Allison Transmission Holdings, Inc. · NYSE:ALSN
Allison Transmission — Q3 2024 Earnings Presentation
13 slides from Allison Transmission's earnings presentation, Oct 29, 2024
Slide 1: Q3 2024 Earnings Release
Q3 2024 Earnings Release October 29th, 2024 Dave Graziosi, Chair & CEO Fred Bohley, COO, CFO & Treasurer 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement The following information contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions
Slide 3: Non-GAAP Financial Information
Non-GAAP Financial Information We use Adjusted EBITDA and Adjusted EBITDA as a percent of net sales to measure our operating profitability. We believe that Adjusted EBITDA and Adjusted EBITDA as a percent of net sales provide management, investors and creditors with useful measures of the operationa
Slide 4: Call Agenda
Call Agenda Q3 2024 Performance 2024 Guidance Update 4
Slide 5: Q3 2024 Performance Summary
Q3 2024 Performance Summary ($ in millions, except per share data; variance % from Q3 2023) Net Sales Gross Profit Net Income Adjusted EBITDA* Diluted Earnings Per Share $824 $396 $200 $305 $2.27 +12% +11% +27% +14% +29% Increase was principally driven Increase was principally driven Increase was pr
Slide 6: Q3 2024 Net Sales Performance
Q3 2024 Net Sales Performance ($ in millions, variance % from Q3 2023) End Markets Q3 2024 Variance Commentary Principally driven by strength in demand for Class 8 vocational vehicles North America On-Hwy $457 22% and medium-duty trucks and price increases on certain products North America Off-Hwy $
Slide 7: Q3 2024 Financial Performance
Q3 2024 Financial Performance ($ in millions, except per share data) Q3 2024 $ Variance* % Variance* Commentary Increase was principally driven by strength in the North America On-Highway, Defense and Outside North America On-Highway end markets and price increases on certain products, Net Sales $82
Slide 8: Q3 2024 Cash Flow Performance
Q3 2024 Cash Flow Performance ($ in millions, variance from Q3 2023) Q3 2024 $ Variance % Variance Commentary Net Cash Provided by Principally driven by higher gross profit, partially offset by higher operating working $246 $34 16.0% capital funding requirements and higher cash income taxes Operatin
Slide 9: 2024 Guidance Update
2024 Guidance Update ($ in millions) Increasing full year 2024 guidance previously provided to the market on July 25, 2024 $3,135 - $3,215 $675 - $725 $1,115 - $1,175 $740 - $800 $135 - $145 $605 - $655 Net Cash Provided Adjusted Capital Adjusted Free Net Sales Net Income by Operating EBITDA* Activi
Slide 10: Appendix
Appendix Non-GAAP Financial Information 10
Slide 11: Non-GAAP Reconciliations (1 of 3)
Non-GAAP Reconciliations (1 of 3) Adjusted EBITDA Reconciliation Last twelve Three months ended months ended $ in millions, Unaudited For the year ended December 31, September 30, September 30, 2019 2020 2021 2022 2023 2023 2024 2024 Net Income (GAAP) $604 $299 $442 $531 $673 $158 $200 $726 plus: In
Slide 12: Non-GAAP Reconciliations (2 of 3)
Non-GAAP Reconciliations (2 of 3) Adjusted Free Cash Flow Reconciliation Last twelve Three months ended months ended $ in millions, Unaudited For the year ended December 31, September 30, September 30, 2019 2020 2021 2022 2023 2023 2024 2024 Net Cash Provided by Operating Activities (GAAP) $847 $561
Slide 13: Non-GAAP Reconciliations (3 of 3)
Non-GAAP Reconciliations (3 of 3) Guidance Reconciliation $ in millions Guidance Year Ending December 31, 2024 Low High Net Income (GAAP) $ 675 $ 725 plus: Income tax expense 170 180 Depreciation of property, plant and equipment 113 113 Interest expense, net 90 90 Amortization of intangible assets 1
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