Slide 1: Teleflex Incorporated Q4 and Year-End 2007 Financial Results
Teleflex Incorporated Q4 and Year-End 2007 Financial Results February 29, 2008 Exhibit 99.1
Slide 2: Forward-Looking Statements/Additional Notes
Forward-Looking Statements/Additional Notes This presentation and our discussion contain forward-looking information and statements including, but not limited to, such matters as business strategies, market trends, future financial performance, forecast of diluted earnings per share, forecast of cas
Slide 3: Conference Call Logistics
Conference Call Logistics The release, accompanying slides, and replay webcast available online at www.teleflex.com (click on "Investors") Telephone replay available by dialing 888-286-8010 or for international calls, 617-801-6888, pass code number 30859245
Slide 4: Jeff Black, Chairman and Chief Executive Officer
Jeff Black Chairman and Chief Executive Officer
Slide 5: Full Year 2007 Summary
Full Year 2007 Summary Redefined portfolio for greater consistency, improved margins, sustainable growth Created over $1.5 billion medical technology business with Arrow acquisition Divested ~$860 million Auto and Industrial business Gain on sale, net of tax of approximately $108 million Utilized ne
Slide 6: Earnings per Share Excluding Special Charges from Continuing Operations
Earnings per Share Excluding Special Charges from Continuing Operations $3.70 - $3.90 21% Growth 14% - 20% Growth 16% Growth Note: GAAP Earnings (Loss) per Share are as follows for the applicable periods: 2006: $2.40 2007: ($1.08) 2008: $3.03 - $3.30
Slide 7: Teleflex Fourth Quarter Objectives
Teleflex Fourth Quarter Objectives Complete automotive and industrial business divestiture Utilize net proceeds from acquisition to pay-down debt Execute on Arrow International integration activities Accelerate regulatory compliance program to respond to Arrow FDA corporate warning letter Realize be
Slide 8: Fourth Quarter Summary
Fourth Quarter Summary Continuing operations deliver solid results Gross Margins improve 450 bps over prior year Operating margins before special charges of 14.4%, up 100 bps Medical adjusted segment operating margins exceed 19% Aerospace segment operating margins return to 12% range Commercial segm
Slide 9: Fourth Quarter Business Dynamics
Fourth Quarter Business Dynamics Teleflex Medical Teleflex Commercial Teleflex Aerospace Medical Sales up on acquisitions; Arrow growth of 6% International markets lead sales growth Strong surgical device sales in North America, decline in alternate site sales Asia, Canada, Latin America - sales up
Slide 10: Kevin Gordon, Executive Vice President and Chief Financial Officer
Kevin Gordon Executive Vice President and Chief Financial Officer
Slide 11: Three Month Summary from Continuing Operations
Three Month Summary from Continuing Operations
Slide 12: Three Month Summary from Continuing Operations
Three Month Summary from Continuing Operations Note: Q4'07 (Gains)/Losses and other charges includes write-off of $3.4m financing costs, net of tax
Slide 13: Full Year Summary from Continuing Operations
Full Year Summary from Continuing Operations
Slide 14: Full Year Summary from Continuing Operations
Full Year Summary from Continuing Operations Note: FY'07 (Gains)/Losses and other charges includes write-off of $3.4m financing costs, net of tax
Slide 15: Cash Flow From Continuing Operations
Cash Flow From Continuing Operations ($ Millions) Note: Free Cash Flow defined as Cash Flow from Operations less Capital Expenditures and Dividends 43% Growth 67% Growth Capital Expenditures - $40.8 million; Dividends - $44.1 million Capital Expenditures - $44.7 million; Dividends - $48.9 million
Slide 16: Net Debt Trend
Net Debt Trend ($ Millions) Pre-Arrow Acquisition Post-Arrow Acquisition Post- Auto/Industrial Divestiture
Slide 17: Medical Segment FY'07 vs. FY'06 Commentary
Medical Segment FY'07 vs. FY'06 Commentary European Markets Anesthesia & urology sales lead growth Favorable currency impact North American Markets Acquisitions drive growth Q4 core growth impacted by negative comparison with 2006 which had one additional week Decline in alternate site product lines
Slide 18: Aerospace Segment FY'07 vs. FY'06 Commentary
Aerospace Segment FY'07 vs. FY'06 Commentary Repair Products and Services: Phase out of lower margin product lines Impact of a customer insourcing Restructuring/cost savings create margin improvement Cargo Handling: Acquisition adds $11M to Q4 revenues Delivered more wide body cargo systems Increase
Slide 19: Commercial Segment FY'07 vs. FY'06 Commentary
Commercial Segment FY'07 vs. FY'06 Commentary Continuing Commercial Businesses: Marine aftermarket and international sales strength Marine cost controls, pricing, and currency improve profitability Marine profit improvement in Q4 Loss in power systems Rigging services growth due to acquisition Margi
Slide 20: 2008 Outlook
Low High Earnings per share from continuing operations including special charges $3.03 $3.30 Addback special charges1 $0.67 $0.60 Earnings per share from continuing operations before special charges $3.70 14% Growth $3.90 20% Growth 2008 Outlook Revenues of over $2.4 billion Overall segment operatin
Slide 21: Jeff Black, Chairman and Chief Executive Officer
Jeff Black Chairman and Chief Executive Officer
Slide 22: 2008 Objectives
2008 Objectives Teleflex Medical Teleflex Commercial Teleflex Aerospace Execute Arrow integration plans and achieve synergies Invest for core growth Medical R&D initiatives Engineering for new aircraft platforms New technologies Acquire to enhance product offerings Deliver strong cash flow and conti
Slide 23: Question and Answer Session
Question and Answer Session Teleflex
Slide 24: Appendices
Appendices Teleflex
Slide 25: Appendix A - Capital Structure
Appendix A - Capital Structure
Slide 26: Appendix B - QTD Reconciliation of Medical Operating Profit and Margins
Appendix B - QTD Reconciliation of Medical Operating Profit and Margins
Slide 27: Appendix C - YTD Reconciliation of Medical Operating Profit and Margins
Appendix C - YTD Reconciliation of Medical Operating Profit and Margins
Slide 28: Appendix D - 2007 vs. 2006 Special Charge Income Statement Classification Summary
Appendix D - 2007 vs. 2006 Special Charge Income Statement Classification Summary