Exhibit 99.1
News Release
airproductslogoa161.jpg
Air Products and Chemicals, Inc.
7201 Hamilton Boulevard
Allentown, PA 18195-1501
www.airproducts.com





Air Products Reports Fiscal 2020 Fourth Quarter GAAP EPS# and Adjusted EPS* of $2.19
Resilient Business Model, Financial Strength, and Continued Successful Execution of Growth Strategy Amid COVID-19


Fiscal 2020 (comparisons versus prior year):
GAAP EPS of $8.55, up eight percent, including an estimated $0.60-$0.65 negative impact from COVID-19; GAAP net income of $1,931 million, up seven percent; and GAAP net income margin of 21.8 percent, up 150 basis points
Adjusted EPS* of $8.38, up two percent, including an estimated $0.60-$0.65 negative impact from COVID-19; adjusted EBITDA margin* of 40.9 percent, up 200 basis points
Q4 FY20 (comparisons versus prior year):
GAAP EPS of $2.19, down four percent, including an estimated $0.15-$0.20 negative impact from COVID-19; GAAP net income of $495 million, down five percent; and GAAP net income margin of 21.3 percent, down 140 basis points
Adjusted EPS* of $2.19, down four percent, including an estimated $0.15-$0.20 negative impact from COVID-19; adjusted EBITDA margin* of 40.4 percent, down 150 basis points

Fiscal 2020 Highlights
Demonstrated strength, character and compassion during COVID-19: supported the talented, dedicated Air Products workforce; kept global plants running and supplied critical products; won significant new growth projects worldwide; supported local communities
Announced $7 billion NEOM project, which will enable Air Products to supply carbon-free hydrogen to power buses and trucks around the world by 2025 and eliminate three million tons per year ("TPY") of carbon dioxide ("CO₂") emissions and eliminate smog-forming emissions and other pollutants from the equivalent of over 700,000 cars

Signed long-term on-site contract for world-scale coal-to-methanol production facility in Indonesia, supporting energy independence and enabling the production of nearly two million TPY of methanol

Announced additional large-scale projects and acquisitions: largest-ever U.S. investment in Gulf Coast Ammonia project (Texas City, Texas); completed acquisition of five operating U.S. hydrogen plants from and supplied hydrogen to PBF Energy (California and Delaware); brought steam methane reformer and cold box onstream (Geismar, Louisiana) supplying products to the Gulf Coast pipeline network; began construction of three nitrogen plants to condition imported natural gas for Gasunie national energy project (Groningen, Netherlands); won on-site supply contracts with next-generation electronics manufacturers in China and Malaysia

Selected to supply world-leading LNG process technology and equipment for Mozambique’s first onshore LNG project; Qatargas’ massive LNG production expansion project in Ras Laffan, State of Qatar; and Sonatrach’s GL1Z LNG facility in Arzew, Algeria

Executed successful debt offering of about US$5 billion (US$3.8 billion and €1.0 billion), supporting significant opportunities to invest in high-return industrial gas projects

-more-

The following information was filed by Air Products Chemicals Inc (APD) on Thursday, November 12, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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