Slide 1: Q1 2008 Earnings Call
Exhibit 99.2 Q1 2008 Earnings Call June 17, 2008
Slide 2: Forward Looking Statements
Forward Looking Statements The following information contains forward-looking statements, including forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's
Slide 3: Q1 2008 Highlights
Q1 2008 Highlights Adjusted net income of $8.9 million, an increase of 48.3% Net sales of $130.7 million, an increase of 13.9% Adjusted operating income of $18.3 million, an increase of 24.5% Adjusted EBITDA of $22.0 million, an increase of 20.9% Record first quarter orders of $180.3 million, an inc
Slide 4: Historical Orders & Backlog
Historical Orders & Backlog Orders Backlog $600.0 $400.0 $480.0 $320.0 $360.0 $240.0 $581.5 $353.6 $240.0 $160.0 $442.3 $292.8 $370.4 $204.6 $179.3 $120.0 $80.0 $180.3 $118.3 $130.8 $0.0 $0.0 2005 2006 2007 - Q1 2007 Q1 2008 2005 2006 2007 - Q1 2007 Q1 2008 Existing Businesses -- 17.7% 17.6% -- 24.2
Slide 5: Financial Performance Overview
Financial Performance Overview Revenue Adjusted EBITDA (1) $600.0 $100.0 $480.0 $80.0 $360.0 $60.0 $506.3 $88.2 $240.0 $40.0 $393.6 $64.8 $345.5 $57.1 $120.0 $20.0 $130.7 $18.2 $22.0 $114.8 $0.0 $0.0 2005 2006 2007 Q1 2007 Q1 2008 2005 2006 2007 Q1 2007 Q1 2008 Existing % Margin 16.5% 16.5% 17.4% 15
Slide 6: Q1 2008 Sales and Orders by End Market
Q1 2008 Sales and Orders by End Market Q1 2008 Orders: $180.3 million Q1 2008 Sales: $130.7 million Power Navy Navy Generation 6% 5% 12% Power Generation Oil & Gas 11% 7% General Industrial 49% General Oil & Gas Industrial 10% 39% Commercial Marine Commercial 36% Marine 25% Well Positioned in Five A
Slide 7: Commercial Marine Market Perspective
Commercial Marine Market Perspective Colfax Q1 08 Orders Split Q1 2008 Year-Over Year Results Orders up 99.1% year-over-year (76.0% organic growth) 36% Sales up 11.6% year-over-year (-1.0% organic growth) Comm. Marine Market Trends Growth in international trade and demand for bulk commodities Colfax
Slide 8: Oil & Gas Market Perspective
Oil & Gas Market Perspective Colfax Q1 08 Orders Split Q1 2008 Year-Over Year Results 7% Orders down 24.7% year-over-year (-26.5% organic growth) O&G Sales down 7.3% year-over-year (-10.1% organic growth) Market Trends Elevated oil prices and depleting supplies spurring heavy oil Colfax Q1 08 Sales
Slide 9: Power Generation Market Perspective
Power Generation Market Perspective Colfax Q1 08 Orders Split Q1 2008 Year-Over Year Results 12% Power Orders up 18.7% year-over-year (10.2% organic growth) Gen. Sales up 37.6% year-over-year (27.4% organic growth) Market Trends Robust economic growth in Asia and Middle East driving Colfax Q1 08 Sal
Slide 10: Global Navy Market Perspective
Global Navy Market Perspective Colfax Q1 08 Orders Split Q1 2008 Year-Over Year Results 6% Navy Orders up 107.3% year-over-year (104.8% organic growth) Sales down 26.7% year-over-year (-27.7% organic growth) Market Trends Sovereign navies around the world expanding fleets to address Colfax Q1 08 Sal
Slide 11: General Industrial Perspective
General Industrial Perspective Colfax Q1 08 Orders Split Q1 2008 Year-Over Year Results Orders up 21.2% year-over-year (10.3% organic growth) 39% Sales up 23.2% year-over-year (12.2% organic growth) General Industrial Market Trends Global economic development driving increased capital investment Col
Slide 12: Income Statement Summary
Income Statement Summary First Quarter Delta 2007 2008 $ % Orders $130.8 $180.3 $49.5 37.8% Sales $114.8 $130.7 $15.9 13.9% Gross Profit $38.8 $48.2 $9.4 24.2% % of Sales 33.8% 36.9% SG&A Expense $23.1 $28.5 $5.4 23.4% R&D Expense $1.0 $1.4 $0.4 40.0% Operating Expenses $24.1 $29.9 $5.8 24.1% % of S
Slide 13: Statement of Cash Flows Summary
Statement of Cash Flows Summary Three Months Ended 3/30/2007 3/28/2008 Net Income $6.0 $6.8 Non-Cash Expenses $4.5 $1.7 Change in Working Capital and Accrued Liabilities ($5.2) ($13.4) Other ($4.0) ($6.2) Total Operating Activities $1.3 ($11.1) Capital Expenditures ($1.5) ($3.0) Acquisitions ($28.5)
Slide 14: IPO Summary
IPO Summary Began trading May 8, 2008 Date Completed offering May 13, 2008 $18.00 per share IPO Price 21.56 million shares sold (11.85 million primary / 9.71 million secondary) Shares Sold 44.01 million shares outstanding post offering Primarily to repay a portion of existing debt, effective redempt
Slide 15: Pro Forma Capitalization
Pro Forma Capitalization As of March 28, 2008 As Adjusted Actual For IPO Cash $33.3 $69.1 Total Debt $207.8 $129.3 Shareholder's Equity $64.2 $225.5 Total Capitalization $272.0 $354.8 Total Debt / Total Capitalization 76.4% 36.5% Well Capitalized for Growth Going Forward Note: Dollars in millions. 1
Slide 16: Well Positioned for the Future
Well Positioned for the Future Proven Application Serving Fast Global Leader in Specialty Expertise in Solving Growing Infrastructure Fluid Handling Products Critical Customer Needs Driven End Markets Experienced Management Leading Brand Names Team in Place to Grow CBS-Driven Culture Focused Generat
Slide 17: Questions
C Questions
Slide 18: Appendix
Appendix
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Fiscal Year End Three Months Ended 2005 2006 2007 3/30/2007 3/28/2008 Adjusted EBITDA: Net Income $12.2 $0.1 $64.9 $6.0 $6.8 Provision for Income Taxes 6.9 3.9 39.1 4.0 3.6 Interest Expense 9.0 14.2 19.2 4.8 4.5 Depreciation and Amortization 11.4 11.5 15.2 3.5 3.7 Discontinue