Ecolab Inc. · NYSE:ECL
Ecolab — Q2 2014 Earnings Presentation
8 slides from Ecolab's earnings presentation, Jul 29, 2014
Slide 1: Second Quarter 2014 Teleconference Supplemental Data
Ecolab Second Quarter 2014 Teleconference Supplemental Data Please see Ecolab’s news release dated July 29, 2014 for additional information, including with respect to the use of certain non-GAAP financial measures, such as fixed currency sales, adjusted operating income, adjusted fixed currency oper
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our future financial and bus
Slide 3: 2Q Overview
2Q Overview Earnings: Adjusted EPS +20% Record adjusted EPS $1.03, +20% Record reported EPS $1.02, +48% Sales: Solid growth Reported sales +7%, reflecting solid underlying organic sales gains and benefits of the Champion acquisition 5% acquisition adjusted fixed currency sales growth led
Slide 4: 2Q 2014 Results
2Q 2014 Results Second Quarter Ended June 30 (unaudited) Reported Adjusted* Second Quarter % Second Quarter % (Millions, except per share) 2014 2013 change 2014 2013 change Net Sales $3,568.2 $ 3,337.8 7% $3,568.2 $ 3,337.8 7% Operating Income 512.2 352.3 45% 507.2 441.1 15% Net Income Attributable
Slide 5: 2Q 2014 Sales Growth Detail
2Q 2014 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change Water 5% Volume & mix 4% F&B 3% Pricing 1% Paper 0% -1% Subtotal 5% Textile Care 1% M&A 3% Total Global Industrial 3% 3% Fixed currency growth 8% Currency impact -1% Global Institutional*
Slide 6: 2Q 2014 Income Statement / Margins
2Q 2014 Income Statement / Margins ($ millions) 2014 % sales 2013 % sales % change Comments Gross Profit $1,658.8 46.5% $1,527.6 45.8% 9% Adjusted for acquisitions and special charges, the 2014 fixed currency gross margin was 46.6% and 2013 was 46.0%. The 60 bp margin improvement in 2014 was the res
Slide 7: 2Q 2014 Balance Sheet / Cash Flow
2Q 2014 Balance Sheet / Cash Flow June 30 June 30 ($ millions) 2014 2013 2014 2013 Cash and cash eq. $187.0 $375.2 Short-term debt $1,589.7 $872.9 Accounts receivable, net 2,637.3 2,436.3 Accounts payable 1,004.5 912.0 Inventories 1,414.3 1,373.3 Other current liabilities 1,372.7 1,460.6 Other curre
Slide 8: Forecast
Forecast 3Q 2014 Sustained global focus on new business and innovation drive accelerated sales growth Continued integration and synergy delivery drive continued margin expansion Adjusted EPS +13% to 17% 2014 Continued great execution delivers 17% to 19% adjusted EPS growth • Maintain foc