Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Norsk Hydro As Ord — Q2 2024 Earnings Presentation
12 slides from Norsk Hydro Asa's earnings presentation, Jul 23, 2024
Slide 1: 2Q 2024 Results
2Q 2024 Results July 23, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking statements," as defined under U.S. federal securities laws, with respect to sales, earnings and other matters. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "estimat
Slide 3: 2Q 2024 Financial Performance Overview
2Q 2024 Financial Performance Overview ($ in millions, Consolidated sales increased 0.5% driven by higher sales except per share data) 2Q 2024 2Q 2023 % Change volumes in Paint Stores and Performance Coatings Groups, partially offset by lower sales volume in Sales $6,271.5 $6,240.6 0.5% Consumer B
Slide 4: Paint Stores Group (PSG)
Paint Stores Group (PSG) Sales up 3.5% against a DD comparison – LSD contributions from volume and price – MSD growth in residential repaint in a down market – continue to see return from investments in market-focused sales reps – New residential outperformed market and returned to growth in the q
Slide 5: Consumer Brands Group (CBG)
Consumer Brands Group (CBG) Sales down 10.7% driven by lower volumes, the impact of the China architectural divestiture and unfavorable foreign exchange – North America DIY consumer under considerable pressure; broad macro inflation, depleted savings and household debt – Strong DD prior year compa
Slide 6: Performance Coatings Group (PCG)
Performance Coatings Group (PCG) Sales increased LSD – modest volume growth and acquisition impact, partially offset by unfavorable foreign exchange HSD growth in Asia, LSD growth in Europe and Latin America and LSD decline in North America Sales growth led by Industrial Wood, including acquis
Slide 7: Guidance
Guidance Third Quarter 2024 Updated Full Year 2024 Sales Sales Up low-single digit percentage Up low-single digit percentage Segments Foreign Exchange: < -1.0% PSG: up low to mid-single digit percentage Segments PSG: up low to mid-single digit percentage CBG: down high-single to low-
Slide 8: Strong Financial Position
Strong Financial Position Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $1,206.4 $1,202.9 $1,500 $1,050 $600 $350 2Q 2024 2Q 2023 2024 2025 2026 2027 2028 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 6/30/2024 6/30/2024 Cash $200.0 Total Deb
Slide 9: Appendix
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Slide 10: Debt Summary (as of June 30, 2024)
Debt Summary (as of June 30, 2024) 6/30/2024 $ in millions Balance Int. Rate Short-Term: Maturities of Long-Term Debt Domestic $ 1,337.2 5.51% Non-Domestic 21.1 3.47% USD $1,500 Total Short-Term Borrowings $ 1,358.3 5.48% EUR Long-Term: $1,250 (1) 2-year, 4.05% notes due 2024 600.0 3.70% $1,050 10-y
Slide 11: Regulation G Reconciliation: Adjustments to Segment Profit
Regulation G Reconciliation: Adjustments to Segment Profit Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Paint Consumer Performance Paint Consumer Performance Stores Brands Coatings Stores Brands Coatings ($ in millions) Group Group Group Admin Consolidated Group Group Group Admi
Slide 12: Regulation G Reconciliation: Adjusted EPS and EBITDA
Regulation G Reconciliation: Adjusted EPS and EBITDA Three Months Ended Three Months Ended June 30, 2024 June 30, 2023 Tax Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After-Tax Diluted net income per share $ 3.50 $ 3.07 Items related to Restructuring Plan: Severance and other $ - $ - - $ 0.0