Zurn Elkay Water Solutions Corporation · NYSE:ZWS
Zurn Elkay Water Solutions — Q1 2022 Earnings Presentation
10 slides from Zurn Elkay Water Solutions's earnings presentation, Apr 27, 2022
Slide 1: First Quarter 2022 Financial Results
First Quarter 2022 Financial Results April 27, 2022
Slide 2: Cautionary Statement Under the Private Securities Litigation Reform Act
CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include statements we make con
Slide 3: Performance Update
Performance Update Strategic Developments ▪ Announced planned merger with Elkay Manufacturing Company on February 14 ▪ Special shareholder meeting scheduled for May 26, 2022 ▪ Closing is on track for early 3Q ▪ Integration planning efforts are progressing as planned ▪ Published our 2021 Sustainabili
Slide 4: Connect your 500XL3
Innovation & specification driving sustainable share gains Superior Flow Rates Unrivaled reliability Low cost install 2-500XL3 3-500XL3 3-500XL3F ZCSM-RP Connect your (Remote Pressure) Monitor 500XL3 Establish trends, identify pressure issues and use advanced analytics to optimize system performance
Slide 5: A Powerful, Highly Complementary Combination
A Powerful, Highly Complementary Combination Market leader in Market leader in highly attractive sustainable water solutions and products commercial drinking water category Creates a North American Leader Adds Drinking Water to Zurn’s Offers Substantial Synergy in Commercial Water Solutions Portfoli
Slide 6: Recent Company Recognition
Recent Company Recognition 2022 Awards America’s Most Responsible Company 2022 Top Workplace 2022 USA 2021 Awards Recognized by Women on Boards for Board Gender Diversity Recognized by Milwaukee Women Inc for our Gender-Diverse Leadership Awarded Employer of the Year by STEM Forward Awarded America’
Slide 7: 1Q 2022 Results
1Q 2022 Results Consolidated Results: Excluding Corporate Costs: $ in millions 1Q 2022 1Q 2021 Change $ in millions 1Q 2022 1Q 2021 Change Net Sales $240 $205 17% Net Sales $240 $205 17% Growth from: Growth from: Core (1) 15% Core (1) 15% Acquisitions 2% Acquisitions 2% Adjusted EBITDA (1) $52 $44 1
Slide 8: Balance Sheet
Balance Sheet Net Debt Leverage Ratio (1) Total Debt ($ millions) 2.5x 1,500 1,192 1,149 1,118 2.1x 2.1x 1,000 2.0x 2.0x 2.0x 500 540 539 1.9x 0 1.5x Dec-19 Dec-20 Dec-21 Mar-21 Mar-22 Dec-19 Dec-20 Dec-21 Mar-21 Mar-22 (1) Net Debt Leverage is defined as the ratio of total debt less cash to pro for
Slide 9: Zurn Outlook
Zurn Outlook June Quarter (2Q) • Total sales to increase by a low to mid-teens percentage year over year • Adjusted EBITDA(1) margin in the 24.5% – 25.0% range (excludes corporate expenses)(2) • Corporate expense of ~$7 million • Interest expense of ~$5 million • Stock compensation expense of ~$4 mi
Slide 10: Thank You
Thank You
Zurn Elkay Water Solutions — Q1 2022 Earnings Presentation on 6ix