Element Solutions Inc. · NYSE:ESI
Element Solutions — Platform Specialty Products — FY2013 Earnings Presentation
8 slides from Element Solutions's earnings presentation, Mar 27, 2014
Slide 1: 2013 Year End Supplement
2013 Year End Supplement March 27, 2014
Slide 2: Disclaimer
Disclaimer Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. Such discussion and statements will often contain words as “expect,” “anticipate,” “believe,” “intend,” “plan” and “esti
Slide 3: 2013 Full Year in Review
2013 Full Year in Review Record Combined Full Year Adjusted EBITDA- $180 million. Record Combined Adjusted GP% margin- 51.3%. Expanded opportunities in core printed circuit board coating business in Asia with new high margin product offerings. Automotive OEM programs in place to drive top line g
Slide 4: Historical Financial Performance
Historical Financial Performance Pro forma Sales (1) Adjusted EBITDA and % of Sales (2) ($ in millions) ($ in millions) $744 $746 $180 $729 $731 $694 $162 $160 $172 $153 $160 $172 $43 $594 $158 $139 $42 $34 $145 $116 $28 $106 $17 $23 $584 $569 $559 $574 $536 $137 $119 $120 $449 $111 $100 $83 15.6% 1
Slide 5: Segment Trends Predecessor/Successor Combined
Platform Segment Trends Predecessor/Successor Combined 2008 2009 2010 2011 2012 2013 Revenues (in millions) Performance Materials $583.9 $449.0 $535.9 $568.6 $559.5 $574.5 Graphic Solutions $160.2 $145.0 $158.3 $160.2 $171.7 $171.4 Total Revenue $744.1 $594.0 $694.2 $728.8 $731.2 $745.9 Segment Adju
Slide 6: Reconciliation of Net Income to Adjusted EBITDA
Platform Reconciliation of Net Income to Adjusted EBITDA Predecessor/Successor Combined Year ended December 31 (in millions) 2008 2009 2010 2011 2012 2013 Net income (loss) $(36.1) $(82.8) $23.9 $1.0 $46.0 $(181.0) Adjustments to reconcile to net income (loss): Income tax expense (benefit) 1.1 (6.4)
Slide 7: Reconciliation of Non-GAAP Measures
Platform Reconciliation of Non-GAAP Measures Predecessor/Successor Combined Year ended December 31 (in millions) 2007 2008 2009 2010 2011 2012 2013 Adjusted EBITDA $ 116.5 $ 106.2 $ 139.2 $ 153.0 $ 162.4 $ 180.1 Gross CAPEX 10.2 6.5 7.5 8.7 13.4 10.8 Change in NWC (37.2) (20.7) 7.0 1.0 1.5 0.1 Free
Slide 8: Adjusted EPS
Platform Adjusted EPS 2013 Adjusted Net Income After Tax (full Year Combined) $89,585 Adjusted EPS Diluted $0.68 Adjusted Diluted Share Count 132,519(1) (1) Adjusted Diluted Share Count assumes conversion and issuance of all outstanding warrants, conversion of exchange rights held by selling stockho
Platform Specialty Products — FY2013 Earnings Presentation on 6ix