H. B. Fuller Company · NYSE:FUL
H. B. Fuller — Q4 2022 Earnings Presentation
14 slides from H. B. Fuller's earnings presentation, Jan 19, 2023
Slide 1: Reaching New Heights
Reaching New Heights H.B. Fuller Company Fourth Quarter 2022 Conference Call JANUARY 19, 2023
Slide 2: Disclosure
2 Disclosure Safe Harbor Statement Certain matters discussed today may be considered forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such
Slide 3: FY 2022 Highlights
3 FY 2022 Highlights Organic Revenue Growth Adjusted EBITDA Growth Adjusted EPS Growth +17% +14% +15% Exceptional financial results, driven by market share gains, appropriately strong pricing actions, and diligent execution of our strategy Drove strong double-digit growth in organic revenue, adjuste
Slide 4: Q4 2022 Highlights
4 Q4 2022 Highlights Organic Revenue Growth Adjusted EBITDA Growth Adjusted EBITDA Margin +6% +5% 14.7% Organic revenue up 6%, driven by responsible pricing actions HHC and EA both achieved strong year-on-year organic growth Construction Adhesives customer de-stocking actions, COVID-related disrupti
Slide 5: Q4 2022 Global Business Unit Performance
5 Q4 2022 Global Business Unit Performance Hygiene, Health, and Consumable Adhesives (HHC) Organic revenue up 12% year-on-year and adjusted EBITDA increased 5% Most end markets achieved double-digit organic growth Consistently strong pricing actions throughout the year Engineering Adhesives (E
Slide 6: Regional Perspective
6 Regional Perspective Americas Organic revenue up 3% year-over-year; excluding CA, organic revenue up double-digits Macro economic conditions slowing as higher interest rates temper demand EIMEA Organic revenue up 13% year-over-year Economic conditions remain weak in the region Asia-Pacific
Slide 7: Q4 2022 Financial Summary
7 Q4 2022 Financial Summary 6.4% organic revenue growth year-on-year Pricing added 11.4%, volume was down 5% FX negatively impacted net revenue growth 8.7% Acquisitions added 1.6% and the extra week added 7.5% Adjusted gross profit margin of 26.2% Adjusted SG&A declined 130bps as a perce
Slide 8: Economic Influence
8 Economic Influence LOWER Influence HHC Utilities & Infrastructure Automotive* MODERATE Influence Durable goods Filters Textile HIGHER Influence Construction Aerospace RV * Automotive would typically fall into the “Moderate” category, but we have reflected it as “Low” due to pent-
Slide 9: FY 2023 Financial Guidance
9 FY 2023 Financial Guidance • $580 to $610 million Adjusted EBITDA • 9% – 15% growth YOY • Net revenue expected to be flat to down 3% Revenue • Organic revenue growth of 2% – 4% YOY • Negative 3% – 4% YOY FX • More heavily weighted to 1H FY23 Tax Rate • 27% – 29%, excluding discrete items Net Inter
Slide 10: Summary and Conclusion
10 Summary and Conclusion Optimistic about the future, tremendous potential for continued organic growth and margin expansion Many competitive advantages to leverage in the current economic environment Proven strength in managing challenging environments 2023 will have its challenges, but we
Slide 11: Fourth Quarter 2022 Conference Call
11 Fourth Quarter 2022 Conference Call
Slide 12: APPENDIX
APPENDIX 7: 7 wy, H.B. Fuller Connecting what matters.™
Slide 13: Regulation G Reconciliations
10 Regulation G Reconciliations Please refer to the Company’s latest earnings release for all Regulation G reconciliations by clicking here Fourth Quarter 2022 Conference Call
Slide 14: Thank You
H.B. Fuller Connecting what matters.”