Enviri Corporation · NYSE:NVRI
Enviri — Q2 2022 Earnings Presentation
27 slides from Enviri's earnings presentation, Aug 2, 2022
Slide 1: Q2 2022 Quarterly Results and Outlook
Q2 2022 Quarterly Results and Outlook Conference Call August 2, 2022
Slide 2: Administrative Items
ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Harsco's quarterly earnings, including the Company’s earnings press release issued today and this presentation, is available on the Investor Relations portion of Harsco’s website. Company management will discuss the C
Slide 3: CEO Perspective
CEO PERSPECTIVE – Second quarter impacted by extraordinary inflation at Clean Earth – Taking aggressive action to mitigate challenges, with more than $30M of price-cost actions implemented for 2H2022 in Clean Earth; engagement throughout organization is positive and CE expects to be neutral on infla
Slide 4: Q2 2022 Financial Summary
Q2 2022 FINANCIAL SUMMARY KEY PERFORMANCE INDICATORS $ in millions except EPS; Continuing – Revenues up 3%: HE +4%; CE +2% Q2 2022 Q2 2021 Change Operations Revenues, as reported 481 469 3% – Q2 2022 performance impacted by extraordinary inflation and FX Operating Income - GAAP (97) 26 nmf translati
Slide 5: Q2 2022 Environmental
Q2 2022 ENVIRONMENTAL 1 SUMMARY RESULTS ADJUSTED EBITDA BRIDGE $ in millions $ in millions 70 Q2 Q2 % 1.8 2022 2021 60 57.8 1.3 52.7 Revenues, as reported 278 273 2% 50 (8.2) 40 Operating Income – 24 30 (22)% Q2 2021 LST/Services Eco- SG&A, FX & Other Q2 2022 GAAP Products 1 Adjusted EBITDA 53 58 (9
Slide 6: Q2 2022 Clean Earth
Q2 2022 CLEAN EARTH 1 SUMMARY RESULTS ADJUSTED EBITDA BRIDGE $ in millions $ in millions 30 Q2 Q2 2022 2021 % 20 18.4 Revenues, as reported 203 196 4% 10 1.6 4.7 (13.0) 0 (2.3) Operating Income – (112) 7 nmf Q2 2021 Hazardous Soil-Dredge SG&A / Q2 2022 GAAP Waste Materials Other 1 Adjusted EBITDA 5
Slide 7: 2022 Outlook - Consolidated
2022 OUTLOOK - CONSOLIDATED3 2022 Outlook Prior 2022 Outlook 2021 Actuals GAAP OPERATING INCOME $(53)- (63)M $81 - 96M $88M ADJUSTED EBITDA 1 $210 - 220M $250 - 265M $252M GAAP DILUTED EARNINGS PER SHARE $(1.58) - $(1.72) $0.02 - $0.10 $0.28 ADJUSTED DILUTED EARNINGS PER SHARE 1 $0.00 - $(0.13) $0.3
Slide 8: Q3 2022 Outlook
Q3 2022 OUTLOOK2 YEAR-OVER-YEAR CONSIDERATIONS INCLUDE: 1 Adjusted EBITDA is expected to be between $ $ 54M - 59M Adjusted EBITDA modestly below prior-year quarter: FX and Adjusted diluted earnings per share is 1 inflationary impacts partially expected to be between offset by higher volumes and $ $
Slide 9: Harsco
HARSCO © 2022 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation. 9
Slide 10: Appendix
Appendix HARSCO © 2022 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation. 10
Slide 11: 2022 Segment Outlook
2022 SEGMENT OUTLOOK Excluding unusual items REVENUES Low single-digit YoY growth, excluding FX translation impacts 1 ADJUSTED EBITDA $208M - $214M (margins stable YoY) + Services and ecoproduct demand growth, new contracts / sites TM - DRIVERS Exited contracts / sites, FX translation, inflation REV
Slide 12: Non-GAAP Measures
NON-GAAP MEASURES Measurements of financial performance not calculated in accordance with GAAP should be considered as supplements to, and not substitutes for, performance measurements calculated or derived in accordance with GAAP. Any such measures are not necessarily comparable to other similarly-
Slide 13: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE TO DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended Six Months Ended June 30 June 30 2022 2021 2022 2021 Diluted earnings (loss) per sha
Slide 14: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE TO DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) (Continued from Previous Slide) (a) Income recognized related to a gain on the repurchase of $25.0 mill
Slide 15: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO DILUTED LOSS PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Twelve Months Ended December 31 2021 Diluted earnings per share from continuing operati
Slide 16: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF PROJECTED ADJUSTED DILUTED EARNINGS (LOSS) PER SHARE TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS (a) (Unaudited) Projected Projected Three Twelve Months Ending Months Ending September 30 December 31 2022 2022 Low H
Slide 17: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Consolidated (In thousands) Environmental Earth Corporate Totals Three Months Ended June 30, 2022: Operating income (l
Slide 18: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Consolidated (In thousands) Environmental Earth Corporate Totals Three Months Ended June 30, 2021: Operating income (l
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO CONSOLIDATED INCOME (LOSS) FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended June 30 (In thousands) 2022 2021 Consolidated income (loss) from continuing operations $ (105,605)
Slide 20: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA TO CONSOLIDATED LOSS FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Twelve Months Ended December 31 (In thousands) 2021 Consolidated loss from continuing operations $ 28,115 Add back (deduct): Equity in inco
Slide 21: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF PROJECTED CONSOLIDATED ADJUSTED EBITDA TO PROJECTED CONSOLIDATED INCOME FROM CONTINUING OPERATIONS (a) (Unaudited) Projected Projected Three Months Twelve Months Ending Ending September 30 December 31 2022 2022 (In millions) Lo
Slide 22: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF HARSCO CLEAN EARTH PROJECTED ADJUSTED EBITDA TO HARSCO CLEAN EARTH PROJECTED OPERATING INCOME (LOSS) (Unaudited) Harsco Clean Earth Projected Twelve Months Ending December 31 2022 (In millions) Low High Operating loss $ (110) $
Slide 23: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF HARSCO ENVIRONMENTAL PROJECTED ADJUSTED EBITDA TO HARSCO ENVIRONMENTAL PROJECTED OPERATING INCOME (Unaudited) Harsco Environmental Projected Twelve Months Ending December 31 2022 (In millions) Low High Operating income $ 88 $ 9
Slide 24: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Three Months Ended Six Months Ended June 30 June 30 (In thousands) 2022 2021 2022 2021 Net cash provided by operating activities $ 152,054 $ 36,703 $ 117,7
Slide 25: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Twelve Months Ended December 31 (In thousands) 2021 Net cash provided by operating activities $ 72,197 Less capital expenditures (158,326) Less expenditure
Slide 26: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF PROJECTED FREE CASH FLOW TO PROJECTED NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) (a) Projected Twelve Months Ending December 31 2022 (In millions) Low High Net cash provided by operating activities $ 240 $ 255 Less n
Slide 27: Harsco
HARSCO © 2022 Harsco Corporation. This document and its contents remain the property of Harsco Corporation. Any disclosure or copying of this document and its contents without the prior written approval of Harsco Corporation is prohibited. All Rights Reserved.