Roger Smith

Roger Smith asked how the clean hydrogen benefit (45V tax credit) would be reported in EBITDA going forward, specifically if it would be spread quarterly or shown as periodic larger numbers.

Answer

Todd Slater, CFO, clarified that now that the key emissions information has been received, the 45V tax credit will be included as a reduction to cost of goods sold as part of normal earnings on a quarterly basis, rather than being called out separately after the initial catch-up.

Roger Smith asked how Olin plans to report the clean hydrogen benefit in its EBITDA going forward, specifically whether it will be recognized as a quarterly amount or a larger, periodic number.

Answer

CFO Todd Slater clarified that, having received the necessary emissions information, the Section 45V tax credit will now be included as a reduction to cost of goods sold within Olin's normal quarterly earnings, rather than being called out separately as the Q3 catch-up was. He reiterated the $15 million to $20 million annual benefit for the next three years will flow through quarterly.