Zurn Elkay Water Solutions Corporation · NYSE:ZWS

Zurn Elkay Water Solutions — Q4 2021 Earnings Presentation

9 slides from Zurn Elkay Water Solutions's earnings presentation, Feb 2, 2022

  1. Slide 1: Fourth Quarter 2021 Financial Results

    Fourth Quarter 2021 Financial Results February 2, 2022

  2. 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 contains “forward-looking statements” that are subject to Cautionary Statement on Forward-Looking Statements contained in the press release we issued on February 1, 2022 and which is

  3. Slide 3: Performance Update

    Performance Update Strategic Developments • Completed RMT transaction on October 4, 2021 • Zurn Water Solutions (ZWS) now a stand-alone pure-play water management business • PMC segment reported as discontinued operations • Completed the bolt-on acquisition of Wade Drains Q4 Zurn Results • 4Q net sa

  4. Slide 4: CY2022 – 2024 Strategic Plan … The Next Wave

    CY2022 – 2024 Strategic Plan … The Next Wave 4

  5. Slide 5: Inaugural Zurn Sustainability Report

    Inaugural Zurn Sustainability Report Stand-alone Zurn Continued progress report to be issued on our ESG in coming weeks initiatives Report includes specific targets/goals around: • Commitments to reduce greenhouse gas emissions • Goals around energy usage reduction • Goals for diversity among leader

  6. Slide 6: 4Q 2021 Results

    4Q 2021 Results Consolidated Results: Excluding Corporate Costs: $ in millions 4Q 2021 4Q 2020 Change $ in millions 4Q 2021 4Q 2020 Change Net Sales $232 $188 23% Net Sales $232 $188 23% Growth from: Growth from: Core (1) 16% Core (1) 16% Acquisitions 7% Acquisitions 7% Adjusted EBITDA (1) $45 $36 2

  7. Slide 7: Cash Flow & Balance Sheet

    Cash Flow & Balance Sheet Free Cash Flow ($ millions) (1) Net Debt Leverage Ratio (2) Total Debt ($ millions) 300 2.5x 1,500 250 276 262 2.3x 1,303 244 200 1,000 1,149 1,118 210 2.1x 150 2.0x 2.0x 100 1.9x 500 540 50 0 1.5x 0 CY18 CY19 CY20 CY21 Dec-18 Dec-19 Dec-20 Dec-21 Dec-18 Dec-19 Dec-20 Dec-2

  8. Slide 8: Zurn Outlook

    Zurn Outlook March Quarter (1Q) • Total sales to increase by high-teens percentage year over year • Adjusted EBITDA(1) margin in the 24.0% – 24.5% range (excludes corporate expenses)(2) • Corporate expense of ~$7 million • Interest expense of ~$5 million • Stock compensation expense of ~$5 million •

  9. Slide 9: Thank You

    Thank You

Zurn Elkay Water Solutions — Q4 2021 Earnings Presentation on 6ix