Slide 1: Regal Beloit Corporation Fourth Quarter 2016 Earnings Conference Call
Regal Beloit Corporation Fourth Quarter 2016 Earnings Conference Call February 7, 2017 Mark Gliebe Jon Schlemmer Chairman and Chief Operating Officer Chief Executive Officer Chuck Hinrichs Robert Cherry Vice President Vice President Chief Financial Officer Investor Relations ©2016 Regal Beloit Corpo
Slide 2: Appendix Non-GAAP Reconciliations: Adjusted Diluted EPS
Appendix Non-GAAP Reconciliations ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended Twelve Months Ended Dec 31, Jan 2, Dec 31, Jan 2, 2016 2016 2016 2016 GAAP Diluted Earnings (Loss) Per Share $ 1.01 $ (0.43) $ 4.52 $ 3.18 Goodwill Impairment - 1.30 - 1.29 Venezuelan Asset Write Down - 0.29 - 0
Slide 3: Appendix Non-GAAP Reconciliations: Adjusted Operating Income
Appendix Non-GAAP Reconciliations Three Months Ended Commercial & Industrial Power Transmission ADJUSTED OPERATING INCOME Systems Climate Solutions Solutions Total Regal Dec 31, Jan 2, Dec 31, Jan 2, Dec 31, Jan 2, Dec 31, Jan 2, 2016 2016 2016 2016 2016 2016 2016 2016 GAAP Income (Loss) from Operat
Slide 4: Appendix Non-GAAP Reconciliations: Free Cash Flow and Organic Growth
Appendix Non-GAAP Reconciliations FREE CASH FLOW RECONCILIATION Three Months Ended Twelve Months Ended Dec 31, Jan 2, Dec 31, Jan 2, 2016 2016 2016 2016 Net Cash Provided by Operating Activities $ 111.2 $ 113.9 $ 439.6 $ 381.1 Additions to Property Plant and Equipment (19.1) (26.8) (65.2) (92.2) Fre
Slide 5: Appendix Non-GAAP Reconciliations: Operating Margin without LIFO, EBITDA
Appendix Non-GAAP Reconciliations ADJUSTED OPERATING MARGIN WITHOUT LIFO Three Months Ended Twelve Months Ended Dec 31, Jan 2, Dec 31, Jan 2, 2016 2016 2016 2016 Adjusted Income from Operations $ 72.2 $ 79.5 $ 314.1 $ 382.3 LIFO Expense (Benefit) 14.5 (15.3) 14.5 (18.8) Adjusted Income from Operatio
Slide 6: Appendix Regal Shipping Days
Appendix Regal Shipping Days 1Q 2Q 3Q 4Q FY 2014 63 63 63 64 253 2015 64 63 64 59 250 2016 64 64 63 60 251 2017 64 63 63 60 250 Regal operates on a 52/53 week fiscal year ending on the Saturday closest to December 31 Fiscal Years 2015, 2016 and 2017 have 52 weeks Fiscal Year 2014 had 53 weeks