Ametek, Inc. · NYSE:AME
Ametek — Investor Presentation (February 2023)
19 slides from Ametek's investor presentation, February 2023
Slide 1: Fourth Quarter 2022 Investor Presentation
FOURTH QUARTER 2022 INVESTOR PRESENTATION
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Statements in this presentation that are not historical in nature are considered “forward-looking statements” and are subject to change based on various risk factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are con
Slide 3: AMETEK Overview
AMETEK OVERVIEW Global manufacturer of high-tech industrial solutions Annual sales of approximately $6.0 billion with over 50% of sales outside U.S. Diverse set of niche markets and applications served Distributed operating structure with ~19,000 colleagues worldwide Experienced management team with
Slide 4: AMETEK Shared Purpose
AMETEK SHARED PURPOSE To make a safer, sustainable and more productive world a reality 4
Slide 5: AMETEK Mission Statement
AMETEK MISSION STATEMENT WESTCHESTER PLASTICS Using differentiated technology solutions to solve our customers’ most complex challenges
Slide 6: AMETEK Core Values, Growth Vision & Strategy
AMETEK CORE VALUES, GROWTH VISION & STRATEGY Through the implementation Deliver double digit of the AMETEK Growth Ethics and Integrity, earnings per share Model, profitably grow and Respect for the Individual, growth over the business globally expand our Diversity and Inclusion, cycle resulting in a
Slide 7: Sustainability at AMETEK
SUSTAINABILITY AT AMETEK Read our 2021 Sustainability Report highlighting AMETEK’s commitment to environmental stewardship, social responsibility, diversity and inclusion, and sound corporate governance. We believe in building a sustainable future for our customers, employees, shareholders, supplier
Slide 8: Business Segments
BUSINESS SEGMENTS Electronic Instruments Group (EIG) Electromechanical Group (EMG) A worldwide leader in the design and manufacture of advanced A differentiated supplier of automation and precision motion control analytical, test and measurement instrumentation, and mission- solutions, as well as hi
Slide 9: Niche & Diverse Market Focus
NICHE & DIVERSE MARKET FOCUS Broad end-market exposure reduces dependence on any single market, technology or customer Target niche markets and applications where we can provide differentiation through our technology Target leadership positions within each niche market and application Growth is focu
Slide 10: Aligned with Secular Growth Trends
ALIGNED WITH SECULAR GROWTH TRENDS Developing Solutions for Supporting Next Generation Ensuring Reliable AUTOMATION & AEROSPACE & ENERGY PRODUCTION MANUFACTURING DEFENSE PLATFORMS & SUPPLY Providing Mission-Critical Advanced Cutting-Edge Extending Limits in Solutions to the MEDICAL & HEALTH RESEARCH
Slide 11: AMETEK Growth Model
AMETEK GROWTH MODEL The AMETEK Growth Model has been proven successful and is a result of the well-ingrained, performance-based culture embodied at AMETEK. 11
Slide 12: Successful Growth Model
SUCCESSFUL GROWTH MODEL AMETEK’s Growth Model has allowed TOTAL RETURN TO SHAREHOLDERS (20 Year) the company to: as October 31, 2022 Transition into higher quality niche 3400% businesses and markets aligned with strong secular growth trends 2900% AMETEK 2723% Drive strong and consistent sales 2400%
Slide 13: Operational Excellence
OPERATIONAL EXCELLENCE CAPEX Our cornerstone strategy, ingrained in our culture 2.0% OF SALES Focus on operational efficiency, cost and asset OPERATING MARGIN management, and supply chain management 23.6% Utilize traditional tools including LEAN, Six RETURN ON Sigma, Global Sourcing TANGIBLE CAPITAL
Slide 14: Global & Market Expansion
GLOBAL & MARKET EXPANSION Approximately 50% of AMETEK sales 9,500 Employees $3.0 Billion in Sales come from outside the U.S. 6,000 Employees Continued sales and service investment in $1.3 Billion in Sales key growth regions 3,500 Employees $1.6 Billion in Sales AMETEK Europe and Asia teams facilitat
Slide 15: New Product Development
NEW PRODUCT DEVELOPMENT Success in our niche markets depends on innovative, differentiated new products Supports expansion into new, adjacent markets and applications Vitality Index: ~27% of sales AMETEK Zygo Nexview 650 Research, development and engineering Inspection & Metrology System investment
Slide 16: Cash Generation & Capital Deployment
CASH GENERATION & CAPITAL DEPLOYMENT AMETEK’s asset-light business model drives strong and SHARE REPURCHASES consistent cash flow generation 16% • Disciplined focus on working capital & asset management Robust balance sheet and strong liquidity position • $2.0 billion in liquidity No significant deb
Slide 17: Strategic Acquisitions
STRATEGIC ACQUISITIONS Disciplined process flawlessly executed over Capital Deployed on Strategic Acquisitions (in millions) many years $2,500 Process includes deal sourcing, due diligence and $2,000 integration $1,500 Talent developed over many years of working together Development of attractive gr
Slide 18: Acquisition Highlights
ACQUISITION HIGHLIGHTS Since 2011: 46 acquisitions and $8.2B capital deployed Acquired: Acquired: Acquired: Acquired: Acquired: October 2022 September 2022 November 2021 April 2021 April 2021 Capital Deployed: Capital Deployed: Capital Deployed: Capital Deployed: Capital Deployed: Not disclosed Not
Slide 19: We Are Well Positioned for Future Growth
WE ARE WELL POSITIONED FOR FUTURE GROWTH Our culture is strong and our foundation is solid Our Growth Model is proven and scalable We have an excellent set of niche, differentiated businesses Our historical success provides the framework / blueprint for future growth We generate tremendous cash flow