Helios Technologies, Inc. · NYSE:HLIO
Helios Technologies — Investor Day (June 2021)
100 slides from Helios Technologies's investor day presentation, June 2021
Slide 1: Helios Technologies Investor Presentation
Helios Technologies // Investor Presentation 1
Slide 2: 2021 Investor Day Welcome and Agenda
2021 Investor Day Welcome and Agenda Tania Almond VP, Investor Relations & Corporate Communications Helios Technologies // Investor Presentation 02
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and oral statements made by management in connection herewith that are not historical facts are “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements involve risks and uncertainties, a
Slide 4: Our Gift to You – Donation to the Sarasota Bay Watch
Our Gift to You – Donation to the Sarasota Bay Watch Helios Technologies // Investor Presentation 04 4
Slide 5: Today's Agenda
Today’s Agenda 1 Welcome and Agenda – Tania Almond 2 Augmenting Strategy to Drive Performance – Josef Matosevic 3 Expanding Leadership in Hydraulic Applications – Jason Morgan 4 Leading in Engineered Electronic Controls – Billy Aldridge and JP Parent 5 Delivering Improved Customer Experiences – John
Slide 6: Augmenting Strategy to Drive Performance
Augmenting Strategy to Drive Performance Josef Matosevic President and CEO Helios Technologies // Investor Presentation 06
Slide 7: Key Takeaways
Key Takeaways 1 Augmented strategy 2 Outsized growth driven by diversification and innovation; organically and inorganically 3 Strong financials with pathway to grow Helios Technologies // Investor Presentation 07 7
Slide 8: Introducing the Helios Business System
Introducing the Helios Business System Helios Technologies // Investor Presentation 08
Slide 9: Supporting Strategies for Our Mission
Supporting Strategies for Our Mission 1 Drive the cash flow engine 1 Champion a global operating mindset 2 Deliver new products 2 Leverage global resources and assets 3 Leverage existing products 3 Manufacture to support diverse end markets 4 Cultivate customer centricity 4 Accelerate innovation 5 B
Slide 10: A Scalable Approach to Implementing Strategy
A Scalable Approach to Implementing Strategy Purpose/ Strategy Structure Tactics Mission Helios Technologies // Investor Presentation 10
Slide 11: Accomplishments in the Last Year
Accomplishments in the Last Year And we are just getting started... June c May c April March c 2021 February 2020 December January c Announced Intent to June July … October November c Acquire NEM c c c c c c Billy Aldridge Announced Paid 95th Sequential Acquired Balboa Acquired BJN New Business John
Slide 12: Streamlining the Customer Experience Lifecycle
Streamlining the Customer Experience Lifecycle CURRENT STATE FUTURE STATE Customer Helios Team New strategy allows for fewer customer contact points Business Segment and internal efficiencies, resulting in satisfied customers, higher margins, and increased revenue HYDRAULICS Integrated Integrated In
Slide 13: Existing End Markets and New Diversified Opportunities
Existing End Markets and New Diversified Opportunities Industrial Mobile Agriculture Recreational Health & Wellness End Markets Specialty Commercial Commercial Pharmaceutical Off Road Vehicle HVAC Food Service Manufacturing Vehicles New Applications Helios Technologies // Investor Presentation 13
Slide 14: Business System Driving Acquisition Strategy
Business System Driving Acquisition Strategy Helios Technologies // Investor Presentation 14
Slide 15: Accelerated Plans: Hitting $1B Milestone in Sales Two Years Early
Accelerated Plans Hitting $1B Milestone in Sales Two Years Early Organic Sales ~25% Adj. Organic Non- ≥$1B in Sales GAAP Cash EPS Growth ~2x EBITDA Margin(1) by YE 2023 CAGR(2) ≥22% Market Rates by YE 2023 With Enhanced Margin Profile (1) Reflects a non-GAAP financial measure; see supplemental slide
Slide 16: New Seasoned Management Team / Organizational Structure
