Slide 1: IDEX Corporation Second Quarter 2010 Earnings Release
IDEX Corporation Second Quarter 2010 Earnings Release July 20, 2010
Slide 2: Agenda
Agenda IDEX Innovation Q2 2010 Summary Q2 2010 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety 2010 Guidance Update Q&A 2
Slide 3: Replay Information
Replay Information Dial toll-free: 800.642.1687 International: 706.645.9291 Conference ID: #81612030 Log on to: www.idexcorp.com 3
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act
Cautionary Statement Under the Private Securities Litigation Reform Act This presentation and discussion will include forward- looking statements. Our actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause thos
Slide 5: Fluid & Metering Technology: PulsaPro
Fluid & Metering Technology PulsaPro 900 Engineered for chemical and oil & gas applications Designed for higher pressure and higher flow, with smaller footprint Teflon lined for better chemical resistance Reduced cost allows for greater market penetration Superior quality to competition at lower tot
Slide 6: Fluid & Metering Technology: IDEX Water
Fluid & Metering Technology IDEX Water Winning multi-year waste water and potable water product sales and service agreements UK national water infrastructure underway Global opportunity set Utilizing new Flow Hawk monitors; advanced telemetry data collection and analysis system Continuing to capital
Slide 7: Fluid & Metering Technology: Energy Group THG600 series compressor
Fluid & Metering Technology Energy Group - THG600 series compressor Applications in natural gas, ethylene, propylene, and other industrial gases New product family design prevents lubricating oil from contaminating compressed gas Allows for control of 100% of dangerous emissions that could be leaked
Slide 8: Fire and Safety: IDEX Rescue eDraulic Rescue Tools
Fire and Safety IDEX Rescue eDraulic Rescue Tools Breakthrough technology that frees rescue workers from hydraulic power and hoses...while providing the same operating performance Utilizes half the space and is half the weight of previous models Lithium-ion battery technology coupled with proprietar
Slide 9: Fire and Safety: BAND IT Intelligent Clamping System
Fire and Safety BAND IT Intelligent Clamping System (iCS) and Dual-Lokt(tm) clamp Application used on high volume applications Previously not served markets Clamp conforms to irregular sections and wide ranging diameters Lower total installed cost...lower profile...longer useful life, 20 yrs IDEX In
Slide 10: Health and Science Technology: UPLC 25K psi
Health and Science Technology Ultra High Pressure Liquid Chromatography (UPLC) - 25K psi Demand for chemical analysis, drug discovery, etc. requires faster throughput (higher pressure) 25K psi market leader in throughput, takes analysis time down dramatically Material science and mechanical capabili
Slide 11: Health and Science Technology: Integrated Fluidics
Health and Science Technology Integrated Fluidics (key sub-systems) Used in next generation DNA sequencing Prior generation equipment capable of sequencing fragments of DNA, can now gain pertinent information from the entire genome Will enable medical professionals to analyze the entire genome and d
Slide 12: Q2 2010 Financial Performance
Q2 2010 Financial Performance Continued Strong Growth 12 Q2 ’10 Q2 ’09 Var Orders $377 $319 18% Sales $379 $336 13% Adj. Op Margin* 16.9% 14.9% 200 bp Adj. EBITDA* $79 $64 25% Adj. EPS* $.50 $.37 35% FCF $60 $50 21% *Q2 ’10 adjusted for $1.0M of restructuring expense ($3.3M in Q2 ’09)
Slide 13: Fluid & Metering
Fluid & Metering *Op Margin excludes restructuring expense in both Q2’10 and Q2’09 Q2 2010 Highlights 19% organic orders growth, 12% organic sales growth, 17.6% operating margins Strong demand for water/wastewater services and project spend 2010 Outlook Energy & Water will continue to benefit from s
Slide 14: Health & Science
Health & Science *Op Margin excludes restructuring expense in both Q2’10 and Q2’09 Q2 2010 Highlights 29% organic orders growth, 26% organic sales growth, 20.7% operating margins Continued strong growth across all HST products 2010 Outlook Core analytical instrumentation markets continue to grow Ind
Slide 15: Dispensing Equipment
Dispensing Equipment Q2 2010 Highlights 23.6% operating margins, strong cash flow 2010 Outlook Overall order activity in North American retail channel and European markets remain slow Cost reductions will result in reasonable profitability and strong cash flow Q2 ’10 Q2 ’09 Change Orders $37.0 $33.3
Slide 16: Fire & Safety
Fire & Safety Q2 2010 Highlights 5% organic sales growth, 21.9% operating margins 2010 Outlook Strong global activity in rescue tools Band clamping markets improving N.A. fire suppression down due to decline in municipal spend Q2 ’10 Q2 ’09 Change Orders $63.1 $64.2 (2)% Sales - -Organic Currency $6
Slide 17: Outlook: 1st Half to 2nd Half Bridge
Outlook: 1st Half to 2nd Half Bridge 17
Slide 18: Outlook: 2010 Guidance Summary
Outlook: 2010 Guidance Summary Q3 2010 EPS estimate range: $0.46 - $0.48 Organic revenue growth of approximately 10% Negative Fx impact of ~4% to sales (at June 30 rates) Positive impact of ~2% from acquisitions FY 2010 EPS estimate range: $1.85 - $1.90 Organic revenue growth in the high single-digi
Slide 19: Q&A
&A IDEX Proprietary & Confidential