Burnham Holdings, Inc. · OTC:BURCA
Burnham — Shareholder Meeting (April 2024)
24 slides from Burnham's shareholder meeting presentation, Apr 22, 2024
Slide 1: 2024 Shareholders Meeting Welcome
2024 Shareholders Meeting Welcome Meeting will begin at 11:30 a.m. ET Presentation Name Presenter April 22, 2024 Date OTC: BURCA 1
Slide 2: Agenda
Agenda 1. Introduction 2. Meeting Specifics - a. Due Notice of Meeting b. 2023 Minutes c. Appointment of Inspector of Election Presentation Name 3. CEO's Comments Presenter 4. Chairman's Comments 5. Vote Results - Date a. Proposal 1: Directors b. Proposal 2: Auditors 6. Adjournment 2
Slide 3: Director Candidates & Appointment of Auditors
Director Candidates & Appointment of Auditors Directors of the Company – Class of 2024 - 2027 • Douglas S. Brossman • Christopher R. Drew • Laura T. Wand Independent Auditors - 2024 • Baker Tilly US, LLP 3
Slide 4: 2024 Shareholders Meeting
2024 Shareholders Meeting Christopher Drew April 22, 2024 OTC: BURCA 4
Slide 5: Cautionary “Forward-Looking” Statements
Cautionary “Forward-Looking” Statements Statements in this presentation that are not historical are “for ward-looking statements” and are subject to change. These statements are subject to risks and uncer tainties that could cause the Company’s actual operating results to differ materially from thos
Slide 6: Burnham Holdings Officers - April 2024
Burnham Holdings Officers - April 2024 Christopher Drew President & CEO Paul Spradling Melissa Devitz Vice President - Vice President - Human Operations Resources Bryan O'Toole Vice President - Business Samantha Fugagli Development Nick Ribich General Counsel & Vice President & Secretary Chief Finan
Slide 7: 2023 Financial Highlights
2023 Financial Highlights • Net sales of $253.0 million – an increase of 5.2% compared to 2022 • Highest net sales number in BHI histor y • Net income of $9.4 million • Highest net income since 2004 • Gross profit margin of $59.8 million (23.6%) • Gross profit percentage an increase of over 400 basi
Slide 8: 2023 Initiatives
2023 Initiatives Presentation Name Presenter Date 8
Slide 9: Product Development
Product Development – Mobile device app – New cast iron brand – Utilizes mobile device as boiler – Gas and Oil Products interface – Fill void left by competitor – Simplifies Commissioning and that exited industry Troubleshooting – Cloud based data transfer allows – New mid-efficiency gas furnace rem
Slide 10: New Business
New Business Temporar y turn-key boiler rooms – Steam and Hot water boilers – Installation, star t-up and removal Fleet at end of 2022 – 5 units Fleet at the end of 2023 – 10 units Acquired August 2023 – Commercial/Industrial focus – Boiler Ser vice and Repair – New Equipment Sales and Installation
Slide 11: Strategic Growth Initiatives
Strategic Growth Initiatives Electric Hydronic Heating – Residential – Electric boiler launch in Q4 2023 – Hydronic heat pump launch in Q4 2023 – Combination “Hybrid” boiler/heat pump Q1 2024 – Commercial – Electric boiler available from Br yan Steam – Hydronic heat pump launch in Q4 2024 11
Slide 12: Reinvesting in the Business
Reinvesting in Presentation Name the Business Presenter Date 12
Slide 13: Manufacturing Focus Areas
Manufacturing Focus Areas Factory Floor Supply Chain Production Capacity Quality Growth Best in Class Safety, Foundry Staffing Quality and Improvement Production 13
Slide 14: 2023 Major Capital Projects
2023 Major Capital Projects - Burnham Commercial – CNC Plate Rolls - Lancaster Metal Manufacturing – Replacement Paint Booth - Casting Solutions – Install 2 air compressors (Phase 1) - Casting Solutions – Charging Bridge Crane 14
Slide 15: Burnham Commercial Steel CNC Rolls
Burnham Commercial Steel CNC Rolls 15
Slide 16: Lancaster Metal Paint System
16 ancaster Metal Paint System
Slide 17: Casting Solutions Air Compressors
Casting Solutions Air Compressors 17
Slide 18: Casting Solutions Bridge Crane
Casting Solutions Bridge Crane 18
Slide 19: Q1 2024 Results
Q1 2024 Presentation Name Results Presenter Date 19
Slide 20: Q1 2024 Financial Highlights
Q1 2024 Financial Highlights • Net sales of $56.0 million – decrease of 5.9% compared to Q1 2023 • Gross profit margin of $14.0 million (24.9%) • Gross profit percentage an increase of over 100 basis points compared to Q1 2023 • Net income of $3.0 million, flat to Q1 2023 • Diluted earnings per shar
Slide 21: 2024 Shareholders Meeting Q&A
2024 Shareholders Meeting Q&A 21
Slide 22: Chairman's Comments
Chairman’s Presentation Name PresenterComments Date 22
Slide 23: Results of the Election
Results of the Presentation Name Election Presenter Date 23
Slide 24: This meeting is now adjourned, thank you for attending
This meeting is now adjourned, Presentation Name thank you for attending. Presenter Date 24