Sturm, Ruger & Company, Inc. · NYSE:RGR
Sturm, Ruger & — Investor Presentation (May 2018)
26 slides from Sturm, Ruger &'s investor presentation, May 9, 2018
Slide 1: Ruger Meeting
RUGER MEETING
Slide 2: Caution: Forward Looking Statements
Caution: Forward Looking Statements Statements made in the course of this meeting that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company’s actual results could differ mate
Slide 3: Opening Remarks
OPENING REMARKS
Slide 4: Slide 4
Slide 5: Market Conditions
MARKET CONDITIONS
Slide 6: NSSF Firearms Available to Consumer Market
NSSF Firearms Available to Consumer Market - 2 4 6 8 10 12 14 16 F i r e a r m P r o d u c t i o n ( i n M i l l i o n s )
Slide 7: NSSF Firearms Available to Consumer Market
NSSF Firearms Available to Consumer Market - 2 4 6 8 10 12 14 16 F i r e a r m P r o d u c t i o n ( i n M i l l i o n s )
Slide 8: Monthly Adjusted NICS
Monthly Adjusted NICS * * In Thousands, as of March 31, 2018. 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2010 2011 2012 2013 2014 2015 2016 2017 2018 December 2011 December 2010 December 2012 December 2013 December 2014 December 2015 December 2016 December 2017
Slide 9: New Product Development
NEW PRODUCT DEVELOPMENT
Slide 10: Voice of the Customer Research to Production Process
VOICE OF THE CUSTOMER RESEARCH NEW PRODUCT ENGINEERING & DEVELOPMENT RAPID PROTOTYPING FIELD TESTING PRODUCTION & INVENTORY BEFORE LAUNCH
Slide 11: New Products New Models
64 NEW PRODUCTS 106 NEW MODELS OVER 300 DISTRIBUTOR EXCLUSIVES, CURRENTLY OFFERING OVER 600 VARIATIONS ACROSS 40 PRODUCT LINES.
Slide 12: Highlighted New Products 2017 and YTD 2018
IGHLIGE > NEW PRODUC 2017 AND YTD 2018 PC CARBINE
Slide 13: Slide 13
Slide 14: Slide 14
Slide 15: Ruger Precision Rimfire
RUGER PRECISION RIMFIRE
Slide 16: Highlighted New Products 2017 and YTD 2018
HIGHLIGHTED NEW PRODUCTS ¢ 2017 AND YTD 2018 GS LCRx® WITH 3 INCH GPi00” BARREL AND MATCH CHAMPION’ ADJUSTABLE SIGHT IN 10MM AUTO, MARK IV 22/43" TAMPION™ RUGER AMERICAN RIFLE® PREDATOR Qo w0.1820% WITH VORTEX® CROSSFIRE I1° RIFLESCOPE
Slide 17: Financial & Operating Highlights
FINANCIAL & OPERATING HIGHLIGHTS
Slide 18: Quarterly Financial Results
Quarterly Financial Results (in Millions, Except Per Share Data) 2018 2017 Q1 Q4 Q3 Q2 Q1 Revenues $131.2 $118.2 $104.8 $131.9 $167.4 GrossMargin $35.8 $33.1 $30.2 $34.9 $55.8 Operating Profit $18.6 $13.9 $13.3 $15.3 $33.9 14% 12% 13% 12% 20% EPS $0.81 $0.59 $0.53 $0.57 $1.21 EBITDA $27.1 $22.6 $20.
Slide 19: Quarterly Finished Goods Unit Inventory
Quarterly Finished Goods Unit Inventory (in Thousands) - 50 100 150 200 250 300 350 400 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Ruger 51,000
Slide 20: Quarterly Finished Goods Unit Inventory
Quarterly Finished Goods Unit Inventory (in Thousands) - 50 100 150 200 250 300 350 400 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Ruger 51,000 Distributor 252,200
Slide 21: Quarterly Finished Goods Unit Inventory
Quarterly Finished Goods Unit Inventory (in Thousands) - 50 100 150 200 250 300 350 400 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Ruger 51,000 Distributor 252,200 Target Distributor Inventory at 6 Turns is 273,000 Units
Slide 22: Cash Returned to Shareholders
Cash Returned to Shareholders (in Millions) $0 $20 $40 $60 $80 $100 $120 $140 201220112010200920082007 2013 2014 20152006 2016 Special Dividend $87 Million StockRepurchase $25 Million StockRepurchase $20 Million Stock Repurchase $27 Million Stock Repurchase $65 Million Our conservative balance sheet
Slide 23: RGR NYSE
RGR NYSE SHARES OUTSTANDING: 17.4 MILLION PRICE: $58.10 (5/5/18) MARKET CAPITALIZATION: $1.0 BILLION
Slide 24: Investor Communications
Investor Communications We anticipate releasing 2018 quarterly earnings and holding investor conference calls on the following dates: Earnings Release Conference Call Q2 2018 August 1, 2018 August 2, 2018 Q3 2018 October 31, 2018 November 1, 2018 Q4 2018 February 20, 2019 February 21, 2019
Slide 25: Slide 25
Slide 26: A Company That Our Customers Are Excited To Buy From
A COMPANY THAT OUR CUSTOMERS ARE EXCITED To Buy From, THAT OUR ASSOCIATES ARE PROUD To work AT, AND THAT OURTNVESTORS SEEK FOR LONG-TERM RETURNS.