Albany International Corporation · NYSE:AIN
Albany International — Q1 2015 Earnings Presentation
7 slides from Albany International's earnings presentation, May 4, 2015
Slide 1: Albany International Corp. Q1 Financial Performance
Albany International Corp. Q1 Financial Performance May 4, 2015
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
Slide 3: Net Sales by Segment
Net Sales by Segment (in thousands) Net Sales Three Months ended March 31, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $158,494 $164,088 -3.4% ($11,317) 3.5% Albany Engineered Composites (AEC) 22,830 16,
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% 41.5% 38.9% 38.2% 38.0% 42.3% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Machine Clothing Total Company 4
Slide 5: Earnings Per Share
Earnings Per Share 5 Per share amounts (Basic) Three Months ended March 31, 2015 2014 Net income attributable to the Company, as reported $0.38 $0.33 Adjustments: Restructuring charges 0.18 0.02 Income tax adjustments 0.01 0.03 Foreign currency revaluation (gains)/losses (0.10) (0.01) Gain on sale o
Slide 6: Adjusted EBITDA
Adjusted EBITDA 6 Three Months ended March 31, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $35,689 ($3,811) ($19,639) $12,239 Interest expense, net - - 2,676 2,676 Income tax expense - - 8,519 8,519 Depreciation and amortiza
Slide 7: Debt
Debt $ thousands $94,040 $78,225 $88,205 $92,970 $111,765 $302,419 $285,061 $283,666 $272,772 $282,603 $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 Net Debt Total Debt 7