Hamilton Beach Brands Holding Co - FORM 8-K - EX-99 - EXHIBIT 99

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8-K - 8-K - Hamilton Beach Brands Holding Co	dataschedule33120188-k.htm



																		EXHIBIT 99
Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)

	Revenues (2)
	Q1		Q2		Q3		Q4		FY
2017	140,282		152,976		181,713		265,778		740,749
2018	146,633

	Operating (loss) profit (2)
	Q1		Q2		Q3		Q4		FY
2017	(2,438	)	2,164		7,430		30,979		38,135
2018	(337	)

	Interest Expense (2)
	Q1		Q2		Q3		Q4		FY
2017	415		462		423		531		1,831
2018	544

	Other (Income) Expense (2)
	Q1		Q2		Q3		Q4		FY
2017	(682	)	(297	)	40		1,166		227
2018	227

	Income (Loss) Before Income Tax Provision (2)											Effective Income Tax Rate (2)
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2017	(2,171	)	1,999		6,967		29,282		36,077		2017	37.4	%	38.0	%	38.9	%	53.0	%	50.4	%
2018	(564	)									2018	25.9	%

	Net Income (Loss) (2)
	Q1		Q2		Q3		Q4		FY
2017	(1,358	)	1,239		4,259		13,765		17,905
2018	(418	)

	Depreciation and amortization expense (2)
	Q1		Q2		Q3		Q4		FY
2017	1,308		1,174		1,227		1,902		5,611
2018	1,235

	Capital Expenditures (2)
	Q1		Q2		Q3		Q4		FY
2017	1,225		1,174		1,967		3,008		7,374
2018	(2,401	)

	Net cash provided by (used for) operating activities (2)
	Q1		Q2		Q3		Q4		FY
2017	(22,161	)	5,900		8,561		41,140		33,440
2018	(39,134	)

	Net cash used for investing activities (2)
	Q1		Q2		Q3		Q4		FY
2017	(1,220	)	(1,158	)	(1,967	)	(3,008	)	(7,353	)
2018	(2,401	)



Hamilton Beach Brands Holding Company - Consolidated
(in thousands, except percentage data)

		Cash flow before financing activities (1) (2)
		Q1		Q2		Q3		Q4		FY
2017		(23,381	)	4,742		6,594		38,132		26,087
2018		(41,535	)

		Net cash provided by (used for) financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		17,263		(4,701	)	(8,815	)	(30,349	)	(26,602	)
2018		33,000

		Dividends Paid to NACCO Industries, Inc.
		Q1		Q2		Q3		Q4		FY
2017		3,000		—		35,000		—		38,000
2018		—

		Total debt (2)
		Q1		Q2		Q3		Q4		FY
2017		58,978		54,276		80,462		51,346		51,346
2018		85,508

		Equity (2)
		Q1		Q2		Q3		Q4		FY
2017		61,534		62,961		32,299		46,408		46,408
2018		47,637

(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	On September 29, 2017, NACCO Industries, Inc. (“NACCO”, ticker symbol NC) spun-off Hamilton Beach Brands Holding Company ("the Company” or “HBBHC”).




Hamilton Beach Brands, Inc.
(in thousands, except percentage data)

	Revenues								Revenues % Change Year Over Year
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2017	114,154		127,574		153,592	219,751	615,071	2017	(1.4	)%	0.4	%	(2.3	)%	7.1	%	1.6	%
2018	125,414							2018	9.9	%

	Gross Profit								Gross Profit %
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2017	22,615		27,128		35,023	50,938	135,704	2017	19.8	%	21.3	%	22.8	%	23.2	%	22.1	%
2018	27,704							2018	22.1	%

	Operating Expenses								Operating Expenses as a % of revenues
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2017	21,833		21,964		26,022	24,398	94,217	2017	19.1	%	17.2	%	16.9	%	11.1	%	15.3	%
2018	23,711							2018	18.9	%

	Operating Profit (Loss)								Operating Profit (Loss) %
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2017	782		5,164		9,001	26,540	41,487	2017	0.7	%	4.0	%	5.9	%	12.1	%	6.7	%
2018	3,993							2018	3.2	%

	Interest Expense
	Q1		Q2		Q3	Q4	FY
2017	380		382		343	472	1,577
2018	522

	Other (Income) Expense
	Q1		Q2		Q3	Q4	FY
2017	(700	)	(310	)	26	1,150	166
2018	(329	)

	Income (Loss) Before Taxes								Effective Income Tax Rate
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2017	1,102		5,092		8,632	24,918	39,744	2017	37.5	%	37.3	%	39.2	%	51.9	%	46.9	%
2018	3,800							2018	26.3	%

