Slide 1: 2nd Quarter Fiscal 2022 Earnings Slide Deck
2nd Quarter Fiscal 2022 Earnings Slide Deck Exhibit 99.2
Slide 2: Safe-Harbor Statement
Safe-Harbor Statement This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. Y
Slide 3: Second Quarter Summary
Second Quarter Summary Revenues increased $56.6 million compared to prior year Irrigation increased $62.2 million Infrastructure decreased $5.6 million Operating income increased $2.5 million compared to prior year Irrigation increased $6.7 million Infrastructure decreased $6.0 million Corporate exp
Slide 4: Second Quarter and YTD Financial Summary
Second Quarter and YTD Financial Summary
Slide 5: Current Market Factors
Current Market Factors February 2022 U.S. corn prices have increased 23 percent and soybean prices have increased 18 percent from a year ago. The increases resulted from constrained supply levels globally, coupled with higher demand. The conflict between Russia and Ukraine has raised additional conc
Slide 6: Irrigation Segment
Irrigation Segment North America revenue increased $20.6 million Increase primarily from higher average selling prices Unit sales volume lower due to impact of Omicron-related employee absences in Nebraska facility Unit sales volume breakdown by category: Replacement 44%, Conversion 31%, Dryland 25%
Slide 7: Infrastructure Segment
Infrastructure Segment Total revenue decreased $5.6 million Lower Road Zipper System® sales and lease revenue due to delayed projects Higher sales of road safety products Operating income decreased $6.0 million Lower revenues from higher-margin Road Zipper projects Under absorbed overhead costs Anno
Slide 8: Innovation Leadership: Addressing Global Megatrends
Innovation Leadership: Addressing Global Megatrends Capitalizing on global megatrends Key Trends Food Security Water Scarcity Land Availability Mobility Safety Reducing Emissions Labor Savings
Slide 9: Strong Commitment to Sustainable Practices
Strong Commitment to Sustainable Practices Our mission is to provide solutions that conserve natural resources, enhance the quality of life for people, and expand our world’s potential. Investing in sustainable technologies Improving our operational footprint Empowering and protecting our people Eng
Slide 10: Summary Balance Sheet and Liquidity
Summary Balance Sheet and Liquidity As of February 28, 2022: Available liquidity of $143.9 million, with $93.9 million in cash, cash equivalents and marketable securities and $50.0 million available under revolving credit facility Total debt of $116.0 million, of which $115.0 million matures in 2030
Slide 11: Summary of Cash Flow
Summary of Cash Flow ZLINDSAY ($ in millions) YTD FY22 | YIDFY21 Net eamings $22.5 $19.0 Depreciation / amortization $9.9 $9.9 Other non-cash adjustments $6.3 $5.5 Changes in assets and liabilities: Receivables ($41.3) ($10.8) Inventories ($42.4) ($16.2) Other $9.1 $3.7 Net cash (used in) provided b
Slide 12: Capital Allocation – A Balanced Approach
Capital Allocation – A Balanced Approach Allocation History Other includes debt repayments, net cash sources/uses from note receivables, net investment hedges, stock compensation and related tax benefits. Ending cash includes marketable securities Targeted cash balance of $60-75 million, including i
Slide 13: Appendix
ZALINDSAY" Appendix
Slide 14: U.S. Net Farm Income and Net Cash Farm Income
U.S. Net Farm Income and Net Cash Farm Income Inflation adjusted, 2001-22F 2001-20 average NCFI Note: F = forecast. Values are adjusted for inflation using the U.S. Bureau of Economic Analysis Gross Domestic Product Price Index (BEA API series code: A191RG) rebased to 2022 by USDA, Economic Research
Slide 15: Commodity Prices
Commodity Prices Corn Prices Soybean Prices Source: Trading Economics
Slide 16: United States Drought Condition
United States Drought Condition Source: US Drought Monitor