Nordson Corporation · NASDAQ:NDSN
Nordson — Q3 2021 Earnings Presentation
13 slides from Nordson's earnings presentation, Aug 31, 2021
Slide 1: Third Quarter Fiscal 2021 Webcast
Third Quarter Fiscal 2021 Webcast August 31, 2021 NBS NEXT OWNER MINDSET WINNING TEAMS
Slide 2: Safe Harbor Statement
Safe Harbor Statement Click to edit title Under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by
Slide 3: Agenda
Agenda 3Q Fiscal 2021 Webcast – August 31, 2021 ▪ Third Quarter Highlights ▪ Sales Performance and Earnings Review ▪ Cash Flow and Balance Sheet ▪ Enterprise Performance Update, including NDC Technologies acquisition ▪ Updated Fiscal 2021 Full-Year Guidance ▪ Q&A Sundaram Nagarajan Joseph Kelley Lar
Slide 4: 3Q 2021 Highlights
3Q 2021 Highlights Record sales and Strong execution and NBS Next 1 operating profit growth driving record results during economic recovery Recovery continuing in 2 medical, electronics and industrial end markets Successfully managing 3 supply chain and labor constraints 4
Slide 5: Total Company – 3Q 2021
Total Company – 3Q 2021 3Q 2021 Sales Bridge $647 Record Quarterly Sales Results $(20) $20 ▪ Reported sales increased 20%; excluding divestiture, sales increase would have been 24% $538 ▪ Organic growth increased 20% $109 ▪ Robust growth in all end markets, including seasonal increase into electroni
Slide 6: Industrial Precision Solutions
Industrial Precision Solutions 3Q 2021 IPS Sales Bridge $65 $14 $345 Sales ▪ 20% sales increase $(23) $289 ▪ 22% record organic growth; 5% currency gains; (8)% divestiture ▪ Sustained growth in hot melt adhesive and industrial coatings product lines 3Q 2020 Acquisitions/ 3Q 2021 Divestitures Operati
Slide 7: Advanced Technology Solutions
Advanced Technology Solutions 3Q 2021 ATS Sales Bridge Sales ▪ Sales increased 21% ▪ 18% organic growth; 2% currency gains; 1% acquisitive growth ▪ Double-digit growth in all product lines, particular strength in electronics, medical and industrial end markets 3Q 2020 Acquisitions/ 3Q 2021 Divestitu
Slide 8: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet Strong Cash Flow with Sufficient Liquidity to Invest in Strategic Initiatives Free Cash Flow Net Debt ▪ 83% conversion on net income ▪ Cash totaled $174 million ▪ $30 million pension contribution in the third quarter ▪ Net debt was $647 million ▪ Board approved 31% increa
Slide 9: NDC Technologies Acquisition Highlights
NDC Technologies Acquisition Highlights Differentiated technology expands Opportunity to leverage NBS Next and Progress on Ascend Strategy to achieve top-tier test and inspection capabilities invest in growth opportunities growth with leading margins and returns • Adds proprietary technology with •
Slide 10: Full-Year Fiscal 2021 Guidance
Full-Year Fiscal 2021 Guidance 2021 Sales Guidance $2,354 - $2,376 Raising Guidance for Fiscal 2021 $2,194 Updated Fiscal 2021 Guidance $2,121 ▪ Sales growth of ~11% to 12% ▪ Earnings per diluted share in the range of $7.75 to $7.95; growth of ~41% to 45% 2019 2020 2021 ▪ Strong backlog and strength
Slide 11: Questions?
Questions? NBS NEXT OWNER MINDSET WINNING TEAMS
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Operating Profit and EBITDA (Dollars in thousands) 12
Slide 13: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Profitability (Dollars in thousands) 13