Matthews International Corporation · NASDAQ:MATW
Matthews International — Q2 2021 Earnings Presentation
16 slides from Matthews International's earnings presentation, Apr 30, 2021
Slide 1: Second Quarter Fiscal 2021 Earnings Teleconference
www.matw.com | Nasdaq: MATW Second Quarter Fiscal 2021 Earnings Teleconference April 30, 2021 Joseph C. Bartolacci President and Chief Executive Officer Steven F. Nicola Chief Financial Officer
Slide 2: Disclaimer
© 2021 Matthews International Corporation. All Rights Reserved. DISCLAIMER 2 Any forward-looking statements contained in this presentation are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
Slide 3: Overview
Matthews Bae INTERNATIONAL’ OVERVIEW
Slide 4: Q2 2021 Summary
© 2021 Matthews International Corporation. All Rights Reserved. Q2 2021 SUMMARY * See supplemental slides for Adjusted EPS and Adjusted EBITDA reconciliations, and other important disclaimers regarding Matthews’ use of Non-GAAP measures 4 Q2 2020 Q2 2021 Sales $ 374.8 $ 417.2 Gross Margin 33.3 % 33.
Slide 5: Memorialization
© 2021 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 5 23.0% 21.1% $161.8 $205.5 Q2 FY2020 Q2 FY2021 $316.2 $388.7 FY2020 FY2021 $35.2 $
Slide 6: SGK Brand Solutions
© 2021 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS ($ in millions) * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 6 15.4% 12.9% $172.9 $171.0 Q2 FY2020 Q2 FY2021 $347.7 $339.2 F
Slide 7: Industrial Technologies
© 2021 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES * See supplemental slide for Adjusted EBITDA reconciliation and other important disclaimers regarding Matthews’ use of Non-GAAP measures 7 15.5% 12.4% 15.6%10.3% ($ in millions) $40.1 $40.7 Q2 FY2020 Q2 FY2021 $7
Slide 8: Capitalization and Cash Flows
© 2021 Matthews International Corporation. All Rights Reserved. • Strong operating results and continued working capital management generated significant increase in operating cash flow • Debt reduction of $42.1 million for the second quarter • Last twelve months total debt reduction of $183.3 milli
Slide 9: Overview
Matthews fEtaniiss OVERVIEW INTERNATIONAL
Slide 10: Business Update
© 2021 Matthews International Corporation. All Rights Reserved. 10 BUSINESS UPDATE SGK BRAND SOLUTIONS MEMORIALIZATION INDUSTRIAL TECHNOLOGIES • Casket sales growth • Higher cremation equipment, cemetery memorial product and mausoleum sales • Higher direct material costs for the balance of the fisca
Slide 11: Outlook for Fiscal 2021
© 2021 Matthews International Corporation. All Rights Reserved. Key Drivers • Continued uncertainty in current COVID-19 economic environment • Decline in casket sales expected as pandemic subsides • Higher direct material costs (bronze, steel and lumber) expected to impact the remainder of fiscal 20
Slide 12: Supplemental Information
Matthews Buje INFORMATION INTERNATIONAL
Slide 13: Non-GAAP measures disclosure
© 2021 Matthews International Corporation. All Rights Reserved. 13 Included in this report are measures of financial performance that are not defined by generally accepted accounting principles in the United States (“GAAP”). The Company uses non-GAAP financial measures to assist in comparing its per
Slide 14: Adjusted EBITDA Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted EBITDA. 14 Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 Net income (loss) $ 5,152 $ (86,595) $ 3,160
Slide 15: Adjusted Net Income and Earnings Per Share Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) * See Disclaimer (page 2) for Management’s assessment of supplemental information related to adjusted net income and ad
Slide 16: Net Debt Non-GAAP Reconciliation
© 2021 Matthews International Corporation. All Rights Reserved. * See Disclaimer (page 2) for Management’s assessment of supplemental information related to net debt. 16 March 31, 2021 December 31, 2020 September 30, 2020 Long-term debt, current maturities $ 4,274 $ 26,826 $ 26,824 Long-term debt 77
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