Slide 1: Fourth Quarter and FY 2017 Earnings Presentation
Fourth Quarter and FY 2017 Earnings Presentation November 29, 2017
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: FY 2017 Highlights
FY 2017 Highlights Year ended September 30 FY 2017 Net Sales Bridge Net Income of $84.6M and Earnings per $1,523M share of $1.27 were up 44% and 35% year $99 $1,504M $87 $1 $5 over year, respectively 2017 Acquisitions +$7M Fence & Sprinkler ($8M) Working Passed through $87M raw material inflation Da
Slide 4: Q4 2017 Financial Summary
Q4 2017 Financial Summary Q4 Q4 Y/Y Net Sales on a per day basis, ($’s in millions) 2017 2016 Change earnings and margins up Net Sales $395.8 $416.2 (4.9%) year over year Net Income $20.9 $15.6 40.0% Adjusted EBITDA(1) $59.6 $61.4 (2.9%) Net Sales Growth Net Income Margin 5.3% 3.7% +160 bps Organic
Slide 5: Total Atkore – Q4 Highlights
Total Atkore – Q4 Highlights Q4 Net Sales Bridge Acquisitions adjacent to core offering add $416M $396M differentiated electrical products with $36 $5 $1 $9 accretive margin Working Days ($29M) Data Center Timing Adjusted EBITDA margin increased ~70 basis ($8M) points excluding impact of dollar for
Slide 6: Electrical Raceway – Q4 Highlights
Electrical Raceway – Q4 Highlights Improved margin by 110 basis points and Q4 Q4 Y/Y passed through raw material inflation in ($’s in millions) 2017 2016 Change a tough volume environment Net Sales $293.1 $299.1 (2.0%) Adjusted EBITDA $50.9 $48.7 4.4% US volume strengthened in key categories Adjuste
Slide 7: Mechanical Products & Solutions – Q4 Highlights
Mechanical Products & Solutions – Q4 Highlights Q4 Q4 Y/Y Challenged verticals are stabilizing, but 2017 2016 Change ($’s in millions) datacenter project timing a headwind in the quarter Net Sales $103.0 $117.8 (12.5%) Adjusted EBITDA $15.1 $20.6 (26.9%) Strength in Razor Ribbon products and recreat
Slide 8: Key Balance Sheet and Cash Flow Metrics
Key Balance Sheet and Cash Flow Metrics Metrics Leverage Ratio (1) ($mm) 9/30/2017 Cash and cash equivalents $45.7 5.2x Total Debt $576.1 3.5x CapEx $25.1 2.3x Net cash from operating activities $121.7 1.8x Adjusted EBITDA $227.6 Leverage Ratio (1) FY 2014 FY 2015 FY 2016 FY 2017 Total debt / Adjust
Slide 9: What We Expect from the Market
What We Expect from the Market Key Market Influences by Segment Market Growth Mechanical Products Electrical Raceway 2018 Expectations & Solutions Non - Residential flat to +3% Construction Industrial +2 to 3% Residential flat to +3% Construction Modest Volume Growth Expected in 2018 9
Slide 10: 2018 Financial Outlook Summary
2018 Financial Outlook Summary Q1 2018 FY 2018 Electrical Raceway Volume Flat to +3% Segment Adjusted EBITDA* $50 - $55M $215 - $225M Volume Flat to +2% Mechanical Products & Solutions Segment Adjusted EBITDA* $12 - $15M $60 - $65M Adjusted EBITDA* $55 - $60M $245 - $260M Adjusted EPS* $0.30 - $0.35
Slide 11: Appendix
atkore Appendix yf INTERNATIONAL ——
Slide 12: 2017 Financial Summary
2017 Financial Summary Year ended September 30 Y/Y Sales Growth 2017 2016 ($’s in millions) Change Organic Growth +1.2% Net Sales $1,503.9 $1,523.4 (1.3%) Fewer Working Days (2.0%) Acquisitions +0.4% Adjusted Net Sales(1) $1,503.9 $1,515.6 (0.8%) Divestures (0.5%) Net Income $84.6 $58.8 43.9% FX (0.
Slide 13: Adjusted Net Sales reconciliation
Adjusted Net Sales reconciliation Three Months Ended Fiscal year ended September September % September 30, September 30, % ($ in thousands) 30, 2017 30, 2016 Change Change 2017 2016 Change Change Net sales $ 395,807 $ 416,239 $ (20,432) (4.9 )% $ 1,503,934 $ 1,523,384 $ (19,450) (1.3 )% Impact of Fe
Slide 14: Segment Information
Segment Information Fiscal year ended September 30, 2017 September 30, 2016 Impact of Adjusted Fence and Adjusted Adjusted EBITDA Sprinkler Adjusted Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales exit net sales EBITDA Margin Electrical Raceway $ 1,094,783 $ 189,351 17.3 % $ 1,068,6
Slide 15: Adjusted earnings per share reconciliation
Adjusted earnings per share reconciliation Consolidated Atkore International Group Inc. Three Months Ended Fiscal Year Ended September September September September (in thousands, except per share data) 30, 2017 30, 2016 30, 2017 30, 2016 Net income $ 20,857 $ 15,572 $ 84,639 $ 58,796 Stock-based co
Slide 16: Net Income to Adjusted EBITDA reconciliation
Net Income to Adjusted EBITDA reconciliation Consolidated Atkore International Group Inc. Three Months Ended Fiscal Year Ended (in thousands) September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Net income $ 20,857 $ 15,572 $ 84,639 $ 58,796 Income tax expense 12,173 3,892 41,
Slide 17: Net debt / Adjusted EBITDA reconciliation
Net debt / Adjusted EBITDA reconciliation Consolidated Atkore International Group Inc. September September September ($ in thousands) 30, 2017 30, 2016 25, 2015 Short-term debt and current maturities of long-term debt $ 4,215 $ 1,267 $ 42,887 Long-term debt 571,863 629,046 649,980 Total Debt 576,078