Enviri Corporation · NYSE:NVRI
Enviri — Harsco — Q1 2019 Earnings Presentation
24 slides from Enviri's earnings presentation, May 9, 2019
Slide 1: Investor Presentation: Q1 2019 Results & Outlook
Investor Presentation Q1 2019 Results & Outlook May 9, 2019 © 2019 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation.
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Conference Call and Access to Information More information on Harsco's quarterly earnings, including the Company’s press release issued today and this presentation, is available on the Investor Relations portion of Harsco’s website. Company management will discuss the Company's
Slide 3: Q1 2019 Financial Summary
Q1 2019 FINANCIAL SUMMARY KEY PERFORMANCE INDICATORS ▪ Q1 adjusted operating income at high-end of guidance range Change vs. 2018 ($36-43 million) $ in millions except EPS Q1 2019 $ % or bps ▪ Industrial and Rail segments Revenues 447 39 10% achieved strong earnings GAAP Operating Income 38 2 5% gro
Slide 4: 2019 Outlook - Consolidated
2019 OUTLOOK - CONSOLIDATED 2019 Outlook 2019 Prior 2018 Actual OPERATING INCOME - GAAP $192 to $207M $192 to $212M $191M ADJUSTED OPERATING INCOME1 $207 to $222M $200 to $220M $187M ADJUSTED OPERATING INCOME MARGIN1 11.0% to 11.5% 10.5% to 11.5% 10.8% DILUTED EARNINGS PER SHARE - GAAP $1.15 to $1.3
Slide 5: Q2 2019 Outlook
Q2 2019 OUTLOOK YEAR-OVER-YEAR CONSIDERATIONS INCLUDE: Adjusted operating income1 is expected to be betweenn METALS & MINERALS Increased services demand $53M –$58M versus $52M in Q2 2018 and site growth, offset by SG&A investments, FX translation, exits and commodity prices Adjusted diluted earnings
Slide 6: Appendix
Appendix © 2019 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation.
Slide 7: Q1 2019 Metals & Minerals
Q1 2019 Business METALS & MINERALS Highlights ▪ Revenue change SUMMARY RESULTS LST CONTINUING SITES reflects FX $ in millions Million tons translation impacts, Q1 Q1 % or offset by higher 2019 2018 bps services demand and Revenues, as Altek contributions 261 265 (1)% reported Operating Income – GAAP
Slide 8: Q1 2019 Industrial
Q1 2019 INDUSTRIAL Business Highlights ▪ Revenue increase SUMMARY RESULTS REVENUE MIX reflects continued $ in millions $ in millions strong demand and Q1 Q1 % or higher product prices 2019 2018 bps Revenues, as 117 84 40% reported ▪ Operating income Operating Income 17 12 37% increase as a result –
Slide 9: Q1 2019 Rail
Q1 2019 RAIL Business Highlights SUMMARY RESULTS REVENUE MIX ▪ Revenues increased $ in millions $ in millions due to higher Q1 Q1 % or bps domestic equipment 2019 2018 sales and Revenues, as reported 69 60 15% international after- market parts demand Operating Income 5.4 2.0 176% – GAAP Adjusted ope
Slide 10: 2019 Segment Outlook
2019 SEGMENT OUTLOOK Excluding unusual items 2019 VERSUS 2018 Revenues ▲ Mid-single to high-single digits % Operating Income ▲ Metals&&Minerals Minerals High-single digits % at mid-point, excluding unusual items Metals + LST/services demand, new contracts, operational savings, Altek integration Driv
Slide 11: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS EXCLUDING UNUSUAL ITEMS TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended Mar 31 2019 2018 (a) Diluted earnings pe
Slide 12: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS EXCLUDING UNUSUAL ITEMS TO DILUTED LOSS PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended June 30 2018 Diluted earnings per share from
Slide 13: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS EXCLUDING UNUSUAL ITEMS TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Twelve Months Ended December 31 2018 Diluted earnings per s
Slide 14: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF PROJECTED ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS EXCLUDING UNUSUAL ITEMS TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS (Unaudited) Projected Three Months Ending June 30 2019 Low High Diluted e
Slide 15: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED OPERATING INCOME (LOSS) EXCLUDING UNUSUAL ITEMS BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Metals & Harsco Harsco Consolidated (In thousands) Minerals Industrial Rail Corporate Tota
Slide 16: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED OPERATING INCOME (LOSS) EXCLUDING UNUSUAL ITEMS BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Harsco Harsco Consolidated (In thousands) Metals & Minerals Industrial Rail Corporate Tota
Slide 17: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF ADJUSTED OPERATING INCOME (LOSS), EXCLUDING UNUSUAL ITEMS BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Metals & Harsco Harsco Consolidated (In thousands) Minerals Industrial Rail Corporate Tot
Slide 18: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF PROJECTED ADJUSTED OPERATING INCOME, EXCLUDING UNUSUAL ITEMS TO OPERATING INCOME (Unaudited) Projected Three Months Ending June 30 2019 (In millions) Low High Operating income $ 41 $ 46 Corporate strategic and transaction relat
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW AND FREE CASH FLOW BEFORE GROWTH CAPITAL EXPENDITURES TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Three Months Ended Mar 31 (In thousands) 2019 2018 Net cash used by operating activities $ 14,838 $ (
Slide 20: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW AND FREE CASH FLOW BEFORE GROWTH CAPITAL EXPENDITURES TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Projected Twelve Months Ending December 31 2019 (In millions) Low High Net cash provided by operating
Slide 21: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF FREE CASH FLOW AND FREE CASH FLOW BEFORE GROWTH CAPITAL EXPENDITURES TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Twelve Months Ended December 31 (In thousands) 2018 Net cash provided by operating activities $ 192,0
Slide 22: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF RETURN ON INVESTED CAPITAL EXCLUDING UNUSUAL ITEMS TO NET INCOME (LOSS) FROM CONTINUING OPERATIONS AS REPORTED (a) (Unaudited) Trailing Twelve Months for Period Ended (a) Return on invested capital excluding unusual items is ne
Slide 23: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES HARSCO CORPORATION RECONCILIATION OF RETURN ON INVESTED CAPITAL EXCLUDING UNUSUAL ITEMS TO NET INCOME (LOSS) FROM CONTINUING OPERATIONS AS REPORTED (a) (Unaudited) Year Ended (a) Return on invested capital excluding unusual items is net income from December 31 con
Slide 24: Copyright notice
© 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 24