Transcat, Inc. · NASDAQ:TRNS
Transcat — Q4 FY2019 Earnings Presentation
15 slides from Transcat's earnings presentation, May 22, 2019
Slide 1: Q4 Financial Results Fiscal 2019
Q4 Financial Results Fiscal 2019 Lee D. Rudow President and CEO Michael J. Tschiderer Chief Financial Officer TRANSGAT Trust in every measure
Slide 2: Safe Harbor Statement
TRANSCAT stn ony msairo Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumption
Slide 3: Q4 and Full Fiscal Year 2019 Results
TRANSAT stinovry noasure Q4 and Full Fiscal Year 2019 Results Record Consolidated Results Strong Service Organic Growth Expanded Distribution Margins Record revenue: Q4 up $2.0M to $44.5M; Full year up $5.8M to $160.9M Record net income: $2.7 million or $0.35 per diluted share in Q4 $7.1 million or
Slide 4: Woodington Award
TRANSCAT rts nn nse Woodington Award This award, sponsored as a memorial to the late Andrew J. Woodington, is the measurement community’s recognition of an individual who represents the highest level of professionalism, and dedication to the Metrology profession Howard Zion — 2019 Winner Chris Grach
Slide 5: Record Revenue
Record Revenue (Sin millions) Q4 Service Segment Consolidated — Annual TRANSCAT usin evry moasuro ca $155.1 $160.9 $24.3 amo : - “T = = a Q4 FY 2018 Q4 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Q4 Distribution Segment $20.5 $20.2 Q4 FY 2018 Q4 FY 2019 *Fy2015-FY 2019 ) Service ° 52 weeks in FY
Slide 6: Operating Income
TRANSCAT rts nn nse Operating Income ($ in millions) Q4 Service Segment Consolidated — Annual $2.4 $2.4 oe $9.0 = - ‘i : = = Q4 FY 2018 Q4 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 | Service @ Distribution Q4 Distribution Segment . we * Service margin impacts: — Short-term productivity challen
Slide 7: Record Net Income & Diluted EPS
TRANSCAT stn ony msairo Record Net Income & Diluted EPS (Sin millions, except EPS) Annual Quarterly $7.1 $5.9 $4.5 $4.0 $4.1 25 $2.7 - - - Diluted EPS = = Fy2015 FY2016«=FY2017-—«=sFY2018 ~—FY.2019 Q4 FY 2018 Q4 FY 2019 Expect tax rate to range between 22% and 23% for full fiscal 20207 (includes Fed
Slide 8: Adjusted EBITDA and Margin
TRANSCAT ison nesses Adjusted EBITDA’ and Margin (Sin millions) QA Service Segment Consolidated — Annual SB $17.8 on $3.8 suas $164 - = as J = = Q4 FY 2018 Q4 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 \) Service @ Distribution 4 Distribution Segment ® 2 * Total FY19 Adjusted EBITDA’ up 8.9% to
Slide 9: Financial Flexibility Supports Growth Strategy
TRANSCAT sti over measure Financial Flexibility Supports Growth Strategy ($ in millions) Total Debt $27.3 $19.1 $12.2 ail 7 FY 2015 FY 2016 FY 2017 Capital Expenditures $5.3 $3.5 si Fy2015 FY2016 FY 2017 " See supplemental slides for a description ofthis non-GAAP financial measure, for Adjusted EBIT
Slide 10: Calibrated
CALIBRATED
Slide 11: FY20 Outlook — Building our Business for the Long Term
TRANSAT rust very measure FY20 Outlook* — Building our Business for the Long Term Technology and automation: Multi-year operational excellence program to drive process improvements and productivity is expected to result in increased capacity and higher margins Service segment: Expect to achieve doub
Slide 12: Conference Call and Webcast Playback
TRANSCAT srstin overy moasure Conference Call and Webcast Playback Replay Number: 412-317-6671 passcode: 13689948 Telephone replay available through Wednesday, May 29, 2019 Webcast / Presentation / Replay available at Transcript, when available, at
Slide 13: Supplemental Information
Supplemental Information TRANSGAT Trust in every measure
Slide 14: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (Sin thousands) Net Income + Interest + Other Expense / (Income) +Tax Provision Operating Income + Depreciation & Amortization + Other (Expense) / Income + Noncash Stock Compensation Adjusted EBITDA TRANSAT stinovry noasure Fy2015._F¥ 2016 Fy2017 Fy2018_—_FY 2019 $ 4,0
Slide 15: Segment Adjusted EBITDA Reconciliation
TRANSCAT tty ess Segment Adjusted EBITDA Reconciliation (Sin thousands) FY 2015 FY 2016 FY 2017 Fy 2018 FY 2019 Service Operating Income $ 3,693 $ 4,155 $ 4,769 $ 5158 © § 5,202 +Depreciation & Amortization 2,362 3,216 4,660 4,397 4,754 +Other (Expense) / Income (138) (64) (55) (61) (69) +Noncash St