Slide 1: 2009 Outlook Call
2009 Outlook Call January 9, 2009
Slide 2: Forward-Looking Statements
Forward-Looking Statements The following information contains forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's p
Slide 3: 2008 Highlights
2008 Highlights (All 2008 financial numbers are estimates) Net sales of approximately $605 million, an increase of 19% (organic growth of 14%) Fourth quarter net sales of approximately $159 million, an increase of 11% (organic growth of 18%) Orders of approximately $670 million, an increase of 15% (
Slide 4: 2009 Outlook Summary
2009 Outlook Summary Revenue Range 2009 Organic growth (1) 1% to 3% 2009 Total $570 million to $585 million EPS Range 2009 Net income per share $0.80 to $0.87 2009 Adjusted net income per share (2) $1.10 to $1.17 Assumptions Asbestos coverage litigation $12 million Asbestos liability and defense (in
Slide 5: Strong Financial Condition
Strong Financial Condition Debt to adjusted EBITDA < 1 times as of the end of the third quarter (covenant – 3.25 to 1.00) Fixed charge coverage > 6 times as of the end of the third quarter (covenant – 1.5 to 1.0) Approximately $133 million available on revolver at year end (expires in 2013) Approxim
Slide 6: Commercial Marine Market Perspective
Commercial Marine Market Perspective Market Trends Colfax Estimated International trade and demand for bulk commodities and oil continuing to 08 Sales Split drive new ship construction Aging fleet, environmental regulations requiring ship owners to upgrade or replace ships Local presence required to
Slide 7: Oil & Gas Market Perspective
Oil & Gas Market Perspective Market Trends Colfax Estimated Capacity constraints and global demand spurring heavy oil exploration, 08 Sales Split transport and processing Customers focusing more on “total cost of ownership” to reduce downtime 15% O&G and increase efficiency Application expertise cri
Slide 8: Power Generation Market Perspective
Power Generation Market Perspective Market Trends Colfax Estimated Economic growth in Asia and Middle East driving investment in energy 08 Sales Split infrastructure projects 13% Aging power infrastructure in mature markets creating upgrade projects to Power Gen. increase efficiency and lower operat
Slide 9: Global Navy Market Perspective
Global Navy Market Perspective Market Trends Colfax Estimated New ships replacing older decommissioned vessels in the U.S. 08 Sales Split Sovereign navies around the world expanding fleets to address heightened 6% Navy national security level concerns Increased demand for integrated fluid handling s
Slide 10: General Industrial Perspective
General Industrial Perspective Market Trends Colfax Estimated Global economic development driving increased capital investment 08 Sales Split Developing regions embracing engineered products and solutions that reduce costs and increase efficiency Global footprint and channel optimization required to
Slide 11: 2009 Priorities
2009 Priorities Continue to invest in our growth initiatives, breakthrough opportunities are critical to our future growth Pursue acquisitions that will support organic growth initiatives, strengthen relationships with channel partners and customers, and solidify our competitive position in targeted
Slide 12: Well Positioned for the Future
Well Positioned for the Future Proven Application Serving Growing Global Leader in Specialty Expertise in Solving Infrastructure Driven End Fluid Handling Products Critical Customer Needs Markets Experienced Management Leading Brand Names Team in Place to Grow Generating Aftermarket Strong Financial
Slide 13: Appendix
Colfax Appendix 2009 Outlook Calf 12
Slide 14: Disclaimer
Disclaimer Colfax has provided financial information that has not been prepared in accordance with GAAP. These non-GAAP financial measures are adjusted net income per share, organic sales growth and organic order growth. Adjusted net income per share excludes asbestos liability and defense costs (in
Slide 15: EPS Range reconciliation
(amounts in dollars) (preliminary unaudited) EPS Range Projected net income per share - fully diluted $ 0.80 $ 0.87 Asbestos coverage litigation 0.28 0.28 Asbestos liability and defense costs 0.16 0.16 Income tax benefit at 32% (0.14) (0.14) Projected adjusted net income per share - fully diluted $
Slide 16: Sales and orders growth reconciliation
(amounts in millions) (preliminary unaudited) Sales Orders $ % $ % Three Months Ended December 31, 2007 $ 144 $ 156 Components of Growth: Organic Growth from Existing Businesses 25 18% (25) -16% Acquisitions 1 1% 3 2% Foreign Currency Translation (11) -8% (8) -5% Total Growth 15 11% (29) -19% Three