Perrigo Company Plc · NYSE:PRGO
Perrigo — 9M FY2004 Earnings Presentation
12 slides from Perrigo's earnings presentation, March 2004
Slide 1: Selected Financial Data
Selected Financial Data For Nine Months Ending March 2004 1
Slide 2: Sales – 9 Months Ending March 27, 2004
Sales – 9 Months Ending March 27, 2004 ($000) 1050 900 750 644.3 643.4 685.6 600 450 300 228.6 195.2 200.1 150 0 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March 2
Slide 3: Gross Profit – 9 Months Ending March 27, 2004
Gross Profit – 9 Months Ending March 27, 2004 ($000) 300 250 200 198.5 (29.0%) 171.7 (26.7%) 184.7 (28.7%) 150 100 56.6 (29.0%) 58.7 (29.3%) 66.6 (29.1%) 50 0 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March ( ) Gross Margin 3
Slide 4: Operating Income – 9 Months
Operating Income – 9 Months Ending March 27, 2004 ($000) 120 100 90.6 (13.2%) 80 75.5* (11.7*%) 63.7* (9.9*%) 60 40 26.5 (11.6%) 20.5*(10.5*%) 22.5 (11.2%) 20 0 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March ( ) Operating Margin * Excludes unusual litigation 4
Slide 5: Net Income (GAAP) – 9 Months
Net Income (GAAP) – 9 Months Ending March 27, 2004 ($000) 100.0 75.0 72.5 50.0 49.7 44.9 25.0 17.9 17.7 14.1 0.0 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March 5
Slide 6: Net Income (Operating) – 9 Months
Net Income (Operating) – 9 Months Ending March 27, 2004 ($000) 100.0 75.0 59.4** 50.0 47.7* 40.0* 25.0 17.7 13.0* 14.1 0.0 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March * Excludes unusual litigation ** Excludes tax benefit 6
Slide 7: Diluted EPS (GAAP) – 9 Months
Diluted EPS (GAAP) – 9 Months Ending March 27, 2004 ($) 1.50 1.25 1.01 1.00 0.75 0.70 0.60 0.50 0.25 0.24 0.20 0.24 0.00 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March 7
Slide 8: Diluted EPS (Operating) – 9 Months
Diluted EPS (Operating) – 9 Months Ending March 27, 2004 ($) 1.50 1.25 1.00 0.83** 0.75 0.67* 0.53* 0.50 0.25 0.18* 0.20 0.24 0.00 FY02 FY03 FY04 9 Mos Ending March 3 Mos Ending March * Excludes unusual litigation **Excludes tax benefit 8
Slide 9: Working Capital (Less Cash)
Working Capital (Less Cash) Ending March 27, 2004 ($000) 200.0 150.0 134.3 119.1 108.6 100.0 50.0 0.0 FY02 FY03 FY04 Cash 36.7 105.2 156.4 9
Slide 10: Cash Flow From Operations – 9 Months
Cash Flow From Operations – 9 Months Ending March 27, 2004 ($000) 200.0 150.0 104.2 100.0 81.9 53.3 50.0 0.0 FY02 FY03 FY04 10
Slide 11: Free Cash Flow – 9 Months
Free Cash Flow – 9 Months Ending March 27, 2004 ($000) 100.0 85.6 80.0 62.5 60.0 40.0 36.0 20.0 0.0 FY02 FY03 FY04 11
Slide 12: Cash Dividends Paid – 9 Months
Cash Dividends Paid – 9 Months Ending March 27, 2004 ($ Per Share) 0.140 0.120 0.095 0.100 0.080 0.060 0.040 0.025 0.020 0.000 FY02 FY03 FY04 12