Slide 1: Third Quarter 2021 Earnings
BADGER METER THIRD QUARTER 2021 EARNINGS October 15, 2021 © 2021 Badger Meter, Inc. 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation as well as other information provided from time to time by Badger Meter, Inc. (the “company”) or its employees, may contain forward-looking statements that involve risks and uncertainties that could cause actual results to
Slide 3: Highlights
HIGHLIGHTS EBITDA Margin % * Q3 YTD 22.9% • Record sales and earnings with strong order pace continuing; 20.5% 21.4% 20.8% record backlog exiting the quarter • Executing well across many fronts to mitigate broad supply chain, logistics and inflation challenges to support customers • Third quarter sa
Slide 4: Third Quarter Financial Snapshot
THIRD QUARTER FINANCIAL SNAPSHOT • Utility water sales increased 12.2%, acquisitions (US$ in millions, except per share data) Q3 2021 Q3 2020 Change contributed $10M with 1.7% core growth. Strong order activity and SaaS growth more than offset Sales $128.7 $113.6 13.3% impact of supply chain constra
Slide 5: Cadence of Quarterly Sales Growth to Remain Uneven
CADENCE OF QUARTERLY SALES GROWTH TO REMAIN UNEVEN Year-over-Year sales rate of Q2 2021: Easier prior year COVID change, excluding acquisitions onset comparisons, record orders, record entry and exit backlog, 25% intermittent component shortages, flow instrumentation return to growth 20% Q3 2021:: M
Slide 6: Outlook / Summary
OUTLOOK / SUMMARY • Demonstrated success in managing myriad of macroeconomic challenges and delivering for our customers – strong execution of supply chain, logistics and inflation dynamics. Anticipate continuation of these headwinds into Q4 and 2022 • Investing in and advancing digital solutions to
Slide 7: Q&A
Q&A Note: For your planning purposes, our Q4 2021 earnings release/call is tentatively scheduled for Friday January 28, 2022 © 2021 Badger Meter, Inc. 7
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q3 2021 Q3 2020 YTD 2021 YTD 2020 Q3 2021 Q3 2020 Net Earnings (GAAP) $15.9 $14.9 $43.6 $36.2 Cash from Ops (GAAP) $17.7 $21.4 Interest expense 0.0 0.0 0.0 0.0 Capital Expenditures (3.8) (2.3) Income tax provi