Carriage Services, Inc. · NYSE:CSV
Carriage Services — Investor Presentation (January 2005)
5 slides from Carriage Services's investor presentation, Jan 13, 2005
Slide 1: Industry Landscape
Industry Landscape a =) 24,121 26.1% 31% Industry margins are largely driven by product mix and operat Source: Company flings and public documents (1) EBITDA equal onatinceme from continuing operations plus income taxes, interest expense, non recutin items and depreciation and amortization @) Proper
Slide 2: Carriage Services Today
Carriage Services Today | Operations in 28 states — Focus on attractive suburban and rural markets = 135 Funeral Hones — 30 Cemeteries m Market leader in the majority of locations m= 24 most profitable funeral and cemetery operations among public companies — Product rnix. — Preneed mix — Efficiency
Slide 3: Strong and Consistent Financial Performance
Strong and Consistent Financial Performance Same-Store Revenue and EBITDA Same-Store Margins $160) gusta 200% ) 30.39% s03 gine HELE 8% $100 #120 $100 po 0 +0 0 » o 2001 ane zoos 20s Mi Revenue MM EBITDA EBITDA Margin Ml EBIT Margin arriage has historically generated the 2nd highest EBITDA margins i
Slide 4: Funeral Home Operations
Funeral Home Operations #800) ssa a5 foi Funeral home operations are some of the em OM most profitable among public companies soo | #142 reas ont P — Higher percentage of at-need business 250 eon 20% — Lower cremation rate — Flat organization ton _ fin cm Future upside from new operating model am an
Slide 5: Searchable text section of graphics shown above
Searchable text section of graphics shown above [ LOG O] Industry Landscape North American Volume of Funeral EBITDA(1) Margin Cremation Rate Properties Contracts 2003 LTM 9/30/04 9 Months 2004 [LOGO] [CHART] (2) 24,121 26.1 % % Industry margins are largely driven by product mix and operating efficie
Carriage Services — Investor Presentation (January 2005) on 6ix