Advanced Drainage Systems, Inc. (NYSE:WMS) Q2 2024 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Mike Higgins – Vice President-Corporate Strategy and Investor Relations Scott Barbour – President and Chief Executive Officer Scott Cottrill – Chief Financial Officer Conference Call Participants Matthew Bouley – Barclays Garik Shmois – Loop Capital Joe Ahlersmeyer – Deutsche Bank John Lovallo – UBS David Tarantino – KeyBanc Capital Markets Inc. Noah Merkousko – Stephens Inc. Operato ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) D ...

//ADS Q2 Fiscal 2024 Financial Results November 2, 2023 Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations //ADS Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Cartain statements in this press release may be deemed to be forward-looking statements. These statements are not historical fasts but rather are bossed on t ...

Financial Data and Key Metrics Changes - The first quarter of fiscal 2024 showed net sales and adjusted EBITDA results exceeding expectations, with a record adjusted EBITDA margin of 36.2%, which is 350 basis points higher than the same quarter last year [5][6][13] - Despite a 15% demand-driven sales decline, the company achieved record profitability due to effective pricing strategies and cost control measures [5][6][13] Business Line Data and Key Metrics Changes - Sales of Infiltrators active treatment products and ADS' HP Pipe and Water Quality products increased, demonstrating the effectiveness of the market share model [6][7] - The Infiltrator business performed better than expected, with a decline of only 15% to 20% anticipated, compared to previous expectations of a more significant drop [39][41] Market Data and Key Metrics Changes - The residential market outlook improved due to a shortage of available housing, which is expected to drive long-term growth [9] - The infrastructure market saw a 1% increase, with activities related to government stimulus programs beginning to pick up [11] Company Strategy and Development Direction - The company remains focused on sustainable water management solutions and plans to invest in capacity, new products, and automation to prepare for market upturns [14][15] - The company is committed to maintaining its leadership position in sustainable water management while managing costs in a lower demand environment [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the demand environment, particularly in the residential and non-residential markets, while acknowledging uncertainties due to credit tightening [11][19] - The company is closely monitoring order rates and backlog to respond quickly to changes in demand [19] Other Important Information - The company generated $202 million in free cash flow year-to-date, with capital spending increasing by 17% year-over-year to $42 million [16][17] - The quarterly dividend was increased by 17% to $0.14 per share, reflecting the company's commitment to returning cash to shareholders [18] Q&A Session Summary Question: Pricing discipline and competitive landscape - Management noted regional price activity but emphasized that it is manageable and not beyond expectations [21][22][23] Question: Margin expectations for the upcoming quarters - Management expects to maintain EBITDA margins in the range of 28% to 29% for the year, with a cautious approach due to uncertainties in the non-residential market [25][27][29] Question: Outlook for Infiltrator growth - Management remains optimistic about Infiltrator's performance, with expectations of continued improvement despite previous declines [39][41] Question: SG&A cost management - SG&A costs are flat year-over-year, with ongoing investments in key areas to support long-term growth [45][46] Question: Impact of mega projects on business - Management highlighted the importance of large projects and the competitive advantages of their products in these scenarios [77][79] Question: Timeline for land development following housing starts - Management indicated a typical lag of eight months or more before land development activity picks up following improvements in housing starts [80]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (614) 658-0050 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, I ...

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 March 31, 2023 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 NO.: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securit ...

Advanced Drainage Systems, Inc. (NYSE:WMS) Q4 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Michael Higgins - Vice President of Corporate Strategy and Investor Relations Scott Barbour - President and CEO Scott Cottrill - CFO Conference Call Participants Michael Halloran - Baird Matthew Bouley - Barclays Spencer Kaufman - UBS Joseph Ahlersmeyer - Deutsche Bank Jeffrey Stevenson - Loop Capital Bryan Blair - Oppenheimer Operator Hello, everyone and welcome to ADS's Fourth Quarter ...

//ADS Q4 Fiscal 2023 Financial Results May 18, 2023 Management Presenters Scott Barbour President and Chief Executive Officer Scott Cottrill Executive Vice President, Chief Financial Officer Mike Higgins Vice President, Corporate Strategy & Investor Relations //ADS Forward Looking Statements and Non-GAAP Financial Metrics Forward Looking Statements Cartain statements in this press release may be deemed to be forward-looking statements. These statements are not historical fasts but rather are bossed on the C ...

Advanced Drainage Systems, Inc. (NYSE:WMS) Q3 2023 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Mike Higgins - Vice President of Corporate Strategy and Investor Relations Scott Barbour - President and CEO Scott Cottrill - CFO Conference Call Participants Michael Halloran - Baird Matthew Bouley - Barclays Garik Shmois - Loop Capital Spencer Kaufman - UBS Operator Good morning, ladies and gentlemen, and welcome to the Advanced Drainage Systems Third Quarter of Fiscal Year 2023 Re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) De ...