Slide 1: F'12 - Q4 Financial Results
F'12 - Q4 Financial Results September 7, 2012 September 7, 2012 BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 2 Brady believes that certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements related to future, not past, events included i
Slide 3: Q4 Comparability Items
Q4 COMPARABILITY ITEMS BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 3 During the 4th quarter, certain restructuring charges and a non-routine, non-cash tax charge was incurred that impact comparability with the prior year. The diluted EPS impact of these charges is as follows: Q4 F'12: Q4 F'12 Diluted E
Slide 4: F'12 Recap
F'12 RECAP Net loss of $17.9M vs. a $108.7M of net income in F'11. Net Income, excluding impairment, restructuring charges, and non-routine tax charge** of $113.0M vs. $115.2M in F'11. Diluted EPS of $(0.35) in F'12 compared to $2.04 in F'11. Diluted EPS, excluding impairment, restructuring charges,
Slide 5: Q4 F'12 - Financial Summary
Q4 F'12 - FINANCIAL SUMMARY Net income down 60.6% to $11.7M vs. $29.6M in Q4 of F'11. Net Income, excluding restructuring charges and non-routine tax charge** down 21.7% to $24.4M vs. $31.1M in Q4 of F'11. Diluted EPS down 60.0% to $0.22 in Q4 of F'12 vs. $0.55 in Q4 of F'11. Diluted EPS, excluding
Slide 6: F'13 Guidance
F'13 GUIDANCE BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 6 Diluted EPS $2.20 to $2.40 (Excluding after-tax restructuring charges) Guidance Assumptions: Full-year income tax rate in the mid-to-upper 20% range. Diluted share count consistent with that as of July 31, 2012. Current foreign currency exchan
Slide 7: Sales Overview
SALES OVERVIEW Organic Sales 2% 10% 1% (0.6%) 3.5% (1.8%) (0.5%) (2.6%) BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 7 Q4 F'12 Sales Down 6.0%. (2.6%) Organic Sales Decline (Americas and EMEA grew while Asia-Pacific contracted). 1.6% Growth from Acquisitions. (5.0%) Decline due to Currency Translation.
Slide 8: Gross Profit Margin and SG&A
GROSS PROFIT MARGIN AND SG&A BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 8 GROSS PROFIT & GPM% (Millions of USD) SG&A & SG&A as % of SALES (Millions of USD) GPM of 48.1% is flat with Q4 of F'11. Asia GPM weakness offset by mix, productivity improvements, and strategic sourcing benefits. GROSS PROFIT MA
Slide 9: Net Income and Diluted EPS
NET INCOME* AND DILUTED EPS* Q4 F'12 diluted EPS down 60.0% to $0.22. Q4 F'12 diluted EPS, excluding impairment, restructuring charges, and non-routine tax charge down 19.0% to $0.47/share. F'12 - Restructuring and non-routine costs incurred to right size cost structure in light of stagnant macro- e
Slide 10: Cash Generation
CASH GENERATION BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 10 Cash Flow from Operating Activities in Q4 of F'12 = $44.1M. Returned $9.7M to our shareholders in dividends in Q4 ($38.9M for the year ended July 31, 2012). Acquired 1,411,833 of shares for $37.6M in Q4 of F'12 (1,869,193 shares for the yea
Slide 11: Debt & EBITDA
DEBT & EBITDA BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS NET DEBT / TTM EBITDA* July 31, 2012 Debt = $316M. July 31, 2012 Cash = $306M. STRONG BALANCE SHEET: 11 DEBT & TTM EBITDA* (Millions of USD) * See slide #18 for the calculation of EBITDA.
Slide 12: Q4 F'12 - New Product Launches
Q4 F'12 - NEW PRODUCT LAUNCHES Thermal Management Material: TransthermTM TSoft3HP - High performance thermal conductive gap filler, used in electronics to dissipate heat. Applications include Power Modules, CPUs, LED lighting and Telecom. Brady's solution offers high performance thermal conductivity
Slide 13: Americas - Q4 F'12 Summary
AMERICAS - Q4 F'12 SUMMARY Q4 F'11 Q4 F'12 Change Sales $ 146.2 $ 147.0 + 0.6% Segment Profit 36.9 37.7 + 2.4% Segment Profit % 25.2% 25.7% + 0.5 pts BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 13 SALES & SEGMENT PROFIT % (Millions of USD) Q4 F'12 vs. Q4 F'11 PERFORMANCE Revenues up 0.6%: Organic Growt
Slide 14: EMEA - Q4 F'12 Summary
EMEA - Q4 F'12 SUMMARY Q4 F'11 Q4 F'12 Change Sales $103.0 $ 98.3 - 4.6% Segment Profit 29.9 27.2 - 8.9% Segment Profit % 29.0% 27.7% - 1.3 pts BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 14 SALES & SEGMENT PROFIT % (Millions of USD) Q4 F'12 vs. Q4 F'11 PERFORMANCE Revenues down 4.6%: Organic growth =
Slide 15: Asia-Pacific - Q4 F'12 Summary
ASIA-PACIFIC - Q4 F'12 SUMMARY Q4 F'11 Q4 F'12 Change Sales $ 93.9 $ 77.3 - 17.8% Segment Profit 11.8 4.1 - 65.4% Segment Profit % 12.5% 5.3% - 7.2 pts BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 15 SALES & SEGMENT PROFIT % (Millions of USD) Q4 F'12 vs. Q4 F'11 PERFORMANCE Revenues down 17.8%: Organic
Slide 16: Investor Relations
INVESTOR RELATIONS Brady Contact: Aaron Pearce Investor Relations 414-438-6895 Aaron_Pearce@Bradycorp.com See our web site at www.investor.bradycorp.com BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 16
Slide 17: Income Statements
INCOME STATEMENTS BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 17 COMPARABLE INCOME STATEMENT (Millions of USD)
Slide 18: EBITDA Reconciliation
EBITDA RECONCILIATION BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 18 EBITDA (Millions of USD)
Slide 19: Diluted EPS, excluding impairment, restructuring & non-routine tax charge
Diluted EPS, excluding impairment, restructuring & non-routine tax charge BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 19 Reconciliation of Diluted EPS, excluding impairment, restructuring and non-routine tax charge:
Slide 20: Net Income, excluding impairment, restructuring & non-routine tax charge
Net Income, excluding impairment, restructuring & non-routine tax charge BRADY - FISCAL 2012 Q4 FINANCIAL RESULTS 20 Reconciliation of Net income, excluding impairment, restructuring and non-routine tax charge ('000s of USD):