16 slides from Lgl Group, Inc. (the)'s earnings presentation, May 12, 2011
Slide 1: The LGL Group, Inc.
The LGL Group, Inc. (AMEX: LGL)
Slide 2: Safe Harbor Statement
Q1 2011 Earnings Announcement May 12, 2011 8:30 am EST Safe Harbor Statement This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to unce
Slide 3: Agenda
Q1 2011 Earnings Announcement May 12, 2011 8:30 am EST Agenda + Introduction + Business Highlights » Financial Highlights and Capital Structure + Status Update on Impact of Japan Disaster + Strategic Growth Initiatives + Question and Answer
Slide 4: Business Highlights
Business Highlights
Slide 5: Q1 2011 Business Highlights: Sales/Revenues
Q1 2011 Business Highlights Sales/Revenues Q1 demonstrated a positive book to bill with new orders showing strength late in the quarter New orders strongest in the Telecom pea teal New orders in MISA market lag 2010 performance Ending Q1 2011 backlog of $12.2M, a 14.0% increase compared to Q4 2010 e
Slide 6: Q1 2011 Business Highlights: Margins/Costs/Income/EPS
yess , “oni; med Q1 2011 Business Highlights ‘elalofur) Margins/Costs/Income/EPS a oer aI er efficiencies resulted in gross margin of 32.6%, which was comparable to Qi 2010 gross margin of 34.1% - Net income of $241,000; EPS of $0.10 - EBITDA of $593,000 + Generated $1.1M in cash from operations
Slide 7: Q1 2011 Business Highlights: Q2 & 2H Outlook
C~ _ merd Q1 2011 Business Highlights (lRlo[ulP) Q2 & 2H Outlook - Major OEMs reporting improved market conditions + Major Electronic Manufacturing Service providers expecting quarterly revenue growth for remainder of 2011 - Q4 2010 inventory correction appears to be behind us - Repeat orders from e
Slide 8: Financial Highlights and Capital Structure
Financial Highlights and Capital Structure
Slide 9: Quarterly Income Statement Trends
Financial Outlook Quarterly Income Statement Trends $125 $124 $10.2 $10.2 8.2% 8.2% Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 G3 2009 24 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 wmRevenue —BeGross Margin ameEBITDA Margin Q1 2011 extends the trend to six consecutive quarters of positive earnings =
Slide 10: Order Backlog
Financial Outlook Order Backlog ($000’s at quarter end) 16,000 14,000 . 3 2 12,000 B x 3 3 = = 2 8 10,000 = & & = = g = g = 8,000) pm A & s oe oO a a 6,000 } fx au SF 8 8 4,000 2,000 t) Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 + Backlog increase primarily due t
Slide 11: Capital Structure
Capital Structure Capital Position as of March 31, 2011 Total assets: $ 30.3 million Net working capital: $ 19.2 million Cash and cash equivalents: $ 11.1 million Total debt (including current portion): $ 0.6 million Shareholders’ equity: $ 25.4 million Available line of credit: $ 4.0 million + The
Slide 12: Status Update on Impact of Japan Disaster
Status Update on Impact of Japan Disaster
Slide 13: Japan disaster: supply chain risk exposure
+ Risk exposure was primarily in our supply chain for raw materials + To date, no direct impacts to supply chain + In select cases, some supply chain factories were impacted by longer lead times primarily due to utility interruptions + As of today, supply chain appears to have stabilized * Company's
Slide 14: Strategic Growth Initiatives
Strategic Growth Initiatives
Slide 15: Laying the foundation for profitable growth
Laying the foundation for profitable growth Management continues to pursue the Company’s framework for growth: 1. Organic investment into core business to leverage existing customer positions, add capacity and develop higher value product 2. Joint ventures to expand access to intellectual property,
Slide 16: Question and Answer
Question and Answer Visit us: www.lgigroup.com www.mtronpti.com Contact us: Greg Anderson, President and CEO (E-mail: ganderson@lgigroup.com) LaDuane Clifton, Chief Accounting Officer (E-mail: Iclifton@Igigroup.com) Voice: (407) 298-2000 -16-