Harsco Corporation (HSC) Q4 2021 Earnings Conference Call February 24, 2022 9:00 AM ET Company Participants David Martin - Vice President of Investor Relations Nick Grasberger - Chairman & Chief Executive Officer Anshooman Aga - Senior Vice President & Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel Larry Solow - CJS Securities Mitchell Moore - KeyBanc Cap Markets Rob Brown - Lake Street Capital Chris Howe - Barrington Research Operator Good morning. My name is Valerie and I wi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-03970 HARSCO CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification num ...

| --- | --- | --- | |-------|-------|----------------------------------------| | | | | | | | Q3 2021 Quarterly Results and Outlook | | | | Conference Call | | | | November 2, 2021 | @ 2021 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation. ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Harsco's quarterly earnings, including the Company's earnings press release issued today and this presentati ...

Harsco Corporation (HSC) Q3 2021 Earnings Conference Call November 2, 2021 9:00 AM ET Company Participants David Martin - VP, IR Nick Grasberger - Chairman & CEO Anshooman Aga - SVP & CFO Conference Call Participants Larry Solow - CJS Securities Jeffrey Hammond - KeyBanc Capital Markets Robert Brown - Lake Street Capital Brian Butler - Stifel Christopher Howe - Barrington Research Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps with ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-03970 HARSCO CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

HARSCO 1 Investor Presentation August - September 2021 © 2021 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation. SAFE HARBOR STATEMENT 2 This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Statements The Company's presentat ...

Harsco Corporation (HSC) Q2 2021 Results Earnings Conference Call August 3, 2021 9:00 AM ET Company Participants David Martin - Vice President of Investor Relations Nicholas Grasberger III - Chairman and Chief Executive Officer Peter Minan - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel Financial Larry Solow - CJS Securities Robert Brown - Lake Street Capital Markets Christopher Howe - Barrington Research Jeffrey Hammond - KeyBanc Capital Markets Ope ...

Q2 2021 Financial Performance - Q2 2021 adjusted EBITDA was at the upper end of the prior guidance, ranging from $73 million to $79 million[11] - The company's Q2 2021 revenues, as reported, reached $570 million, compared to $447 million in Q2 2020 and $529 million in Q1 2021[12] - Adjusted EBITDA for Q2 2021 was $78 million, representing 13.7% of sales, compared to $59 million (13.2% of sales) in Q2 2020 and $66 million (12.4% of sales) in Q1 2021[12] - Adjusted diluted earnings per share for Q2 2021 were $0.28, excluding strategic costs[11] - Free cash flow for Q2 2021 was $6 million, compared to $18 million in Q2 2020 and $(32) million in Q1 2021[12] Segment Performance - Environmental segment revenues for Q2 2021 were $273 million, up from $204 million in Q2 2020 and $258 million in Q1 2021[14] - Clean Earth segment revenues for Q2 2021 were $196 million, compared to $162 million in Q2 2020 and $189 million in Q1 2021[21] - Rail segment revenues for Q2 2021 were $101 million, compared to $82 million in both Q2 2020 and Q1 2021[23] 2021 Outlook - The company maintains its 2021 full-year outlook for adjusted EBITDA at $295 million to $310 million[7, 26] - The company anticipates adjusted diluted earnings per share to be in the range of $0.82 to $0.96[26] - The company projects free cash flow to be between $35 million and $55 million[26] Q3 2021 Outlook - The company expects adjusted EBITDA for Q3 2021 to be between $75 million and $81 million[29] - The company anticipates adjusted diluted earnings per share for Q3 2021 to be between $0.23 and $0.29[29]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-03970 HARSCO CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification 350 Poplar Church Road, Camp Hill, Pennsylvania 17011 (Address of principal executiv ...

Financial Data and Key Metrics Changes - Harsco's revenues totaled $529 million, with adjusted EBITDA reaching $66 million in Q1 2021, reflecting a 33% increase in consolidated revenues compared to Q1 2020 [18][21] - Adjusted earnings per share from continuing operations for Q1 was $0.15, compared to $0.16 in the prior year quarter [21] - Free cash outflow for the quarter was $32 million, consistent with expectations and prior year performance [23] Business Line Data and Key Metrics Changes - Harsco Environmental segment revenues totaled $258 million with adjusted EBITDA of $54 million, representing a margin of 21%, up from 18% in the prior year quarter [24] - Clean Earth segment revenues were $189 million with adjusted EBITDA of $15 million, benefiting from the inclusion of ESOL and stronger demand in hazardous waste management [27] - Rail segment revenues totaled $82 million with adjusted EBITDA of approximately $6 million, a decrease from $8 million in the prior year quarter due to lower aftermarket sales in Asia [31] Market Data and Key Metrics Changes - Steel production increased roughly 4% year-over-year, with customer utilization rates averaging 78% in Q1, still below normal operating rates [25][26] - Hazardous waste volumes across industrial, retail, and healthcare customers were better than anticipated, with nearly all categories above pre-COVID levels [14] Company Strategy and Development Direction - The company raised its full-year outlook, with adjusted EBITDA now expected to be in the range of $295 million to $310 million, up from $275 million to $295 million [35] - Harsco aims to strengthen its balance sheet and financial foundation, having completed a successful refinancing that extends debt maturities and lowers financing costs [22] - The company is focused on organic and inorganic growth opportunities within the Clean Earth segment, with plans to identify potential acquisitions [90] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in end markets, noting that each segment is gaining momentum [9] - The outlook for the Rail segment has improved significantly, with EBITDA now about one-third higher than previous guidance due to stronger demand in North America and Asia [15] - Management highlighted the importance of infrastructure projects and consumer spending as drivers for future growth [12] Other Important Information - The company expects free cash flow before growth capital spending to exceed $100 million, with total free cash flow anticipated to be between $35 million and $55 million for the year [38] - Capital spending for the year is projected to be near $160 million, higher than normal due to deferred spending from 2020 [38] Q&A Session Summary Question: Free cash flow concerns - Management explained that cash flow is typically low in Q1 due to interest and pension payments, with expectations for improvement in the second half of the year [45][46] Question: Rail segment growth cadence - Management indicated that Rail revenue and EBITDA are expected to be more back-end loaded this year, with significant growth anticipated in the second half [60] Question: Clean Earth segment margin expectations - Management discussed the expected margin improvements in the Clean Earth segment, driven by synergies from the ESOL acquisition and operational efficiencies [77][78] Question: Strategic interest in Rail segment - Management confirmed strong strategic interest in the Rail segment, with a focus on improving performance before any potential divestiture [68][70]