Investor Presentaiton
Reconciliation of Sales, Free Cash Flow, and ROIC
Sales
Free Cash Flow / Conversion
ROIC
($M)
PM Filtration
FY-2020
FY-2019
($M)
FY-2020
FY-2019
($M)
FY-2020
FY-2019
TNW Industrial Filtration
$ 120.0 $ 93.3
119.4
Net cash provided by operating activities $
74.2 $
86.9
Adjusted EBITDA
$
66.6 $
80.4
144.3
Capital expenditures
(33.4)
(35.9)
Depreciation
27.9
27.1
Specialty Filtration
$
239.3 $ 237.6
Free cash flow
$
40.7 $
51.0
Adjusted EBITA
$
38.7 $
53.2
Pro-forma Tax Rate
25%
25%
PM Sealing & Advanced Solutions
$
144.7 $
152.2
Adjusted EBITDA
$
66.6 $
80.4
EBITA After Tax
$
29.0 $
39.9
TNW Advanced Materials
103.0
111.0
FCF Conversion
50%
55%
Thermal Acoustical
294.8
361.6
PP&E, Net
214.5 $
221.6
Advanced Material Solutions
$
542.5 $
624.8
Operating Lease Right-of-Use Assets
22.2
23.1
Other Assets, Net
5.3
6.2
Eliminations
(17.8)
(25.0)
Current Assets
349.4
283.6
Current Liabilities
(187.6)
(129.9)
Total
$
764.0 $
837.4
Long-Term Lease Liability
(17.9)
(18.4)
Specialty Filtration
31%
28%
Invested Capital
385.9 $
386.2
Advanced Material Solutions
69%
72%
Return on Invested Capital
7.5%
9.9%
Lydall
USE OR DISCLOSURE OF INFORMATION CONTAINED ON THIS SHEET IS SUBJECT TO THE RESTRICTIONS ON THE TITLE SLIDE
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