Burnham Holdings, Inc. · OTC:BURCA
Burnham — Investor Presentation (August 2014)
17 slides from Burnham's investor presentation, Aug 21, 2014
Slide 1: Investor Presentation
INVESTOR PRESENTATION August 21, 2014
Slide 2: Cautionary Statements
Cautionary Statements Statements in this presentation that are not historical are “forward-looking statements” and are subject to change. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially from those contemplated by th
Slide 3: Agenda
Agenda • About Burnham Holdings, Inc. • Recent Personnel Changes • Markets and Opportunities • Financial Highlights
Slide 4: About BHI
About BHI “…Leaders in Providing Thermal Solutions to Residential, Commercial, and Industrial Applications…” Commercial Residential
Slide 5: About BHI
About BHI BURNHAM HOLDINGS, INC. HDQ: LANCASTER, PA OTC: BURCA Residential Businesses • U.S. Boiler Co. - PA • Crown Boiler Co. - PA • New Yorker Boiler Co. - PA • Governale Company - NYC • Thermo Products – IN & NC Commercial Businesses • Bryan Steam, LLC - IN • Burnham Commercial - PA • Thermal So
Slide 6: 2013 Financial Highlights
About BHI 2013 Financial Highlights: Net Sales of $190.2mm Continued Strong Gross Profit Margin of 24% EPS of $1.69 (Ex. Pension Charge & RE Gain) 2013 Dividend of $0.80, 11% increase over 2012 2014 YTD Dividend increase of 5% Year End Debt of $6.9mm, lowest in over 15 years
Slide 7: Employee Achievements
Employee Achievements Congratulations Douglas Springer 2014 Financial Executive of the Year Finalist Retiring Effective September 1, 2014
Slide 8: Chief Financial Officer
Chief Financial Officer • Dale R. Bowman will assume role of Vice President and Chief Financial Officer, effective September 1, 2014 • 19 years of Experience with BHI Subsidiaries • Plant Manager – Casting Solutions, Zanesville Ohio • President – Bryan Steam, Peru IN • President – Thermo Products, D
Slide 9: Board Of Directors
Board Of Directors • Christopher Drew • Currently VP Strategy and Business Development • Various Senior Positons with Company Subsidiaries since 1989 • Previously ran both Commercial and Residential Businesses • B.A. Dartmouth College • MBA, New York University • Donald Stern • Long Time Legal Advis
Slide 10: Residential Boiler Market
Residential Boiler Market 500,000 Total US Residential Boiler Units 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 Residential Market Statistics Market Drivers • Installed Boiler Base approx. 10mm Units • Rebates on High Efficiency Equipment • 2013 Annual Volume was 315,000
Slide 11: Growth Opportunities
Growth Opportunities Indications of Positive Macro-Economic Trends… 7000 120 Existing SF Home Sales Consumer Confidence 6000 Forecast (2014 – 2018) 100 Forecast (2014 – 2018) 5000 80 4000 60 3000 40 2000 1000 SOURCE: National Association of Realtors; The PNC Financial 20 SOURCE: Conference Board, Th
Slide 12: Growth Opportunities
Growth Opportunities US Market shift to high efficiency, higher priced condensing units… US Residential Boiler Units US Commercial Boiler Units 2002 - 2013 2002-2013 . Non-Condensing Copper-Finned Tube Condensing Total Cast iron Total Condensing Opportunity to Capture High Value Product Segment Thro
Slide 13: 2014 High Efficiency Residential Product Launches
Growth Opportunities 2014 High Efficiency Residential Product Launches:
Slide 14: 2014 High Efficiency Commercial Product Launches
Growth Opportunities 2014 High Efficiency Commercial Product Launches:
Slide 15: Manufacturing Innovation
Manufacturing Innovation Seeking Continuous Improvement to Safety, Quality and Productivity
Slide 16: Financial Performance
Financial Performance Burnham Holdings, Inc. (In thousands, except per share data) Six Month Results 2009 2010 2011 2012 2013 2013 2014 Net Sales $ 183,678 $ 189,707 $ 198,842 $ 204,762 $ 190,181 $ 77,220 $ 73,762 Gross Profit % 23.4% 22.6% 22.7% 24.1% 23.7% 21.3% 21.8% Operating Income % (excl. unu
Slide 17: Q&A
NGS FORWARD LDI Hh PROVE DE MAN( URNHAM HO 3FOR NE Q&A
Burnham Holdings — Investor Presentation (August 2014) on 6ix