Slide 1: Third Quarter 2018 Earnings Conference Call
Regal Beloit Corporation Third Quarter 2018 Earnings Conference Call November 5, 2018 Mark Gliebe Jon Schlemmer Chairman and Chief Operating Officer Chief Executive Officer Rob Rehard Robert Cherry Vice President Vice President Chief Financial Officer Business Development & Investor Relations ©2018
Slide 2: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended Nine Months Ended Sep 29, Sep 30, Sep 29, Sep 30, 2018 2017 2018 2017 GAAP Diluted Earnings Per Share $ 1.17 $ 1.39 $ 3.98 $ 3.59 Restructuring and Related Costs 0.03 0.03 0.09 0.20 Purchase Accounting and Trans
Slide 3: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Three Months Ended Commercial & Power Transmission ADJUSTED INCOME FROM OPERATIONS Industrial Systems Climate Solutions Solutions Total Regal (Dollars in Millions) Sep 29, Sep 30, Sep 29, Sep 30, Sep 29, Sep 30, Sep 29, Sep 30, 2018 2017 2018 2017 2018 2017 2018 201
Slide 4: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Three Months Ended Commercial & Industrial Power Transmission ADJUSTED NET SALES Systems Climate Solutions Solutions Total Regal (Dollars in Millions) Sep 29, Sep 30, Sep 29, Sep 30, Sep 29, Sep 30, Sep 29, Sep 30, 2018 2017 2018 2017 2018 2017 2018 2017 Net Sales $
Slide 5: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations ADJUSTED EFFECTIVE TAX RATE Three Months Ended Nine Months Ended Sep 29, Sep 30, Sep 29, Sep 30, 2018 2017 2018 2017 Income before Taxes $ 56.3 $ 81.2 $ 216.9 $ 211.9 Provision for Income Taxes 3.6 17.6 37.6 46.4 Effective Tax Rate 6.4% 21.7% 17.3% 21.9% Income befo
Slide 6: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations FREE CASH FLOW Three Months Ended Nine Months Ended (Dollars in Millions) Sep 29, Sep 30, Sep 29, Sep 30, 2018 2017 2018 2017 Net Cash Provided by Operating Activities $ 106.0 $ 86.1 $ 250.3 $ 235.0 Additions to Property Plant and Equipment (18.7) (15.3) (59.2) (49.
Slide 7: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations ORGANIC SALES GROWTH Three Months Ended (Dollars in Millions) Commercial & Power Industrial Climate Transmission Systems Solutions Solutions Total Regal Net Sales Three Months Ended Sep 29, 2018 $ 462.3 $ 255.4 $ 207.7 $ 925.4 Net Sales from Business Acquired (34.7)
Slide 8: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations TOTAL GROSS DEBT/ADJUSTED EBITDA TOTAL NET DEBT/ADJUSTED EBITDA (Dollars in Millions) (Dollars in Millions) LTM Sep 29, LTM Sep 29, 2018 2018 Net Income Attributable to Regal Beloit Corporation $ 227.1 Net Income Attributable to Regal Beloit Corporation $ 227.1 Plus
Slide 9: Appendix Regal Shipping Days
Appendix Regal Shipping Days 1Q 2Q 3Q 4Q FY 2014 63 63 63 64 253 2015 64 63 64 59 250 2016 64 64 63 60 251 2017 64 63 63 60 250 2018 63 64 63 61 251 Regal operates on a 52/53 week fiscal year ending on the Saturday closest to December 31 Fiscal Years 2015, 2016, 2017 and 2018 have 52 weeks Fis