Wesco International, Inc. · NYSE:WCC
Wesco International — Q2 2011 Earnings Presentation
12 slides from Wesco International's earnings presentation, Jul 21, 2011
Slide 1: Supplemental Financial Data
Exhibit 99.2 Supplemental Financial Data WESCO Second Quarter 2011 July 21, 2011
Slide 2: Safe Harbor Statement
Safe Harbor Statement Note: All statements made herein that are not historical facts should be considered as “forward- looking statements” within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may ca
Slide 3: Second Quarter 2011 Results
Second Quarter 2011 Results Q2 Outlook Provided Second Quarter 2011 Performance Sales growth of 21% versus prior Sales growth expected to be at or year; sales up 6.5% sequentially; above 21% year-over-year including organic sales growth of 12.7% versus acquisitions prior year Gross margin expected t
Slide 4: Organic Sales Analysis Versus Prior Year
Organic Sales Analysis Versus Prior Year ----------------------- 2010 ----------------------- 2011 2011 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Consolidated Sales Growth (2.6%) 8.6% 14.9% 17.6% 9.5% 24.6% 21.1% F/X (1.8%) (1.9%) (0.9%) (0.7%) (1.3%) (1.1%) (1.0%) Acquisitions 0 0 (0.7%) (1.1%) (0.4%) (7.0%) (7.
Slide 5: Second Quarter 2011 End Market Comments
Second Quarter 2011 End Market Comments Core year-over-year and sequential quarterly sales comparisons Note: YOY excludes Potelcom, TVC and RECO results; sequential excludes RECO results Q2 2011 Q2 2011 End Market vs. vs. Comments Q2 2010 Q1 2011 • Fourth consecutive quarter of year-over-year double
Slide 6: Capital Structure
Capital Structure ($Millions) Outstanding at Outstanding at Debt December 31, 2010 June 30, 2011 Maturity Schedule AR Securitization (V) $370 $380 2013 Inventory Revolver (V) $0 $18 2013 Real Estate Mortgage (F) $39 $38 2013 2017 Bonds (F) $150 $150 2017 2029 Convertible Bonds (F) $345 $345 2029 (No
Slide 7: Quarterly Proforma Financial Leverage
Quarterly Proforma Financial Leverage 5.0 Target leverage is 2.0 to 3.5 4.5 4.0 3.5 3.0 2.5 2.0 1.5 7
Slide 8: Number of Work Days by Quarter
Number of Work Days by Quarter Q1 Q2 Q3 Q4 FY 2010 63 64 64 64 255 2011 63 64 64 63 254 8
Slide 9: Convertible Debt as of June 30, 2011
Convertible Debt as of June 30, 2011 GAAP vs. Non-GAAP Non-Cash Interest Expense Schedule Debt Reconciliation Convertible Debentures ($ millions) (000s) Debt per Par Value Debt Balance 2029 Maturity of Debt Discount Sheet Year Bond 2026 $ 221 $ 0 221 2011 (1) $2.4 ($3.7 with FIN 48) 2029 $ 345,000 $
Slide 10: Convertible Debt and SARs/Options EPS Dilution
Convertible Debt and SARs/Options EPS Dilution Weighted Average Quarterly Share Count Incremental Shares from Incremental Shares from Total Diluted Share Count Stock Price 2029 Convertible Debt SARs/Option Awards (in millions)4 (in millions) 3 (in millions) $50.00 5.05 1.18 49.42 Q2 2011 Average ($5
Slide 11: Q3 Outlook
Q3 Outlook Category Q3 2011 Expectations Total growth expected to be at or above 18% year-over-year and 2.5% Sales Growth sequentially, assuming stable pricing and foreign exchange rates Gross Margins Expected to be at or above 19.8%, up 30 basis points versus prior year Operating Margins Expected t
Slide 12: 2011 Full Year Outlook
2011 Full Year Outlook 2011 Expectations 2011 Expectations Category (Revised April 21, 2011) (Revised July 21, 2011) Expected to be at or above 19% Expected to be at or above 17% including including acquisitions; Pricing and F/X Sales Growth acquisitions; Pricing and F/X rates rates assumed consiste