Milacron — Merger or Acquisition (November 2019)
12 slides from Milacron's merger presentation, Nov 14, 2019
Slide 1: Cautionary Statements
Cautionary Statements 2 This presentation contains statements, including statements regarding the proposed acquisition of Milacron Holdings Corp. (“Milacron”) by Hillenbrand, Inc. (“Hillenbrand”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act o
Slide 2: Cautionary Statements: Additional Information and Where to Find It
Cautionary Statements 3 Additional Information and Where to Find It In connection with the proposed acquisition by Hillenbrand of Milacron (the “Proposed Transaction”), Hillenbrand has filed with the SEC a registration statement on Form S-4 to register the shares of Hillenbrand’s common stock to be
Slide 3: Hillenbrand Mission, Vision & Profitable Growth Strategy
4 Superior Return for Shareholders Responsibility to Communities Great Professional Opportunities for Employees Exceptional Value to Customers A World-Class, Global Diversified Industrial Company with a Proven Record of Success Driven by the Hillenbrand Operating Model Strengthen & Build Platforms O
Slide 4: Acquisition of Milacron Provides Compelling Strategic and Financial Benefits
Acquisition of Milacron Provides Compelling Strategic and Financial Benefits 5 A pivotal step in Hillenbrand's vision to become a world-class global diversified industrial company Enhances Growth Opportunities with Leading Brands and New Technologies Adds Complementary Businesses; Increases Scale an
Slide 5: Stronger Position Across the Plastics Value Chain
Plastics Value Chain 6 Stronger Position Across the Plastics Value Chain to Capitalize on New Opportunities Milacron Strengthens Position Across Plastics Value Chain Innovation in Biodegradable Plastics and Recycling New Capabilities in Molding and Extrusion to Produce End Products Full System Provi
Slide 6: Q4 FY 2019 Highlights
Q4 FY 2019 Highlights Consolidated Q4 2019 Highlights Revenue of $486 million increased 2% compared to prior year GAAP EPS of $0.39 decreased $0.31 primarily as a result of business acquisition costs and restructuring charges; adjusted EPS1 of $0.76 increased 13% compared to prior year PEG Q4 2019 H
Slide 7: Consolidated Financial Performance – Q4 2019
8 Consolidated Financial Performance – Q4 2019 GAAP & Adjusted EPS2 Net Income1 Revenue Operating Cash Flow Q4 2018 Q4 2019 Q4 2019 Q4 2018 Q4 2018 Q4 2019 $0.70 $0.76 GAAP EPS Adj. EPS GAAP EPS $0.39 Q4 2018 Q4 2019 1Net Income attributable to Hillenbrand 2Adjusted EPS, adjusted EBITDA, and adjuste
Slide 8: Consolidated Financial Performance – FY 2019
9 Consolidated Financial Performance – FY 2019 GAAP & Adjusted EPS2 Net Income1 Revenue Operating Cash Flow FY 2018 FY 2019 FY 2018 FY 2019 $2.43 FY 2018 FY 2019 $2.45 Adj. EPS Adj. EPS GAAP EPS $1.92 GAAP EPS $1.20 FY 2019 FY 2018 1Net Income attributable to Hillenbrand 2Adjusted EPS, adjusted EBIT
Slide 9: Disclosure Regarding Non-GAAP Measures
Disclosure Regarding Non-GAAP Measures See below for a reconciliation from GAAP operating performance measures to the most directly comparable non-GAAP (adjusted) performance measures. Given that there is no GAAP financial measure comparable to backlog, a quantitative reconciliation is not provided.
Slide 10: Reconciliation of Adjusted EBITDA to Consolidated Net Income
Q4 FY19 & Q4 FY18 Reconciliation of Adjusted EBITDA to Consolidated Net Income 11 $ in millions 2019 2018 2019 2018 Adjusted EBITDA: Process Equipment Group 66.7 $ 62.1 $ 223.3 $ 215.8 $ Batesville 30.6 28.7 114.2 120.8 Corporate (10.5) (9.4) (42.2) (42.3) Less: Interest income (0.4) (0.3) (1.1) (1.
Slide 11: Reconciliation of Non-GAAP Measures
Q4 FY19 & Q4 FY18 Reconciliation of Non-GAAP Measures 12 (1) Net income attributable to Hillenbrand (2) The revaluation of the deferred tax balances, the tax on unremitted foreign earnings, and change in deferred tax liability as a result of revising our permanent reinvestment assertion on earnings
Slide 12: Free Cash Flow and Free Cash Flow to Net Income
Free Cash Flow and Free Cash Flow to Net Income Conversion Rate Computations Months Ended 2019 Net cash provided by operating activities $ 178.9 Less: Capital expenditures Free cash flow Consolidated net income Free cash flow to net income conversion rate 122% Sin miions HILLENBRAND |04 10 Eaneos re
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