Wesco International, Inc. · NYSE:WCC
Wesco International — Q3 2024 Earnings Presentation
19 slides from Wesco International's earnings presentation, Oct 31, 2024
Slide 1: Thumbnails Document Outline Attachments
Thumbnails Document Outline Attachments
Slide 2: Slide index
PowerPoint Template Slide 1 Slide 2: Forward-Looking Statements Slide 3: Third Quarter Summary and Outlook Slide 4: Third Quarter YOY Results Solid quarter against continued mixed and multi-speed economy Slide 5: Third Quarter Sequential Results Sales and adjusted EBITDA margin in line with second q
Slide 3: Third Quarter 2024 Webcast Presentation
Third Quarter 2024Webcast Presentation October 31, 2 2Allstatementsmadehereinthatarenothistoricalfactsshouldbeconsideredas"forward- lookingstatements"withinthemeaningofthePrivateSecuritiesLitigationReformActof1995.Suchstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorsthat lookingstat
Slide 4: Third Quarter Summary and Outlook
items, allowing investors to more easily compare the Company's financial performance from period to period. Management does not use these non-GAAP financial me stated above. Forward-Looking Statements 3 Third Quarter Summary and OutlookSolidquarterly results with year outlook ranges maintainedSee ap
Slide 5: Third Quarter YOY and Sequential Results
4 $5,644$5,489Q3 2023SalesPriceVolumeM&A, Fx, andWorkdaysQ3 2024SalesAdjusted EBITDANet Sales1 Third Quarte ResultsSolid quarter against continued mixed and multi-speed eco on company estimates2SG&A excludes the impact of stock-based compensation and cloud computing amortizationSee appendix for non-
Slide 6: Wesco Has Outgrown Suppliers and Peers Over Multi-Year Period
ABBBeldenCommScopeCorningEatonHubbellLegrandPrysmianRockwellSchneider•Includes Wesco’s top 10 publicly traded suppliers•Making up ~25% of total Wesco 5% of Wesco’s purchases in 20236(10%)0%10%20%30%Q12021Q22021Q32021Q42021Q12022Q22022Q32022Q42022Q12023Q22023Q32023Q42023Q12024Q22024Q32024W GrowthBair
Slide 7: Electrical & Electronic Solutions (EES)
Communications & Security Solutions (CSS)Strong an center growth8Q32024Q32023YOYSales$1,955$1,7788%1Adjusted EBITDA$175$176flat% of sa Quarter Drivers•Organic sales up 8%, reported sales up 10% YOY–Wesco Data Center Solutions (WDC growth in hyperscale, multi-tenant data center and enterprise–Enterpr
Slide 8: Communications & Security Solutions (CSS)
10 Highlighting Recent Large WinsCSSCustomerGlobal Technology Comp contract worth over $200 million to provide high-speed fiber, cable management, racks and accessories, and multiple support a data center construction project in South America. EES CustomerGlobal EPC and Construction Services million
Slide 9: Utility & Broadband Solutions (UBS)
(through 9/30/24)Trailing Twelve Months$ millions~$280 million free cash flow generated in Q3 (1 income), ~$777 million year-to-dateSee appendix for non-GAAP reconciliations 12 VALUE ACCRETIVE M&A and OPTIONALITY ~75% Continue to buy back stock while m dividendRETURN CASH ~25%Leveraging strong cash
Slide 10: Highlighting Recent Large Wins
13 Fourth Quarter OutlookSales momentum stabilized in Q3Prel October sales per workday are up MSD(10)%20%Jan23Feb23Mar23Apr23May23Jun23Jul23Aug23Sep23Oct23Nov23Dec23Jan24Feb24Mar24Apr24May24Jun24Jul24Aug24Sep24YOY Orga +11%Q4OutlookReported SalesFlat-to-down LSD sequentiallyEBITDA %~In-line/slightly
Slide 11: Free Cash Flow
15 2024 Outlook Ranges MaintainedCurrently tracking towa the range for sales and adjusted EBITDA margin Carry over pricing expected to contribute ~1% to 2024 OutlookOctoberSalesOrganic sales(1.5)% to 0.5%(1.5)% to 0.5%Plus: impact of two additional workdays in 20241%1%Integrated Supply Divestiture g
Slide 12: Capital Allocation Framework
APPENDIX 18 Glossary 1H: First half of fiscal yearMTDC: Multi-tenant data center2H: Second half of fiscal yearPF: Pro FormaA/V: Audio/visualPY: Prior Ye equipment manufacturerCOGS: Cost of goods soldOPEX: Operating expensesCIG: Commercial, Institutional and GovernmentROW: Rest of worldCSS: Commu uni
Slide 13: Fourth Quarter Outlook
19 WorkdaysQ1Q2Q3Q4FY20216264646225220226364646225320236364636225220246364
Slide 14: 2024 Strategic Business Unit Sales Growth Drivers
20 Non–GAAP Measure Definitions Organic sales growth is a non-GAAP financial measur is calculated by deducting the percentage impact from acquisitions and divestitures for one year following the respective transaction, foreign exchange reported percentage change in consolidated net sales.Grossprofit
Slide 15: 2024 Outlook Ranges Maintained
22 Gross Profit and Free Cash Flow –Quarter $ millionsThree Months En 30, 2023Net sales$5,489.4$5,644.4Cost of goods sold (excluding depreciation and amortization)4,276.74,422.4Gross profit$1,212.7$1,222.0Gross margin22.1%21.6 30, 2024September 30, 2023Cash flow provided by operations$302.1$361.7Les
Slide 16: Third Quarter Summary and Outlook
Slide 17: Appendix
Slide 18: Glossary
Slide 19: Non-GAAP reconciliations
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