Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - Installed Building Products, Inc. | d249771dex991.htm |
| EX-2.1 - SHARE PURCHASE AGREEMENT - Installed Building Products, Inc. | d249771dex21.htm |
| 8-K - CURRENT REPORT - Installed Building Products, Inc. | d249771d8k.htm |
 October
31, 2016 ALPHA ACQUISITION
Exhibit 99.2 |
 PAGE Disclaimer OCTOBER 31, 2016 2 This presentation contains “forward-looking statements” as defined under U.S. federal securities laws. Forward-looking
statements are generally identified by the use of the words
“will,” “may,” “believes,” “expects,” “forecasts,” “intends,” “anticipates,” “projects,” “plans”
and “seeks,” and, in each case their negative, and other variations or
comparable terminology. These forward-looking statements
include statements about the transaction with Alpha, the impact on our profitability
and margins, our growth strategy and all matters that are not historical
facts. Forward-looking statements are based on management’s current expectations and involve risks and uncertainties that could cause
actual results, performance or achievements to differ significantly from
IBP’s historical results or those implied in such forward-looking
statements, including, without limitation, the risks discussed in the “Risk
Factors” section of our Annual Report on Form 10-K for the year
ended December 31, 2015, as the same may be updated from time-to-time in our subsequent filings with the SEC. You should not place undue reliance on forward-looking statements as a prediction of actual results. Any forward-looking statements in this
presentation speak only as of the date hereof. IBP expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward looking statements to reflect any change in expectations or
events, conditions or circumstances on which any such statements are
based. This presentation includes non-GAAP financial measures. Non-GAAP financial measures should be considered only as supplemental
to, and not as superior to, financial measures prepared in accordance
with GAAP. |
 BUSINESS
OVERVIEW |
 PAGE Alpha Senior Management & Branch Locations Experienced Senior Management team with an average of over 25 years of industry experience 4 OCTOBER 31, 2016 • Alpha Locations
|
 PAGE Products & End Markets OCTOBER 31, 2016 5 NET REVENUE BY PRODUCT YTD JUNE 2016 WATERPROOFING 53% FIREPROOFING 19% INSULATION 18% FIRE STOPPING 10% EDUCATIONAL / INSTITUTIONAL 24% MULTIFAMILY 21% LODGING / HEALTHCARE 18% RECREATIONAL / ENTERTAINMENT 15% OFFICE BUILDINGS 13% OTHER 9% NET REVENUE BY END MARKET YTD JUNE 2016 |
 PAGE Acquisition Rationale OCTOBER 31, 2016 End Market Diversification - Large Commercial Construction Opportunities for Organic and Acquisition Growth IBP’s Q2 2016 commercial revenue is approximately 12% of total revenue, generated predominately from smaller commercial projects Alpha’s commercial industry relationships and reputation combined with IBP’s national footprint will drive organic growth, and provide a path for additional end market and product acquisitions Expand Product Offerings and Expertise IBP’s sales of waterproofing, fire stopping and fireproofing represent less than 5% of total revenue for Q2 2016 Enhance Profitability The gross profit profile of Alpha’s large commercial construction projects in the 30 - 35% range combined with leveraging IBP’s administrative costs should further benefit IBP’s incremental EBITDA margins 6 |
 PAGE Alpha – Common Size Financial 7 1 As an S-Corp., Alpha does not have income tax expense 2 EBITDA is a non-GAAP financial measure. Alpha’s EBITDA is defined as Net Income adjusted for depreciation, amortization and
interest 2015
YTD 6/16 LTM 6/16 Revenue 100.0% 100.0% 100.0% Cost of Sales 64.5% 66.5% 65.6% Gross Profit 35.5% 33.5% 34.4% Selling and administrative 15.0% 9.9% 12.2% Net Income 1 20.7% 23.9% 22.2% EBITDA 2 21.3% 24.3% 22.7% OCTOBER 31, 2016 |
 495 S.
High Street, Suite 50 Columbus, OH 43215
(614) 221-9944 THANK YOU |