Allegion Plc · NYSE:ALLE
Allegion — Q1 2017 Earnings Presentation
14 slides from Allegion's earnings presentation, Apr 27, 2017
Slide 1: Allegion First-Quarter 2017 Results
Allegion First-Quarter 2017 Results April 27, 2017
Slide 2: Safe Harbor
Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's 2017 financial performance, the Company’s growth strategy, the Company’s capital allocation strategy, the Compa
Slide 3: Safe Harbor
Safe Harbor The Company defines the presented non-GAAP measures as follows: Adjustments to revenue, operating income, operating margin, net earnings, EPS, and EBITDA include items that are considered to be unusual or infrequent in nature such as goodwill impairment charges, restructuring charges,
Slide 4: First-Quarter Financial Highlights
First-Quarter Financial Highlights Revenue of $548.8 million increased +9.3%, +8.0% on an organic basis1 Americas organic revenue growth +10.3% EMEIA organic revenue growth +1.3% Asia Pacific organic revenue growth +4.8% Adjusted2 operating income of $100.7 million increased 19%; adjusted
Slide 5: Allegion Revenue Results
First-Quarter 2017 Allegion Revenue Results Robust organic growth; Contributions from acquisitions partially offset by currency headwinds 1 Organic excludes acquisitions and currency impacts See press release for non-GAAP reconciliations 5 | First-Quarter 2017 Results
Slide 6: Allegion Results
First-Quarter 2017 Allegion Results Revenue Adjusted Operating Income1 ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +150bps Total growth +9.3%; Organic growth +8.0% Favorable margin improvement in all regions Double-digit organic growth in Americas Solid operat
Slide 7: Allegion EPS Performance
First-Quarter 2017 Allegion EPS Performance Q1 7 | First-Quarter 2017 Results
Slide 8: Americas Results
First-Quarter 2017 Americas Results Revenue Adjusted Operating Income1 ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +120bps Total reported growth +12.3%; Organic growth Strong operating leverage on incremental +10.3% volume Double-digit growth in non-residential
Slide 9: EMEIA Results
First-Quarter 2017 EMEIA Results Revenue Adjusted Operating Income1 ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +20bps Total revenue declined -0.1%; Organic growth Price and productivity more than offset +1.3% inflation, currency headwinds and incremental Overal
Slide 10: Asia-Pacific Results
First-Quarter 2017 Asia-Pacific Results Revenue Adjusted Operating Income1 ($millions) ($millions) Q1 Revenue Performance Q1 Adjusted Operating Margin +260bps Total reported growth +9.6%; Organic growth Good volume leverage +4.8% Price and productivity more than offset Solid growth in Austra
Slide 11: Allegion ACF
First-Quarter 2017 Allegion ACF Available Cash Flow1 ($millions) Decrease in ACF is due to $50 million discretionary pension funding and is partially offset by increased earnings Working Capital2 & Cash Conversion Cycle (CCC)3 Affirming Full-Year ACF Guidance Range of $300 to $320 Million (inclusi
Slide 12: Full-Year 2017 Guidance
Full-Year 2017 Guidance Annual Assumptions & Notes Guidance Affirming Full Year total and organic revenue growth of 5.5% to 6.5% 2017 Reported EPS - Previous Guidance $3.55 to $3.70 Full-year effective tax rate assumption Adjustments - Previous Guidance $0.00 of 18.5% to 19.5% 2017 Adjusted EPS
Slide 13: Summary
Summary Q1 revenue increased $46.5 million, +9.3% vs. prior year Organic revenue growth +8.0% Acquisitions contributing $10.0 million Increased Q1 2017 adjusted operating margins +150 bps Adjusted EPS of $0.73 increased +19.7% Affirming Available Cash Flow Guidance $300 to 320 million
Slide 14: Allegion
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