New Seasoned Management Team / Organizational Structure Josef Matosevic Tricia Fulton Melanie Nealis, Esq. Tania Almond John Shea President & Chief Chief Financial Officer Chief Legal & Compliance VP, Investor Relations & Chief Commercial Officer Executive Officer Joined Helios in 1997 Officer and S
Slide 17: Helios Technologies Investor Presentation
Helios Technologies // Investor Presentation 17
Slide 18: Expanding Leadership in Hydraulic Applications
Expanding Leadership in Hydraulic Applications Jason Morgan President, CVT Helios Technologies // Investor Presentation 18
Slide 19: Key Takeaways
Key Takeaways 1 Solid Foundation 2 Cash Flow Flywheel 3 Strong Market Share and Growing Diversified End Markets 4 Strong Execution and Pathway to Grow Helios Technologies // Investor Presentation 19
Slide 20: Hydraulics Segment Overview
Segment Revenue as % of Total 2020 Total Revenue Hydraulics Segment Overview by Segment, $523 million (1Q21 LTM) 71% $422M $598M Hydraulics (Announced Intent to Acquire) Hydraulics Revenue 1Q 2021 (LTM) by Channel Electronics Revenue Screw-in hydraulic cartridge Quick-release hydraulic Distribution
Slide 21: Hydraulics Innovation Timeline
Hydraulics Innovation Timeline 2021 c 2020 c Announced Intent 2019 to Acquire 2018 c Faster to Celebrate 2017 Sun Hydraulics 70th Anniversary 1951 1970 … c … Celebrated 50th c c Anniversary c Leading Austrian Recipient of 2020 fluid power John Deere Supplier distributor Innovation Award provided our
Slide 22: Hydraulics End Markets Today
Hydraulics End Markets Today Revenue by End Market (1Q21 LTM) Defining End Markets • Channels to market are decades strong 27% • A material “off-balance sheet asset” 43% • Conduit for growth and expansion $422M 3% 27% Mobile Industrial Recreational Agricultural Current Total Addressable Market (1) $
Slide 23: Hydraulics Market Expansion Potential
Hydraulics Market Expansion Potential Specialized Material Handling Forestry Equipment Agriculture Renewable Energy Mining Current Vehicles Markets Packaging & Machine Tools & Marine/Offshore Construction Factory Automation Exploration Processing Presses Growth Markets Recreational Pharmaceutical He
Slide 24: Hydraulics Geographic Footprint
Hydraulics Geographic Footprint AMERICAS EMEA APAC 30% 33% 37% Of Revenue Of Revenue Of Revenue Manufacturing Sales Helios Technologies // Investor Presentation 24
Slide 25: New Product Innovations in Hydraulics
New Product Innovations in Hydraulics Diversified Machine Growing Applications Automation Wallet Share Oil Grease 35K 100K life cycles Synergy Portfolio Solutions Expansion Helios Technologies // Investor Presentation 25
Slide 26: John Deere Supplier Innovation Award
John Deere Supplier Innovation Award Combining the advantages and features of Combined Technologies for Systems Solutions MultiFaster and Sun electrohydraulic cartridge valves into an integrated manifold - reducing Special multiconnection combined with an integrated complexity and increasing reliabi
Slide 27: New Market Penetration
New Market Penetration • Electro Hydraulic control of shock stiffness from driver’s position • Optimized spring design to meet flow requirements • Helios wallet share 4x EH Valves | 2x Controllers | 1x Enovation Display Helios Technologies // Investor Presentation 27
Slide 28: Growth Opportunities for Hydraulics
Growth Opportunities for Hydraulics Growth Opportunities What we sell Where we sell How we sell • New Products • Grow Wallet Share • Monetize Synergies • Brand Expansions • Address Geographic White • Leverage Channels to Spaces Market • Diverse Applications • Expand Channels to Market • Sales Force
Slide 29: Hydraulics Summary
Hydraulics Summary 1 2 3 4 Strong Market Share and Strong Execution and Solid Foundation Cash Flow Flywheel Growing, Diversified End Pathway to Grow Markets • Established Presence • Demonstrated • Niche Leader • Exceptional Talent Performance • Brand Loyalty • Growth Opportunity • Powerful Infrastru
Slide 30: Helios Technologies Investor Presentation
Helios Technologies // Investor Presentation 30
