Matthews International Corporation · NASDAQ:MATW
Matthews International — Q1 2022 Earnings Presentation
16 slides from Matthews International's earnings presentation, Jan 28, 2022
Slide 1: First Quarter Fiscal 2022 Earnings Teleconference
www.matw.com | Nasdaq: MATW First Quarter Fiscal 2022 Earnings Teleconference January 28, 2022 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer
Slide 2: Disclaimer
© 2022 Matthews International Corporation. All Rights Reserved. DISCLAIMER 2 Any forward-looking statements contained in this presentation are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
Slide 3: Overview
Matthews Gace INTERNATIONAL’ OVERVIEW
Slide 4: Q1 2022 Summary
© 2022 Matthews International Corporation. All Rights Reserved. Q1 2022 SUMMARY 4 ($ in millions except per-share amounts) Q1 Q1 2021 Q1 2022 Sales $ 386.7 $ 438.6 Diluted loss per share $ (0.06) $ (0.62) Non-GAAP Adjusted EPS* $ 0.68 $ 0.74 Net Loss Attributable to Matthews $ (1.8) $ (19.8) Adjuste
Slide 5: Industrial Technologies
© 2022 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES 5 15.5% 12.4% 15.6%10.3% ($ in millions) $53.4 $74.3 FY2021 FY2022 $3.0 $7.2 FY2021 FY2022 5.6% 9.7% Q1 Sales Q1 Adjusted EBITDA & Margin* Sales • Higher engineering (principally energy solutions), warehouse auto
Slide 6: Memorialization
© 2022 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION 6 23.0% 21.1% $183.3 $210.7 FY2021 FY2022 $44.1 $43.4 FY2021 FY2022 24.0% 20.6% ($ in millions) Q1 Sales Q1 Adjusted EBITDA & Margin* Sales • Higher unit sales of caskets, cemetery memorial products and cremation equipme
Slide 7: SGK Brand Solutions
© 2022 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS ($ in millions) Note: Effective in the first quarter of fiscal 2022, the Company transferred its surfaces and engineered products businesses from the SGK Brand Solutions segment to the Industrial Technologies segment
Slide 8: Capitalization and Cash Flows
© 2022 Matthews International Corporation. All Rights Reserved. • FY'22 operating cash flow impacted by: ◦ $35.7 million contributions to the Company's principal defined benefit retirement plan ◦ Increased fiscal year-end compensation-related payments ◦ Higher inventory levels reflecting increased c
Slide 9: Overview
Matthews fEtaniss OVERVIEW INTERNATIONAL
Slide 10: Business Update
© 2022 Matthews International Corporation. All Rights Reserved. 10 SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Sales for the remainder of the fiscal year will be highly dependent on COVID trends • Higher direct material and labor costs expected for the balance of the fiscal year •
Slide 11: Outlook for Fiscal 2022
© 2022 Matthews International Corporation. All Rights Reserved. Key Drivers • FY 2022 Adjusted EBITDA at least $220 million • Memorialization segment sales for the remainder of the fiscal year will be highly dependent on COVID trends • Higher direct material costs (bronze, steel and lumber) as well
Slide 12: Supplemental Information
Matthews Buea INFORMATION INTERNATIONAL
Slide 13: Non-GAAP measures definitions
© 2022 Matthews International Corporation. All Rights Reserved. 13 Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, net debt and net debt leverage ratio. The Company defines net de
Slide 14: Adjusted EBITDA Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 14 Three Months Ended December 31, 2021 2020 Net loss $ (19,810) $ (1,992) Income tax (benefit) provision (6,628) 3,980 (Loss)
Slide 15: Adjusted Net Income and EPS Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted net income and ad
Slide 16: Net Debt and Net Debt Leverage Ratio Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to net debt and net debt leverage ratio. 16 December 31, 2021 September 30, 2021 Long-term debt, current maturities $ 4,271 $ 4,624 Long-term debt
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