Hillman Solutions Corp. · NASDAQ:HLMN
Hillman Solutions — Q4 2021 Earnings Presentation
13 slides from Hillman Solutions's earnings presentation, Mar 2, 2022
Slide 1: Investor Presentation Fourth Quarter 2021
235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Investor Presentation Fourth Quarter 2021
Slide 2: Safe Harbor Statement
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 2 Safe Harbor Statement Forward Looking Statements PresBuilder Placeholder - Delete this box if you see it on a slide, but DO NOT REMOVE this box from the slide layout 2 This presentation may contain “forward-looking statements” within the meaning of
Slide 3: 2021 Review
103 176 13 3 2021 REVIEW
Slide 4: 2021 Financial Highlights
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 4 2021 Financial Highlights 4 • Began trading on NASDAQ under “HLMN” ticker • Recapitalized balance sheet reducing leverage from 7.1x at June 30, 2021 to 4.5x TTM Adjusted EBITDA at December 25, 2021 • Continued to implement new business wins on time
Slide 5: Solid Revenue Growth, Inflation Challenging
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 5 Solid Revenue Growth, Inflation Challenging 5 Fourth Quarter 2021 Sales Adjusted EBITDA Sales Adjusted EBITDA ▪ Sales increased 5.3% in 4Q21, PS tough comparison HS +11.8% PS -14.4% RDS +15.9% Canada +3.4% ▪ Adjusted EBITDA decreased 10.4% and marg
Slide 6: 2021 Fourth Quarter Segment Results Summary
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 6 2021 Fourth Quarter Segment Results Summary 6 Hardware & Protective Solutions 4Q20 4Q21 $ For Quarter Ended 12/26/2020 12/25/2021 Change Comments Revenues $241,409 $249,460 $8,051 HS: volume growth & pricing actions, PS: less COVID PPE sales Adjust
Slide 7: 2021 Segment Results Summary
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 7 2021 Segment Results Summary 7 Hardware & Protective Solutions 2020 2021 $ For Year Ended 12/26/2020 12/25/2021 Change Comments Revenues $1,024,392 $1,024,974 $582 HS: volume growth & pricing actions, PS: less COVID PPE sales Adjusted EBITDA $153,7
Slide 8: Segment Revenue Detail
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 8 Segment Revenue Detail 8 Hardware & Robotics & Protective Digital Total For Year Ended December 25, 2021 Solutions Solutions Canada Revenue Fastening and Hardware $740,088 $— $149,165 $889,253 Personal protective 284,886 — 397 285,283 Keys and key
Slide 9: Capital Structure Supports Growth & Industry Leading Fill Rates
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 9 Capital Structure Supports Growth & Industry Leading Fill Rates 9 Total Leverage Based on Trailing Twelve Months (TTM) Adj. EBITDA ($ millions) 12/25/21 Cash $15 ABL Revolver ($250 million) $93 Term Note $851 Finance Leases $2 Total Debt $946 Net D
Slide 10: 2022 Outlook
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 10 2022 Outlook 10 Long-term Growth Targets • Organic: Revenue +6%, Adj EBITDA +10% • Including Acquisitions: Revenue +10%, Adj EBITDA +15% Other • Interest Expense: $45-$50 million/year • Cash Interest: $35-$45 million/year • Income Tax: modest cash
Slide 11: Adjusted EBITDA Reconciliation
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 11 Adjusted EBITDA Reconciliation 11 For Period Ending 4Q20 12/26/2020 4Q21 12/25/2021 2020 12/26/2020 2021 12/25/2021 Net loss $(13,962) $6,547 $(24,499) $(38,332) Income tax benefit (7,065) (761) (9,439) (11,784) Interest expense, net 19,028 11,258
Slide 12: 2021 Segment Adj EBITDA Reconciliations
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 12 2021 Segment Adj EBITDA Reconciliations Note: Adjusted EBITDA is a non-GAAP measure. Please see above for a reconciliation of Adjusted EBITDA to Operating Income. Quarter Ended December 25, 2021 HPS RDS Canada Consolidated Operating Income (Loss)
Slide 13: 2020 Segment Adj EBITDA Reconciliations
103 176 13 12 63 19 199 204 199 0 0 0 199 199 199 13 2020 Segment Adj EBITDA Reconciliations Note: Adjusted EBITDA is a non-GAAP measure. Please see above for a reconciliation of Adjusted EBITDA to Operating Income. Quarter Ended December 26, 2020 HPS RDS Canada Consolidated Operating Income (Loss)