Allison Transmission Holdings, Inc. · NYSE:ALSN
Allison Transmission — Q1 2025 Earnings Presentation
13 slides from Allison Transmission's earnings presentation, May 1, 2025
Slide 1: Q1 2025 Earnings Release
Q1 2025 Earnings Release May 1st, 2025 Dave Graziosi, Chair & CEO Fred Bohley, COO 1 Scott Mell, CFO & Treasurer
Slide 2: Safe Harbor Statement
Safe Harbor Statement The following information contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions
Slide 3: Non-GAAP Financial Information
Non-GAAP Financial Information We use Adjusted EBITDA and Adjusted EBITDA as a percent of net sales to measure our operating profitability. We believe that Adjusted EBITDA and Adjusted EBITDA as a percent of net sales provide management, investors and creditors with useful measures of the operationa
Slide 4: Call Agenda
Call Agenda Business Update Q1 2025 Performance 2025 Guidance 4
Slide 5: Q1 2025 Performance Summary
Q1 2025 Performance Summary ($ in millions, except per share data; variance % from Q1 2024) Net Sales Gross Profit Net Income Adjusted EBITDA* Diluted Earnings Per Share $766 $378 $192 $287 $2.23 -3% +3% +14% -1% +17% Year-over-year results were Increase was principally driven by Increase was princi
Slide 6: Q1 2025 Net Sales Performance
Q1 2025 Net Sales Performance ($ in millions, variance % from Q1 2024) End Markets Q1 2025 Variance Commentary Principally driven by price increases on certain products and continued North America On-Hwy $435 4% strength in Class 8 vocational trucks, partially offset by lower demand for medium-duty
Slide 7: Q1 2025 Financial Performance
Q1 2025 Financial Performance ($ in millions, except per share data) Q1 2025 $ Variance* % Variance* Commentary Decrease was principally driven by lower net sales in the Global Off-Highway, Service Parts, Support Equipment and Other and Outside North America On- Net Sales $766 ($23) (3%) Highway end
Slide 8: Q1 2025 Cash Flow Performance
Q1 2025 Cash Flow Performance ($ in millions, variance from Q1 2024) Q1 2025 $ Variance % Variance Commentary Net Cash Provided by Principally driven by UAW contract signing incentives recognized in the first Operating Activities $181 $8 4.6% quarter of 2024 that did not reoccur in 2025 CapEx $26 $1
Slide 9: 2025 Guidance
2025 Guidance ($ in millions) Reaffirming full year 2025 guidance ranges provided to the market on February 11, 2025 $3,200 - $3,300 $735 - $785 $1,170 - $1,230 $800 - $860 $165 - $175 $635 - $685 Net Cash Provided Adjusted Capital Adjusted Free Net Sales Net Income by Operating EBITDA* Activities E
Slide 10: Appendix
Appendix Non-GAAP Financial Information 10
Slide 11: Non-GAAP Reconciliations (1 of 3)
Non-GAAP Reconciliations (1 of 3) Adjusted EBITDA Reconciliation Last twelve Three months ended months ended $ in millions, Unaudited For the year ended December 31, March 31, March 31, 2020 2021 2022 2023 2024 2024 2025 2025 Net income (GAAP) $299 $442 $531 $673 $731 $169 $192 $754 plus: Income tax
Slide 12: Non-GAAP Reconciliations (2 of 3)
Non-GAAP Reconciliations (2 of 3) Adjusted Free Cash Flow Reconciliation Last twelve Three months ended months ended $ in millions, Unaudited For the year ended December 31, March 31, March 31, 2020 2021 2022 2023 2024 2024 2025 2025 Net cash provided by operating activities (GAAP) $561 $635 $657 $7
Slide 13: Non-GAAP Reconciliations (3 of 3)
Non-GAAP Reconciliations (3 of 3) Guidance Reconciliation $ in millions Guidance Year Ending December 31, 2025 Low High Net income (GAAP) $ 735 $ 785 plus: Income tax expense 188 198 Depreciation of property, plant and equipment 123 123 Interest expense, net 91 91 Amortization of intangible assets 7
Allison Transmission Holdings — Q1 2025 Earnings Presentation on 6ix