Slide 1: Q2 2008 Earnings Call
Exhibit 99.2 Q2 2008 Earnings Call August 5, 2008
Slide 2: Forward Looking Statements
Forward Looking Statements The following information contains forward-looking statements, including forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's
Slide 3: Q2 2008 Highlights
Q2 2008 Highlights Adjusted net income of $13.9 million (32 cents per share), an increase of 53.0% Net sales of $161.4 million, an increase of 31.9% (organic growth of 18.3%) Adjusted operating income of $23.6 million, an increase of 42.1% Adjusted EBITDA of $27.5 million, an increase of 32.5% Recor
Slide 4: YTD 2008 Highlights
YTD 2008 Highlights Adjusted net income of $24.0 million (55 cents per share), an increase of 43.9% Net sales of $292.1 million, an increase of 23.1% (organic growth of 10.5%) Adjusted operating income of $41.9 million, an increase of 33.8% Adjusted EBITDA of $49.5 million, an increase of 27.1% Orde
Slide 5: Historical Orders & Backlog
Historical Orders & Backlog Orders Orders Backlog Backlog $400.0 $400.0 $320.0 $300.0 $240.0 $200.0 $369.1 $384.0 $160.0 $271.4 $292.8 $100.0 $224.7 $188.8 $179.3 $140.6 $80.0 $118.3 $0.0 $0.0 Q2 2007 Q2 2008 YTD 2007 YTD 2008 2005 2006 2007 - Q2 2007 Q2 2008 Existing Businesses -- 18.8% -- 21.4% 47
Slide 6: Financial Performance Overview
Financial Performance Overview Revenue Adjusted (1) Revenue Adjusted EBITDA EBITDA (1) $300.0 $60.0 $200.0 $292.1 $40.0 $237.2 $100.0 $49.5 $161.4 $20.0 $39.0 $122.4 $27.5 $20.8 $0.0 $0.0 Q2 2007 Q2 2008 - YTD YTD Q2 2007 Q2 2008 - YTD YTD 2007 2008 2007 2008 Existing -- 18.3% 10.5% % Margin 17.0% 1
Slide 7: Q2 2008 Sales and Orders by End Market
Q2 2008 Sales and Orders by End Market Q2 Q2 2008 2008 Orders: Orders: $188.8 $188.8 million million Q2 Q2 2008 2008 Sales: Sales: $161.4 $161.4 million million General General Industrial Industrial 42% 48% Navy Navy 7% 5% Power Commercial Commercial Marine Generation Power Marine 21% 10% Generation
Slide 8: YTD 2008 Sales and Orders by End Market
YTD 2008 Sales and Orders by End Market YTD YTD 2008 2008 Orders: Orders: $369.1 $369.1 million million YTD YTD 2008 2008 Sales: Sales: $292.1 $292.1 million million General General Industrial Industrial 49% 40% Navy 7% Navy 5% Power Commercial Generation Commercial Power Marine 11% Marine Generatio
Slide 9: Commercial Marine Market Perspective
Commercial Marine Market Perspective Colfax Q2 08 Orders Split Q2 2008 Year-Over-Year Results Orders up 22.7% year-over-year (6.3% organic growth) Sales up 31.4% year-over-year (13.6% organic growth) 27% Comm. YTD 2008 Year-Over-Year Results Marine Orders up 56.6% year-over-year (37.2% organic growt
Slide 10: Oil & Gas Market Perspective
Oil & Gas Market Perspective Colfax Q2 08 Orders Split Q2 2008 Year-Over-Year Results Orders up 68.7% year-over-year (63.2% organic growth) 14% O&G Sales down 9.2% year-over-year (-5.3% organic growth) YTD 2008 Year-Over-Year Results Orders up 18.9% year-over-year (11.1% organic growth) Sales down 8
Slide 11: Power Generation Market Perspective
Power Generation Market Perspective Colfax Q2 08 Orders Split Q2 2008 Year-Over-Year Results 10% Orders up 45.9% year-over-year (31.5% organic growth) Power Gen. Sales up 80.5% year-over-year (61.0% organic growth) YTD 2008 Year-Over-Year Results Orders up 30.3% year-over-year (19.3% organic growth)
Slide 12: Global Navy Market Perspective
