Slide 1: First Quarter Earnings
First Quarter Earnings APRIL 21, 2015
Slide 2: Agenda
AGENDA • IDEX’s Outlook • Q1 2015 Financial Performance • Q1 2015 Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products • Guidance Update • Q&A 1
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13598710 • Log on to: www.idexcorp.com 2
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act
Cautionary Statement Under the Private Securities Litigation Reform Act This presentation and discussion will include forward-looking statements. Our actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause those
Slide 5: IDEX Q1 Financial Performance
IDEX Q1 Financial Performance Sales EPS Organic: 4% decrease 8% decrease $0.91 $0.84 $544 $502 $1.00 $600 $400 $0.50 $200 $0 $0.00 Q1 Q1 2014 2015 201 4 201 5 Operating Margin Free Cash Flow 60 bps decrease 36% decrease 20.9% 20.3% 21.0% $100 $66 $43 19.0% $50 17.0% $0 15.0% Q1 Q1 201 4 201 5 2014 2
Slide 6: Fluid & Metering
Fluid & Metering Orders Sales Operating Margin Organic: 1% increase Organic: 1% increase 30 bps increase 25.3% 25.6% $225 $222 $223 $218 $300 $300 26.0% $200 $200 24.0% $100 $100 22.0% $0 $0 20.0% Q1 Q1 Q1 2014 2015 2014 2015 2014 2015 Q1 Sales Mix: Organic 1% Q1 Summary: Chemical remains strong i
Slide 7: Health & Science
Health & Science Orders Sales Operating Margin Organic: 2% increase Organic: Flat 150 bps increase $195 $194 $186 $179 20.9% $200 $200 21.0% $150 $150 19.4% 20.0% $100 $100 $50 19.0% $50 $0 $0 18.0% Q1 Q1 Q1 2014 2015 2014 2015 2014 2015 Q1 Sales Mix: Organic 0% Q1 Summary: Scientific Fluidics saw
Slide 8: Fire & Safety / Diversified
Fire & Safety / Diversified Orders Sales Operating Margin Organic: 2% increase Organic: 16% decrease 340 bps decrease $137 $116 28.9% $110 $150 $107 $150 30.0% 28.0% 25.5% $100 $100 26.0% $50 $50 24.0% $0 $0 22.0% Q1 Q1 Q1 2014 2015 2014 2015 2014 2015 Q1 Sales Mix: Organic -16% Q1 Summary: Dispen
Slide 9: Full Year 2015 EPS Guidance Bridge
Full Year 2015 EPS Guidance Bridge EPS Prior FY 2015 Guidance $3.65 -- $3.75 FX (0.06) Agriculture Market (0.04) Large Capital Spending: (0.05) MPT Platform Oil & Gas Projects Revised FY 2015 Guidance $3.50 -- $3.60 2015 guidance lowered by 15 cents, a result of specific market conditions 8
Slide 10: Outlook: 2015 Guidance Summary
Outlook: 2015 Guidance Summary Q2 2015 EPS estimate range: $0.88 – $0.90 Operating margin: ~ 21% Tax rate: ~ 29.5% Fx impact: ~6% topline headwind, or 6 cents of EPS based on current Fx rates FY 2015 EPS estimate range: $3.50 – $3.60 Organic revenue growth: ~ Flat – 1% Operating margin: ~ 21% Fx imp