Albany International Corporation · NYSE:AIN
Albany International — Q2 2017 Earnings Presentation
8 slides from Albany International's earnings presentation, Aug 1, 2017
Slide 1: Q2 Financial Performance
Q2 Financial PerformanceAugust 1, 2017
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; absolute and as a p
Slide 3: Net Sales by Segment
Net Sales by Segment 3 (in thousands, except percentages) Net SalesThree Months endedJune 30, 2017 2016 PercentChange Impact of Changesin CurrencyTranslation Rates Percent Changeexcluding Currency Rate Effect Machine Clothing (MC) $146,572 $148,934 -1.6% ($916) - 1.0% Albany Engineered Composites (A
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by QuarterPercentage of Net Sales 4 Includes 7.3% impact from profitability revision in two AEC contracts
Slide 5: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment - Three Months
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 5 Three Months ended June 30, 2017 (in thousands) Machine Clothing Albany Engineered Composites* Corporate expenses and other Total Company Operating income/(loss) (GAAP) $38,418 $(17,828) ($11,362) $9,228 Interest, taxes, other income/expe
Slide 6: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment - Six Months
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Six Months ended June 30, 2017 (in thousands) Machine Clothing Albany Engineered Composites* Corporate expenses and other Total Company Operating income/(loss) (GAAP) $76,679 $(22,942) ($22,453) $31,284 Interest, taxes, other income/expen
Slide 7: Earnings Per Share
7 Earnings Per Share Per share amounts (Basic) Three Months endedJune 30, 2017 2016 Six Months endedJune 30, 2017 2016 Net income attributable to the Company, as reported (GAAP) $0.03* $0.32 $0.37* $0.74 Adjustments: Restructuring expenses, net 0.04 0.13 0.09 0.14 Discrete tax adjustments and effect
Slide 8: Total Debt (GAAP) and Net Debt (non-GAAP)
Total Debt (GAAP) and Net Debt* (non-GAAP)$ thousands 8 *Total debt less cash see table 19 for reconciliation of total debt to net debt