Janus International Group, Inc. · NYSE:JBI
Janus International — Q1 2022 Earnings Presentation
11 slides from Janus International's earnings presentation, May 17, 2022
Slide 1: First Quarter 2022 Earnings Presentation
FIRST QUARTER 2022 EARNINGS PRESENTATION MAY 17, 2022
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements in this communication, including the estimated guidance provided under “2022 Outlook” herein, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Ex
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures In this presentation Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP f
Slide 4: Agenda
AGENDA Business Overview Financial Overview & Outlook Ramey Jackson Scott Sannes Chief Executive Officer Chief Financial Officer 4
Slide 5: Q1 2022 Highlights and Milestones
Q1 2022 Highlights and Milestones • Well-balanced 50.2% revenue growth, including 35.7% organic growth Balanced 1Q 2022 Revenue Mix • R3 up 56.6% • Commercial & Other up 51.1% • New Construction up 44.3% 29.3% • Integration of DBCI and ACT acquisitions progressing on plan 35.3% • Robust Adjusted EBI
Slide 6: Q1 2022 Results Overview
Q1 2022 Results Overview Adj. EBITDA1 Revenue $229.5M $44.7M 37.0% increase 50.2% increase 19.5% margin Adj. Net Income1 OCF $20.1M $24.8M 22.8% increase FCF2 of $21.9M Continued Strong Growth and Execution 1. Adjusted EBITDA and Adjusted Net Income are not financial measures determined in accordanc
Slide 7: 2022 Outlook: Attractive Growth and Adjusted EBITDA Margin Expansion
2022 Outlook: Attractive Growth and Adjusted EBITDA Margin Expansion FULL YEAR FY 2022 GUIDANCE • Raising Guidance Revenue Adjusted EBITDA • Outlook reflects Q1 2022 overdrive, strong backlog and $890 to $910 million $193 to $200 million pipeline, and commercial and productivity initiatives to offse
Slide 8: Summary
Summary • Strong first quarter growth driven by balanced strength in all sales channels, bolstered by contributions from the DBCI and ACT acquisitions • Commercial and productivity initiatives helping drive top line growth, offsetting inflation in all cost categories – over 100 bps sequential improv
Slide 9: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation 9
Slide 10: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation 10
Slide 11: Free Cash Flow Conversion
Free Cash Flow Conversion ‘April 2, 2022 Cash flow from operating activities 5 Less capital expenditure (2,880) (2,363) Free cash flow $21,896 $ 23,197 Non-GAAP Adjusted Net Income $ 20078 «$= — 16,355 Free cash flow conversion of Non-GAAP Adjusted Net Income 109 % 142% a
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