Cencora, Inc. · NYSE:COR
Cencora — AmerisourceBergen — Q3 FY2020 Earnings Presentation
13 slides from Cencora's earnings presentation, Aug 5, 2020
Slide 1: Q3 FY2020 Financial Results
Q3 FY2020 Financial Results August 5, 2020
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained in this presentation are "f orward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "expect," "likely ," "
Slide 3: AmerisourceBergen is united in our responsibility to create healthier futures
AmerisourceBergen is united in our responsibility to create healthier futures. AmerisourceBergen drives innovative partnerships with global manufacturers, providers and pharmacies to improve product access and efficiency throughout the healthcare supply chain. 3
Slide 4: Q3 FY2020: Overview
Q3 FY2020: Overview • Continuing to support associates and partners in complex atmosphere COVID-19 Update • Deepening our relationships across healthcare system • Providing innovative solutions and services demonstrating value proposition Solid Q3 Performance & • Resilient third quarter revenue and
Slide 5: Q3 FY2020 Financial Results
Q3 FY2020 Financial Results Adjusted GAAP (non-GAAP)1 Revenue $45.4B $45.4B % Change (Year-over-Year) 0.3% 0.3% Gross Profit $1.2B $1.2B % Change (0.4)% 0.2% Operating Expenses $821M $725M % Change (0.4)% 0.3% Operating Income $405M $508M % Change (0.5)% 0.2% Interest Expense, Net $38M $38M % Change
Slide 6: Pharmaceutical Distribution Services Segment
Q3 FY2020 Financial Results: Pharmaceutical Distribution Services Segment Q3 FY2020 Q3 FY2019 Revenue $43.6B $43.5B Operating Income $427M $412M Percentages of Revenue Gross Profit 2.08% 2.08% Operating Expenses 1.10% 1.13% Operating Income 0.98% 0.95% ▪ Revenue increase was muted due to increased p
Slide 7: Other – Global Commercialization Services & Animal Health
Q3 FY2020 Financial Results: Other – Global Commercialization Services & Animal Health Q3 FY2020 Q3 FY2019 Revenue $1.8B $1.7B Operating Income $83M $95M Percentages of Revenue Gross Profit 18.17% 18.77% Operating Expenses 13.59% 13.29% Operating Income 4.58% 5.48% ▪ Other includes MWI, World Courie
Slide 8: Differentiated and positioned for growth
Differentiated and positioned for growth Customer Base Innovative Services & • Key anchor customers Solutions • Fast growing • Customer-focused offerings • U.S. Pharmaceutical focus serving manufacturers and provider customers Leadership in Specialty Successful Corporate Distribution & Services Stew
Slide 9: FY20 Financial Guidance
FY20 Financial Guidance Expectations on an Adjusted (non-GAAP) Basis Mid-single digit percent Revenue growth Diluted Earnings Per Share $7.80 to $7.95 Operating Expense Low-single digit percent growth Mid- to high-single digit Operating Income percent growth Pharmaceutical Distribution Services Mid-
Slide 10: Appendix
Appendix N) AmerisourceBergen’
Slide 11: Appendix
Appendix Note: For more information related to non-GAAP financial measures, refer to the section titled “Supplemental Information Regarding Non-GAAP Financial Measures” of the exhibit to the Company’s most recent Current Report on Form 8-K furnished under Item 2.02. 11
Slide 12: Appendix
Appendix Note: For more information related to non-GAAP financial measures, refer to the section titled “Supplemental Information Regarding Non-GAAP Financial Measures” of the exhibit to the Company’s most recent Current Report on Form 8-K furnished under Item 2.02. 12
Slide 13: AmerisourceBergen
N) AmerisourceBergen’ Where knowledge, reach and partnership shape healthcare delivery.