Slide 1: Second Quarter 2019 Earnings Presentation
Second Quarter 2019 Earnings Presentation May 7, 2019
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 2019 Highlights
Consolidated Atkore Q2 2019 Highlights Delivered Adjusted EBITDA above prior Q2 Net Sales Bridge guidance range $28 $6 $3 $469M $445M $7 Volume strength in key electrical products was Mechanical more than offset by project delays in mechanical project delays business 2018 Volume / Mix Price M&A FX 2
Slide 4: Consolidated Atkore Q2 2019 Financial Summary
Consolidated Atkore Q2 2019 Financial Summary Q2 Q2 Net Sales Growth Y/Y ($’s in millions) 2019 2018 Change Organic Growth +4.9% Acquisitions/Divestitures +1.4% Net Sales $469.3 $445.0 +5.5% FX (0.8%) Operating Income $52.5 $41.3 +27.3% Total +5.5% Net Income $29.6 $42.6 (30.6%) Adjusted EBITDA(1) $
Slide 5: Electrical Raceway Q2 Highlights
Electrical Raceway Q2 Highlights Two innovative products were named EC&M Q2 Q2 Y/Y Magazine 2019 Product of the Year category 2019 2018 Change ($’s in millions) winners Net Sales $353.5 $324.8 8.8% Adjusted EBITDA $67.4 $56.4 19.5% Double digit growth in focused products favorably impacted volume Ad
Slide 6: Mechanical Products & Solutions Q2 Highlights
Mechanical Products & Solutions Q2 Highlights Q2 Q2 Y/Y Adjusted EBITDA margin up more than 500 ($’s in millions) 2019 2018 Change basis points from fourth quarter 2018 Net Sales $116.2 $120.3 (3.4%) Timing of large security and renewable energy Adjusted EBITDA $17.4 $16.7 +4.2% projects created a d
Slide 7: Key Balance Sheet and Cash Flow Metrics
Key Balance Sheet and Cash Flow Metrics Metrics Leverage Ratio (1) ($mm) 3/29/2019 Cash and cash equivalents $51.5 Total Debt $884.1 3.4 3.1 2.9 2.8 Net Debt $832.6 YTD Net cash from operating $42.8 activities TTM Adjusted EBITDA(1) $294.8 Leverage Ratio(1) Total debt / TTM Adjusted EBITDA(1) Q2 201
Slide 8: 2019 Financial Outlook Summary
2019 Financial Outlook Summary Updated Changes to Q3 2019 FY19 FY19 Electrical Raceway Volume +2 to 4% n/a Segment Adjusted EBITDA* $70 - $75M $280 - $290M +$10M / n/a Mechanical Products & Volume flat to +2% -2% Solutions Segment Adjusted EBITDA* $15 - $19M $57 - $62M +$2M / +$2M Adjusted EBITDA* $
Slide 9: Appendix
atkore Appendix yf INTERNATIONAL ——
Slide 10: Segment Information
Segment Information Three months ended March 29, 2019 March 30, 2018 Adjusted Adjusted EBITDA EBITDA (in thousands) Net sales Adjusted EBITDA Margin Net sales Adjusted EBITDA Margin Electrical Raceway $ 353,514 $ 67,375 19.1 % $ 324,787 $ 56,404 17.4 % Mechanical Products & Solutions 116,190 17,421
Slide 11: Adjusted earnings per share reconciliation
Adjusted earnings per share reconciliation Consolidated Atkore International Group Inc. Three months ended Six months ended (in thousands, except per share data) March 29, 2019 March 30, 2018 March 29, 2019 March 30, 2018 Net income $ 29,555 $ 42,558 $ 56,504 $ 69,747 Stock-based compensation 1,834
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 29, 2019 March 30, 2018 March 29, 2019 March 30, 2018 Net income $ 29,555 $ 42,558 $ 56,504 $ 69,747 Interest expense, net 13,328 9,286 25,488 15,880 Inc
Slide 13: Net Income to Adjusted EBITDA reconciliation
Net Income to Adjusted EBITDA reconciliation Consolidated Atkore International Group Inc. TTM Three months ended December 28, September 30, (in thousands) March 29, 2019 March 29, 2019 2018 2018 June 29, 2018 Net income $ 123,402 $ 29,555 $ 26,949 $ 32,699 $ 34,199 Interest expense, net 50,302 13,32
Slide 14: Net Debt to Total Debt and Leverage Ratio
Net Debt to Total Debt and Leverage Ratio Consolidated Atkore International Group Inc. March 29, December 28, September 30, September 30, September 30, ($ in thousands) 2019 2018 2018 2017 2016 Short-term debt and current maturities of long- term debt $ — $ 26,561 $ 26,561 $ 4,215 $ 1,267 Long-term