Lindsay Corporation · NYSE:LNN
Lindsay — Q1 2022 Earnings Presentation
12 slides from Lindsay's earnings presentation, Jan 6, 2022
Slide 1: 1st Quarter Fiscal 2022 Earnings Slide Deck
1st Quarter Fiscal 2022 Earnings Slide Deck Exhibit 99.2
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: First Quarter Summary
First Quarter Summary Revenues increased $57.7 million compared to prior year Irrigation increased $58.6 million Infrastructure decreased $0.9 million Operating income increased $5.8 million compared to prior year Irrigation increased $6.6 million Infrastructure decreased $1.5 million Corporate expe
Slide 4: First Quarter Financial Summary
First Quarter Financial Summary
Slide 5: Current Market Factors
Current Market Factors As of November 2021, U.S. corn prices have increased 40 percent and soybean prices have increased 6 percent from a year ago. The increases resulted from lower crop production coupled with higher demand for exports to China. 2021 Net farm income is projected by the USDA to be $
Slide 6: Irrigation Segment
Irrigation Segment North America revenue increased $26.2 million Higher irrigation equipment unit sales volume Higher average selling prices International revenue increased $32.4 million Higher irrigation equipment unit sales volume in most international markets, led by Brazil, Middle East and Europ
Slide 7: Infrastructure Segment
Infrastructure Segment Total revenue decreased $0.9 million Lower Road Zipper System® sales Higher Road Zipper System® lease revenue Higher sales of road safety products Operating income decreased $1.5 million Lower revenues from Road Zipper projects Less favorable margin mix of revenues Higher raw
Slide 8: Innovation Leadership: Addressing Global Megatrends
Innovation Leadership: Addressing Global Megatrends Capitalizing on global megatrends Key Trends Food Security Water Scarcity Land Availability Mobility Safety Reducing Emissions Labor Savings
Slide 9: Strong Commitment to Sustainable Practices
Strong Commitment to Sustainable Practices Our mission is to provide solutions that conserve natural resources, enhance the quality of life for people, and expand our world’s potential. Investing in sustainable technologies Improving our operational footprint Empowering and protecting our people Eng
Slide 10: Summary Balance Sheet and Liquidity
Summary Balance Sheet and Liquidity As of November 30, 2021: Available liquidity of $164.9 million, with $114.9 million in cash, cash equivalents and marketable securities and $50.0 million available under revolving credit facility Total debt of $115.7 million, of which $115.0 million matures in 203
Slide 11: Summary of Cash Flow
Summary of Cash Flow ZALINDSAY" FY22 1 FY21 ($ in millions) Net earings $7.9 7.1 Depreciation / amortization $4.9 5.1 Other non-cash adjustments $5.6 4% Changes in assets and liabilities: Receivables ($17.8) 8.9 Inventories ($31.7) ($8.3): Other $6.9 10.9 Net cash (used in) provided by operations ($
Slide 12: Capital Allocation – A Balanced Approach
Capital Allocation – A Balanced Approach Allocation History Other includes debt repayments, net cash sources/uses from note receivables, net investment hedges, stock compensation and related tax benefits. Ending cash includes marketable securities Targeted cash balance of $60-75 million, including i