Albany International Corporation · NYSE:AIN
Albany International — Q4 2016 Earnings Presentation
8 slides from Albany International's earnings presentation, Feb 8, 2017
Slide 1: Q4 Financial Performance
Q4 Financial Performance February 8, 2017
Slide 2: Non-GAAP Items and Forward-Looking Statements
Non-GAAP’ Items and Forward-Looking Statements This presentation contains the following non-GAAP measures: Percentage changes in net sales, excluding currency rate effects (for each segment, and the Company as a whole); Adjusted EBITDA (for each segment, and the Company as a whole); Net debt; and Ne
Slide 3: Net Sales by Segment
et Net Sales by Segment (in thousands, except percentages) Net Sales Three Months ended December 31, 2016 2015 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $144,744 $145,004 -0.2% ($968) 0.5% Albany Engineered Comp
Slide 4: Gross Profit Margin by Quarter
Gross Profit Margin by QuarterPercentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 47.4% 47.9% 47.6% 47.5% 46.8% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 40.4% 42.1% 38.5% 37.9% 36.3% 30% 35% 40% 45% 50% 55% Q12014 Q22014 Q32014 Q42014 Q12015 Q22015 Q32015 Q42015 Q12016 Q22016Q32016 Q4
Slide 5: Earnings Per Share
EarningsPer SharePer share amounts (Basic) Three Months ended December 31, 2016 2015 Years Ended December 31, 2016 2015 Netincome attributable to the Company, as reported (GAAP) $0.49 $1.17 $1.64 $1.79* Adjustments: Restructuring expenses, net 0.01 0.21 0.16 0.48 Discrete tax adjustments and effect
Slide 6: Operating and Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment
Operating and Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 6 Three Months ended December 31, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Operating income/(loss) (GAAP) $39,946 $(1,280) ($11,836) $26,830 Interest, taxes,
Slide 7: Operating and Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment, Year
Operating and Net Income (GAAP) and Adjusted EBITDA (non-GAAP) by Segment 7 Year ended December 31, 2016 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Operating income/(loss) (GAAP) $152,529 ($15,363) ($45,390) $91,776 Interest, taxes, other
Slide 8: Total Debt (GAAP) and Net Debt (non-GAAP)
Total Debt (GAAP) and Net Debt* (non-GAAP)$ thousands $80,570 $86,067 $310,287 $295,638 $303,154 $265,683 $255,682 $486,312 $491,808 Dec. 31, 2015 March 31, 2016 June 30, 2016Sept. 30, 2016 Dec. 31, 2016 Net Debt Total Debt *Total debt less cash see table 17 for reconciliation of total debt to net d