Enovis Corporation · NYSE:ENOV
Enovis — Colfax — Investor Day (December 2013)
10 slides from Enovis's investor day presentation, Dec 17, 2013
Slide 1: Financial Update
FINANCIAL UPDATE SCOTT BRANNAN | SVP and CFO Journey Toward Excellence
Slide 2: 2014 Update
2 2014 UPDATE • Organic revenue growth of 1 - 3% • Excludes any accretion from future acquisitions • Includes $30 million additional adjusted operating profit from acquisitions • Includes $35 million restructuring benefit
Slide 3: 2014 Outlook Summary
3 (1) Excludes impact of restructuring charges. (See Non-GAAP Reconciliation included in this slide deck) 2014 OUTLOOK SUMMARY Revenue Range 2014 Total $4.500 billion To $4.625 billion EPS and Adjusted Net Income Range 2014 Net income per share $2.14 To $2.34 Adjusted net income $279 million To $307
Slide 4: 2014 Organic Growth Outlook
4 2014 ORGANIC GROWTH OUTLOOK 2014 Forecast Organic Growth Fluid Handling 2-4% Howden 4-6% Fabrication Technology (1)-2% Total Colfax 1-3% Note: Guidance as of 12/17/13
Slide 5: 2014 Rollforward
5 2014 ROLLFORWARD (in millions, except per share) Low High 2013 guidance - sales/ adjusted operating income 4,120$ 4,150$ 422$ 429$ 2013 acquisitions 330 350 40 45 2013 acquisitions - incremental amortization — — (10) (10) Projected before growth/ cost actions 4,450 4,500 452 464 Organic revenue at
Slide 6: Summary
6 SUMMARY • Continued improvement in low growth environment • CBS and restructuring keep us on target to met our margin goals • Improving financial position and revised credit facility position us for continued growth • Deliver 20% plus growth in adjusted EPS
Slide 7: Non-GAAP Disclaimer
7 NON-GAAP DISCLAIMER Colfax has provided financial information that has not been prepared in accordance with GAAP. These non-GAAP financial measures are projected adjusted net income, projected adjusted net income per share, adjusted operating income and organic sales growth (decline). Projected ad
Slide 8: Non-GAAP Reconciliation
8 NON-GAAP RECONCILIATION (unaudited) Projected net income per share - diluted $ 2.03 $ 2.28 Restructuring costs 0.43 0.43 Tax adjustment (0.06) (0.06) Projected adjusted net income per share - diluted $ 2.40 $ 2.65 2014 EPS Range Note: Guidance as of 12/17/13
Slide 9: Non-GAAP Reconciliation
9 NON-GAAP RECONCILIATION (unaudited) Corporate and Other Corporate and Other Net sales —$ —$ Operating income (loss) 64,135 12.5 % 52,124 10.4 % (13,461) 102,798 10.1 % 32,361 7.0 % 31,357 6.4 % (12,052) 51,666 5.4 % Charter acquisition-related expense — — — — — — — — Restructuring and other relate
Slide 10: Sales & Orders Growth
10 SALES & ORDERS GROWTH (unaudited) (1) Represents the incremental sales, orders and order backlog as a result of our acquisitions of Charter, Soldex, Co-Vent and Clarus. The impact related to the Charter Acquisition represents 12 days of activity for ESAB and Howden as the acquisition closed on Ja