Matthews International Corporation · NASDAQ:MATW

Matthews International — Q4 2023 Earnings Presentation

12 slides from Matthews International's earnings presentation, Nov 29, 2023

1. Slide 1: Investor Presentation – Quarterly Update Fiscal Fourth Quarter 2023

   www.matw.com | Nasdaq: MATW © 2023 Matthews International Corporation. All Rights Reserved. INVESTOR PRESENTATION – QUARTERLY UPDATE Fiscal Fourth Quarter 2023

2. Slide 2: Disclaimer

   © 2023 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. These forward-looking statements include, but are

3. Slide 3: Our Business Segments

   © 2023 Matthews International Corporation. All Rights Reserved. OUR BUSINESS SEGMENTS Matthews today builds on its legacy with development of new technologies that provide a platform for continued evolution and growth. 3 The SGK Brand Solutions segment is a leading provider of packaging solutions an

4. Slide 4: Q4 & YTD FY2023 Summary

   © 2023 Matthews International Corporation. All Rights Reserved. Q4 & YTD FY2023 SUMMARY * See supplemental slides for Adjusted EPS and Adjusted EBITDA reconciliations, and other important disclaimers regarding Matthews’ use of Non-GAAP measures 4th Quarter ("Q4") Highlights Sales • Consolidated sale

5. Slide 5: Financial Summary

   © 2023 Matthews International Corporation. All Rights Reserved. 5 FINANCIAL SUMMARY (Unaudited) (Dollars in thousands) Fiscal Year Ended September 30, 2021 2022 2023 Sales: Memorialization $ 769,016 $ 840,124 $ 842,997 Industrial Technologies 284,495 335,523 505,751 SGK Brand Solutions 617,519 586,7

6. Slide 6: Industrial Technologies

   © 2023 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 6 15.5% 12.4% 15.6%10.3% Sales • Q4 increased 34%; YTD increased over 50% •

7. Slide 7: Memorialization

   © 2023 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 7 23.0% 21.1% $206.3 $204.9 Q4 FY2022 Q4 FY2023 $840.1 $843.0 FY2022 FY2023 $33.4 $

8. Slide 8: SGK Brand Solutions

   © 2023 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS Sales • Unfavorable currency impacts of $16.1 million YTD • European businesses continued to be challenged by market conditions Adjusted EBITDA • Favorable impacts of cost reduction initiatives and price realization

9. Slide 9: Appendix

   © 2023 Matthews International Corporation. All Rights Reserved. 9 APPENDIX

10. Slide 10: Non-GAAP Reconciliation: Adjusted EBITDA

    © 2023 Matthews International Corporation. All Rights Reserved. NON-GAAP RECONCILIATION (Unaudited) 10 APPENDIX A T T L ADJUSTED EBITDA Fiscal Year Ended September 30, 2021 2022 2023 Net income (loss) $ 2,858 $ (99,828) $ 39,136 Income tax provision (benefit) 6,375 (4,391) 1,774 income (loss) before

11. Slide 11: Adjusted Net Income & Earnings Per Share Non-GAAP Reconciliation

    © 2023 Matthews International Corporation. All Rights Reserved. 11 APPENDIX B ADJUSTED NET INCOME & EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) Fiscal Year Ended September 30, 2021 2022 2023 per share per share per share Net income (loss) attributable to Matthews $ 2,910 $ 0.09 $ (99,774)

12. Slide 12: Net Debt & Net Debt Leverage Ratio Non-GAAP Reconciliation

    © 2023 Matthews International Corporation. All Rights Reserved. 12 APPENDIX C NET DEBT & NET DEBT LEVERAGE RATIO NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) Fiscal Year Ended September 30, 2021 2022 2023 Long-term debt, current maturities $ 4,624 $ 3,277 $ 3,696 Long-term debt 759,086

Matthews International — Q4 2023 Earnings Presentation on 6ix