Slide 1: Fourth Quarter Earnings January 29, 2015
Fourth Quarter Earnings JANUARY 29, 2015
Slide 2: Agenda
AGENDA IDEX’s Outlook Q4 & 2014 Financial Performance Q4 & 2014 Segment Performance • Fluid & Metering • Health & Science • Fire & Safety / Diversified Products 2015 Guidance Detail Q&A 1
Slide 3: Replay Information
REPLAY INFORMATION Dial toll–free: 877.660.6853 International: 201.612.7415 Conference ID: #13598705 Log on to: www.idexcorp.com 2
Slide 4: Cautionary Statement Under the Private Securities Litigation Reform Act
Cautionary Statement Under the Private Securities Litigation Reform Act This presentation and discussion will include forward-looking statements. Our actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause those
Slide 5: IDEX 2014 Financial Performance
Revenue Adjusted EPS* Adjusted Operating Margin* Free Cash Flow 2014 delivered 5 percent organic sales growth and 120 bps of margin expansion IDEX 2014 Financial Performance 4 $0 $500 $1,000 $1,500 $2,00 $2,500 Q4 Year $521 $2,024 $524 $2,148 2013 2014 $0.00 $1.00 $ .00 $3.00 $4.00 Q4 Year $0.82 $3.
Slide 6: Fluid & Metering
Orders Revenue Q4 Revenue Mix: Organic 2% Acquisition 2% Fx -2% Total 2% Q4 Summary: North American industrial and chemical markets are forecasted to remain solid in 2015 Energy’s core business will feel pressure on project activity, based on the decline of fuel prices Water Services growth co
Slide 7: Health & Science
Health & Science Orders Revenue Adjusted Operating Margin* 6 2014 revenue grew 4% organically, while operating margin increased 190 bps $0 $200 $400 $600 $800 $1,000 Q4 Year $190 $723 $191 $755 2013 2014 $0 $200 $400 $600 $800 $1,000 Q4 Year $182 $715 $189 $752 2013 2014 10.0% 15.0% 20.0% 25.0% Q4 Y
Slide 8: Fire & Safety / Diversified Products
$0 $100 $200 $300 $400 $500 Q4 Year $125 $488 $113 $469 2013 2014 Orders Revenue Organic: 4% decline Adjusted Operating Margin* Q4 Revenue Mix: Organic -5% Acquisition 0% Fx -3% Total -8% Q4 Summary: Lower seasonal volume in the Dispensing equipment business contributed to the decline in Q4 orders
Slide 9: Outlook: 2015 Guidance Detail
8 Outlook: 2015 Guidance Detail 2015 Growth Expectations 1% -- 2% organic revenue growth Future acquisitions not contemplated in the growth below Sales (in M's) EPS FY 2014 -- GAAP 2,148$ 3.45$ Restructuring Expenses - 0.12 FY 2014 -- Adjusted 2,148$ 3.57$ Organic Growth ~ 20 – 40 ~ 0.05 – 0.10 FX (
Slide 10: Outlook: 2015 Guidance Summary
Q1 2015 EPS estimate range: $0.81 – $0.83 Operating margin: ~ 20% Tax rate: ~ 29.5% Fx impact: ~5% topline headwind, or 5 cents of EPS based on current Fx rates FY 2015 EPS estimate range: $3.65 – $3.75 Organic revenue growth: ~ 1% – 2% Operating margin: ~ 21% Fx impact: ~4% topline headwind, or 15
Slide 11: Q&A
Q&A 10