Nordson Corporation · NASDAQ:NDSN

Nordson — Q4 2023 Earnings Presentation

17 slides from Nordson's earnings presentation, Dec 14, 2023

  1. Slide 1: 4Q & Full-Year Fiscal 2023 Webcast

    4Q & Full-Year Fiscal 2023 Webcast December 14, 2023 NBS NEXT OWNER MINDSET WINNING TEAMS

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as

  3. Slide 3: Agenda

    Agenda 4Q and Full-Year Fiscal 2023 Webcast – December 14, 2023  4th Quarter and Full-Year Highlights  Enterprise Performance  Sales Performance and Earnings Review  FY 2024 and 1Q 2024 Guidance  Balance Sheet and Cash Flow  Q&A Sundaram Nagarajan Joseph Kelley Stephen Shamrock Lara Mahoney Pr

  4. Slide 4: Highlights

    Highlights Strong execution and  Ascend Strategy on track to achieve NBS Next driving record sales $3 billion in sales and 30%+ and EBITDA EBITDA margins by fiscal 2025  FY 2023 Results:  Record sales  31% EBITDA Margin  Record cash flow  Solid result in dynamic environment 4

  5. Slide 5: Total Company – 4Q 2023

    Total Company – 4Q 2023 Sales  Reported sales increased 5%  7% acquisitive growth and favorable currency of 1%  Organic decrease of 3% driven by electronics dispense and biopharma EBITDA* 4Q 2022 4Q 2023 ∆  EBITDA was quarterly record of $227 million, 32% of Sales $683.6 $719.3 5% sales; 200 bas

  6. Slide 6: Total Company – Fiscal 2023

    Total Company – Fiscal 2023 Record Annual Sales  Annual sales of $2.6 billion, an increase of 2%  4% growth driven by the CyberOptics and ARAG acquisitions, 1% decrease in both organic volume and currency EBITDA*  EBITDA was a record $819 million, 31% of sales FY 2022 FY 2023 ∆  EBITDA increased

  7. Slide 7: Industrial Precision Solutions – 4Q 2023

    Industrial Precision Solutions – 4Q 2023 Sales  Sales of $405 million, a 14% sales increase  4% organic growth; 7% acquisition; 2% favorable currency impact  Record sales driven by industrial coatings, polymer processing and packaging product lines  Strong system sales in the Americas and Asia P

  8. Slide 8: Medical and Fluid Solutions – 4Q 2023

    Medical and Fluid Solutions – 4Q 2023 Sales  Sales of $169 million, decrease of 7%  Organic decrease of 8%, slightly offset by a favorable currency impact of 1%  Organic sales decrease was driven by medical fluid components and fluid solutions product lines EBITDA* EBITDA and Margin  EBITDA was

  9. Slide 9: Advanced Technology Solutions – 4Q 2023

    Advanced Technology Solutions – 4Q 2023 Sales  Sales of $145 million, decrease of 1%  16% organic decline; 15% acquisition  Organic sales decline was driven by softness in products serving the semiconductor market EBITDA* EBITDA and Margin $40  EBITDA was $35 million, or 24% of sales $35 26% 24%

  10. Slide 10: Balance Sheet and Cash Flow

    Balance Sheet and Cash Flow Strong Cash Flow with Sufficient Liquidity to Invest in Strategic Initiatives Free Cash Flow Net Debt  Q4 cash flow of $153 million, leading to record free  Cash totaled $116 million cash flow of $607 million in fiscal 2023  2.0 net debt leverage ratio based on trailin

  11. Slide 11: NBS Next Owner Mindset Winning Teams

    NBS Next Owner Mindset Winning Teams  Investing in the best  Empowered leaders  Developing winning organic growth making decisions close teams at each level of opportunities to the customer the organization  Customer needs and  Agile, operational  Right balance between simplicity driving new e

  12. Slide 12: 2024 Fiscal Full-Year Guidance

    2024 Fiscal Full-Year Guidance Full-Year Sales Guidance Full-Year Growth from Record 2023 $2,629 $2,725 - $2,855 $2,590  Ascend strategy is advancing and delivering results  Backlog, including ARAG, is ~$800 million  Fiscal 2024 sales growth of 4% to 9%  Adjusted earnings in the range of 1% to 8

  13. Slide 13: 2024 Fiscal 1Q Guidance

    2024 Fiscal 1Q Guidance 1Q 2024 Sales Guidance Steady performance moving into 1Q $615 - $640 $609 $610  1Q 24 sales of $615 - $640 million  1Q 24 adjusted earnings per share in the range of $2.00 - $2.10  Increased interest expense is ~$0.15 per share headwind in 1Q 24 1Q22 1Q23 1Q24 1Q 2024 Adju

  14. Slide 14: Questions?

    Questions? Giordson

  15. Slide 15: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Adjusted Operating Profit and EBITDA (Dollars in thousands) 15

  16. Slide 16: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Profitability (Dollars in thousands) 16

  17. Slide 17: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Profitability (Dollars in thousands) Starting in fiscal 2024, the Company’s definition of adjusted earnings will exclude acquisition related amortization for both current and historical periods. Historical periods for 2022 and 2023 listed here for reference. 17

Nordson — Q4 2023 Earnings Presentation on 6ix