Astec Industries, Inc. · NASDAQ:ASTE
Astec Industries — Investor Presentation (March 2013)
68 slides from Astec Industries's investor presentation, Mar 19, 2013
Slide 1: Astec Industries, Inc.
LEN stort INDUSTRIES,INC
Slide 2: Forward-Looking Statements
Forward-Looking Statements
Slide 3: Family of Companies – Financial Reporting
Family of Companies – Financial Reporting
Slide 4: Company Statistics as of December 31st 2012
3,860 Employees 18 Companies 20 Manufacturing Plants Plus 12 Sales/Service Facilities Company Statistics as of December 31st 2012
Slide 5: Facilities Located Around the World
Facilities Located Around the World 1 Belo Horizonte 1 Johannesburg Sumner Park 1 1 Hameln Tacoma Eugene Riverside Albuquerque 1 2 1 1 Yankton Sterling 1 Prairie du Chien 1 Thornbury Mequon 1 Solon 1 Loudon Chattanooga Orlando 1 7 1 1 Enid 1 1
Slide 6: 2.8 Million Sq. Ft. Under Roof
2.8 Million Sq. Ft. Under Roof (Office/Mfg.) Over 200 Products Products Delivered To All 50 States Products Delivered To Over 150 Countries Company Statistics as of December 31st 2012
Slide 7: Management Succession
Management Succession Present Future J. Don Brock Chairman, CEO Chairman W. Norman Smith President, COO Vice Chairman Benjamin G. Brock Group VP – Asphalt CEO, President Richard J. Dorris Group VP – Energy COO, EVP
Slide 8: Dividends
Dividends Acquisitions Still A High Priority Though Acquisitive, Excess Cash Has Been Generated Provide a Tangible Return of Value to Shareholders
Slide 9: Our Business Model
Our Business Model Operate Decentralized • Leverage Purchasing Power • Share Best Practices
Slide 10: Our Strategy
Our Strategy In good times, we invest and grow our facilities and equipment. Over the last six years we have invested $150,000,000 in new equipment and facilities.
Slide 11: Our Strategy
Our Strategy We have announced five acquisitions in the last six years.
Slide 12: Peterson Pacific, Corp.
Peterson Pacific, Corp. Eugene, OR • Whole Tree Chippers & Debarkers • 190 Employees
Slide 13: Dillman Equipment, Inc.
Dillman Equipment, Inc. Prairie du Chien, Wisconsin • Asphalt Plants • 100 Employees
Slide 14: Astec Australia, Pty Ltd.
Astec Australia, Pty Ltd. Brisbane, Australia • Represents 10 Astec Comp. in AU & NZ • 45 Employees
Slide 15: Astec Mobile Machinery GmbH
Astec Mobile Machinery GmbH Hameln, Germany • Sell Products for Roadtec & Carlson • 13 Employees
Slide 16: GEFCO, Inc.
GEFCO, Inc. Enid, OK • Oil Drilling & Water Well Drilling • 212 Employees
Slide 17: Historical Highlights
2006 2004 2005 2006 2007 Historical Highlights Adjusted to reflect continuing operations and unusual items (in Millions, except for percentage and EPS data) FY FY FY FY 2008 2009 2010 2011 2012 Net Sales $891 $698 $737 $908 $936 Growth% 9% -27% 5% 23% 3% GM% 23.7% 21.0% 23.7% 23.2% 22.1% Net Income
Slide 18: Revenues
Revenues Inconsoae AND MINING ; ASTEC INDUSTRIES, INC. ASPHALT MOBILE ASPHALT PAVING
Slide 19: Divestitures
Divestitures [Q\ 28782 mousrmes, mc.
Slide 20: Astec Industries, Inc.
ASTEC INDUSTRIES, INC.
