Slide 1: Q1 2024 Quarterly Results and Outlook Conference Call
Q1 2024 Quarterly Results and Outlook Conference Call May 2, 2024 © 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. 1
Slide 2: Administrative Items
ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Enviri's quarterly earnings, including the Company’s earnings press release issued today and this presentation, is available on the Investor Relations portion of Enviri’s website. Company management will discuss the C
Slide 3: CEO Perspective
CEO PERSPECTIVE • Delivered strong revenue and earnings growth in Q1 • Businesses executed well during quarter; Harsco Environmental and Clean Earth exceeded expectations • Harsco Rail moved back into Continuing Operations; business is focused on additional operating improvement and continuing comme
Slide 4: Q1 2024 Financial Summary
Q1 2024 FINANCIAL SUMMARY KEY PERFORMANCE INDICATORS $ In millions except EPS; Continuing Operations Q1 2024 Q1 2023 CHANGE • Revenues +7% YoY Revenues, as reported 600 561 7% • Adjusted EBITDA +19% YoY, with Harsco Environmental (HE) and Operating Income – GAAP 26 32 (19)% Clean Earth (CE) realizin
Slide 5: Q1 2024 Harsco Environmental
Q1 2024 HARSCO ENVIRONMENTAL • Revenues increased SUMMARY RESULTS ($ MILLIONS) Q1 2024 Q1 2023 % 9% YoY due to Revenues, as reported 299 273 9% increased volumes Operating Income – GAAP 20 22 (12)% and price 1 Adjusted EBITDA - Non GAAP 49 44 12% 1 Adjusted EBITDA Margin - Non 16.5% 16.1% GAAP • Adj
Slide 6: Q1 2024 Clean Earth
Q1 2024 CLEAN EARTH • Revenues increased SUMMARY RESULTS ($ MILLIONS) Q1 2024 Q1 2023 % 2% compared with Revenues, as reported 226 222 2% prior-year quarter Operating Income – GAAP 21 16 25% due to higher 1 Adjusted EBITDA - Non GAAP 34 27 25% 1 Adjusted EBITDA Margin - Non pricing GAAP 15.1% 12.3%
Slide 7: Q1 2024 Harsco Rail
Q1 2024 HARSCO RAIL • Revenues increased SUMMARY RESULTS ($ MILLIONS) Q1 2024 Q1 2023 % 16% compared with Revenues, as reported 75 65 16% prior-year quarter due Operating Income – GAAP (9) 2 nmf to higher equipment 1 Adjusted EBITDA - Non GAAP 2 2 12% and services demand 1 Adjusted EBITDA Margin - N
Slide 8: 2024 Outlook – Consolidated
2024 OUTLOOK – CONSOLIDATED Prior 2024 Outlook (without Harsco 2024 Outlook (with Harsco Rail) Rail) GAAP OPERATING INCOME / (LOSS) $136 - 153M $122 - 142M 1 ADJUSTED EBITDA $325 - 342M $300 - 320M GAAP DILUTED EARNINGS (LOSS) PER $(0.26) - (0.47) $(0.28) - (0.52) SHARE FROM CONTINUING OPERATIONS AD
Slide 9: Q2 2024 Outlook
Q2 2024 OUTLOOK YEAR-OVER-YEAR CONSIDERATIONS INCLUDE: 1 Adjusted EBITDA expected to be between Adjusted EBITDA below $ prior-year quarter due to FX 78M - 85M translation, product volumes, Performix sale and investments Adjusted diluted earnings per share 1 from continuing operations is expected Adj
Slide 10: Q&A
Q&A © 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. 10
Slide 11: Appendix
APPENDIX © 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. 11
Slide 12: Non-GAAP Measures
NON-GAAP MEASURES Measurements of financial performance not calculated in accordance with GAAP should be considered as supplements to, and not substitutes for, performance measurements calculated or derived in accordance with GAAP. Any such measures are not necessarily comparable to other similarly-
Slide 13: 2024 Segment Outlook
2024 SEGMENT OUTLOOK Excluding unusual items REVENUES Low single-digit YoY growth, excluding FX translation impacts 1 ADJUSTED EBITDA Unchanged YoY at mid-point, including FX translation impacts LST, services pricing net of any inflation, site improvements, new DRIVERS + contracts / sites - Commodit
Slide 14: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended March 31 2024 2023 Diluted earnings (loss) per share from
Slide 15: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) (Continued from Previous Slide) (a) Certain strategic costs incurred at Corp
Slide 16: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF PROJECTED ADJUSTED DILUTED EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS TO DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS (Unaudited) Projected Projected Three Months Ending Twelve Months Ending June 30 December
Slide 17: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Consolidated (In thousands) Environmental Clean Earth Harsco Rail Corporate Totals Three Months Ended March 31, 2024: Operating inc
Slide 18: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS) AS REPORTED BY SEGMENT (Unaudited) Harsco Consolidated (In thousands) Environmental Clean Earth Harsco Rail Corporate Totals Three Months Ended March 31, 2023: Operating inc
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO CONSOLIDATED INCOME (LOSS) FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended March 31 (In thousands) 2024 2023 Consolidated income (loss) from continuing operations $ (15,741)
Slide 20: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF PROJECTED CONSOLIDATED ADJUSTED EBITDA TO PROJECTED CONSOLIDATED INCOME FROM CONTINUING OPERATIONS (Unaudited) Projected Projected Three Months Ending Twelve Months Ending June 30 December 31 2024 2024 (In millions) Low High Lo
Slide 21: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF HARSCO RAIL PROJECTED ADJUSTED EBITDA TO HARSCO RAIL PROJECTED OPERATING INCOME (LOSS) (Unaudited) Harsco Rail Projected Twelve Months Ending December 31 2024 (In millions) Low High Operating income $ 3 $ 5 Depreciation and amo
Slide 22: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED FREE CASH FLOW TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Three Months Ended March 31 (In thousands) 2024 2023 Net cash provided (used) by operating activities $ 1,348 $ 36,912 Less capital expenditures (
Slide 23: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF PROJECTED ADJUSTED FREE CASH FLOW TO PROJECTED NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) Projected Twelve Months Ending December 31 2024 (In millions) Low High Net cash provided by operating activities $ 132 $ 162 L
Slide 24: © 2024 Enviri. All Rights Reserved. This document and the information set forth herein
© 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. Any disclosure or copying of this document and its contents without the prior written approval of Enviri Corporation is prohibited. All Rights Reserved.