Kennametal, Inc. (NYSE:KMT) Q2 2023 Earnings Conference Call February 7, 2023 8:00 AM ET Company Participants Kelly Boyer - VP, IR Christopher Rossi - President, CEO & Director Patrick Watson - VP & CFO Conference Call Participants Stephen Volkmann - Jefferies Tami Zakaria - JPMorgan Chase & Co. Michael Feniger - Bank of America Merrill Lynch Robert Barger - KeyBanc Capital Markets John Joyner - BMO Capital Markets Operator Good morning. I would like to welcome everyone to Kennametal's Second Quarter Fiscal ...

| --- | --- | --- | --- | --- | |------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|---------| | Strength in End-markets continues | Growth across all end markets \n• Energy end-market demand supported by US-land-only-rig count up ~35%, partially offset by some customer destocking at ...

Washington, D.C. 20549 FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ 1934 For the transition period from _______ to _______ KENNAMETAL INC. Commission file number 1-5318 (Exact name of registrant as specified in its charter) Pennsylvania 25-0900168 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September ...

Financial Data and Key Metrics Changes - Sales increased by 9% organically year-over-year, offset by a 7% negative foreign exchange impact, resulting in a total sales increase of 2% [7][20] - Adjusted EPS declined to $0.34 from $0.44 in the prior year quarter, primarily driven by macroeconomic factors [13][24] - Operating expenses as a percentage of sales increased to 21.9%, influenced by annual salary increases and increased travel costs [12][21] Business Line Data and Key Metrics Changes - Metal Cutting sales increased 9% organically year-over-year, with a foreign currency headwind of 8% [27] - Infrastructure organic sales increased by 10% year-over-year, also impacted by a 5% foreign exchange headwind [30] - Aerospace reported strong growth of 25% year-over-year, while general engineering grew 8% [28] Market Data and Key Metrics Changes - The Americas led with double-digit growth, while Asia Pacific faced challenges due to COVID-19 lockdowns in China [8][27] - EMEA sales were negatively affected by disruptions from the Ukraine crisis and the exit from Russia [8][28] - Energy markets showed strong double-digit growth, particularly in the U.S. oil and gas sector [30] Company Strategy and Development Direction - The company is focused on gaining market share through innovative products and operational excellence initiatives [14][46] - There is an emphasis on growth in electric vehicles, aerospace, and digital markets, aligning with megatrends [15][46] - The company plans to supplement organic growth through acquisitions [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic challenges such as high inflation and foreign exchange impacts but expressed confidence in long-term growth drivers [9][46] - The company expects sales for FY 2023 to be between $2 billion and $2.08 billion, with a volume increase of flat to 4% [41] - Management anticipates that supply chain disruptions will continue but expects them to fully abate by the end of the fiscal year [40] Other Important Information - The company repurchased $19 million of shares during the quarter, reflecting confidence in its strategic initiatives [36] - Free operating cash flow was negative $40 million, consistent with typical first-quarter patterns due to seasonal sales [35] Q&A Session Summary Question: Volume and Price Dynamics - Volume was up year-over-year, contributing approximately $4 million to operating income, with a model suggesting a volume increase of around $8 million [51][54] Question: End Market Performance - Aerospace increased, while EMEA weakened slightly due to the Ukraine conflict; general engineering remained steady [55] Question: Supply Chain and Pension Headwinds - Temporary supply chain issues are expected to mitigate by the end of the fiscal year, with specific guidance on pension and FX impacts provided [58][59] Question: Raw Material Costs - Raw material costs are expected to stabilize, but year-over-year headwinds will persist [66] Question: Competition and Pricing Strategy - Pricing strategies are based on value provided to customers, with limits on how much further prices can be increased due to competitive pressures [88][90] Question: Infrastructure Stimulus Impact - The company has not yet seen significant benefits from the infrastructure stimulus package, expecting more impact in fiscal year 2024 [105] Question: Force Majeure Details - The force majeure event affected raw material supply to infrastructure plants, but customer service levels were maintained [107]

FY23 First Quarter Earnings Call Presentation November 1, 2022 Safe Harbor Statement 1 Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's outlook for sales, adjusted operating income, FOCF, primary ...

Table of Contents 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 EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR 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 1-5318 KENNAMETAL INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0900168 (State or other ju ...

Kennametal Inc. (NYSE:KMT) Q4 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Kelly Boyer – Vice President-Investor Relations Chris Rossi – President and Chief Executive Officer Pat Watson – Vice President and Chief Financial Officer Conference Call Participants Steven Volkmann – Jefferies Joe Ritchie – Goldman Sachs Julian Mitchell – Barclays Chris Dankert – Loop Capital Operator Good morning, I would like to welcome everyone to Kennametal’s Fourth Quarter Fiscal 2022 Earnings ...

FY22 Fourth Quarter and Year-end Earnings Call Presentation 0 | © 2021 Kennametal Inc. l All rights reserved. August 2, 2022 Safe Harbor Statement Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's ...

Table of Contents 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, 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 1-5318 KENNAMETAL INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0900168 (State o ...

Kennametal Inc. (NYSE:KMT) Q3 2022 Results Earnings Conference Call May 3, 2022 8:00 AM ET Company Participants Kelly Boyer - Vice President, Investor Relations Christopher Rossi - President and Chief Executive Officer Damon Audia - Vice President and Chief Financial Officer Conference Call Participants Steve Volkmann - Jefferies Steven Fisher - UBS Julian Mitchell - Barclays Capital Tami Zakaria - J.P. Morgan Dillon Cumming - Morgan Stanley Operator Good morning and welcome to the Kennametal Third Quarter ...