Franklin Electric Co., Inc. · NASDAQ:FELE
Franklin Electric — Shareholder Meeting (May 2014)
19 slides from Franklin Electric's shareholder meeting presentation, May 2, 2014
Slide 1: Shareowners Meeting May 2014
WORLD HEADQUARTERS AND ENGINEERING CENTER OF EXCELLENCE Shareowners Meeting May 2014
Slide 2: 2013 Sales & Earnings Growth
2013 Sales & Earnings Growth 2013 % +(-) Prior Year Sales $966 M + 8% EPS(1) $1.72 + 10% (1) After non-GAAP adjustments – see 10-K for reconciliation to GAAP EPS
Slide 3: 17 Consecutive Quarters of Adjusted EPS Growth
17 Consecutive Quarters of Adjusted EPS(1) Growth 18 0 Q4 2009 $0.50 $0.75 $1.00 $1.25 $1.75 $0.20 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q3 2013 Q4 2013 Q4 2011 Q2 2013 (1) After non-GAAP adjustments – see 10-K for reconciliation to GAAP EPS
Slide 4: Return on Invested Capital
Return on Invested Capital(1) 2011 2012 2013 Franklin Electric 19.2% 19.8% 19.4% Xylem (formerly ITT Industries) 16.6% 17.4% 15.4% Pentair 11.8% 8.2% 11.1% EBARA 8.0% 11.6% 11.7% Danaher 12.9% 14.3% 14.6% (1) Return on invested capital = operating income ÷ (average net debt plus equity) after non-GA
Slide 5: Strong Balance Sheet
Strong Balance Sheet 12/31/13 Net Debt/Capital 7% Cash & Marketable Securities $135 M
Slide 6: Consecutive Annual Dividend Payment Increases
21 Consecutive Annual Dividend Payment Increases 22 $0 1993 $0.10 $0.15 $0.20 $0.25 $0.30 $0.05 1994 1995 1996 1997 1998 1999 2000 2002 2009 2003 2004 2005 2006 2007 2008 2010 2001 2011 2012 2013 $0.35 2014
Slide 7: Total Shareowner Return
Total Shareowner Return Franklin Electric Total Shareowner Return/Year (as of 12/31/13) 1 year 53% 3 years 5 years 34% 27% Compound Annual Rate of Return 11 years 14%
Slide 8: Business Transformation
Business Transformation 2003 Motor Company 2013 Pumping Systems Company 2,000 different products 40,000 different products
Slide 9: Franklin Fueling Systems Sales & Earnings Growth
Franklin Fueling Systems Sales & Earnings Growth $0 $200 2002 2013 $100 Sales Growth Operating Income Growth $0 $50 2002 2013 $25 237% Growth $59 M $199 M $5 M $43 M 760% Growth
Slide 10: Growing Sales in Developing Regions
Growing Sales in Developing Regions 2010 $0 $50 $75 $100 $125 $150 $175 $200 $225 2004 2005 2006 2007 2008 2009 $25 2011 $250 $300 $350 $361 M 2012 $325 $275 2013 $65 M
Slide 11: Linares, Mexico
Linares, Mexico
Slide 12: Brno, Czech Republic
Brno, Czech Republic
Slide 13: Suzhou, China
Suzhou, China
Slide 14: Madison Wisconsin, USA
Madison Wisconsin, USA
Slide 15: Saco Maine, USA
Saco Maine, USA
Slide 16: Joinville, Brazil
Joinville, Brazil
Slide 17: Investment in New Product Capabilities
Investment in New Product Capabilities 2002 2013 Water & Fueling RD&E Headcount 61 148 New Fort Wayne Global Engineering Development Lab
Slide 18: Providing clean drinking water for 60,000 people in rural villages in Africa
2010-2013 Providing clean drinking water for 60,000 people in rural villages in Africa
Slide 19: @ Franklin Electric
@ Franklin Electric