Quaker Houghton · NYSE:KWR
Quaker Houghton — Quaker Chemical — Q1 2012 Earnings Presentation
9 slides from Quaker Houghton's earnings presentation, Apr 30, 2012
Slide 1: Quaker Chemical Corporation Investor Conference Call May 1, 2012
Quaker Chemical Corporation Investor Conference Call May 1, 2012
Slide 2: Regulation G and Forward-Looking Statements
1 Regulation G The attached charts include Company information that does not conform to generally accepted accounting principles (GAAP). Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the Company a
Slide 3: 1st Quarter 2012 Results
2 1st Quarter 2012 Results » Net Income up $1.3 million or 13% in 1Q 2012 vs. 1Q 2011 EPS of $0.91 equal with 1Q 2011, including $0.08 dilutive impact related to 2Q 2011 equity offering Favorable $0.12 and $0.11 diluted EPS impact due to uncertain tax position falloff in 1Q 2012 and 1Q 2011 » Sa
Slide 4: Outlook
3 Outlook Short - term » Global economic environment remains mixed Sluggish global economy, especially in Europe and China Raw material cost escalation toward end of 1Q 2012 and continuing in 2Q 2012 Continued recovery of manufacturing in North America and additional new business » Price incre
Slide 5: Product Volume by Quarter
4 Product Volume by Quarter 25,000 30,000 35,000 40,000 45,000 50,000 55,000 4Q08 YTD Avg. 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Metalworking Process Chemicals Segment Volume increases from 4Q 2011 to 1Q 2012 Chart 1
Slide 6: Annualized Run Rate of Adjusted EBITDA
5 Annualized Run Rate of Adjusted EBITDA 2012 Annualized EBITDA tracking ahead of Full Year 2011 Note: Excludes restructuring, CEO transition costs, equity affiliate out - of - period charge, non - cash gain from purchase of equity affiliate and non - income tax contingency charge Annualized EBITDA
Slide 7: NA Steel Market Data: Weekly Tonnage of Raw Steel Production
Chart 3 NA Steel Market Data Weekly Tonnage of Raw Steel Production 2050 2000 1950 1900 1850 1800 1750 1700 1650 1600 1550 1800 1450, (thousands of net tons) Update: Api 24, 2012 Ql G2 3 QF Gl G2 a3 ae ai a Tpuaker
Slide 8: Summary
7 Summary » Significant increases in quarterly sales and net income over Q1 2011, with equity offering dilution impacting year - over - year EPS comparison » 1Q 2012 and 1Q 2011 include $0.12 and $0.11 diluted EPS of tax benefits related to falloff of uncertain tax provisions » Gross margin showed i
Slide 9: Reconciliation of Annualized Run Rate of Adjusted EBITDA
8 Reconciliation of Annualized Run Rate of Adjusted EBITDA 2008 2009 2010 2011 Q1 2012 Net income attributable to Quaker Chemical Corporation 11,132 16,220 31,807 43,569 11,946 Add / (subtract): Depreciation 10,879 9,525 9,867 11,455 3,057 Amortization 1,177 1,078 988 2,338 746 Interest expense 5,50