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2019 Fourth Quarter Earnings Call Exhibit 99.2

2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

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Page 1: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

2019 Fourth QuarterEarnings Call

Exhibit 99.2

Page 2: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

DISCLOSURE NOTICE

This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-lookingstatements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from thoseindicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" sectionof the Company's latest Form 10-K. In addition, the forward-looking statements included in this presentation represent the Company's views as of the date ofthis presentation and these views could change. However, while the Company may elect to update these forward-looking statements at some point, theCompany specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be reliedupon as representing the Company's views as of any date subsequent to the date of this presentation.

This presentation contains references to certain financial measures that are not presented in accordance with United States Generally Accepted AccountingPrinciples (“GAAP"). The Company uses non-GAAP financial measures to evaluate financial performance, analyze underlying business trends and establishoperational goals and forecasts that are used when allocating resources. The Company believes these non-GAAP financial measures permit investors to betterunderstand changes in underlying operating performance over comparative periods by providing financial results that are unaffected by cyclical variances thatcan be driven by items such as investment activity or purchase accounting adjustments. While the Company believes these measures are useful to investorswhen evaluating performance, they are not prepared and presented in accordance with GAAP, and therefore should be considered supplemental in nature. TheCompany’s non-GAAP financial measures should not be considered in isolation or as a substitute for other financial performance measures presented inaccordance with GAAP. These non-GAAP financial measures may have material limitations including, but not limited to, the exclusion of certain costs without acorresponding reduction of net income for the income generated by the assets to which the excluded costs are related. In addition, these non-GAAP financialmeasures may differ from similarly titled measures presented by other companies.

A reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure can be found in the Appendix as well asCompany’s latest Form 8-K, filed with the SEC on November 25, 2019.

| www.becn.com2

Page 3: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

‒ Introduction and Opening CommentsJulian Francis, President & CEO

‒ Q4 Results and OutlookJoe Nowicki, Executive Vice President & CFO

‒ Q&A

CONFERENCE CALL AGENDA

| www.becn.com3

Page 4: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

Great team

A market leading position

Long-term track record of performance

Strong operating cash flow

Attractive opportunity

BEACON: FIRST IMPRESSIONS

| www.becn.com4

Page 5: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

FOURTH QUARTER 2019 HIGHLIGHTS

Q4 net sales of $2.03B; 3.2% daily organic growth over prior year

Existing market residential daily sales growth of 11.5% over prior year

Operating cash generation of more than $400M, reduced Net Debt by $393M

Improvements to capital structure; refinanced $300M of Sr. notes

1 Defined as gross debt less cash. Decrease in gross debt and increase cash from 6/30/2019 to 9/30/2019 was $348.4 million and $44.6 million, respectively.

1

| www.becn.com5

Page 6: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

REALIZING BEACON’S FULL POTENTIAL

Growing customer base

Leveraging omni-channel and e-commerce

Optimizing branch network

Capitalizing on geographic scope and scale

| www.becn.com6

Page 7: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

SIGNIFICANT SALES GROWTH AND MARGIN EXPANSION

Gross Margin($M)

| www.becn.com7

21.5%

22.0%

22.5%

23.0%

23.5%

24.0%

24.5%

25.0%

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

FY14 FY15 FY16 FY17 FY18 FY19

Gross Margin $ Gross Margin %

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

FY14 FY15 FY16 FY17 FY18 FY19

Sales $

Sales ($M)

Page 8: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

STRONG CASH GENERATOROperating Cash Flow – Cumulative 3 Years

$0

$200

$400

$600

$800

$1,000

$1,200

FY 15-17 FY 16-18 FY 17-19

$545

$975$1,067

• Generated ~$1.1B in operating cash flow over three years

• Net Debt reduction in Q4 was $393M

• Improved the capital structure:

• Refinanced existing bonds• Issued $300M of 8 yr. Sr. Secured HY notes @ 4.5%• Replaces 2023 notes @ 6.375%• Lowered interest rate by ~190 bps.• Extends maturity 3 years

• Fixed $500M of Term B loan at rate of ~3.75%

24.3% 25.4%24.3% 25.4%($M)

| www.becn.com8

Page 9: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

SUMMARY Significant Positives in Q4 and Fiscal 2019

Daily organic residential sales grew 11.5% in the quarterDemonstrated good operating leverage, improving 40 bps. over the prior yearRobust operating cash flow – almost $1.1 billion in total over the last 3 years Integration activities complete

Looking forward to FY20

Pivot focus to organic growthNew customers across our branch networkImproving branch operating performanceExpanding on our industry-leading digital platform

FY20 and beyond…realizing our potential| www.becn.com9

*

* On an adjusted basis – see Appendix.

Page 10: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

Q&A

Page 11: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

| www.becn.com11

APPENDIX

Page 12: 2019 Fourth Quarter Earnings CallA market leading position ... Growing customer base ... • FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of

RECONCILIATIONS: NON-GAAP FINANCIAL MEASURES

Adjusted EBITDA is defined as net income plus interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, acquisition costs, and business restructuring costs.

Adjusted Operating Expense is calculated by removing the impact of acquisition costs and business restructuring costs from Existing Markets operating expense (as reported on a GAAP basis).

Non-GAAP Adjustment totals are detailed as follows:• FY19 adjustments to Existing Markets operating expense are composed of $51.1 million of amortization expense,

$3.8 million of selling, general, and administrative costs related to acquisitions, and $2.4 million of business restructuring costs.

• FY18 adjustments to Existing Markets operating expense are composed of $35.5 million of amortization expense and $10.6 million of selling, general, and administrative costs related to acquisitions.

Adjusted EBITDA Adjusted Operating Expense

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($M)2019 2018

Net income (loss) 27.4$ 48.3$ Interest expense, net 38.4 38.8 Income taxes 20.9 22.8 Depreciation and amortization 69.5 54.5 Stock-based compensation 3.5 3.3 Acquisition costs 3.8 10.6 Business restructuring costs 5.7 -

Adjusted EBITDA 169.1$ 178.3$

Adjusted EBITDA as a % of net sales 8.3% 9.2%

Three Months Ended September 30, ($M)

Reported(GAAP)

Non-GAAPAdjustments

Adjusted(Non-GAAP)

Reported(GAAP)

Non-GAAPAdjustments

Adjusted(Non-GAAP)

Existing Markets Sales 2,018.5$ -$ 2,018.5$ 1,925.8$ -$ 1,925.8$

Existing Markets Operating Expense 401.0 (57.3) 343.7 381.2 (46.1) 335.1 OpEx as % of Sales 19.9% 17.0% 19.8% 17.4%

Three Months Ended September 30, 2019 Three Months Ended September 30, 2018