Slide 31: Leading in Engineered Electronic Controls
Leading in Engineered Electronic Controls Billy Aldridge, MD, Enovation Controls JP Parent, EVP of Sales, Balboa Helios Technologies // Investor Presentation 31
Slide 32: Key Takeaways
Key Takeaways 1 Robust Product Foundation 2 Growing Large Diversified End Markets 3 Strong Execution & Pathway to Grow 4 Products to Support a Connected Lifestyle Helios Technologies // Investor Presentation 32
Slide 33: Electronics Segment Overview
Electronics Segment Overview 2020 Total Revenue Segment Revenue by Segment, as % of Total $523 million (1Q21 LTM) 29% $176M $598m Electronics Hydraulic Control Electronics Revenue 1Q 2021 (LTM) Electronicsby Channel Revenue Solutions Electronic Controls by Channel, $263 million (1Q21 LTM) and Access
Slide 34: Electronics Innovation Timeline
Electronics Innovation Timeline 2021 c 2020 2016 c 2003 2012 1984 c 1939 c c c c Announced Intent to Acquire Acquired Enovation Controls Release First Display for Marine and Acquired Industrial Use Established Balboa Water Group Release First Touch Panel for a Spa Established Helios Technologies //
Slide 35: Electronics End Markets Today
Electronics End Markets Today Revenue by End Market (1Q21 LTM) 19% $176 16% Million 66% Industrial & Mobile Current Addressable Market(1) Recreational Health & Wellness Global Electronics Industrial & Mobile Recreational Health & Wellness Market $Trillions… $4B • Off-Highway • Marine • Walk-in Baths
Slide 36: Electronics Market Expansion Potential
Electronics Market Expansion Potential Material Handling Specialized Vehicles Stationary Equipment Agriculture Current Markets Health & Wellness Construction Recreational Mining Growth Markets On-Road Commercial Food Bus & Commercial Commercial Recreation Service Transportation Lawn Equipment HVAC H
Slide 37: Electronics Geographic Footprint
Electronics Geographic Footprint AMERICAS EMEA APAC 77% 11% 12% Revenue (LTM) Revenue (LTM) Revenue (LTM) Manufacturing & Warehousing Sales & Engineering Helios Technologies // Investor Presentation 37
Slide 38: New Electronics Product Innovations
New Electronics Product Innovations Motorcycle Off Road Machine Displays Displays Controller Spa Touch Integrated Screens Heat Pump Helios Technologies // Investor Presentation 38
Slide 39: Electronics Modular Central Platform Offerings
Electronics Modular Central Platform Offerings Instrument Cluster Drive Systems (Touch or No-Touch) Sensors Infotainment (Touch) Physical Switches Central Platform GPS Onboard Cameras Stereo Amplifier Telematics Microphone WiFi Wearable Camera Bluetooth Mobile Devices Helios Technologies // Investor
Slide 40: Summary
Summary 1 2 3 4 Robust Product Growing Large Diversified Strong Execution and Products to Support a Foundation End Markets Pathway to Grow Connected Lifestyle • Protect Base Business • Well Positioned for Growth • Expand Channels to Market • Next Generation of Products • Industry Proven Solutions •
Slide 41: Delivering Improved Customer Experiences
Delivering Improved Customer Experiences John Shea Chief Commercial Officer Helios Technologies // Investor Presentation 41
Slide 42: Key Takeaways
Key Takeaways 1 Advancing New Integrated Process 2 Augmenting Go-To Market Strategy 3 Accelerating Customer Value Proposition Helios Technologies // Investor Presentation 42
Slide 43: New, Integrated Process
New, Integrated Process CURRENT STATE FUTURE STATE Customer Helios Team New strategy allows for fewer customer contact points Business Segment and internal efficiencies, resulting in satisfied customers, higher margins, and increased revenue HYDRAULICS Integrated Integrated Integrated Sales Innovati
Slide 44: New Process in Action
New Process in Action Standardized Training • Cross functional training of sales and application teams • Development of Market Segment Experts • Leverage geographic market expertise to cross sell Internal Communication Coordinated Marketing • Companywide Customer • Highlight Helios as opposed to Rel
