Advanced Drainage Systems, Inc. · NYSE:WMS
Advanced Drainage Systems — Q1 2027 Earnings Presentation
13 slides from Advanced Drainage Systems's earnings presentation, Aug 6, 2026
Slide 1: Q1 Fiscal 2027 Financial Results
Q1 Fiscal 2027 Financial Results August 6, 2026
Slide 2: Management Presenters
Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Craig Taylor President, Infiltrator Water Technologies Mike Higgins Vice President, Corporate Strategy & Investor Relations 2
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 fac ts but rather are based on the Company’s current expectations, estimates and proje
Slide 4: CEO Highlights
CEO Highlights Q1 Fiscal 2027 Revenue Q1 Fiscal 2027 Profitability Sales Adjusted EBITDA Margin • Stormwater revenue includes $95 • Continued favorable volume +24% +230 bps million from NDS acquisition. and price/cost performance. $809 35.8% $652 • Stormwater organic revenue +10%, with 33.5% • Favor
Slide 5: Q1 Fiscal 2027 Financial Performance
Q1 Fiscal 2027 Financial Performance Revenue Revenue Performance (USD, in millions) +21% By Business Domestic Markets $1,001 + Stormwater +24% + Construction +20% $830 + Non - Residential +16% + Pipe +9% + Allied Products +59% + Residential +29% + Infrastructure +7% + Wastewater +8% Q1 FY27 Q1 FY26
Slide 6: Free Cash Flow and Capital Structure
Free Cash Flow and Capital Structure Free Cash Flow (¹) FY 2027 FY 2026 ∆ Consolidated Adjusted EBITDA $358 $278 $80 Working capital (2) (53) (8) (45) Cash tax (1) (1) 0 Cash interest – paid (11) (10) (1) Cash interest – received 1 5 (4) Transaction costs (3) (3) (1) (2) Other (31) 12 (43) Consolida
Slide 7: Fiscal Year 2027 Guidance
Fiscal Year 2027 Guidance Fiscal 2027 Expectations Key Metric FY 2026 FY 2027 Y - o- Y Change Net Sales $3,050 $3,350 - $3,550 +10% to +16% (in Millions) Adj. EBITDA $963 $1,000 - $1,050 +4% to +9% (in Millions) Adj. EBITDA Margin 31.6% 29.6% - 29.9% (170) to (200) bps 7
Slide 8: Q&A
Q&A
Slide 9: Appendix
Appendix IPDS
Slide 10: Fiscal 2027 Market Expectations
Fiscal 2027 Market Expectations End Market Assumption Commentary • Economic/geopolitical uncertainty weighing on Non - Residential Flat to up low - single digits market, though market is fairly stable overall • Large project activity still going well • Interest rates and economic/geopolitical uncert
Slide 11: Reconciliations
Reconciliations Three Months Ended June 30, 2026 (Amount in thousands) Intersegment Net Sales: Stormwater Wastewater Eliminations Total Net sales from external customers $ 809,376 $ 191,736 $ - $ 1,001,112 Intersegment net sales 11,566 17,184 (28,750) - Net Sales 820,942 208,920 (28,750) 1,001,112 S
Slide 12: Reconciliations
Reconciliations Three Months Ended June 30, 2025 (Amount in thousands) Intersegment Net Sales: Stormwater Wastewater Eliminations Total Net sales from external customers $ 651,527 $ 178,353 $ - $ 829,880 Intersegment net sales 9,076 16,609 (25,685) - Net Sales 660,603 194,962 (25,685) 829,880 Signif
Slide 13: Reconciliations
Reconciliations Three Months Ended June 30, (Amounts in thousands) 2026 2025 Net income from continuing operations $ 176,568 $ 144,091 Depreciation and amortization 62,157 50,228 Interest expense 27,040 23,029 Income tax expense 53,689 46,674 EBITDA 319,454 264,022 Restructuring and realignment expe
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