Slide 1: Second Quarter 2021 Teleconference Supplemental Data
Second Quarter 2021 Teleconference Supplemental Data Please see Ecolab’s news release dated July 27, 2021 for additional information, including discussion on the use of certain non-GAAP financial measures.
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding COVID-19 pandemic trends, th
Slide 3: 2Q 2021 Overview
2Q 2021 Overview Overview ▪ Strong second quarter results showed significant year-on-year growth, driven by recovering markets, accelerating pricing and new business wins which more than offset increased delivered product costs and the slower pace of reopenings outside the U.S. Sales: ▪ Reported
Slide 4: 2Q 2021 Environment
2Q 2021 Environment Restaurants and lodging: U.S. restaurant, hotel, entertainment facility traffic improved as vaccinations rolled out and restrictions eased. While Europe continues to lag, it is showing early signs of recovery and, along with the rest of the world, is expected to show improving
Slide 5: 2021 Outlook
2021 Outlook We expect the U.S. recovery to continue, Europe to reopen as forecasted, the rest of the world to follow soon after, and a continued higher cost environment. We have implemented strong pricing actions in 2021 that remain ahead of input costs, and pricing will provide further coverage as
Slide 6: 2Q 2021 Results
2Q 2021 Results Second Quarter Ended June 30 Reported Adjusted * (unaudited) Public Currency Rates % Public Currency Rates % (millions, except per share) 2021 2020 Change 2021 2020 Change Net sales $3,162.7 $2,685.7 18 % $3,162.7 $2,685.7 18 % Operating income 447.8 192.0 133 % 469.1 288.4 63 % NI f
Slide 7: 2Q 2021 Sales Growth Detail
2Q 2021 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change Water 7% 7% Volume & mix 10% Food & Beverage 2% 1% Pricing 2% Downstream -6% -6% Subtotal 12% Paper 10% 10% Acq./Div. 1% Total Global Industrial 4% 3% Fixed currency growth 13% Currency im
Slide 8: 2Q 2021 Income Statement / Margins (cont. ops.)
2Q 2021 Income Statement / Margins (cont. ops.) ($ millions, unaudited)** 2021 % sales 2020 % sales % change Comments*** Gross Profit $1,318.7 41.7% $1,050.0 39.1% 26 % The margin increase primarily reflected the impact of increased sales volume and accelerating pricing which more than offset increa
Slide 9: 2Q 2021 Balance Sheet / Cash Flow
2Q 2021 Balance Sheet / Cash Flow Summary Balance Sheet June 30 June 30 (millions, unaudited) 2021 2020 (millions, unaudited) 2021 2020 Cash and cash eq. $1,402.4 $1,369.0 Short-term debt $17.3 $534.9 Accounts receivable, net 2,331.0 2,255.5 Accounts payable 1,213.3 1,087.7 Inventories 1,418.5 1,228
Slide 10: Appendix
Appendix Please see Ecolab’s news release dated July 27, 2021 for additional information, including discussion on the use of certain non-GAAP financial measures. 10 .
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Second Quarter Ended Six Months Ended (unaudited) June 30 June 30 (millions, except percent) 2021 2020 2021 2020 Net sales Reported GAAP net sales $3,162.7 $2,685.7 $6,047.7 $5,706.3 Effect of foreign currency translation 16.7 128.6 22.3 196.6 Non-GAAP fixed currency sale
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) Second Quarter Ended Six Months Ended (millions, except percent and per share) June 30 June 30 2021 2020 2021 2020 Interest expense, net Reported GAAP interest expense, net $45.6 $58.7 $97.3 $107.0 Special (gains) and charges, after tax - 0.7 - 0.7 Non-GAAP ad
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) Second Quarter Ended June 30 (millions) 2021 2020 Impact of Impact of Fixed Acquisitions and Acquisition Fixed Acquisitions and Acquisition Currency Divestitures Adjusted Currency Divestitures Adjusted Net Sales Global Industrial $1,555.4 ($26.2) $1,529.2 $1,4
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures (unaudited) Six Months Ended June 30 (millions) 2021 2020 Impact of Impact of Fixed Acquisitions and Acquisition Fixed Acquisitions and Acquisition Currency Divestitures Adjusted Currency Divestitures Adjusted Net Sales Global Industrial $2,989.3 ($59.3) $2,930.0 $2,963.5