{ "docId": "019de516-dcff-7380-ac41-a3d46a3ec607", "docSlug": "2b827224cbf0ab81e8ec63b00cbe404f", "documentTitle": "Avantor | Results Presentation Deck | 13 slides", "authorId": "avantor", "authorName": "Avantor", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 8, "pageCount": 13, "prevPage": 7, "nextPage": 9, "slideType": "kpi_overview", "function": "summarize", "density": "dense", "nDataPoints": 203, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de516-dcff-7380-ac41-a3d46a3ec607/8", "deckHref": "/decks/019de516-dcff-7380-ac41-a3d46a3ec607", "deckJsonHref": "/decks/019de516-dcff-7380-ac41-a3d46a3ec607.json", "deckAnchorHref": "/decks/019de516-dcff-7380-ac41-a3d46a3ec607#slide-8", "components": [ { "bbox": { "h": 0.013, "w": 0.007, "x": 0.953, "y": 0.953 }, "kind": "source-note", "text": "8", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4b98e4f9-6a8b-406f-894c-c840aa5023da", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.09, "x": 0.086, "y": 0.129 }, "kind": "subtitle", "text": "USD in millions", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5236cad5-b552-4c07-bec0-46905b089a8b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.69, "w": 0.82, "x": 0.086, "y": 0.159 }, "kind": "table", "text": "Net income attributable to Avantor Inc. (GAAP) $190.4 $187.4 $167.0 $141.7 $121.5 ($7.3) $108.4 Amortization 92.2 67.8 79.8 78.5 78.4 78.9 75.4 Loss on extinguishment of debt 1.8 6.1 2.9 1.7 2.3 1.6 2.0 Net foreign currency loss (gain) from financing activities 0.1 0.9 (1.2) 7.2 (0.2) (1.6) (0.5) Other stock-based compensation (benefit) expense (1.3) (0.4) (1.6) 0.1 (0.1) 0.1 Acquisition-related expenses² Integration related expenses³ 3.9 3.3 6.4 5.6 8.7 (0.6) 0.2 Purchase accounting adjustments (4.4) 13.8 Restructuring & severance charges 1.9 0.5 1.3 (0.2) 4.7 7.2 6.1 Reserve for certain legal matters 1.0 3.0 Impairment charges 160.8 Income tax benefit applicable to pretax adjustments (25.8) (27.9) (23.4) (20.5) (20.1) (53.5) (23.1) Adjusted net income (non-GAAP) $258.8 $251.5 $231.2 $214.0 $195.4 $186.4 $171.6 Interest expense 64.8 63.9 67.3 69.8 73.7 73.4 72.4 Depreciation 22.3 21.9 20.8 22.2 22.7 23.7 22.6 Income tax provision applicable to Adj. Net Income 77.2 66.8 64.7 53.5 54.4 59.5 51.2 Adjusted EBITDA (non-GAAP) $423.1 $404.1 $384.0 $359.5 $346.2 $343.0 $317.8 Adjusted EBITDA margin 21.7% 21.2% 20.7% 20.0% 19.4% 19.7% 18.5% Adjusted EBITDA margin growth (~bps) 140 bps 140 bps 100 bps 60 bps -230 bps -150 bps -220 bps Total Debt, Gross $6,943.9 $6,611.5 $6,253.3 $6,349.1 $6,117.7 $5,936.2 $5,672.7 Less: cash and cash equivalents (283.6) (237.5) (265.6) (372.9) (294.6) (236.4) (236.9) Total $6,660.3 $6,374.0 $5,987.7 $5,976.2 $5,823.1 $5,699.8 $5,435.8 TTM Adjusted EBITDA $1,598.1 $1,592.4 $1,580.9 $1,570.7 $1,493.8 $1,432.7 $1,366.5 TTM Stock Based Compensation 48.9 50.8 52.6 49.1 49.7 45.6 41.6 TTM for Acquisitions prior to Ownership 9 TTM Adjusted EBITDA with RR Synergies & Excl. SBC $1,647.0 $1,643.2 $1,642.3 $1,619.8 $1,543.5 $1,478.3 $1,408.1 Adjusted net leverage (non-GAAP) 4.0x 3.9x 3.6x 3.7x 3.8x 3.9x 3.9x Net cash provided by operating activities (GAAP) $152.2 $227.5 $258.3 $205.6 $219.5 $168.2 $230.7 Capital expenditures (24.5) (36.3) (39.0) (33.6) (28.0) (30.1) (37.7) Free Cash Flow (non-GAAP) $127.7 $191.2 $219.3 $172.0 $191.5 $138.1 $193.0 FCF % of Adjusted net income 49% 76% 95% 80% 98% 74% 112%", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "089f197e-f3e7-459e-9481-9f34c27dc1d8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.82, "x": 0.076, "y": 0.06 }, "kind": "title", "text": "Net Income, Adj. EBITDA, Adj. Net Leverage, FCF (Quarterly)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5c9cbfa6-4568-4ffb-8124-aedefb0064a8", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "7f39dec3-05a4-4169-a722-4814d74a6ebe", "evidence": "table/data: Net income attributable to Avantor Inc. (GAAP) $190.4 $187.4 $167.0 $141.7 $121.5 ($7.3) $108.4 Amortization 92.2 67.8 79.8 78.5 78.4 78.9 75.4 Loss on extinguishment of debt 1.8 6.1 2.9 1.7 2.3 1.6 2.0 Net f", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 13, "from": 4, "beatId": "75bd8dac-9f56-409a-a615-4d733c31f584", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "The deck provides detailed financial information and KPI overviews", "position": 1, "confidence": 0.6, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 9, "from": 4, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "206f36ba-94cf-4c14-8ceb-4ebb39efb075", "evidence": "The deck presents financial data to demonstrate the company's success", "position": 0, "objective": "Highlighting the benefits of Avantor's financial performance", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }