Slide 1: Fourth Quarter & Full Year 2019 Earnings
Fourth Quarter & Full Year 2019 Earnings January 30, 2020 IDEX Proprietary & Confidential
Slide 2: Agenda
AGENDA • IDEX’s Overview and Outlook • Q4 & 2019 Financial Performance • Segment Performance • Fluid & Metering Technologies • Health & Science Technologies • Fire & Safety / Diversified Products • 2020 Guidance • Bridge • Summary • Q&A Brand names shown in this presentation are registered trademark
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13694803 • Log on to: www.idexcorp.com Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its subsidiaries IDEX Proprietary & Confidential 2
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures
Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other thin
Slide 5: IDEX 2019 Financial Performance: Strong Execution in a Challenging Market
IDEX 2019 Financial Performance (Dollars in millions, excl. EPS) Sales Adjusted EPS* Organic: 1% increase 7% increase $5.80 $2,484 $2,495 $5.41 $6.00 $2,500 $5.00 $2,000 Organic: 2% decrease 2% increase $4.00 $1,500 $614 $606 $1.31 $1.33 $3.00 $1,000 $2.00 $500 $1.00 $0 $0.00 Q4 Year Q4 Year 2018 20
Slide 6: Fluid & Metering Technologies
Fluid & Metering Technologies (Dollars in millions) Orders Sales Adjusted Operating Margin* Organic: 2% increase Organic: 2% increase $947 $952 $957 90 bps increase $947 $1,000 110 bps decrease 30.1% $1,000 31.0% $800 29.1% 29.2% $800 30.0% Organic: 4% decrease Organic: 3% decrease $600 $600 28.0% 2
Slide 7: Health & Science Technologies
Health & Science Technologies (Dollars in millions) Orders Sales Adjusted Operating Margin* Organic: 1% decrease Organic: 1% increase 20 bps increase $920 $922 $896 $914 60 bps decrease 23.8% $1,000 $1,000 24.0% 23.4% 23.6% $800 $800 23.5% Organic: 3% increase Organic: 3% decrease 22.8% $600 $600 $2
Slide 8: Fire & Safety / Diversified Products
Fire & Safety / Diversified Products (Dollars in millions) Orders Sales Adjusted Operating Margin* 20 bps decrease Organic: Flat Organic: Flat 26.8% $637 $627 30 bps decrease $631 $620 $700 26.8% 26.6% $700 26.5% $600 26.6% $600 $500 $500 Organic: 1% increase 26.4% 26.2% Organic: 2% increase $400 $4
Slide 9: 2020 Guidance Bridge
2020 Guidance Bridge Sales ($M) EPS FY 2019 Actuals - Reported $2,495 $5.56 2019 Restructuring - 0.21 Acquisition Inventory Step Up - 0.03 FY 2019 Actuals - Adjusted $2,495 $5.80 Organic Growth: (2%) - 0% ~(50) - 0 ~(0.30) - 0.09 Inflation/Productivity, net 0.02 Growth Investments (0.04) Cost Out 0.
Slide 10: 2020 Guidance Summary
2020 Guidance Summary Q1 2020 – EPS estimate range: $1.30 – $1.34 – Organic revenue growth: (4%) – (5%) – Operating margin: ~23.0% – Tax rate: ~20.0% – FX impact: Not significant based on December 31, 2019 FX rates – Corporate costs: ~$20 million FY 2020 – EPS estimate range: $5.55 – $5.85 – Organic