Slide 1: Q1 2020 Quarterly Results Conference Call
Q1 2020 Quarterly Results Conference Call May 8, 2020 © 2020 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation
Slide 2: Administrative Items
ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Harsco's quarterly earnings, including the Company’s earnings press release issued today and this presentation, is available on the Investor Relations portion of Harsco’s website. Company management will discuss the C
Slide 3: CEO Perspective
CEO PERSPECTIVE ▪ Execution led to strong Q1 results ▪ ESOL acquisition: strong engagement throughout the organization and integration work moving quickly to capture synergies ▪ Rail operations making progress under SCOR program; pace of change to accelerate in coming months ▪ COVID-19: significant
Slide 4: Rail SCOR Program (Supply Chain Operations Recovery)
Rail SCOR Program (Supply Chain Operations Recovery) Transform Culture Strengthen Competency Data Quality – New operational leadership – Increase employee – Improve supply-chain and engaged and driving progress engagement with manufacturing data communications – Integrate workforce and – Identify an
Slide 5: Q1 2020 Financial Summary
Q1 2020 FINANCIAL SUMMARY KEY PERFORMANCE INDICATORS ◦ Adjusted EBITDA of $57 million above guidance range CHANGE VS. 2019 ◦ Clean Earth better due to $ in millions except EPS; Continuing Operations Q1 2020 $ % or bps hazardous and dredge material volumes, partially timing related Revenues, as repor
Slide 6: Q1 2020 Environmental
Q1 2020 ENVIRONMENTAL SUMMARY RESULTS ADJUSTED EBITDA BRIDGE1 $ in millions $ in millions 51.3 Q1 Q1 50 % or bps 2020 2019 (2.5) 2.8 45 43.0 (4.7) Revenues, as reported 242 261 (8)% 40 (1.6) (2.2) 35 Operating Income – Q1 2019 New-Exited LST/Services Ni & Applied OpEx/SG&A FX/Other Q1 2020 11 24 (57
Slide 7: Q1 2020 Clean Earth
Q1 2020 CLEAN EARTH SUMMARY RESULTS ADJUSTED EBITDA BRIDGE1 $ in millions $ in millions 20 Q1 Q1 15 3.1 % or bps 10.8 2020 2019 0.5 10 1.1 7.5 (1.4) Revenues, as reported 79 64 24% 5 0 Q1 2019 Contaminated Hazardous Dredge SG&A/ Q1 2020 Operating Income – 4 1 nmf Materials Waste Other GAAP Adjusted
Slide 8: Q1 2020 Rail
Q1 2020 RAIL SUMMARY RESULTS ADJUSTED EBITDA BRIDGE1 $ in millions $ in millions 9.2 10 0.9 7.8 0.7 Q1 Q1 % or bps 2020 2019 5 (2.9) (0.1) Revenues, as reported 78 69 14% 0 -5 Operating Income – 6 5 20% Q1 2019 Machine Aftermarket Contract Other Q1 2020 GAAP Sales Parts / Protran Services Adjusted E
Slide 9: COVID-19: Proud to be "Essential"
COVID-19: Proud to be "Essential" – Most customer sites originally – Limited operational disruptions – Manufacturing not impacted shuttered in March/April have given essential nature of services – Backlog is firm and continue to since restarted – Medical/retail demand within execute against large ba
Slide 10: Q&A
Q&A 10 © 2020 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation
Slide 11: Appendix
Appendix © 2020 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation
Slide 12: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS (LOSS) AS REPORTED (Unaudited) Three Months Ended March 31 2020 2019 Diluted earnings (loss) per share from
Slide 13: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES (a) Costs at Corporate associated with supporting and executing the Company's growth strategy (Q1 2020 $13.8 million pre-tax; Q1 2019 $2.7 million pre-tax). (b) Harsco Environmental Segment severance costs (Q1 2020 $5.2 million pre-tax). (c) Harsco Environmental S
Slide 14: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Three Months Ended March 31, 2020: Operat
Slide 15: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth (a) Rail Corporate Totals Three Months Ended March 31, 2019: Op
Slide 16: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth (a) Rail Corporate Totals Three Months Ended June 30, 2019: Ope
Slide 17: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Three Months Ended September 30, 2019: Op
Slide 18: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Three Months Ended December 31, 2019: Ope
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Twelve Months Ended December 31, 2019: Op
Slide 20: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (Unaudited) Three Months Ended March 31, 2020 (In thousands) 2020 2019 Net cash provided (used) by operating activities $ (11,536) $ 14,838 Less capital expendi
Slide 21: © 2019 Harsco Corporation. This document and its contents remains the property of Harsco
© 2019 Harsco Corporation. This document and its contents remains the property of Harsco Corporation. Any disclosure and/or copying of this document and/or its contents without the prior written approval of Harsco Corporation is prohibited. All Rights Reserved © 2019 Harsco Corporation. This documen