Slide 1: Third Quarter 2024 Earnings Presentation
Third Quarter 2024 Earnings Presentation Third Quarter 2024 Earnings| 1
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements that involve risks and uncertainties and are generally identifiable through the use of words such as “anticipate,” “estimate,” “expect,” “intend,” “believe,” “will likely result,” “outlook,” “project,” “may,” “can,” “plan,”
Slide 3: Q3 2024 Results at a glance
Q3 2024 Results at a glance (QTD, $ in millions) Net Sales Gross Profit $1,432.9 $416.4 -3% vs Q3 20231 -3% vs Q3 2023 Gross Margin 29.1% In line with Q3 2023 Operating Income Diluted EPS (GAAP) $176.4 $3.27 -9% vs Q3 2023 -7% vs Q3 2023 Operating Margin Diluted EPS (ex-ASU) 12.3% $3.26 -7% vs Q3 20
Slide 4: Q3 2024 POOLCORP Sales Summary
Q3 2024 POOLCORP SALES SUMMARY QTD Sales Performance Pool Corp Q3 2024 Net Sales -3% Sales by State Q3 2024 Horizon Q3 2024 FL +1% Net Sales -7% CA -3% TX -6% Europe Q3 2024 AZ Flat Net Sales -1% Solid results on maintenance-related products supported overall sales Third Quarter 2024 Earnings | 4
Slide 5: Q3 2024 POOLCORP Sales Summary: Products & End Markets
Q3 2024 POOLCORP SALES SUMMARY Products & End Markets – QTD Results Product Q3 2024 End Market Q3 2024 Chemicals +2% Commercial +7% Building Materials -9% Retail -2% Equipment +1% Pinch A Penny2 Flat Pool 360 & Network Expansion Pool 360 Sales % of Total Sales Total Sales Centers Pinch A Penny Total
Slide 6: Estimated Quarterly Impacts
ESTIMATED QUARTERLY IMPACTS Q3 2023 Q3 2024 Q3 2023 Q3 2024 Sales 1% Net Price Sales Gross Margin Gross Margin 4% $1.6B 2% Price +1 Selling Day $1.5B Supply Chain 30% 2% 2% $1.4B 29.1% 29.1% 0% 29% -1% -1% Commodity Horizon $1.3B 28% Product Customer & Europe $1.4B Mix Mix & Pricing -2% $1.5B -5% $1
Slide 7: Quarterly Financial Trends
QUARTERLY FINANCIAL TRENDS Net Sales & Y/Y Sales Change % Gross Profit & Gross Margin ($ in millions) ($ in millions) $2,400 $720 $2,000 -10% $600 30.6% 30.0% -5% 14% 31.2% $1,600 -9% -3% $480 29.1% 1 29.1% -15% 2 30.6% $1,200 6% -7% $360 30.2% -8% 28.8% 29.3% $800 $240 $400 $120 $0 $0 Q3 Q4 Q1 Q2 Q
Slide 8: Balance Sheet, Cash Flow & Capital Allocation
BALANCE SHEET, CASH FLOW & CAPITAL ALLOCATION As of and through September 30, 2024 2024 Capital Allocation ($ in millions) Capital Expenditures Cash Flow from Operating Inventory Acquisitions Activities $79M Decrease $46.0 $4.4 $489M vs. Q3 2023 Share Repurchases 123% of TTM Net -6% vs. Q3 2023 Inco
Slide 9: 2024 Expectations
2024 EXPECTATIONS 2024 Earnings Driver 2024 Expected Range (1) Net Sales Full year trend similar to September YTD Inflation/pricing +2% (-1% commodities for +1% overall) Maintenance from installed base Flat to slight growth New construction units Down 15% to 20% Renovation and remodel activity Down
Slide 10: Appendix
Appendix Third Quarter 2024 Earnings| 10
Slide 11: Appendix: Reconciliations of non-GAAP financial measures
APPENDIX Reconciliations of non-GAAP financial measures Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, Reconciliation of Reported Diluted EPS to Adjusted Diluted EPS 2024 2023 2024 2023 Reported Diluted EPS $ 3.27 $ 3.51 $10.30 $12.00 Less: Per diluted s