Carlisle Companies Incorporated · NYSE:CSL

Carlisle Companies — Q2 2006 Earnings Presentation

14 slides from Carlisle Companies's earnings presentation, Jul 25, 2006

  1. Slide 1: Second Quarter 2006 Earnings Conference Call

    Second Quarter 2006 Earnings Conference Call July 25, 2006

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements During the course of this presentation, we may make projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty an

  3. Slide 3: Second Quarter Results (unaudited)

    Second Quarter Results (unaudited) ($ in millions, except EPS) 2006 2005 * HIGHLIGHTS Net sales $ 692.7 $ 591.6 Sales up 17%  Organic growth accounted for 83% of total growth Earnings from continuing operations, $ 84.2 $ 66.0  Acquisitions in the Diversified Components segment before interest and

  4. Slide 4: Balance Sheet (unaudited)

    Balance Sheet (unaudited) ($ in thousands) June 30, 2006 December 31, 2005 * Assets Cash & cash equivalents $ 30,273 $ 38,745 Receivables 265,067 163,277 Inventories 359,456 336,090 Prepaid expenses and other 54,607 57,272 Current assets held for sale 57,156 65,788 Total current assets 766,559 661,1

  5. Slide 5: Cash Flow (unaudited)

    Cash Flow (unaudited) ($ in thousands) Six months ended June 30, 2006 2005 * Operating activities Net income $ 97,224 $ 62,929 (Income) Loss from discontinued operations, net of tax (3,492) 7,908 Depreciation and amortization 28,351 26,848 Receivables under securitization program (4,900) - Working C

  6. Slide 6: Cash Flow (unaudited) (continued)

    Cash Flow (unaudited) (continued) ($ in thousands) Six months ended June 30, 2006 2005 * Financing activities Net change in short-term debt and revolving credit lines $ (15,062) $ 68,147 Reductions of long-term debt - (260) Dividends (15,360) (14,304) Purchase of common shares - (16,428) Treasury sh

  7. Slide 7: Second Quarter Segment Results

    Second Quarter Segment Results Net Sales EBIT * $692.7 million $91.5 million Construction Construction Materials Materials 50.9% 42.3% Diversified Diversified Components Components 26.7% 23.5% Industrial Industrial Components Components 31.0% 25.6% * Excludes Corporate Expense of $7.3 million 7

  8. Slide 8: Construction Materials

    Construction Materials „ Carlisle SynTec – rubber (“EPDM”), FleeceBACK® Sales and plastic (“TPO”) roofing systems $400 $292.9 „ Versico – rubber (“EPDM”) Versigard® and $300 $227.9 (Millions) thermoplastic Versiweld® roofing systems $200 „ Carlisle Coatings and Waterproofing – coatings, tapes, adhes

  9. Slide 9: Construction Materials (continued)

    Construction Materials (continued) Quarter Highlights • Net sales of $292.9 million in the second quarter of 2006 were 29% above net sales of $227.9 million in 2005, primarily related to higher volumes of TPO membrane and insulation reflecting Carlisle’s expanded geographic reach and focus on total

  10. Slide 10: Industrial Components

    Industrial Components „ Carlisle Tire & Wheel – bias-ply and radial tires, steel and specialty wheels Sales $300 $214.7 $209.2 (Millions) „ Carlisle Power Transmission – industrial $200 power transmission belt and pulley products $100 $0 2006 2005 2nd Qtr EBIT $30 $23.4 $19.8 (Millions) $20 $10 $0 2

  11. Slide 11: Industrial Components (continued)

    Industrial Components (continued) Quarter Highlights • Second quarter 2006 net sales of $214.7 million represented a 3% increase over net sales of $209.2 million for the same period in 2005. • The tire and wheel business increased revenues on higher commercial outdoor power equipment, ATV, and high

  12. Slide 12: Diversified Components

    Diversified Components ƒ Carlisle FoodService – plastic foodservice permanentware, industrial brushes, brooms, metal Sales cookware $250 ƒ Tensolite – aerospace and high performance wire, $200 $185.1 $154.5 (Millions) cable and connectors $150 ƒ Trail King – standard and custom-built trailers $100 ƒ

  13. Slide 13: Diversified Components (continued)

    Diversified Components (continued) Quarter Highlights • Net sales of $185.1 million in the second quarter of 2006 were 20% higher than net sales of $154.5 million for the same period 2005. • EBIT of $21.5 million for the period ending June 30, 2006 was 41% higher than EBIT of $15.3 million in the se

  14. Slide 14: Slide 14

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