Exhibit 99.1
TABLE OF CONTENTS
FINANCIAL SCHEDULES | Page | |
Recasted Segment Operating Results | ||
2022 Quarters and Full Year | 1 | |
2021 Quarters and Full Year | 2 | |
2020 Quarters and Full Year | 3 |
Recasted 2022 Segment Operating Results (Unaudited)
2022 | ||||||||||||||||||||
In millions | Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
Net sales | ||||||||||||||||||||
Performance Materials | $ | 148.4 | $ | 122.4 | $ | 144.9 | $ | 132.8 | $ | 548.5 | ||||||||||
Performance Chemicals | 172.6 | 243.7 | 267.6 | 191.2 | 875.1 | |||||||||||||||
Pavement Technologies product line | 27.9 | 77.8 | 88.3 | 47.3 | 241.3 | |||||||||||||||
Industrial Specialties product line | 144.7 | 165.9 | 179.3 | 143.9 | 633.8 | |||||||||||||||
Advanced Polymer Technologies | 61.8 | 53.8 | 69.5 | 59.6 | 244.7 | |||||||||||||||
Total net sales | $ | 382.8 | $ | 419.9 | $ | 482.0 | $ | 383.6 | $ | 1,668.3 | ||||||||||
Segment EBITDA | ||||||||||||||||||||
Performance Materials | $ | 77.9 | $ | 55.6 | $ | 61.2 | $ | 57.5 | $ | 252.2 | ||||||||||
Performance Chemicals | 30.8 | 61.7 | 65.7 | 2.2 | 160.4 | |||||||||||||||
Advanced Polymer Technologies | 10.3 | 3.8 | 11.3 | 14.6 | 40.0 | |||||||||||||||
Total segment EBITDA | $ | 119.0 | $ | 121.1 | $ | 138.2 | $ | 74.3 | $ | 452.6 | ||||||||||
Interest expense, net | (10.7 | ) | (15.1 | ) | (11.5 | ) | (17.0 | ) | (54.3 | ) | ||||||||||
(Provision) benefit for income taxes | (16.8 | ) | (16.7 | ) | (20.4 | ) | (4.1 | ) | (58.0 | ) | ||||||||||
Depreciation and amortization - Performance Materials | (9.0 | ) | (8.8 | ) | (8.9 | ) | (9.4 | ) | (36.1 | ) | ||||||||||
Depreciation and amortization - Performance Chemicals | (10.2 | ) | (9.5 | ) | (9.7 | ) | (13.7 | ) | (43.1 | ) | ||||||||||
Depreciation and amortization - Advanced Polymer Technologies | (7.9 | ) | (7.5 | ) | (7.1 | ) | (7.1 | ) | (29.6 | ) | ||||||||||
Pension and postretirement settlement and curtailment (charges) income, net | — | — | — | (0.2 | ) | (0.2 | ) | |||||||||||||
Restructuring and other income (charges), net | (3.6 | ) | (3.7 | ) | (3.3 | ) | (3.2 | ) | (13.8 | ) | ||||||||||
Acquisition and other-related costs | — | — | (1.9 | ) | (4.0 | ) | (5.9 | ) | ||||||||||||
Net income (loss) | $ | 60.8 | $ | 59.8 | $ | 75.4 | $ | 15.6 | $ | 211.6 |
Page 1 |
INGEVITY CORPORATION
Recasted 2021 Segment Operating Results (Unaudited)
2021 | ||||||||||||||||||||
In millions | Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
Net sales | ||||||||||||||||||||
Performance Materials | $ | 140.7 | $ | 126.0 | $ | 118.1 | $ | 132.0 | $ | 516.8 | ||||||||||
Performance Chemicals | 133.5 | 187.8 | 205.8 | 161.8 | 688.9 | |||||||||||||||
Pavement Technologies product line | 21.4 | 67.7 | 73.3 | 33.0 | 195.4 | |||||||||||||||
Industrial Specialties product line | 112.1 | 120.1 | 132.5 | 128.8 | 493.5 | |||||||||||||||
Advanced Polymer Technologies | 46.1 | 44.6 | 52.9 | 42.2 | 185.8 | |||||||||||||||
Total net sales | $ | 320.3 | $ | 358.4 | $ | 376.8 | $ | 336.0 | $ | 1,391.5 | ||||||||||
Segment EBITDA | ||||||||||||||||||||
Performance Materials | $ | 73.7 | $ | 61.3 | $ | 56.4 | $ | 58.0 | $ | 249.4 | ||||||||||
Performance Chemicals | 18.2 | 49.0 | 52.9 | 20.4 | 140.5 | |||||||||||||||
