Envista Holdings Corporation · NYSE:NVST
Envista — Q3 2019 Earnings Presentation
13 slides from Envista's earnings presentation, Oct 24, 2019
Slide 1: Third Quarter 2019 Earnings Presentation
Third Quarter 2019 Earnings Presentation October 24, 2019 1
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation are “forward-looking” statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual results, developments and business decisions to differ materially from those suggeste
Slide 3: Envista Overview & Priorities
Envista Overview & Priorities Envista serves a large and growing market and is a leading player in some of the most attractive segments of Dental Accelerate sustainable growth and margin expansion through application of EBS Capital allocation focus on M&A to further improve growth profile Opportunit
Slide 4: Third Quarter 2019: Revenue and Adjusted Diluted EPS
Third Quarter 2019: Revenue and Adjusted Diluted EPS Revenue Adjusted Diluted -3.0% EPS $680 $659 ($ mn) $0.50 Core Sales -0.5% $0.47 ($ mn) Discontinued products -1.0% FX Impact -1.5% Q3 2018 Q3 2019 Q3 2018 Q3 2019 4
Slide 5: Third Quarter 2019: Operating & Gross Margin
Third Quarter 2019: Operating & Gross Margin Operating Profit Gross Margins Q3 2018: 56.1% Margin Q3 2019: 55.7% 12.0% -10bps 11.9% ($ mn) SG&A (as a % of Revenue) Q3 2018: 37.9% Q3 2019: 38.2% R&D (as a % of Revenue) Q3 2018: 6.2% Q3 2018 Q3 2019 Q3 2019: 5.5% 5
Slide 6: Specialty Products & Technologies
Specialty Products & Technologies Revenue Operating Profit $318 Flat +100bps $317 $52 ($ mn) $55 Core Sales +2.5% ($ mn) Discontinued products -1.5% FX Impact -1.0% Q3 2018 Q3 2019 Q3 2018 Q3 2019 6
Slide 7: Equipment & Consumables
Equipment & Consumables Revenue Operating Profit $361 -5.5% $342 -110bps ($ mn) Core Sales -3.0% Discontinued products -1.0% $37 $31 FX Impact -1.5% ($ mn) Q3 2018 Q3 2019 Q3 2018 Q3 2019 7
Slide 8: Third Quarter 2019: Operating Cash Flow & Free Cash Flow
Third Quarter 2019: Operating Cash Flow & Free Cash Flow Operating Cash Flow Free Cash Flow +22.5% +12.0% $98 $80 $80 $71 ($ mn) ($ mn) Q3 2018 Q3 2019 Q3 2018 Q3 2019 8
Slide 9: Guidance
Guidance 9
Slide 10: 10
10
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation Core Revenue Growth % Change Three- % Change Nine- Month Period Ended Month Period Ended September 27, 2019 vs. September 27, 2019 vs. Comparable 2018 Comparable 2018 Period Period Total sales growth (GAAP) G.O% G% Less the impact of Discontinued products 1.0% Currency exchan
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation 12 12
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation Statement Regarding Non-GAAP Measures Each of the non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companie