Slide 1: First Quarter 2022 Teleconference Supplemental Data
First Quarter 2022 Teleconference Supplemental Data Please see Ecolab’s news release dated April 26, 2022 for additional information, including discussion on the use of certain non-GAAP financial measures.
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding COVID-19 pandemic trends, gl
Slide 3: 1Q 2022 Overview
1Q 2022 Overview Overview Continued strong double-digit sales growth, driven by accelerating pricing and further new business wins, overcame continued substantial delivered product cost inflation and unfavorable currency translation in a rapidly changing global operating environment to deliver t
Slide 4: 1Q 2022 Environment
1Q 2022 Environment Restaurants and lodging: The recovery in U.S. and Europe restaurant and hotel traffic slowed early in the quarter as the rapid rise in new COVID infections in January impacted business activity. U.S. full-service in-unit traffic averaged 62% of 2019 levels in 1Q, down from 4Q
Slide 5: 2022 Outlook
2022 Outlook We assume continued, if uneven, global economic growth in 2022 as global COVID impacts generally move behind us. In this rapidly changing environment, we remain focused on continuing to drive strong new business gains, pricing, and margin improvement. While we expect the impact of sub
Slide 6: 1Q 2022 Results
1Q 2022 Results First Quarter Ended March 31 Reported Adjusted * (unaudited) Public Currency Rates % Public Currency Rates % (millions, except per share) 2022 2021 Change 2022 2021 Change Net sales $3,266.7 $2,885.0 13 % $3,266.7 $2,885.0 13 % Operating income 254.5 297.3 -14 % 331.5 329.7 1% Net in
Slide 7: 1Q 2022 Sales Growth Detail
1Q 2022 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change Water 12% 11% Volume & mix 7% Food & Beverage 10% 10% Pricing 5% Downstream 16% 16% Subtotal 12% Paper 16% 16% Acq./Div. 4% Total Global Industrial 12% 12% Fixed currency growth 16% Curren
Slide 8: 1Q 2022 Income Statement / Margins
1Q 2022 Income Statement / Margins ($ millions, unaudited)* 2022 % sales 2021 % sales % change Comments** Gross Profit $1,193.3 36.5% $1,173.0 40.7% 2% Adjusted gross margins of 38.1% in 2022 and 41.3% in 2021 primarily reflected accelerating structural pricing that was more than offset by a 25% inc
Slide 9: 1Q 2022 Balance Sheet / Cash Flow
1Q 2022 Balance Sheet / Cash Flow Summary Balance Sheet March 31 March 31 (millions, unaudited) 2022 2021 (millions, unaudited) 2022 2021 Cash and cash eq. $99.4 $1,189.5 Short-term debt $493.1 $24.3 Accounts receivable, net 2,508.2 2,272.0 Accounts payable 1,423.9 1,128.2 Inventories 1,589.9 1,347.
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures First Quarter Ended March 31 (millions, except percent and per share) 2022 2021 Net sales Reported GAAP net sales $3,266.7 $2,885.0 Effect of foreign currency translation (11.3) (76.7) Non-GAAP fixed currency sales 3,255.4 2,808.3 Effect of acquisitions and divestitures (
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) First Quarter Ended (millions, except percent and per share) March 31 2022 2021 Net Income attributable to Ecolab Reported GAAP net income attributable to Ecolab $171.9 $193.6 Special (gains) and charges, after tax 63.6 24.2 Discrete tax net expense (benefit)
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures First Quarter Ended March 31 (unaudited) 2022 2021 (millions) Impact of Impact of Fixed Acquisitions and Acquisition Fixed Acquisitions and Acquisition Currency Divestitures Adjusted Currency Divestitures Adjusted Net Sales Global Industrial $1,557.0 ($5.9) $1,551.1 $1,38