Hillenbrand, Inc. (NYSE:HI) Q1 2022 Earnings Conference Call February 3, 2022 8:00 AM ET Company Participants Sam Mynsberge - Director of Investor Relations Kimberly Ryan - President & Chief Executive Officer Kristina Cerniglia - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Matt Summerville - D.A. Davidson John Franzeb - Sidoti & Company Christopher Howe - Barrington Research Disclaimer*: This transcript is designed to be used alongside the fre ...

Q1 FY 2022 EARNINGS CALL PRESENTATION February 3, 2022 Hillenbrand Participants HILLENBRAND Kim Ryan President & CEO Kristina Cerniglia SVP & CFO Sam Mynsberge Director, Investor Relations EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchang ...

Hillenbrand, Inc. (NYSE:HI) Q4 2021 Earnings Conference Call November 18, 2021 8:00 AM ET Company Participants Sam Mynsberge - Director of Investor Relations Joe Raver - President and Chief Executive Officer Kim Ryan - Incoming Chief Executive Officer Kristina Cerniglia - Senior Vice President and Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Christopher Howe - Barrington Research Daniel Moore - CJS Securities John Franzeb - Sidoti & Company Operator Greetings, and we ...

Q4 FY 2021 EARNINGS CALL PRESENTATION November 18, 2021 HILLENBRAND Hillenbrand Participants Joe Raver President & CEO Kim Ryan EVP & CEO Successor Kristina Cerniglia SVP & CFO Sam Mynsberge Director, Investor Relations EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Sectio ...

Financial Data and Key Metrics Changes - The company reported total revenue of $695 million, an increase of 14% on an as-reported basis and 18% on a pro forma basis, driven by strong volume growth within MTS and APS [29][30] - Adjusted EBITDA was $126 million, a 4% increase, with an adjusted EBITDA margin of 18.2%, which decreased by 170 basis points due to cost inflation and strategic investments [30][31] - GAAP net income was $40 million or $0.53 per share, a 66% increase compared to the prior year, while adjusted net income was $65 million or $0.85 per share, a 5% increase [33] Business Line Data and Key Metrics Changes - Advanced Process Solutions (APS) revenue was $313 million, an 11% increase, with a record order backlog of $1.4 billion, up 52% year-over-year [39][41] - Molding Technology Solutions (MTS) revenue increased by 31% to $244 million, with strong demand across various end markets [43] - Batesville revenue was $138 million, a 1% decrease, attributed to lower death rates associated with COVID-19, but performed better than expected [48][49] Market Data and Key Metrics Changes - Total company backlog reached a record of $1.8 billion, a 62% increase year-over-year, indicating strong demand for engineered solutions [28] - The company experienced approximately $17 million of inflation in the quarter, with 60% offset through pricing actions [31] - The ongoing chip shortage is expected to impact revenue by approximately $10 million in the fourth quarter [66] Company Strategy and Development Direction - The company focuses on four strategic pillars: strengthening business platforms, managing Batesville for cash, building a scalable foundation for growth, and effectively deploying free cash flow [14][22] - The integration of Milacron is proceeding well, with a target of achieving $75 million in synergies over three years [22][38] - The company is actively developing its M&A pipeline, targeting strategic acquisitions in food and recycling markets [70][71] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from COVID-19, global supply chain disruptions, and rising inflation but expressed confidence in the company's ability to navigate these issues [7][25] - The company expects fourth quarter revenue growth in the range of 6% to 9%, driven by industrial segments, while Batesville is anticipated to decline [53][58] - Management remains focused on maintaining a flexible balance sheet and investing in growth opportunities [62] Other Important Information - The company plans to issue its second sustainability report at the end of August, highlighting progress in sustainability initiatives [23] - Two new directors were added to the Board to enhance governance and support the company's strategy [24] Q&A Session Summary Question: Impact of unabsorbed inflationary costs and chip shortage - The company forecasts approximately $25 million of inflation in Q4, with half covered by pricing, leading to a $12.5 million unabsorbed hit to the P&L, and anticipates a $10 million revenue impact from the chip shortage [66][67] Question: Restructuring in Germany and M&A outlook - The restructuring in Germany is part of the $75 million synergy target, and the M&A pipeline is active with a focus on strategic bolt-on acquisitions in processed food and recycling [68][70] Question: Batesville segment performance and mortality rates - The company noted that while death rates are currently low, there may be some upside in the short term, and they are monitoring the impact of COVID-19 variants [77][78] Question: Price/cost lag in injection molding business - The price/cost lag is due to backlog orders set before the inflationary environment, leading to margin compression as inflation pressures arise [99]

Q3 FY 2021 EARNINGS CALL PRESENTATION August 5, 2021 HILLENBRAND Hillenbrand Participants Joe Raver President & CEO Kim Ryan EVP & CEO Successor Kristina Cerniglia SVP & CFO EARNINGS PRESENTATION | EARNINGS PRESENTATION | 2 Disclosure Regarding Forward-Looking Statements Throughout this presentation, we make a number of "forward-looking statements" that are within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, ...

