Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q2 FY2023 Earnings Presentation
12 slides from Advanced Drainage Systems's earnings presentation, Nov 3, 2022
Slide 1: Q2 Fiscal 2023 Financial Results
/IBDS Q2 Fiscal 2023 Financial Results November 3, 2022
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: Q2 Fiscal 2023 Highlights
Infiltrator. Q2 Fiscal 2023 Highlights Demand * Backlog levels are at or slightly above pre-pandemic levels at both ADS and + Order pace and quoting activity has slowed from peak levels. Lead times improved, resulting in a more normalized order pace. + Beginning to see demand weakness within Infiltr
Slide 5: Q2 Fiscal 2023 Financial Performance
Q2 Fiscal 2023 Financial Performance Revenue Revenue Performance 425% (USD, in milion) By Business + ADS Legacy $706 : + Pipe + Allied Products + Infiltrator Q2 FY23 Q2FY22 Adj. EBIT! +650 bps $164.8 ($0.7) 23.3% G2 FY2S 2 FY22 @2Fy22 Volume ISDS. +31% +28% +37% +3% $168.7 Price / Mix, Materials Dom
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) Consolidated Adjusted EBITDA Working capital) Cash tax Cash interest Transaction costs) Other Consolidated cash flow from operations Capital expenditures Consolidated Free Cash Flow Debt & Capital Leases September 30, 2022 Term Loan Facility $ 4
Slide 7: Updated Fiscal Year 2023 Guidance
Updated Fiscal Year 2023 Guidance Fiscal 2023 Expectations Key Metric FY 2022 FY 2023 Y-o-Y Change Net Sales _ Up Raed $2,769 $3,100 5 $3,200 12% to 16% Adj. EBITDA _ Up (in Millions) $676 $900 - $940 33% to 39% Adj. EBITDA Margin 24.4% 29.0% - 29.4% HOO MET basis points ISDS.
Slide 8: Q&A
Slide 9: Appendix
Appendix /IBDS
Slide 10: YTD Fiscal 2023 Financial Performance
YTD FY23 YTD Fiscal 2023 Financial Performance Revenue +31% (USD, in milion) $1,376 YTD FY22 Revenue Performance Q2 FY23 241% Q2 FY22 ISDS. By Business + ADS Legacy + Pipe + Allied Products + Infiltrator $331.4 YTD FY22 Volume ($4.0) +35% +32% +45% +16% $366.7 Price / Mix, Materials Domestic Markets
Slide 11: Reconciliations
ISDS. Reconciliations (In thousands) Pipe Infiltrator Water Technologies International International - Pipe International - Allied Products & Other Total International Allied Products & Other Intersegment Eliminations Total Consolidated Pipe Infiltrator Water Technologies International International
Slide 12: Reconciliations
ISDS. Reconciliations Recor jon of Adjusted EBITDA to Net Income Three Months Ended Six Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 Net income $ 153377 $ 76312 $ 341,859 § 153,435 Depreciation and amortization 35,922 34,194 71,500 68,850 Interest expense 18,26
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