Luxfer Holdings Plc · NYSE:LXFR
Luxfer — Q4 2024 Earnings Presentation
26 slides from Luxfer's earnings presentation, Feb 26, 2025
Slide 1: Fourth Quarter 2024 Earnings Presentation
FOURTH QUARTER 2024 EARNINGS PRESENTATION February 26, 2025 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Examples of such forward-looking statements include but are not l
Slide 3: Q4 2024 Key Highlights & 2024 Key Metrics
Q4 2024 KEY HIGHLIGHTS & 2024 KEY METRICS Profitability: Adjusted EBITDA margin of 14.4%, reflecting Q4 2024 FY 2024 consistent operational performance throughout the year. FINANCIALS* FINANCIALS* Financials Balance sheet: Reduced net debt and low leverage (0.7x), reflecting solid financial health.
Slide 4: Q4'24 Financial Results & Bridges
Q4’24 FINANCIAL RESULTS & BRIDGES (amounts in millions, except EPS) Gross Gross Adj. Adj. EBITDA Adj. Free Cash Sales Profit Margin EBITDA Margin EPS Flow Net Debt Q4 2024 $96.0 $22.5 23.4% $13.8 14.4% $0.29 $30.0 $41.0 vs. Q4 2023 (YoY) +9.3% +34.7% +440bps +45.3% +360bps +61.1% +$15.9 +$28.9 vs. Q
Slide 5: Elektron Q4 '24 Financial Results
ELEKTRON Q4 '24 FINANCIAL RESULTS (amounts in millions) Q4 Vs.Q4 Vs.Q3 FY Vs. Vs.Q4 Vs.Q3 FY Q4’24 SALES 2024 2023 2024 2024 2023 BY SEGMENT ($M) ‘23 '24 Vs .’ 2 3 Sales $47.5 +31.6% -2.7% $176.0 -5.9% Defense, First Response, +12.2 +$3.7 - $7.3 Healthcare Gross Margin 31.8% +1160bps +330bps 29.5% +
Slide 6: Gas Cylinders Q4 '24 Financial Results
GAS CYLINDERS Q4 '24 FINANCIAL RESULTS (amounts in millions) Q4 Vs.Q4 Vs.Q3 FY Vs. Vs.Q4 Vs.Q3 FY Q4’24 SALES 2024 2023 2024 2024 2023 BY SEGMENT ($M) ‘23 '24 Vs .’ 2 3 Sales $48.5 -6.2% +13.8% $186.3 -0.1% Defense, First Response, -$0.5 +$4.8 +$4.6 $7.4 Healthcare Gross Margin 15.3% -290bps -70bps
Slide 7: 2025 Guidance
2025 GUIDANCE Sales Revenue Adjusted EPS Adjusted EBITDA Free Cash Flow Flat $0.95 to $1.05 $48M to $52M $20M to $25M Primary Drivers: Key Assumptions • Broad-based macro conditions remain uneven • Interest Expense: $4M - $5M v • Stronger Defense sales, although weaker General Industrial • Capex: $1
Slide 8: Luxfer Business System - Driven Innovation
LUXFER BUSINESS SYSTEM - DRIVEN INNOVATION THE LUXFER BUSINESS SYSTEM: Bulk Gas Transportation: y Co ra teg ent Exc mme St loy m ell rc p en ia De ce l Excellence Operations People CUSTOMER GROWTH Lean • Lightweight & High-Capacity: Our modules hold significantly more hydrogen in a smaller footprint
Slide 9: Key Highlights and Achievements
KEY HIGHLIGHTS AND ACHIEVEMENTS G R O W I N G C O N F I D E N C E A N D R E S I L I E N C E W I T H C L E A R PAT H T O V A L U E C R E AT I O N Operational Driving Innovation Sustained Margin Strategic Positioning for Execution & Stability: in Clean Energy: Improvements: Priorities: 2025 and beyond
Slide 10: Q&A
Q&A FOURTH QUARTER 2024 EARNINGS PRESENTATION CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 10
Slide 11: Appendices
APPENDICES Segment Financial Detail and Reconciliation of Non-GAAP Measures CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 11
Slide 12: Q4 2024: Elektron Segment Results (excluding Legal)
