Badger Meter, Inc. · NYSE:BMI
Badger Meter — Q2 2021 Earnings Presentation
8 slides from Badger Meter's earnings presentation, Jul 20, 2021
Slide 1: Badger Meter Second Quarter 2021 Earnings
BADGER METER SECOND QUARTER 2021 EARNINGS July 20, 2021 © 2021 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 EBITDA Margin % * Q2 YTD 20.7% 20.9% 20.6% 20.9% • Sustained robust order pace as customers embrace digital water solution offerings. Exiting quarter with record backlog. • Record second quarter sales of $122.9 million, up 35% year- over-year • Conversion of orders to sales constrained by
Slide 4: Second Quarter Financial Snapshot
SECOND QUARTER FINANCIAL SNAPSHOT (US$ in millions, except per share data) Q2 2021 Q2 2020 Change • Utility water sales increased 38%, acquisitions contributed $12M with 22% core growth. Strong Sales $122.9 $91.1 34.9% order activity, SaaS growth and easier COVID-19- impacted comparisons. Sales limi
Slide 5: Quarterly Sales Growth Trends to Remain Uneven
QUARTERLY SALES GROWTH TRENDS TO REMAIN UNEVEN Year-over-Year sales rate of Q2 2021: Easier prior year COVID change, excluding acquisitions onset comparisons, strong orders, record entry and exit backlog, 25% intermittent component shortages, flow instrumentation return to growth 20% 15% 2020 Actual
Slide 6: In Summary
IN SUMMARY • “Choice matters” provides differentiation and protection in supply-constrained environment – full line of meter offerings and leader in flexible, infrastructure-free cellular AMI. • Operational agility – actively managing price/cost dynamics and varied electronics and other component su
Slide 7: Q&A
Q&A Note: For your planning purposes, our Q3 2021 earnings release/call is tentatively scheduled for Friday October 15, 2021 © 2021 Badger Meter, Inc. 7
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q2 2021 Q2 2020 YTD 2021 YTD 2020 Q2 2021 Q2 2020 Net Earnings (GAAP) $14.0 $9.5 $27.8 $21.4 Cash from Ops (GAAP) $14.5 $21.7 Interest expense 0.0 0.1 0.0 0.1 Capital Expenditures (2.6) (1.6) Income tax provis