Slide 1: Third Quarter 2022 Earnings Presentation
Third Quarter 2022 Earnings Presentation August 2, 2022 © Atkore Inc.
Slide 2: Cautionary Statements
Cautionary Statements This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the “Company” or “Atkore”) or its operational and financial in
Slide 3: Strong Results in Q3 2022; Investing for the Future
Strong Results in Q3 2022; Investing for the Future Revenue Net Income Adjusted EBITDA1 Adjusted EPS1 $M $M $M $/share Business Update +24% +45% +38% +53% Solid results in Q3 with strong earnings growth and margin 1,061.6 254.3 377.5 6.07 expansion Repurchased $136M in stock in Q3 853.7 274.3 Acquir
Slide 4: Strategically Growing HDPE Conduit Offering
Strategically Growing HDPE Conduit Offering Market Highlights Infrastructure Investment and Jobs Act (IIJA) provided $65 billion for broadband deployment Expansion of 5G networks by telecom providers will continue Power and electric utility companies continue to invest heavily in “grid hardening” to
Slide 5: Expanding our RDC Network
Expanding our RDC Network RDC Footprint RDC Benefits & Growth Strategy Atkore Regional Distribution Centers are a one- stop shop for our portfolio of products. Each RDC provides: Co-Load Supply Capabilities – Achieve freight minimum with maximum efficiency. Combine multiple product lines into one or
Slide 6: Q3 Income Statement Summary
Q3 Income Statement Summary Y/Y ($’s in millions) Q3 2022 Q3 2021 Y/Y % Change Change Net Sales $1,061.6 $853.7 $207.9 24.4% Operating Income $349.7 $248.7 $101.0 40.6% Net Income $254.3 $175.3 $79.0 45.1% Adjusted EBITDA1 $377.5 $274.3 $103.3 37.7% Adjusted EBITDA Margin2 35.6% 32.1% +350 bps - Net
Slide 7: Consolidated Atkore Q3 2022 Bridges
Consolidated Atkore Q3 2022 Bridges Q3 Net Sales Bridge $244 $14 $1,062M Net Sales % Change $6 $854M Volume/Mix (5.1%) $44 Price +28.6% Acquisitions +1.6% F/X / Other (0.7%) Total +24.4% 2021 Volume/Mix Price M&A F/X / Other 2022 Q3 Adjusted EBITDA Bridge $244 $3 Highlights $378M $17 Delivered stron
Slide 8: Q3 2022 Segment Results
Q3 2022 Segment Results Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q3 2022 Q3 2021 Q3 2022 Q3 2021 Change Change Net Sales $821.6 $661.2 24.3% Net Sales $241.9 $193.5 25.0% Adjusted EBITDA $351.5 $267.8 31.2% Adjusted EBITDA $45.7 $22.4 104.2% Adjusted EBITDA Marg
Slide 9: Capital Deployment Focused on Driving Growth
Capital Deployment Focused on Driving Growth Ahead of schedule on plan to deploy over $1 billion in cash over next two to three years 1; Deployed over $730 million in first nine months of 2022 Capital Deployment Model FY2022 Nine Month YTD Results & Status Update Capital Expenditures, $82M in capita
Slide 10: FY2022 Outlook
FY2022 Outlook Increasing FY2022 expectations given results and performance year to date in FY2022. Continue to support perspective on FY2023. Outlook Summary Outlook Items for Q4 2022 FY2022 Changes to Prior FY2023 Consolidated Atkore Outlook Outlook FY2022 Outlook Perspective Net Sales +4% – 8% +~
Slide 11: Appendix
Appendix © Atkore
Slide 12: Segment Information
Segment Information Three months ended June 24, 2022 June 25, 2021 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 821,566 $ 351,466 42.8 % $ 661,163 $ 267,824 40.5 % Safety & Infrastructure 241,909 45,669 18.9 % 193,492 2
Slide 13: Adjusted Earnings Per Share Reconciliation
Adjusted Earnings Per Share Reconciliation Consolidated Atkore Inc. Three months ended June 24, June 25, June 26, June 28, (in thousands, except per share data) 2022 2021 2020 2019 Net income $ 254,313 $ 175,297 $ 24,078 $ 36,550 Stock-based compensation 4,625 3,768 1,656 4,120 Intangible asset amor
Slide 14: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended June 24, June 25, June 26, June 28, (in thousands) 2022 2021 2020 2019 Net income $ 254,313 $ 175,297 $ 24,078 $ 36,550 Interest expense, net 7,243 8,090 9,421 12,789 Income tax expense 88,041 61,654 8,672 11,10
Slide 15: Trailing Twelve Month Adjusted EBITDA
Trailing Twelve Month Adjusted EBITDA Consolidated Atkore Inc. TTM Three months ended March 25, December 24, September June 24, 2022 June 24, 2022 (in thousands) 2022 2021 30, 2021 Net income $ 895,194 $ 254,313 $ 233,477 $ 204,843 $ 202,561 Interest expense, net 29,814 7,243 7,514 6,918 8,139 Incom
Slide 16: Net Debt to Total Debt and Leverage Ratio
Net Debt to Total Debt and Leverage Ratio Consolidated Atkore Inc. March 25, December 24, September March 26, June 24, 2022 June 25, 2021 ($ in thousands) 2022 2021 30, 2021 2021 Short-term debt and current maturities of long-term debt $ — $ — $ — $ — $ 4,000 $ — Long-term debt 759,999 759,461 758,9
Slide 17: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Nine months ended June 24, June 25, (in thousands) 2022 2021 Net cash provided by operating activities $ 371,776 $ 318,621 Capital expenditures (81,990) (34,242) Free Cash Flow: $ 289,786 $ 284,379 © Atkore 17
Slide 18: atkore.com
A Atkore Allied Tube & Conduit » AFC CableSystems + Heritage Plastics + Unistrut Unistrut Construction + UnitedPoly Systems + Calbrite - Calbond + Cii + US Tray Power-Strut + Calconduit + RazorRibbon + Calpipe Security - Vergokan + Marco Columbia-MBF + Eastern Wire+Conduit - ACS/Uni-Fab + Sasco Stru