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Q1 2014 EARNINGS CALL – Albemarle Company

Albemarle Company · Apr 17, 2014 · 14 slides

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Slides

  1. Q1 2014 EARNINGS CALL – Albemarle Company – slide 1
    Albemarle Corporation First Quarter 2014 Earnings Conference Call/Webcast Thursday, April 17, 2014 9:00am ET
  2. Q1 2014 EARNINGS CALL – Albemarle Company – slide 2
    Forward-Looking Statements Some of the information presented in this presentation and discussions that follow, including, without limitation, statements with respect to product development, changes in productivity, market trends, price,…
  3. Q1 2014 EARNINGS CALL – Albemarle Company – slide 3
    First Quarter 2014 Financial Results 1Q 2014 Year-Over-Year Sequential ( in millions, except EPS) Net Sales 657 2% (5%) Segment Income1 128 (5%) (7%) Net Income ex SI1,2 77 (7%) (13%) EBITDA ex SI1, 3 137 (1%) (7%)…
  4. Q1 2014 EARNINGS CALL – Albemarle Company – slide 4
    Financial Highlights ( in millions) 1Q 2014 net income1 of 77M; 0.96 per share TTM Sales 2,900 1Q 2014 EBITDA2 of 137M, 21% EBITDA margin 2,800 1Q 2014 FCF3 of 128M up substantially y/y on 2,700 working capital improvements and…
  5. Q1 2014 EARNINGS CALL – Albemarle Company – slide 5
    Catalysts Solutions ( in millions) 1ST Qtr Performance 1ST Qtr Y/Y Sales Comparison ( in millions) 1Q 2014 1Q 2013 Sales Growth 6% Net Sales 296 280 6% Volume / Mix 5% Segment Income 57 55 4% Price 1% Segment Income 19% 20%…
  6. Q1 2014 EARNINGS CALL – Albemarle Company – slide 6
    Performance Chemicals ( in millions) 1ST Qtr Performance 1ST Qtr Y/Y Sales Comparison ( in millions) 1Q 2014 1Q 2013 Sales Growth 0% Net Sales 361 362 0% Volume / Mix 2% Segment Income 71 80 (11%) Price (2%) Segment Income…
  7. Q1 2014 EARNINGS CALL – Albemarle Company – slide 7
    Sales Volume Variance By Major Product Groups Volume Performance 1Q14 vs. 1Q13 TTM 1Q14 vs. TTM 1Q13 Heavy Oil Upgrading ++ ++ Clean Fuel Technology -- Performance Catalysts + Solutions Brominated Flame Retardants - + Mineral…
  8. Q1 2014 EARNINGS CALL – Albemarle Company – slide 8
    Financial Performance ( in millions) Other Financial Highlights Free Cash Flow (FCF) as of 3/31/2014 ( in millions) Three Months Ended March 31 Dividends Paid: 20 2014 2013 Dividend Growth (Y/Y): 10% Net Income1 57 84 Shares…
  9. Q1 2014 EARNINGS CALL – Albemarle Company – slide 9
    APPENDIX Non-GAAP Reconciliations 9
  10. Q1 2014 EARNINGS CALL – Albemarle Company – slide 10
    Segment Operating Profit & Segment Income ( in thousands) Three Months Ended March 31, 2014 2013 Total segment operating profit 127,169 130,108 Corporate & other (34,765) (15,221) Restructuring and other charges, net…
  11. Q1 2014 EARNINGS CALL – Albemarle Company – slide 11
    Net Income and EBITDA ( in thousands) Three Months Ended March 31, 2014 2013 Net income attributable to Albemarle Corporation 56,583 83,987 Add back: Non-operating pension and OPEB items (net of tax) 8,944 (1,297) Special items…
  12. Q1 2014 EARNINGS CALL – Albemarle Company – slide 12
    Net Debt ( in thousands) March 31, 2014 2013 Total-Long term debt 1,070,853 695,820 JV debt not guaranteed by Company (consolidated but guaranteed by others) (9,955) (14,499) Less Cash and cash equivalents (524,043)…
  13. Q1 2014 EARNINGS CALL – Albemarle Company – slide 13
    Diluted EPS Three Months Ended March 31, 2014 2013 Diluted earnings per share 0.71 0.94 Non-operating pension and OPEB items 0.11 (0.01) Special items 0.14 -- Diluted earnings per share excluding special and non-…
  14. Q1 2014 EARNINGS CALL – Albemarle Company – slide 14
    www.albemarle.com 14

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