Allegion Plc · NYSE:ALLE

Allegion — Q3 2015 Earnings Presentation

15 slides from Allegion's earnings presentation, Oct 29, 2015

  1. Slide 1: Allegion Third-Quarter 2015 Results

    Allegion Third-Quarter 2015 Results October 29, 2015

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation 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 Compa

  3. Slide 3: Third-Quarter 2015 Financial Highlights

    Third-Quarter 2015 Financial Highlights  Revenue of $544.5 million decreased 0.4%, +5.1% on an organic basis(1) ‒ Americas organic revenue growth +7.0% ‒ EMEIA organic revenue growth +2.2% ‒ Asia Pacific organic revenue decreased -10.2% ‒ Allegion electronics revenue growth exceeding +30%  Adjuste

  4. Slide 4: Notable Third-Quarter Events

    Notable Third-Quarter Events  Three Acquisitions Completed  Milre Systek Co., Ltd. (7/31/15)  SimonsVoss Technologies GmbH (9/1/15)  Axa Stenman Holding (9/1/15)  Two Divestitures Complete/Announced  Venezuelan business (9/1/15)  Bocom Wincent (Announced – Pending)  Restructuring  Achieved

  5. Slide 5: Schlage Sense pre-orders started Sept. 1

     Schlage Sense pre-orders started Sept. 1  Hardware and Building Supply Dealer: “…one of the strongest, most intelligent Bluetooth-enabled locks on the market.”  Mashable: “ ‘Siri, it's bedtime.’ And with that, the Lutron Serena shades drop, the Schlage door lock bolts tight and the Philip Hue li

  6. Slide 6: Allegion Revenue Results

    Third-Quarter 2015 Allegion Revenue Results Q3 Reported Q3 Organic (1) 3Q15 Growth Growth Price 1.2% Americas -1.0% 7.0% Volume 3.9% EMEIA 2.2% 2.2% Organic 5.1% Asia Pacific 0.0% -10.2% Acq./Div. 2.0% Currency -7.5% Total -0.4% Total Allegion -0.4% 5.1% Americas strong organic growth continues; Acq

  7. Slide 7: Allegion Results

    Third-Quarter 2015 Allegion Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q3 Revenue Performance Q3 Adjusted Operating Margin +120bps  Total growth -0.4%; organic growth +5.1%  Margin improvement in all regions  Strong organic growth in Americas and  Strong operating lever

  8. Slide 8: Allegion EPS Performance

    Third-Quarter 2015 Allegion EPS Performance Q3 $0.02 $0.02 $0.15 $0.92 ($0.03) ($0.04) $0.12 $0.65 $0.03 $0.68 Acquisitions $0.03 Interest ($0.01) Volume/Mix $0.06 Price $0.02 Productivity $0.08 Inflation ($0.02) FX ($0.02) Bocom ($0.87) Venezuela ($0.27) M&A ($0.05) Restructure ($0.01) ($1.20) $(0.

  9. Slide 9: Americas Results

    Third-Quarter 2015 Americas Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q3 Revenue Performance Q3 Adjusted Operating Margin +10bps  Total growth -1.0%; organic growth +7.0%  Positive margin expansion inclusive of Venezuelan FX headwinds and divestiture  Strong growth in n

  10. Slide 10: EMEIA Results

    Third-Quarter 2015 EMEIA Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q3 Revenue Performance Q3 Adjusted Operating Margin +510bps  Total growth +2.2%; organic growth +2.2%  Continued progress on EMEIA margin  Benefit of acquisitions offsetting currency transformation headw

  11. Slide 11: Asia Pacific Results

    Third-Quarter 2015 Asia Pacific Results Revenue Adjusted Operating Income(1) ($millions) ($millions) Q3 Revenue Performance Q3 Adjusted Operating Margin +360bps  Total growth flat to PY; organic growth -10.2%  Acquisitions accretive to margins  Strong double-digit growth in hardware  Price and p

  12. Slide 12: Allegion ACF

    Third-Quarter 2015 Allegion ACF Available Cash Flow 1 ($millions)  Q3 YTD ACF is $36.3 million less than prior year, primarily due to increased operating cash requirements and one-time cash tax payments partially offset by reduced capital expenditures Working Capital 2 and Cash Conversion Cycle(CCC

  13. Slide 13: Full-Year 2015 Guidance

    Full-Year 2015 Guidance Total -1.5% to -0.5% Americas YOY Total Revenue Growth -2.5% to -1.5% Organic 5.5% to 6.5% Total -4% to -2% EMEIA Organic -2% to Flat YOY Organic(1) Revenue Growth 2.5% to 4.0% Total -10% to -8% Asia Pacific Organic -15% to -13% 2015 Reported EPS from Continuing Operations $1

  14. Slide 14: Summary

    Summary  Q3 adjusted organic revenue growth +5.1%; Adjusted operating margin +120bps ‒ Growth and expansion of electronic portfolio ‒ Accretive acquisitions ‒ Slowing of China system integration business  U.S. markets continue slow but steady improvement; European markets more positive  EMEIA pro

  15. Slide 15: ALLEGION

    | i. ALLEGION

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