Element Solutions Inc. · NYSE:ESI
Element Solutions — FY2018 Earnings Presentation
11 slides from Element Solutions's earnings presentation, Feb 1, 2019
Slide 1: Final Full Year 2018 Financial Results
Final Full Year 2018 Financial Results February 1 2019
Slide 2: Safe Harbor
Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or o
Slide 3: Non-GAAP Information
Non-GAAP Information To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company uses the following non-GAAP financial measures: EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS, normalized adjusted
Slide 4: 2018 Full-Year Financial Results
2018 Full-Year Financial Results Continuing Operations FY 2018 Results ▪ Net sales grew 4% year-over-year in FY 2018, driven by strong performance in Industrial, Constant Assembly and Energy verticals Currency1* Organic2* o Industrial saw stable growth in Europe and ($ in millions) FY 2018 FY 2017 Y
Slide 5: Appendix
Appendix 5
Slide 6: 4Q 2018 Financial Results
4Q 2018 Financial Results Continuing Operations 4Q 2018 Financial Results Constant Currency* Organic* ($ in millions) 4Q 2018 4Q 2017 YoY% YoY% YoY% Net Sales $478 $489 (2)% 1% 1% Electronics 282 294 (4)% (1)% (1)% Industrial & Specialty 196 195 1% 4% 4% GAAP Diluted EPS $(0.05) ($0.06) Adj. EBITDA*
Slide 7: Net Income (Loss) Reconciliation to Adj. EBITDA (Continuing Operations)
Net Income (Loss) Attributable to Common Stockholders Reconciliation to Adj. EBITDA (Continuing Operations) ($ millions) Q4 2018 Q4 2017 FY 2018 FY 2017 Net income (loss) attributable to common stockholders $35 $(142) $(324) $(296) Add (subtract): Net income (loss) attributable to the non-controllin
Slide 8: GAAP Net Income (Loss) Reconciliation to Adjusted Diluted EPS and Normalized Adjusted Diluted EPS
GAAP Net Income (Loss) Reconciliation to Adjusted Diluted EPS and Normalized Adjusted Diluted EPS (Continuing Operations) ($ millions, except per share amounts) Q4 2018 Q4 2017 FY 2018 FY 2017 Net income (loss) attributable to common stockholders $35 $(142) $(324) $(296) Net income (loss) from disco
Slide 9: Reconciliation to Adjusted Share Counts
Reconciliation to Adjusted Share Counts (amounts in millions) Q4 2018 Q4 2017 FY 2018 FY 2017 (Average) (Average) Basic outstanding common shares 289 287 288 287 Number of shares issuable upon conversion of PDH Common Stock 4 5 4 5 Number of shares issuable upon conversion of Series A Preferred Stoc
Slide 10: Organic Net Sales Growth Reconciliation
Organic Net Sales Growth Reconciliation Continuing Operations Three Months Ended December 31, 2018 Change in Pass- Reported Net Impact of Constant Organic Net Sales Through Metals Acquisitions Sales Growth Currency Currency Growth Pricing Electronics (4)% 3% (1)% 0% (1)% (1)% Industrial & Specialty
Slide 11: Non-GAAP Definitions
Non-GAAP Definitions Adjusted Earnings Per Share (EPS): Adjusted earnings per share is defined as net income (loss) from continuing operations attributable to common stockholders adjusted to reflect adjustments consistent with the Company’s definition of adjusted EBITDA. Additionally, the Company el