Ecolab Inc. · NYSE:ECL
Ecolab — Q3 2015 Earnings Presentation
10 slides from Ecolab's earnings presentation, Nov 2, 2015
Slide 1: Cautionary Statement
Cautionary Statement 2 Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our future financial and b
Slide 2: 3Q Overview
3 Earnings: Record adjusted EPS $1.28, +6% Reported EPS $0.86, -28%, reflecting charge for Venezuelan bolivar devaluation Sales: Fixed currency growth +1% Reported sales -7%; acquisition adjusted fixed currency sales flat Global Institutional, Global Industrial and Other segments +5% acquisition adj
Slide 3: 2015 Earnings Bridge From Prior Year Adjusted EPS
4 2015 Earnings Bridge From Prior Year Adjusted EPS Q4 and FY EPS represent midpoints of our forecast range. 1 Currency excludes transaction losses. 2 Venezuelan devaluation of $0.03 includes the impact of devaluing our Water, Paper, Institutional and Food & Beverage businesses (collectively $0.01)
Slide 4: 2015 Forecast Progression Since 2Q Release
5 Energy headwinds largely offset by continued strength in Global Institutional, Global Industrial and Other segments and favorable raw materials FX (including transaction losses) driven primarily by Brazil 2015 Forecast Progression Since 2Q Release Adjusted EPS Includes raw materials * $4.51 ($0.04
Slide 5: 3Q 2015 Results
6 3Q 2015 Results Operating income is adjusted for special gains and charges. Net income and diluted net income per share are adjusted for special gains and charges and discrete tax items. * Third Quarter Ended September 30 (unaudited) Reported Adjusted* Third Quarter % Third Quarter % (Millions, ex
Slide 6: 3Q 2015 Sales Growth Detail
7 3Q 2015 Sales Growth Detail Total Other reflects the divestiture of non-core cleaning service business which was not included in the segment’s operating units. * Amounts in the tables above may reflect rounding. Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change F&
Slide 7: 3Q 2015 Income Statement / Margins
8 3Q 2015 Income Statement / Margins ($ millions) 2015 % sales 2014 % sales % change Comments 2014 2013 Gross Profit $1,626.4 47.2% $1,724.3 46.7% -6% Adjusted for special charges, the 2015 gross margin was 47.9% and 2014 was 46.7%. The 120 bps margin improvement in 2015 was the result of delivered
Slide 8: 3Q 2015 Balance Sheet / Cash Flow
9 3Q 2015 Balance Sheet / Cash Flow EBITDA and Adjusted EBITDA are non-GAAP measures. EBITDA is defined as the sum of operating income, depreciation and amortization. Adjusted EBITDA is defined as the sum of adjusted operating income, depreciation and amortization. ** The September 30, 2014 balance
Slide 9: Forecast
10 Forecast Fourth quarter Continued strong Global Institutional, Global Industrial and Other segment growth offsetting lower Global Energy results and weaker international economies Build on recent corporate account wins, sales team investments Translation FX/pension/Venezuela expected to be an unf
Slide 10: Forecast
Forecast 4 Fourth quarter = Continued strong Global Institutional, Global Industrial and Other segment growth offsetting lower Global Energy results and weaker international economies = Build on recent corporate account wins, sales team investments = Translation FX/pension/Venezuela expected to be a