Badger Meter, Inc. · NYSE:BMI
Badger Meter — Q1 2024 Earnings Presentation
8 slides from Badger Meter's earnings presentation, Apr 18, 2024
Slide 1: Badger Meter First Quarter 2024 Financial Results
Badger Meter First Quarter 2024 Financial Results April 18, 2024 © 2024 Badger Meter, Inc. 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: Strong First Quarter Results to Start Off the Year
Strong First Quarter Results to Start Off the Year Consolidated Y-O-Y Sales Growth Trend 28% 26% 24% 23% • Sales of $196.3M in Q1 2024, 23% higher versus the prior year; and 20% up nearly 8% sequentially. Q1 represents the easiest year-over-year comparison of the year. • Strong execution with record
Slide 4: First Quarter Financial Snapshot Demonstrates Continued Strong Operating Performance
First Quarter Financial Snapshot Demonstrates Continued Strong Operating Performance (US$ in millions, except per share data) Q1 2024 Q1 2023 Change • Utility water sales increased 29% with strong AMI demand inclusive of cellular endpoints, BEACON SaaS Sales $196.3 $159.1 23.4% and ultrasonic meters
Slide 5: Providing Insight into Recent Investor Topics of Interest
Providing Insight into Recent Investor Topics of Interest (Please refer to transcript of the Q1 earnings call for further details on each item) Common Investor Topics Badger Meter View An ultrasonic meter is a smart meter Meter measurement technology is not what makes a meter “smart” – it is the add
Slide 6: Outlook Continues to Support Long-Term Shareholder Value Creation
Outlook Continues to Support Long-Term Shareholder Value Creation with Favorable Demand and Industry Dynamics • Innovation leader with • Durable macro trends • Strong cash flow and • Differentiated • Strong engagement expanding technology- support long-term borrowing capacity performance on • Values
Slide 7: Questions
Questions For your planning purposes, Badger Meter Q2 2024 earnings are tentatively scheduled for July 19, 2024 © 2024 Badger Meter, Inc. 7
Slide 8: GAAP To Non-GAAP Reconciliations
GAAP To Non-GAAP Reconciliations EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q1 2024 Q1 2023 Q1 2024 Q1 2023 Cash from Ops (GAAP) $21.5 $18.0 Net Earnings (GAAP) $29.1 $19.4 Capital Expenditures (2.7) (4.3) Interest income (1.5) (0.6) Free Cash Flow $18.8 $13.7 Income tax provision 9.0