Matthews International Corporation · NASDAQ:MATW
Matthews International — Q4 2021 Earnings Presentation
17 slides from Matthews International's earnings presentation, Nov 19, 2021
Slide 1: Fourth Quarter Fiscal 2021 Earnings Teleconference
www.matw.com | Nasdaq: MATW Fourth Quarter Fiscal 2021 Earnings Teleconference November 19, 2021 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer
Slide 2: Disclaimer
© 2021 Matthews International Corporation. All Rights Reserved. DISCLAIMER 2 Any forward-looking statements contained in this presentation are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
Slide 3: Overview
Matthews Gace INTERNATIONAL’ OVERVIEW
Slide 4: Q4 & YTD FY2021 Summary
© 2021 Matthews International Corporation. All Rights Reserved. Q4 & YTD FY2021 SUMMARY * See supplemental slides for Adjusted EPS and Adjusted EBITDA reconciliations, and other important disclaimers regarding Matthews’ use of Non-GAAP measures Highlights Sales • New Company record for quarterly sal
Slide 5: Memorialization
© 2021 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 5 23.0% 21.1% $177.7 $195.9 Q4 FY2020 Q4 FY2021 $656.0 $769.0 FY2020 FY2021 $43.3 $
Slide 6: SGK Brand Solutions
© 2021 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS Sales • Q4 increased due to higher sales of engineered products • Q4 also favorably impacted by higher retail- based sales • YTD increased due to higher sales of engineered products, partially offset by lower retail-
Slide 7: Industrial Technologies
© 2021 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 7 15.5% 12.4% 15.6%10.3% Sales • Q4 and YTD sales increases in warehouse au
Slide 8: Capitalization and Cash Flows
© 2021 Matthews International Corporation. All Rights Reserved. • Continued strong operating cash flow; FY21 includes $15 million discretionary pension contribution • Q4 debt reduction of $28.8 million; Net Debt* reduction of $31.7 million • FY21 debt reduction of $70.8 million; Net Debt* reduction
Slide 9: Overview
Matthews fEtaniss OVERVIEW INTERNATIONAL
Slide 10: Accomplishments During COVID
© 2021 Matthews International Corporation. All Rights Reserved. • Record sales: FY 2021 Q3 & Q4 and Full Year 2021 • Record operating cash flow; $343 million over two years • Sales growth for all business segments in FY 2021 • Working capital - $59 million improvement over two years • Debt reduction
Slide 11: Business Update
© 2021 Matthews International Corporation. All Rights Reserved. 11 BUSINESS UPDATE SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Higher casket, cemetery memorial products and cremation equipment sales • Higher material and freight costs, especially in Q4, will continue in FY22 • Expe
Slide 12: Outlook for Fiscal 2022
© 2021 Matthews International Corporation. All Rights Reserved. Key Drivers • Orders continue to build in warehouse and energy storage • Retail-based businesses continue to show signs of recovery • Memorialization unit volume expected to be impacted as pandemic subsides • Higher material costs (bron
Slide 13: Supplemental Information
Matthews Buea INFORMATION INTERNATIONAL
Slide 14: Non-GAAP Measures Definitions
© 2021 Matthews International Corporation. All Rights Reserved. 14 Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, net debt and net debt leverage ratio. The Company defines net de
Slide 15: Adjusted EBITDA Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 15 Three Months Ended September 30, Year Ended September 30, 2021 2020 2021 2020 Net (loss) income $ (3,668) $ 7,400 $ 2,858 $
Slide 16: Adjusted Net Income and Earnings Per Share Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted net income and ad
Slide 17: Net Debt Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to net debt. 17 September 30, 2021 September 30, 2020 Long-term debt, current maturities $ 4,624 $ 26,824 Long-term debt 759,086 807,710 Total deb
Matthews International — Q4 2021 Earnings Presentation on 6ix