Spx Technologies, Inc. · NYSE:SPXC
Spx Technologies — Deutsche Bank Global Industrials and Basic Materials Conference 2013
9 slides from Spx Technologies's conference presentation, Jun 14, 2013
Slide 1: Deutsche Bank Conference
Deutsche Bank Conference Jeremy Smeltser, VP & CFO June 14, 2013
Slide 2: Forward-looking statements disclaimer
Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations and financial projections, are forward-looking statements and are thus prospective. These forward-looking statements are subject to risks, u
Slide 3: Key 2013 Messages
Key 2013 Messages Near Term Focus Focused on improving operational performance: Targeting 40 to 80 points of improvement in segment income margins $30m+ of restructuring actions planned for 2013 New leadership with proven track records for operational improvement at underperforming businesses $450m
Slide 4: 2013 Earnings Accretive Actions
2013 Earnings Accretive Actions Action Annualized EPS Benefit 1) ~$30m of annual savings from restructuring ~$0.50 per share 2) $200m of share repurchases ~$0.26 per share 3) $250m voluntary pension funding ~$0.24 per share ($160m net of cash tax benefit) 4) ~$600m of projected cash on hand to be de
Slide 5: Historical Capital Allocation
Historical Capital Allocation Share Repurchases & Dividends 43m shares repurchased (2005-today) $2.9b Annual dividend of $1 per share Total Capital Allocated: ~$6.0b Acquisitions 85% of acquisition capital has focused on $1.9b building out Flow Technology platforms Divestiture proceeds: ~$4.3b Net D
Slide 6: Strategic Transformation
Strategic Transformation 2004 Revenue Breakdown 2013E Revenue Breakdown Laboratory Equipment Other Auto 7% 7% Flow 8% 54% Compaction Flow Equipment 14% Industrial 9% $5.7b 20% ~$5.1b Security 10% Infrastructure Vehicle Service 24% 15% Niche Industrial Thermal 6% 26% Exited businesses Continue to Foc
Slide 7: Segment Income Development
Segment Income Development ($ millions, except per share data) $800 $600 Flow Technology Test & Measurement $400 ~25% ~61% Industrial Products & Services Thermal Equipment & Services $200 $0 2005 2006 2007 2008 2009 2010 2011 2012 2013E Flow Technology earnings $1.70 $2.05 $2.81 $3.91 $3.38 $3.46 $4
Slide 8: Revenue Profile
Revenue Profile 2012 Revenue by End Market 2012 Revenue by Geography Food & Beverage 19% T&D 46% 21% 6% Oil & Gas 14% Industrial Flow $5.1b Markets 19% Power Generation 17% 23% 2% 12% HVAC 8% Other 13% SPX is a Leading Global Supplier of Engineered Products and Solutions In the Global Power & Energy
Slide 9: Questions?
SF-><. Questions?
SPX — Deutsche Bank Global Industrials and Basic Materials Conference 2013 on 6ix