Hillenbrand, Inc. Annual report pursuant to Section 13 and 15(d)

Segment and Geographical Information (Tables)

12 Months Ended

Sep. 30, 2016



	September 30,
	2016			2015			2014
Net revenue
Process Equipment Group	$	964.7		$	992.8		$	1,075.0
Batesville	573.7			604.0			592.2
Total net revenue	$	1,538.4		$	1,596.8		$	1,667.2

Adjusted EBITDA
Process Equipment Group	$	160.9		$	160.5		$	150.4
Batesville	143.5			145.5			150.8
Corporate	(37.3		)	(37.3		)	(25.7		)

Net revenue(1)
United States	$	857.0		$	915.0		$	874.4
Germany	482.7			477.3			561.1
All other foreign business units	198.7			204.5			231.7
Total revenue	$	1,538.4		$	1,596.8		$	1,667.2

Depreciation and amortization
Process Equipment Group	$	45.2		$	37.2		$	41.9
Batesville	14.1			15.8			15.5
Corporate	1.1			1.3			1.0
Total depreciation and amortization	$	60.4		$	54.3		$	58.4

(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.



	September 30,
	2016		2015
Total assets assigned
Process Equipment Group	$	1,694.6	$	1,537.3
Batesville	211.8		224.9
Corporate	54.5		45.9
Total assets	$	1,960.9	$	1,808.1

Tangible long-lived assets, net
United States	$	89.5	$	95.7
Germany	35.8		35.1
All other foreign business units	27.2		27.5
Tangible long-lived assets, net	$	152.5	$	158.3

The following schedule reconciles segment adjusted EBITDA to consolidated net income.



	Year Ended September 30,
	2016			2015			2014
Adjusted EBITDA:
Process Equipment Group	$	160.9		$	160.5		$	150.4
Batesville	143.5			145.5			150.8
Corporate	(37.3		)	(37.3		)	(25.7		)
Less:
Interest income	(1.2		)	(1.0		)	(0.8		)
Interest expense	25.3			23.8			23.3
Income tax expense	47.3			49.1			48.7
Depreciation and amortization	60.4			54.3			58.4
Business acquisition costs	3.7			3.6			8.4
Inventory step-up	2.4			—			—
Restructuring and restructuring related	10.2			7.5			5.5
Litigation	—			0.5			20.8
Pension settlement charge	—			17.7			—
Trade name impairment	2.2			—			—
Consolidated net income	$	116.8		$	113.2		$	111.2