Albany International Corporation · NYSE:AIN

Albany International — Q2 2014 Earnings Presentation

7 slides from Albany International's earnings presentation, Aug 5, 2014

  1. Slide 1: Albany International Corp. Q2 Financial Performance

    August 4, 2014 Albany International Corp. Q2 Financial Performance

  2. Slide 2: Non-GAAP Items and Forward-Looking Statements

    ‘Non-GAAP’ Items and Forward-Looking StatementsThis presentation contains certain items, such as net income attributable to the Company, excluding adjustments (absolute as well as per-share), earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA and net debt, that

  3. Slide 3: Net Sales by Segment

    Net Sales by Segment Net Sales Three Months ended June 30, 2014 2013Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect (in thousands) Machine Clothing (MC) Albany Engineered Composites (AEC) Total $172,809 20,709 $193,518 $177,536 20,438 $197

  4. Slide 4: Gross Profit Margin by Quarter

    Gross Profit Margin by Quarter Percentage of Net Sales Machine Clothing Total Company Q1 2013 0.442 0.39 Q2 2013 0.438 0.391 Q3 2013 0.416 0.371 Q4 2013 0.417 0.382 Q1 2014 0.45 0.415 Q2 2014 0.424 0.389

  5. Slide 5: Earnings Per Share

    Earnings Per Share Per share amounts (Basic) Three Months ended June 30, 2014 2013 Six Months ended June 30, 2014 2013 Net income/(loss) attributable to the Company, as reported $0.35 ($0.23) $0.69 $0.13 Adjustments: Loss from discontinued operations - 0.01 - 0.01 Restructuring charges 0.04 0.47 0.0

  6. Slide 6: Adjusted EBITDA

    Adjusted EBITDA Three Months ended June 30, 2014 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $33,879 ($3,545) ($19,157) $11,177 Interest expense, net - - 2,717 2,717 Income tax expense - - 7,216 7,216 Depreciation and amortizatio

  7. Slide 7: Net Debt

    Net Debt $ thousands Net Debt December 31, 2011 $255,903 December 31, 2012 $129,021 December 31, 2013 $81,834 March 31, 2014 $94,040 June 30, 2014 $78,225

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