Slide 45: Go-To-Market Strategy
Go-To-Market Strategy Market Segment Leads • Experts with commercial and technical experience in target markets • Strategic geographic leads System Sales Strategy Helios Technologies // Investor Presentation 45
Slide 46: Go-To-Market Strategy
Go-To-Market Strategy Market Segment Leads Partners • Experts with commercial and • Strategic OEMs technical experience in target markets • Diversified markets • Strategic geographic leads • Leverage channel partners System Sales Strategy Helios Technologies // Investor Presentation 46
Slide 47: Go-To-Market Strategy
Go-To-Market Strategy Market Segment Leads Partners • Experts with commercial and • Strategic OEMs technical experience in target markets • Diversified markets • Strategic geographic leads • Leverage channel partners System Sales Seed Customers Strategy • Leverage existing strong relationships to ga
Slide 48: Go-To-Market Strategy
Go-To-Market Strategy Market Segment Leads Partners • Experts with commercial and • Strategic OEMs technical experience in target markets • Diversified markets • Strategic geographic leads • Leverage channel partners System Sales Seed Customers Strategy Swarm Theory • Leverage existing strong • Team
Slide 49: Value Proposition of Augmented Strategy
Value Proposition of Augmented Strategy System Sales Strategy How We Win ✓ Increase wallet/market share ✓ Develop deeper, more strategic relationships ✓ Create “Sticky Solutions” ✓ Grow diversified markets ✓ Drive operational efficiencies through R&D cross pollination Helios Technologies // Investor
Slide 50: Summary
Summary 1 2 3 New Process New Go-To Market Strategy Driving Success • Integrated, streamlined approach • Well thought out approach to build • Experienced sales team to develop off existing strong customer Market Segment Experts • Aligned communication, training relationships by slowly introducing •
Slide 51: Accelerating Diversified Growth through Innovation
Accelerating Diversified Growth through Innovation Doug Conyers VP of Engineering Excellence Helios Technologies // Investor Presentation 51
Slide 52: Key Takeaways
Key Takeaways Helios Center for Engineering Excellence: 1 Drives Integrated R&D Process 2 Accelerates Multiplier Effect 3 Delivers Results Helios Technologies // Investor Presentation 52
Slide 53: New, Integrated Innovation Team
New, Integrated Innovation Team CURRENT STATE FUTURE STATE Customer Helios Team New strategy allows for fewer customer contact points Business Segment and internal efficiencies, resulting in satisfied customers, higher margins, and increased revenue HYDRAULICS Integrated Integrated Integrated Sales
Slide 54: HCEE Philosophy
HCEE Philosophy Champion Market- Making Products for Diversification Driving Swarm Urgent Intercompany Drive a Engineering Innovation Continuous Issues to Initiatives Engineering Sustain Flywheel Talent Funnel Strategies Helios Technologies // Investor Presentation 54
Slide 55: Helios Center for Engineering Excellence (HCEE)
Helios Center for Engineering Excellence (HCEE) HCEE Benefits HCEE Process Enable High Quality 1 2 3 4 Process Outcomes Select project from Identify relevant partner Develop solution with Successful projects Prioritized Innovation subsidiary/subsidiaries, focus on eliminating transitioned from Reduc
Slide 56: HCEE Process in Action
HCEE Process in Action • Strategic Value • Time to Revenue Product/Solution • Annual Revenue at Maturity Concept • Expected Lifetime of Product 2 1 3 • Familiarity with Customers 4 4 • Probability of Project Success 5 5 6 6 7 Project Type VALUE 7 HCEE Compatible Project: 8 COMPLEXITY 8 Intercompany
Slide 57: HCEE Multiplier Effect
HCEE Multiplier Effect BEFORE Focus on one customer’s request AFTER Fulfill customer’s request, multiply outputs Instrument Cluster Audio Amplifier Wearable (Touch or No-Touch) Camera Vehicle Cameras WiFi Infotainment Development Display(s) USB (Touch) Options Central Platform Information Microphone
Slide 58: Summary
