Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Q4 FY2020 Earnings Presentation
15 slides from Lsi Industries's earnings presentation, Aug 20, 2020
Slide 1: Fourth Quarter & Full-Year Fiscal 2020 Results
@ Fourth Quarter & Full-Year Fiscal 2020 Results August 20, 2020
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements and Non-GAAP Financial Measures Tie presentation includes Norwardisking statement” thin te meaning of the federal securities la, which Ive Pek and wncertanes. Forward ooking statements Include al stntements that donot flate see to MetorCal or current face and yo
Slide 3: Executive Summary
EXECUTIVE SUMMARY Fiscal Fourth Quarter 2020 ‘usiness Transformation progress continues, contributing fo Improved earnings vers prior yeor Gross margin rate Increased 200 bps y/y 10 25.5%, civen by Lighting Segment (+520 bps y/y) ‘Operating income +$1.6 milion y/y fo $2.4 millon, Adj EBITDA increase
Slide 4: COVID-19 Business Response
COVID-19 BUSINESS RESPONSE Maintaining safe, reliable operations, while reducing operating costs Employee Safety Cost Reductions > LSI operates os a wpplier 10 > Reduced total SGBA by nearly 20% caistomers operating in ciiteal —in_F4GQQ0, when compared to > We contiwe to monitor potential Infrastruc
Slide 5: Consolidated Performance Indicators
CONSOLIDATED PERFORMANCE INDICATORS Improved sales mix and targeted cost reduction contributed to improved profitability £4020 Ad EBITDA improved 7m of rales Total Soles (Sm) (GAAP / Non-GAAP Died Earnings Per Share (SMM) Rcd $3056 $0.03 $000 $0.06 $0.06 sooe gg 3? = — i |_| “ O19 #4020 rie 20 i Sit
Slide 6: Lighting Segment Update
LIGHTING SEGMENT UPDATE Higher-value sales mix drove gross profit margin expansion === morn ale $310 ht /7oeting cod teins om New Wind ole : LUghting Seament Soles (SMM) Lchting Segment Adjusted Operating Income SM 52351 $2062 ating Segment Adit EBITDA SAM) Uahting Segment Adkted EBITDA Moran (4) @
Slide 7: Graphics Segment Update
GRAPHICS SEGMENT UPDATE Y/Y growth in adjusted operating income, adjusted EBITDA and adjusted EBITDA margin income ngroverer supported by Ogi! end Reta Pet ‘Song boklog of demand rom key ‘roots Seomen Sle rope Segment Ade Operating zone Crops Seomen Adiied TDA 0 Crops Segment Ade EATDA Marin)
Slide 8: Improved Working Capital Management
IMPROVED WORKING CAPITAL MANAGEMENT 20% y/y decline in total working capital driven by inventory reductions ssa $835 , 30 edad ol ivanetan by cote $21 a wor fio «ROMS GNOS HOD Faa1 = Ftazo = F202, F3az0. Fuad, 5)
Slide 9: Continued Growth in Free Cash Flow
CONTINUED GROWTH IN FREE CASH FLOW Strong Year-Over-Year Growth In Cash Flow From Operations TIM F4Q10 va. TIM F420 Free Cash Flow (SMM)/L2) °e Morten $29 milion net proceed rom ne le ong a . (0) Fete toe nase twtom pac ns opt epans {3 ‘MiccmpeyreavediSo7msons con peceaionerauet Sate Who Coenen 1030
Slide 10: Disciplined Balance Sheet Management
DISCIPLINED BALANCE SHEET MANAGEMENT Growth In Free Cash Flow Supports Reduction in Net Debt e eet ong Sm WeDo / Th ned TOA : 10
Slide 11: Appendix
APPPENDIX
Slide 12: Adjusted Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share Non-GAAP Reconciliation - In Thousands of Dollars, Except For Per Share Data 32019 32020 42000 Diuted bs Disteg PS ‘iated Es Net income $862 $ 003 $186 $ 007 $1513 $ 006 Restructuring and plant closure cost (gains) 1005 0.08 (2.769) (010) at. Severance costs se ce
Slide 13: Segment Adjusted Operating Income and EBITDA
Segment Adjusted Operating Income and EBITDA Non-GAAP Reconciliation - Thousands of Dollars Lighting Segment aro _as2m0 _ gs2020 Natsoke a) 28 ps asso Opertreincome 370 iam ane Rest rdplantcloase cot ene) aos ay dausted peeting come 340m aaa Deprecatonandaertzaton a7al_— 18501495 jst BOA) Cr ‘dst BT
Slide 14: Free Cash Flow
Free Cash Flow In Thousands of Dollars, Except For Per Share Data Lstingusies a42019__ 12020 _a22020 032020 _at 2020 Net cash lows (sedi) provided by operating actives S106 «6359 «M888 (3806) «12013 Purchases of property, slant and equipment (270) 55) ves) tat9) 4200), Proceeds from sale of aesete c
Slide 15: Net Debt Outstanding
Net Debt Outstanding In Thousands of Dollars, Except For Per Share Data Istinguseies 1982019012020 022020 03.2020 _at 2020 Debt gos 2318110437 7.919 es Cash oes 1579128 823517 Net Debt Outstanding Basis tiem 9389 7999 3517)