Financial Data and Key Metrics Changes - Total revenue for the quarter was $722 million, an increase of 11% year-over-year, with an 8% increase excluding foreign exchange impact [26] - Adjusted EBITDA was $134 million, up 21%, with an adjusted EBITDA margin of 18.6%, an increase of 160 basis points [26] - GAAP net income was $78 million or $1.03 per share, compared to a loss of $0.99 in the prior year [27] - Cash flow from operations was $193 million, an increase of $165 million compared to the prior year [28] - Net leverage ratio improved to 1.7 times net debt to EBITDA, down over half a turn sequentially [19][37] Business Line Data and Key Metrics Changes - Batesville segment revenue was $166 million, a 20% increase year-over-year, driven by increased demand for burial caskets due to COVID-19 [30] - Molding Technology Solutions (MTS) revenue was $255 million, a 28% increase, with adjusted EBITDA of $51 million, up 59% [32][34] - Advanced Process Solutions (APS) revenue decreased 3% to $301 million, with adjusted EBITDA margin flat at 18.5% [35][36] Market Data and Key Metrics Changes - Total company backlog increased over 30% year-over-year to a record $1.5 billion, indicating strong demand across segments [25] - Record order backlog for MTS reached $362 million, a 93% increase year-over-year [34] - APS order backlog reached a new record high of $1.2 billion, up 22% year-over-year [36] Company Strategy and Development Direction - The company is focused on four strategic pillars: strengthening business platforms, managing Batesville for cash, building a scalable foundation for growth, and effectively deploying free cash flow [11][12][16] - The Milacron acquisition is a key part of the strategy, with ongoing integration and expected synergies of $75 million over three years [12][51] - The company is increasing investments in recycling solutions and expects significant growth in this market [13][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate robust free cash flow and maintain a strong balance sheet despite inflationary pressures and ongoing pandemic challenges [16][22] - The company anticipates revenue growth in the third quarter of 13% to 17%, with adjusted EBITDA expected in the range of $110 million to $120 million [42] - Management highlighted the importance of supply chain resiliency and the ongoing impact of COVID-19 in international markets, particularly India [41][97] Other Important Information - The company completed the sale of ABEL and is on track to divest TerraSource Global [19][51] - A new Chief Sustainability Officer has been appointed to enhance the company's sustainability efforts [21] - The company plans to issue its second sustainability report later in the year [21] Q&A Session Summary Question: What is the expected full year unabsorbed cost pressure for Batesville in fiscal 2021? - Management expects inflation of $13 million to $15 million, with pricing expected to cover about a third to half of that [55] Question: Can you discuss the traction with recycling and eco-friendly materials? - Management noted strong growth in the quote pipeline for recycling materials and bio-based plastics, particularly in Europe [56][58] Question: What is the competitive positioning in the emerging recycling areas? - Management believes the market is moving towards their capabilities in continuous processing for recycling, with significant long-term growth expected [63][68] Question: How do you see the incremental margins in MTS with the shift towards injection molding? - Management indicated that while the overall segment margin may be pressured due to increased injection molding sales, margins within injection molding are expected to improve [69][72] Question: Will the focus shift back towards M&A or stock buybacks? - Management plans to focus on organic growth initiatives while considering bolt-on acquisitions, particularly in the APS segment [76][80] Question: Can you discuss the exposure to India and its impact? - Management highlighted that injection molding represents about 25% of total revenue in India, which poses a risk due to the current COVID-19 situation [94][97]

Table of Contents Commission File Number. 001-33794 HILLENBRAND, INC. 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 Exchange Act of 1934 For the quarterly period ended March 31, 2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ (Exact name of registrant as specified in its charter) Indiana 26-1342272 (State of ...

Hillenbrand, Inc. (NYSE:HI) Q1 2021 Earnings Conference Call February 4, 2021 8:00 AM ET Company Participants Kaveh Bakhtiari - Senior Director of Investor Relations Joe Raver - President & Chief Executive Officer Kristina Cerniglia - Senior Vice President & Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Chris Howe - Barrington Research Matt Summerville - D.A. Davidson John Franzreb - Sidoti & Company Operator Greetings and welcome to the Hillenbrand Q1 Fiscal Year 2021 E ...

Financial Performance Highlights - Hillenbrand's Q1 2021 pro forma revenue increased by 6% to $685 million compared to Q1 2020[11] - Adjusted EBITDA increased by 50% to $138 million, with a margin of 19.9%, up 370 bps[12] - Pro forma adjusted EBITDA increased 51% to $137 million, with a margin of 20.0%, up 600 bps[12] - Batesville's revenue increased 30% to $165 million, with adjusted EBITDA margin improving by 1,360 bps to 31.7%[14, 15] - Molding Technology Solutions' pro forma revenue increased 7% to $237 million, with adjusted EBITDA margin increasing 560 bps to 20.4%[20, 21] Strategic Actions and Portfolio Management - Hillenbrand announced the sale of Red Valve and an agreement to sell ABEL, expecting approximately $163 million in total proceeds[8] - The company paid down $157 million in debt during the quarter, reducing the net leverage ratio to 2.2x[8] Backlog and Future Outlook - Record backlog of $1.36 billion, up 32% year-over-year on a pro forma basis[8, 12] - Q2 2021 revenue is projected to be between $695 million and $720 million, representing a 12% increase[28] - Full-year industrial segment outlook anticipates low single-digit revenue growth for Advanced Process Solutions and mid-teens growth for Molding Technology Solutions[28] Capital Allocation - The company is lifting the temporary suspension of the share repurchase program[27, 31] - Hillenbrand is resuming consideration of strategic bolt-on acquisitions[27]