Matthews International Corporation · NASDAQ:MATW
Matthews International — Q1 2021 Earnings Presentation
16 slides from Matthews International's earnings presentation, Jan 29, 2021
Slide 1: First Quarter Fiscal 2021 Earnings Teleconference
www.matw.com | Nasdaq: MATW First Quarter Fiscal 2021 Earnings Teleconference January 29, 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 Glee OVERVIEW INTERNATIONAL
Slide 4: Q1 2021 Summary
© 2021 Matthews International Corporation. All Rights Reserved. Q1 2021 SUMMARY * See supplemental slides for Adjusted EPS and Adjusted EBITDA reconciliations, and other important disclaimers regarding Matthews’ use of Non-GAAP measures Q1 GAAP and non-GAAP Comparison Sales • Memorialization sales g
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% $154.4 $183.3 Q1 FY2020 Q1 FY2021 $30.1 $44.1 Q1 FY2020 Q1 FY2021 Sales • S
Slide 6: SGK Brand Solutions
© 2021 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS Sales • Higher sales in the U.S. and European brand packaging businesses • Lower merchandising and retail-based sales • Lower sales of cylinders, surfaces and engineered products • Continued to experience unfavorable
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 • Warehouse automation sales impacted by COV
Slide 8: Capitalization and Cash Flows
© 2021 Matthews International Corporation. All Rights Reserved. • Strong operating results and working capital management generated significant increase in Q1 operating cash flow • Continued debt reduction of nearly $10 million for the first quarter • Calendar 2020 total debt reduction of $142.3 mil
Slide 9: Business Update
Matthews tsi OVERVIEW INTERNATIONAL
Slide 10: Business Update
© 2021 Matthews International Corporation. All Rights Reserved. 10 BUSINESS UPDATE SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Casket unit sales growth • Higher cremation equipment sales • Deferred cemetery products orders due to COVID-19 • Strong core brand packaging in North Amer
Slide 11: Outlook for Fiscal 2021
© 2021 Matthews International Corporation. All Rights Reserved. Key Drivers • Continued challenges and uncertainty in current COVID-19 economic environment • Orders continue to build in warehouse and energy storage • Continued focus on the Company's cost reduction programs • Focus on operating cash
Slide 12: Supplemental Information
Matthews Humane INFORMATION INTERNATIONAL
Slide 13: Non-GAAP financial measures notes
© 2021 Matthews International Corporation. All Rights Reserved. 13 Included in this report are measures of financial performance that are not defined by generally accepted accounting principles in the United States (“GAAP”). The Company uses non-GAAP financial measures to assist in comparing its per
Slide 14: Adjusted EBITDA Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 14 Three Months Ended December 31, 2020 2019 Net loss $ (1,992) $ (10,306) Income tax provision (benefit) 3,980 (5,397) Income
Slide 15: Adjusted Net Income and EPS 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 16: 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. 16 December 31, 2020 September 30, 2020 Long-term debt, current maturities $ 26,826 $ 26,824 Long-term debt 797,805 807,710 Total deb
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