Summary 1 2 3 New, Integrated R&D Process; Helios Center for Engineering Focus on Multiplier Effect Demonstrated Results Excellence Augmenting Strategy Advancing Technologies Accelerating Growth Helios Technologies // Investor Presentation 58
Slide 59: Driving Profitable Growth Through Operational Excellence
Driving Profitable Growth Through Operational Excellence Rick Martich SVP, Global Manufacturing Operations Helios Technologies // Investor Presentation 59
Slide 60: Key Takeaways
Key Takeaways 1 Growing manufacturing & supply chain footprint enables Good, Better, Best commercial strategies 2 Breadth of resources across companies can be leveraged to drive profitability 3 Global manufacturing footprint enables geographic and end market growth and revenue diversification Helios
Slide 61: Expansive & Growing Global Manufacturing Reach
Expansive & Growing Global Manufacturing Reach Manufacturing centers in developed and low-cost locations Integrated global operating system expands capacity & capabilities Hydraulics and Electronics manufacturing capabilities within the Americas, EMEA, and APAC Helios Technologies // Investor Presen
Slide 62: Helios Technologies Investor Presentation
Helios Technologies // Investor Presentation 62
Slide 63: New, Integrated Process
New, Integrated Process CURRENT STATE FUTURE STATE New strategy allows for leverage of global manufacturing Customer Helios Team Business Segment capabilities and assets, resulting in responsive regional service delivery, shortened supply chain lead times, and optimized operating efficiencies. HYDRA
Slide 64: The Approach
The Approach 1 2 3 4 5 Nurture Drive Profitable Engage the Articulate the Lead with Accountability, Growth & Global Team Vision & Strategy facts & data Understanding & Diversification Innovation Helios Technologies // Investor Presentation 64
Slide 65: Global Operating System
Global Operating System Engage & Grow Global Talent Helios Global Leverage Drive Strategy Operating & Guiding Global System Assets & Principles Resources Engagement is the foundation Helios Technologies // Investor Presentation 65
Slide 66: Measuring Success
Measuring Success Competencies Costs Performance Supply Chain Our manufacturing process Relentless improvements Market leading Quality, Strategic make/buy technologies, operating in Quality and Delivery, and Productivity decisions and carefully system capabilities, and Environmental footprint protec
Slide 67: Summary
Summary 1 2 3 Expansive Reach Profitability Focused Growth & Diversification Growing manufacturing & supply chain Breadth of resources across companies Global manufacturing footprint enables footprint enables Good, Better, Best can be leveraged to drive profitability geographic and end market growth
Slide 68: Creating Value
Creating Value Tricia Fulton Chief Financial Officer Helios Technologies // Investor Presentation 68
Slide 69: Key Takeaways
Key Takeaways 1 Strategy Recap 2 Growth Opportunities 3 Operational Efficiencies 4 Financial Position 5 Targets Helios Technologies // Investor Presentation 69
Slide 70: Augmented Strategy Recap
Augmented Strategy Recap Helios Technologies // Investor Presentation 70
Slide 71: Augmented Strategy Recap
Augmented Strategy Recap 1 Drive the cash flow engine 2 Deliver new products 3 Leverage existing products 4 Cultivate customer centricity Helios Technologies // Investor Presentation 71
Slide 72: Augmented Strategy Recap
Augmented Strategy Recap 1 Champion a global operating mindset 2 Leverage global resources and assets 3 Manufacture to support diverse end markets 4 Accelerate innovation 5 Build in the region, for the region Helios Technologies // Investor Presentation 72
Slide 73: Augmented Strategy Recap
Augmented Strategy Recap 1 Diversify end markets 2 Grow wallet share 3 Lead with technology 4 Address white spaces 5 Monetize synergies Helios Technologies // Investor Presentation 73
Slide 74: Augmented Strategy Recap
