Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q1 FY2023 Earnings Presentation
11 slides from Advanced Drainage Systems's earnings presentation, Aug 4, 2022
Slide 1: Q1 Fiscal 2023 Financial Results
Q1 Fiscal 2023 Financial Results August 4, 2022 Exhibit 99.2
Slide 2: Management Presenters
Management Presenters 2 Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics 3 Forward Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projecti
Slide 4: Q1 Fiscal 2023 Highlights
Q1 Fiscal 2023 Highlights 4 $786 $166 $563 $127 ADS Legacy Infiltrator Q1 FY23 Q1 FY22 Sales Growth +40% +31% Demand Revenue Business UpdatesProfitability $299 $167 Q1 FY23 Q1 FY22 Adjusted EBITDA +80% • Favorable pricing covering inflationary cost pressures related to raw materials, transportation
Slide 5: Q1 Fiscal 2023 Financial Performance
Q1 Fiscal 2023 Financial Performance 5 32.7% 24.9% Q1 FY23 Q1 FY22 $914 $669 Q1 FY23 Q1 FY22 +780 bps (USD, in millions)+36.6% Domestic Markets + Construction +44% + Non-Residential +47% + Residential +43% + Infrastructure +22% ‒ Agriculture (5%) Revenue Performance By Business + ADS Legacy +40% + P
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure 6 FY 2023 FY 2022 ∆ Consolidated Adjusted EBITDA $299 $167 $132 Working capital(2) (28) (36) 8 Cash tax (5) (3) (2) Cash interest (4) (4) 0 Transaction costs(3) (2) 0 (2) Other (10) (20) 10 Consolidated cash flow from operations $250 $104 $146 Capital expenditure
Slide 7: Updated Fiscal Year 2023 Guidance
Updated Fiscal Year 2023 Guidance 7 Key Metric FY 2022 FY 2023 Y-o-Y Change Net Sales (in Millions) $2,769 $3,250 - $3,350 Up 17% to 21% Adj. EBITDA (in Millions) $676 $900 - $940 Up 33% to 39% Adj. EBITDA Margin 24.4% 27.7% - 28.1% +330 to +370 basis points Fiscal 2023 Expectations
Slide 8: Q&A
Q&A
Slide 9: Appendix
Appendix /IBDS
Slide 10: Segment Net Sales Reconciliations
/IBDS. (In thousands) Pipe Infiltrator Water Technologies International International - Pipe International - Allied Products & Other Total International Allied Products & Other Intersegment Eliminations Total Consolidated Reconciliations Three Months Ended June 30, 2022 June 30, 2021 Net Sales from
Slide 11: Reconciliations
Reconciliations 11 Notes: a) Includes derivative fair value adjustments, foreign currency transaction (gains) losses, the proportionate share of interest, income taxes, depreciation and amortization related to the South American Joint Venture, which is accounted for under the equity method of accoun
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