Mueller Water Products · NYSE:MWA
Mueller Water Products — Corporate Update (January 2017)
13 slides from Mueller Water Products's corporate update, Jan 9, 2017
Slide 1: Where Intelligence Meets Infrastructure - Analyst and Investor Call
Where Intelligence Meets Infrastructure® Analyst and Investor Call January 9, 2017
Slide 2: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In an effort to provide investors with additional information The calculations of these non-GAAP measures and regarding the Company's divestiture of its Anvil International reconciliations to the Company’s GAAP results (on a pro division, the Company is providing in this
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address activities that may occur in the future are forward-looking statements. The
Slide 4: Strategic Actions to Create Shareholder Value
STRATEGIC ACTIONS TO CREATE SHAREHOLDER VALUE Created higher-margin, pure-play water infrastructure company through sale of Company’s Anvil division (divestiture of non-core assets) for gross proceeds of $315 million Expanded share repurchase authorization up to $250 million, including existing $45
Slide 5: Divestiture Creates Higher-Margin, Focused Company
DIVESTITURE CREATES HIGHER-MARGIN, FOCUSED COMPANY Streamlined, pure-play water infrastructure company positioned to capitalize on attractive growth opportunities and optimize capital allocation Anvil sale is result of robust, 15-month review of alternatives conducted with assistance of outside ad
Slide 6: Core Business and Attractive End Markets
CORE BUSINESS AND ATTRACTIVE END MARKETS FY2016 NET SALES: $801 MILLION* Net sales: $716mm Net sales: $85mm 30% 10% 60% 100% Natural gas Residential utilities Repair and Municipal spending construction* replacement of municipal water distribution and treatment systems PORTFOLIO Leak Detection and Fi
Slide 7: Broad Product Portfolio Across Key Markets
BROAD PRODUCT PORTFOLIO ACROSS KEY MARKETS $ in millions (2) + = Net Sales $ 715.7 $ 84.9 $ 800.6 Adjusted Operating 162.3 (10.2) 115.9 Income(Loss)(1) Depreciation & Amortization 34.2 4.8 39.5 Adjusted EBITDA(1) 196.5 (5.4) 155.4 Fire Hydrants Metering Systems Water Infrastructure Product and Servi
Slide 8: Balanced Capital Allocation
BALANCED CAPITAL ALLOCATION Organic investments and acquisitions in areas adjacent to core business Investments will be carefully evaluated against the long-term value created through return of capital to stockholders Board authorized increase in share buybacks up to a total of $250 million Divide
Slide 9: Announced Seamless Leadership Transition
ANNOUNCED SEAMLESS LEADERSHIP TRANSITION Scott Hall to become next President and CEO; will join Board of Directors Greg Hyland to continue as Executive Chairman; will oversee seamless transition Scott’s experience and expertise make him an excellent leader for Mueller Water Products as it enters its
Slide 10: Conclusion
CONCLUSION Pure-play water infrastructure company with strengthened financial profile, attractive core markets, enhanced capital allocation and proven leadership INVESTMENT HIGHLIGHTS Industry-leading adjusted operating margins in Transformed Company by divesting Anvil, remaining core businesses acq
Slide 11: Supplemental Data
Supplemental - Data
Slide 12: Reconciliation of GAAP to Non-GAAP Performance Measures
RECONCILIATION OF GAAP TO NON-GAAP PERFORMANCE MEASURES Year ended September 30, 2016 (1) Mueller MWP Mueller Co. Technologies Total (in millions) Net sales: Previously reported (GAAP) $ 715.7 $ 84.9 $ 1,138.9 Anvil as previously reported - - (338.3) Net sales $ 715.7 $ 84.9 $ 800.6 Adjusted operati
Slide 13: Questions
Questions
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