Slide 1: Badger Meter Third Quarter 2024 Financial Results
Badger Meter Third Quarter 2024 Financial Results October 17, 2024 1
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements contained in this presentation as well as other information provided from time to time by Badger Meter, Inc. (the “Company”) or its employees, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to
Slide 3: Third Quarter Results Demonstrate Strong Execution of Strategic Priorities
Third Quarter Results Demonstrate Strong Execution of Strategic Priorities Consolidated Y-O-Y Sales Growth Trend 26% 24% 23% 23% • Sales of $208M in Q3 2024, 12% higher than the prior year’s difficult comparison benefitting from continued strong, yet normalizing smart water demand 12% • Delivered re
Slide 4: Third Quarter Financial Snapshot Reflects Strong Performance Across an Array of Metrics
Third Quarter Financial Snapshot Reflects Strong Performance Across an Array of Metrics (US$ in millions, except per share data) Q3 2024 Q3 2023 Change • Utility water sales increased 14% with solid adoption across the tailorable BlueEdge suite of solutions Sales $208.4 $186.2 11.9% including meters
Slide 5: Recent WEFTEC Tradeshow Featured Various BlueEdge Solutions for Customer Applications
Recent WEFTEC Tradeshow Featured Various BlueEdge Solutions for Customer Applications in Wastewater and Distribution Network Monitoring • BlueEdge suite of tailorable solutions that integrate water technology, software and services for the management of water • BlueEdge is customizable to address di
Slide 6: Outlook Continues to Support Long-Term Shareholder Value Creation
Outlook Continues to Support Long-Term Shareholder Value Creation with Favorable Demand and Industry Dynamics • Innovation leader with • Durable macro trends • Strong cash flow and • Differentiated • Strong engagement expanding technology- support long-term borrowing capacity performance despite • V
Slide 7: Questions
Questions For your planning purposes, Badger Meter Q4 2024 earnings are tentatively scheduled for January 29, 2025 7
Slide 8: GAAP To Non-GAAP Reconciliations
GAAP To Non-GAAP Reconciliations EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q3 2024 Q3 2023 YTD 2024 YTD 2023 Q3 2024 Q3 2023 Net Earnings (GAAP) $32.0 $26.0 $94.2 $67.9 Cash from Ops (GAAP) $45.1 $31.4 Interest income (2.3) (1.2) (5.7) (2.6) Capital Expenditures (3.1) (3.0) Income ta