief in the second half of 2025.
Answer
CFO John Srivisal and CEO John Romano stated the Botlek shutdown will generate significant cash by drawing down previously built inventory. Srivisal clarified that the majority of the mining cost headwind is concentrated in the first half of 2025, with some benefit expected in the latter half of the year as the Fairbreeze mine is commissioned.