(benefit from) provision for income taxes. Free Flow is defined as cash provided by (used in) operating activities less cash used for purchases of property, plant and equipment as disclosed in the Consolidated Statements of Cash Flows.

We believe the presentation of these non-GAAP financial measures, when used in conjunction with GAAP financial measures, is a useful financial analysis tool that can assist investors in assessing the company’s operating performance and underlying prospects. This analysis should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. In the future, we may incur similar to those eliminated in this presentation. Our presentation of Adjusted EBITDA, Adjusted Net Income and Free Cash Flow should not be construed as an inference that our future results will be unaffected by unusual or infrequently occurring items. The non-GAAP financial measures we use may be defined differently from measures with the same or similar names used by other companies. This analysis, as well as the other information provide in this on Form 10-K, should be read in conjunction with the company’s financial statements and notes thereto included in this report.

The following table reconciles Adjusted EBITDA and Adjusted Net Income discussed above to net income (loss) attributable to Chemours for the periods presented: Year Ended December 31, (Dollars in millions) 2015 2014 2013 Net (loss) income attributable to Chemours ...... $ (90) $ 400 $ 423 Non-operating pension and other postretirement employee benefit costs...... (3) 22 114 Exchange losses (gains) ...... (19) 66 31 Restructuring charges ...... 285 21 2 impairments ...... 73 — — Losses (gains) on sale of business or ...... 9 (40) — Transaction, legal and other charges ...... 17 — — Benefit from income taxes relating to reconciling items(1) ..... (129) (16) (53) Adjusted Net Income ...... 143 453 517 Net income attributable to noncontrolling interests...... — 1 1 Interest ...... 132 — — and amortization...... 267 257 261 All remaining provision for income taxes(1) ...... 31 165 205 Adjusted EBITDA ...... $ 573 $ 876 $ 984 Weighted average number of common shares outstanding – Basic(2) ...... 180,993,623 180,966,833 180,966,833 Weighted average number of common shares outstanding – Diluted(2) ...... 181,737,587 180,966,833 180,966,833 Adjusted earnings per common share, basic ...... $ 0.79 $ 2.50 $ 2.86 Adjusted earnings per common share, diluted ...... $ 0.79 $ 2.50 $ 2.86 (Loss) earnings per common share, basic ...... $ (0.50) $ 2.21 $ 2.34 (Loss) earnings per common share, diluted(3) ...... $ (0.50) $ 2.21 $ 2.34

(1) Total of (benefit from) provision for income taxes reconciles to the amount reported in the consolidated statement of operations for the years ended December 31, 2015, 2014 and 2013.

(2) On July 1, 2015, DuPont distributed 180,966,833 shares of Chemours’ common stock to holders of its common stock. All earnings per common share amounts for the years ended December 31, 2014 and 2013 were calculated using the shares distributed on July 1, 2015.

(3) Diluted earnings per share considers the impact of potentially dilutive shares except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect.

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