LSB Industries (LXU) Investor Presentation - Slideshow

Company Overview - LSB Industries manufactures and sells chemical products for agricultural, mining, and industrial markets, operating three production facilities[5] - As of September 30, 2021, the company's trailing twelve months (TTM) revenue was $455 million[5,6] - The revenue breakdown by business segment is: Agricultural 45%, Industrial 44%, and Mining 11%[5] - The adjusted gross margins for the company have improved over time, reaching 33% for the YTD period ending September 30, 2021[5] Financial Performance - The company's Q3 2021 net sales increased by 72% year-over-year[41] - Q3 2021 Adjusted EBITDA reached a record of $377 million, a 268% increase year-over-year[41] - The company completed an exchange transaction, converting $310 million of preferred stock into common stock[41] - A new $500 million senior notes issuance with a 625% interest rate was completed, redeeming $435 million of outstanding notes[41] Market Outlook - Corn is currently trading over $560/bushel and is expected to remain at these levels for the balance of the year and throughout 2022[27,28] - Nola UAN benchmark pricing has increased from approximately $300/ton to over $500/ton over the last 90 days[27]