Lakeland Industries, Inc. · NASDAQ:LAKE
Lakeland Industries — Q1 2024 Earnings Presentation
14 slides from Lakeland Industries's earnings presentation, Jun 8, 2023
Slide 1: Fiscal First Quarter 2024 Financial Results Call
€ Lakeland Protect Your People® Fiscal First Quarter 2024 Financial Results-Call June 8, 2023 NASDAQ: LAKE | LAKELAND.COM
Slide 2: Safe Harbor Statement
Safe Harbor Statement With the exception of historical information, the statements set forth in this presentation include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. The Company wishes to caution that a nu
Slide 3: Lakeland Overview
Lakeland Overview (Nasdaq: LAKE) What We Do FY2023 Full Year Revenue Global manufacturer of quality, cost-effective, and mission-critical personal protective clothing solutions that protect people at work and in their communities = USA mAsia = Other NA. GEOGRAPHY Europe Key Statistics Latin America
Slide 4: Focus on High Value Applications
Focus on High Value Applications Product Lines FR/AR PERFORMANCE CHEMICAL | HIGH-VISIBILITY DISPOSABLES / ¢. gst Applications * Municipal Fire * Energy * Utilities + Energy * Clean Room * Volunteer Fire * Utilities * Petrochemical * Utilities * Energy * Search & Rescue * Petrochemical * Clean Room *
Slide 5: Fiscal 2024 First Quarter Highlights
Fiscal 2024 First Quarter Highlights Q1-FY24 Highlights Q1-FY24 Revenue * Net sales of $28.7 million and gross margin of 43.4% * High-value, strategic product line growth, led by a 103% increase in Fire = USA a = Asia Revenue $28.7 million = Other NA. Gross Margin 43.4% GECGRAEHY Europe Adjusted EBI
Slide 6: FY'23 FY'24 FY'23
FY'23 FY'24 FY'23 FY'24 FY'23 FY'24 FY'23 FY'24 • • • • • • •
Slide 7: Gross Margin % and Adjusted EBITDA
GROSS MARGIN % ADJUSTED EBITDA • • • • • • • •
Slide 8: FQ1 Key Takeaways
FQ1 Key Takeaways Fiscal first quarter results included revenue growth in key Vv geographic markets and product lines, including 103% growth in Fire. Lakeland achieved profitability margins in line with the Company's three-to-five-year targets, including gross margin of 43.4%. WA Adjusted EBITDA gre
Slide 9: Eagle Technical Products Acquisition Enhances Lakeland's Product Portfolio
Eagle Technical Products Acquisition’ Enhances Lakeland’s Product Portfolio and Expands Geographical Reach Company Background and Product Portfolio Acquisition Highlights Headquarters + Stockport, UK Complementary product lines to Lakeland’s - existing portfolio that greatly benefit Lakeland’s diffe
Slide 10: LAKE Investment Highlights
LAKE Investment Highlights ned for Sustainable Growth Driven by Strategic Operational & Sales Initiatives Targeting high single digit revenue growth, driven by strong long term growth trends and product segment focus Investments in manufacturing capabilities enables production flexibility to facilit
Slide 11: Appendix
Appendix ¢Lakeland
Slide 12: Fiscal 2024 First Quarter Financial Summary
Fiscal 2024 First Quarter Financial Summary (6000's Except Sha ¢Lakeland THREE MONTHS ENDED APRIL 30, 2023 2022 Variance Net sales $28,700 $27,278 +5.2% Gross Margin 43.4% 40.5% +290bps Adjusted EBITDA $2,760 $2,281 +21.0% Adjusted EBITDA Margin 9.6% 8.4% +129bps EPS $0.18 $0.14 +28.6%
Slide 13: Non-GAAP Reconciliation — Q1
Non-GAAP Reconciliation — Q1 2023 2022 Net Income to EBITDA Reales $1,320 $1,129 Interest interes 8 9 Taxes 541 285 Depreciation and amortization =p 15 GEA $2,402 $1,848 EBITDA to Adjusted EBITDA (excluding non-cash expenses) CELTS $2,402 $1,848 Equity compensation quity comp. 407 407 Other income (
Slide 14: Non-GAAP Reconciliation — Q1
Non-GAAP Reconciliation — Q1 (6000's Except Share Information) ¢Lakeland THREE MONTHS ENDED APRIL 30, 2023 2022 Adjusted EBITDA Margin Adjusted EBITDA $2,760 $2,281 Divided by net sales 28,700 27,278 Adjusted EBITDA Margin 9.6% 8.4%