Slide 1: First Quarter 2022 Earnings Presentation
First Quarter 2022 Earnings Presentation January 31, 2022 © Atkore Inc.
Slide 2: Cautionary Statements
Cautionary Statements This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the “Company” or “Atkore”) or its operational and financial in
Slide 3: Record Quarterly Earnings in Q1 2022
Record Quarterly Earnings in Q1 2022 Revenue Net Income Adjusted EBITDA1 Adjusted EPS1 $/share $M $M $M Q1 Review +65% +141% +114% +144% Solid results in Q1 with 840.8 204.8 293.0 4.58 earnings growth in both Electrical and Safety & Infrastructure 511.1 452.0 447.4 Completed two acquisitions 137.0 8
Slide 4: FY2022 Outlook
FY2022 Outlook Outlook Summary Outlook Items for Q2 2022 FY2022 Changes to Prior Consolidated Atkore Outlook Outlook FY2022 Outlook Net Sales + ~25% +MSD% - Adjusted EBITDA1 $240 – $260M $875 – $925M +$225M Adjusted EPS1 $3.55 – $3.85 $12.80 – $13.60 +$3.60 Interest Expense $30 – $32M - Tax Rate 25%
Slide 5: Recent Acquisitions
Recent Acquisitions Sasco Tubes & Roll Forming Inc. Four Star Industries Manufacturer of metal framing and related products Manufacturer of High Density Polyethylene (HDPE) serving the electrical, mechanical, construction and conduit, primarily serving the telecommunications, solar industries utilit
Slide 6: Q1 Income Statement Summary
Q1 Income Statement Summary Y/Y ($’s in millions) Q1 2022 Q1 2021 Y/Y % Change Change Net Sales $840.8 $511.1 $329.7 64.5% Operating Income $268.4 $119.9 $148.6 124.0% Net Income $204.8 $85.1 $119.8 140.8% Adjusted EBITDA1 $293.0 $137.0 $156.0 113.9% Adjusted EBITDA Margin2 34.8% 26.8% +800 bps - Ne
Slide 7: Consolidated Atkore Q1 2022 Bridges
Consolidated Atkore Q1 2022 Bridges Q1 Net Sales Bridge $368 $13 $841M Net Sales % Change Volume/Mix (9.9%) $511M Price +72.0% $51 Acquisitions / F/X / Other +2.4% Total +64.5% 2021 Volume/Mix Price M&A / F/X / Other 2022 Q1 Adjusted EBITDA Bridge $368 Highlights $293M $12 Delivered strong results d
Slide 8: Q1 2022 Segment Results
Q1 2022 Segment Results Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q1 2022 Q1 2021 Q1 2022 Q1 2021 Change Change Net Sales $641.7 $387.1 65.7% Net Sales $200.5 $124.8 60.7% Adjusted EBITDA $279.5 $133.3 109.8% Adjusted EBITDA $27.4 $14.3 92.5% Adjusted EBITDA Marg
Slide 9: Capital Deployment Focused on Driving Growth
Capital Deployment Focused on Driving Growth Executing our capital deployment model with $150M deployed in Q1 FY22. On track to meet plan to deploy over $1 billion in cash over the next two to three years. Capital Deployment Model Q1 FY2022 Results & Status Capital Expenditures, $9M spent in capital
Slide 10: Committed to Driving Positive ESG Impacts
Committed to Driving Positive ESG Impacts Sustainability Efforts Recently Recognized by Launched 2021 Sustainability Report Leading Independent Organizations Ranked #48 by Newsweek for America’s Most Responsible Companies 2022 Announced 2025 Sustainability Targets Received Great Place to Work® certi
Slide 11: Appendix
Appendix © Atkore
Slide 12: Segment Adjusted Information
SegmentAdjusted Information Earnings Per Share Reconciliation Three months ended December 24, 2021 December 25, 2020 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 641,683 $ 279,547 43.6 % $ 387,145 $ 133,273 34.4 % Safet
Slide 13: Adjusted Earnings Per Share Reconciliation
Adjusted Earnings Per Share Reconciliation Consolidated Atkore Inc. Three months ended December 24, December 25, December 27, (in thousands, except per share data) 2021 2020 2019 Net income $ 204,843 $ 85,066 $ 34,790 Stock-based compensation 3,427 5,522 3,123 Intangible asset amortization 8,229 8,2
Slide 14: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended December 24, December 25, December 27, (in thousands) 2021 2020 2019 Net income $ 204,843 $ 85,066 $ 34,790 Interest expense, net 6,918 8,254 10,620 Income tax expense 56,975 26,964 7,340 Depreciation and amorti
Slide 15: Trailing Twelve Month Adjusted EBITDA Reconciliation
Trailing Twelve AdjustedMonth Adjusted Earnings Per ShareEBITDA Reconciliation Reconciliation Consolidated Atkore Inc. TTM Three months ended December December September June 25, March 26, (in thousands) 24, 2021 24, 2021 30, 2021 2021 2021 Net income $ 707,634 $ 204,843 $ 202,561 $ 175,297 $ 124,93
Slide 16: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Three months ended (in thousands) December 24, 2021 December 25, 2020 Net cash provided by operating activities $ 97,192 $ 86,276 Capital expenditures $ (9,358) $ (8,229) Free Cash Flow: $ 87,834 $ 78,047 © Atkore 16
Slide 17: atkore.com
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