Janus International Group, Inc. · NYSE:JBI
Janus International — Q2 2021 Earnings Presentation
9 slides from Janus International's earnings presentation, Aug 10, 2021
Slide 1: Second Quarter 2021 Earnings Presentation
SECOND QUARTER 2021 EARNINGS PRESENTATION August 10, 2021
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements in this communication may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
Slide 3: Agenda
AGENDA Business Financial Overview & Outlook Overview Scott Sannes Ramey Jackson Chief Financial Officer Chief Executive Officer 3
Slide 4: Q2 2021 Results Overview
Q2 2021 Results Overview • Revenues up 42.5% YoY, driven by strong performance in the Commercial and R3 sales channels coupled with the COVID-impacted 2020 results. • Adj. EBITDA of $35.9 million, up 26% versus the year ago quarter, driven by higher revenues partially offset by inflationary cost inc
Slide 5: Second Quarter Financial Highlights
SECOND QUARTER FINANCIAL HIGHLIGHTS Q2 Q2 YoY 2021 2020 Change Revenue $174.2M $122.2M 42.5% Strong Top Line Adj. EBITDA $35.9M $28.5M 26.0% Growth with Some Inflationary Cost Adj. EBITDA Margin Pressure and 20.6% 23.3% (2.7)% Strategic Net Income Investments $1.1M $11.0M (90.0)% OCF $44.8M $50.5M (
Slide 6: EBITDA Reconciliation Bridge
EBITDA Reconciliation Bridge Janus International Group, Inc. Adjusted EBITDA to Management Adjusted EBITDA Reconciliation LTM June 2021 Q2 2021 LTM Mar 2021 Q1 2021 FY2020A FY2019A FY2018A Net Income $ 51.1 $ 1.1 $ 62.7 $ 14.7 $ 56.8 $ 34.3 $ 7.6 Interest Expense 32.9 7.5 34.2 8.1 36.0 42.6 34.5 Tax
Slide 7: 2021 Outlook
2021 Outlook • Outlook reflects solid H1 2021 results, strong backlog, the FULL YEAR expected impact of recent commercial and cost containment FY 2021 GUIDANCE initiatives, and current visibility of end markets. • Outlook assumes no further degradation in raw materials, labor availability, or logist
Slide 8: Overview of DBCI Acquisition
Overview of DBCI Acquisition Business Description Key Products & Services ? Founded in 1990 by Janus’ founder and current board member David Curtis, DBCI Steel Doors manufactures steel doors, including light-duty and heavy-duty roll-up doors and hallways ? Light-Duty Commercial Roll-Up Doors: steel
Slide 9: Summary
Summary ? Solid quarter results in line with expectations? Announced a number of key leadership appointments ? Growth driven by strength in the Commercial and R3 sales channels, partially bolstered by COVID-related recovery? Headwinds from raw material, labor and logistics inflation being addressed
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