Slide 1: Second Quarter 2021 Financial Results
SECOND QUARTER 2021 FINANCIAL RESULTS July 21, 2021
Slide 2: Cautionary Statement Under the Private Securities Litigation Reform Act
CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation and discussion contains certain “forward-looking statements” that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 20, 2021, as
Slide 3: 2Q 2021 Performance Update
2Q 2021 PERFORMANCE UPDATE Consolidated Rexnord • 2Q net sales increased 27% year over year – core sales(1) +21%, M&A +3%, translation +3% • Adjusted EBITDA(1) was $133 million • Strong order rates across both platforms Water Management (WM) • 2Q net sales increased by +39% year over year – core gro
Slide 4: BrightShield by Zurn Launch
BrightShield by Zurn Launch 4
Slide 5: Hydro X Power
zurn. Hydro X Power See ] — P a W — High Performance, Low Maintenance 10-YEAR BATTERY LIFE with just a few activations per day. The technology ext faucet’s battery life for up to 10 's or more of uninterrupted power. HIGH EFFICIENCY DESIGN Maximize power without impact to flow volume. High-efficienc
Slide 6: Z100 Flo Force
Z100 Flo Force Superior Performance Easy to Install Designed with engineer, contractor and Efficient system building owner 6
Slide 7: 2Q 2021 Summary
2Q 2021 SUMMARY 2Q 2021 Net Sales $ in millions 2Q 2021 2Q 2020 Change 43% Net Sales $568 $449 27% 57% Growth from: Core (1) 21% Process & Motion Control Water Management Acq & Divest 3% Translation 3% 2Q 2021 Segment Adjusted EBITDA Adjusted EBITDA (1) $133 $103 29% 45% % of Sales 23.5% 23.0% 50 bp
Slide 8: 2Q 2021 Platform Results
2Q 2021 PLATFORM RESULTS WM $ in millions 2Q 2021 2Q 2020 Change Net Sales $244 $175 39% • Continued strong demand across all product lines Growth from: Core (1) 29% • Adjusted EBITDA dollars grow +28% year over year Acquisitions 9% Translation 1% Adjusted EBITDA (1) $65 $51 28% % of Sales 26.8% 29.
Slide 9: Cash Flow & Balance Sheet
CASH FLOW & BALANCE SHEET Free Cash Flow ($ millions) (1) Net Debt Leverage Ratio (2) Total Debt ($ millions) (3) 300 3.0x 2,000 250 1,500 200 2.5x 150 2.3x 276 1,000 244 2.1x 100 210 2.0x 1,303 1,192 1,224 1,192 1.9x 500 1,149 50 69 1.9x 1.7x 39 0 1.5x 0 CY18 CY19 CY20 3 Mos 3 Mos Dec-18 Dec-19 Dec
Slide 10: September Quarter Outlook
SEPTEMBER QUARTER OUTLOOK Water Management • Total sales increase by high teens percentage year over year • Adjusted EBITDA(1) margin in 26% - 27% range(2) Process & Motion Control • Total sales increase by mid-teens percentage year over year • Adjusted EBITDA(1) margin in 23% - 24% range(2) Corpora