Ampco-pittsburgh Corporation · NYSE:AP
Ampco-pittsburgh — Investor Presentation (March 2020)
26 slides from Ampco-pittsburgh's investor presentation, Mar 16, 2020
Slide 1: Investor Presentation March 2020
Investor Presentation March 2020 Exhibit 99.1
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on our behalf. The information offered in this presentation may contain forward-looking statements that reflect our current views with respect t
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Corporation presents certain non-GAAP financial measures, including adjusted income (loss) from continuing operations and adjusted EBITDA, as supplemental financials measure to GAAP financial measures regarding the Corporation’s operational performance. These non-GAAP
Slide 4: Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation A manufacturer of highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Ampco-Pittsburgh Investor Presentation Forged and Cast Engineered Products Creates forged and cast hardened steel rolls used
Slide 5: Ampco-Pittsburgh Corporation Revenue by Segment
Ampco-Pittsburgh Corporation Ampco-Pittsburgh Investor Presentation 2019 Revenue* $305.6M $92.3M 2018 Revenue* $329.5M $89.9M 2017 Revenue* $297.3M $87.9M * From Continuing Operations
Slide 6: Ampco-Pittsburgh Global Footprint
Ampco-Pittsburgh Global Footprint Ampco-Pittsburgh Investor Presentation Valparaiso, IN Austintown, OH Erie, PA Carnegie, PA Burgettstown, PA Lynchburg, VA North Tonawanda, NY Amherst, VA Gateshead, England Åkers Styckebruk, Sweden Ravne na Koroškem, Slovenia Taiyuan, China Xinjian Town Yixing, Chin
Slide 7: Forged and Cast Engineered Products
Forged and Cast Engineered Products Ampco-Pittsburgh Investor Presentation $306M 2019 NET SALES* A world-leading manufacturer of cast and forged steel rolls used in rolling mills by producers of steel, aluminum, and other metals Produces ingot and forged engineered products used in industries such a
Slide 8: Rolling Mill Manufacturing Process
Rolling Mill Manufacturing Process Ampco-Pittsburgh Investor Presentation Average Roll Life: Back-up Roll - 10-20 years Work Roll - 6-12 months Roll Sizes: Back-up rolls are 2-3x larger than work rolls Back-up rolls - 30-40 MT Work rolls - 10-20 MT Global Roll Demand* ~ $2B annually 2/3 cast rolls 1
Slide 9: Top Steel Producing Countries
Top 20 Steel Producing Countries 2018 (Mt) Ampco-Pittsburgh Investor Presentation Source: World Steel Association From 2010 to 2018 world crude steel production has grown ~28%, from 1,413 Mt to 1,808 Mt The number of rolling mills being built worldwide is increasing Union Electric Steel has a global
Slide 10: Short-Term Outlook
Short-Term Outlook Steel Demand, Finished Steel Ampco-Pittsburgh Investor Presentation Source: World Steel Association 2019: 3.9% China: 7.8% - Due to strong real estate sector ROW: 0.2% - Slow due to uncertainty, trade tensions, geopolitical issues; contraction in manufacturing; construction mainta
Slide 11: Union Electric Differentiators
Sales and technical support representatives provide unique advantage in understanding customer’s specific needs, material requirements, and technical specifications Global manufacturing, sales, and technical support footprint Heat-treatment process and method capabilities located in-house Back-integ
Slide 12: Key Rolling Mill Customers
Key Rolling Mill Customers Ampco-Pittsburgh Investor Presentation DIVERSIFIED BASE OF GLOBALLY RECOGNIZABLE CUSTOMERS
Slide 13: Diversification into Open-Die Forging Market
Diversification into Open-Die Forging Market Ampco-Pittsburgh Investor Presentation The demand for open-die forgings is expected to grow at a CAGR of 4.8% from 2017 to 2020 with the strongest growth coming from the U.S. Manufacturing requirements for open-die forge market are a strong match for our
Slide 14: Air and Liquid Processing
Air and Liquid Processing Ampco-Pittsburgh Investor Presentation $92M 2019 NET SALES Aerofin: Produces custom engineered tube heat exchange coils and heat transfer products used in industries such as nuclear power, industrial process and HVAC Buffalo Air Handling: Produces large custom air handling
Slide 15: Air and Liquid Processing Differentiators
Air and Liquid Processing Differentiators Ampco-Pittsburgh Investor Presentation Highly-engineered and known to be the industry leader for highest quality and dependability in critical applications Capabilities to reproduce parts that were originally manufactured 40-50 years ago, often superior to t
Slide 16: Turnaround Strategy is working!
Turnaround Strategy is working! Ampco-Pittsburgh Investor Presentation Divesting non-core assets Specialized parts and service provider to North American rolling mills, Vertical Seal Canadian specialty steel operations, ASW Steel North American cast roll operations, Akers National Roll Develop and d
Slide 17: Consolidated Financial Trend Improvement
Consolidated Financial Trend Improvement ($MM’s) Ampco-Pittsburgh Investor Presentation * See non-GAAP Reconciliation Schedule in the Appendix
Slide 18: Consolidated Financial Quarterly Trend
Consolidated Financial Quarterly Trend ($MM’s) Ampco-Pittsburgh Investor Presentation * See non-GAAP Reconciliation Schedule in the Appendix Improved operating performance despite decline in oil & gas demand
Slide 19: 2-3 Year Growth Initiatives
2-3 Year Growth Initiatives Ampco-Pittsburgh Investor Presentation Diversifying product offerings in open-die forged products Target to increase CapEx from ~$15M to ~$25M annually to increase automated processes and modernization resulting in higher margins Increase sales and productivity in the Air
Slide 20: Thank You
Thank You ampcopgh.com March 26, 2020 Ampco-Pittsburgh Investor Presentation
Slide 21: Appendix
Ampco-Pittsburgh Investor Presentation Appendix
Slide 22: Non-GAAP Reconciliation ($000's)
Non-GAAP Reconciliation ($000’s) Ampco-Pittsburgh Investor Presentation
Slide 23: Non-GAAP Reconciliation ($000's)
Non-GAAP Reconciliation ($000’s) Ampco-Pittsburgh Investor Presentation
Slide 24: Non-GAAP Reconciliation ($000's)
Non-GAAP Reconciliation ($000’s) Ampco-Pittsburgh Investor Presentation
Slide 25: Non-GAAP Reconciliation ($000's)
Non-GAAP Reconciliation ($000’s) Ampco-Pittsburgh Investor Presentation
Slide 26: Non-GAAP Reconciliation Footnotes
Non-GAAP Reconciliation Footnotes Ampco-Pittsburgh Investor Presentation
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