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
Slide 1: Fourth Quarter 2021 Financial Results
Fourth Quarter 2021 Financial Results February 2, 2022
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
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
Slide 4: CY2022 – 2024 Strategic Plan … The Next Wave
CY2022 – 2024 Strategic Plan … The Next Wave 4
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
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 $36 2
Slide 7: Cash Flow & Balance Sheet
Cash Flow & Balance Sheet Free Cash Flow ($ 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
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 •
Slide 9: Thank You
Thank You
Zurn Elkay Water Solutions — Q4 2021 Earnings Presentation on 6ix