Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q4 2024 Earnings Presentation
14 slides from Advanced Drainage Systems's earnings presentation, May 16, 2024
Slide 1: Q4 Fiscal 2024 Financial Results
/IBDS Q4 Fiscal 2024 Financial Results May 16, 2024
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Allison Justice Director, Investor Relations ISDS.
Slide 3: Forward Looking Statements and Non-GAAP Financial Metrics
Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projection
Slide 4: Fiscal Year 2024 Results
Fiscal Year 2024 Results Key Metric FY 2024 Guidance FY 2024 Results Not eee $2,800 - $2,850 $2,874 (in Millions) Adj. EBITDA _ (in Millions) $880 - $910 $023 Adj. EBITDA Margin 31.4% - 31.9% 321% Revenue by End Market International T% Sales Results Agriculture om Non-Residential Non-Residential Con
Slide 5: Secular Tailwind from Changing Climate Patterns
Secular Tailwind from Changing Climate Patterns MIDS Supporting Resilient Communities ‘Aquifer : Recharging Flooding Food Security Water Scarcity ISDS. Billion Dollar Storm Events in the U.S. 1980 to 2023 J 5 oF | iil j 1 i| Heit ll i P OUedERE TERE to) SCNT ESRSONT ER MONTEHRONYL NOE SSSSSSSssSssss
Slide 6: CEO Highlights
CEO Highlights Q4 Fiscal 2024 Revenue Sales . asso 6 $530 I os ae ADS Legacy Infitrator MQ4FY24 BQ4FY23 ° Infiltrator business and Allied products portfolio continued to perform better than expectations. Legacy ADS pipe business performed in line with expectations. Overall pricing environment remain
Slide 7: Q4 Fiscal 2024 Financial Performance
Q4 Fiscal 2024 Financial Performance Revenue Revenue Performance (USD, ln millons) aoe By Business Domestic Markets $618. + ADS Legacy +3% + Construction +6% % ‘Pisa 43% + Non-Residential H1% + Allied Products +3% # Beskdential pili * lifitrator 422% + Infrastructure +8% Q4 FY24 Q4 FY23 + Agricultur
Slide 8: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow “) FY 2024 FY 2023 A Consolidated Adjusted EBITDA $923 $904 $19 Working capital? 34 48 (14) Cash tax (161) (167) 6 Cash interest (87) (60) (27) Transaction costs® (3) (4) 1 Other 12 (13) 25 Consolidated cash flow from operations $718 $708 $10 Capit
Slide 9: Fiscal Year 2025 Guidance
Fiscal Year 2025 Guidance Fiscal 2025 Expectations Key Metric FY 2024 FY 2025 Y-o-Y Change Net Sales $2,874 $2,925 - $3,025 42% to +5% fal, BEIT $928 $940 - $980 42% to +6% Adj. EBITDA Margin 32.1% 32.1% - 32.4% ore ISDS.
Slide 10: Q&A
Slide 11: Appendix
Appendix /IBDS
Slide 12: Fiscal 2024 Financial Performance
Fiscal 2024 Financial Performance Revenue Revenue Performance iG) “nme By Business PK - ADS Legacy - Pipe - Allied Products eyo4 eyo3 + Infiltrator $904.0 ($45.3) — 29.4% FY24 FY23 FY23 Volume NEPTIS, sn nina wnt tes eon estos east cms Domestic Markets e%) =,Construction (10%) - Non-Residential (2%)
Slide 13: Reconciliations
Reconciliations ‘Three Months Ended March 31, 2024 - March 31, 2023 _ Net Sales from Net Sales from Intersegment Net External Intersegment Net External (In thousands) Net Sales Sales Customers Net Sales Sales ___ Customers Pipe 5 369,316 $ (10,656) $ 358,660 $ 357,407 $ (10,289) $ 347,118 Infiltrato
Slide 14: Reconciliations Notes
Reconciliations 14 Notes: a) Represents expenses recorded related to legal, accounting and other professional fees incurred in connection with business or asset acquisitions and dispositions. b) Includes derivative fair value adjustments, foreign currency transaction (gains) losses, the proportionat
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