Albany International Corporation · NYSE:AIN
Albany International — Q3 2016 Earnings Presentation
8 slides from Albany International's earnings presentation, Oct 31, 2016
Slide 1: Q3 Financial Performance October 31, 2016
Q3 Financial Performance October 31, 2016
Slide 2: 'Non-GAAP' Items and Forward-Looking Statements
‘Non-GAAP’ Items and Forward-Looking Statements This presentation contains the following non-GAAP measures: Percentage changes in net sales, excluding currency rate effects (for each segment, and the Company as a whole); Adjusted EBITDA (for each segment, and the Company as a whole); Net debt; and N
Slide 3: Net Sales by Segment
Net Sales by Segment 3 (in thousands, except percentages) Net Sales Three Months ended September 30, 2016 2015 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $143,248 $154,522 -7.3% $212 -7.4% Albany Engineered Compo
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by Quarter Percentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 47.4% 47.9% 47.6% 47.5% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 40.4% 42.1% 38.5% 37.9% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 M
Slide 5: Earnings Per Share
5 Earnings Per Share Per share amounts (Basic) Three Months ended September 30, 2016 2015 Nine Months Ended September 30, 2016 2015 Net income attributable to the Company, as reported (GAAP) $0.41 $0.30 $1.15 $0.62* Adjustments: Restructuring expenses, net 0.01 0.07 0.15 0.27 Discrete tax adjustment
Slide 6: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Three Months ended September 30, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income (GAAP) $40,039 ($4,529) ($22,101) $13,409 Interest expense, net - - 3,681 3,681 Incom
Slide 7: Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment
Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 7 Nine Months ended September 30, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income (GAAP) $112,583 ($14,083) ($61,674) $36,826 Interest expense, net - - 9,610 9,610 Inco
Slide 8: Total Debt (GAAP) and Net Debt (non-GAAP)
Total Debt (GAAP) and Net Debt* (non-GAAP) $ thousands $120,172 $98,710 $80,570 $86,067 $310,287 $302,646 $295,638 $270,490 $265,683 $255,682 $486,312 $491,808 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 June 30, 2015 September 30, 2015 December 31, 20