CC - Quick Take - Live from the Truist Securities Industrials & Services Conference

Research evidence excerpt

CC - Quick Take - Live from the Truist Securities Industrials & Services Conference

Truist Securities

Equity Research Report June 16, 2026

INDUSTRIALS: Chemicals The Chemours Company (CC)

CC - Quick Take - Live from the Truist Securities Industrials & Peter Osterland, CFA

404-926-5136 Services Conference

Peter.Osterland@truist.com

Alek Ledvina We hosted CC today at the Truist Securities Industrials & Services Conference. Our

404-439-7399 takeaways from today's meetings:

Alek.Ledvina@truist.com • TSS: CC expects that revenues from data center cooling applications will ramp through

the end of the decade, with more interest from customers (and accordingly more

likelihood of sales in the 2027-28 timeframe) currently around two-phase direct-to-chip

technology as it does not require reconfiguration of existing data centers. Two-phase

Current Price (Jun. 15, $22.43 immersion cooling is expected to be a longer-term growth opportunity offering significant 2026)

improvements in water and energy usage vs alternatives. For overall segment margins,

Stock Rating BUY CC noted that as the business continues to grow driven by a transition to HFOs in the

Unchanged stationary market, the company expects the resulting mix impact to support margins

remaining in the low 30s.

Price Target $30.00 • TT: expecting stable volumes, continuing to see margin improvement Unchanged opportunities. CC is producing to its expectation that its TiO2 volumes will be

approximately flat YOY for 2026. Mgmt expects that improved pricing dynamics will likely

be sticky, with sulfur prices likely to remain elevated. CC sees opportunities to improve

its cost position through improved operating performance, more favorable feedstock 4 Page Document