BMC Stock — Q3 2020 Earnings Presentation
13 slides from BMC Stock's earnings presentation, Nov 3, 2020
Slide 1: BMC Stock Holdings, Inc. Q3 2020 Earnings
BMC STOCK HOLDINGS, INC. Q3 2020 Earnings November 3, 2020 Filed by BMC Stock Holdings, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: BMC Stock Holdings, Inc. Filer’s SEC File No.: 001-36
Slide 2: Non-GAAP (Adjusted) Financial Measures
Non-GAAP (Adjusted) Financial Measures Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income and Adjusted diluted earnings per share are intended as supplemental measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. The Company believes that Ad
Slide 3: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This communication, in addition to historical information, contains “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995) regarding, among other things, future events or the future financial performanc
Slide 4: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements Additional information concerning other risk factors pertaining to BMC and Builders FirstSource is also contained in the parties’ respective most recently filed Annual Reports on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Repo
Slide 5: Record Third Quarter 2020 Results
Net Sales ($M) Adj. EBITDA1 ($M) & Margin1 (%) Record THIRD quarter 2020 results Driven by steadfast execution of strategy AND INFLATION, while accelerating productivity and structural cost savings Q3 2020 Highlights Net sales increased 13.1%, primarily driven by price inflation and acquisitions Gro
Slide 6: Sharpening the Focus on Our Growth Strategies
Sharpening the Focus on Our Growth Strategies SOLID BALANCE SHEET PROVIDES FOUNDATION FOR GROWTH Organic Growth of Value-Added Products and Segments Balance Customer Portfolio Maximize Single Family Potential Grow Multi-Family in Select Markets Grow Pro Remodeling Segment Increase Mix of Value-Added
Slide 7: Q3 2020 Financial Results
Q3 2020 FINANCIAL RESULTS Q3 Sales Bridge ($m) Q3 Adjusted EBITDA1 Bridge ($m) Q3 2020 Commentary Total 3Q20 net sales increase of 13.1% 10.0% growth from inflation 3.5% from acquisitions 0.6% from Core Organic Growth2 (1.0%) from closed facilities Double-digit sales growth in Single-family homebuil
Slide 8: Double-Digit Sales Growth in October; Merger Proceeding on Schedule
DOUBLE-DIGIT SALES GROWTH IN OCTOBER; MERGER PROCEEDING ON SCHEDULE October 2020 The Company continues to see strong underlying demand in the single-family and remodeling sectors Most builders are seeing increased buyer traffic and new home orders The Company’s business momentum continued in October
Slide 9: (©2020 BMC. AllRights Reserved
(©2020 BMC. AllRights Reserved
Slide 10: Net sales by product category & customer type
Net sales by product category & customer type
Slide 11: Reported (GAAP) Income Statement
Reported (GAAP) Income Statement (a) Represents system integration and other costs related to the integration of Building Materials Holding Corporation and Stock Building Supply Holdings, Inc. as a result of the 2015 merger transaction.
Slide 12: Reconciliation of Non-GAAP Items: Adj. EBITDA, Net Debt
Reconciliation of Non-GAAP Items Adj. EBITDA, Net Debt & Net Debt to LTM Adj. EBITDA Ratio (a) Represents costs for acquisitions and related integration costs, as well as system integration and other costs related to the integration of Building Materials Holding Corporation and Stock Building Supply
Slide 13: Reconciliation of Non-GAAP Items: Adj. Net Income and Adj. Diluted EPS
Reconciliation of Non-GAAP Items Adj. Net Income and Adj. Diluted EPS Represents costs for acquisitions and related integration costs, as well as system integration and other costs related to the integration of Building Materials Holding Corporation and Stock Building Supply Holdings, Inc. as a resu