Zurn Elkay Water Solutions Corporation · NYSE:ZWS
Zurn Elkay Water Solutions — Q1 2023 Earnings Presentation
11 slides from Zurn Elkay Water Solutions's earnings presentation, Apr 26, 2023
Slide 1: First Quarter 2023 Financial Results
First Quarter 2023 Financial Results April 26, 2023
Slide 2: Cautionary Statement Under the Private Securities Litigation Reform Act
CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include statements we make con
Slide 3: Performance Update
Performance Update 1Q Results Strategic Developments ✓ 1Q net sales increased +55% year over year ✓ Repurchased $37M of shares ✓ Core sales(1) +3% …FX -1% in 1Q ✓ Proforma Core sales(1) (2) +5% ✓ Launched awareness campaign ✓ Adjusted EBITDA(1) margin of 19.5% around safe drinking water in the U.S.
Slide 4: 1Q Zurn Elkay 2023 Results
1Q Zurn Elkay 2023 Results Consolidated Results $ in millions 1Q 2023 1Q 2022 Change Net Sales $372 $240 55% Growth from: Core (1) 3% Pro forma Core (2) 5% Acquisitions 53% FX (1%) Adjusted EBITDA (1) $72 $52 39% % of Sales 19.5% 21.7% -220 bps (1) Non-GAAP measure defined, reconciled, and discussed
Slide 5: Zurn Elkay Leverage and Debt
Zurn Elkay Leverage and Debt Net Debt Leverage Ratio(1) Total Debt ($ millions) 2.5x 1,500 2.1x 2.1x 2.0x 2.0x 1,000 1,118 1.6x 1.5x 500 540 536 539 557 1.4x 1.0x 0 Dec-20 Dec-21 Dec-22 Mar-22 Mar-23 Dec-20 Dec-21 Dec-22 Mar-22 Mar-23 (1) Net Debt Leverage is defined as the ratio of total debt less
Slide 6: More States Fighting for Clean Water
More States Fighting for Clean Water Massachusetts Texas California Safe Healthy and Safe School Safe Drinking Water Drinking Water AB 229 Water Plan H.B. No. 1123 in Schools Bill H.851 Introduced: March 2023 Introduced: December 2022 Introduced: January 2023 # of K12 Schools: ~9,000 # of K12 School
Slide 7: Awareness Campaign Launched
Awareness Campaign Launched SCAN TO LEARN MORE and SPREAD THE WORD! 7 |
Slide 8: Fountains for Youth
Fountains for Youth ✓ We are supporting schools and communities around the country by donating filtered Elkay ezH2O bottle filling stations ✓ Charitable contributions focused on states with large drinking water lead exposure levels ✓ Los Angeles, CA ✓ Benton Harbor, MI ✓ Milwaukee, WI 8 |
Slide 9: 1Q ESG/Sustainability Impact
1Q ESG/Sustainability Impact SUSTAINABLE PRODUCTS WASTE REDUCTION BOARD DIVERSITY 74% 4.6 Billion 30% % revenue from Single use plastic water of the board of products with bottles eliminated in 1Q directors is female; sustainable attributes 2023 40% diversity overall in 1Q 2023 ENERGY / GHG REDUCTIO
Slide 10: Zurn Elkay Outlook
Zurn Elkay Outlook Full Year outlook unchanged June Quarter (2Q) 2Q ‘22 Pro Forma Sales ✓ Total net sales between $385 million and $395 million… pro 0 forma 2Q outlook assumes: + $154 - $29 $409 ✓ Non-residential sales growth -1% to -4%...impacted by prior year backlog reduction…positive order growt
Slide 11: Thank You
Thank You
Zurn Elkay Water Solutions — Q1 2023 Earnings Presentation on 6ix