Slide 1: Earnings Call Presentation 2nd Quarter Fiscal 2018
Earnings Call Presentation 2nd Quarter Fiscal 2018 ADVANCING INNOVATION TO SOLVE GLOBAL CHALLENGES EXHIBIT 99.2
Slide 2: Safe-Harbor Statement
Safe-Harbor Statement This presentation contains forward-looking statements that are subject to risks and uncertainties and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. Yo
Slide 3: Second Quarter Highlights
Second Quarter Highlights Revenue increased 5%, with increases in both Irrigation and Infrastructure segments Gross profit increased 7% Adjusted operating income* increased 10% Adjusted diluted EPS* increased 19%, from $0.47 in fiscal 2017 to $0.56 in fiscal 2018 *Please see Reg G reconciliation of
Slide 4: Second Quarter and YTD Financial Summary
Second Quarter and YTD Financial Summary *Please see Reg G reconciliation of GAAP operating income, net earnings and earnings per share to adjusted figures at end of presentation.
Slide 5: Irrigation Segment
Irrigation Segment Total Irrigation revenues increased 5% to $111.9 million North America revenues increased 23% to $78.9 million Irrigation system unit volume increased in several regions Revenues from other irrigation components increased modestly International revenues decreased 22% to $33.0 mill
Slide 6: Infrastructure Segment
Infrastructure Segment Revenue increased 3% over prior year Increased Road Zipper System® sales volume Lower sales of North America road safety products Operating income increased 58% Improved margin mix due to higher level of Road Zipper revenue Road Zipper System orders received in the quarter Ric
Slide 7: U.S. Tax Reform
Corporate federal statutory tax rate reduction from 35% to 21% Tax expense of $2.6 million recognized in the second quarter for the provisional impact* of the enactment of U.S. Tax Reform Deemed repatriation transition tax of $1.8 million on certain foreign earnings Remeasurement of deferred tax ass
Slide 8: Foundation for Growth Initiative – 2020 Objectives
Foundation for Growth Initiative – 2020 Objectives 11% to 12% operating margin Shareholder value creation Fully leverage the global organization Viewed by customers as the innovation leader in core markets Highly engaged employees One common culture and identity Financial performance External percep
Slide 9: Foundation for Growth Workstreams
Foundation for Growth Workstreams Strategic choices 6 Culture change & operating model 5 Culture assessment, aligning behaviors to strategy, improving global work processes Set strategic direction, portfolio assessment Commercial 1 Manufacturing 3 Sourcing 2 G&A Expense 4 Create value through channe
Slide 10: Summary Balance Sheet
Summary Balance Sheet Cash and cash equivalents $102.2 $102.8 Current assets $313.4 $285.7 Current liabilities $104.5 $90.8 Net working capital $208.9 $194.9 Long-term debt $116.9 $1104 Shareholders' equity $273.1 $253.6 24 Quarter Fiscal 2018 - Earnings Call Presentation V,LINDSAY’ a
Slide 11: Summary of Cash Flows
Summary of Cash Flows Net eamings $4.9 $5.9 Depreciation / amortization $8.6 $8.1 Changes in assets and liabilities: Receivables ($23.1) $2.7 Inventories ($15.2) ($7.4) Other working capital $14.7 ($0.9) Other $1.2 $2.3 Net cash (used in) provided by operations ($8.9) $10.7 Purchases of property, pl
Slide 12: Attractive Long-Term Market Drivers
Attractive Long-Term Market Drivers Water Conservation Alternative Fuels Increase Yields Improve Road Safety Population Growth Advancing Technology
Slide 13: Current Market Factors
Current Market Factors Commodity prices stabilized but expected to remain flat given high carryover stock levels USDA average corn prices $3.15 - $3.55 per bushel Net Farm Income projected to be $59.5 billion a 7% decrease from estimated 2017 EPA issued 2018 ethanol production target levels to be co
Slide 14: Capital Allocation – A Balanced Approach
Capital Allocation – A Balanced Approach (1) Includes marketable securities that were not included in the cash and cash equivalents balance on 8/31/07. (2) Other includes debt repayments, net cash sources/uses from note receivables, net investment hedges, stock compensation and related tax benefits.
Slide 15: Regulation G Reconciliation of GAAP to Non-GAAP Financial Measures
Regulation G Reconciliation of GAAP to NON-GAAP Financial Measures LINDSAY CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) The non-GAAP tables below disclose (a) the impact on diluted earnings per share of (1) tax expense attributed to enactment of the
Slide 16: Regulation G Reconciliation of GAAP to Non-GAAP Financial Measures
Regulation G Reconciliation of GAAP to NON-GAAP Financial Measures
Slide 17: Regulation G Reconciliation of GAAP to Non-GAAP Financial Measures
Regulation G Reconciliation of GAAP to NON-GAAP Financial Measures