Slide 1: Quarterly Earnings Presentation Q1 2022
235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Quarterly Earnings Presentation Q1 2022
Slide 2: Forward-Looking Statements
2 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 PresBuilder Placeholder - Delete this box if you see it on a slide, but DO NOT REMOVE this box from the slide layout This presentation contains certain forward-looking statements, including, b
Slide 3: Q1 2022 Highlights
3 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Financial Highlights: ◦ Reiterated guidance ◦ Net sales increased 6.4% to $363.0 million versus Q1 2021 ▪ Hardware Solutions + 14% ▪ Robotics and Digital Solutions ("RDS") + 11% ▪ Canada + 1%
Slide 4: Q1 2022 Top & Bottom Line Performance
4 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Top & Bottom Line Performance Net Sales (millions $) Adjusted EBITDA (millions $ and % of Net Sales) • Q1 2022 vs Q1 2021 ◦ Net sales increased +6.4% ▪ Hardware (HS): +13.6% ▪ Protective (PS):
Slide 5: Hardware & Protective, Robotics & Digital, Canada Results
5 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Hardware & Protective Q1 2021 Q1 2022 Δ For Quarter Ended 3/27/2021 3/26/2022 Comments Revenues $250,929 $266,415 6.2% Price increases + flat demand (HS) and lower PPE sales (PS) Adjusted EBIT
Slide 6: Revenue by Business Segment
6 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Hardware & Protective Robotics & Digital Canada Revenue For Quarter Ended March 26, 2022 Fastening and Hardware $189,307 $— $33,659 $222,966 Personal protective 77,108 — 442 77,550 Keys and ke
Slide 7: Capital Structure Supports Growth & Enables Industry Leading Fill Rates
7 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Capital Structure Supports Growth & Enables Industry Leading Fill Rates Total Net Leverage Net Debt / TTM Adj. EBITDA Please see reconciliation of Adjusted EBITDA to Net Income in the Appendix
Slide 8: 2022 Outlook & Guidance
8 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 2021 Actuals First Half 2022 Second Half 2022 2022 Guidance Revenues $1,426.0 + High-Single Digits + High-Single Digits $1,500- $1,600 Adjusted EBITDA $207.4 - Mid-Single Digits + Mid-Teens $2
Slide 9: Key Takeaways
9 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Key Takeaways Price Increases and New Business Wins Offset Inflation Headwinds Long-term Annual Growth Targets (Organic): Revenue Growth: +6% & Adj. EBITDA Growth: +10% Long-term Annual Growth
Slide 10: Appendix
10 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Appendix
Slide 11: Investment Highlights
11 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Significant runway for incremental growth: Organic + M&A Management team with proven operational and M&A expertise Strong financial profile with 57-year track record Market and innovation lea
Slide 12: Who We Are
12 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Who We Are Notes: Figures may not tie due to rounding and corporate eliminations. Adjusted EBITDA is a non-GAAP measure. Please see page 17 for a reconciliation of Adjusted EBITDA to Net Inco
Slide 13: Representative Top Customers and Product Categories
13 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 #1 in Segment Representative Top Customers #1 in Segment #1 in Segment Key and Fob Duplication Personalized Tags Knife Sharpening Fasteners & Specialty Gloves Builders Hardware & Metal Shapes
Slide 14: Adjusted EBITDA Reconciliation
14 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 For Period Ending March 27, 2021 March 26, 2022 Net loss $(8,970) $(1,887) Income tax benefit (6,653) (892) Interest expense, net 19,019 11,628 Interest expense on junior subordinated debentu
Slide 15: Segment Adjusted EBITDA Reconciliations
15 235 235 235 56 115 144 36 90 87 61 61 61 180 180 180 147 183 201 30 140 130 Earnings Presentation Q1 2022 Thirteen Weeks Ended March 26, 2022 HPS RDS Canada Consolidated Operating Income (Loss) $(2,396) $7,855 $3,390 $8,849 Depreciation & Amortization 17,057 10,554 1,164 28,775 Stock Compensation