Slide 1: Third Quarter 2021 Earnings
Third Quarter 2021 Earnings October 27, 2021 1
Slide 2: Agenda
Agenda IDEX Business Update • IDEX Overview • 2021 Market Outlook Financials • Q3 Financial Performance • Q3 Adjusted Operating Income Walk 2021 Guidance IDEX Difference Update Q&A IDEX Proprietary & Confidential 2
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13712091 • Log on to: www.idexcorp.com IDEX Proprietary & Confidential 3
Slide 4: Cautionary Statement
Cautionary Statement Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may rela
Slide 5: Business Update
Business Update IDEX Proprietary & Confidential 5
Slide 6: IDEX Overview
IDEX Overview Sound Execution in a Difficult Environment • Continued challenges around material availability, logistics, and staffing • 8020 drives alignment around critical customer and business priorities • Strong price capture realized and approaching historical price-cost spread Continued Robust
Slide 7: 2021 Market Outlook
2021 Market Outlook FLUID & METERING HEALTH & SCIENCE FIRE & SAFETY / TECHNOLOGY TECHNOLOGY DIVERSIFIED 2021 Q3 REVENUE $251M $302M $159M % OF TOTAL 35% 43% 22% Industrial Semiconductor Dispensing Agriculture Food / Pharma Industrial / Other Water Automotive Fire / Rescue Energy Analytical Automotiv
Slide 8: Financials
Financials IDEX Proprietary & Confidential 8
Slide 9: IDEX Q3 Financial Performance
(Dollars in millions, excl. EPS) IDEX Q3 Financial Performance Sales Earnings Per Share* Organic: 15% increase 16% increase $1.63 $712 $1.40 $581 Q3 Q3 2020 2021 2020 2021 Operating Margin* Free Cash Flow 120 bps increase 5% increase 24.3% 23.1% $135 $142 Q3 Q3 2020 2021 2020 2021 Record Q3 EPS and
Slide 10: Q3 Adjusted Operating Income Walk
Q3 Adjusted Operating Income Walk (Dollars in millions) 7 $ 173 10 8 29 (15) $ 134 3Q'20 Organic Price/ Mix Discretionary / Acq/FX 3Q'21 Adj Op Profit Flow Thru Productivity/ Reinvestment Adj Op Profit Inflation Flow through Organic flow Total flow @ PY GM% through ex Acq / through 43% FX 37% 30% Po
Slide 11: 2021 Guidance Summary
2021 Guidance Summary Q4 2021 EPS estimate range: $1.55 – $1.58 Organic revenue growth: 9% - 10% Operating margin: 23.5-24.0% Tax rate: ~23% FX impact: ~0.5% topline benefit based on September 30, 2021 FX rates Corporate costs: ~$19 million FY 2021 EPS estimate range: $6.30 – $6.33 Organic revenue g
Slide 12: IDEX Difference Update
IDEX Difference Update National Association of Corporate Directors (NACD) Names IDEX Non-Executive Chairman Bill Cook “Public Company Director of the Year” IDEX Foundation Enters National Partnership With Boys & Girls Clubs of America • Expands opportunities for U.S. business units to volunteer in t
Slide 13: Appendix
Appendix IDEX Proprietary & Confidential 13
Slide 14: Fluid & Metering Technologies
(Dollars in millions) Fluid & Metering Technologies Orders Sales Operating Margin* Organic: 24% increase Organic: 7% increase 150 bps increase $286 $251 28.2% $221 26.7% $223 Q3 Q3 Q3 2020 2021 2020 2021 2020 2021 Q3 Sales Mix: Organic 7% Q3 Highlights: Acquisition 6% ❑ Industrial day rates improved
Slide 15: Health & Science Technologies
(Dollars in millions) Health & Science Technologies Orders Sales Operating Margin* Organic: 44% increase Organic: 24% increase 340 bps increase $331 $302 26.5% 23.1% $220 $209 Q3 Q3 Q3 2020 2021 2020 2021 2020 2021 Q3 Sales Mix: Organic 24% Q3 Highlights: Acquisition 12% ❑ Scientific Fluidics & Opti
Slide 16: Fire & Safety / Diversified Products
(Dollars in millions) Fire & Safety / Diversified Products Orders Sales Operating Margin* Organic: 12% increase 260 bps decrease Organic: 12% increase $158 $159 27.2% $141 24.6% $140 Q3 Q3 Q3 2020 2021 2020 2021 2020 2021 Q3 Sales Mix: Organic 12% Q3 Highlights: ❑ Fire & Rescue rebound continues to