Avantor Results Presentation Deck
Ⓒ Net Income, Adj. EBITDA, Adj. Net Leverage, FCF (Quarterly)
5
(Dollars in millions)
Net income attributable to Avantor Inc. (GAAP)
Amortization
Loss on Extinguishment of Debt
Net foreign currency (gain) loss from financing activities
Other stock-based compensation (benefit) expense
Acquisition-related expenses²
Integration related expenses³
Purchase accounting adjustments
Restructuring & Severance Charges5
Receipt of disgorgement penalty
Income tax (benefit) applicable to pretax adjustments
Adjusted net income (non-GAAP)
Interest Expense
Depreciation
Income tax provision (benefit) applicable to Adj. Net Income
Adjusted EBITDA (non-GAAP)
Adjusted EBITDA margin
Adjusted EBITDA margin growth (~bps)
Total Debt, Gross
Less: cash and cash equivalents
Add: cash reconciliation for share issuance
Total
TTM Adjusted EBITDA
TTM Stock Based Compensation
TTM for Acquisitions prior to Ownership
TTM Adjusted EBITDA with RR Synergies & Excl. SBC
Adjusted net leverage (non-GAAP)
Net cash provided by operating activities (GAAP)
Capital expenditures
Acquisition-related expenses paid
Free Cash Flow (non-GAAP)
FCF % of Adjusted net income
Navantor™
1Q21
$
$164.0
68.0
5.2
0.8
0.6
3.0
1.6
(17.7)
$225.5
51.5
21.0
65.1
$363.1
20.3%
300 bps
$4,702
(173)
$4,530
$1,242
44
$1,286
3.5x
126.9
(15.1)
$111.8
50%
2Q21
$
$157.8
66.6
3.2
1.2
0.7
21.6
0.5
0.2
(13.0)
(12.5)
$226.3
51.0
19.5
69.8
$366.6
19.7%
120 bps
$5,733
(223)
$5,510
$1,402
45
$1,447
3.8x
263.8
(23.4)
24.6
$265.0
117%
3Q21
$
$156.8
75.8
(0.8)
1.6
3.2
7.9
6.3
0.4
(24.8)
$226.4
54.1
24.2
54.5
$359.2
19.6%
180 bps
$5,667
(1,426)
967
$5,208
$1,409
46
53
$1,507
3.5x
261.9
(32.6)
$229.3
101%
4Q21
$
$94.0
80.4
4.0
0.2
0.2
49.9
7.8
2.7
(10.0)
$229.2
60.8
23.7
56.1
$369.8
19.4%
150 bps
$7,113
(302)
$6,812
$1,459
48
129
$1,635
4.2x
301.0
(40.0)
53.2
$314.2
137%
1Q22
$
$190.4
92.2
1.8
0.1
(1.3)
3.9
(4.4)
1.9
(25.8)
$258.8
64.8
22.3
77.2
$423.1
21.7%
140 bps
$6,944
(284)
$6,660
$1,598
49
$1,647
4.0x
152.2
(24.5)
$127.7
49%
2Q22
$
$187.4
67.8
6.1
0.9
(0.4)
3.3
13.8
0.5
(27.9)
$251.5
63.9
21.9
66.8
$404.1
21.2%
140 bps
$6,612
(238)
$6,374
$1,592
51
$1,643
3.9x
227.5
(36.3)
$191.2
76%
3Q22
$
$167.0
79.8
2.9
(1.2)
(1.6)
6.4
-
1.3
(23.4)
$231.2
67.3
20.8
64.7
$384.0
20.7%
100 bps
$6,253
(266)
$5,988
$1,581
53
9
$1,642
3.6x
258.3
(39.0)
$219.3
95%
4Q22
$
$141.7
78.5
1.7
7.2
5.6
(0.2)
(20.5)
$214.0
69.8
22.2
53.5
$359.5
20.0%
60 bps
$6,349
(373)
$5,976
$1,571
49
$1,620
3.7x
205.6
(33.6)
$172.0
80%
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