Slide 21: Consolidated Statements of Operations
Consolidated Statements of Operations (In thousands) (Unaudited) Twelve Months Ended December 31 2012 2011 Net sales $ 936,273 | $ 908,641 Cost of sales 729,334 698,149 Gross profit 206,939 210,492 Selling, general, administrative & engineering expenses 156,843 150,965 Asset impairment charge 5 2,17
Slide 22: Consolidated Balance Sheets
Consolidated Balance Sheets (In thousands) (Unaudited) Assets Current assets Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment, net Other assets Total assets Liabilities and equity Current liabilities Accounts payable - trad
Slide 23: Parts Sales
Parts Sales Adjusted to reflect continuing operations (In Millions) % of Year End Sales 183 165 186 220 21% 24% 25% 24% 26%
Slide 24: International Sales
International Sales Adjusted to reflect continuing operations (In Millions) 319 36% 252 36% 275 37% 365 40% % of Year End Sales
Slide 25: Backlog
Backlog Year-end Backlogs (In Millions)
Slide 26: Our End Markets: Infrastructure, Mining, Energy
Our End Markets Infrastructure Mining Energy
Slide 27: Industries Served: Infrastructure
__industries Served Infrastructure A A & & 2 s& ASTEC DILLMAN FROADTES trcoma washington USA Chattanooga Toensee USA Pai du Chien Wisconsin USA ‘Aoagerue New Men USA ChatanoogeTenenen USA ‘Chatanooga Tennessee USA ‘etn Sot Dn UA TELSMITH Fugen, Oregon USA. Mequon. Wisconsin USA
Slide 28: Industries Served: Infrastructure (continued)
/\Bti ‘Ontario, Canada ASTEC AGREGADOS & ‘Yankton, South Dakota USA Sterling, linols USA Solon, Ohio USA MINERACAO DO BRASIL Riverside, California USA ‘Minas Gerais, Brazil
Slide 29: Industries Served: Energy
__industries Served Energy BR A Ei A ASTEC —DILLMAN ‘Chattanooga Tennessee USA ASTEC UNDERGROUN Loudon, Tenness massg /S\ omits oA STEC. Pe tersol AUSTRALIA Brisbane, Australia Praia du Chien, Wisconsin USA
Slide 30: Infrastructure: Dam Project in Turkey
Infrastructure Dam Project in Turkey Telsmith/KPI-JCI Crushing plant consisting of two (2) lines with 450 mtph per line
Slide 31: Infrastructure: Tilcon Quarry – New Jersey
Infrastructure Tilcon Quarry – New Jersey Module Cone Crusher Station Three (3) cones combined 1,300 HP, fully automated
Slide 32: Infrastructure: Highly Portable Crushing Plant
Infrastructure Highly Portable Crushing Plant 500 Tons Per Hour Equipment consists of: Cone and Screen from JCI High-Frequency Screen from AMS Jaw Crusher and Screens from KPI
Slide 33: Infrastructure: Track Mounted Crusher
Infrastructure Track Mounted Crusher For Lower Volume Operations First built in 2001, now 40% of equipment sales for KPI Hand held remote control for all functions
Slide 34: Infrastructure: Relocatable Asphalt Plant
Infrastructure Relocatable Asphalt Plant
Slide 35: Infrastructure: New Plant Design for Australia
Infrastructure NEW PLANT DESIGN FOR AUSTRALIA TRANSPORT Gorgon natural gas project, largest in Australia will start producing mid-2014. One of the world’s largest natural gas projects. Very environmentally restrictive location.
Slide 36: Infrastructure: Training of Customer Technicians
Infrastructure Training of Customer Technicians
Slide 37: Infrastructure: Portable Concrete Plant
Infrastructure Portable Concrete Plant
Slide 38: Infrastructure: Recycling with Roadtec Milling Machine
Infrastructure Recycling Materials with Roadtec Milling Machine
Slide 39: Infrastructure: Roadtec Shuttle Buggy SB 2500e
Infrastructure Roadtec Shuttle Buggy SB 2500e Feeding Two Pavers
Slide 40: Infrastructure: Asphalt Paver RP-190
Infrastructure Asphalt Paver RP-190
Slide 41: Infrastructure: New Soil Stabilizer
Infrastructure NEW PRODUCT Soil Stabilizer used to mix lime with soil to improve stability
Slide 42: Mining: Modular Cone Crushing Station
Mining Modular Cone Crushing Station
Slide 43: Mining: Rockbreaker System
Mining Rockbreaker System Mining application in Africa
Slide 44: Mining: Osborn Rotary Coal Breaker Station
Mining Osborn Rotary Coal Breaker Station Angelo Coal Johannesburg, South Africa Unit Separates the coal from the aggregate before processing
Slide 45: Mining: Modular Jaw Crushing Station
Mining Modular Jaw Crushing Station High calcium limestone mine that supplies the material for steel and power plant throughout the Great Lakes region.
