Belden Inc · NYSE:BDC

Belden — Q1 2015 Earnings Presentation

20 slides from Belden's earnings presentation, Apr 30, 2015

1. Slide 1: 1st Quarter 2015 Earnings Release Conference Call

   1st Quarter 2015 Earnings Release Conference Call April 30, 2015 © 2015 Belden Inc. | belden.com | @BeldenInc PROPRIETARY AND CONFIDENTIAL. COPYING RESTRICTED. FOR INTERNAL USE ONLY.

2. Slide 2: Safe Harbor Statement; Non-GAAP Measures

   Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the 2015 second quarter and full year. Forward- looking statements include statements regarding future financial performance (including revenues, expenses, earnings,

3. Slide 3: Q1 2015 Highlights

   Q1 2015 Highlights • Grew revenues by 16.6% year-over-year; • Achieved record gross profit margins of 40.6%, increasing 450 basis points from 36.1% in the year-ago period; • Expanded EBITDA margins to 15.5%, increasing 40 basis points from 15.1% in the year-ago period; • Generated income from contin

4. Slide 4: 1st Quarter Segment Overview

   1st Quarter Segment Overview Revenue $213.6M Broadcast EBITDA Margin 13.7% Automation Playout Camera Mounted Signal Processing Precision A/V Monitoring & Branding Operating Profit Margin 11.8% Fiber Solutions & Routing Cable and Connectivity Systems Systems Revenue $104.7M Enterprise EBITDA Margin 1

5. Slide 5: Q1 2015 Financial Summary

   Q1 2015 Financial Summary Q1 2015 Q4 2014 Q1 2014 Revenue $569.5M $613.7M $488.3M Gross profit $231.0M $229.4M $176.1M Gross profit percentage 40.6% 37.4% 36.1% EBITDA $88.5M $99.8M $73.5M EBITDA percentage 15.5% 16.3% 15.1% Operating income $77.1M $88.8M $64.0M Operating income percentage 13.5% 14.

6. Slide 6: Segment Results

   Segment Results Enterprise Industrial Network Broadcast Industrial IT Consolidated Connectivity Connectivity Security Q1 2015 Revenue $213.6M $104.7M $153.0M $61.1M $37.1M $569.5M EBITDA(1) $29.2M $13.9M $24.2M $11.1M $9.9M $88.5M EBITDA Margin 13.7% 13.3% 15.8% 18.2% 26.7% 15.5% Q4 2014(2) Revenue

7. Slide 7: Q1 2015 Balance Sheet Highlights

   Q1 2015 Balance Sheet Highlights Q1 2015 Q1 2014 Cash and cash equivalents $166.7M $569.6M Inventory turns 5.7x 5.7x Days sales outstanding 63 days 57 days Working capital turns 6.2x 6.0x PP&E Turns 6.9x 6.5x Total debt principal amount $1.90B $1.37B © 2015 Belden Inc. | belden.com | @BeldenInc 7

8. Slide 8: Cash Flow Highlights

   Cash Flow Highlights Q1 2015 Q1 2014 Cash flows from operating activities $ (48.2)M $ (20.4)M Less: Net capital expenditures(1) $ 15.5M $ 10.3M Free cash flow (2) $ (63.7)M $ (30.8)M Cash used to acquire businesses(3) $ 695.3M $ 4.7M Share repurchases and dividends $ 2.1M $ 2.2M (1) Capital expendit

9. Slide 9: Outlook

   Outlook Q2 2015(1) • Revenue of $605 - $625 million • Adjusted income from continuing operations per diluted share of $1.15 - $1.25 2015 Full Year(1) • Revenue of $2.450 - $2.500 billion • Adjusted income from continuing operations per diluted share of $5.28 - $5.48 (1) Adjusted outlook. See Appendi

10. Slide 10: Appendix

    Appendix © 2015 Belden Inc. | belden.com | @BeldenInc 10

11. Slide 11: Statements of Operations and Comprehensive Income

    Statements of Operations and Comprehensive Income © 2015 Belden Inc. | belden.com | @BeldenInc 11

12. Slide 12: Balance Sheet

    Balance Sheet © 2015 Belden Inc. | belden.com | @BeldenInc 12

13. Slide 13: Cash Flow Statement

    Cash Flow Statement © 2015 Belden Inc. | belden.com | @BeldenInc 13

14. Slide 14: Free Cash Flow GAAP to Non-GAAP Reconciliation

    Free Cash Flow GAAP to Non-GAAP Reconciliation © 2015 Belden Inc. | belden.com | @BeldenInc 14

15. Slide 15: GAAP to Non-GAAP Reconciliation - Consolidated

    GAAP to Non-GAAP Reconciliation - Consolidated © 2015 Belden Inc. | belden.com | @BeldenInc 15

16. Slide 16: GAAP to Non-GAAP Reconciliation - Consolidated

    GAAP to Non-GAAP Reconciliation - Consolidated © 2015 Belden Inc. | belden.com | @BeldenInc 16

17. Slide 17: GAAP to Non-GAAP Reconciliation – Q1 2015 Segments

    GAAP to Non-GAAP Reconciliation – Q1 2015 Segments © 2015 Belden Inc. | belden.com | @BeldenInc 17

18. Slide 18: GAAP to Non-GAAP Reconciliation – Q4 2014 Segments

    GAAP to Non-GAAP Reconciliation – Q4 2014 Segments © 2015 Belden Inc. | belden.com | @BeldenInc 18

19. Slide 19: GAAP to Non-GAAP Reconciliation – Q1 2014 Segments

    GAAP to Non-GAAP Reconciliation – Q1 2014 Segments © 2015 Belden Inc. | belden.com | @BeldenInc 19

20. Slide 20: Reconciliation of Non-GAAP Measures: 2015 Revenue and Earnings Guidance

    Reconciliation of Non-GAAP Measures 2015 Revenue and Earnings Guidance © 2015 Belden Inc. | belden.com | @BeldenInc 20

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