Slide 1: Second Quarter Earnings
Second Quarter Earnings July 19, 2016 IDEX Proprietary & Confidential
Slide 2: Agenda
AGENDA • IDEX’s Outlook • Q2 2016 Financial Performance • Q2 2016 Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products • 2016 Guidance Detail • Q&A Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13620006 • Log on to: www.idexcorp.com Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries IDEX Proprietary & Confidential 2
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures
Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other thin
Slide 5: IDEX Q2 Financial Performance
IDEX Q2 Financial Performance Sales EPS Organic: 1% decrease 11% increase $0.99 $515 $550 $0.89 $600 $1.00 $400 $0.50 $200 $0 $0.00 Q2 Q2 2015 2016 2015 2016 Operating Margin Free Cash Flow 70 bps decrease 7% decrease $86 $80 21.3% 20.6% $100 22.0% 20.0% $50 18.0% 16.0% $0 Q2 Q2 2015 2016 2015 2016
Slide 6: 2016 Q2 Results Bridge
2016 Q2 Results Bridge EPS Midpoint of Q2’16 Guidance $0.92 Q2’16 Operational Over Performance .02 Q2’16 Akron Brass Inventory Set-up Adjustment (vs guidance) .02 Contingent Consideration Adjustment .01 Q2’16 Lower Tax Rate (vs guidance) .01 Favorable FX (recorded as other income) .01 Reported Q2’16
Slide 7: Fluid & Metering
Fluid & Metering Orders Sales Operating Margin Organic: 1% decrease Organic: 1% increase Organic: 20 bps increase $219 $220 26.0% 24.1% 24.3% $300 $215 $222 $300 $200 24.0% $200 22.0% $100 $100 $0 20.0% $0 Q2 Q2 Q2 2015 2016 2015 2016 2015 2016 Q2 Sales Mix: Organic 1% Q2 Summary: FMT organic sale
Slide 8: Health & Science
Health & Science Orders Sales Operating Margin Organic: Flat Organic: 2% decrease 30 bps decrease $180 $182 $188 $187 22.3% 22.0% $200 23.0% $200 $150 22.0% $150 $100 $100 21.0% $50 $50 20.0% $0 $0 19.0% Q2 Q2 Q2 2015 2016 2015 2016 2015 2016 Q2 Sales Mix: Organic -2% Q2 Summary: Scientific Fluidi
Slide 9: Fire & Safety / Diversified
Fire & Safety / Diversified Orders Sales Operating Margin Organic: 9% decrease Organic: 1% decrease 400 bps decrease $127 $142 28.1% $150 $106 $112 $150 30.0% 24.1% $100 25.0% $100 $50 20.0% $50 $0 15.0% $0 Q2 Q2 Q2 2015 2016 2015 2016 2015 2016 Q2 Sales Mix: Organic -1% Q2 Summary: Excluding the
Slide 10: Outlook: 2016 Guidance Summary
Outlook: 2016 Guidance Summary Q3 2016 – EPS estimate range: $0.90 – $0.92 – Organic revenue growth: Flat – Operating margin: ~ 20.5% – Tax rate: ~ 27% – Fx impact: ~1.0% topline headwind, based on June 30, 2016 Fx rates FY 2016 – EPS estimate range: $3.70 – $3.75 – Organic revenue growth: Flat – Op