Slide 1: IDEX Corporation Second Quarter 2009 Earnings Release
IDEX Corporation Second Quarter 2009 Earnings Release July 21, 2009
Slide 2: Replay Information
Replay Information Dial toll-free: 888.203.1112 ? International: 719.457.0820 ? Conference ID: #6940348 ? Log on to: www.idexcorp.com
Slide 3: 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 those
Slide 4: Q2 2009 Financial Performance
Q2 2009 Financial Performance Q2 ’09Q2 ’08Var Orders $ 319 $ 402 (21)% Sales $ 336 $ 397 (15)% Adj. Op Margin* 14.9% 18.1% (320)Bp Adj. EBITDA* $ 64 $ 85 (25)% Adj. EPS* $ .37 $ .54 (31)% FCF $ 50 $ 60 (17)% *Q2’09 adjusted for $3. Solid Operating Margins and Free Cash Flow
Slide 5: Fluid & Metering
Fluid & Metering Q2 ‘09Q2 ‘08Change Orders $152.0 $182.7 (17)% Sales $157.0 $177.4 (12)% - -Organic (20)% - -Acquisition 11% - -Currency (3)% Operating Margin * 15.4% 18.6% (320)bp Op Margin excl acq* 17.2% 18.6% (140)Bp *Q2’09 Op Margin excludes restructuring 2009 Outlook 2H’09 vs 1H’09: ? ? Infras
Slide 6: Health & Science
Health & Science Q2 ‘09Q2 ‘08Change Orders $70.3 $88.5 (21)% Sales $73.8 $87.2 (15)% - -Organic (18)% - -Acquisition 5% - -Currency (2)% Operating Margin* 15.7% 18.2% (250)bp Op Margin excl acq* 14.9% 18.2% (330)Bp *Q2’09 Op Margin excludes restructuring expense 2009 Outlook 2H’09 vs 1H’09: ? ? Core
Slide 7: Dispensing Equipment
Dispensing Equipment Q2 ‘09Q2 ‘08 Change Orders $33.3 $50.5 (34)% Sales $45.7 $56.6 (19)% - -Organic (13)% - -Currency (6)% Operating Margin* 21.9% 25.2% (330)bp *Q2’09 Op Margin excludes restructuring expense 2009 Outlook 2H’09 vs 1H’09: ? ? 1H09 replenishment order largely completed ? ? Lack of ma
Slide 8: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products Q2 ‘09Q2 ‘08 Change Orders $64.2 $81.7 (21)% Sales $62.1 $77.2 (20)% - -Organic (14)% - -Currency (6)% Operating Margin* 22.1% 24.4% (230)bp *Q2’09 Op Margin excludes restructuring expense 2009 Outlook 2H’09 vs 1H’09: ? ? Continued global growth opportunity for r
Slide 9: 2009 Guidance Summary
2009 Guidance Summary FY 2009 ? ? EPS estimate range*: $1.35 — $1.45 o ? Organic growth down ~15% o ? Negative Fx impact of ~3% to sales (at current rates) ? ? Acquisitions add 5 6% to sales ? ? Operating margins of 14.0% — 15.0% o ? Guidance excludes restructuring -3 cents ? ? Other modeling items
Slide 10: Q&A
Q&A