Slide 1: Fourth Quarter 2020 Earnings Presentation
Fourth Quarter 2020 Earnings Presentation November 19, 2020 1
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forwa
Slide 3: Record Quarterly Earnings in Q4 2020
Record Quarterly Earnings in Q4 2020 Revenue, $M Net Income, $M Adjusted EBITDA1, $M Adjusted EPS1, $/share Cash Balance, $M +18% +11% +17% +130% -5% 501.7 477.4 54.2 98.2 1.18 284.5 46.0 88.8 1.01 123.4 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 2019 Q4 2020 Q4 Review Delive
Slide 4: FY2020 Results & Recent Business Updates
FY2020 Results & Recent Business Updates Strong operating performance and excellent teamwork despite challenging conditions FY2020 Results Business Update Post Sept 30th Excellent safety performance in FY20; reduced Acquired the assets of Queen City Plastics, Inc., global incident rate by more than
Slide 5: Q4 Income Statement Summary
Q4 Income Statement Summary Y/Y Y/Y % Q4 2020 Q4 2019 ($’s in millions) Change Change Net Sales $477.4 $501.7 ($24.3) (4.8%) Operating Income $84.2 $66.2 $18.0 27.2% Net Income $54.2 $46.0 $8.2 17.9% Adjusted EBITDA1 $98.2 $88.8 $9.4 10.6% Adjusted EBITDA Margin2 20.6% 17.7% +290 bps - Net Income pe
Slide 6: Consolidated Atkore Q4 2020 Bridges
Consolidated Atkore Q4 2020 Bridges Q4 Net Sales Bridge Net Sales % Change $502M Volume/Mix (9.5%) $20 $0 $3 $477M Price +4.0% $48 Acquisitions/Divestitures +0.1% FX/Other +0.6% Total (4.8%) 2019 Volume/Mix Price M&A FX/Other 2020 Q4 Adjusted EBITDA Bridge Highlights $4 $98M $13 $0 $4 Excellent comm
Slide 7: Q4 2020 Segment Results
Q4 2020 Segment Results Electrical Raceway Mechanical Products & Solutions Q4 Q4 Y/Y Q4 Q4 Y/Y ($’s in millions) 2020 2019 Change ($’s in millions) 2020 2019 Change Net Sales $364.1 $373.3 (2.5%) Net Sales $113.9 $128.7 (11.5%) Adjusted EBITDA $92.9 $80.0 16.1% Adjusted EBITDA $16.1 $21.1 (23.8%) Ad
Slide 8: Cash, Leverage Ratio & Other Key Metrics
Cash, Leverage Ratio & Other Key Metrics Cash & Cash Equivalents, $M +$161M vs. Prior Year ($’s in millions) FY20 284.5 237.3 Net cash from operating activities $248.8 Capital expenditures $33.8 164.1 123.4 137.2 Free cash flow1 $215.0 100.7 75.9 Debt Repayment $40.0 51.5 Stock repurchases $15.0 Q1
Slide 9: Outstanding Track Record of Growth
Outstanding Track Record of Growth Adjusted EBITDA1, $M Free Cash Flow1, $M Return on Capital1 (ROC), % +15% CAGR +13% CAGR +1,510 bps 324 327 215 17.8 17.0 15.4 272 175 235 228 12.2 140 10.7 114 164 107 97 2.7 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY201
Slide 10: Expecting to Continue to Grow in FY2021
Expecting to Continue to Grow in FY2021 Estimating Fiscal Year 2021 Net Sales, Adjusted EBITDA and Adjusted EPS to be up versus FY2020 led by strong operational performance and profit growth in Q1 2021 Outlook Summary Outlook Items for Q1 2021 FY2021 Consolidated Atkore Outlook Outlook Net Sales +1%
Slide 11: Appendix
A Atkore Appendix
Slide 12: FY20 Income Statement Summary
FY20 Income Statement Summary Y/Y Y/Y % FY 2020 FY 2019 ($’s in millions) Change Change Net Sales $1,765.4 $1,916.5 ($151.1) (7.9%) Operating Income $239.6 $223.7 $15.9 7.1% Net Income $152.3 $139.1 $13.3 9.5% Adjusted EBITDA1 $326.6 $324.4 $2.2 0.7% Adjusted EBITDA Margin2 18.5% 16.9% +160 bps - Ne
Slide 13: Consolidated Atkore FY 2020 Bridges
Consolidated Atkore FY 2020 Bridges Full Year Net Sales Bridge Net Sales % Change $1,917M Volume/Mix (7.3%) $29 $1,765M Price (2.0%) $140 $3 $38 Acquisitions/Divestitures +1.5% FX/Other (0.1%) Total (7.9%) 2019 Volume/Mix Price M&A FX/Other 2020 Full Year Adjusted EBITDA Bridge $324M $19 $5 $326M $2
Slide 14: FY20 Sales Breakdown by Market
FY20 Sales Breakdown by Market % of Atkore FY20 Net Sales By End Market Category Description Market Review ▪ Includes Commercial & Industrial, Institutional ▪ Products primarily sold through electrical distribution channel and Infrastructure categories ▪ Long-term positive market trends in Data Cent
Slide 15: Segment Information
Segment Information Three months ended September 30, 2020 September 30, 2019 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical Raceway $ 364,148 $ 92,855 25.5 % $ 373,344 $ 80,000 21.4 % Mechanical Products & Solutions 113,904
Slide 16: Adjusted Earnings Per Share Reconciliation
Adjusted Earnings Per Share Reconciliation Consolidated Atkore International Group Inc. Three months ended Fiscal Year Ended September 30, September 30, September September (in thousands, except per share data) 2020 2019 30, 2020 30, 2019 Net income $ 54,241 $ 45,997 $ 152,302 $ 139,051 Stock-based
Slide 17: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore International Group Inc. Three months ended Fiscal Year Ended September 30, September 30, September 30, September 30, (in thousands) 2020 2019 2020 2019 Net income $ 54,241 $ 45,997 $ 152,302 $ 139,051 Income tax expense 20,584 16,105
Slide 18: Trailing Twelve Month Adjusted EBITDA
Trailing Twelve Month Adjusted EBITDA Consolidated Atkore International Group Inc. TTM Three months ended September September June 26, March 27, December (in thousands) 30, 2020 30, 2020 2020 2020 27, 2019 Net income $ 152,302 $ 54,241 $ 24,078 $ 39,193 $ 34,790 Interest expense, net 40,062 9,457 9,
Slide 19: Net Debt to Total Debt and Leverage Ratio
Net Debt to Total Debt and Leverage Ratio Consolidated Atkore International Group Inc. September 30, March 27, December 27, September 28, March 29, December 28, ($ in thousands) 2020 June 26, 2020 2020 2019 2019 June 28, 2019 2019 2018 Short-term debt and current maturities of long-term debt $ — $ —
Slide 20: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore International Group Inc. Fiscal Year Ended September September September September September September (in thousands) 30, 2020 30, 2019 30, 2018 30, 2017 30, 2016 30, 2015 Net cash provided by operating activities $ 248,762 $ 209,694 $ 145,703 $ 121,
Slide 21: Return on Capital Calculation
Return on Capital Calculation Consolidated Atkore International Group Inc. Fiscal Year Ended September 30, September 30, September 30, September 30, September 30, September 30, (in thousands) 2020 2019 2018 2017 2016 2015 Income (Loss) Before Taxes $ 201,998 $ 184,669 $ 166,352 $ 126,125 $ 86,781 $
Slide 22: Thank You!
Thank You! atkore.com 16100 South Lathrop Avenue, Harvey, IL 60426