Augmented Strategy Recap 1 Develop and engage global talent 2 Embrace diversity and shared values 3 Instill a customer-centric culture 4 Promote a learning organization Helios Technologies // Investor Presentation 74
Slide 75: Augmented Strategy Recap
Augmented Strategy Recap 1 Drive the cash flow engine 1 Champion a global operating mindset 2 Deliver new products 2 Leverage global resources and assets 3 Leverage existing products 3 Manufacture to support diverse end markets 4 Cultivate customer centricity 4 Accelerate innovation 5 Build in the r
Slide 76: Accelerating Growth: Hitting $1B Milestone Two Years Early
Accelerating Growth: Hitting $1B Milestone Two Years Early Historic and Projected Revenue Growth Highlights ($ millions) • Outpacing market growth by ~2x; Our markets grow on ≥$1B average 3% to 5% • Diversifying our markets, our products and our applications $745 (1) ~10% • Leveraging a strong pipel
Slide 77: Revenue Diversification Expected to Continue
Revenue Diversification Expected to Continue Segment 29% Electronics expected to $197m become a 2016 Revenue $598m much larger LTM Q1 2021 contributor by Revenue 2023 98% 71% Hydraulics Electronics Geographic 22% 29% $197m 48% Geographic 2016 Revenue $598m 44% Diversity Will 30% LTM Q1 2021 Continue
Slide 78: Strong Margins with a Pathway to Grow
Strong Margins with a Pathway to Grow Historic and Projected Adj. EBITDA Margin Growth Highlights • Leveraging shared global supply chains 25.4% Capture ~180 bps from • Integrating manufacturing operations and systems 2020A to 2023E 25.0% • Leveraging manufacturing centers in developed and low-cost
Slide 79: Solid Cash Position
Solid Cash Position Historic Annual Free Cash Flow Historic Annual Leverage (1) Highlights ($ millions) 204% • Ability to convert FCF and increase it over time 126% $94.0 3.04x • Self-funding acquisition strategy over time 2.38x 105% $76.2 ≤2.0x Target 2.12x • FCF dollars and conversion has gone up
Slide 80: Strong Liquidity Position
Strong Liquidity Position Capital Structure Highlights ($ millions, Ending Q1 2021) $400 $26 $176 • Current: Net Debt / Adj. EBITDA(1): 2.65x Total RCF $150 • Target: Net Debt / Adj. EBITDA ≤2.0x Undrawn • Structure enables disciplined acquisition strategy • Continue to flex up for acquisitions then
Slide 81: Capital Allocation Priorities
Capital Allocation Priorities Capital Allocation Priorities Last 5 Years Near-Term 1 ORGANIC GROWTH 4% 8% • Grow at ~2x market • New product development 10% • Integrate electronics and hydraulics know-how • Support product platform Expect a more balanced approach with our flywheel 2 DEBT REDUCTION a
Slide 82: Top Performer vs Segment Peer Groups
Top Performer vs Segment Peer Groups Hydraulics Comparisons Electronics Comparisons (Consensus 2021 Adj. EBITDA Margin and Topline Growth Estimates) (Consensus 2021 Adj. EBITDA Margin and Topline Growth Estimates) 45% 45% 28% 28% 29% 24% 26% 24% 24% 22% 23% 21% 21% 19% 18% 21% 18% 17% 14% 14% 13% 12
Slide 83: Proven M&A Framework
Proven M&A Framework Goals Targets Integration Model • Meets Growth and Profitability Goals • Strong management • Successful on standalone basis • Enhances Technology • Culture supporting innovation • Retain employees • Diversifies End Markets • Superior profitability • Keep customer relationships •
Slide 84: M&A Scorecard
M&A Scorecard 2016 2018 2018 2020 2021 2021 (Pending) 2021 (Pending) Acquisition Type: Transformational Transformational Flywheel Transformational Flywheel Flywheel Flywheel 1 Meets Growth & Profitability Goals 2 Enhances Technology 3 Diversifies End Markets 4 Deepens Geographic Reach 5 Accretive to
Slide 85: Accelerated Plans: Hitting $1B Milestone in Sales Two Years Early
Accelerated Plans Hitting $1B Milestone in Sales Two Years Early Organic Sales ~25% Adj. Organic Non- ≥$1B in Sales GAAP Cash EPS Growth ~2x EBITDA Margin(1) by YE 2023 CAGR(2) ≥22% Market Rates by YE 2023 With Enhanced Margin Profile (1) Reflects a non-GAAP financial measure; see supplemental slide
Slide 86: Summary
