Ecolab Inc. · NYSE:ECL
Ecolab — Q1 2021 Earnings Presentation
13 slides from Ecolab's earnings presentation, Apr 27, 2021
Slide 1: First Quarter 2021 Teleconference Supplemental Data
First Quarter 2021 Teleconference Supplemental Data Please see Ecolab’s news release dated April 27, 2021 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, th
Slide 3: 1Q 2021 Overview
1Q 2021 Overview Overview Sequentially improving underlying trends in Ecolab’s first quarter, driven by further good new business wins, customer penetration gains, continued pricing and generally improving market conditions were negatively impacted by supply chain and customer disruptions from t
Slide 4: 1Q 2021 Environment
1Q 2021 Environment 4 Restaurants and lodging: The prior recovering trends in restaurant, hotel, entertainment facility, etc. traffic continued to be negatively impacted in 1Q 2021 by increased restrictions outside the U.S. following the global resurgence of COVID-19 infections. Trends generally i
Slide 5: 2021 Comment
2021 Comment The continued uncertain outlook regarding the timing and pace of global economic recovery from COVID-19’s impact does not yet present an adequate basis for us to provide either quarterly or annual earnings forecasts. We expect continued recovery in the full year 2021. Healthcare & Life
Slide 6: 1Q 2021 Results
1Q 2021 Results First Quarter Ended March 31 Reported Adjusted * (unaudited) Public Currency Rates % Public Currency Rates % (millions, except per share) 2021 2020 Change 2021 2020 Change Net sales $2,885.0 $3,020.6 -4 % $2,885.0 $3,020.6 -4 % Operating income 297.3 376.2 -21 % 329.7 401.2 -18 % NI
Slide 7: 1Q 2021 Sales Growth Detail
1Q 2021 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated* % Change Water 0% 0% Volume & mix -10% Food & Beverage 2% -2% Pricing 1% Downstream -17% -17% Subtotal -8% Paper 2% 2% Acq./Div. 2% Total Global Industrial -2% -3% Fixed currency growth -6% Curren
Slide 8: 1Q 2021 Income Statement / Margins (cont. ops.)
1Q 2021 Income Statement / Margins (cont. ops.) ($ millions, unaudited)* 2021 % sales 2020 % sales % change Comments** Gross Profit $1,173.0 40.7% $1,300.4 43.1% -10 % Adjusted gross margins were 41.3% in 2021 and 43.4% in 2020, with a narrowing decrease primarily reflecting the impact of COVID-19 r
Slide 9: 1Q 2021 Balance Sheet / Cash Flow
1Q 2021 Balance Sheet / Cash Flow Summary Balance Sheet March 31 March 31 (millions, unaudited) 2021 2020 (millions, unaudited) 2021 2020 Cash and cash eq. $1,189.5 $1,552.2 Short-term debt $24.3 $1,035.2 Accounts receivable, net 2,272.0 2,409.9 Accounts payable 1,128.2 1,042.2 Inventories 1,347.0 1
Slide 10: Appendix
Appendix Please see Ecolab’s news release dated April 27, 2021 for additional information, including discussion on the use of certain non-GAAP financial measures. 10 .
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures First Quarter Ended (unaudited) March 31 (millions, except percent) 2021 2020 Net sales Reported GAAP net sales $2,885.0 $3,020.6 Effect of foreign currency translation 5.6 68.0 Non-GAAP fixed currency sales 2,890.6 3,088.6 Effect of acquisitions and divestitures (71.7) (
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) First Quarter Ended (millions, except percent and per share) March 31 2021 2020 Net Income from continuing operations attributable to Ecolab Reported GAAP net income from continuing operations attributable to Ecolab $193.6 $292.0 Special (gains) and charges, a
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) First Quarter Ended March 31 (millions) 2021 2020 Impact of Impact of Fixed Acquisitions and Acquisition Fixed Acquisitions and Acquisition Currency Divestitures Adjusted Currency Divestitures Adjusted Net Sales Global Industrial $1,433.9 (33.1) $1,400.8 $1,46