Nordson Corporation · NASDAQ:NDSN
Nordson — Q4 2021 Earnings Presentation
15 slides from Nordson's earnings presentation, Dec 16, 2021
Slide 1: 4Q & Full-Year Fiscal 2021 Webcast
4Q & Full-Year Fiscal 2021 Webcast December 16, 2021 NBS NEXT OWNER MINDSET WINNING TEAMS
Slide 2: Safe Harbor Statement
Safe Harbor Statement Click to edit title Under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by
Slide 3: Agenda
Agenda 4Q and Full-Year Fiscal 2021 Webcast – December 16, 2021 ▪ Fourth Quarter and Full-Year Highlights ▪ Sales Performance and Earnings Review ▪ Balance Sheet and Cash Flow ▪ Enterprise Performance ▪ FY 2022 and 1Q 2022 Outlook and Guidance ▪ Q&A Sundaram Nagarajan Joseph Kelley Lara Mahoney Pres
Slide 4: Highlights
Highlights ▪ Record annual sales and operating profit performance, Strong execution and NBS Next surpassing past records by over driving record results during $100 million economic recovery ▪ 4Q sales in line with expectations – solid finish to record year ▪ Second half of fiscal 2021 delivered 15%
Slide 5: Total Company – 4Q 2021
Total Company – 4Q 2021 4Q 2021 Sales Bridge Sales ▪ Reported sales increased 7%; excluding divestiture, sales increase would have been 11% ▪ Organic growth increased 10% ▪ Solid growth in all product lines, particularly electronics, industrial, and medical end markets ▪ Pricing actions being taken
Slide 6: Total Company – Fiscal 2021
Total Company – Fiscal 2021 Record Annual Sales ▪ Annual sales of $2.4 billion, an increase of 11% ▪ Organic growth increased 11% ▪ Broad based growth across most end markets and geographies ▪ 2H 2021 Y/Y organic sales growth 15% Acquisitions & Divestitures Record Operating Profit FY 2020 FY 2021 ∆
Slide 7: Industrial Precision Solutions – 4Q 2021
Industrial Precision Solutions – 4Q 2021 4Q 2021 IPS Sales Bridge Sales ▪ 2% sales increase ▪ 8% organic growth; (7)% divestiture; 1% currency gains ▪ Sustained growth across the majority of end markets and geographies served ▪ 2H 2021 Y/Y organic growth rate of 15% 4Q 2020 Acquisitions/ 4Q 2021 Div
Slide 8: Advanced Technology Solutions – 4Q 2021
Advanced Technology Solutions – 4Q 2021 4Q 2021 ATS Sales Bridge Sales ▪ Sales increased 14% ▪ 13% organic growth; 1% currency gains ▪ Sales growth was strong in all end markets, notably electronics and medical 4Q 2020 Acquisitions/ 4Q 2021 Divestitures Operating Profit Operating Profit and Margin ▪
Slide 9: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Strong Cash Flow with Sufficient Liquidity to Invest in Strategic Initiatives Net Debt Free Cash Flow ▪ Cash totaled $300 million, partially in anticipation of 1Q ▪ 112% of adjusted net income 2022 $180 million NDC Technologies acquisition ▪ Strong $508 million Free Cash
Slide 10: Enterprise Highlights
Enterprise Highlights Advanced the Ascend Strategy Closed NDC Technologies Acquisition Published ESG Report (Throughout 2021) (November 1, 2021) (November 2021) ▪ On track to deliver 2025 targets ▪ Differentiated precision technology ▪ Influenced by leading ESG frameworks ▪ 2021 record, double-digit
Slide 11: 2022 Fiscal Full-Year Guidance
2022 Fiscal Full-Year Guidance Full-Year Sales Guidance Full-Year Growth from Record 2021 $2,504 - $2,598 $2,551 ▪ NBS Next Deployment throughout the business is $2,362 advancing and delivering results $2,194 $2,121 ▪ Momentum heading into 2022 with strong 2H 2021 performance ▪ Fiscal 2022 sales gro
Slide 12: 2022 Fiscal 1Q Guidance
2022 Fiscal 1Q Guidance 1Q 2022 Sales Guidance Carrying 2021 Momentum into 1Q 22 $606 $600 - $611 ▪ 1Q 22 Sales growth of ~14-16% $527 $498 $495 ▪ 1Q 22 adjusted earnings per share increase of 36% - 48% ▪ Backlog at year-end has increased ~90% compared to prior year due to customers’ extended shipme
Slide 13: Questions?
Questions? Giordson
Slide 14: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Operating Profit and EBITDA (Dollars in thousands) 14
Slide 15: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Profitability (Dollars in thousands) 15