Transcat, Inc. · NASDAQ:TRNS
Transcat — Q1 FY2017 Earnings Presentation
12 slides from Transcat's earnings presentation, Jul 27, 2016
Slide 1: Q1 Financial Results Fiscal 2017
Q1 Financial Results Fiscal 2017 Lee D. Rudow President and CEO Michael J. Tschiderer Chief Financial Officer 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‐looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward‐looking state
Slide 3: First Quarter Execution
First Quarter Execution Record consolidated and Service segment revenue • Total revenue up 12% to $33.1 million • Service segment revenue of $17.2 million • 29th consecutive quarter of YOY revenue growth in Service segment • Distribution stabilization: macro challenges nearly offset by organic growt
Slide 4: Revenue
Revenue ($ in millions) 4% CAGR* Q1 Service Segment Consolidated – Annual $17.2 $123.6 $122.2 $125.6 $13.5 $112.3 $118.5 $40.7 $48.2 $51.8 $59.2 $62.8 $71.6 $70.3 $71.8 $63.0 $62.8 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distribution Segment • Tot
Slide 5: Operating Income and Margin
Operating Income and Margin ($ in millions) 4% CAGR* Q1 Service Segment Consolidated – Annual $6.7 $6.8 $6.7 $5.9 $6.3 $1.0 $2.4 $1.3 $3.7 $0.6 $4.2 $4.6 $4.6 $4.3 4.8% 6.1% $3.1 $2.1 $2.2 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distribution Segme
Slide 6: Adjusted EBITDA and Margin
Adjusted EBITDA* and Margin ($ in millions) 9% CAGR** Q1 Service Segment Consolidated – Annual $2.3 $11.7 $10.0 $10.3 $10.6 $1.4 $8.9 $3.1 $4.6 $6.1 $7.5 $8.5 13.6% $5.8 $5.4 $4.1 10.1% $3.1 $3.2 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distributio
Slide 7: Net Income
Net Income ($ in millions) Annual Net Income Quarterly Net Income $4.4 $4.0 $4.1 $0.8 $4.0 $3.7 $0.6 3.4% 3.4% 3.5% 3.3% 3.3% % of 2.0% 2.5% Revenue FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Q1 FY 2016 Q1 FY 2017 Diluted $0.08 $0.12 $0.49 $0.54 $0.57 $0.58 $0.62 EPS • First quarter net income u
Slide 8: Balance Sheet Supports Growth Strategy
Balance Sheet Supports Growth Strategy ($ in millions) Total Debt • Financial flexibility $27.3 – Strong cash generation and new $19.1 expanded credit facility $12.2 – Funded Q1 FY17 Excalibur $8.0 $7.6 acquisition with term note – $11.4 million available from credit FY 2013 FY 2014 FY 2015 FY 2016
Slide 9: FY 2017 Outlook
FY 2017 Outlook* • Reaffirm Double‐digit Service segment revenue growth − Incremental sales from recent acquisitions − Expect strong organic growth − Achieve sales and cost synergies to drive operating leverage and margin expansion − Remain selective and disciplined in acquisition approach • Continu
Slide 10: Upcoming Investor Relations Calendar
Upcoming Investor Relations Calendar Mid August Filing of Q1 FY 2017 Form 10‐Q August 30 IDEAS Midwest Investor Conference (Chicago) September 7 Annual Meeting of Shareholders (Rochester) Late October Q2 FY 2017 Financial Results November 1 Sidoti Emerging Growth Conference (NYC) 10
Slide 11: Supplemental Information
Supplemental Information 11
Slide 12: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in thousands) Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 TTM Service Operating Income (loss) $ 1,311 $ 2,379 $ 3,693 $ 4,155 $ 4,553 +Depreciation & Amortization 1,740 2,144 2,362 3,216 3,783 +Other (Expense) / Income (84) (141) (138) (64) (52) +Noncash Stock Comp 1