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Solutions that Protect and Promote the Worlds Great Brands
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
$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)$
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
$120,000
1Q 2016 1Q 2015
20.9%
21.6%
Solutions that protect and promote the world‘s great brands 4
Operating Income(US$ thousands)
$40,679
$26,203
$-
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
1Q 2016 1Q 2015
6.6%
8.9%
Solutions that protect and promote the world‘s great brands 5
Net Income attributable to MPS(US$ thousands)
$13,007
$7,007
$-
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
Q1 2016 Q1 2015
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
$0.25
1Q 2016 1Q 2015
Solutions that protect and promote the world‘s great brands 7
Cash Provided by Operating Activities and Capital Expenditures
(US$ thousands)
$33,019
$1,848
$12,321 $10,486
$-
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
1Q 2016 1Q 2015
Cash Provided by Operating Activities
Capital Expenditures
2.7% of
Sales
2.7% of
Sales
Solutions that protect and promote the world‘s great brands 8
EBITDA and Adjusted EBITDA(US$ 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
$90,000
Q1 2016 Q1 2015
EBITDA Adjusted EBITDA
15.9%
16.8%
15.3%
15.5%
Solutions that Protect and Promote the Worlds Great Brands
1Q 2016 Earnings Webcast
AppendixDepreciation and Amortization
Adjusted EBITDA to Net Income ReconciliationDebt Summary
Solutions that protect and promote the world‘s great brands 10
Depreciation and Amortization(US$ thousands)
$19,247 $19,415
$15,285 $14,428
$-
$5,000
$10,000
$15,000
$20,000
$25,000
1Q 2016 1Q 2015
Depreciation Amortization
Solutions that protect and promote the world‘s great brands 11
Adjusted EBITDA Reconciliation(US$ 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.
Solutions that protect and promote the world‘s great brands 12
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$
Solutions that Protect and Promote the Worlds Great Brands
First Quarter Ended September 30, 2015 Earnings Webcast
Thank you for your interest in Multi Packaging Solutions