Burnham Holdings, Inc. · OTC:BURCA
Burnham — Shareholder Meeting (April 2018)
16 slides from Burnham's shareholder meeting presentation, Apr 23, 2018
Slide 1: 2018 Stockholders Meeting Welcome
2018 Stockholders Meeting WELCOME April 23, 2018 OTC: BURCA
Slide 2: 2018 Stockholders Meeting - Doug Brossman, President & CEO
2018 Stockholders Meeting Doug Brossman President & CEO April 23, 2018 OTC: BURCA
Slide 3: Cautionary Statements
Cautionary Statements Statements in this presentation that are not historical are “forward-looking statements” and are subject to change. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially from those contemplated by th
Slide 4: Our Vision
Our Vision Our Vision • To be leaders in providing thermal solutions for residential, commercial, and industrial applications, through highly efficient, dependable products and services
Slide 5: 2017 Financial Performance
2017 Financial Performance 2017 Financial Highlights: Net Sales were $176.7 mm Gross Profit was $37.4 mm, or 21% of Sales Reported Net income was $1.0 mm (including a $6mm impairment charge & $2.2mm deferred tax revaluation) Dividends of $0.88 per share Year End Debt of $15 mm, supporting
Slide 6: BHI Subsidiary Companies
BHI Subsidiary Companies 74% of Revenue 26% of Revenue Residential Products Furnace/AC/Heat Commercial Boilers Vertical Integration Boiler Pumps Crown Boiler Thermo Products Bryan Steam Casting Solutions New Yorker Lancaster Metal Burnham Commercial Boiler Manufacturing Norwood US Boiler Thermal Sol
Slide 7: Residential Boiler Markets
Residential Boiler Markets US Residential Boiler Units (2004-2017) Winter HDD Accumulation - NA 500000 6000 400000 5000 300000 4000 15/16 200000 3000 16/17 100000 2000 17/18 0 1000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 0 Total Cast Iron Total Condensing Oct Nov Dec Ja
Slide 8: Furnace Brands
Furnace Brands • Oil Furnace Market Flat in 2017 • Thermo-Pride Sales Up $1mm • 5th consecutive year of Sales and Market Share Growth • Unit Sales up 9% in Flat Market • Success In Both Direct to Dealer and Distribution Channels • Consolidation in NC, New Lab Broadening Product Offerings and Sales C
Slide 9: Commercial Boiler Markets
Commercial Boiler Markets North American Commercial Boiler Market, 2003-2017 • Commercial Sales off 3.5% 100,000 • Condensing unit sales up 15% 80,000 • Strong Commercial Condensing 60,000 New Product Pipeline 40,000 • Improved Copper Product in 20,000 Pipeline 0 • Realignment of Engineering Team 20
Slide 10: Burnham Holdings HVAC Center
Burnham Holdings HVAC Center Thaddeus Stevens College of Technology Greiner Center Campus Contributing to the Industry and the Community
Slide 11: Our Vision
Our Vision Our Vision • To be leaders in providing thermal solutions for residential, commercial, and industrial applications, through highly efficient, dependable products and services
Slide 12: Q1 2018 Results
Q1 2018 Results First Quarter Results 2014 2015 2016 2017 2018 Net Sales ($mm) $35.7 $38.5 $33.2 $35.6 $40.8 Net Income ($mm) ($0.8) ($0.6) ($1.1) ($0.9) ($0.2) EPS ($0.17) ($0.13) ($0.25) ($0.19) ($0.05) Dividend/SH (Mar 2018) $0.21 $0.22 $0.22 $0.22 $0.22 • Net sales up $5.3mm, or 15%, representin
Slide 13: Questions
Questions
Slide 14: 2018 Stockholders Meeting
2018 Stockholders Meeting April 23, 2018 OTC: BURCA
Slide 15: Albert Morrison III: Congratulations on a Remarkable Career
Albert Morrison III • 39 Years as employee of Company • 24 years as President & CEO • 26 Years on Board of Directors • 16 years as Chairman • Burnham Sales when Al started with the Company were $34mm, since then: • 500% growth in Sales • $6.6 Billion in revenue • $240 mm in Profits • $126 mm in Divi
Slide 16: 2018 Stockholders Meeting Welcome
2018 Stockholders Meeting WELCOME April 23, 2018 OTC: BURCA