Matthews International Corporation · NASDAQ:MATW

Matthews International — Q3 2023 Earnings Presentation

13 slides from Matthews International's earnings presentation, Aug 16, 2023

  1. Slide 1: Investor Presentation – Quarterly Update Fiscal Third Quarter 2023

    www.matw.com | Nasdaq: MATW © 2023 Matthews International Corporation. All Rights Reserved. INVESTOR PRESENTATION – QUARTERLY UPDATE Fiscal Third Quarter 2023

  2. Slide 2: Disclaimer

    © 2023 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

  3. Slide 3: Our Business Segments

    © 2023 Matthews International Corporation. All Rights Reserved. OUR BUSINESS SEGMENTS Matthews today builds on its legacy with development of new technologies that provide a platform for continued evolution and growth. 3 The SGK Brand Solutions segment is a leading provider of packaging solutions an

  4. Slide 4: Q3 2023 Summary

    © 2023 Matthews International Corporation. All Rights Reserved. Q3 2023 SUMMARY 4 Q3 2022 Q3 2023 Sales $ 421.7 $ 471.9 Diluted EPS $ 0.09 $ 0.28 Non-GAAP Adjusted EPS* $ 0.58 $ 0.74 Net Income Attributable to Matthews $ 2.9 $ 8.7 Adjusted EBITDA* $ 46.0 $ 56.2 Q3 YTD YTD 2022 YTD 2023 Sales $ 1,305

  5. Slide 5: Financial Summary

    © 2023 Matthews International Corporation. All Rights Reserved. 5 FINANCIAL SUMMARY (Unaudited) (Dollars in thousands) Fiscal Year Ended September 30, Year to Date June 30, 2020 2021 2022 2022 2023 Sales: Memorialization $ 656,035 $ 769,016 $ 840,124 $ 633,868 $ 638,119 Industrial Technologies 228,4

  6. Slide 6: Industrial Technologies

    © 2023 Matthews International Corporation. All Rights Reserved. INDUSTRIAL TECHNOLOGIES 6 15.5% 12.4% 15.6%10.3% ($ in millions) $78.4 $130.5 Q3 FY2022 Q3 FY2023 $230.9 $365.2 FY2022 FY2023 $11.8 $15.0 Q3 FY2022 Q3 FY2023 $33.4 $42.8 FY2022 FY2023 15.1% 11.5% 14.5% 11.7% Q3 Sales Q3 Adjusted EBITDA

  7. Slide 7: Memorialization

    © 2023 Matthews International Corporation. All Rights Reserved. MEMORIALIZATION 7 23.0% 21.1% $203.2 $208.7 Q3 FY2022 Q3 FY2023 $633.9 $638.1 FY2022 FY2023 $32.1 $39.9 Q3 FY2022 Q3 FY2023 $118.4 $127.1 FY2022 FY2023 15.8% 19.1% 18.7% 19.9% ($ in millions) Q3 Sales Q3 Adjusted EBITDA & Margin* YTD Sa

  8. Slide 8: SGK Brand Solutions

    © 2023 Matthews International Corporation. All Rights Reserved. SGK BRAND SOLUTIONS ($ in millions) 8 15.4% 12.9% $140.1 $132.6 Q3 FY2022 Q3 FY2023 $440.5 $397.4 FY2022 FY2023 $14.5 $16.4 Q3 FY2022 Q3 FY2023 $43.4 $39.6 FY2022 FY2023 12.3%10.4% 9.9% 10.0% Q3 Sales Q3 Adjusted EBITDA & Margin* YTD Sa

  9. Slide 9: Appendix

    © 2023 Matthews International Corporation. All Rights Reserved. 9 APPENDIX

  10. Slide 10: Non-GAAP Reconciliation – Adjusted EBITDA (Appendix A)

    © 2023 Matthews International Corporation. All Rights Reserved. NON-GAAP RECONCILIATION (Unaudited) 10 APPENDIX A T T L ADJUSTED EBITDA Fiscal Year Ended September 30, Year to Date June 30, 2020 2021 2022 2022 2023 Net (loss) income $ (87,652) $ 2,858 $ (99,828) $ (18,871) $ 21,443 Income tax (benef

  11. Slide 11: Adjusted Net Income & Earnings Per Share Reconciliation (Appendix B)

    © 2023 Matthews International Corporation. All Rights Reserved. 11 APPENDIX B ADJUSTED NET INCOME & EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) Fiscal Year Ended September 30, Year to Date June 30, 2020 2021 2022 2022 2023 per share per share per share per share Net (loss) income attribut

  12. Slide 12: Net Debt & Net Debt Leverage Ratio Reconciliation (Appendix C)

    © 2023 Matthews International Corporation. All Rights Reserved. 12 APPENDIX C NET DEBT & NET DEBT LEVERAGE RATIO NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) Fiscal Year Ended September 30, June 30, 2020 2021 2022 2023 Long-term debt, current maturities $ 26,824 $ 4,624 $ 3,277 $ 2,941

  13. Slide 13: Free Cash Flow Reconciliation (Appendix D)

    © 2023 Matthews International Corporation. All Rights Reserved. 13 APPENDIX D FREE CASH FLOW NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) Fiscal Year Ended September 30, Nine Months Ended June 30, 20232020 2021 2022 Cash Provided from Operating Activities $ 180,447 $ 162,811 $ 126,860

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