Albany International Corporation · NYSE:AIN
Albany International — Q1 2016 Earnings Presentation
7 slides from Albany International's earnings presentation, May 2, 2016
Slide 1: Q1 Financial Performance May 2, 2016
Q1 Financial Performance May 2, 2016
Slide 2: 'Non-GAAP' Items and Forward-Looking Statements
‘Non-GAAP’ Items and Forward-Looking Statements This 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
Slide 3: Net Sales by Segment
Net Sales by Segment (in thousands) Net Sales Three Months ended March 31, 2016 2015 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $145,264 $158,494 -8.3% ($1,838) -7.2% Albany Engineered Composites (AEC) 27,067 22,
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by Quarter Percentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 47.4% 47.9% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 40.4% 42.1% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Machine Clothing Total Company Includes 8
Slide 5: Earnings Per Share
Earnings Per Share Per share amounts (Basic) Three Months ended March 31, 2016 2015 Netincome attributable to the Company, as reported $0.42 $0.38 Adjustments: Restructuring charges 0.01 0.18 Discrete tax charges/(benefit) (0.03) 0.01 Foreign currency revaluation (gains)/losses 0.03 (0.10) Acquisiti
Slide 6: Adjusted EBITDA
Adjusted EBITDA Three Months ended March 31, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $37,139 ($3,706) ($20,117) $13,316 Interest expense, net - - 2,238 2,238 Income tax expense - - 7,043 7,043 Depreciation and amortizati
Slide 7: Debt
Debt $ thousands $92,970 $111,765 $120,172 $98,710 $80,570 $86,067 $272,772 $282,603 $302,646 $270,490 $265,683 $255,682 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 December 31, 2014 March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 March 31, 2016 Net Debt Total