Slide 1: Third Quarter 2021 Earnings Presentation
Third Quarter 2021 Earnings Presentation August 3, 2021 © Atkore Inc.
Slide 2: Cautionary Statements
Cautionary Statements This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (“Atkore”) or its operational and financial information. Atkore
Slide 3: Record Quarterly Earnings in Q3 2021
Record Quarterly Earnings in Q3 2021 Revenue Net Income Adjusted EBITDA1 Adjusted EPS1 Business Review $M $M $M $/share Outstanding results in Q3 +122% +628% +330% +491% 2021 853.7 175.3 274.3 3.96 Volume/mix up 24% versus prior year in Q3 Repurchased $75M in stock in the third quarter 493.5 Complet
Slide 4: Q3 Income Statement Summary
Q3 Income Statement Summary $’s in millions Y/Y Y/Y % Q3 2021 Q3 2020 Change Change Net Sales $853.7 $384.9 $468.8 121.8% Operating Income $248.7 $41.6 $207.1 497.5% Net Income $175.3 $24.1 $151.2 627.4% Adjusted EBITDA1 $274.3 $63.7 $210.6 330.6% Adjusted EBITDA Margin2 32.1% 16.6% +1,550 bps - Net
Slide 5: Consolidated Atkore Q3 2021 Bridges
Consolidated Atkore Q3 2021 Bridges Q3 Net Sales Bridge Net Sales % Change $35 $854M $343 Volume/Mix +23.6% $91 Price +89.0% $385M Acquisitions / F/X / Other +9.2% Total +121.8% 2020 Volume/Mix Price M&A / F/X / Other 2021 Q3 Adjusted EBITDA Bridge Highlights $343 $274M $10 Delivering outstanding re
Slide 6: Q3 2021 Segment Results
Q3 2021 Segment Results Electrical Safety & Infrastructure ($’s in millions) ($’s in millions) Y/Y Y/Y Q3 2021 Q3 2020 Q3 2021 Q3 2020 Change Change Net Sales $661.2 $272.2 142.9% Net Sales $193.5 $113.4 70.7% Adjusted EBITDA $267.8 $55.5 382.1% Adjusted EBITDA $22.4 $14.2 57.7% Adjusted EBITDA Marg
Slide 7: Multiple Ways to Deliver Shareholder Value
Multiple Ways to Deliver Shareholder Value Generating Strong Free Cash Flow Balanced Approach to Capital Deployment FY21 YTD Cash Flow Bridge, $M Capital Investments $319M Continue to make internal investments to grow business for $34 $284 the future $43 $25 Strategic M&A Strategic acquisitions rema
Slide 8: Debt Refinancing Highlights
Debt Refinancing Highlights On May 26, 2021, Atkore completed the successful refinancing of its existing $772 million Term Loan B (“TLB”) with a new $400 million Term Loan B and a new $400 million Senior Unsecured Notes Offering Key Transaction Highlights Pro-Forma Structure Decreased blended cost o
Slide 9: Raising FY2021 Outlook
Raising FY2021 Outlook Increasing FY21 estimates for Net Sales, Adjusted EBITDA and Adjusted EPS, driven by stronger than expected performance year to date in FY21 and expectations for the fourth quarter. Outlook Summary Outlook Items for Q4 2021 FY2021 Changes to Prior Updated Consolidated Atkore O
Slide 10: Appendix
Appendix © Atkore.
Slide 11: Segment Information
Segment Information Three months ended June 25, 2021 June 26, 2020 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 661,163 $ 267,824 40.5 % $ 272,151 $ 55,549 20.4 % Safety & Infrastructure 193,492 22,365 11.6 % 113,380 14
Slide 12: Adjusted Earnings Per Share Reconciliation
Adjusted Earnings Per Share Reconciliation Consolidated Atkore Inc. Three months ended (in thousands, except per share data) June 25, 2021 June 26, 2020 June 28, 2019 Net income $ 175,297 $ 24,078 $ 36,550 Stock-based compensation 3,768 1,656 4,120 Intangible asset amortization 8,707 8,026 7,868 Los
Slide 13: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended (in thousands) June 25, 2021 June 26, 2020 June 28, 2019 Net income $ 175,297 $ 24,078 $ 36,550 Interest expense, net 8,090 9,421 12,789 Income tax expense 61,654 8,672 11,106 Depreciation and amortization 20,16
Slide 14: Trailing Twelve Month Adjusted EBITDA
Trailing Twelve Month Adjusted EBITDA Consolidated Atkore Inc. TTM Three months ended June 25, June 25, March 26, December September (in thousands) 2021 2021 2021 25, 2020 30, 2020 Net income $ 439,537 $ 175,297 $ 124,933 $ 85,066 $ 54,241 Interest expense, net 34,217 8,090 8,416 8,254 9,457 Income
Slide 15: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Nine months ended (in thousands) June 25, 2021 June 26, 2020 Net cash provided by operating activities $ 318,621 $ 156,019 Capital expenditures $ (34,242) $ (25,590) Free Cash Flow: $ 284,379 $ 130,429 © Atkore 15
Slide 16: Thank You!
Thank You! Atkore.com © Atkore