Slide 1: Q2 Fiscal 2022 Financial Results
/IBDS Q2 Fiscal 2022 Financial Results November 4, 2021
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: Q2 Fiscal 2022 Highlights
Q2 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. Adjusted EBITDA (8%) $165 $174 @2Fy22 Q2Fy2t
Slide 5: Q2 Fiscal 2022 Financial Performance
Q2 Fiscal 2022 Financial Performance Revenue Q2 FY22 +29.8% (USD, in milion) $544 Q2FY21 Revenue Performance 32.0% Q2FY21 By Business + ADS Legacy + Pipe + Allied Products + Infiltrator $174.0 Q2FY21 ($2.1) Volume Price / Mix, Materials Domestic Markets + Construction "Non-Residential + Residential
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) FY 2022 FY 2021 ry Consolidated Adjusted EBITDA $331 $334 ($3) Working capital (163) 5 (168) Cash tax (62) (39) (23) Cash interest (15) (21) 6 Transaction costs‘) () () = Other 5 8 (3) Consolidated cash flow from operations $95 $286 (S19) Capita
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 Gn Mion) #1283 SE ole 29% to 34% Adj. EBITDA _ Up (in Millions) $567 $635 - S665 12% to 17% (350) to (370) Adj. EBITDA Margin 28.6% 24.9% - 25.1% 2 basis points /IBDS.
Slide 8: Q&A
Slide 9: Closing Remarks
Closing Remarks Project quotes, order rate and backlog are strong year-over-year. Demand and business activity remain strong with positive forward looking market indicators. Demand strength gives us confidence in the updated revenue guidance issued today as well as unchanged Adjusted EBITDA guidance
Slide 10: Appendix
Appendix /IBDS
Slide 11: YTD Fiscal 2022 Financial Performance
YTD Fiscal 2022 Financial Performance Revenue 430.7% YTD FY22 (USD, in milion) $1,053 YTD FY21 Revenue Performance YTD FY22 31.7% YTD FY21 /IBDS. By Business + ADS Legacy + Pipe + Allied Products + Infiltrator $21.9 $333.5 — YTD FY21 Volume Domestic Markets +30% A 90% + Non-Residential +10% + Reside
Slide 12: Reconciliations: Net Sales by Segment
Reconciliations 12 Net Sales Intersegment Net Sales Net Sales from External Customers Net Sales Intersegment Net Sales Net Sales from External Customers Pipe 384,521$ (2,668)$ 381,853$ 292,133$ (1,637)$ 290,496$ Infiltrator Water Technologies 145,911 (22,412) 123,499 105,986 (18,692) 87,294 Internat
Slide 13: Reconciliations: Segment Adjusted Gross Profit and EBITDA
Reconciliations 13 (In thousands) 2021 2020 2021 2020 Segment adjusted gross profit Pipe 82,472$ 100,496$ 166,615$ 191,095$ Infiltrator Water Technologies 58,847 53,105 118,249 101,033 International 15,077 14,582 36,455 25,990 Allied Products & Other 67,979 60,380 131,278 120,848 Intersegment Elimin