Matthews International Corporation · NASDAQ:MATW

Matthews International — Q2 2022 Earnings Presentation

16 slides from Matthews International's earnings presentation, Apr 29, 2022

  1. Slide 1: Second Quarter Fiscal 2022 Earnings Teleconference

    www.matw.com | Nasdaq: MATW Second Quarter Fiscal 2022 Earnings Teleconference April 29, 2022 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer

  2. 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

  3. Slide 3: Overview

    Matthews Gace INTERNATIONAL’ OVERVIEW

  4. Slide 4: Q2 2022 Summary

    © 2022 Matthews International Corporation. All Rights Reserved. Q2 2022 SUMMARY 4 Q2 2021 Q2 2022 Sales $ 417.2 $ 445.0 Diluted (L)EPS $ 0.16 $ (0.06) Non-GAAP Adjusted EPS* $ 0.89 $ 0.74 Net (Loss) Income Attributable to Matthews $ 5.0 $ (1.9) Adjusted EBITDA* $ 60.9 $ 55.2 ($ in millions except pe

  5. Slide 5: Industrial Technologies

    © 2022 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES 5 15.5% 12.4% 15.6%10.3% ($ in millions) $65.3 $78.2 Q2 FY2021 Q2 FY2022 $118.7 $152.5 FY2021 FY2022 $8.3 $14.4 Q2 FY2021 Q2 FY2022 $11.3 $21.6 FY2021 FY2022 12.7% 18.4% 9.5% 14.1% Q2 Sales Q2 Adjusted EBITDA & M

  6. Slide 6: Memorialization

    © 2022 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION 6 23.0% 21.1% $205.5 $220.0 Q2 FY2021 Q2 FY2022 $388.7 $430.7 FY2021 FY2022 $51.6 $42.9 Q2 FY2021 Q2 FY2022 $95.7 $86.3 FY2021 FY2022 25.1% 19.5% 24.6% 20.0% ($ in millions) Q2 Sales Q2 Adjusted EBITDA & Margin* YTD Sale

  7. Slide 7: SGK Brand Solutions

    © 2022 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS ($ in millions) 7 15.4% 12.9% $146.4 $146.8 Q2 FY2021 Q2 FY2022 $296.4 $300.4 FY2021 FY2022 $18.4 $13.5 Q2 FY2021 Q2 FY2022 $40.2 $28.9 FY2021 FY2022 9.2%12.5% 13.6% 9.6% Q2 Sales Q2 Adjusted EBITDA & Margin* YTD Sal

  8. Slide 8: 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 ◦ $75.0 million of proceeds from the sale of receivables under a receivables purchase agreement ◦ Increase

  9. Slide 9: Overview

    Matthews fEtaniss OVERVIEW INTERNATIONAL

  10. Slide 10: Business Update

    © 2022 Matthews International Corporation. All Rights Reserved. 10 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 ye

  11. Slide 11: Outlook for Fiscal 2022

    © 2022 Matthews International Corporation. All Rights Reserved. Key Drivers • Company re-affirms FY 2022 outlook of at least $220 million adjusted EBITDA • Inflationary pressures / commodity costs remain a challenge • War in Ukraine causing uncertainty • Impact of currency rate changes • Growth in I

  12. Slide 12: Information

    Matthews Buea INFORMATION INTERNATIONAL

  13. Slide 13: Non-GAAP measures definitions

    © 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

  14. 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 March 31, Six Months Ended March 31, 2022 2021 2022 2021 Net (loss) income $ (1,936) $ 5,152 $ (21,746)

  15. Slide 15: Adjusted Net Income and Earnings Per Share 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

  16. 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 March 31, 2022 September 30, 2021 Long-term debt, current maturities $ 3,872 $ 4,624 Long-term debt 74

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