Albany International Corporation · NYSE:AIN
Albany International — Q4 2014 Earnings Presentation
7 slides from Albany International's earnings presentation, Feb 9, 2015
Slide 1: Albany International Corp. Q4 Financial Performance
February 9, 2015 Albany International Corp. Q4 Financial Performance
Slide 2: Non-GAAP Items and Forward-Looking Statements
‘Non‐GAAP’ Items and Forward‐Looking Statements This presentation contains certain items, such as net income attributable to the Company, excluding adjustments (absolute as well as per‐share), earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA and net debt, that
Slide 3: Net Sales by Segment
Net Sales by Segment (in thousands) Net Sales Three Months ended December 31, 2014 2013 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $160,238 $166,938 -4.0% ($4,999) -1.0% Albany Engineered Composites (AEC) 31,421
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by Quarter Percentage of Net Sales 44.2% 43.8% 41.6% 41.7% 45.0% 42.4% 41.9% 43.0% 39.0% 39.1% 37.1% 38.2% 41.5% 38.9% 38.2% 38.0% 30% 35% 40% 45% 50% 55% Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Machine Clothing Total Company 4
Slide 5: Earnings Per Share
Earnings Per Share Per share amounts (Basic) Three Months ended December 31, 2014 2013 Years Ended December 31, 2014 2013 Net income attributable to the Company, as reported $0.25 $0.27 $1.31 $0.55 Adjustments: Income from discontinued operations - (0.01) - - Restructuring charges 0.04 (0.03) 0.12 0
Slide 6: Adjusted EBITDA
Adjusted EBITDA (in thousands) Three Months ended December 31, 2014 Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $33,120 ($697) ($24,318) $8,105 Income from discontinued operations - - - - Interest expense, net - - 2,592 2,592 Income tax expense
Slide 7: Debt
Debt $ thousands $129,021 $81,834 $94,040 $78,225 $88,205 $92,970 $319,739 $304,500 $302,419 $285,061 $283,666 $272,772 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 December 31, 2012 December 31, 2013 March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 Net Debt Tota