Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Norsk Hydro As Ord — Q1 2024 Earnings Presentation
12 slides from Norsk Hydro Asa's earnings presentation, Apr 24, 2024
Slide 1: 1Q 2024 Results
1Q 2024 Results April 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: 1Q 2024 Financial Performance Overview
1Q 2024 Financial Performance Overview Consolidated sales decreased 1.4% and at the low-end ($ in millions, except per share data) 1Q 2024 1Q 2023 % Change of previously provided guidance – Lower than expected architectural volume partially offset by Sales $5,367.3 $5,442.4 -1.4% modest contributi
Slide 4: Paint Stores Group (PSG)
Paint Stores Group (PSG) Sales up 0.5% against a mid-teens comparison – flat volume and a modest benefit from price increase announced February 1 – Sales growth led by Residential Repaint – above market growth reflects recent investments. Modest growth in Commercial and Protective & Marine. – Prop
Slide 5: Consumer Brands Group (CBG)
Consumer Brands Group (CBG) Sales down 7.1% driven by lower volumes and the impact of divestitures, partially offset by price increases in Latin America and Europe – North America DIY consumer remains under pressure – Double-digit growth in Europe; low-single-digit growth in Latin America Segmen
Slide 6: Performance Coatings Group (PCG)
Performance Coatings Group (PCG) Sales decreased driven by lower volume which was partially offset by growth from acquisitions MSD growth in Asia and Europe, LSD decline in Latin America and MSD decline in North America Sales growth led by Industrial Wood, including acquisitions, and Coil shar
Slide 7: Guidance
Guidance Second Quarter 2024 Full Year 2024 Sales Sales Flat to up low-single-digit percentage Up low to mid-single-digit percentage Segments Foreign Exchange: < -1.0% PSG: up low to mid-single-digit percentage Segments PSG: up low to mid-single-digit percentage CBG: down low-single-
Slide 8: Strong Financial Position
Strong Financial Position Operating Cash Flow ($ in millions) Near-Term Debt Maturities (1) ($ in millions) $88.2 $1,500 $1,100 $1,050 $350 ($58.9) 1Q 2024 1Q 2023 2024 2025 2026 2027 2028 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 3/31/2024 3/31/2024 Cash $179.9 Total Debt
Slide 9: Appendix
2s xo) c oF) om or <x |
Slide 10: Debt Summary (as of March 31, 2024)
Debt Summary (as of March 31, 2024) 3/31/2024 $ in millions Balance Int. Rate Short-Term: Maturities of Long-Term Debt Domestic $ 1,235.3 5.47% Non-Domestic 21.0 3.46% USD $1,500 Total Short-Term Borrowings $ 1,256.3 5.44% EUR Long-Term: $1,250 7-year, 3.125% notes due (1) 2024 500.0 1.39% $1,100 2-
Slide 11: Regulation G Reconciliation: Adjustments to Segment Profit
Regulation G Reconciliation: Adjustments to Segment Profit Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 Performance Performance Paint Stores Consumer Coatings Paint Stores Consumer Coatings ($ in millions) Group Brands Group Group Admin Consolidated Group Brands Group Group Ad
Slide 12: Regulation G Reconciliation: Adjusted EPS and EBITDA
Regulation G Reconciliation: Adjusted EPS and EBITDA Three Months Ended Three Months Ended March 31, 2024 March 31, 2023 Tax Tax Pre-Tax Effect (1) After-Tax Pre-Tax Effect (1) After-Tax Diluted net income per share $ 1.97 $ 1.84 Acquisition-related amortization expense (2) $ 0.26 $ 0.06 0.20 $ 0.27