Lindsay Corporation · NYSE:LNN
Lindsay — Q2 2025 Earnings Presentation
18 slides from Lindsay's earnings presentation, Apr 3, 2025
Slide 1: 2nd Quarter Fiscal 2025 Earnings Presentation
2nd Quarter Fiscal 2025 Earnings Presentation
Slide 2: Safe-Harbor Statement
Safe-Harbor Statement This presentation contains forward-looking statements that are subject to risks and uncertainties, and which reflect management’s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, financial results and planned financing. Y
Slide 3: Key Highlights
Key Highlights + Quarterly net earnings increase 47 percent and diluted EPS increase 49 percent + International project volume in the Middle East and North Africa (MENA) region contributes to 11 percent revenue growth in irrigation + Infrastructure revenues more than double on the completion of a la
Slide 4: Second Quarter Summary
Second Quarter Summary Revenue Operating Income Diluted EPS (with operating margin) $187.1 +23% $32.1 +45% $2.44 +49% $151.5 $22.1 $1.64 17.2% 14.6% FY24 FY25 FY24 FY25 FY24 FY25 + Revenues increased $35.5 million, or 23 percent, compared to the prior year • Irrigation increased $15.1 million • Infr
Slide 5: Irrigation – Current Market Factors
Irrigation – Current Market Factors + As of February 2025, U.S. corn prices increased approximately 20 percent and soybean prices decreased approximately 9 percent compared to February 2024 + In February 2025, the USDA estimated 2025 U.S. net farm income to be $180.1 billion, an increase of 29 perce
Slide 6: Irrigation Revenue and Operating Income
$ in millions Revenue $148.1 +11% + North America revenue of $77.1 million decreased 7 percent $133.0 • Lower unit sales volume as demand remains tempered • Slightly lower average selling prices and lower sales of replacement parts • Unit sales volume breakdown by category: • Replacement 49%, Conver
Slide 7: Infrastructure – Current Market Factors
Infrastructure – Current Market Factors + Infrastructure Investment and Jobs Act (IIJA) funding includes $110 billion in incremental federal funding for roads, bridges, and other transportation projects + Inflation on material prices and labor costs have offset some of the impact of incremental fund
Slide 8: Infrastructure Revenue and Operating Income
$ in millions Revenue $38.9 +110% + Revenue of $38.9 million increased 110 percent $18.5 • Completion of a large Road Zipper System project valued at over $20 million • Lower Road Zipper System lease revenue • Lower sales of road safety products FY24 FY25 Operating Income + Operating income of $13.3
Slide 9: Ample Liquidity to Execute Capital Allocation Priorities
Ample Liquidity to Execute Capital Allocation Priorities Current No Near-Term Substantial Room to Liquidity Debt Maturities add Leverage $237M $115M 1.0x Available liquidity Total Debt Gross Debt to EBITDA leverage Matures in 2030 9 © 2025 Lindsay Corporation
Slide 10: Capital Allocation Priorities
Capital Allocation Priorities Support Growth • Working capital to support sales growth and Profitability of • New product development Current Businesses • Capacity and productivity investments • Align with strategic growth priorities Acquisitions • Leverage or add to existing capabilities • Deliver
Slide 11: Innovation Leadership: Addressing Global Megatrends
Innovation Leadership: Addressing Global Megatrends Megatrends Innovation Leadership Innovative sustainable Land Food Security Water Scarcity Availability solutions for growers across the globe Capitalizing on global Mobilizing global megatrends Aging Increased populations safely Mobility Safety Inf
Slide 12: Strong Commitment to Sustainable Practices
Strong Commitment to Sustainable Practices Our mission is to conserve natural resources, expand our world’s potential, and enhance the quality of life for people. Investing in Improving our Empowering and Engaging in Operating sustainable operational protecting our our local with technologies footpr
Slide 13: Appendix
Appendix 13 © 2025 Lindsay Corporation
Slide 14: U.S. Corn Prices
U.S. Corn Prices USD/BU 14 © 2025 Lindsay Corporation Source: Trading Economics
Slide 15: U.S. Soybean Prices
U.S. Soybean Prices USD/BU 15 © 2025 Lindsay Corporation Source: Trading Economics
Slide 16: Soybean Cash Price Index – Brazil
Soybean Cash Price Index – Brazil R$/bag 2023 2024 2025 16 Source:Cepea © 2025 Lindsay Corporation
Slide 17: Brazil Central Bank Interest Rate
Brazil Central Bank Interest Rate Percent 17 © 2025 Lindsay Corporation Source: Trading Economics| Banco Central do Brasil
Slide 18: United States Drought Condition
United States Drought Condition 2024 2025 Source: US Drought Monitor, March 2025 18 © 2025 Lindsay Corporation