Stewart & Stevenson — Investor Presentation (January 2008)
9 slides from Stewart & Stevenson's investor presentation, Jan 24, 2008
Slide 1: Financial Information
Financial Information [ ]% Oil & Gas 74 Other 26 Slice 6 Slice 7 Slice 8 Slice 9 Slice 10 Slice 11 Slice 12 Slice 13 Slice 14 Slice 15 Slice 16 $991 Million Revenue by End Market (9 Months 2007) EBITDA Margin Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 1
Slide 2: Equipment Revenue by Product
Equipment Revenue 9 Months 2007 Revenue by Product Well Stimulation and Coiled Tubing 0.42 Rigs 0.11 Seismic 0.05 Material Handling 0.08 Engines 0.08 Transmissions 0.06 Power Generation 0.09 Prime Movers 0.07 Other 0.04 Slice 9 Slice 10 Slice 11 Slice 12 Slice 13 Slice 14 Slice 15 Slice 16
Slide 3: Aftermarket Business
Aftermarket Business Aftermarket parts and services can equal as much as 75% of original equipment cost Facilities and resources are strategically located in major U.S. oilfield markets and hard to replicate: 800 highly trained service technicians Approximately 570 service bays, primarily located ne
Slide 4: Strategic Partnerships with OEMs
Strategic Partnerships with OEMs Average relationship with our seven key OEMs is 40 years long Approximately 61% of first nine months 2007 parts and service revenue from products sourced by seven key OEMs The only factory-authorized parts and service provider for a substantial portion of product off
Slide 5: Rental Business
Rental Business Industries served include oil and gas, power generation, construction, material handling, military and mining Over 1,300 rental units as of November 3, 2007 Operating margin of approximately 33% Rental Service Stack 4 Stack 5 Total Stack 9 Stack 10 Stack 11 Stack 12 Stack 13 Stack 14
Slide 6: Customer Base
Customer Base Over 2,000 active customers across all industries Top 10 customers historically represent 25% - 30% of total revenue No single customer accounts for more than 9% of total revenue Top Ten Customers: FY2006 vs 9 Months 2007
Slide 7: International Equipment Backlog
International Equipment Backlog China 0.16 Russia 0.25 Argentina 0.16 India 0.07 Canada 0.09 Mexico 0.06 Other 0.05 Slice 11 Slice 12 Slice 13 Slice 14 Slice 15 Slice 16 Q3 2007 International Backlog by Country International Backlog ($mm) Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column
Slide 8: Capital Expenditure Breakdown
Maintenance Growth Rental Equipment Total Stack 10 Stack 11 Stack 12 Stack 13 Stack 14 Stack 15 Stack 16 FY 2003 5.3 1.1 10.7 17.1 FY 2004 6 1.5 6 13.5 FY 2005 5.9 0.5 8.8 15.2 FY 2006 4.7 4.8 17.3 26.8 9 Months 2007 2 3.6 9.2 14.8 Capital Expenditure Breakdown
Slide 9: EBITDA Reconciliation
EBITDA Reconciliation (in millions) Nine Months Ended Nine Months Ended FY 2004 FY 2005 FY 2006 2006 2007 Net earning from continuing operations $ 6.3 $ 15.2 $ 41.5 $ 29.9 $ 72.1 Add: Interest expense, net 0.2 0.4 19.8 14.8 21.6 Income tax expense 0.5 10.3 0.7 0.1 6.1 Depreciation and amortization 1
Stewart & Stevenson — Investor Presentation (January 2008) on 6ix