Stewart & Stevenson — Investor Presentation (February 2009)
7 slides from Stewart & Stevenson's investor presentation, Feb 3, 2009
Slide 1: 9 Months 2008 Revenue by Product and End Market
9 Mot 2008 Revenue by Product. Revenue by End Market ‘9 Months 2008 ruin omer cee YA Power Generation Coiled Tubing va = x Engines BE Aaterat Handing . %% Seismic baa $960 Million *
Slide 2: Actions Taken For Current Market Conditions
Consistent with our previous public filings, FY2004 financial information presented herein pertain to a predecessor entity. Also, FY2005 financial information presented herein are non-GAAP financial measurements as they combine such financial information for a predecessor entity and Stewart & Steven
Slide 3: Rental Business
Rental Business § Industries served include oil and gas, power generation, construction, material handling, military and mining § Nearly 1,400 rental units as of November 1, 2008 § Operating margin of approximately 24% § FY 2008 revenue growth driven by Hurricanes Ike and Gustov
Slide 4: Revenue Growth ($ mm)
Revenue Growth ($ mi ) Fy 2004 FY 2005. FY 2006 FY 2007 Operating Margin 17.4% 30.5% 30.7% 31.6%
Slide 5: Customer Base
Customer Base § Over 2,000 active customers across all industries § Top 10 customers historically represent 25%-30% of total revenue § No single customer accounts for more than 7% of total revenue
Slide 6: Months FY2008 vs. FY2007 Customer Revenue
Months FY2008 vs. FY2007 9 Months 2007 ‘astomer Kot fev. v ‘Weatherford “ee
Slide 7: EBITDA Reconciliation
EBITDA Reconciliation ($ millions) Nine Months Ended FY 2004 FY 2005 FY 2006 FY 2007 2007 2008 Net earnings (loss) from continuing operations $ 6.3 $ 15.2 $ 41.5 $ 91.8 $ 72.1 $ 49.4 Add: Interest expense, net 0.2 0.4 19.8 29.1 21.6 18.8 Income tax expense 0.5 10.2 0.7 5.2 6.1 1.5 Depreciation and a
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