Agenda Quarterly Overview Philip Falcone, Chairman and Chief Executive Officer Operating Highlights Omar Asali, President and Director (NYSE: HRG) Financial Highlights Tom Williams, Executive Vice President and CFO 2
Quarterly Overview Philip Falcone
4th Quarter and Fiscal Year 2014 Summary Strong 4th quarter Another strong quarter and fiscal year for Harbinger Group Inc. financial performance accompanied by Record 4th quarter and full year consolidated revenues various actions to…
Snapshot of Our Long-Term Progress 2010 20141 Annual Revenues 2.6 billion 6.0 billion We have accomplished a great deal since our recapitalization, Market Capitalization 120 million 2.7 billion(2) creating substantial value for…
Stock Buyback Program In May, we initiated a We believe HGIs shares provide an attractive return opportunity 100 million Common Currently trade at a discount to the sum-of-the-parts valuation Stock buyback program, subject to the We…
M&A HGI is an acquisitive Multiples continue to be high, mitigating value creation opportunities company, pursuing businesses that are We will maintain our discipline in this environment and not transact at an uneconomic either fairly…
Our Corporate Structure Harbinger Group Inc. (HGI) is a NYSE-listed diversified holding company seeking to acquire and grow attractive businesses that generate sustainable free cash flow. Market Cap1: 2.7BN Consolidated Assets3:…
Operational Highlights Omar Asali
4th Quarter and FY 2014 Highlights Record topline Record consolidated revenues this fiscal year, with increases from all lines of the performance this year, business over Fiscal 2013 with very strong operating performance Consumer…
Consumer Products Spectrums share price Business fundamentals remain strong increased 37.5% in Fiscal 2014, more than Consistent performance across key metrics double the performance of the Capital structure actions taken in Fiscal…
Consumer Products 4th Quarter and Fiscal Record fiscal year results, with across-the-board increases in: 2014 results for Revenue Consumer Products Segment were Adjusted EBITDA exceptional and the Free Cash Flow business is poised to…
Insurance Products Key fundamentals in Fixed annuity sales at FGL increased 91% vs. 4Q13 and 20% vs. 3Q14 the Insurance Segment Sales of products launched this past year contributed approximately 35% to total fixed remain very…
Energy Products Our Energy Segment is Increases in revenue and Adjusted EBITDA compared to Fiscal 2013 comprised of long- lived, lower-decline rate 4th quarter production levels consistent with last quarter and lower geologic-risk…
Asset Management Revenue in the Asset Diversified lending platform that is synergistic with our FGL and FSR operations Management segment increased 18% in Limited contributions from the businesses in start-up mode in Fiscal 2014:…
Opportunities for Additional Growth A key tenet of our strategy is to expand our business through the acquisition of assets that can, over the long-term, contribute positively to free cash flow and Consumer Insurance & Asset New…
Financial Highlights Tom Williams
4Q Revenue Highlights REVENUES1 (in millions) Consumer Products Energy1 Consolidated revenues 1,178 of 1.51 billion, the Record fourth quarter Natural production 1,138 results declines from highest ever 4th quarter +3.6% Strong…
4Q Profitability Highlights PROFITABILITY MEASURES1,2 (in millions) Consumer Products (Adjusted EBITDA) Energy (Adjusted EBITDA)2 Continued growth in Consumer Products 16th consecutive Lower realized 16 185 187 quarter of…
2014 Highlights CONSOLIDATED REVENUES PROFITABILITY METRICS Ms Ms 6,500 Record consolidated Consumer Products Energy revenues at HGI in Adjusted EBITDA Adjusted EBITDA FY14 677 724 63 +7.0% Increasing profitability 5,200 +59.8%…
Capital Structure Update We continue to Issued 200.0 million in aggregate principal of 7.75% Senior Notes due 2022 under the strengthen our capital existing indenture structure and position As with other recent transactions, this…
4Q 2014 Sum of the Parts Valuation (Dilutive) without AOCI SUM OF THE PARTS VALUATION ESTIMATED VALUE VS. COMMON STOCK PRICE () As of September 30, 2.08 -7.04 2014, the estimated 1.96 0.34 Difference of net value of our 5.93 0.50…
Conclusion Sustainable Free Strong Disciplined Commitment to Cash Flow Management Acquisition Long-term Generating Assets Team Approach Value Creation 24
Questions and Answers
November 21st, 2014 4th Quarter Conference Call
Appendix
Reconciliation of Adjusted EBITDA of Consumer Products Segment to U.S. GAAP RECONCILIATION OF ADJUSTED EBITDA OF CONSUMER PRODUCTS SEGMENT TO U.S. GAAP NET INCOME (UNAUDITED) Fiscal Quarter (a) Fiscal Year ( in Millions) 2014 2013…
Reconciliation of Adjusted EBITDA of Energy Segment to U.S. GAAP RECONCILIATION OF ADJUSTED EBITDA OF ENERGY SEGMENT TO U.S. GAAP NET LOSS (UNAUDITED) Fiscal Quarter (a) Fiscal Year ( in Millions) 2014 2013 2014 2013 Reported net…
Reconciliation of Adjusted Operating Income of Insurance Segment to U.S. GAAP RECONCILIATION OF ADJUSTED OPERATING INCOME OF INSURANCE SEGMENT TO U.S. GAAP NET INCOME (UNAUDITED) Fiscal Quarter (a) Fiscal Year ( in Millions) 2014…
Loading...
