Enovis Corporation · NYSE:ENOV
Enovis — Colfax — Investor Presentation (December 2018)
10 slides from Enovis's investor presentation, Dec 19, 2018
Slide 1: 2019 Outlook
2019 Outlook December 19, 2018
Slide 2: Forward-Looking Statements, Non-GAAP Measures
Forward-Looking Statements, Non-GAAP Measures The following information may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, state
Slide 3: 2018 Look-Back on a Pivotal Year
2018 Look-Back on a Pivotal Year ▪ Expecting to grow 2018 adjusted EPS >25%; affirming FY 2018 guidance of $2.20 to $2.30 ▪ Significantly grew Fab Tech business while successfully navigating raw material cost inflation ▪ Created structurally-higher margin path in Air & Gas Handling business and cont
Slide 4: Air & Gas Handling Platform Quarterly Margin Improvement
Air & Gas Handling Platform Quarterly Margin Improvement ▪ Forecasting strong sequential margin Adj. Operating Margin improvement in Q4 11.5%- 12.5% ▪ Productivity, restructuring, project 9.8% execution 7.7% ▪ 6.7% 7.3% Targeted pricing actions ▪ Strategic focus on projects better matched with busin
Slide 5: Fabrication Technology Platform Quarterly Yr-Yr Sales Growth
Fabrication Technology Platform Quarterly Yr-Yr Sales Growth ▪ Tracking to another solid quarter of 16% growth in Q4 14% 4.6% ▪ 3.6% Continued broad-based growth 12% 3.8% HSD ▪ 5.5% Automation and new products 10% 4.0% 4.9% ▪ Benefit of GCE acquisition 8% 2.2% 6% 10.1% HSD ▪ 3.0% Expecting FY2018 co
Slide 6: Looking Ahead to 2019
Looking Ahead to 2019 ▪ DJO acquisition on-track ▪ Regulatory filings completed; continuing to target Q1 2019 close ▪ Integration teams engaged and working quickly ▪ Air & Gas Handling strategic options review underway ▪ Goldman Sachs & Barclays leading efforts ▪ Moving with speed ▪ Forecasting lega
Slide 7: Business Segment 2019 Expectations
Business Segment 2019 Expectations ▪ Sales growth Total 7-9%; core MSD; acq. MSD; FX (LSD) ▪ Quarterly sales profile 23-24%, 25-26%, 24-25%, 25-26% ▪ Adj. OP Margins Grow from mid-11s to 12.25-12.75% Fab Tech ▪ D&A ~$85 million ▪ Restructuring benefits ~$20 million ▪ Restructuring costs ~$25 million
Slide 8: Appendix
| ‘APPENDIX |
Slide 9: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) Guidance Low High 2018 Earnings Per Share Projected net income per share from continuing operations (GAAP)- diluted $ 1.23 $ 1.34 3 Restructuring and other related charges- pretax 0.58 0.58 Acquisition-related amortization and other costs- pretax (1) 0.70 0.70 Los
Slide 10: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) Projected Twelve Months Ending December 31, 2018 Fabrication Technology Air and Gas Handling Low High Low High Net sales $ 2,180 $ 2,200 $ 1,485 $ 1,500 Operating income 215 226 91 97 Restructuring and other related charges 27 27 43 43 Adjusted operating income $