Badger Meter, Inc. · NYSE:BMI
Badger Meter — Q3 2020 Earnings Presentation
8 slides from Badger Meter's earnings presentation, Oct 16, 2020
Slide 1: Third Quarter 2020 Earnings
BADGER METER THIRD QUARTER 2020 EARNINGS October 16, 2020 © 2020 Badger Meter, Inc. 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation, as well as other information provided from time to time by Badger Meter, Inc. (the “company”) or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to
Slide 3: Highlights
HIGHLIGHTS Q3 YTD • Continue to manage evolving COVID-19 implications to customers, employees and other constituencies • Third quarter sales of $113.6 million, up 5% year-over-year • Municipal water sales increased 11% with recovering orders and backlog conversion; growth in BEACON Software as a Ser
Slide 4: Third Quarter Financial Snapshot
THIRD QUARTER FINANCIAL SNAPSHOT (US$ in millions, except per share data) • Municipal water sales increased 11% with recovery of order demand from Q2 trough and conversion of backlog built due to COVID-19 manufacturing disruptions. Favorable sales mix with higher technology products and services • F
Slide 5: Current Environment
CURRENT ENVIRONMENT Year-to-Date 2020 • Extremely pleased with execution and adaptability of organization to Municipal serve customers and deliver solid results in this unprecedented 3% Water Sales Growth environment • Overall activity in end markets returning to more normal/consistent patterns EBIT
Slide 6: Outlook
OUTLOOK • Criticality of water industry evident; municipalities returning to “operating as usual”, orders more consistent, solid backlog and bid pipeline • Large and diverse customer base; small fraction could face budget constraints, consolidation or project deferrals • Macro drivers of Advanced Me
Slide 7: Q&A
Q&A Note: For your planning purposes, our Q4 2020 earnings release/call is tentatively scheduled for January 29, 2021 © 2020 Badger Meter, Inc. 7
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) © 2020 Badger Meter, Inc. 8