Investor Presentation December 2019
Quarterly Trends By Region
Adjusted Net Revenue
($M | FYE 12/31)
1Q17
2Q17 3Q17 4Q17 FY17
1Q18
2Q18
3Q18 4Q18 FY18
3Q19
1Q19 2Q19 3Q19 YTD
Americas
$495
$483 $442
$488 $1,909
$507
$546
$564
$562 $2,180
$564
$581
$551 $1,696
APAC
302
289
289
362
1,242
278
348
349
372 1,347
281
352
353
986
EMEA
233
236
201
255
925
212
231
213
283
938
249
247
218
714
Eliminations
(46)
(42)
(33) (44) (165)
(45)
(38)
(47) (45) (175)
(39) (45) (51)
(135)
Total
$984
$965
$899 $1,062 $3,911
$952 $1,087 $1,078 $1,173 $4,290
$1,055 $1,135 $1,071 $3,261
Adjusted EBITDA
($M | FYE 12/31)
1Q17
2Q17
3Q17
4Q17 FY17
1Q18
2Q18
3Q18
4Q18 FY18
1Q19
2Q19 3Q19
3Q19
YTD
Americas
$111
$131 $105
$129
$476
$107
$139
$126 $124 $495
$125
$136
$120
$381
APAC
31
38
43
47
159
33
48
50
59
191
35
54
57
145
EMEA
34
34
23
35
125
15
23
23
49
109
32
28
30
91
Eliminations
(44)
(80)
(67)
(67)
(259)
(71)
(76)
(72)
(75)
(294)
(82)
(72)
(71)
(224)
Total
$132
$122
$104
$143 $500
$84
$134
$128
$157
$502
$110
$147
$136 $393
Source: Management estimates
VERTIV
COMMENTARY
Adjusted net revenue
calculated as GAAP net
revenue plus impact of
purchase accounting of $32M
in 2017, $4M in 2018, and $2M
in 2019
Adjusted EBITDA net of
adjustments of $242M in 2017
and $267M in 2018, including
costs for operational initiatives
and Digital project
Adjusted net revenue trends
by region reflective of normal
quarterly variations inherent in
business due to timing of
larger projects
Global Business Unit, IT &
Corporate costs include
centralized global engineering
and IT expenses in addition to
Corporate overhead
Relatively flat adjusted
EBITDA from 2017 to 2018
driven by strategic SG&A
investment (~$100mm) and
negative impact of material /
freight inflation
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