Quaker Houghton · NYSE:KWR
Quaker Houghton — Quaker Chemical — Q3 2012 Earnings Presentation
8 slides from Quaker Houghton's earnings presentation, Oct 30, 2012
Slide 1: Investor Conference Call Third Quarter 2012
October 31, 2012 Quaker Chemical Corporation Investor Conference Call Third Quarter 2012 October 31, 2012 Quaker Chemical Corporation Investor Conference Call Third Quarter 2012
Slide 2: Risks and Uncertainties Statement
Risks and Uncertainties Statement Regulation G The attached charts include Company information that does not conform to generally accepted accounting principles (GAAP) . Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing o
Slide 3: Third Quarter 2012 Headlines
Third Quarter 2012 Headlines • Acquisitions and business strategies drive Company to record product volumes • Revenue down slightly due to foreign exchange impacts • Strong balance sheet and net operating cash flow • Solid earnings despite challenging environment • Closed NP Coil Dexter acquisition
Slide 4: Summary Results
Third Quarter 2012 Summary Results • $19.8 million of operating cash flow generated in Q3 2012 • Balance sheet remains strong despite global challenges – Paid down $9.7 million of debt since year-end; Leverage ratio of approximately 0.5 X at September 30, 2012, improved over prior quarter end and ye
Slide 5: Product Volume by Quarter
Product Volume by Quarter 25,000 30,000 35,000 40,000 45,000 50,000 55,000 4Q08 YTD Avg. 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Metalworking Process Chemicals Segment Acquisitions assisting with volume growth during 2012 Product Volume by Quarter 25,000 30,000 35,
Slide 6: Run Rate of Adjusted EBITDA
Run Rate of Adjusted EBITDA 2012 Trailing Twelve Month EBITDA tracking ahead of Full Year 2011 Note: Excludes restructuring, transition costs related to key employees, equity affiliate out- of- period charge, non- cash gain from purchase of equity affiliate, non- income tax contingency charge and U.
Slide 7: Adjusted EBITDA and Trailing Twelve Month Reconciliation
Adjusted EBITDA and Trailing Twelve Month Reconciliation A B A + B Three Months Ended Nine Months Ended Trailing Twelve 2008 2009 2010 2011 December 31, 2011 September 30, 2012 Months Net income attributable to Quaker Chemical Corporation 11,132 16,220 31,807 43,569 9,770 32,972 42,742 Add / ( subtr
Slide 8: Non-GAAP Diluted Earnings Per Share Reconciliation
Non- GAAP Diluted Earnings Per Share Reconciliation 2012 2011 2012 2011 Earnings per diluted share attributable to Quaker Chemical Corporation 0.80 1.03 2.52 2.73 Non- cash gain on the revaluation of a previously held ownership interest in a Mexican affiliate per diluted share — ( 0.22) — (0.22) Ear