Slide 1: First Quarter 2021 Earnings
First Quarter 2021 Earnings April 28, 2021 1
Slide 2: Agenda
Agenda IDEX Business Overview • IDEX Overview • M&A Summary • Orders & End Market Update Financials • Q1 Performance • Operating Profit 2021 Guidance IDEX Difference Updates Q&A IDEX Proprietary & Confidential 2
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13712089 • Log on to: www.idexcorp.com IDEX Proprietary & Confidential 3
Slide 4: Cautionary Statement
Cautionary Statement Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate
Slide 5: Business Update
Business Update IDEX Proprietary & Confidential 5
Slide 6: IDEX Overview
IDEX Overview Momentum Continues • Most end markets continue to improve • Lingering hesitancy of large orders in Industrial • COVID-19: uneven vaccine distribution and variants emerging Overcoming Obstacles with Operational Excellence • Material shortages, logistics hurdles, staffing challenges • ID
Slide 7: M&A Summary
M&A Summary Airtech Vacuum Acquisition • Highly engineered pressure technology products, including regenerative blowers, vacuum pumps, compressor systems and pneumatic valves. • Expands our expertise in specialized, high-performing air moving technologies • Will create a $200M+ pneumatics platform i
Slide 8: Sequential Organic Order Performance
Sequential Organic Order Performance Quarterly improvement experienced in all segments since COVID peak 8
Slide 9: 2021 Market Outlook
2021 Market Outlook FLUID & METERING HEALTH & SCIENCE FIRE & SAFETY / TECHNOLOGY TECHNOLOGY DIVERSIFIED RECOVERED Agriculture Semiconductor Automotive Chemical Food / Pharma Dispensing Automotive RECOVERING Water Analytical Fire / Rescue Instrumentation Industrial Life Sciences Industrial LAGGING En
Slide 10: Financials
Financials IDEX Proprietary & Confidential 10
Slide 11: IDEX Q1 Financial Performance
(Dollars in millions, excl. EPS) IDEX Q1 Financial Performance Sales Earnings Per Share* Organic: 6% increase 14% increase $1.51 $1.33 Q1 2020 2021 Operating Margin* Free Cash Flow 80 bps increase 32% increase 24.3% $95 23.5% $72 Q1 Q1 2020 2021 2020 2021 Strong Q1 order growth and excellent operati
Slide 12: Q1 Adjusted Operating Income Walk
Q1 Adjusted Operating Income Walk (Dollars in millions) Post-COVID volume recovery with cost discipline and strong execution IDEX Proprietary & Confidential 12
Slide 13: 2021 Guidance Summary
2021 Guidance Summary Q2 2021 EPS estimate range: $1.60 – $1.63 Organic revenue growth: 18% - 20% Operating margin: ~24.5% Tax rate: ~23% FX impact: ~2.0% topline benefit based on March 31, 2020 FX rates Corporate costs: ~$21 million FY 2021 EPS estimate range: $6.05 – $6.20 Organic revenue growth:
Slide 14: IDEX Difference Updates
IDEX Difference Updates Published New Corporate Social Responsibility Report • Adopted Sustainable Accounting Standards Board (SASB) sector standards • Increased disclosures around • Health & Safety • Diversity • Environmental Impact Evolution of our Culture - Diversity Equity & Inclusion • Global f
Slide 15: Appendix
Appendix IDEX Proprietary & Confidential 15
Slide 16: Fluid & Metering Technologies
(Dollars in millions) Fluid & Metering Technologies Orders Sales Operating Margin* Organic: Flat Organic: 2% increase 290 bps decrease $236 $250 $243 $227 Q1 Q1 2020 2021 2020 2021 Q1 Sales Mix: Organic 2% Q1 Highlights: Acquisition 3% ❑ Industrial market continues to improve from economic recovery
Slide 17: Health & Science Technologies
(Dollars in millions) Health & Science Technologies Orders Sales Operating Margin* Organic: 9% increase Organic: 9% increase 340 bps increase $291 $261 $250 $224 Q1 Q1 2020 2021 2020 2021 Q1 Sales Mix: Organic 9% Q1 Highlights: FX 3% ❑ Scientific Fluidics & Optics driven by strength in analytical in
Slide 18: Fire & Safety / Diversified Products
(Dollars in millions) Fire & Safety / Diversified Products Orders Sales Operating Margin* Organic: 11% increase 160 bps increase Organic: 7% increase $171 $159 $149 $144 Q1 Q1 2020 2021 2020 2021 Q1 Sales Mix: Organic 7% Q1 Highlights: ❑ Fire & Rescue experiencing slow recovery in EU and India munic