Q4 2024: ELEKTRON SEGMENT RESULTS (excluding Legal) Sales ($M) Adj. EBITDA ($M) +213.3% +31.6% $0.3 $47.5 $9.4 $3.4 $0.5 $2.7 $2.7 $14.6 $6.2 $36.1 $0.2 $3.0 Q4 2023 FX Price Volume/Mix Q4 2024 Q4 2023 FX Price Net Deflation Volume/Mix Other Q4 2024 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNO
Slide 13: Q4 2024: Gas Cylinders Segment Results
Q4 2024: GAS CYLINDERS SEGMENT RESULTS Sales ($M) Adj. EBITDA ($M) -6.2% -32.3% $2.0 $0.4 $5.2 $0.1 $2.0 $51.7 $3.3 $0.3 $48.5 $6.5 $4.4 Q4 2023 FX Price Inflation Volume/Mix Other Q4 2024 Q4 2024 Price Volume/Mix Q4 2024 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMEN
Slide 14: FY'24 Financial Results & Bridges
FY’24 FINANCIAL RESULTS & BRIDGES (amounts in millions, except EPS) Gross Gross Adj. Adj. EBITDA Adj. Free Cash Sales Profit Margin EBITDA Margin EPS Flow FY 2024 $362.3 $82.2 22.7% $49.8 13.7% $0.99 $47.7 vs. FY 2023 -3.0% +6.3% +200bps +1.2% +50bps +2.1% +$30.9 SALES ($M) Adj EBITDA ($M) -3.0% +1.
Slide 15: FY 2024: Elektron Segment Results (excluding Legal)
FY 2024: ELEKTRON SEGMENT RESULTS (excluding Legal) Sales ($M) Adj. EBITDA ($M) -5.9% -2.2% $0.3 $12.5 $1.1 $1.2 $0.3 $3.1 $187.1 $176.0 $32.5 $9.6 $31.8 $12.5 FY 2023 FX Price Volume/Mix FY 2024 FY 2023 FX Price Net Deflation Volume/Mix Other FY 2024 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • IN
Slide 16: FY 2024: Gas Cylinders Segment Results
FY 2024: GAS CYLINDERS SEGMENT RESULTS Sales ($M) Adj. EBITDA ($M) -0.1% +7.8% $1.0 $13.8 $14.9 $1.7 $186.4 $186.3 $9.7 $1.0 $0.1 $13.8 $- $16.7 $18.0 FY 2023 FX Price Volume/Mix FY 2024 FY 2023 FX Price Inflation Volume/Mix Other FY 2024 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PE
Slide 17: Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 17
Slide 18: Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 18
Slide 19: Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 19
Slide 20: Reconciliation: Adjusted Net Income and Adjusted EPS
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 20
Slide 21: Reconciliation: YTD Adjusted Net Income and Adjusted EPS
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: YTD ADJUSTED NET INCOME AND ADJUSTED EARNINGS PER SHARE CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 21
Slide 22: Reconciliation: Adjusted EBITDA
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: ADJUSTED EBITDA CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 22
Slide 23: Reconciliation: Net Sales and Adjusted EBITDA by Segment
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: NET SALES AND ADJUSTED EBITDA BY SEGMENT CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 23
Slide 24: Reconciliation: Adjusted Effective Tax Rate
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: ADJUSTED EFFECTIVE TAX RATE CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 24
Slide 25: Reconciliation: Net Debt Ratio and Free Cash Flow
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: NET DEBT RATIO AND FREE CASH FLOW NET DEBT RATIO (UNAUDITED) FREE CASH FLOW (UNAUDITED) CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 25
Slide 26: CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK
CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 26