Enovis Corporation · NYSE:ENOV

Enovis — Colfax — Investor Presentation (December 2017)

14 slides from Enovis's investor presentation, Dec 18, 2017

  1. Slide 1: 2018 Outlook

    December 18, 2017 2018 Outlook

  2. Slide 2: Forward-looking Statements

    2 Forward-looking Statements These slides and accompanying oral presentation contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, stat

  3. Slide 3: Executing Our Strategy in 2017

    3 Executing Our Strategy in 2017  Completed Fluid Handling sale  Committed $430M on 7 complementary bolt-ons  Returned to organic growth  Accelerating new product innovation  Achieving target of $50 million restructuring cost savings  Affirming 2017 guidance with continuing operations represen

  4. Slide 4: Improving and Growing in 2018

    4 Improving and Growing in 2018  Accelerating growth initiatives at ESAB − Improving regional market conditions − Increasing pace of new products − Leveraging recent acquisitions  Making the turn at Howden − Focusing on industrial and mining growth − Positioning for Oil & Gas recovery in second ha

  5. Slide 5: 2018 Outlook and Reporting Changes

    5 2018 Outlook and Reporting Changes  Business improvement and acquisitions create significant earnings growth  Adding back intangibles amortization and other non-cash acquisition- related charges in 2018 ADJUSTED EARNINGS PER SHARE FH Sale $1.65 – $1.80 $2.00 – $2.15 2018 Cont. Ops. Improvement &

  6. Slide 6: 2018 Expectations

    6 2018 Expectations  0% to 2% organic revenue growth  Sales quarterly seasonality: 22-23%, 25-26%, 24-25%, 26-27%  Continuing restructuring actions to achieve $25-$30M in savings  Partially offset by $10-$20M of inflation and growth investments, net of productivity  Approximately $28-$32M of in

  7. Slide 7: Market Orders Outlook

    7 Market Orders Outlook Current Environment • Remains sluggish as customers minimize expenses • Lower power utilization rates in the US and China • Almost all regions back to growth for welding • Environmental spend continues in China • Slow recent project progression • Number of projects stable to

  8. Slide 8: Colfax Strategy

    8 Colfax Strategy Mid-teen segment margins GDP +1-2% organic growth Innovate and acquire to compound returns Strengthen the foundation − Deeper, empowered talent accelerating performance − Colfax Business System – culture & impact − Fixed and variable productivity journeys Pivot to growth − Focus on

  9. Slide 9: Appendix

    —_ APPENDIX a

  10. Slide 10: Non-GAAP Financial Measures

    10 Non-GAAP Financial Measures Colfax has provided financial information that has not been prepared in accordance with GAAP. These non-GAAP financial measures are adjusted net income, adjusted net income per share, and projected adjusted net income per share. These non-GAAP financial measures assist

  11. Slide 11: Non-GAAP Reconciliation (unaudited)

    11 Non-GAAP Reconciliation (unaudited) 2018 Guidance Low High Projected net income per share continiuing operations (GAAP) - diluted 1.45$ 1.60$ Restructuring and other related charges - pretax 0.26 0.26 Acquisition-related amortization and other non-cash charges - pretax (1) 0.49 0.49 Tax adjustmen

  12. Slide 12: Non-GAAP Reconciliation (unaudited)

    12 Non-GAAP Reconciliation (unaudited) Colfax Corporation Low High Projected net income per share (GAAP) - diluted 1.34$ 1.44$ Restructuring and other related charges - pretax 0.30 0.30 Divestiture-related expense, net - pretax 0.13 0.13 Tax adjustment (0.12) (0.12) Projected adjusted net income per

  13. Slide 13: Non-GAAP Reconciliation (unaudited)

    13 Non-GAAP Reconciliation (unaudited) April 1, 2016 July 1, 2016 September 30, 2016 December 31, 2016 Net income from Continuing Operations attributable to Colfax Corporation $ 23,402 $ 39,828 $ 36,319 $ 38,123 Restructuring and other related charges - pretax 15,206 11,040 11,752 20,498 Loss on dec

  14. Slide 14: Non-GAAP Reconciliation (unaudited)

    14 Non-GAAP Reconciliation (unaudited) __________________ Note: Dollars in thousands, except per share amounts March 31, 2017 June 30, 2017 September 29, 2017 Net income from Continuing Operations attributable to Colfax Corporation $ 35,446 $ 36,783 43,781$ Restructuring and other related charges -

Colfax — Investor Presentation (December 2017) on 6ix