Slide 1: First Quarter 2018 Earnings Conference Call
Regal Beloit Corporation First Quarter 2018 Earnings Conference Call May 8, 2018 Mark Gliebe Jon Schlemmer Chairman and Chief Operating Officer Chief Executive Officer Rob Rehard Robert Cherry Vice President Vice President Chief Financial Officer Business Development & Investor Relations ©2018 Regal
Slide 2: Appendix Non-GAAP Reconciliations: Adjusted Diluted EPS
Appendix Non-GAAP Reconciliations ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended Mar 31, Apr 1, 2018 2017 GAAP Diluted Earnings Per Share $ 1.31 $ 1.02 Restructuring and Related Costs 0.03 0.05 Adjusted Diluted Earnings Per Share $ 1.34 $ 1.07 2018 ADJUSTED ANNUAL GUIDANCE Minimum Maximum 20
Slide 3: Appendix Non-GAAP Reconciliations: Adjusted Operating Income
Appendix Non-GAAP Reconciliations Three Months Ended Commercial & Power Transmission ADJUSTED OPERATING INCOME Industrial Systems Climate Solutions Solutions Total Regal (Dollars in Millions) Mar 31, Apr 1, Mar 31, Apr 1, Mar 31, Apr 1, Mar 31, Apr 1, 2018 2017 2018 2017 2018 2017 2018 2017 GAAP Inc
Slide 4: Appendix Non-GAAP Reconciliations: Free Cash Flow
Appendix Non-GAAP Reconciliations FREE CASH FLOW Three Months Ended (Dollars in Millions) Mar 31, Apr 1, 2018 2017 Net Cash Provided by Operating Activities $ 42.5 $ 50.5 Additions to Property Plant and Equipment (19.3) (17.0) Free Cash Flow $ 23.2 $ 33.5 Free Cash Flow as a Percentage of Net Income
Slide 5: Appendix Non-GAAP Reconciliations: Organic Sales Growth
Appendix Non-GAAP Reconciliations Three Months Ended ORGANIC SALES GROWTH March 31, 2018 (Dollars in Millions) Commercial & Power Industrial Climate Transmission Systems Solutions Solutions Total Regal Net Sales $ 414.0 $ 259.9 $ 204.9 $ 878.8 Impact from Foreign Currency Exchange Rates (11.3) (2.5)
Slide 6: Appendix Non-GAAP Reconciliations: Debt/Adjusted EBITDA
Appendix Non-GAAP Reconciliations TOTAL GROSS DEBT/ADJUSTED EBITDA TOTAL NET DEBT/ADJUSTED EBITDA (Dollars in Millions) (Dollars in Millions) LTM Mar 31, LTM Mar 31, 2018 2018 Net Income Attributable to Regal Beloit Corporation $ 225.1 Net Income Attributable to Regal Beloit Corporation $ 225.1 Plus
Slide 7: Appendix Non-GAAP Reconciliations: Pension Adjustment
Appendix Non-GAAP Reconciliations Quarter-to-Date Year-to-Date Commercial & Power Commercial & Power Industrial Transmission Industrial Transmission RECONCILIATION FOR PENSION ADJUSTMENT Systems Climate Solutions Solutions Total Regal Systems Climate Solutions Solutions Total Regal (Dollars in Milli
Slide 8: Appendix Regal Shipping Days
Appendix Regal Shipping Days 1Q 2Q 3Q 4Q FY 2014 63 63 63 64 253 2015 64 63 64 59 250 2016 64 64 63 60 251 2017 64 63 63 60 250 2018 63 64 63 61 251 Regal operates on a 52/53 week fiscal year ending on the Saturday closest to December 31 Fiscal Years 2015, 2016, 2017 and 2018 have 52 weeks Fis