Slide 1: Second Quarter 2022 Earnings Presentation
Second Quarter 2022 Earnings Presentation May 3, 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: Strong Results in Q2 2022
Strong Results in Q2 2022 Revenue Net Income Adjusted EBITDA1 Adjusted EPS1 $M $M $M $/share Business Update Solid results in Q2 with +54% +87% +79% +93% strong earnings growth and 982.6 233.5 346.2 5.39 margin expansion in both Electrical and Safety & Infrastructure 639.5 Repurchased $157M in stock
Slide 4: FY2022 Outlook
FY2022 Outlook Increasing FY2022 expectations given results and performance in the first half of the year. Providing a preliminary perspective on FY2023. Outlook Summary Outlook Items for Q3 2022 FY2022 Changes to Prior Preliminary Consolidated Atkore Outlook Outlook FY2022 Outlook FY2023 Perspectiv
Slide 5: Q2 Income Statement Summary
Q2 Income Statement Summary Y/Y ($’s in millions) Q2 2022 Q2 2021 Y/Y % Change Change Net Sales $982.6 $639.5 $343.0 53.6% Operating Income $318.8 $164.4 $154.4 93.9% Net Income $233.5 $124.9 $108.5 86.9% Adjusted EBITDA1 $346.2 $193.4 $152.8 79.0% Adjusted EBITDA Margin2 35.2% 30.2% +500 bps - Net
Slide 6: Consolidated Atkore Q2 2022 Bridges
Consolidated Atkore Q2 2022 Bridges Q2 Net Sales Bridge $339 $12 $983M Net Sales % Change Volume/Mix (1.3%) $640M $8 Price +52.9% Acquisitions / F/X / Other +2.0% Total +53.6% 2021 Volume/Mix Price M&A / F/X / Other 2022 Q2 Adjusted EBITDA Bridge $339 Highlights $346M $15 Delivered strong results de
Slide 7: Q2 2022 Segment Results
Q2 2022 Segment Results Electrical Safety & Infrastructure Y/Y ($’s in millions) Y/Y ($’s in millions) Q2 2022 Q2 2021 Q2 2022 Q2 2021 Change Change Net Sales $759.9 $487.5 55.9% Net Sales $224.3 $152.7 46.9% Adjusted EBITDA $331.0 $188.8 75.3% Adjusted EBITDA $28.9 $16.2 78.6% Adjusted EBITDA Margi
Slide 8: Capital Deployment Focused on Driving Growth
Capital Deployment Focused on Driving Growth On track to exceed plan to deploy over $1 billion in cash over next two to three years1; Deployed ~$325 million in first half of 2022 Capital Deployment Model First Half FY2022 Results & Status Capital Expenditures, $25M spent in capital expenditures in t
Slide 9: Appendix
Appendix © Atkore
Slide 10: Segment Information
Segment Information Three months ended March 25, 2022 March 26, 2021 Adjusted Adjusted Adjusted EBITDA Adjusted EBITDA (in thousands) Net sales EBITDA Margin Net sales EBITDA Margin Electrical $ 759,877 $ 330,970 43.6 % $ 487,500 $ 188,826 38.7 % Safety & Infrastructure 224,285 28,917 12.9 % 152,700
Slide 11: Adjusted Earnings Per Share Reconciliation
Adjusted Earnings Per Share Reconciliation Consolidated Atkore Inc. Three months ended March 25, March 26, March 27, March 29, (in thousands, except per share data) 2022 2021 2020 2019 Net income $ 233,477 $ 124,933 $ 39,193 $ 29,555 Stock-based compensation 6,128 4,868 4,523 1,834 Intangible asset
Slide 12: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended March 25, March 26, March 27, March 29, (in thousands) 2022 2021 2020 2019 Net income $ 233,477 $ 124,933 $ 39,193 $ 29,555 Interest expense, net 7,514 8,416 10,564 13,328 Income tax expense 78,613 38,304 13,100
Slide 13: Trailing Twelve Month Adjusted EBITDA
Trailing Twelve Month Adjusted EBITDA Consolidated Atkore Inc. TTM Three months ended March 25, March 25, December 24, September June 25, 2021 (in thousands) 2022 2022 2021 30, 2021 Net income $ 816,178 $ 233,477 $ 204,843 $ 202,561 $ 175,297 Interest expense, net 30,661 7,514 6,918 8,139 8,090 Inco
Slide 14: Net Debt to Total Debt and Leverage Ratio
Net Debt to Total Debt and Leverage Ratio Consolidated Atkore Inc. March 25, December 24, September March 26, December 25, June 25, 2021 ($ in thousands) 2022 2021 30, 2021 2021 2020 Short-term debt and current maturities of long-term debt $ — $ — $ — $ 4,000 $ — $ — Long-term debt 759,461 758,924 7
Slide 15: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Consolidated Atkore Inc. Six months ended March 25, March 26, (in thousands) 2022 2021 Net cash provided by operating activities $ 161,159 $ 153,246 Capital expenditures (25,343) (20,374) Free Cash Flow: $ 135,816 $ 132,872 © Atkore 15
Slide 16: atkore.com
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