1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the...

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Solutions that Protect and Promote the Worlds Great Brands 1Q 2016 Earnings Webcast

Transcript of 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the...

Page 1: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that Protect and Promote the Worlds Great Brands

1Q 2016 Earnings Webcast

Page 2: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 2

Revenue(US$ thousands)

$459,051 $394,082

$459,051 $521,251

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

1Q 2016 1Q 2015

GAAP Pro Forma

Sales Change (Mil US$)

Pro forma

Foreign Exchange (34.4)$

2 Consumer Prod Companies (15.3)

1 Toy Related Project (14.7)

Tobacco Related (4.1)

Other Media (8.1)

Other increases 14.4

Increase (Decrease) (62.2)$

Page 3: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 3

Gross Margin(US$ thousands)

$99,341

$82,383

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

1Q 2016 1Q 2015

20.9%

21.6%

Page 4: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 4

Operating Income(US$ thousands)

$40,679

$26,203

$-

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

1Q 2016 1Q 2015

6.6%

8.9%

Page 5: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 5

Net Income attributable to MPS(US$ thousands)

$13,007

$7,007

$-

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

Q1 2016 Q1 2015

Page 6: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 6

Basic and Diluted EPS

$0.21

$0.11

$-

$0.05

$0.10

$0.15

$0.20

$0.25

1Q 2016 1Q 2015

Page 7: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 7

Cash Provided by Operating Activities and Capital Expenditures

(US$ thousands)

$33,019

$1,848

$12,321 $10,486

$-

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

1Q 2016 1Q 2015

Cash Provided by Operating Activities

Capital Expenditures

2.7% of

Sales

2.7% of

Sales

Page 8: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 8

EBITDA and Adjusted EBITDA(US$ thousands)

$70,355 $62,569

$77,196

$61,170

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

Q1 2016 Q1 2015

EBITDA Adjusted EBITDA

15.9%

16.8%

15.3%

15.5%

Page 9: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that Protect and Promote the Worlds Great Brands

1Q 2016 Earnings Webcast

AppendixDepreciation and Amortization

Adjusted EBITDA to Net Income ReconciliationDebt Summary

Page 10: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 10

Depreciation and Amortization(US$ thousands)

$19,247 $19,415

$15,285 $14,428

$-

$5,000

$10,000

$15,000

$20,000

$25,000

1Q 2016 1Q 2015

Depreciation Amortization

Page 11: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that protect and promote the world‘s great brands 11

Adjusted EBITDA Reconciliation(US$ thousands)

(Dollars in thousands) Notes 1Q 2016 1Q 2015

Adjusted EBITDA 77,196$ 61,170$

Transaction costs (1) (350) (721)

Stock based and deferred compensation (2) 272 (431)

Purchase accounting adjustments (3) (331) (476)

Restructuring charges (4) (2,826) (704)

Gain (Loss) on sale of fixed assets (5) (194) 64

Impairment charges (6) (245) -

Other Adjustments (7) (3,167) 3,667

EBITDA 70,355 62,569

Depreciation and Amortization (8) 33,311 33,047

Interest Expense 18,729 18,540

Income Taxes 5,231 3,694

Net Income (loss) 13,084$ 7,288$

Notes:

(1) Costs related to change in equity ownership, mergers and acquisitions.

(2) Expense related to equity compensation, and deferred compensation agreements from certain acquisitions.

(3) Amortization of purchase price/inventory adjustments in connection with purchase accounting fair valuation,

amortizaton of deferred revenue related to government grants and fair valuue lease amortization as of

the applicable acquisition date balance sheet.

(4) Costs related to reorganization and plant closures.

(5) Gains or losses incurred due to the sale for fixed assets.

(6) Impairment losses on decommissioned and non saleable fixed assets.

(7) Currency gains or (losses), gains or (losses) on derivatives, other interest costs and contract amortization.

(8) Does not include deferred finance costs included in interest expense.

Page 12: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

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Debt Summary(US$ thousands)

Balances Balances IPO and Post IPO

at at Oct $25M and

6/30/2015 9/30/2015 Payment Payment

Revolver -$ -$ -$ -$

Foreign Credit Lines 3,488 4,732 - 4,732

Term Debt

US$ 580,645 579,175 (109,481) 469,694

GBP 224,036 215,481 (61,737) 153,744

Euro 189,984 190,215 (36,195) 154,020

Foreign Notes on Equipment 7,724 7,258 - 7,258

Capital leases 2,782 2,231 - 2,231

Bonds Payable 200,000 200,000 - 200,000

Total Debt 1,208,659 1,199,092 (207,413) 991,679

Cash (55,675) (75,279) 25,000 (50,279)

Total Net Debt 1,152,984 1,123,813 (182,413) 941,400

Debt Discount Unamortized Cost (20,270) (19,103) - (19,103)

Total 1,132,714$ 1,104,710$ (182,413)$ 922,297$

Page 13: 1Q 2016 Earnings Webcast · 1Q 2016 Earnings Webcast. Solutions that protect and promote the world‘s great brands 2 Revenue (US$ thousands) $459,051 $394,082 $459,051 $521,251 $0

Solutions that Protect and Promote the Worlds Great Brands

First Quarter Ended September 30, 2015 Earnings Webcast

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