Jeld-wen Holding, Inc. · NYSE:JELD
Jeld-wen — Baird 2019 Global Industrial Conference
10 slides from Jeld-wen's conference presentation, Nov 7, 2019
Slide 1: Baird 2019 Global Industrial Conference
BAIRD 2019 GLOBAL INDUSTRIAL CONFERENCE John Linker – EVP & CFO November 7, 2019
Slide 2: Disclosures
DISCLOSURES Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act regarding business strategies, market potential, future financial performance, the potential of our categories and brands, our out
Slide 3: Profile of a Global Leader
PROFILE OF A GLOBAL LEADER # $ 4.3B 14 +450 bps 1 Global leader in windows & doors 2018 net revenues Bolt-on acquisitions completed since 2015 Adjusted EBITDA Visibility to margin improvement from cost actions N. America percent of Cash from operations margin improvement sales in stable Operating in
Slide 4: JELD-WEN's Strategic Growth Drivers
JELD-WEN’S STRATEGIC GROWTH DRIVERS Accelerate Disciplined Capital 1 Top Line Growth 2 Expand Margins 3 Allocation % Invest for Growth Culture and Tools Shareholder Value 4 |
Slide 5: Global Innovation Capabilities
1 . A C C E L E R AT I N G T O P L I N E G R O W T H GLOBAL INNOVATION CAPABILITIES Global Product Expanding into Establishing Development & New Market Segments Commercial Excellence Technology • Repair and Remodel • Integrate global product • Integrated commercial expansion, largest global developm
Slide 6: 15% Adj. EBITDA Margin Target
2 . E X PA N D M A R G I N S 15% ADJ. EBITDA MARGIN TARGET Manufacturing Productivity Footprint Through JEM 15%+ Rationalization & Modernization • $100M+ savings 10.6% opportunity • $100M+ savings • Represents a ~3% opportunity reduction in COGS • Target ~15% • Savings from: reduction in global – la
Slide 7: Footprint Rationalization & Modernization
2. EXPAND MARGINS FOOTPRINT RATIONALIZATION & MODERNIZATION Global Facility Footprint Rationalization Plan Objectives (Square Feet in millions) ▪ Leverage acquired assets and JEM tools to 3.2M FT2 3.2M FT2 reduce global facility footprint and increase efficiency ✓ Reduce complexity ✓ Increase capaci
Slide 8: Priorities for Free Cash Flow Deployment
3 . C A P I TA L A L L O C AT I O N PRIORITIES FOR FREE CASH FLOW DEPLOYMENT 1 2 3 Accretive De-Lever Share Acquisitions Balance Sheet Repurchase • Disciplined approach • Current net debt to • $175M authorized on EBITDA ~3.2x November 6, 2019, • Target IRR > 20% with no expiration • Targeting < 2.5x
Slide 9: Conclusion: Fireside Q & A
CONCLUSION: FIRESIDE Q & A Please visit the Investor Relations portion of our website at https://investors.jeld- wen.com for additional information. 9 |
Slide 10: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION ADJUSTED EBITDA AND FREE CASH FLOW (USD IN MILLIONS) Year Ended December 31, 2013 2014 2015 2016 2017 2018 Net Income (loss) (1) $ (68.4) $ (84.1) $ 90.9 $ 376.1 $ 8.1 $ 141.8 Adjustments: Loss (income) from discontinued operations, net of tax 5.9 5.4 2.9 3.3 - - Gain (loss)
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