Slide 1: Investor Relations Update
Regal Beloit Corporation Investor Relations Update March 26, 2018 Mark Gliebe Rob Rehard Chairman Vice President Chief Executive Officer Chief Financial Officer (Effective 4/1/18) Jon Schlemmer Robert Cherry Chief Operating Officer Vice President Business Development & Investor Relations ©2018 Regal
Slide 2: Safe Harbor Statement
Safe Harbor Statement The following is a cautionary statement made under the Private Securities Litigation Reform Act of 1995: With the exception of historical facts, the statements contained in this presentation may be forward-looking statements. Forward-looking statements represent our management’
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures We prepare financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). We also periodically disclose certain financial measures in our quarterly earnings releases, on investor conference calls, and in investor presentati
Slide 4: Investor Relations Update
Investor Relations Update Nicotra Gebhardt Acquisition Commodity Inflation and Tariff Impacts Capital Allocation Update We Create a Better Tomorrow by Efficiently Converting Power into Motion ©2018 Regal Beloit Corporation 4
Slide 5: Nicotra Gebhardt Acquisition – Overview
Nicotra Gebhardt Acquisition – Overview Agreement to Acquire Nicotra Gebhardt S.p.A. for ~ €125 Million (~ $154 Million) Signed on February 27, 2018 2017 Sales Expected to Close in April 2018, Subject to Customary Closing Conditions €121 million Expected to Be Accretive to Earnings in 2018, Ex
Slide 6: Nicotra Gebhardt Acquisition – Strategic Rationale
Nicotra Gebhardt Acquisition – Strategic Rationale > Enhances Regal’s Portfolio of High-efficiency Products Energy > Supports Customer Demand Trends for More Integrated Solutions Efficiency > Enabling Our Customers to Meet and Exceed Energy Regulations > Aligns with Regal Investments in ECM & Air Mo
Slide 7: Solutions for High-efficiency Ventilation Systems
Solutions for High-efficiency Ventilation Systems Roof Fan Air Handling Unit Ventilation Unit Packaged Air Conditioning Unit ©2018 Regal Beloit Corporation 7
Slide 8: Nicotra Gebhardt Acquisition – Product Offering
Nicotra Gebhardt Acquisition – Product Offering Comfort Air FFUs Industrial Process (Centrifugal) (Fan Filter Units) Commercial Building Ventilation Air Quality for Clean Room Air / Gas Movement for and Test Laboratories Industrial Processes Scroll Fan Filter Units Direct Driven Industrial Fans Plug
Slide 9: Commodity Inflation & Tariff Impacts on Motors
Commodity Inflation & Tariff Impacts on Motors Commodity Inflation Approximately 75% of Our COGS is Materials Copper, Steel, and Aluminum are Approximately Half of that 75% Approximately 30% of Total Sales Have Two-way Material Price Formulas, which Index and Pass through the Cost of Copper, S
Slide 10: Capital Allocation Update
Capital Allocation Update Share Repurchases Regal’s Stated Objective – Opportunistically Repurchase Shares while Maintaining Financial Flexibility In 2017, Regal Repurchased 576,804 Shares for a Total of $45.1 Million In 2018 Through March 23rd, Regal Repurchased 351,000 Shares for a Total of
Slide 11: Thank You
Thank You Mark Gliebe Rob Rehard Chairman Vice President Chief Executive Officer Chief Financial Officer (Effective 4/1/18) Jon Schlemmer Robert Cherry Chief Operating Officer Vice President Business Development & Investor Relations ©2018 Regal Beloit Corporation
Slide 12: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations TOTAL DEBT/ADJUSTED EBITDA (Dollars in Millions) LTM Dec 30, 2017 Net Income Attributable to Regal Beloit Corporation $ 213.0 Plus: Minority Interest 5.1 Plus: Taxes 59.1 Plus: Interest Expense 56.1 Less: Interest Income (3.2) Plus: Depreciation and Amortization 137