Post Holdings, Inc. · NYSE:POST
Post — Corporate Update (March 2014)
12 slides from Post's corporate update, Mar 10, 2014
Slide 1: Guidance Update March 10, 2014
Post Holdings, Inc. Guidance Update March 10, 2014
Slide 2: Fiscal 2014 Outlook Update
Post Holdings, Inc. 2 Post Holdings, Inc. (“Post”) management expects fiscal 2014 Adjusted EBITDA to be between $300-$320 million (1) − Includes the partial year expected results of Dakota Growers Pasta Company, Inc. (acquired January 1, 2014), as well as Golden Boy Foods, Ltd. and Dymatize Enterp
Slide 3: Prospective Financial Information
Post Holdings, Inc. 3 The 2014 Adjusted EBITDA and specific dollar amounts and other plans, expectations, estimates and similar statements set forth on the previous slide captioned “Fiscal 2014 Outlook Update” are qualified by, and subject to, the assumptions and the other information set forth belo
Slide 4: Forward-Looking Statements
Post Holdings, Inc. 4 The statements made by Post on the slide captioned “Fiscal 2014 Outlook Update” regarding estimated 2014 Adjusted EBITDA and specific dollar amounts and other plans, expectations, estimates and similar statements constitute forward-looking statements. The results of operations
Slide 5: Pro Forma Adjusted EBITDA non-GAAP explanation
Post Holdings, Inc. 5 “Pro Forma Adjusted EBITDA,” the financial measure presented herein and discussed below, does not comply with U.S. generally accepted accounting principles (GAAP) because it is adjusted to exclude (include) certain cash and non-cash income and expenses that would otherwise be i
Slide 6: Reconciliation of EBITDA to Adjusted EBITDA
Post Holdings, Inc. 6 The following table reconciles Post’s EBITDA to Post’s Adjusted EBITDA for the twelve month period ended December 31, 2013: Non-GAAP Financial Measures (cont’d) (a) Represents non-cash expenses related to stock-based compensation. (b) Represents a non-cash expense for the impai
Slide 7: Pro Forma Adjusted EBITDA preparation and acquisitions
Post Holdings, Inc. 7 We prepare Pro Forma Adjusted EBITDA by further adjusting Adjusted EBITDA to give effect to recent acquisitions as if those acquisitions had occurred on January 1, 2013 by adding, (i) with respect to Dakota Growers Pasta Company, Inc. (the “Dakota Growers Business”), which was
Slide 8: Dymatize and Golden Boy acquisition adjustments
Post Holdings, Inc. 8 Our acquisition of the premium protein powders, bars and nutritional supplements business of Dymatize Enterprises, LLC (the “Dymatize Business”) was completed effective February 1, 2014.The adjustments to Pro Forma Adjusted EBITDA for the 12 month period ended December 31, 20
Slide 9: Adjusted EBITDA to Pro Forma Adjusted EBITDA reconciliation
Post Holdings, Inc. 9 The following table reconciles Post’s Adjusted EBITDA to Pro Forma Adjusted EBITDA for the twelve month period ended December 31, 2013: Non-GAAP Financial Measures (cont’d) (a) In the table above, US dollar Adjusted EBITDA of the Golden Boy Business was derived by dividing the
Slide 10: Reconciliation for Hearthside and Premier businesses
Post Holdings, Inc. 10 Reconciliation of earnings before income taxes to Adjusted EBITDA for the Hearthside, Premier, Dakota Growers, Golden Boy and Dymatize Businesses is as follows: RECONCILIATION OF EARNINGS BEFORE INCOME TAXES TO ADJUSTED EBITDA FOR THE HEARTHSIDE BUSINESS (in millions) Non-GAAP
Slide 11: Reconciliation for Dakota Growers and Dymatize
Post Holdings, Inc. 11 RECONCILIATION OF EARNINGS BEFORE INCOME TAXES TO ADJUSTED EBITDA FOR DAKOTA GROWERS (in millions) Non-GAAP Financial Measures (cont’d) Twelve Months Ended October 31, 2013 Earnings before income taxes…………………………………………………………………… $24.3 Depreciation and amortization……………………………………
Slide 12: Reconciliation for Golden Boy
Post Holdings, Inc. 12 RECONCILIATION OF EARNINGS BEFORE INCOME TAXES TO ADJUSTED EBITDA FOR GOLDEN BOY (in CAD millions) Non-GAAP Financial Measures (cont’d) Twelve Months Ended December 31, 2013 Earnings before income taxes…………………………………………………………………… $24.1 Depreciation and amortization…….….….….….….