Parker-hannifin Corporation · NYSE:PH
Parker-hannifin — Q4 FY2009 Earnings Presentation
15 slides from Parker-hannifin's earnings presentation, Jul 30, 2009
Slide 1: Quarterly Earnings Release 4th Quarter & Total FY2009
Parker Hannifin Corporation Quarterly Earnings Release 4th Quarter & Total FY2009 July 30, 2009 Exhibit 99.2 Forward-Looking Statements Forward-Looking Statements: Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the
Slide 2: Financial Highlights: Diluted Earnings per Share
Financial Highlights Diluted Earnings per Share 4 Quarter and Total Year th $5.53 $3.13 $.31 $1.47 $.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 Q4 FY09 Q4 FY08
Slide 3: Financial Highlights: Sales
Financial Highlights Sales 4 Quarter and Total Year th Dollars in millions % Change % Change Sales As reported 2,211 $ (33.9)% 3,347 $ 10,309 $ (15.1)% 12,146 $ Acquisitions 2.7 % 4.5 % Currency (153) (4.6)% (491) (4.1)% Adjusted Sales 2,275 $ (32.0)% 10,261 $ (15.5)% 4th Quarter Total Year
Slide 4: Segment Reporting: Industrial North America
Segment Reporting Industrial North America Dollars in millions % Change % Change Sales As reported $ (33.3)% 1,166 $ 3,735 $ (12.1)% 4,250 $ Acquisitions 2.6 % 6.4 % Currency (12) (1.1)% (51) (1.2)% Adjusted Sales $ (34.8)% 3,515 $ (17.3)% Operating Margin As reported $ $ $ $ % of Sales 6.9 % 14.0 %
Slide 5: Segment Reporting: Industrial International
Segment Reporting Industrial International Dollars in millions % Change % Change Sales As reported $ (42.6)% 1,382 $ 3,896 $ (22.2)% 5,006 $ Acquisitions 4.2 % 5.0 % Currency (124) (8.9)% (386) (7.7)% Adjusted Sales $ (37.9)% 4,032 $ (19.5)% Operating Margin As reported (6) $ $ $ $ % of Sales (0.7)%
Slide 6: Segment Reporting: Aerospace
Segment Reporting Aerospace Dollars in millions % Change % Change Sales As reported $ (11.5)% $ 1,883 $ 2.5 % 1,838 $ Acquisitions 1.0 % Currency (6) (1.1)% (18) (1.0)% Adjusted Sales $ (10.4)% 1,883 $ 2.5 % Operating Margin As reported $ $ $ $ % of Sales 13.0 % 14.3 % 13.9 % 13.6 % 4th Quarter Tota
Slide 7: Segment Reporting: Climate & Industrial Controls
Segment Reporting Climate & Industrial Controls Dollars in millions % Change % Change Sales As reported $ (34.6)% $ $ (24.4)% 1,051 $ Acquisitions Currency (11) (3.8)% (36) (3.4)% Adjusted Sales $ (30.8)% $ (21.0)% Operating Margin As reported $ $ (4) $ $ % of Sales 0.5 % 7.0 % (0.5)% 5.7 % 4th Quar
Slide 8: Parker Order Rates
Parker Order Rates Excludes Acquisitions & Currency 3-month year-over-year comparisons of total dollars, except Aerospace Aerospace is calculated using a 12-month moving average JUN MAR JUN MAR Total Parker 38 % - 34 % - 8 % + 9 % + Industrial North America 40 % - 35 % - 4 % + 2 % + Industrial Inter
Slide 9: Strong Cash Flow
Strong Cash Flow Cash from Operating Activities 4 Quarter Total Year th $1,317 $1,129 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 $1,100 $1,200 $1,300 $1,400 $1,500 18.7% Q4 $413M
Slide 10: Financial Leverage
Financial Leverage 35.2% Debt to Debt Equity (33.3% net Debt) Debt to Debt Equity 35.2% 16.0% 18.0% 20.0% 22.0% 24.0% 26.0% 28.0% 30.0% 32.0% 34.0% 36.0% 38.0% 40.0% 42.0% FY09 YTD
Slide 11: FY 2010 Earnings Outlook Assumptions
FY 2010 Earnings Outlook Assumptions Segment Sales & Operating Margins FY 2010 Sales change versus FY 2009 Industrial North America (6.7)% -- (11.5)% Industrial International (11.7)% -- (16.2)% Aerospace (5.7)% -- (6.6)% Climate & Industrial Controls (10.1)% -- (13.1)% FY 2010 Operating margin perce
Slide 12: Questions & Answers...
Questions & Answers...
Slide 13: Appendix
Appendix Income Statements 4 Quarter FY2009 Total Year FY2009 th
Slide 14: Income Statement – Quarter
Income Statement – 4 Quarter th Dollars in millions % of Sales % of Sales Net Sales 2,211.0 $ 100.0 3,346.8 $ 100.0 Cost of sales 1,814.1 82.0 2,575.4 77.0 Gross profit 396.9 18.0 771.4 23.0 S, G & A 302.5 13.6 373.1 11.1 Interest expense 25.3 1.2 25.0 .7 Other expense (income), net 4.8 .2 18.4 .6 I
Slide 15: Income Statement – Total Year
Income Statement – Total Year Dollars in millions % of Sales % of Sales Net Sales $10,309.0 100.0 100.0 Cost of sales 8,181.3 79.4 9,339.1 76.9 Gross profit 2,127.7 20.6 2,806.5 23.1 S, G & A 1,290.4 12.5 1,364.1 11.2 Interest expense 112.1 1.1 99.0 .8 Other expense (income), net 43.8 .4 16.9 .1 Inc