Badger Meter, Inc. · NYSE:BMI

Badger Meter — Q1 2019 Earnings Presentation

8 slides from Badger Meter's earnings presentation, Apr 17, 2019

  1. Slide 1: First Quarter 2019 Earnings

    BADGER METER FIRST QUARTER 2019 EARNINGS April 17, 2019 © 2019 Badger Meter, Inc. 1

  2. Slide 2: Forward Looking Statements

    FORWARD LOOKING STATEMENTS Certain statements contained in this presentation as well as other information provided from time to time by the Company or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from

  3. Slide 3: First Quarter Highlights

    FIRST QUARTER HIGHLIGHTS EPS $0.37 • Significant profitability improvement year-over- $0.26 year including 42% increase in diluted earnings per share • Flat sales with inclement weather; favorable technology product/service mix trend continues 2018 2019 • Good progress in the continued roll-out of c

  4. Slide 4: First Quarter Financial Snapshot

    FIRST QUARTER FINANCIAL SNAPSHOT (US$ in millions, except per share data) • Municipal water sales up 1% year- Q1 2019 Q1 2018 Change over-year – favorable mix to higher Sales $104.9 $105.0 -0.1% technology products and services; Gross Profit 40.5 36.8 10.1% offset by weather and order deferrals 38.6

  5. Slide 5: Leading Technologies – Smart Water Partnerships

    LEADING TECHNOLOGIES – SMART WATER PARTNERSHIPS Columbia, South Carolina Aurora, Colorado • 150,000 connections • 87,000 connections • ORION® LTE-M end points – 20+ year • ORION® LTE-M end points – 20+ year service contract service contract • Recordall® mechanical meters • BEACON® AMA software; EyeO

  6. Slide 6: Progress on Strategic Initiatives

    PROGRESS ON STRATEGIC INITIATIVES E-Series Ultrasonic Meters • Unmatched breadth of products and technologies • Launch of E-Series Ultrasonic meter in additional sizes - both a technology enhancement and cost improvement ORION Cellular End Points • ORION LTE-M cellular endpoints which are 5G ready -

  7. Slide 7: Q&A

    Q&A Note: For your planning purposes, our Q2 2019 earnings release/call is tentatively scheduled for July 18, 2019 © 2019 Badger Meter, Inc. 7

  8. Slide 8: GAAP to Non-GAAP Reconciliations

    GAAP TO NON-GAAP RECONCILIATIONS EBITDA Free Cash Flow (US$ in millions) (US$ in millions) Q1 2019 Q1 2018 Q1 2019 Q1 2018 Net Earnings (GAAP) $10.8 $7.5 Cash from Ops (GAAP) $17.8 $6.8 Interest expense 0.1 0.3 Capital Expenditures (2.1) (3.1) Income tax provision 3.3 2.2 Free Cash Flow $15.7 $3.7 D

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