Slide 1: Second Quarter 2021 Earnings
Second Quarter 2021 Earnings July 28, 2021 1
Slide 2: Agenda
Agenda IDEX Business Overview • IDEX Overview • Growth Investments • Orders & End Market Update Financials • Q2 Performance • Operating Profit 2021 Guidance IDEX Difference Update Q&A IDEX Proprietary & Confidential 2
Slide 3: Replay Information
Replay Information • Dial toll–free: 877.660.6853 • International: 201.612.7415 • Conference ID: #13712090 • Log on to: www.idexcorp.com IDEX Proprietary & Confidential 3
Slide 4: Cautionary Statement
Cautionary Statement Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This presentation and discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate
Slide 5: Business Update
Business Update IDEX Proprietary & Confidential 5
Slide 6: IDEX Overview
IDEX Overview Strong Commercial Performance • Record orders and backlog • All segments above 2019 order levels • Industrial projects next phase of growth Execution Within a Disruptive Environment • Continue to overcome material shortages, logistics hurdles, staffing challenges • Increased for our sh
Slide 7: Growth Investments - Increasing
Growth Investments - Increasing Inorganic Organic Doubling Emerging Markets Capacity Adding complementary capabilities in reciprocating positive displacement pumps Digitization Build Out Expanded expertise in specialized air moving technologies Continued Growth and Productivity IDEX Proprietary & Co
Slide 8: Record Order Performance
Record Order Performance Sequential Trend 4% 4% Organic Orders V% 19% vs. 2Q vs 2Q (20%) 2020 2019 8% FMT 32% 6% HST 43% 23% FSD 46% 11% Total 39% 13% Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Continued strong orders across all segments 8
Slide 9: 2021 Market Outlook
2021 Market Outlook FLUID & METERING HEALTH & SCIENCE FIRE & SAFETY / TECHNOLOGY TECHNOLOGY DIVERSIFIED 2021 Q2 REVENUE $251M $275M $161M % OF TOTAL 37% 40% 23% Industrial Semiconductor Dispensing Agriculture Food / Pharma Automotive Water Automotive Industrial / Other Energy Analytical Fire / Rescu
Slide 10: Financials
Financials IDEX Proprietary & Confidential 10
Slide 11: IDEX Q2 Financial Performance
(Dollars in millions, excl. EPS) IDEX Q2 Financial Performance Sales Earnings Per Share* Organic: 17% increase 46% increase $686 $1.61 $1.10 $561 Q2 Q2 2020 2021 2020 2021 Operating Margin* Free Cash Flow 330 bps increase 25% decrease 24.4% $161 $120 21.1% Q2 Q2 2020 2021 2020 2021 Record Q2 order g
Slide 12: Q2 Adjusted Operating Income Walk
Q2 Adjusted Operating Income Walk (Dollars in millions) 3 10 5 167 41 (11) 119 2Q'20 Organic Price/ Mix Discretionary / Acq/FX 2Q'21 Adj Flow Thru Productivity/ Reinvestment Adj Inflation Flow through Organic flow Total flow @ PY GM% through ex Acq through 43% / FX 45% 39% Post-COVID volume rebound
Slide 13: 2021 Guidance Summary
2021 Guidance Summary Q3 2021 EPS estimate range: $1.57 – $1.61 Organic revenue growth: 14% - 16% Operating margin: ~24.5% Tax rate: ~23% FX impact: ~1.0% topline benefit based on June 30, 2021 FX rates Corporate costs: ~$21 million FY 2021 EPS estimate range: $6.26 – $6.36 Organic revenue growth: 1
Slide 14: IDEX Difference Updates
IDEX Difference Updates Hired Chief Diversity, Equity and Inclusion Officer • Troy McIntosh joins from U.S. Cellular • Will build global roadmap and success measures for DE&I at IDEX • Reports directly to CEO Solar Energy Investments • First project 1,314 rooftop panels in Germany • Will provide 30%
Slide 15: Appendix
Appendix IDEX Proprietary & Confidential 15
Slide 16: Fluid & Metering Technologies
(Dollars in millions) Fluid & Metering Technologies Orders Sales Operating Margin* Organic: 32% increase Organic: 8% increase 70 bps increase $278 $251 $219 26.0% 26.7% $199 Q2 Q2 Q2 2020 2021 2020 2021 2020 2021 Q2 Sales Mix: Organic 8% Q2 Highlights: Acquisition 4% ❑ Strong industrial days rates,
Slide 17: Health & Science Technologies
(Dollars in millions) Health & Science Technologies Orders Sales Operating Margin* Organic: 43% increase Organic: 25% increase 500 bps increase $283 $275 27.8% $216 22.8% $198 Q2 Q2 Q2 2020 2021 2020 2021 2020 2021 Q2 Sales Mix: Organic 25% Q2 Highlights: Divestiture (1%) ❑ Scientific Fluidics & Opt
Slide 18: Fire & Safety / Diversified Products
(Dollars in millions) Fire & Safety / Diversified Products Orders Sales Operating Margin* Organic: 46% increase 350 bps increase $191 Organic: 22% increase $161 26.7% 23.2% $126 $127 Q2 Q2 Q2 2020 2021 2020 2021 2020 2021 Q2 Sales Mix: Organic 22% Q2 Highlights: ❑ Fire & Rescue recovery slowed by la