Kewaunee Scientific Corporation · NASDAQ:KEQU
Kewaunee Scientific — Q1 FY2025 Earnings Presentation
20 slides from Kewaunee Scientific's earnings presentation, September 2024
Slide 1: Kewaunee Scientific Corporation NASDAQ: KEQU
KEWAUNEE SCIENTIFIC CORPORATION NASDAQ: KEQU
Slide 2: Special Note Regarding Forward-Looking Statements
Special Note Regarding Forward-Looking Statements Certain statements in this document constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). All statements other than statements of historical fact included in this Annual
Slide 3: About Non-GAAP Measures
About Non-GAAP Measures The following slides include non-GAAP financial measures such as adjusted net earnings and adjusted net earnings per share as supplemental information relating to Kewaunee’s operating results. Adjusted net earnings represent GAAP net earnings adjusted for professional fees no
Slide 4: Kewaunee Overview
Statesville, NC Global Headquarters Statesville, NC Bangalore, India Manufacturing Locations India Singapore Saudi Arabia International Sales Offices Founded 1906 Over 118 years of experience Largest laboratory furniture manufacturer in the world. Kewaunee is the only manufacturer to produce wood, m
Slide 5: Kewaunee's History
Kewaunee’s History 1906 1926 1955 1962 1968 e e e e e Kewaunee "i i Kewaunee Rentini Production expands Production begins Resin manufacturing ee i toa second facility in in Statesville, NC plant opens in 4 Company is founded “Adrian, Mil Statesville, NC publicly owned in Kewaunee, WI " 7 company ie)
Slide 6: The Human Spirit Driving Innovation Forward
The Human Spirit Driving Innovation Forward The human desire to discover has fueled a century of remarkable progress. Here's a glimpse into some of the groundbreaking discoveries that have shaped the modern era. Harnessing the Power A Giant Leap for Taking Flight The Digital Revolution of the Atom M
Slide 7: A History of Laboratory Spaces
A History of Laboratory Spaces WHY IS INNOVATION IMPORTANT IN LAB DESIGN? Modern labs have evolved to become dynamic arenas where discoveries are made, ideas are exchanged, and innovation thrives. They are also key tools for recruiting research funding and top talent. These amazing spaces serve as t
Slide 8: Why Do Spaces Matter?
Why Do Spaces Matter? COLLABORATION HUBS Modern laboratories are designed to break down physical barriers and create a sense of community. Open floor plans and flexible SHIFTING LAB LANDSCAPES: The evolution of lab spaces reflects furniture allow scientists from diverse disciplines to easily interac
Slide 9: Amazing Spaces Across Industries
Amazing Spaces Across Industries At Kewaunee, we believe in empowering the scientific community with spaces that inspire, innovate, and integrate. Serving the forefront of life sciences, education, healthcare, industrial, petrochemical, and government research, we deliver unparalleled laboratory env
Slide 10: Discovery Drives R&D Spending
Discovery Drives R&D UK Russia $106 B Spending USA $55 B $52 B China South Korea Italy $551 B Japan Global R&D Spending is Taiwan $886 B $182 B on the Rise. $36 B $32 B The United States and Germany China are the top Brazil India spenders on R&D, $143 B $37 B $65 B accounting for more than half of g
Slide 11: Global Laboratory Furniture & Enclosure Market Outlook
Global Laboratory Furniture & Enclosure Market Outlook Global Market Potential ($M) Market Growth from 2022 to 2027F ($M) 6.8% Clean Bench & BSCs, $669, 26% Clean Bench & BSCs, $998, 28% 2022 2027F 2027F Lab Furniture & Fume Fume Hoods, Lab Furniture Fixtures, Hoods, $625, 24% & Fixtures, $1,285, 50
Slide 12: Why Choose Kewaunee?
WHY CHOOSE KEWAUNEE? Experience Serving Industry-Leading Leading Dealer and Financial Experience Users In Multiple Portfolio Distribution Network Stability End-Use Markets Founded in 1906, Kewaunee offers Our global network of $203.8 Million Kewaunee brings The industries served by total lab solutio
Slide 13: Financial Review
Financial Review
Slide 14: Historical Financials
HISTORICAL FINANCIALS Kewaunee Scientific Corporation | NASDAQ: KEQU Consistent Revenue and Backlog Stable Annual Revenue Globally Revenue Backlog Domestic International $219.5M $203.8M $146.7M $168.9M $173.9M $137.2M $155.6M $126.9M $147.9M $72.8M $66.5M $42.0M FY2022 FY2023 FY2024 FY2022 FY2023 FY
Slide 15: FY24 Financial Review
FY24 Financial Review $ in thousands, excluding FY22 FY23 FY24 Pension Valuation FY24 per share data Reported Reported Reported Settlement Allowance Adjusted Net Sales $168,872 $219,494 $203,755 $- $- $203,755 Operating Profit (2,608) 5,364 18,281 - - 18,281 % of Sales -1.5% 2.4% 9.0% 0.0% 0.0% 9.0%
Slide 16: First Quarter, QTD FY2025
First Quarter, QTD FY2025 Revenue Net Earnings Diluted EPS $49.8 $0.86 $48.4 $0.74 $2.5M $2.2M 1Q FY24 1Q FY25 1Q FY24 1Q FY25 1Q FY24 1Q FY25 16
Slide 17: Q1'25 Financial Review
Q1’25 Financial Review $ in thousands, excluding Q1’24 Q1’25 Professional Q1’25 per share data Reported Reported Fees1 Adjusted Net Sales $49,839 $48,393 $- $48,393 Operating Profit 3,808 2,575 730 3,305 % of Sales 7.6% 5.3% 0.0% 6.8% Pension, Interest and Other (396) (145) - (145) Profit/(Loss) Bef
Slide 18: Balance Sheet
Balance Sheet ($000's) As of July 31, 2024 As of April 30, 2024 As of April 30, 2023 Cash, Cash Equivalents & Restricted $25,186 $25,938 $13,815 Cash Total Assets $132,018 $134,766 $118,898 Total Liabilities $74,505 $78,557 $80,413 Total Stockholders' Equity $57,513 $56,209 $38,485 Total Liabilities
Slide 19: Strategic Direction and Outlook
Strategic Direction and Outlook
Slide 20: Strategic Direction and Outlook
Strategic Direction and Outlook OUR GUIDING PRINCIPLES We will be easy to do business with. We will get closer to our customer(s). We will do everything with excellence. We will lead and not follow (we are innovators). 20
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