Slide 1: Restatement & FY2016 Update
Exhibit 99.2 Restatement & FY2016 LEADERSHIP GROWTH Update MOMENTUMTHROUGH STRENGTH
Slide 2: Management Presenters
Management Joe Chairman Scott Executive Mike Director, LEADERSHIP 2THROUGH Chlapaty Cottrill Higgins Investor and Vice STRENGTH Presenters Chief President, GROWTH Relations Executive Chief MOMENTUM & Business Officer Financial Strategy Officer, Secretary and Treasurer
Slide 3: Safe Harbor
Safenot Certain 1934, are will,” these availability which residential corrugated thermoplastic operations processes; programs; environmental that statements Act) been uncertainties the Companys undertakes This Those other LEADERSHIP significant additional Harbor were presentation detected; companies
Slide 4: Opening Remarks
Opening The with Track steadily Large Demonstrated expansion Experienced LEADERSHIP 4THROUGH leading only a record addressable history over Remarks complete and player STRENGTH management of time. of ability strong GROWTH market product opportunity in solutions to cash theshare deliver innovation. i
Slide 5: FY2016 Top-line Commentary
FY2016 Top-line Commentary healthy favorable in We markets. strong product Increase Products. driven lower Fiscal FY2015 Net (in Adj. LEADERSHIP Margin 5THROUGH the billions) millions) continue Sales EBITDA majority raw Year growth by conversion line Financial FY2016E in growth weather favorable $1.
Slide 6: FY2016 Summary
21FY2016 strong. materials Favorable 3m 4Adjusted 5accelerating LEADERSHIP 6THROUGH Underlying Our the Opportunity omentum year continued Summary EBITDA isand sales experienced yielding revenue STRENGTH fundamentals into toGROWTH trends execution continue FY2017on should above-market growth expected
Slide 7: Restatement Financial Summary
Summary (in Fiscal FY2013 As Restatement 10-K Net Income *Adjusted LEADERSHIP 7THROUGH Asthousands) Originally sales originally Filed Year before FY2014 EBITDA $1,017,041 $61 $1,017,102 ofon Ended STRENGTH Impact Financial Restatement $(1,229) Reported 3/29/2016 income reported GROWTH FY2015* March
Slide 8: Remediation of Finance Organization
Remediation Finance Organization Develop Vision Delivery Enhance Establish support Implement Strengthen capabilities Continue Controller. reporting, LEADERSHIP 8THROUGH and SEC Transformation aour Model aamong to long Service enhanced oversight cross-functional through build use STRENGTH overall fil
Slide 9: Updated FY2016 Financial Guidance
FY2016 Current Prior Net $1.280—$1.287 $1.320—$1.365 Adjusted ~$45 CapEx EBITDA ~$40 LEADERSHIP 9THROUGH Sales (as million (as Updated of $180—$190 of May STRENGTH March GROWTH billion 12, Financial 2015) 30, million 2016) MOMENTUM Guidance $190—$215 million
Slide 10: FY2016 Estimated End Market Performance
FY2016 Estimated Commentary Although During Momentum 1. LEADERSHIP 3% Infrastructure 10% 15% 8% 0% 5% (2%)(2%) Market 10 Based 5% 0% 7% -5% 15% 10% 5% fiscal Growth Market on markets 9% Domestic throughout management Non-Residential year Agriculture GROWTH (1) Conversion have 2016, ADS Endfiscal not
Slide 11: End Market Commentary
End Non-Residential Infrastructure Agriculture Weaker Commentary* International Residential began While Ag *Market LEADERSHIP THROUGH 11Market market Market later infrastructure softness organic growth was than End storm End Performance STRENGTH End down GROWTH market Market in anticipated Market En
Slide 12: FY2016 Adjusted EBITDA Expectations vs FY2015
Adj.millions) (in FY2015 $144 $0—$4 $10—$15 $180—$190 $45—$50 $8—$10 (Restated) LEADERSHIP THROUGH 12 EBITDA Volume/Price/ Material STRENGTH FY2016 GROWTH Costs Expectations Transportation Costs MOMENTUM Hedges vs.Diesel Guidance FY2015& Resin Other FY2016E
Slide 13: Adjusted EBITDA Guidance vs Previous Guidance
Adj. (in Guidance $5—$10 Previous $0—$8 $180—$190 $10—$14 $10—$15 *Guidance* Hedges LEADERSHIP THROUGH 13Previous millions) EBITDA $2—$5 Restatement guidance Impact STRENGTH FY2016 GROWTH $190—$215 Costs withdrawn Transportation Expectations Material MOMENTUM onCosts August vs. Volume/ Resin Prior 1
Slide 14: Balance Sheet and Liquidity Highlights
Balance year Liquidity $169 Net our Shareholder Growth Profitable Priority CapEx Commentary to M&A products Committed Current LEADERSHIP share THROUGH 14 aid target debt Debt-to-EBITDA end. million in focus focus dividend Sheet market expected and expected range to on Returns STRENGTH on geographic
Slide 15: Key Business Drivers FY2017 Outlook
Key Business Construction Outlook* Agriculture International Resin Sales EBITDA Transportation SG&A *[Graphic Anticipate Commentary Softness FY2017 Cautious Overall, Reflects LEADERSHIP THROUGH 15Based Business Costs Costs on favorable build-out to Appears outlook Driver 2H16 continue managements En
Slide 16: Q&A Session
LEADERSHIP THROUGH 16 STRENGTH GROWTH MOMENTUM Q&A Session
Slide 17: Closing Remarks
4321Closing LEADERSHIP THROUGH 17 Top-line Positive Double Poised Remarks to digit momentum growth take STRENGTH order GROWTH advantage complemented activity is expected of MOMENTUM should continued by tocontinue continue lower growth rawto into material in support fiscal core construction improving
Slide 18: Appendix
LEADERSHIP Appendix THROUGH 18 STRENGTH GROWTH MOMENTUM
Slide 19: Adjusted EBITDA Reconciliation
EBITDA Fiscal (Amounts FY Net Depreciation Interest Income EBITDA1 Derivative Foreign Loss Unconsolidated depreciation Special Contingent Stock-based ESOP Asset Transaction Adjusted 1) 2) LEADERSHIP THROUGH 19 Adjusted EBITDA FY income (gain) impairment Year deferred FY dividend expense, tax currenc