	Net Income (Loss)
	Q1		Q2		Q3	Q4	FY
2017	689		3,195		5,245	11,988	21,117
2018	2,802

	Depreciation and amortization expense
	Q1		Q2		Q3	Q4	FY
2017	1,026		900		960	1,186	4,072
2018	969

	Net Working Capital (1)
	Q1		Q2		Q3	Q4	FY
2017	90,132		87,789		101,323	96,359	96,359
2018	122,319




Hamilton Beach Brands, Inc.
(in thousands, except percentage data)

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2017		972		967		1,738		2,521		6,198
2018		(2,286	)

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2017		(11,476	)	7,522		7,546		25,195		28,787
2018		(28,226	)

		Net cash used for investing activities
		Q1		Q2		Q3		Q4		FY
2017		(967	)	(951	)	(1,738	)	(2,521	)	(6,177	)
2018		(2,286	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		(12,443	)	6,571		5,808		22,674		22,610
2018		(30,512	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2017		14,863		(6,501	)	(8,215	)	(23,679	)	(23,532	)
2018		30,798

		Cash dividends to Hamilton Beach Brands Holding Company
		Q1		Q2		Q3		Q4		FY
2017		—		—		35,000		—		35,000
2018		(1,162	)

		Total debt
		Q1		Q2		Q3		Q4		FY
2017		53,578		47,076		73,862		51,346		51,346
2018		83,308

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4	FY
2017		45,511		48,895		19,077		31,409		31,409		2017	54.2%	55.1%	53.6%	55.9%	55.9%
2018		35,858										2018	64.3%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




Kitchen Collection, LLC
(in thousands, except percentage data and number of stores)

	Number of stores										Average sales per store
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	208		209		209		210	210		2017	128		124		137		225		612
2018	199									2018	111

	Revenues
	Q1		Q2		Q3		Q4	FY
2017	26,665		25,868		28,644		47,343	128,520
2018	22,100

	Gross Profit										Gross Profit %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	11,903		11,695		13,093		21,359	58,050		2017	44.6	%	45.2	%	45.7	%	45.1	%	45.2	%
2018	10,115									2018	45.8	%

	Operating Expenses										Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	15,182		14,703		14,674		16,909	61,468		2017	56.9	%	56.8	%	51.2	%	35.7	%	47.8	%
2018	14,419									2018	65.2	%

	Operating Profit (Loss)										Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	(3,279	)	(3,008	)	(1,581	)	4,450	(3,418	)	2017	(12.3	)%	(11.6	)%	(5.5	)%	9.4	%	(2.7	)%
2018	(4,304	)								2018	(19.5	)%

	Interest Expense
	Q1		Q2		Q3		Q4	FY
2017	35		79		80		60	254
2018	22

	Other Expense
	Q1		Q2		Q3		Q4	FY
2017	18		14		14		15	61
2018	12

	Income (Loss) Before Taxes										Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2017	(3,332	)	(3,101	)	(1,675	)	4,375	(3,733	)	2017	35.7	%	36.5	%	31.0	%	54.4	%	12.3	%
2018	(4,338	)								2018	16.1	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4	FY
2017	(2,143	)	(1,970	)	(1,155	)	1,996	(3,272	)
2018	(3,638	)

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2017	282		274		267		716	1,539
2018	267




Kitchen Collection, LLC
(in thousands, except percentage data and number of stores)

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2017		21,863		19,183		18,085		9,453		9,453
2018		14,957

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2017		253		207		229		487		1,176
2018		116

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2017		(10,685	)	(1,622	)	1,017		15,945		4,655
2018		(10,898	)

		Net cash used for investing activities
		Q1		Q2		Q3		Q4		FY
2017		(253	)	(207	)	(229	)	(487	)	(1,176	)
2018		(116	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2017		(10,938	)	(1,829	)	788		15,458		3,479
2018		(11,014	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2017		2,400		1,800		(600	)	(6,670	)	(3,070	)
2018		2,200

		Cash dividends to NACCO
		Q1		Q2		Q3		Q4		FY
2017		3,000		—		—		—		3,000
2018		—

		Total debt
		Q1		Q2		Q3		Q4		FY
2017		5,400		7,200		6,600		—		—
2018		2,200

		Equity
		Q1		Q2		Q3		Q4		FY
2017		16,252		14,282		13,126		15,121		15,121
2018		11,483

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.

Hamilton Beach Brands Holding Co - FORM 8-K - EX-99 - EXHIBIT 99 - May 2, 2018