Summary 1 2 3 4 5 Strategy Growth Operational Financial Targets Recap Opportunities Efficiencies Position Expanding existing Meeting revenue goals markets, adding Streamlining sales, Growing free cash flow Pivoting to an operating 2 years early, adjacent markets, innovation, and global driving growt
Slide 87: Helios Technologies Investor Presentation
Helios Technologies // Investor Presentation 87
Slide 88: Appendix
Appendix Helios Technologies // Investor Presentation 88
Slide 89: Team Biographies
Team Biographies Helios Technologies // Investor Presentation 89
Slide 90: Josef Matosevic biography
Josef Matosevic joined the Company in June 2020. Prior to joining the Company, he had served as Executive Vice President and Chief Operating Officer of Welbilt, Inc. (NYSE: WBT), a global manufacturer of commercial foodservice equipment, since August 2015. Mr. Matosevic also served as interim Presid
Slide 91: Melanie Nealis biography
Melanie Nealis joined the Company in July 2018 and brings over 20 years of experience in legal and human resources to the Company. She currently serves as the Chief Legal & Compliance Officer and Secretary for the organization and its subsidiaries. She is responsible for managing the legal and compl
Slide 92: John Shea and Doug Conyers biographies
John Shea joined Enovation Controls in 2014 prior to its being acquired by the Company in 2016. He progressed through several roles there and most recently served as Enovation’s Vice President of Sales. Mr. Shea began his career at Borg-Warner and rapidly advanced to roles of greater responsibility.
Slide 93: Jason Morgan and Rick Martich biographies
Rick Martich joined Enovation Controls over fourteen years ago and progressed from managing customer service and quality, through leading global manufacturing, to operations and international sales. He has over 25-years of leadership experience in engineering, manufacturing, finance and sales. Mr. M
Slide 94: Matteo Arduini and JP Parent biographies
Matteo Arduini was appointed General Manager of Faster S.r.l. in 2018, after having served as Faster’s Chief Financial Officer beginning in April of 2018. From September 2012 to April 2018, Mr. Arduini was with Brevini /Dana Incorporated (NYSE: DAN). He served as the CFO of the Brevini Group and the
Slide 95: Billy Aldridge biography
Billy Aldridge joined FW Murphy as the OEM Sales Manager in 2008 where he grew the marine market. In 2009, FW Murphy merged with EControls, forming Enovation Controls (which was acquired by Helios in 2016.) He proceeded to advance into a Director position in 2015 and then in 2018 moved to the positi
Slide 96: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables Helios Technologies // Investor Presentation 96
Slide 97: Net Debt to Adjusted EBITDA
Net Debt to Adjusted EBITDA (Unaudited) TTM Q1 ($ in thousands) 2017 2018 2019 2020 2021 Current portion of long-term non-revolving debt, net $ - $ 5,215 $ 7,623 $ 16,229 $ 15,841 Revolving lines of credit 116,000 255,750 208,708 256,224 250,212 Long-term non-revolving debt, net - 91,720 84,062 189,
Slide 98: Adjusted EBITDA
Adjusted EBITDA (Unaudited) ($ in thousands) 2016 2017 2018 2019 2020 Net income $ 23,304 $ 31,558 $ 46,730 $ 60,268 $ 14,218 Interest expense, net (790) 3,781 13,876 15,387 13,286 Income tax provision 11,597 15,986 9,665 15,039 9,829 Depreciation and amortization 11,318 19,190 39,714 35,215 39,695
Slide 99: Adjusted EBITDA TTM Q121
Adjusted EBITDA TTM Q121 (Unaudited) Q2 Q3 Q4 Q1 TTM Q1 ($ in thousands) 2020 2020 2020 2021 2021 Net income $ 12,908 $ 12,982 $ 5,551 $ 22,587 $ 54,028 Interest expense, net 2,891 2,730 4,714 4,751 15,086 Income tax provision 636 3,380 1,605 6,807 12,428 Depreciation and amortization 8,645 8,784 13
Slide 100: Free Cash Flow
Free Cash Flow (Unaudited) ($ in thousands) 2017 2018 2019 2020 Net cash provided by operating activities $ 49,382 $ 77,450 $ 90,480 $ 108,556 Contingent consideration payment in excess of acquisition date fair value - - 10,731 - Adjusted net cash provided by operating activities 49,382 77,450 101,2