Stanley Black & Decker, Inc. · NYSE:SWK
Stanley Black & Decker — Investor Day (November 2024)
18 slides from Stanley Black & Decker's investor day presentation, Nov 20, 2024
Slide 1: Strategic Overview
Strategic Overview Don Allan President & CEO November 20, 2024
Slide 2: Cautionary Statement
Cautionary Statement This Presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All such statements other than statements of historical fact are “forward-look
Slide 3: Key Takeaways
Key Takeaways We’ve Created A More Focused Company And Through Our Transformation Established A Solid Foundation For Growth Since The Outset In 2022, We’ve Delivered Strong Execution Against Our Vision And Are Confident In Achieving The Remaining Margin & Cash Goals We’re Focused On Activating A Gro
Slide 4: Who You'll Hear From Today
Who You’ll Hear From Today DON ALLAN CHRIS NELSON President & CEO COO, EVP & President, Tools & Outdoor THOMAS EHRHARDT TAMER ABUAITA PATRICK HALLINAN President, Stanley Global Chief Supply EVP, CFO Engineered Fastening Chain Officer & President, Industrial 2024 Capital Markets Day 4
Slide 5: Transforming To Accelerate Organic Growth
Transforming To Accelerate Organic Growth Executing On Our Clear Vision And Strategy For Long-Term Success… Reduce Complexity – Invest In Core Growth Enhance ~$2B Savings By End Of ’25** $300M - $500M Shareholder Return OPTIMIZE MSD Organic Revenue* Innovation Corporate Structure Growth (2-3X Market
Slide 6: Solid Execution Against Our Operational Priorities Set In 2022
Solid Execution Against Our Operational Priorities Set In 2022 We Have Made Tangible Progress Against Our Strategy Despite Choppy Markets… 2019 2024 26% 30% 22% Trough >50% $2.6B $250M ~$2B '2H22 '23 '24E Pre-Pandemic To Today Of Top 70 Leaders Adj. Gross Margin* Service Levels Revenue Divested Rede
Slide 7: We Are Now A More Focused Company
We Are Now A More Focused Company Well-Positioned Businesses In Attractive Industries That Are Forecasted To Grow Over A Multi-Year Period Businesses Strategic Criteria Tools & Outdoor A Worldwide Leader In Tools & Outdoor Key Markets Markets With An Attractive Residential Growth Profile ~$13B+ Cons
Slide 8: Focused On Successful Completion Of The Transformation
Focused On Successful Completion Of The Transformation Building A Solid Foundation And Cultivating A Growth Culture: Operational Excellence | Share Growth | Balance Sheet Health Deliver Sustainable 35%+ Accelerate Our Organic Growth Engine Adjusted Gross Margins* Strategic Sourcing Pro-Focused Marke
Slide 9: What's Possible By 2027
What’s Possible By 2027 Restoring Earnings Power By Executing The Transformation We Launched In 2022… Adjusted EBITDA* Outlook % Of Sales ~$2.5B Mid-Teens% ~$1.5B To ~$1.6B LDD% $1.1B $0.9B MSD% MSD% 2Q23 LTM Trough FY23 FY24E FY27 Target** …With Room For Long-Term, Sustainable Growth Beyond 2027 20
Slide 10: We See Opportunity Beyond The Transformation
We See Opportunity Beyond The Transformation Focused On Delivering Sustainable Performance Long-Term Financial Goals Capital Deployment Priorities (Beyond 2027**) Current Focus Revenue Growth: MSD In A LSD Market • Fully Fund Transformation And Dividend Adj. Gross Margin*: >35% To 37% • Modest Portf
Slide 11: Developing Supply Chain That Delivers Competitive Advantage
Developing Supply Chain That Delivers Competitive Advantage An Engine For Future Margin Expansion Innovation Network Strategy Material Productivity Service Excellence And Agility Leadership Excellence Fast, Reliable And Cost And Cash Efficiency + Supply Chain Program + Supplier Of Choice Efficient I
Slide 12: Activating An Organic Growth Culture
Activating An Organic Growth Culture Starting From A Position Of Strength To Become A Share-Gaining, Sustainable Growth Company Rapid Market-Driven Innovation Growth Priorities Invest In Powerful Brands Design Partnership Focused On The Pro Continued Investment In Marketing, Field & Continued Global
Slide 13: Our Transformation Journey
Our Transformation Journey We’ve Made Significant Progress Over The Last 2 Years To Stabilize The Company And Set A Foundation For Future Growth More Delivering Building a Compelling Focused Company Strong Execution Growth Culture Shareholder Value Creation Opportunity 2024 Capital Markets Day 13
Slide 14: Key Takeaways
Key Takeaways We’ve Created A More Focused Company And Through Our Transformation Established A Solid Foundation For Growth Since The Outset In 2022, We’ve Delivered Strong Execution Against Our Vision And Are Confident In Achieving The Remaining Margin & Cash Goals We’re Focused On Activating A Gro
Slide 15: Appendix
Appendix StanleyBlack&Decker For those who make the world.
Slide 16: Reconciliation Of GAAP To Non-GAAP Measures
Reconciliation Of GAAP To Non-GAAP Measures This presentation may include the following Non-GAAP measures. Organic revenue or organic sales is defined as the difference between total current and prior year sales less the impact of companies acquired and divested in the past twelve months and any for
Slide 17: Reconciliation Of GAAP To Non-GAAP Measures
Reconciliation Of GAAP To Non-GAAP Measures 2H 2022 GAAP Non-GAAP Non-GAAP Gross Profit Adjustments Gross Profit $1,771.6 $1,793.6 $22.0 21.9% 22.1% 2023 GAAP Non-GAAP Non-GAAP Gross Profit Adjustments Gross Profit $3,932.6 $4,099.5 $166.9 24.9% 26.0% 2024 Capital Markets Day 17
Slide 18: Reconciliation Of GAAP To Non-GAAP Measures
Reconciliation Of GAAP To Non-GAAP Measures 2024 Capital Markets Day 18
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