Slide 1: Fourth Quarter & Full Year 2016 Earnings
Fourth Quarter & Full Year 2016 Earnings January 31, 2017 IDEX Proprietary & Confidential
Slide 2: Agenda
AGENDA • IDEX’s Outlook • Q4 & FY 2016 Financial Performance • Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products • 2017 Guidance • Bridge • Summary • Q&A Brand names shown in this presentation are registered trademarks of IDEX Corporation and/or its sub
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13652250 • 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 2016 Financial Performance
IDEX 2016 Financial Performance (Dollars in millions, excl. EPS) Sales Adjusted EPS* Organic: 1% decrease 6% increase $2,113 $3.75 $2,021 $3.55 $2,500 $4.00 $2,000 Organic: Flat $3.00 $1,500 2% increase $1,000 $500 $530 $2.00 $0.94 $0.96 $500 $1.00 $0 $0.00 Q4 Year Q4 Year 2015 2016 2015 2016 Adjust
Slide 6: Fluid & Metering: Excellent Execution and Productivity
Fluid & Metering (Dollars in millions) Orders Sales Adjusted Operating Margin* Organic: 3% decrease Organic: 1% decrease 190 bps increase 100 bps increase $868 $845 $861 $849 27.2% $1,000 $1,000 28.0% 25.6% 25.3% $800 $800 26.0% 24.6% Organic: 2% decrease Organic: flat $600 $600 24.0% $400 $217 $205
Slide 7: Health & Science: Organic order growth of 7 percent in Q4
Health & Science (Dollars in millions) Orders Sales Adjusted Operating Margin* 330 bps decrease 100 bps decrease Organic: 2% increase Organic: 1% decrease $1,000 $761 $1,000 $745 24.0% 22.3% $734 $739 21.8% 20.8% $800 $800 22.0% Organic: 1% decrease $600 Organic: 7% increase $600 20.0% 19.0% $400 $1
Slide 8: Fire & Safety / Diversified Products: Organic order growth of 9 percent in Q4
Fire & Safety / Diversified Products (Dollars in millions) Orders Sales Adjusted Operating Margin* Organic: 2% increase Organic: 3% decrease 360 bps decrease $527 $520 27.4% $600 $600 28.0% 150 bps decrease $412 $424 25.3% $400 $400 26.0% Organic: 9% increase Organic: 3% increase 23.8% 23.8% $141 $1
Slide 9: 2017 Guidance Bridge
2017 Guidance Bridge 2017 Growth Expectations • 1% – 2% organic revenue growth • Future acquisitions not contemplated below Sales ($M) EPS FY 2016 - GAAP $ 2,113 $ 3.53 2016 Adjustments - 0.22 FY 2016 - Adjusted $ 2,113 $ 3.75 Organic Growth ~ 20 - 40 ~ .15 - .23 FX (Translation & Transaction) (43)
Slide 10: 2017 Guidance Summary
2017 Guidance Summary Q1 2017 • EPS estimate range: $0.91 - $0.93 • Organic revenue growth: 1% - 2% • Operating margin: 20.5% - 21.0% • Tax rate: ~ 27% • FX impact: ~2% topline headwind based on December 31, 2016 FX rates • Corporate costs: ~ $17M FY 2017 • EPS estimate range: $3.87 - $3.95 • Organi