EX-99.2 3 a51210322-ex992.htm EXHIBIT 99.2

Exhibit 99.2

Albany International Corp. Q3 Financial Performance October 27, 2015 ©Albany International Corp. All right reserved.

‘Non‐GAAP’ Items and Forward‐Looking Statements This presentation contains certain items, such as net income attributable to the Company, excluding adjustments (absolute as well as per‐share), earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA and net debt, that could be considered ‘non‐GAAP’ financial measures under SEC rules. We think such items provide useful information to investors regarding the Company’s operational performance. This presentation also may contain statements, estimates, or projections that constitute “forward‐looking statements” as defined under U.S. federal securities laws. Forward‐looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. We disclaim any obligation to update any information in this presentation to reflect any changes or developments after the date on the cover page. Certain additional disclosures regarding our use of these ‘non‐GAAP’ items and forward‐looking statements are set forth in our third‐quarter earnings press release dated October 27, 2015, and in our SEC filings, including our most recent quarterly reports and our annual reports for the years ended December 31, 2012, 2013, and 2014. Our use of such items in this presentation is subject to those additional disclosures, which we urge you to read. 2

Net Sales by Segment (in thousands) Net Sales Three Months ended September 30, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $154,522 $157,891 -2.1% ($9,364) 3.8% Albany Engineered Composites (AEC) 24,267 21,970 10.5% (166) 11.2% Total $178,789 $179,861 -0.6% ($9,530) 4.7% 3 (in thousands)

Net Sales Nine Months ended September 30, 2015 2014 Percent Change Impact of Changes in Currency Translation Rates Percent Change excluding Currency Rate Effect Machine Clothing (MC) $463,577 $494,788 -6.3% ($30,651) -0.1% Albany Engineered Composites (AEC) 68,825 58,898 16.9% (906) 18.4% Total $532,402 $553,686 -3.8% ($31,557) 1.9% Gross Profit Margin by Quarter Percentage of Net Sales 45.0% 42.4% 41.9% 43.0% 47.5% 45.2% 48.4% 41.5% 38.9% 38.2% 38.0% 42.3% 31.7% 42.4% 30% 35% 40% 45% 50% 55% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Machine Clothing Total Company 4 Includes 8.1% impact from BR725 charge

Earnings Per Share 5 Per share amounts (Basic) Three Months ended September 30, 2015 2014 Nine Months ended September 30, 2015 2014 Net income/(loss) attributable to the Company, as reported $0.30 $0.37 $0.62* $1.06 Adjustments: Restructuring charges, net 0.07 0.02 0.27 0.08 Income tax adjustments 0.12 0.01 0.16 0.07 Foreign currency revaluation (gains)/losses (0.02) (0.08) (0.08) (0.11) Gain on insurance recovery - (0.01) - (0.04) Gain on sale of investment - - (0.02) - Net income attributable to the Company, excluding adjustments $0.47 $0.31 $0.95 $1.06 *Includes $0.28 charge for BR725

Adjusted EBITDA 6 Three Months ended September 30, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Net income $41,956 ($4,191) ($28,085) $9,680 Interest expense, net - - 2,671 2,671 Income tax expense - - 12,243 12,243 Depreciation and amortization 9,660 2,981 2,102 14,743 EBITDA 51,616 (1,210) (11,069) 39,337 Restructuring and other, net 3,717 - - 3,717 Foreign currency revaluation (gains)/losses (2,005) - 957 (1,048) Gain on insurance recovery - - - - Pretax (income)/loss attributable to non-controlling interest in ASC - (25) - (25) Adjusted EBITDA $53,328 ($1,235) ($10,112) $41,981 Three Months ended September 30, 2014 Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company $33,308 ($2,765) ($18,769) $11,774 - - 2,486 2,486 - - 6,762 6,762 11,060 2,607 2,069 15,736 44,368 (158) (7,452) 36,758 968 (49) - 919 (2,308) 135 (1,915) (4,088) - - (165) (165) - 77 - 77 $43,028 $5 ($9,532) $33,501 *Includes $14.0 million charge for BR725 Nine Months ended September 30, 2015 (in thousands) Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company Adjusted EBITDA $150,441 ($17,922)* ($30,195) $102,324 Nine Months ended September 30, 2014 Machine Clothing Albany Engineered Composites Corporate expenses and other Total Company $138,719 ($1,175) ($28,995) $108,549

Debt $ thousands $94,040 $78,225 $88,205 $92,970 $111,765 $120,172 $98,710 $302,419 $285,061 $283,666 $272,772 $282,603 $302,646 $270,490 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 March 31, 2015 June 30, 2015 September 30, 2015 Net Debt Total Debt 7