Badger Meter, Inc. · NYSE:BMI
Badger Meter — Q4 2020 Earnings Presentation
8 slides from Badger Meter's earnings presentation, Jan 29, 2021
Slide 1: Fourth Quarter 2020 Earnings
BADGER METER FOURTH QUARTER 2020 EARNINGS January 29, 2021 © 2021 Badger Meter, Inc. 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements contained in this presentation, as well as other information provided from time to time by Badger Meter, Inc. (the “company”) or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to
Slide 3: Highlights
HIGHLIGHTS EBITDA Margin % * Q4 Full Year 21.2% • Completed s::can acquisition in November 2020 and 20.7% 20.7% 20.3% Analytical Technology, Inc. (ATi) in early January 2021 adding online water quality monitoring • Fourth quarter sales of $112.3 million, up 4% year-over-year • Utility water sales in
Slide 4: Fourth Quarter Financial Snapshot
FOURTH QUARTER FINANCIAL SNAPSHOT (US$ in millions, except per share data) Q4 2020 Q4 2019 Change • Utility water sales increased 8%, with 5% organic growth reflecting higher meter, radio Sales $112.3 $107.6 4.4% and software sales. 3% contribution from two months of s::can. Gross Margin 44.1 41.1 7
Slide 5: Water Quality Monitoring – s::can and ATi
WATER QUALITY MONITORING – S::CAN AND ATI • Complementary offerings • Product technology – robust and full portfolio of both electrochemical and Macro Trends Driving Applications optical sensors • Geographies - ATi strong in the US and UK, while s::can has installed Potable water monitoring; optimiz
Slide 6: Recap / Outlook
Full Year 2020 RECAP / OUTLOOK 4% Utility Water Sales Growth • Strong performance in 2020 despite backdrop of pandemic’s health and economic implications 90 BPS EBITDA Margin • Build on leading market position with comprehensive and tailorable solutions Expansion across our differentiated flow measu
Slide 7: Q&A
Q&A Note: For your planning purposes, our Q1 2021 earnings release/call is tentatively scheduled for April 20, 2021 © 2021 Badger Meter, Inc. 7
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q4 2020 Q4 2019 2020 2019 Q4 2020 Q4 2019 Net Earnings (GAAP) $13.1 $12.3 $49.3 $47.2 Cash from Ops (GAAP) $15.9 $19.6 Interest expense 0.0 0.0 0.0 0.2 Capital Expenditures (3.2) (1.9) Income tax provision 3.8