Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q3 FY2022 Earnings Presentation
12 slides from Advanced Drainage Systems's earnings presentation, Feb 3, 2022
Slide 1: Q3 Fiscal 2022 Financial Results
/IBDS Q3 Fiscal 2022 Financial Results February 3, 2022
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations /IBDS.
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics 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 projections regarding the Company's b
Slide 4: Q3 Fiscal 2022 Highlights
Q3 Fiscal 2022 Highlights Demand * Backlog, book-to-bill ratio, order pace and quoting activity remain very strong at both ADS and Infiltrator. + Demand strength is broad-based throughout US and Canada, throughout construction and agriculture end markets. + Strong results in priority states, particu
Slide 5: Q3 Fiscal 2022 Financial Performance
Q3 Fiscal 2022 Financial Performance Revenue Revenue Performance +471% (USD, in milion) By Business Domestic Markets + ADS Legacy 447% + Construction 187% $486 + Pipe 453% + Non-Residential 455% + Allied Products +33% + Residential +62% + Infiltrator 451% + Infrastructure +35% 3 FY22 Q3 FY2I — Agric
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Consolidated Adjusted EBITDA Working capital?) Cash tax Cash interest Transaction costs‘) Other Consolidated cash flow from operations Capital expenditures Consolidated Free Cash Flow Debt & Capital Leases December 31, Free Cash Flow “) (in millions) 2021 Term Lo
Slide 7: Updated Fiscal Year 2022 Guidance
Updated Fiscal Year 2022 Guidance Fiscal 2022 Expectations Key Metric FY 2021 FY 2022 Y-o-Y Change Net Sales _ Up (in Millions) $1,983 $2,675 - $2,725 35% to 37% Adj. EBITDA _ Up (in Millions) $567 $635 - S665 12% to 17% (490) to (420) Adj. EBITDA Margin 28.6% 23.7% - 24.4% s ; basis points /IBDS.
Slide 8: Q&A
Slide 9: Appendix
Appendix /IBDS
Slide 10: YTD Fiscal 2022 Financial Performance
YTD Fiscal 2022 Financial Performance Revenue 435.9% YTD FY22 (USD, in milion) $1,539 YTD FY21 Revenue Performance YTD FY22 30.7% YTD FY21 /IBDS. By Business + ADS Legacy +35% + Pipe +41% + Allied Products +21% + Infiltrator +37% $104.3 $472.4 YTD FY21 Volume Price / Mix, Materials Domestic Markets
Slide 11: Reconciliations: Net Sales by Segment
Reconciliations 11 Net Sales Intersegment Net Sales Net Sales from External Customers Net Sales Intersegment Net Sales Net Sales from External Customers Pipe 400,027$ (3,332)$ 396,695$ 254,209$ (1,311)$ 252,898$ Infiltrator Water Technologies 148,677 (26,314) 122,363 98,409 (17,188) 81,221 Internati
Slide 12: Reconciliations: Segment Adjusted Gross Profit and EBITDA
Reconciliations 12 (In thousands) 2021 2020 2021 2020 Segment adjusted gross profit Pipe 92,066$ 78,651$ 258,681$ 269,746$ Infiltrator Water Technologies 60,546 48,518 178,795 149,551 International 13,240 12,986 49,695 38,976 Allied Products & Other 72,785 55,158 204,063 176,006 Intersegment Elimina
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