Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q2 2025 Earnings Presentation
15 slides from Advanced Drainage Systems's earnings presentation, Nov 8, 2024
Slide 1: Q2 Fiscal 2025 Financial Results
[IDS Q2 Fiscal 2025 Financial Results November 8, 2024
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations /IBDS
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projection
Slide 4: CEO Highlights
CEO Highlights Q2 Fiscal 2025 Revenue Sales + Residential and Infrastructure end markets continue to perform well. a: * Non-residential market remains $664 $654 7 . ee choppy, slightly behind ge $ize expectations. = * Overall pricing environment ADS Legacy tnfitrator Q2FY24 mO2 FY25 remains largely
Slide 5: Estimated $630 billion needed over
5 Estimated $630 billion needed over
Slide 6: Engineering and Technology Center Grand Opening
Engineering and Technology Center Grand Opening World’s largest and most advanced stormwater research and engineering center * Material science ¢ Product design * Tooling design ¢ Manufacturing process engineering Product testing
Slide 7: Q2 Fiscal 2025 Financial Performance
Q2 Fiscal 2025 Financial Performance Revenue Revenue Performance (USD, ln millons) flat By Business Domestic Markets $780 - ADS Legacy (1%) © CERT cen commie, - Pipe (3%) - Non-Residential (2%) + Allied Products 12% i Residential 10% + Infiltrator +11% sraaih MOTRIN . cecerssesonnnmnonenesnmmart el
Slide 8: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) Consolidated Adjusted EBITDA Working capital) Cash tax Cash interest Transaction costs) Other Consolidated cash flow from operations Capital expenditures Consolidated Free Cash Flow Debt & Capital Leases September 30, 2024 FY 2025 FY 2024 A Term
Slide 9: Disciplined Approach to Capital Allocation
Disciplined Approach to Capital Allocation 1H Fiscal 2025 1H Fiscal 2024 E> Organic Capital Expenditures Sti2M $83M Acquisitions $250M* i Subtotal: Cash reinvested in business $362M $83M 3 Dividends $25M $22M 4 Share Repurchases $70M $102M Subtotal: Cash returned to shareholders $95M $124M Total Cas
Slide 10: Fiscal Year 2025 Guidance
Fiscal Year 2025 Guidance Fiscal 2025 Expectations Key Metric FY 2024 FY 2025 Y-o-Y Change Net Sales Net Sal $2,874 $2,900 - $2,975 +1% to +4% Adj. EBITDA $923 $880 - $920 (5%) to flat (in Millions) (120) to (180) Adj. EBITDA Margin 321% 30.3% - 30.9% basi ; asis points IDS. 10
Slide 11: Slide 11
Slide 12: Appendix
Appendix /IBDS
Slide 13: YTD Fiscal 2025 Financial Performance
YTD Fiscal 2025 Financial Performance Revenue Performance Revenue por {US0.nmions) $1,558 YTD FY24 YTD FY25 Adj. EBIT! (130) bps ~ Ci YTD FY24 YTD FY25, By Business Domestic Markets + ADS Legacy +2% + Construction 44% + Pipe +0% + Non-Residential +2% + Allied Products 45% + Residential +5% + Infiltr
Slide 14: Reconciliations
Reconciliations 14 (In thousands) Net Sales Intersegment Net Sales Net Sales from External Customers Net Sales Intersegment Net Sales Net Sales from External Customers Pipe $ 425,099 $ (14,611) $ 410,488 $ 427,997 $ (12,284) $ 415,713 Infiltrator Water Technologies 148,690 (20,198) 128,492 133,731 (
Slide 15: Reconciliations Notes
Reconciliations 15 Notes: a) Represents expenses recorded related to legal, accounting and other professional fees incurred in connection with business or asset acquisitions and dispositions. b) Includes derivative fair value adjustments, foreign currency transaction (gains) losses, the proportionat
Advanced Drainage Systems — Q2 2025 Earnings Presentation on 6ix