Slide 1: Allegion First Quarter 2015 Results
Allegion First Quarter 2015 Results April 30, 2015
Slide 2: Safe Harbor
Safe Harbor This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's 2015 financial performance, the Company's growth strategy, the Company's capital allocation strategy, the Comp
Slide 3: First Quarter Financial Highlights
First Quarter Financial Highlights Revenue of $458.7 million decreased -1.7%, +5.9% on an organic basis1 ‒ Americas organic revenue growth +7.7% ‒ EMEIA organic revenue growth +0.7% ‒ Asia Pacific organic revenue growth +1.4% Adjusted2 operating income of $75.2 million decreased -2.5% reflecting
Slide 4: Opportunistic Acquisitions
Opportunistic Acquisitions Americas acquisition Asia Pacific acquisition ‒ Bronx, NY HQ ‒ Sydney, Australia HQ Pioneer in high-quality commercial door and Market-leading designer / manufacturer of window solutions: hardware and accessories for: ‒ Sound control sealing ‒ Interior sliding and
Slide 5: Allegion Revenue Results
First Quarter 2015 Allegion Revenue Results Strong organic growth in quarter; Currency headwinds continue 5 | First-Quarter 2015 Results
Slide 6: Allegion Results
First Quarter 2015 Allegion Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin -10bps Total growth -1.7 %; organic growth +5.9% Strong operating leverage on incremental volume Organic growth across all regions led by the Ame
Slide 7: Allegion EPS Performance
First Quarter 2015 Allegion EPS Performance Q1 Volume/Mix $0.08 Price $0.02 Productivity/Inflation ($0.01) 7 | First-Quarter 2015 Results
Slide 8: Americas Results
First Quarter 2015 Americas Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin -10bps Total growth +2.6%; organic growth +7.7% Strong operating leverage on incremental High single digit growth in non-residential volume Low
Slide 9: EMEIA Results
First Quarter 2015 EMEIA Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +200bps Total growth -17.6%; organic growth +0.7% EMEIA recovery plan delivering on Currency headwinds resulting from productivity expectations stre
Slide 10: Asia Pacific Results
First Quarter 2015 Asia Pacific Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +170bps Total growth +3.2%; organic growth +1.4% Improved margins from leverage of FSH acquisition and productivity partially offset by Good
Slide 11: Allegion ACF
First Quarter 2015 Allegion ACF Available Cash Flow 1 ($millions) First quarter use of cash consistent with historic seasonal cash flow trend ACF is favorable to prior year primarily due to increased earnings Working Capital 2 and Cash Conversion Cycle(CCC)3 Guiding full year ACF at ~95% of net
Slide 12: Venezuela Exchange Rate Update
Venezuela Exchange Rate Update Adopted SICAD II exchange rate of 50 bolivars per US dollar effective December 31, 2014 Adopted the market-based SIMADI rate after its introduction in February of 2015 and recorded the following charges: ‒ Devaluation of net monetary assets • Before tax and noncont
Slide 13: Full Year 2015 Guidance
Full Year 2015 Guidance Assumptions and Notes: Full-year effective tax rate assumption remains at 22% Average diluted share count for the full year of approximately 97 million shares Guidance assumes minimal contribution from Venezuela EPS Growth(1) +12% to +17%; Deliver ACF at ~95% of earning
Slide 14: Summary
Summary Q1 adjusted organic revenue growth +5.9% ‒ All regions delivered positive organic revenue growth ‒ Solid growth in U.S. non-residential segments Managing through currency headwinds EMEIA profitability improvement continues (+200 bps operating margin) Executing on new products and cha
Slide 15: Allegion
WN. ALLEGION