Albany International Corporation · NYSE:AIN
Albany International — Q2 2016 Earnings Presentation
8 slides from Albany International's earnings presentation, Aug 1, 2016
Slide 1: Q2 Financial Performance
Q2 Financial PerformanceAugust 1, 2016
Slide 2: Non-GAAP Items and Forward-Looking Statements
‘ Non-GAAP’ Items and Forward-Looking StatementsThis presentation contains the following non-GAAP measures:Percentage changes in net sales, excluding currency rate effects (for each segment, and the Company as a whole);Adjusted EBITDA (for each segment, and the Company as a whole);Net debt; andNet i
Slide 3: Net Sales by Segment
et Sales by Segment 3 (in thousands, except percentages) Net SalesThree Months endedJune 30, 2016 2015 PercentChange Impact of Changesin CurrencyTranslation Rates Percent Changeexcluding Currency Rate Effect Machine Clothing (MC) $148,934 $150,561 -1.1% ($246) -0.9% Albany Engineered Composites (AEC
Slide 4: Profit Margin by Quarter
Profit Margin by QuarterPercentage of Net Sales 4 Includes 8.1% impact from BR725 charge
Slide 5: Earnings Per Share
5 Earnings Per Share 5 Per share amounts (Basic) Three Months endedJune 30, 2016 2015 Six MonthsEndedJune 30, 2016 2015 Net income/(loss) attributable to the Company, as reported (GAAP) $0.32 ($0.07)* $0.74 $0.31* Adjustments: Restructuring expenses, net 0.13 0.02 0.14 0.20 Discrete tax adjustments
Slide 6: Segment Three Months ended June 30, 2016 EBITDA reconciliation
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Three Months ended June 30, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income/(loss) (GAAP) $35,405 ($5,848) ($19,456) $10,101 Interest expense, net - - 3,691 3,691 Inc
Slide 7: Segment Six Months ended June 30, 2016 EBITDA reconciliation
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 7 Six Months ended June 30, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income (GAAP) $72,543 ($9,553) ($39,573) $23,417 Interest expense, net - - 5,929 5,929 Income tax e
Slide 8: Segment Six Months ended June 30, 2016 EBITDA reconciliation
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 7 Six Months ended June 30, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income (GAAP) $72,543 ($9,553) ($39,573) $23,417 Interest expense, net - - 5,929 5,929 Income tax e