Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q1 2024 Earnings Presentation
13 slides from Advanced Drainage Systems's earnings presentation, Aug 3, 2023
Slide 1: Q1 Fiscal 2024 Financial Results
/IBDS Qi Fiscal 2024 Financial Results August 3, 2023
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations ISDS.
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projection
Slide 4: Q1 Fiscal 2024 Highlights
Qi Fiscal 2024 Highlights Demand Revenue + Demand in Qi largely in line with expectations. + Infiltrator ahead of expectations as ‘ A ‘ ; F Sales Growth underlying single family housing * Outlook for single-family housing starts improving but has not (es) expectations are improving. resulted in an i
Slide 5: World-Class Engineering and Technology Center
World-Class Engineering and Technology Center
Slide 6: Q1 Fiscal 2024 Financial Performance
Q1 Fiscal 2024 Financial Performance Revenue Revenue Performance (15%) (USD, in milion) By Business Domestic Markets AGh = ADS Legacy (16%) FTO case ssmmenibloe = Pipe (19%) - Non-Residential (17%) - Allied Products (8%) - Residential (14%) S emer (15%) + Infrastructure 11% QUFY24 QUFY23 ~ Agricultu
Slide 7: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) YTD FY 2024 YTD FY 2023 A Consolidated Adjusted EBITDA $281 $299 $18) Working capital) (t) (28) 7 Cash tax (2) (8) 3 Cash interest (9) (5) (4) Transaction costs) (2) (2) ie) Other (13) 2) (4) Consolidated cash flow from operations $244 $250 $(6)
Slide 8: Fiscal Year 2024 Guidance
Fiscal Year 2024 Guidance Fiscal 2024 Expectations Key Metric FY 2023 FY 2024 Y-o-Y Change Net Sales _ Down (in Millions) $3,071 $2,600 - $2,800 9% to 15% Adj. EBITDA . Down (in Milions) $904 $725 - $825 9% to 20% Adj. EBITDA Margin 29.4% 27.9% - 29.4% REVO Glee) basis points ISDS.
Slide 9: Q&A
Slide 10: Appendix
Appendix /IBDS
Slide 11: Non-Residential Construction Timeline
Non-Residential Construction Timeline sie Construction Breaking Ground to Completion | — (a wonTHs p + ( ~6 MONTHS »: ++ —H- ~6 MONTHS Wand te in: dual wall pipe StormTech Chip ae ov! mk =o. Er .) @ Site Work begins begins s ‘oject Finish @ + Site clearing & rework + Foundation + Wall Framing + Floo
Slide 12: Reconciliations
Reconciliations 12 (In thousands) Net Sales Intersegment Net Sales Net Sales from External Customers Net Sales Intersegment Net Sales Net Sales from External Customers Pipe $ 428,572 $ (8,144) $ 420,428 $ 524,857 $ (9,874) $ 514,983 Infiltrator Water Technologies 141,486 (18,578) 122,908 166,290 (28
Slide 13: Reconciliations Notes
Reconciliations 13 Notes: a) Includes derivative fair value adjustments, foreign currency transaction (gains) losses, the proportionate share of interest, income taxes, depreciation and amortization related to the South American Joint Venture, which is accounted for under the equity method of accoun
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