Matthews International Corporation · NASDAQ:MATW
Matthews International — Q3 2022 Earnings Presentation
16 slides from Matthews International's earnings presentation, Jul 29, 2022
Slide 1: Third Quarter Fiscal 2022 Earnings Teleconference
www.matw.com | Nasdaq: MATW Third Quarter Fiscal 2022 Earnings Teleconference July 29, 2022 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer
Slide 2: Disclaimer
© 2022 Matthews International Corporation. All Rights Reserved. DISCLAIMER 2 Any forward-looking statements contained in this presentation are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
Slide 3: Overview
Matthews fEtaniss OVERVIEW INTERNATIONAL
Slide 4: Business Update
© 2022 Matthews International Corporation. All Rights Reserved. 4 SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Strong top line performance, particularly in cemetery and funeral home products • Higher direct material, labor and freight costs expected for the balance of the fiscal yea
Slide 5: Outlook for Fiscal 2022
© 2022 Matthews International Corporation. All Rights Reserved. Key Drivers • Company expects fiscal 2022 adjusted EBITDA in the range of $200 million to $210 million • Inflationary pressures / commodity costs remain a challenge • War in Ukraine causing uncertainty, particularly in Europe • Weakened
Slide 6: Financial Overview
Matthews Gace INTERNATIONAL’ OVERVIEW
Slide 7: Q3 2022 Summary
© 2022 Matthews International Corporation. All Rights Reserved. Q3 2022 SUMMARY 7 Q3 2021 Q3 2022 Sales $ 428.4 $ 421.7 Diluted EPS $ 0.10 $ 0.09 Non-GAAP Adjusted EPS* $ 0.91 $ 0.58 Net Income Attributable to Matthews $ 3.4 $ 2.9 Adjusted EBITDA* $ 60.0 $ 46.0 ($ in millions except per-share amount
Slide 8: Memorialization
© 2022 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION 8 23.0% 21.1% $184.3 $203.2 Q3 FY2021 Q3 FY2022 $573.1 $633.9 FY2021 FY2022 $36.4 $32.1 Q3 FY2021 Q3 FY2022 $132.1 $118.4 FY2021 FY2022 19.7% 15.8% 23.0% 18.7% ($ in millions) Q3 Sales Q3 Adjusted EBITDA & Margin* YTD Sa
Slide 9: Industrial Technologies
© 2022 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES 9 15.5% 12.4% 15.6%10.3% ($ in millions) $81.8 $78.4 Q3 FY2021 Q3 FY2022 $200.5 $230.9 FY2021 FY2022 $12.2 $11.8 Q3 FY2021 Q3 FY2022 $23.4 $33.4 FY2021 FY2022 14.9% 15.1% 11.7% 14.5% Q3 Sales Q3 Adjusted EBITDA &
Slide 10: SGK Brand Solutions
© 2022 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS ($ in millions) 10 15.4% 12.9% $162.2 $140.1 Q3 FY2021 Q3 FY2022 $458.6 $440.5 FY2021 FY2022 $27.0 $14.5 Q3 FY2021 Q3 FY2022 $67.2 $43.4 FY2021 FY2022 10.4%16.7% 14.7% 9.9% Q3 Sales Q3 Adjusted EBITDA & Margin* YTD S
Slide 11: Capitalization and Cash Flows
© 2022 Matthews International Corporation. All Rights Reserved. • FY'22 operating cash flow impacted by: ◦ $35.7 million contributions to the Company's principal defined benefit retirement plan ◦ $100.0 million of proceeds from the sale of receivables under a receivables purchase agreement ◦ Increas
Slide 12: Supplemental Information
Matthews Buea INFORMATION INTERNATIONAL
Slide 13: Non-GAAP measures disclosure
© 2022 Matthews International Corporation. All Rights Reserved. 13 Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, net debt and net debt leverage ratio. The Company defines net de
Slide 14: Adjusted EBITDA Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 14 Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 Net income (loss) $ 2,875 $ 3,366 $ (18,871) $ 6
Slide 15: Adjusted Net Income and EPS Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted net income and ad
Slide 16: Net Debt and Net Debt Leverage Ratio Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to net debt and net debt leverage ratio. 16 June 30, 2022 September 30, 2021 Long-term debt, current maturities $ 3,364 $ 4,624 Long-term debt 772
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