Albany International Corporation · NYSE:AIN

Albany International — Q4 2015 Earnings Presentation

7 slides from Albany International's earnings presentation, Feb 8, 2016

  1. Slide 1: Albany International Corp. Q4 Financial Performance

    Albany International Corp. Q4 Financial Performance February 8, 2016 ©Albany International Corp. All right reserved.

  2. Slide 2: Non-GAAP Items and Forward-Looking Statements

    ‘Non-GAAP’ Items and Forward-Looking Statements This presentation contains certain items, such as net income attributable to the Company, excluding adjustments (absolute as well as per-share), earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA and net debt, that

  3. Slide 3: Net Sales by Segment

    Net Sales by Segment (in thousands) Net Sales Three Months ended December 31, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $145,004 $160,238 -9.5% ($7,364) -4.9% Albany Engineered Composites (AEC) 32,462

  4. Slide 4: Gross Profit Margin by Quarter

    Gross Profit Margin by Quarter Percentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 47.4% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 40.4% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Machine Clothing Total Company 4 Includes 8.1% impact from BR

  5. Slide 5: Earnings Per Share

    Earnings Per Share 5 Per share amounts (Basic) Three Months Ended December 31, 2015 2014 Years ended December 31, 2015 2014 Net income attributable to the Company, as reported $1.17 $0.25 $1.79* $1.31 Adjustments: Restructuring charges, net 0.21 0.04 0.48 0.12 Income tax adjustments (0.93) - (0.69)

  6. Slide 6: Adjusted EBITDA

    Adjusted EBITDA Three Months ended December 31, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $30,342 ($1,843) $8,967 $37,466 Interest expense, net - - 1,935 1,935 Income tax expense/(benefit) - - (26,185) (26,185) Depreciatio

  7. Slide 7: Debt

    Debt $ thousands $94,040 $78,225 $88,205 $92,970 $111,765 $120,172 $98,710 $80,570 $302,419 $285,061 $283,666 $272,772 $282,603 $302,646 $270,490 $265,683 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 March 31, 2015

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