Matthews International Corporation · NASDAQ:MATW
Matthews International — Q4 2022 Earnings Presentation
17 slides from Matthews International's earnings presentation, Nov 18, 2022
Slide 1: Fourth Quarter Fiscal 2022 Earnings Teleconference
www.matw.com | Nasdaq: MATW Fourth Quarter Fiscal 2022 Earnings Teleconference November 18, 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 fEtaniss OVERVIEW INTERNATIONAL
Slide 4: Business Update
© 2022 Matthews International Corporation. All Rights Reserved. 4 SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Strong top line performance, particularly in cemetery and US cremation-related products • Increased pricing to mitigate the effects of inflation • Higher material costs and
Slide 5: Outlook for Fiscal 2023
© 2022 Matthews International Corporation. All Rights Reserved. Key Drivers • Consolidated sales growth • Growth in Industrial Technologies; strong backlogs in many of our businesses, particularly energy storage solutions • SGK Brand Solutions impacted by weakened global economic conditions, includi
Slide 6: Financial Overview
Matthews Gace INTERNATIONAL’ OVERVIEW
Slide 7: Q4 & YTD FY2022 Summary
© 2022 Matthews International Corporation. All Rights Reserved. Q4 & YTD FY2022 SUMMARY * See supplemental slides for Adjusted EPS and Adjusted EBITDA reconciliations, and other important disclaimers regarding Matthews’ use of Non-GAAP measures Quarter-to-Date Highlights Sales • Consolidated sales 4
Slide 8: Industrial Technologies
© 2022 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 8 15.5% 12.4% 15.6%10.3% Sales • Quarter-to-date sales 24.5% higher than la
Slide 9: Memorialization
© 2022 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 9 23.0% 21.1% $195.9 $206.3 Q4 FY2021 Q4 FY2022 $769.0 $840.1 FY2021 FY2022 $33.6 $
Slide 10: SGK Brand Solutions
© 2022 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS Sales • Unfavorable currency impacts of $14.5 million for the current quarter and $34.8 million year- to-date • On a constant currency basis, the segment reported modest growth Adjusted EBITDA • Impacted by unfavorab
Slide 11: 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 ◦ $96.6 million of proceeds from the sale of receivables under a receivables purchase agreement ◦ Higher i
Slide 12: Supplemental Information
Matthews Buea INFORMATION INTERNATIONAL
Slide 13: Non-GAAP measures disclosure
© 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, constant currency sales, adjusted EBITDA, adjusted net income and EPS, net debt and net debt leverage ratio. T
Slide 14: Constant Currency Sales Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to constant currency sales. 14 CONSTANT CURRENCY SALES NON-GAAP RECONCILIATION (Unaudited) (In thousands) Memorialization Industrial Technologies
Slide 15: Adjusted EBITDA Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 15 Three Months Ended September 30, Year Ended September 30, 2022 2021 2022 2021 Net (loss) income $ (80,957) $ (3,668) $ (99,
Slide 16: Adjusted Net Income and EPS Non-GAAP 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 17: Net Debt Non-GAAP Reconciliation
© 2022 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to net debt. 17 September 30, 2022 September 30, 2021 Long-term debt, current maturities $ 3,277 $ 4,624 Long-term debt 795,291 759,086 Total debt
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