Koppers announces new five-year, $50 million deal for Crosstie elimination

Represents the fourth Class I railroad served by Koppers Recovery Resources

Supports the sustainability goal of minimizing environmental footprint

PITTSBURGH, October 10, 2022 /PRNewswire/ — Koppers Recovery Resources LLC (KRR), a wholly owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), an integrated global supplier of treated wood products, wood treatment chemicals and compounds of carbon, announced today that it has entered a new five-year period, $50 million agreement with a Class I railroad customer for the collection and management of end-of-life railroad ties and other materials.

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Under this agreement, which continues until December 31, 2027, KRR will collect and level the railway sleepers at the end of their useful life. Depending on their condition, part of the recovered sleepers will be sold as agricultural or construction material, the rest being transformed into biofuel used to produce electricity for certain industrial facilities.

Including this agreement, Koppers now serves four of the six Class I railroads and remains active in exploring opportunities to increase its market presence in the industry. Koppers continues to expand its business of converting wood products otherwise destined for landfill into a circular energy solution that uses treated wood waste as biofuel to replace fossil fuels, while advancing its contributions to the circular economy and sustainability.

“This further reinforces our company’s proven reputation as a complete industry solutions provider,” said Jim Sullivan, COO of Koppers. “By repurposing end-of-life sleepers and working in tandem with our customer to help them improve their sleeper flow logistics, we also benefit from optimizing our operating network – an integral component of our strategy. growth and our path to $300 million of EBITDA generation in 2025.”

“Providing solutions that represent a more efficient use of resources, especially at the end-of-life stage, creates a better outcome for the environment,” added Leslie Hyde, director of sustainable development at Koppers. “Pursuing this cradle-to-cradle strategy further reinforces our goal of protecting what matters and safeguarding the future. It enables our customers to advance their own sustainability initiatives by reducing their environmental impact and using new applications for existing materials – everyone wins.

About Koppers
Koppers, whose head office is in Pittsburgh, Pennsylvania, is an integrated global supplier of treated wood products, wood treatment chemicals and carbon compounds. Our products and services are used in a variety of niche applications in a diverse range of end markets, including the railroad, specialty chemical, utility, residential lumber, agricultural, aluminum, steel, rubber and construction. We serve our customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia and Europe. The shares of Koppers Holdings Inc. are listed on the New York Stock Exchange under the symbol “KOP”.

For more information visit: www.koppers.com. Media inquiries should be directed to Ms. Jessica Franklin at [email protected] or 412-227-2025. Inquiries from the investment community should be directed to Ms. Quynh McGuire at [email protected] or 412-227-2049.

Safe Harbor Statement
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, acquisitions, restructuring , the decline in the value of Koppers assets and the effect of any resulting impairment charges, profitability and expected expenses and cash outflows. All forward-looking statements involve risks and uncertainties.

All statements contained herein that are not clearly historical in nature are forward-looking, and words such as “outlook”, “direction”, “forecast”, “believe”, “anticipate”, “expect”, “estimate”, “could”, “shall”, “should”, “continue”, “plan”, “potential”, “intend”, “probable”, or other similar words or expressions are generally intended to identify forward-looking statements. Any forward-looking statements contained herein, in other press releases, written statements or other documents filed with the Securities and Exchange Commission, or in Koppers’ communications and discussions with investors and analysts in the normal course of business through meetings, telephone calls and conference calls, regarding future dividends, expectations regarding sales, earnings, cash flow, operating efficiency, restructurings, benefits of acquisitions, divestitures, joint ventures or other matters, as well as financings and debt reduction, are subject to known and unknown risks, uncertainties and contingencies.

Many of these risks, uncertainties and contingencies are beyond our control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. Factors that could affect these forward-looking statements include, among others, the impact of changes in commodity prices, such as oil and copper, on product margins; general economic and commercial conditions; disruption in US and global financial markets; potential difficulties in protecting our intellectual property; our debt ratings and our ability to repay or refinance our outstanding debt as it matures; our ability to operate within the limits of our covenants; potential impairment of our goodwill and/or long-lived assets; demand for Koppers goods and services; competitive conditions; interest rate and currency exchange rate fluctuations; the availability and costs of key raw materials; adverse resolution of claims against us, as well as those discussed in more detail elsewhere in this release and in documents filed with the Securities and Exchange Commission by Koppers, in particular our most recent Annual Report on Form 10-K and any subsequent filings by Koppers with the Securities and Exchange Commission and foreign exchange commission. All forward-looking statements contained in this release speak only as of the date of this release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unforeseen events.

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