Innospec Inc. · NASDAQ:IOSP

Innospec — Q1 2019 Earnings Presentation

17 slides from Innospec's earnings presentation, May 8, 2019

  1. Slide 1: Q1 2019 Earnings Presentation

    Q1 2019 Earnings Presentation 8 MAY 2019 | 10AM EDT

  2. Slide 2: Forward Looking Statements

    EARNINGS PRESENTATION | MAY 2019 Forward Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included or incorporated herein may constit

  3. Slide 3: Use of Non-GAAP Financial Measures

    EARNINGS PRESENTATION | MAY 2019 Use of Non-GAAP Financial Measures The information presented in this presentation includes financial measures that are not calculated or presented in accordance with Generally Accepted Accounting Principles in the United States (GAAP). These non-GAAP financial measur

  4. Slide 4: Earnings Conference Call

    EARNINGS PRESENTATION | MAY 2019 Earnings Conference Call David Jones Introduction VP, General Counsel & Chief Compliance Officer Business Commentary Patrick S. Williams President & CEO Ian Cleminson Financial Performance Executive Vice President & CFO 4 ©2018. Innospec Inc. All Rights Reserved.

  5. Slide 5: Summary of 1st Quarter Performance

    EARNINGS PRESENTATION | MAY 2019 Summary of 1st Quarter Performance All the key metrics of our business have improved Strong sales growth with revenues up 8 percent Operating income up 25 percent with all strategic businesses contributing GAAP EPS up 30 percent; Adjusted non-GAAP EPS up 23 percent I

  6. Slide 6: Financial Performance

    innospec’> Financial Performance

  7. Slide 7: Q1 2019 Consolidated Results

    EARNINGS PRESENTATION | MAY 2019 Q1 2018 Consolidated Results ($ in millions) $388.3 $360.7  Revenues up 8% $51.7 $1.25  Margin improvements drive 25% $43.9 $1.02 improvement in operating income $36.2  Adjusted EBITDA up 18% $28.9  GAAP EPS up 30%; Adjusted EPS up 23%  All strategic businesses

  8. Slide 8: Q1 2019 Fuel Specialties

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Fuel Specialties ($ in millions) $156.0 $143.4  Strong volumes drive revenue +11% growth of 9% 35.7% $32.9-4.1% 33.8% $28.2 PTS $33.8  Gross margins at top end of $29.2 expected range  Excellent operating income and adjusted EBITDA +9% +1.9% pts +17% +16%

  9. Slide 9: Q1 2019 Performance Chemicals

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Performance Chemicals ($ in millions) $124.0 $118.1  Sales volumes flat against very strong +13% comparative quarter $18.2 +3.4% $17.1 PTS  Negative currency impact of 5% 20.5% 22.5% $13.5  Margin improvements continue $12.1  Operating income up 12% -5% +

  10. Slide 10: Q1 2019 Oilfield Services

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Oilfield Services ($ in millions) $114.2 $92.9  Strong sales growth compared to Q1 +25% 2018 -8.0% 33.8% 33.0% PTS $12.1  Sequential sales growth of 5% $7.8  Margins down slightly impacted by $7.1 sales mix  Operating income continues to improve $3.0 up 1

  11. Slide 11: Q1 2019 Octane Additives

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Octane Additives ($ in millions)  No sales in the quarter  Operating loss of $2.8 million  No confirmed orders  Expect one final order Q2/3 -59% -58% ©2018. Innospec Inc. All Rights Reserved.

  12. Slide 12: Q1 2019 Corporate Items

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Corporate Items ($ in millions) $15.2  Costs impacted by accruals for share-based $13.0 25.3% 26.0% compensation  35% share price increase in Q1 2019  Tax rate driven by geographical mix of profits Corporate Costs Effective Tax Rate -59% Q1 2018 Q1 2019 ©2

  13. Slide 13: Q1 2019 Balance Sheet

    EARNINGS PRESENTATION | MAY 2019 Q1 2019 Balance Sheet ($ in millions) $309.8  Good operating cash generation $280.4  Working capital aligned with sales growth $87.8 $86.9 0.5  Capital expenditure includes $3.8 0.4 million for purchase of land & buildings at Herne, Germany  Net debt reduced with

  14. Slide 14: Concluding Comments

    innospec’> Concluding Comments

  15. Slide 15: Concluding Comments

    EARNINGS PRESENTATION | MAY 2019 Concluding Comments Long-term strategy continues to deliver growth and margin improvements GAAP EPS up 30 percent; Adjusted non-GAAP EPS up 23 percent Includes 23 cent headwind of share-based compensation as share price rose 35 percent All strategic businesses are co

  16. Slide 16: Your Opportunity to Ask Questions

    YOUR OPPORTUNITY TO ASK QUESTIONS

  17. Slide 17: Final Comments

    EARNINGS PRESENTATION | MAY 2019 Final Comments Thank you for your continued support Q2 2019 Results August 2019  August 6 - Results Release after Close Sun Mon Tue Wed Thu Fri Sat  August 7 - Conference Call 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 ©2018

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