Global Navy Market Perspective Colfax Q2 08 Orders Split Q2 2008 Year-Over-Year Results 7% Orders up 26.6% year-over-year (-15.0% organic growth) Navy Sales down 4.8% year-over-year (-35.6% organic growth) YTD 2008 Year-Over-Year Results Orders up 53.5% year-over-year (20.4% organic growth) Sales do
Slide 13: General Industrial Perspective
General Industrial Perspective Colfax Q2 08 Orders Split Q2 2008 Year-Over-Year Results Orders up 32.2% year-over-year (19.5% organic growth) Sales up 39.7% year-over-year (25.7% organic growth) 42% General Industrial YTD 2008 Year-Over-Year Results Orders up 26.8% year-over-year (15.0% organic grow
Slide 14: Income Statement Summary
Income Statement Summary Three Months Ended Delta 6/27/2008 6/29/2007 $ % Orders $188.8 $140.6 $48.2 34.3% Sales $161.4 $122.4 $39.0 31.9% Gross Profit $56.8 $43.0 $13.8 32.1% % of Sales 35.2% 35.1% SG&A Expense (1) $31.6 $25.4 $6.2 24.4% R&D Expense $1.6 $1.0 $0.6 60.0% Operating Expenses $33.2 $26
Slide 15: Income Statement Summary
Income Statement Summary Six Months Ended Delta 6/27/2008 6/29/2007 $ % Orders $369.1 $271.4 $97.7 36.0% Sales $292.1 $237.2 $54.9 23.1% Gross Profit $105.0 $81.9 $23.1 28.2% % of Sales 35.9% 34.5% SG&A Expense (1) $60.2 $48.5 $11.7 24.1% R&D Expense $3.0 $2.1 $0.9 42.9% Operating Expenses $63.2 $50
Slide 16: Statement of Cash Flows Summary
Statement of Cash Flows Summary Six Months Ended 6/27/2008 6/29/2007 Net Income ($24.6) $10.9 Non-Cash Expenses 23.2 8.5 Change in Working Capital and Accrued Liabilities (32.8) (0.2) Other (22.8) (9.8) Total Operating Activities ($57.0) $9.4 Capital Expenditures ($9.1) ($5.6) Acquisitions - (28.5)
Slide 17: IPO Summary
IPO Summary Began trading May 8, 2008 Date Completed offering May 13, 2008 $18.00 per share IPO Price 21.6 million shares sold (11.9 million primary / 9.7 million secondary) Shares Sold 44.0 million shares outstanding post offering Primarily to repay a portion of existing debt, effective redemption
Slide 18: Well Positioned for the Future
Well Positioned for the Future Proven Application Serving Fast Global Leader in Specialty Expertise in Solving Growing Infrastructure Fluid Handling Products Critical Customer Needs Driven End Markets Experienced Management Leading Brand Names Team in Place to Grow CBS-Driven Culture Focused Generat
Slide 19: Questions
**************************** Questions
Slide 20: Appendix
************** Appendix
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Six Months Ended June 27, June 29, June 27, June 29, 2008 2007 2008 2007 EBITDA Net (loss) income $ (31,399) $ 4,841 $ (24,601) $ 10,879 Interest expense 3,236 4,458 7,733 9,216 (Benefit) provision for income taxes (12,679) 3,049 (9,101) 6,999 Depreciation
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Six Months Ended June 27, June 29, June 27, June 29, 2008 2007 2008 2007 Adjusted Net Income and Adjusted Earnings per Share Net (loss) income $ (31,399) $ 4,841 $ (24,601) $ 10,879 Initial public offering related costs 57,017 - 57,017 - Legacy legal adjust
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation Sales Orders $ % $ % Three Months Ended June 29, 2007 $ 122.4 $ 140.6 Components of Growth: Organic Growth of Existing Businesses 22.4 18.3% 26.5 18.8% Acquisitions 1.0 0.8% 4.3 3.1% Foreign Currency Translation 15.6 12.7% 17.4 12.4% Total Growth 39.0 31.9% 48.2 34.3% Three M