Slide 1: Second Quarter 2018 Earnings Presentation
Second Quarter 2018 Earnings Presentation May 8, 2018
Slide 2: Cautionary statements
Cautionary statements This presentation contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forwa
Slide 3: Consolidated Atkore Q2 2018 Financial Summary
Consolidated Atkore Q2 2018 Financial Summary Q2 Q2 Net Sales Growth Y/Y ($’s in millions) 2018 2017 Change Organic Growth +10.0% Acquisitions +8.5% Net Sales $445.0 $372.8 19.4% FX +0.9% Net Income $42.6 $18.9 +125% Total +19.4% Adjusted EBITDA(1) $65.3 $56.1 16.4% Net Income Margin 9.6% 5.1% +450
Slide 4: Consolidated Atkore Q2 2018 Highlights
Consolidated Atkore Q2 2018 Highlights Strategy execution and pricing discipline Q2 Net Sales Bridge delivered double digit growth in Net $3 $445M $32 sales, Adjusted EBITDA, and EPS $13 $24 $373M Organic volume growth of ~4% Adjusted EBITDA margin up 50 basis points, 2017 Volume Price / Mix M&A FX
Slide 5: Electrical Raceway Q2 Highlights
Electrical Raceway Q2 Highlights Q2 Q2 Y/Y Raceway business model and go to 2018 2017 Change ($’s in millions) market strategy continue to support volume and Adjusted EBITDA growth Net Sales $324.8 $271.0 19.8% expectations Adjusted EBITDA $56.4 $46.7 20.8% Volume growth on track with expectations A
Slide 6: Mechanical Products & Solutions Q2 Highlights
Mechanical Products & Solutions Q2 Highlights Q2 Q2 Y/Y A strengthening Industrial environment 2018 2017 Change ($’s in millions) and productivity savings drove Adjusted EBITDA improvement Net Sales $120.3 $102.2 17.7% Adjusted EBITDA $16.7 $15.5 +8.2% Broad based volume improvement Adjusted EBITDA
Slide 7: Key Balance Sheet and Cash Flow Metrics
Key Balance Sheet and Cash Flow Metrics Metrics Leverage Ratio (1) ($mm) 3/30/2018 Cash and cash equivalents $76.9 5.2x Total Debt $908.2 YTD CapEx $17.2 3.5x 3.4x YTD Net cash from operating $53.2 activities 2.3x 1.8x TTM Adjusted EBITDA(1) $245.4 Leverage Ratio(1) FY 2014 FY 2015 FY 2016 FY 2017 Q
Slide 8: 2018 Financial Outlook Summary
2018 Financial Outlook Summary Q3 2018 FY 2018 Electrical Raceway Volume +Low to Mid-Single Digits Segment Adjusted EBITDA* $ 55- $60M $220 - $230M Volume +High-Single Digits Mechanical Products & Solutions Segment Adjusted EBITDA* $12 - $16M $55 - $60M Adjusted EBITDA* $65 - $70M $250 - $260M Adjus
Slide 9: Appendix
atkore Appendix yf INTERNATIONAL ——
Slide 10: Segment Information
Segment Information Three months ended March 30, 2018 March 31, 2017 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical Raceway $ 324,787 $ 56,404 17.4 % $ 270,995 $ 46,687 17.2 % Mechanical Products & Solutions 120,310 $ 16,72
Slide 11: Adjusted earnings per share reconciliation
Adjusted earnings per share reconciliation Consolidated Atkore International Group Inc. Three months ended Six months ended March 30, March 31, March 30, March 31, (in thousands, except per share data) 2018 2017 2018 2017 Net income $ 42,558 $ 18,935 $ 69,747 $ 36,317 Stock-based compensation 2,770
Slide 12: Net Income to Adjusted EBITDA reconciliation
Net Income to Adjusted EBITDA reconciliation Consolidated Atkore International Group Inc. Three months ended Six months ended (in thousands) March 30, 2018 March 31, 2017 March 30, 2018 March 31, 2017 Net income $ 42,558 $ 18,935 $ 69,747 $ 36,317 Interest expense, net 9,286 5,231 15,880 15,061 Inco
Slide 13: Net Income to Adjusted EBITDA reconciliation
Net Income to Adjusted EBITDA reconciliation Consolidated Atkore International Group Inc. TTM Three months ended December 29, September 30, (in thousands) March 30, 2018 March 30, 2018 2017 2017 June 30, 2017 Net income $ 118,069 $ 42,558 $ 27,189 $ 20,857 $ 27,465 Interest expense, net 27,417 9,286
Slide 14: Net Debt to Total Debt and Leverage Ratio
Net Debt to Total Debt and Leverage Ratio Consolidated Atkore International Group Inc. March 30, September 30, September 30, September 25, September 26, ($ in thousands) 2018 2017 2016 2015 2014 Short-term debt and current maturities of long-term debt $ 7,653 $ 4,215 $ 1,267 $ 2,864 $ 42,887 Long-te