Slide 1: Q3 2024 | Earnings Results
Q3 2024 | Earnings Results October 31, 2024
Slide 2: Safe Harbor and Forward-Looking Statements
Safe Harbor and Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation’s (the “Company’s”) business and acquisition opportunities, an
Slide 3: Q3 2024 | Financial & Operational Highlights
Q3 2024 | Financial & Operational Highlights • Capitalizing on strong end market demand in C-Store & Fueling ✓Solid traction on new product introductions supporting growth ✓Signs of stabilization in Repair Solutions & Car Wash markets • Book-to-Bill 1.04X; third consecutive quarter above 1.0X Core S
Slide 4: End Market Update | Leading Positions in Attractive, Niche Markets
End Market Update | Leading Positions in Attractive, Niche Markets Convenience Retail & Fueling Auto Repair Fleets • Strong capex investment to expand • Fundamentals of repair remain strong • Advancing our market-leading portfolio and modernize footprints • U.S service tech impacted by ongoing of mu
Slide 5: NACS 2024 | Executing on Our Connected Mobility Strategy
NACS 2024 | Executing on Our Connected Mobility Strategy Unified Payment Remote Connectivity Productivity Road to Net Zero Consistent consumer Single-pane-of-glass remote Flexible retail powered by iNFX Preparing for a multi-fuel future, experience, aligned media, management future offering enhanced
Slide 6: Q3 2024 | Summary Financial Results
Q3 2024 | Summary Financial Results Sales Adj. Operating Profit Margin Adj. Diluted Net EPS Adj. Free Cash Flow ($M) (%) ($) ($M) $765 $750 $128 22.1% 21.3% $0.73 $0.73 $109 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 • Total growth: (2.0%) • Adj. OP Margin (80bps) • GAAP Diluted
Slide 7: Segment Results | Environmental & Fueling Solutions
Segment Results | Environmental & Fueling Solutions Sales Segment Operating Profit Q3 Highlights: ($M) ($M) • Sales increased across all major product lines Total +5.5% ‒ Aftermarket Parts +> 20% 29.4% Core +8.5% ‒ Global Dispenser +HSD +50 bps ‒ Environmental +LSD • Innovation driving recovery in r
Slide 8: Segment Results | Mobility Technologies
Segment Results | Mobility Technologies Sales Segment Operating Profit Q3 Highlights: ($M) ($M) • Strong demand for C-Store payment and enterprise productivity solutions Total +3.9% 18.1% ‒ Double-digit growth at Invenco by GVR Core +4.2% (270 bps) ‒ Increased traction on new product introductions •
Slide 9: Segment Results | Repair Solutions
Segment Results | Repair Solutions Sales Segment Operating Profit Q3 Highlights: ($M) ($M) • Results reflect ongoing U.S. macro impacts on technician spend Total (5.1%) ‒ Tool Storage sales down LDD, improving sequentially 21.4% Core (5.1%) (560 bps) • Signs of stabilization late in the quarter • Se
Slide 10: Q3 2024 | Balance Sheet & Cash Flow
Q3 2024 | Balance Sheet & Cash Flow Q3 Capital Deployment Q3 2023 Q4 2023 Q3 2024 • Repurchased $105M in shares in Q3; ~$189M remaining Free Cash Flow ($M) under existing share repurchase authorization • Adj. FCF conversion 98% Cash from Operating Activities $132 $165 $122 • Strong liquidity (Cash +
Slide 11: Guidance | FY 2024
Guidance | FY 2024 Guide Commentary & Assumptions 2024 Q4 2024 Prior FY 2024 Updated FY 2024 Guide Guide Guide Sales (at the midpoint) • FX: ~$10 – 15M headwind YoY Sales $2,900 - $3,000M $2,955 - $2,985M ~$770M • Net Acquisition & Divestitures: (~$150M1) Core Growth (1%) to +3% +0.7% to +1.7% ~+1.5
Slide 12: Appendix
ENABLING THE WAY THE WORLD MOVES™ > NON TIER APPENDIX
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains references to “core sales growth," “adjusted operating profit,” “adjusted operating profit margin,” "segment operating profit," "segment operating profit margin," “adjusted net earnings,” “adjusted diluted net earnings per share,” “free cash flo
Slide 14: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued) • Adjusted net earnings refers to net earnings calculated in accordance with GAAP, but excluding on a pretax basis amortization of acquisition-related intangible assets, Restructuring- and divestiture-related adjustments, transaction- and deal-related costs, a
Slide 15: Components of Sales Growth
COMPONENTS OF SALES GROWTH % Change Three Months Ended September 27, 2024 vs. Comparable 2023 Period Mobility Technologies Repair Solutions Environmental & Fueling Solutions Total Total Sales Growth (GAAP) 3.9% (5.1)% 5.5% (2.0)% Core sales growth (Non-GAAP) 4.2% (5.1)% 8.5% 2.8% Acquisitions and di
Slide 16: Reconciliation of Operating Profit to Adjusted Operating Profit and Segment Operating Profit
RECONCILIATION OF OPERATING PROFIT TO ADJUSTED OPERATING PROFIT AND SEGMENT OPERATING PROFIT Three Months Ended Nine Months Ended $ in millions September 27, 2024 September 29, 2023 September 27, 2024 September 29, 2023 Sales (GAAP) $ 750.0 $ 765.4 $ 2,202.2 $ 2,306.2 Operating Profit (GAAP) $ 131.5
Slide 17: Reconciliation of Net Earnings to Adjusted Net Earnings
RECONCILIATION OF NET EARNINGS TO ADJUSTED NET EARNINGS 17
Slide 18: Reconciliation of Operating Cash Flow to Free Cash Flow and Conversion Ratio
RECONCILIATION OF OPERATING CASH FLOW TO FREE CASH FLOW AND FREE CASH FLOW CONVERSION RATIO Three Months Ended Nine Months Ended $ in millions September 27, 2024 September 29, 2023 September 27, 2024 September 29, 2023 Operating Cash Flow (GAAP) $ 121.8 $ 131.6 $ 259.4 $ 290.1 Less: Purchases of pro
Slide 19: Reconciliation of Operating Cash Flow to Adjusted Free Cash Flow and Conversion Ratio
RECONCILIATION OF OPERATING CASH FLOW TO ADJUSTED FREE CASH FLOW AND ADJUSTED FREE CASH FLOW CONVERSION RATIO Three Months Ended Nine Months Ended $ in millions September 27, 2024 September 29, 2023 September 27, 2024 September 29, 2023 Operating Cash Flow (GAAP) $ 121.8 $ 131.6 $ 259.4 $ 290.1 Less
Slide 20: Net Leverage Ratio and Reconciliation from Net Earnings to EBITDA to Adjusted EBITDA
NET LEVERAGE RATIO AND RECONCILIATION FROM NET EARNINGS TO EBITDA TO ADJUSTED EBITDA 20