Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q2 FY2026 Earnings Presentation
12 slides from Advanced Drainage Systems's earnings presentation, Nov 6, 2025
Slide 1: Q2 Fiscal 2026 Financial Results
[IDS Q2 Fiscal 2026 Financial Results November 6, 2025
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations /IBDS
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projection
Slide 4: CEO Highlights
CEO Highlights Q2 Fiscal 2026 Revenue Q2 Fiscal 2026 Profitability Sales + Allied product revenue increased 13% Adjusted EBITDA Margin driven by double-digit growth of key . ox products: StormTech chambers, “ome Hees a and $639 $671 Nyloplast basins, Water Quality. 338% Price/cost. on + Infiltrator
Slide 5: Q2 Fiscal 2026 Financial Performance
Q2 Fiscal 2026 Financial Performance Revenue Revenue Performance (USD, ln millons) ae By Business Domestic Markets $783 + ADS Legacy 45% a CONSTUCHON, ee comnonante 4 (Pes 1% + Non-Residential +15% + Allied Products +13% ® Residential 4096 + Infiltrator +25% staat col TRC TUCIUG .. cartusresonanmnon
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) FY 2026 YTD FY 2025 YTD ry Consolidated Adjusted EBITDA $566 $521 $45 Working capital?) 4 (42) 46 Cash tax (66) (84) 28 Cash interest, net (32) (30) (2) Other®) 28 (14) 42 Consolidated cash flow from operations $510 $350 $160 Capital expenditure
Slide 7: Updated Fiscal Year 2026 Guidance
Updated Fiscal Year 2026 Guidance Fiscal 2026 Expectations Key Metric FY 2025 FY 2026 Y-o-Y Change Net Sales $2,904 $2,900 - $2,990 +0% to +3% fal, BEIT $889 $900 - $940 +1% to +6% Adj. EBITDA Margin 30.6% 31.0% - 31.4% +40 bps to +80 bps IDS.
Slide 8: Q&A
Slide 9: Appendix
Appendix /IBDS
Slide 10: YTD Fiscal 2026 Financial Performance
YTD Fiscal 2026 Financial Performance Revenue Revenue Performance (USD, ln millons) +5% By Business Domestic Markets + ADS Legacy 1% + Construction occ t7% $1,598 - Pipe 4%) + Non-Residential +11% + Allied Products 47% + Residential +6% + Infiltrator 423% wa, Infrastructure oe 0%) YTD FY25 YTD FY26
Slide 11: Reconciliations
Reconciliations 11 (In thousands) Net Sales Intersegment Net Sales Net Sales from External Customers Net Sales Intersegment Net Sales Net Sales from External Customers Pipe $ 426,811 $ (13,762) $ 413,049 $ 420,989 $ (14,611) $ 406,378 Infiltrator Water Technologies 196,368 (16,652) 179,716 157,521 (
Slide 12: Reconciliations Notes
Reconciliations 12 Notes: a) Includes costs associated with closure of one recycling facility, one offsite storage location and one distribution yard, as well as professional fees incurred in connection with supporting enterprise-wide restructuring and realignment initiatives. Excludes gain on sale
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