Wesco International, Inc. · NYSE:WCC
Wesco International — Q2 2010 Earnings Presentation
9 slides from Wesco International's earnings presentation, Jul 22, 2010
Slide 1: Supplemental Financial Data WESCO Second Quarter 2010
Supplemental Financial Data WESCO Second Quarter 2010 July 22, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement Note: All statements made herein that are not historical facts should be considered as "forward- looking statements" within the meaning of the Private Securities Litigation Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may ca
Slide 3: Second Quarter 2010 Results: Outlook and Performance
Second Quarter 2010 Results Outlook Second Quarter 2010 Performance Second Quarter 2010 Performance Q2 sales forecasted to be up 2% to 4% from Q1 2010 Sales up 10% sequentially Q2 gross margins forecasted to be stable with Q1 levels of 19.8% Gross margin of 19.3%, down 50 basis points sequentially p
Slide 4: End Market Q2 2010 vs. Q2 2009 and Q1 2010
End Market Q2 2010 vs. Q2 2009 Q2 2010 vs. Q1 2010 Comments WESCO Consolidated 8.6% 9.6% All four end markets and all six major product categories grew sequentially Backlog up 7% year-over-year and sequentially Data communications product sales up 25%; 10 new branches opened in1st half; 8 planned in
Slide 5: WESCO Major Growth Initiatives
WESCO Major Growth Initiatives Fortune 1000 focus Sell all WESCO products and services Capture new customers and expand with current customers Achieve 100% customer renewal rate Global Accounts and Integrated Supply Electrical plus data communications Global Accounts model application to contractors
Slide 6: June 30, 2010 Key Financial Metrics
June 30, 2010 Key Financial Metrics June 30, 2010 Key Financial Metrics June 30, 2010 Key Financial Metrics June 30, 2010 Key Financial Metrics June 30, 2010 Key Financial Metrics 6/30/2010 12/31/2009 Liquidity1 $576 million $442 million YTD Free Cash Flow $63 million $279 million Financial Leverage
Slide 7: Convertible Debt GAAP vs. Non-GAAP Debt Reconciliation
Convertible Debt GAAP vs. Non-GAAP Debt Reconciliation Non-Cash Interest Expense Schedule ($millions) ($millions) ($millions) ($millions) ($millions) ($millions) ($millions) ($millions) 2025 Bond 2029 Bond Total 2010 $2.1 $2.1 $4.2 2011 $0.0 (1) $2.4 $2.4 2012 $0.0 (1) $2.7 $2.7 (1) Assumes the 2025
Slide 8: Convertible Debt and SARs/Options EPS Dilution
Convertible Debt and SARs/Options EPS Dilution Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Weighted Average Quarterly Share Count Stock Price Incremental Shares from Convertible Debt (in millions)3 Incremental Shares from SARs/
Slide 9: Q3 Outlook
Q3 Outlook Category Expectations Expectations Sales Expected to be sequentially flat to slightly higher (consistent with seasonality) Gross Margins Somewhat sequential improvement SG&A Expense Stable sequentially Operating Margins Somewhat higher than second quarter Tax Rate Full year effective tax