Atkore Inc. · NYSE:ATKR

Atkore — Investor Presentation (May 2023)

23 slides from Atkore's investor presentation, May 19, 2023

Slide 2: Forward-looking statements disclaimer
This presentation is provided for general informational purposes only and it does not include every item which may be of interest, nor does it purport to present full and fair disclosure with respect to Atkore Inc. (the “Company” or “Atkore”) or its operational and financial information. Atkore expr
Slide 3: Atkore: a Compelling Investment
3© Atkore Atkore: a Compelling Investment Disciplined Operational Focus Values-based organization driven by the Atkore Business System Track Record of Success Strong track record of earnings growth, increasing free cash flow and excellent return on capital Market Leadership Leading market share in k
Slide 5: Our Products Are All Around You
5© Atkore Our Products Are All Around You HDPE Conduit Wire Basket Cable Tray & Fittings Telescoping Sign Support System Cable Tray, Ladder & Fittings Steel Conduit & Fittings PVC and Metal Trunking Electrical Prefabrication Flexible & Liquid Tight Electrical Conduit Industrial Flexible Electrical C
Slide 6: Our Business Has Transformed Since IPO
6© Atkore Transformed sales mix to drive significant revenue growth and profitability through organic and inorganic activities while increasing our total addressable market opportunity Our Business Has Transformed Since IPO 1. See non-GAAP reconciliation in appendix. 2. Sales of “Other Electrical pr
Slide 7: Growth Driven by Atkore Business System
7© Atkore Growth Driven by Atkore Business System 1. See non-GAAP reconciliation in appendix. Historical Adjusted EBITDA1 Bridge Historical Net Sales Bridge $101 $1,924 $593 $21 $15 2017 PriceVolume/Mix $1,504M M&A Divestitures Other 2022 $3,914M $757 $229 $5 $93 $585 2017 Volume/Mix DivestituresPri
Slide 8: Solid Results in Q2 2023
8© Atkore Solid Results in Q2 2023 1. See non-GAAP reconciliation in appendix. 455.7 639.5 982.6 833.8 895.9 Q2 2023 Q2 2020 Q2 2021 Q2 2022 Q1 2023 +7.4% 39.2 124.9 233.5 173.5 174.2 Q2 2020 Q1 2023 Q2 2023 Q2 2021 Q2 2022 +0.4% 87.0 193.4 346.2 263.8 276.0 Q2 2020 Q2 2021 Q2 2022 Q1 2023 Q2 2023 +
Slide 9: Diversity of End-Market Use Enables Resilience
9© Atkore Diversity of End-Market Use Enables Resilience Non-Residential Construction (Global) Residential (U.S.) OEM / OTHER Commercial & Industrial Institutional Data Centers & Warehouses Utility Multi-Family Single Family Plastic Pipe, Conduit & Fittings Metal Electrical Conduit & Fittings Metal
Slide 10: Executing Our Conduits of Growth
10© Atkore Executing Our Conduits of Growth Funnel of targets remains robust Maintaining disciplined approach to valuation Atkore is well positioned as a buyer given the strength of our balance sheet Strong growth in solar related products in Q2 Capital investment projects in Dallas facility progres
Slide 11: HDPE Products Expected to Drive Growth
11© Atkore Between recent organic and inorganic investments, we expect our HDPE related products to be a strong driver of growth for the next several years given the secular tailwinds behind the products and our execution of the Atkore Business System HDPE Products Expected to Drive Growth HDPE Prod
Slide 12: New Large Tube Capacity & Capabilities Provide Opportunity
12© Atkore New Large Tube Capacity & Capabilities Provide Opportunity Solar megatrend represents a growth and category expansion opportunity — leveraging recent capability and capacity investments for mechanical tubing products that can be used in renewable energy applications. In May 2022, unveiled
Slide 13: Capital Deployment Framework
13© Atkore Capital Deployment Framework 1. Plan announced in November 2021. Capital Deployment Focused on Driving Growth in Adjusted Diluted EPS Capital Deployment Model – FY 2023 & Forward Capital Expenditures, Organic Growth, and Capacity Investments M&A Stock Repurchases Priority Uses for Capital
Slide 14: Cash Flow from Operating Activities
14© Atkore Cash Flow from Operating Activities FY23 YTD Cash Bridge FY23 Cash Flow Summary $389M $354M $403M $73M $83M $269M $13M FY22 YE Cash Balance Cash Flow From Operating Activities M&ACapital Expenditures Stock Repurchases Net Other Uses of Cash FY23 YTD Cash Balance $161M $403M FY22 YTD FY23
Slide 15: Gross Debt to Adjusted EBITDA and Debt Maturity Profile
15© Atkore Gross Debt to Adjusted EBITDA1 Debt Maturity Profile, $M Balance Sheet Summary 1. See non-GAAP reconciliation in appendix. 325 373 400 20292027 20302026 2028 2031 Undrawn Asset Based Loan Senior Secured Term Loan Senior Notes 3.3 2.6 2.5 0.8 0.6 0.6 FY 18 FY 21FY 20 FY 22 TTM Mar 2023FY 1
Slide 16: Atkore: a Compelling Investment
16© Atkore Atkore: a Compelling Investment Disciplined Operational Focus Values-based organization driven by the Atkore Business System Track Record of Success Strong track record of earnings growth, increasing free cash flow and excellent return on capital Market Leadership Leading market share in
Slide 18: Net Income to Adjusted EBITDA Reconciliation
18© Atkore Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Fiscal Year Ended (in thousands) September 30, 2022 September 30, 2021 September 30, 2020 September 30, 2019 September 30, 2018 September 30, 2017 Net income $ 913,434 $ 587,857 $ 152,302 $ 139,051 $ 136,645 $ 84,639 In
Slide 19: Net Income to Adjusted EBITDA Reconciliation (Quarterly)
19© Atkore Net Income to Adjusted EBITDA Reconciliation Consolidated Atkore Inc. Three months ended (in thousands) March 31, 2023 December 30, 2022 March 25, 2022 March 26, 2021 March 27, 2020 Net income $ 174,194 $ 173,492 $ 233,477 $ 124,933 $ 39,193 Interest expense, net 8,475 9,488 7,514 8,416 1
Slide 20: Adjusted Diluted EPS Reconciliation
20© Atkore Adjusted Diluted EPS Reconciliation Consolidated Atkore Inc. Three months ended (in thousands, except per share data) March 31, 2023 December 30, 2022 March 25, 2022 March 26, 2021 March 27, 2020 Net income $ 174,194 $ 173,492 $ 233,477 $ 124,933 $ 39,193 Stock-based compensation 6,863 5,
Slide 21: Trailing Twelve Month Adjusted EBITDA
21© Atkore Trailing Twelve Month Adjusted EBITDA Consolidated Atkore Inc. TTM Three months ended (in thousands) March 31, 2023 March 31, 2023 December 30, 2022 September 30, 2022 June 24, 2022 Net income $ 822,801 $ 174,194 $ 173,492 $ 220,802 $ 254,313 Interest expense, net 34,206 8,475 9,488 9,000
Slide 22: Net Debt to Total Debt and Leverage Ratio
22© Atkore Net Debt to Total Debt and Leverage Ratio Consolidated Atkore Inc. ($ in thousands) March 31, 2023 September 30, 2022 September 30, 2021 September 30, 2020 September 30, 2019 September 30, 2018 Short-term debt and current maturities of long-term debt $ — $ — $ — $ — $ — $ 26,561 Long-term