Advanced Polymer Technologies | 13.5 | 7.4 | 10.2 | 1.2 | 32.3 | |||||||||||||||
Total segment EBITDA | $ | 105.4 | $ | 117.7 | $ | 119.5 | $ | 79.6 | $ | 422.2 | ||||||||||
Interest expense, net | (12.4 | ) | (12.2 | ) | (11.6 | ) | (11.5 | ) | (47.7 | ) | ||||||||||
(Provision) benefit for income taxes | (13.1 | ) | (29.4 | ) | 4.8 | (7.0 | ) | (44.7 | ) | |||||||||||
Depreciation and amortization - Performance Materials | (9.1 | ) | (8.9 | ) | (8.9 | ) | (9.9 | ) | (36.8 | ) | ||||||||||
Depreciation and amortization - Performance Chemicals | (9.9 | ) | (10.0 | ) | (10.4 | ) | (9.7 | ) | (40.0 | ) | ||||||||||
Depreciation and amortization - Advanced Polymer Technologies | (8.0 | ) | (8.2 | ) | (8.3 | ) | (8.6 | ) | (33.1 | ) | ||||||||||
Restructuring and other income (charges), net | (3.9 | ) | (4.3 | ) | (4.1 | ) | (3.9 | ) | (16.2 | ) | ||||||||||
Acquisition and other-related costs | (0.3 | ) | (0.4 | ) | (0.2 | ) | 0.3 | (0.6 | ) | |||||||||||
Litigation verdict charge | — | — | (85.0 | ) | — | (85.0 | ) | |||||||||||||
Net income (loss) | $ | 48.7 | $ | 44.3 | $ | (4.2 | ) | $ | 29.3 | $ | 118.1 |
Page 2 |
INGEVITY CORPORATION
Recasted 2020 Segment Operating Results (Unaudited)
2020 | ||||||||||||||||||||
In millions | Q1 | Q2 | Q3 | Q4 | FY | |||||||||||||||
Net sales | ||||||||||||||||||||
Performance Materials | $ | 121.1 | $ | 84.4 | $ | 143.8 | $ | 160.7 | $ | 510.0 | ||||||||||
Performance Chemicals | 130.8 | 154.6 | 162.6 | 130.4 | 578.4 | |||||||||||||||
Pavement Technologies product line | 20.7 | 63.9 | 72.5 | 29.7 | 186.8 | |||||||||||||||
Industrial Specialties product line | 110.1 | 90.7 | 90.1 | 100.7 | 391.6 | |||||||||||||||
Advanced Polymer Technologies | 36.3 | 31.6 | 25.3 | 34.5 | 127.7 | |||||||||||||||
Total net sales | $ | 288.2 | $ | 270.6 | $ | 331.7 | $ | 325.6 | $ | 1,216.1 | ||||||||||
Segment EBITDA | ||||||||||||||||||||
Performance Materials | $ | 61.2 | $ | 23.3 | $ | 80.4 | $ | 84.3 | $ | 249.2 | ||||||||||
Performance Chemicals | 23.1 | 32.4 | 39.0 | 21.5 | 116.0 | |||||||||||||||
Advanced Polymer Technologies | 7.9 | 11.5 | 8.2 | 5.1 | 32.7 | |||||||||||||||
Total segment EBITDA | $ | 92.2 | $ | 67.2 | $ | 127.6 | $ | 110.9 | $ | 397.9 | ||||||||||
Interest expense, net | (10.9 | ) | (10.0 | ) | (8.9 | ) | (12.4 | ) | (42.2 | ) | ||||||||||
(Provision) benefit for income taxes | (9.9 | ) | (5.2 | ) | (18.2 | ) | (20.4 | ) | (53.7 | ) | ||||||||||
Depreciation and amortization - Performance Materials | (7.2 | ) | (7.3 | ) | (8.0 | ) | (8.7 | ) | (31.2 | ) | ||||||||||
Depreciation and amortization - Performance Chemicals | (9.9 | ) | (9.8 | ) | (10.0 | ) | (10.2 | ) | (39.9 | ) | ||||||||||
Depreciation and amortization - Advanced Polymer Technologies | (7.2 | ) | (7.0 | ) | (7.1 | ) | (7.8 | ) | (29.1 | ) | ||||||||||
Pension and postretirement settlement and curtailment (charges) income, net | — | — | — | (0.1 | ) | (0.1 | ) | |||||||||||||
Restructuring and other income (charges), net | (0.5 | ) | (7.3 | ) | (5.5 | ) | (5.2 | ) | (18.5 | ) | ||||||||||
Acquisition and other-related costs | (1.3 | ) | (0.4 | ) | — | (0.1 | ) | (1.8 | ) | |||||||||||
Net income (loss) | $ | 45.3 | $ | 20.2 | $ | 69.9 | $ | 46.0 | $ | 181.4 |
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