Wesco International, Inc. · NYSE:WCC
Wesco International — Q1 2011 Earnings Presentation
10 slides from Wesco International's earnings presentation, Apr 21, 2011
Slide 1: Supplemental Financial Data WESCO First Quarter 2011
Supplemental Financial Data WESCO First Quarter 2011 April 21, 2011
Slide 2: Safe Harbor Statement
Safe Harbor Statement Note: All statements made herein that are not historical facts should be considered as "forward- looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may ca
Slide 3: First Quarter 2011 Results
First Quarter 2011 Results Q1 Outlook Provided First Quarter 2011 Performance First Quarter 2011 Performance Sales growth expected to be at or above 16% (including acquisitions; excluding price and F/X impact) Sales growth up 25% versus prior year; up 7.5% sequentially Gross margin expected to be at
Slide 4: Organic Sales Analysis Versus Prior Year
Organic Sales Analysis Versus Prior Year ------------------------------------ 2010 ------------------------------------ ------------------------------------ 2010 ------------------------------------ ------------------------------------ 2010 ------------------------------------ ----------------------
Slide 5: End Market Q1 2011 vs. Q1 2010
End Market Q1 2011 vs. Q1 2010 Q1 2011 vs. Q4 2010 Comments WESCO Consolidated 17.6% 2.5% Third consecutive quarter of year-over-year double digit sales organic growth; 2010 Q3 13%; Q4 16%; 2011 Q1 18%4% sequential growth in Q1 2011 on equal workdays basisAll six product categories grew double digit
Slide 6: Key Financial Metrics
Key Financial Metrics Key Financial Metrics Key Financial Metrics 12/31/2010 3/31/2011 Liquidity1 $338 million $354 million Full Year and Quarterly Free Cash Flow $112 million $26 million Financial Leverage (Par Value Debt with Reported EBITDA) 3.9x 3.4x Financial Leverage (Pro Forma including TVC T
Slide 7: Convertible Debt as of March 31, 2011
Convertible Debt as of March 31, 2011 GAAP vs. Non-GAAP Debt Reconciliation Non-Cash Interest Expense Schedule ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) Year 2029 Bond 2011 $2.4 2012 $2.7 2013 $3.1 Convertible Debentures(000s) Convertible Debentures(000s) Convertible Debenture
Slide 8: Convertible Debt and SARs/Options EPS Dilution
Convertible Debt and SARs/Options EPS Dilution Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Stock Price Incremental Shares from2029 Convertible Debt(in millions)3 Incremental Shares from SA
Slide 9: Q2 Outlook
Q2 Outlook Category Q2 2011 Expectations Sales Growth Expected to be at or above 21% YOY including acquisitions; pricing and F/X rates assumed consistent with Q1 levels Gross Margins Expected to be at or above 19.6%, up 30 basis points versus prior year; Q2 down sequentially due to seasonal business
Slide 10: 2011 Full Year Outlook
2011 Full Year Outlook Category 2011 Expectations(Provided January 27, 2011) Revised 2011 Expectations(April 21, 2011) Sales Growth Expected to be at or above 12% including acquisitions but excluding pricing and F/X impact Expected to be at or above 17% including acquisitions; Pricing and F/X rates