Atkore — Investor Presentation (May 2023) on 6ix

Atkore — Investor Presentation (May 2023)

Slide 1: Investor Presentation & Company Overview May 2023

Slide 2: Forward-looking statements disclaimer

Slide 3: Atkore: a Compelling Investment

Slide 4: Our Foundation Is the Atkore Business System

Slide 5: Our Products Are All Around You

Slide 6: Our Business Has Transformed Since IPO

Slide 7: Growth Driven by Atkore Business System

Slide 8: Solid Results in Q2 2023

Slide 9: Diversity of End-Market Use Enables Resilience

Slide 10: Executing Our Conduits of Growth

Slide 11: HDPE Products Expected to Drive Growth

Slide 12: New Large Tube Capacity & Capabilities Provide Opportunity

Slide 13: Capital Deployment Framework

Slide 14: Cash Flow from Operating Activities

Slide 15: Gross Debt to Adjusted EBITDA and Debt Maturity Profile

Slide 16: Atkore: a Compelling Investment

Slide 17: Questions?

Slide 18: Net Income to Adjusted EBITDA Reconciliation

Slide 19: Net Income to Adjusted EBITDA Reconciliation (Quarterly)

Slide 20: Adjusted Diluted EPS Reconciliation

Slide 21: Trailing Twelve Month Adjusted EBITDA

Slide 22: Net Debt to Total Debt and Leverage Ratio

Slide 23: atkore.com