| --- | --- | --- | --- | --- | |--------------------------------|-------|-------|-------|-------| | | | | | | | 2022 | | | | | | Q2 2022 EARNINGS PRESENTATION | | | | | | AUGUST 4, 2022 | | | | | Disclosure Notice This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. In addition, oral statements m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to __________ Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant as specified in its charter) Delaware 36-4173371 (State ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Binit Sanghvi - Head, IR Julian Francis - President and CEO Frank Lonegro - EVP and CFO Conference Call Participants Ketan Mamtora - BMO Capital Markets Mike Dahl with - Capital Markets Garik Shmois - Loop Capital Keith Hughes - Truist Noah Merkousko - Stephens Truman Patterson - Wolfe Research David Manthey - Baird Deepa Raghavan - Wells Fargo Ryan Merkel - William Blair Phil Ng - Jefferie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to __________ Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant as specified in its charter) Delaware 36-4173371 (Stat ...

| --- | --- | --- | --- | --- | |--------------------------------|-------|-------|-------|-------| | | | | | | | 2022 | | | | | | Q1 2022 EARNINGS PRESENTATION | | | | | | MAY 5, 2022 | | | | | Disclosure Notice This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. In addition, oral statements made ...

Beacon Supply, Inc. (NASDAQ:BECN) Q4 2021 Earnings Conference Call February 3, 2022 5:00 PM ET Company Participants Julian Francis – President, Chief Executive Officer Binit Sanghvi – Head of Investor Relations Frank Lonegro – Executive Vice President, Chief Financial Officer Conference Call Participants Kathryn Thompson – Thompson Research Group Mike Dahl – RBC Capital Markets Ketan Mamtora – BMO Capital Markets Truman Patterson – Wolfe Research Deepa Raghavan – Wells Fargo Keith Hughes – Truist Michael Re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ________ to ________ Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant as specified in its charter) Delaware 36-4173371 State or other ...

| --- | --- | --- | --- | --- | --- | |------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | 2021 | | | | | | | 4TH QUARTER & FISCAL 2021 EARNINGS CALL | | | | | | | NOVEMBER 18, 2021 | | | | | | DISCLOSURE NOTICE This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Refor ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q3 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Binit Sanghvi - Head, IR Julian Francis - President, CEO & Director Frank Lonegro - EVP & CFO Conference Call Participants Kathryn Thompson - Thompson Research Group Michael Dahl - RBC Capital Markets Ketan Mamtora - BMO Capital Markets Philip Ng - Jefferies Noah Merkousko - Stephens Inc. Truman Patterson - Wolfe Research Garik Shmois - Loop Capital Markets Keith Hughes - Truist Securiti ...

Part I. Financial Information (unaudited) [Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) The company's financial statements reflect the divestiture of its Interior Products business and strong growth in continuing operations [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets and liabilities decreased significantly following the Interior Products divestiture and subsequent debt repayment Consolidated Balance Sheet Highlights (in millions) | Account | June 30, 2021 | Sept 30, 2020 | June 30, 2020 | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Cash and cash equivalents | $188.9 | $624.6 | $1,018.4 | | Inventories, net | $1,170.7 | $871.4 | $874.2 | | Total current assets | $2,679.5 | $2,976.8 | $3,265.7 | | Goodwill | $1,761.7 | $1,756.1 | $1,755.5 | | Assets held for sale | — | $1,364.3 | $1,363.1 | | **Total assets** | **$5,599.3** | **$6,957.5** | **$7,279.9** | | **Liabilities & Equity** | | | | | Total current liabilities | $1,620.9 | $1,631.2 | $1,451.4 | | Long-term debt, net | $1,616.1 | $2,494.2 | $2,494.5 | | **Total liabilities** | **$3,561.7** | **$4,797.4** | **$5,194.0** | | **Total stockholders' equity** | **$1,638.4** | **$1,760.9** | **$1,686.7** | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Continuing operations show strong year-over-year growth in net sales and a return to profitability for Q3 and the nine-month period Statement of Operations Summary (in millions) | Metric | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Nine Months Ended June 30, 2021 | Nine Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $1,872.1 | $1,549.3 | $4,766.6 | $4,161.7 | | Gross profit | $517.4 | $368.7 | $1,249.9 | $979.2 | | Income (loss) from operations | $180.8 | $75.2 | $298.7 | $(81.4) | | Net income (loss) from continuing operations | $79.8 | $(4.1) | $116.7 | $(149.5) | | Net income (loss) from discontinued operations | $(3.3) | $(2.6) | $(267.0) | $(3.3) | | Net income (loss) | $76.5 | $(6.7) | $(150.3) | $(152.8) | | Diluted net income (loss) per share | $0.87 | $(0.18) | $(2.38) | $(2.48) | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash from investing activities was positive due to the business sale, while operating and financing activities used cash Cash Flow Summary (in millions) | Activity | Nine Months Ended June 30, 2021 | Nine Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(20.4) | $250.4 | | Net cash provided by (used in) investing activities | $793.1 | $(23.7) | | Net cash provided by (used in) financing activities | $(1,207.4) | $719.6 | | **Net increase (decrease) in cash** | **$(435.7)** | **$946.1** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the Interior Products divestiture, a pre-tax loss on the sale, product line sales, and debt refinancing activities - On February 10, 2021, the Company completed the sale of its Interior Products business to FBM for approximately **$850 million in cash**, with these operations now reflected as discontinued[16](index=16&type=chunk)[29](index=29&type=chunk) - The divestiture of Interior Products resulted in a **pre-tax loss on sale of $362.0 million** for the nine months ended June 30, 2021, primarily due to the allocation of $730.9 million of consolidated goodwill to the sold component[31](index=31&type=chunk) Net Sales by Product Line (Nine Months Ended June 30, in millions) | Product Line | 2021 | 2020 | | :--- | :--- | :--- | | Residential roofing products | $2,521.3 | $2,114.6 | | Non-residential roofing products | $1,214.9 | $1,174.0 | | Complementary building products | $1,030.4 | $873.1 | | **Total net sales** | **$4,766.6** | **$4,161.7** | - In May 2021, the company executed a major debt refinancing, issuing **$350.0 million of 4.125% Senior Notes due 2029** and a new **$1.0 billion Term Loan due 2028**, using the proceeds to redeem higher-cost debt, resulting in a $50.7 million loss on debt extinguishment[58](index=58&type=chunk)[59](index=59&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes strong sales growth, margin expansion, and liquidity following the strategic divestiture of Interior Products [Overview](index=22&type=section&id=Overview) Beacon is the largest publicly traded distributor of roofing and complementary building products in North America - The company is the largest publicly traded distributor of roofing materials and complementary building products in the U.S. and Canada, with **445 branches** as of June 30, 2021[99](index=99&type=chunk)[102](index=102&type=chunk) - Completed the sale of the Interior Products business on February 10, 2021, to **reduce net leverage** and focus on strategic growth in the core exteriors business[100](index=100&type=chunk) - The company's primary focus is on organic growth and operational improvements, highlighted by a **20.8% organic daily sales growth in Q3 2021** and the opening of seven new branches since the start of fiscal 2020[108](index=108&type=chunk) [Comparison of the Three Months Ended June 30, 2021 and 2020](index=24&type=section&id=Comparison%20of%20the%20Three%20Months%20Ended%20June%2030%2C%202021%20and%202020) Q3 2021 net sales grew 20.8% and gross margin expanded by 3.8 percentage points, driving a significant increase in operating income Q3 2021 vs. Q3 2020 Performance (in millions) | Metric | Q3 2021 | Q3 2020 | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | $1,872.1 | $1,549.3 | +20.8% | | Gross Profit | $517.4 | $368.7 | +40.3% | | Gross Margin | 27.6% | 23.8% | +3.8 p.p. | | Operating Expense | $336.6 | $293.5 | +14.7% | | Income from Operations | $180.8 | $75.2 | +140.4% | - The increase in gross margin was driven by a weighted-average **selling price increase of 10-11%**, which was partially offset by a product cost increase of 6-7%[116](index=116&type=chunk) [Comparison of the Nine Months Ended June 30, 2021 and 2020](index=27&type=section&id=Comparison%20of%20the%20Nine%20Months%20Ended%20June%2030%2C%202021%20and%202020) Nine-month net sales rose 14.5% and operating expenses decreased, reversing an operating loss from the prior year Nine-Month 2021 vs. 2020 Performance (in millions) | Metric | Nine Months 2021 | Nine Months 2020 | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | $4,766.6 | $4,161.7 | +14.5% | | Gross Profit | $1,249.9 | $979.2 | +27.6% | | Gross Margin | 26.2% | 23.5% | +2.7 p.p. | | Operating Expense | $951.2 | $1,060.6 | -10.3% | | Income (loss) from Operations | $298.7 | $(81.4) | N/A | - The decrease in operating expense was mainly due to a **$153.4 million decrease in amortization**, as the prior year included $142.6 million in accelerated amortization from the write-off of certain trade names[132](index=132&type=chunk) [Non-GAAP Financial Measures](index=31&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA increased significantly for both the third quarter and nine-month period, reflecting improved underlying performance - The company uses non-GAAP measures to provide investors with a view of financial results unaffected by certain items not indicative of ongoing operating performance, such as acquisition costs, restructuring costs, and COVID-19 impacts[139](index=139&type=chunk)[140](index=140&type=chunk)[143](index=143&type=chunk) Adjusted EBITDA Reconciliation (in millions) | | Three Months Ended June 30 | Nine Months Ended June 30 | | :--- | :--- | :--- | :--- | :--- | | | **2021** | **2020** | **2021** | **2020** | | Net income (loss) from continuing operations | $79.8 | $(4.1) | $116.7 | $(149.5) | | Adjustments (Interest, Taxes, D&A, etc.) | $149.7 | $134.7 | $330.0 | $379.0 | | **Adjusted EBITDA** | **$229.5** | **$130.6** | **$446.7** | **$229.5** | | **Adjusted EBITDA as % of net sales** | **12.3%** | **8.4%** | **9.4%** | **5.5%** | [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position with significant available borrowings and has reduced its borrowing costs through refinancing - Principal sources of liquidity as of June 30, 2021, were **$188.9 million in cash** and **$1.28 billion in available borrowings** under revolving credit lines[159](index=159&type=chunk) Cash Flow Summary (Nine Months Ended June 30, in millions) | Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash from operating activities | $(20.4) | $250.4 | | Net cash from investing activities | $793.1 | $(23.7) | | Net cash from financing activities | $(1,207.4) | $719.6 | - The May 2021 debt refinancing reduced the weighted-average interest rate on outstanding debt to **3.26%** as of June 30, 2021, down from 4.21% as of March 31, 2021[167](index=167&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes to the company's market risk disclosures since the prior fiscal year-end - There were **no material changes** in market risk disclosures during the three or nine-month periods ended June 30, 2021, compared to the fiscal year 2020 Form 10-K[169](index=169&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Management concluded that as of June 30, 2021, the company's **disclosure controls and procedures were effective**[170](index=170&type=chunk) - **No material changes** to internal control over financial reporting occurred during the quarter ended June 30, 2021, and the sale of the Interior Products business did not result in significant changes to internal controls[171](index=171&type=chunk) Part II. Other Information [Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) The company expands on previously disclosed risks, emphasizing increased cybersecurity threats to its critical IT systems - The company has expanded its disclosure on risks related to **information technology systems**, noting their critical importance for operations, including inventory management, sales, and accounting[175](index=175&type=chunk) - IT systems are vulnerable to various threats, including natural disasters, power outages, employee error, and deliberate **cyber-attacks** like ransomware and denial-of-service attacks[176](index=176&type=chunk) - A successful cybersecurity attack could result in business disruption, theft of confidential data, liability for stolen information, increased costs, and **harm to the company's reputation and financial results**[177](index=177&type=chunk) [Exhibits](index=39&type=section&id=Item%206.%20Exhibits) This section lists key legal agreements and required certifications filed as exhibits with the Form 10-Q - Lists key agreements filed as exhibits, including the **Indenture for the 2029 Senior Notes**, the Amended Term Loan Credit Agreement, and the Amended ABL Credit Agreement[180](index=180&type=chunk) - Includes required **CEO and CFO certifications** (Rule 13a-14(a) and Section 1350) and interactive data files (iXBRL) for the financial statements[181](index=181&type=chunk) Signatures