Slide 46: Mining: Telsmith HP Cone Crusher in Gold Mine
Mining Telsmith 400 HP Cone Crusher and JCI Screen working in a gold mine in Mexico
Slide 47: Mining: Inclined Vibrating Screen
Mining Inclined Vibrating Screen at high calcium limestone mine in Upper Peninsula of Michigan.
Slide 48: Mining: Underground Morton Salt Facility
Mining Underground Morton Salt facility in Canada. Scaler works the roof and side walls scaling the surface for any loose material prior to allowing mine workers in the area...a must for safer mine operations.
Slide 49: Mining: New Portable K500 Cone Crusher
Mining NEW PRODUCT Portable K500 Cone Crusher
Slide 50: Energy: Portable Frac Water Heater
Energy Portable Frac Water Heater
Slide 51: Energy: Rotary Table Drilling Rig
Energy Rotary Table Drilling Rig
Slide 52: Energy: Rack and Pinion Rig
Energy – Keeping Energy Related Products Rack and Pinion Rig for Shallow or Deep Wells
Slide 53: Energy: Mobile Pump Unit
Energy – Keeping Energy Related Products Mobile Pump Unit for Purging After Fracking of Oil and Gas Wells
Slide 54: Energy: Mobile Drilling Unit
Energy Mobile Drilling Unit
Slide 55: Energy: Drilling of Geothermal Wells
Energy Drilling of Geothermal Wells
Slide 56: Energy: Chevron Oil Refinery in Angola
Energy Chevron Oil Refinery in Angola
Slide 57: Energy: Heater Used in Natural Gas Processing
Energy Heater Used in Natural Gas Processing
Slide 58: Energy: Industrial Water Heater
Energy Industrial Water Heater
Slide 59: Energy: Prototype Wood Pellet Plant
Energy Prototype Wood Pellet Plant 5 Tons Per Hour Capacity
Slide 60: Energy: Wood Pellets for European Power Plants
Energy Wood Pellets – Used by European power plants to meet Renewable Fuels Standards
Slide 61: Energy: Test Firing of Wood Burner
Energy Test Firing of Wood Burner
Slide 62: Energy: Land Clearing for a Pipeline
Energy -Land clearing for a pipeline- -Material used for boiler fuel-
Slide 63: Energy: Recycling Used Wood Pallets
Energy Recycling used wood pallets into animal bedding
Slide 64: Where We Are Today
Where We Are Today Infrastructure 60% Mining & Other 20% Energy 20% Domestic 61% International 39%
Slide 65: Next 3 to 5 Years – Product Mix
Infrastructure 40% Mining 30% Energy 30% Domestic 50% International 50% Next 3 to 5 Years – Product Mix
Slide 66: Objectives for 2013
Modest Growth Focus on Margin Improvement Increase Presence in Energy Sector Expand in Mining Sector Increase Sales Volume of New Products Grow International Business Continue to Increase Parts Sales Continue to be Acquisitive Objectives for 2013
Slide 67: Our Goal Over the Next Five Years
Our Goal Over the Next Five Years Grow Organically (on average) 10% per year Acquire Additional Companies 5% per year Equaling a Combined Growth of 15% per year Doubling Our Size Over the Next Five Years
Slide 68: Corporate Headquarters
Corporate Headquarters: 1725 Shepherd Road Chattanooga, Tennessee 37421 USA Tel. 423.899.5898 Fax 423.899.4456 www.astecindustries.com
Astec Industries — Investor Presentation (March 2013) on 6ix