Conduits of Growth & Category Expansion
Updated Capital Deployment Framework
A Atkore
Capital Deployment Focused on Driving Growth in Adjusted EPS
Capital Deployment Model - FY 2023 & Forward
Capital Expenditures,
Organic Growth, and
Capacity Investments
Status Update
~$200M in expected capital expenditures in FY23; includes
investment in HDPE product expansion initiatives; Expect
future capital spending to be between 3-4% of net sales
Target Cash Flow from
Operating Activities to be
approximately 100% of
Net Income Averaged Over a
3-Year Period
Maintain Gross Debt to
normalized Adj. EBITDA
ratio at ~2x or below; willing
to go above for select
strategic opportunities
Priority
Uses for
Capital
A
Atkore
1. Plan announced in November 2021.
M&A
Stock
Repurchases
Strong pipeline with a disciplined approach; Expect M&A to
be focused on growing portfolio to expand and capture
more of our total addressable market
$1.3B in authorization; over $750M in stock repurchases
completed since initial program authorization in November
2021
14View entire presentation