Slide 1: Fourth Quarter 2011 Earnings Release
Fourth Quarter 2011 Earnings Release February 7, 2012
Slide 2: Agenda
Agenda 2 IDEX Outlook 2011 Summary Segment Realignment 2011 Segment Performance Fluid & Metering Health & Science Dispensing Equipment Fire & Safety 2012 Guidance Q&A
Slide 3: Replay Information
Replay Information 3 Dial toll–free: 855.859.2056 International: 404.537.3406 Conference ID: #40912918 Log on to: www.idexcorp.com IDEX Proprietary & Confidential
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act
4 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 tho
Slide 5: IDEX 2011 Financial Performance
IDEX 2011 Financial Performance 5 Total Revenue EPS* Organic: 9% 29% Growth 20% Growth Organic: 7% Operating Margin* Free Cash Flow ** * EPS / Op Margin data was adjusted for $9.4M and $12.3M of restructuring expenses in Q411 and FY2011, respectively. Restructuring expenses were $4.7M and $11.1M in
Slide 6: Fluid & Metering
Fluid & Metering 6 Total Orders Total Revenue Operating Margin* 80 bps 140 bps Organic: 9% Organic: 13% Improvement Improvement Organic: (1%) Organic: 8% Q4 Sales Mix: Organic +8% Q4 Summary: Strong top line growth; reinvigorated aftermarket sales Acquisition - Energy, Chemical, Agriculture continue
Slide 7: Health & Science
Health & Science 7 Total Orders Total Revenue Operating Margin* 280 bps 110 bps Organic: 9% Organic: 9% Compression Compression Organic: 2% Organic: 7% Q4 Sales Mix: Organic +7% Q4 Summary: When adjusted for 2011 acquisitions operating margin is 24.6% Acquisition +44% New products and increased cont
Slide 8: Dispensing
Dispensing 8 Total Orders Total Revenue Operating Margin* 20 bps 20 bps Organic: (9%) Organic: (11%) Compression Improvement Organic: (16%) Organic: flat Q4 Sales Mix: Organic -% Q4 Summary: Consolidation of European sales offices completed in Q4 Acquisition - Structural actions taken will continue
Slide 9: Fire & Safety/Diversified
Fire & Safety/Diversified 9 Total Orders Total Revenue Operating Margin* Organic: 6% Organic: 5% 150 bps 140 bps Improvement Improvement Organic: 1% Organic: 6% Q4 Sales Mix: Organic +6% Q4 Summary: Rescue’s growth driven by new product introduction and Acquisition - emerging market expansion BAND-I
Slide 10: Outlook: 2012 Guidance Detail
Outlook: 2012 Guidance Detail 10 2012 Organic Growth Expectations Mid single digits Future acquisitions not contemplated in the growth below Sales EPS FY 2011 Actuals $ 1,838 $ 2.56 Interest Expense (0.10) FX (20M) (0.03) Full Year Optics and Photonics 70M - 80M 0.10 -0.12 Organic Growth 85M - 100M
Slide 11: Outlook: 2012 Guidance Summary
Outlook: 2012 Guidance Summary 11 Q1 2012 Adjusted EPS estimate range: $0.62 – $0.64 Organic revenue growth of 4% Negative Fx impact of $4M to sales (at January 31 rates) FY 2012 Adjusted EPS estimate range: $2.74 – $2.82 Organic revenue growth in the mid single digits Operating margin of 19% Negati
Slide 12: Q&A
12 Q&A IDEX Proprietary & Confidential