Slide 1: Fourth Quarter / Full Year 2021 Earnings
BADGER METER FOURTH QUARTER / FULL YEAR 2021 EARNINGS January 28, 2022 © 2022 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 % * Q4 Full Year 21.9% 20.7% 21.2% 21.1% • Record fourth quarter results capped off outstanding year; full year sales exceed $500 million milestone • Strong order pace continued with record backlog exiting the year 2020 2021 • Disciplined operating execution enabled us to di
Slide 4: Fourth Quarter Financial Snapshot
FOURTH QUARTER FINANCIAL SNAPSHOT • Utility water sales increased 23.4%. Excluding year- (US$ in millions, except per share data) Q4 2021 Q4 2020 Change over-year benefit of water quality acquisitions, utility water core growth was 14.4%. Strong order activity Sales $135.7 $112.3 20.8% and recoverin
Slide 5: Water Quality – One Year Assessment
WATER QUALITY – ONE YEAR ASSESSMENT • Strategic rationale – complementary online, inline and reagent-free solutions enabling distributed and real-time water quality monitoring • Financial results 16% pro-forma sales growth EBITDA margin increase Improved PWC % of sales • Integration and strategy hig
Slide 6: Recap / Outlook
RECAP / OUTLOOK Full Year 2021 9% Core Utility Water • Record 2021 financial performance despite backdrop of pandemic, supply Sales Growth chain disruptions, logistics challenges and inflation 30 BPS • Core utility water growth of 9%, and 13% above 2019’s pre-pandemic sales level Op Profit Margin •
Slide 7: Q&A
Q&A Note: For your planning purposes, our Q1 2022 earnings release/call is tentatively scheduled for Tuesday April 19, 2022 © 2022 Badger Meter, Inc. 7
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q4 2021 Q4 2020 2021 2020 Q4 2021 Q4 2020 Net Earnings (GAAP) $17.3 $13.1 $60.9 $49.3 Cash from Ops (GAAP) $27.1 $15.9 Income tax provision 5.6 3.8 17.7 15.6 Capital Expenditures (0.9) (3.2) Depreciation 2.6 3