15 slides from Lgl Group, Inc. (the)'s earnings presentation, Aug 4, 2011
Slide 1: The LGL Group, Inc. Q2 2011 Earnings Report
The LGL Group, Inc. (AMEX: LGL) Q2 2011 Earnings Report August 4, 2011 10:30 a.m. Eastern
Slide 2: Safe Harbor Statement
Q2 2011 Earnings Report August 4, 2011 - 10:30 am Eastern Safe Harbor Statement This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to u
Slide 3: Agenda
Q2 2011 Earnings Report August 4, 2011 - 10:30 am Eastern Agenda Introduction Business Highlights Financial Highlights and Capital Structure Strategic Growth Initiatives Question and Answer -3-
Slide 4: Business Highlights
Business Highlights
Slide 5: Q2 2011 Business Highlights: Sales/Revenues
Q2 2011 Business Highlights Sales/Revenues Positive book to bill ratio for H1 and Q2 2011 Telecom market segment showing strong activity for new orders Demand from MISA market segment softer, although Avionics segment has shown improvement Order backlog at end of Q2 2011 of $12.1M, which is
Slide 6: Q2 2011 Business Highlights: Margins/Costs/Income/EPS
Q2 2011 Business Highlights Margins/Costs/Income/EPS Gross margin was 31.8% for Q2 2011, compared to Q2 2010 gross margin of 36.3%, driven primarily by a reduction in revenue, which eroded gross margin by spreading fixed infrastructure costs over a smaller revenue base Q2 2011 Pre-tax earnings o
Slide 7: Q2 2011 Business Highlights: Q3 and H2 2011 Outlook
Q2 2011 Business Highlights Q3 2011 and H2 2011 Outlook Cautious outlook regarding repeat orders Major (“OEMs”) reporting mixed market conditions Major electronic manufacturing service companies reporting mixed market conditions Semi-conductor industry still predicting growth in 2011, driven
Slide 8: Financial Highlights and Capital Structure
Financial Highlights and Capital Structure
Slide 9: Financial Outlook: Quarterly Income Statement Trends
Financial Outlook Quarterly Income Statement Trends Q2 2011 extends the trend to seven consecutive quarters of earnings Maintained gross margins of 31.8 % for Q2 2011 through management of variable costs and structural cost discipline in spite of reduced revenue levels -9-
Slide 10: Financial Outlook: Order Backlog
Financial Outlook Order Backlog ($000’s at quarter end) Modest decrease in order backlog is primarily due to reduced order activity from our existing customers in the MISA market segment, and extended order request dates that are greater than the twelve-month timeframe reflected in the order backl
Slide 11: Capital Structure
Capital Structure Capital Position as of June 30, 2011 Total assets: $ 31.4 million Net working capital: $ 19.3 million Cash and cash equivalents: $ 11.0 million Total debt (including current portion): $ 0.5 million Shareholders’ equity: $ 25.9 million Available lines of credit: $ 6.0 million • Work
Slide 12: Financial Summary: GAAP to Non-GAAP Reconciliations
Financial Summary GAAP to Non-GAAP Reconciliations Computation of Adjusted Working Capital: As of As of ($000's) 6/30/2011 12/31/2010 Accounts receviable, net $ 5,190 $ 5,782 Inventory, net 6,869 5,947 Accounts payable (2,880) (2,033) Adjusted working capital $ 9,179 $ 9,696 The Company uses non-GAA
Slide 13: Strategic Growth Initiatives
Strategic Growth Initiatives
Slide 14: Laying the Foundation for Profitable Growth
Capital Structure Laying the foundation Capital Position as of Septemberfor 30, profitable 2010 growth Management is actively pursuing the Company’s framework for growth: Total Assets: $ 19.9 million Net1.Working Organic investment into core business to leverage existing Capital: $ 10.9 customer mil
Slide 15: Question and Answer
Question and Answer Visit us: www.lglgroup.com www.mtronpti.com Contact us: Greg Anderson, President and CEO (E-mail: ganderson@lglgroup.com) LaDuane Clifton, Chief Accounting Officer (E-mail: lclifton@lglgroup.com) Voice: (407) 298-2000 - 15 -