Luxfer Holdings Plc · NYSE:LXFR
Luxfer — Q1 2025 Earnings Presentation
23 slides from Luxfer's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025
First Quarter 2025 April 30, 2025
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: Q1 2025 Key Highlights & Metrics
Q1 2025 KEY HIGHLIGHTS & METRICS Q1 2025 FINANCIALS* Strong Sales Growth: Delivered 9% YoY sales increase, driven by robust demand in Defense and Aerospace. Elektron Fuels Growth: Segment performance led by MRE, $90.5M $0.23 UGR-E and Flares supported by strategic contract execution and expanding U.
Slide 4: Q1 Consolidated Results
Q1 CONSOLIDATED RESULTS (amounts in millions, Q1 VS. Q1 SALES ($M) except EPS) 2025 2024 Sales $90.5 +8.9% $0.3 $0.5 $7.2 $90.5 $83.1 Adj. EBITDA $11.3 +9.7% Adj. EBITDA Margin 12.5% 10bps Q1 2024 FX Price Volume/Mix Q1 2025 Adj. EPS $0.23 +15.0% • Volume/Mix: Strong off-cycle Defense demand in Elek
Slide 5: Elektron Q1 2025 Financial Results
ELEKTRON Q1 2025 FINANCIAL RESULTS SALES ($M) Adj. EBITDA Q 1 2 0 2 5 S E G M E N T (SALES BY SEGMENT ($M)) Q1’25 $8.7 Results $49.4 Defense, First Response, $6.2 76% Healthcare $37.7 $14.1 17.6% Margin $24.4 Transportation 11% 16.4% 13.5% Margin Margin $10.9 Specialty Industrial 1% Q1 2024 Q1 2025
Slide 6: Gas Cylinders Q1 2025 Financial Results
GAS CYLINDERS Q1 2025 FINANCIAL RESULTS SALES ($M) Adj. EBITDA Q 1 2 0 2 5 S E G M E N T (SALES BY SEGMENT ($M)) Q1’25 $4.1 Results $45.4 $41.1 Defense, First Response, -7% $2.6 $7.1 Healthcare 9.0% $19.2 Transportation -23% 1 3 Margin .5% 6.3% Margin Margin $14.8 Specialty Industrial 25% Q1 2024 Q1
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: • Defense & Aerospace Momentum: Robust demand across MRE and Flares • Interest Expense: ~$4M — with also a recovering aerospace backlog. • Capex: $1
Slide 8: Luxfer Business System
LUXFER BUSINESS SYSTEM UGR-E: Co • Highly Portable & Flexible: Ideal for tegy ent Excmme r a St loym ell rc en ia deployment in environments where kitchen ep ce D staff or facilities may be unavailable. l • Low-Touch Operation: Minimal setup time with no need for extensive mess facilities, E cellenc
Slide 9: Key Highlights and Achievements
KEY HIGHLIGHTS AND ACHIEVEMENTS Operational Strategic Margin & Cash Targeted Minimal Tariff Execution & Realignment: Discipline: Innovation: Disruption: Resilience: Deployed Critical materials Graphic Arts Permanent cost Delivered solid divestiture and lean-driven UGR-E reciprocal duty Q1 earnings a
Slide 10: Q&A
Q&A FIRST QUARTER 2025 EARNINGS PRESENTATION CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 10
Slide 11: Appendices
APPENDICES Segment Financial Detail and Reconciliation of Non-GAAP Measures CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 11
Slide 12: Q1 2025: Total Segment Results
Q1 2025: TOTAL SEGMENT RESULTS Sales ($M) Adj. EBITDA ($M) +8.9% +9.7% $0.3 $7.2 $3.7 $3.7 $0.5 $0.6 $0.1 $0.5 $90.5 $83.1 $11.3 $10.3 Q1 2024 FX Price Volume/Mix Q1 2025 Q1 2024 FX Price Net Deflation Volume/Mix Other Q1 2025 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVEL
Slide 13: Q1 2025: Elektron Segment Results
Q1 2025: ELEKTRON SEGMENT RESULTS Sales ($M) Adj. EBITDA ($M) +31.0% +40.3% $3.7 $0.2 $6.5 $1.3 $8.7 $13.0 $1.3 $1.2 $49.4 $6.2 $37.7 Q1 2024 Price Volume/Mix Q1 2025 Q1 2024 FX Price Net Deflation Volume/Mix Other Q1 2025 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPME
Slide 14: Q1 2025: Gas Cylinders Segment Results
Q1 2025: GAS CYLINDERS SEGMENT RESULTS Sales ($M) Adj. EBITDA ($M) -9.5% -36.6% $0.6 $1.8 $0.3 $5.8 $0.1 $1.8 $45.4 $41.1 $4.1 $2.8 $2.6 Q1 2024 FX Price Volume/Mix Q1 2025 Q1 2024 FX Price Inflation Volume/Mix Q1 2025 CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT •
Slide 15: Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 15
Slide 16: Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 16
Slide 17: Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 17
Slide 18: 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 18
Slide 19: Reconciliation: Adjusted EBITDA
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: ADJUSTED EBITDA CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 19
Slide 20: 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 20
Slide 21: Reconciliation: Adjusted Effective Tax Rate
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES: ADJUSTED EFFECTIVE TAX RATE CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 21
Slide 22: 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 22
Slide 23: CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK
CUSTOMER FIRST • INTEGRITY • ACCOUNTABILITY • INNOVATION • PERSONAL DEVELOPMENT • TEAMWORK 23