Stanley Black & Decker, Inc. · NYSE:SWK
Stanley Black & Decker — FY2021 Earnings Presentation
22 slides from Stanley Black & Decker's earnings presentation, Feb 1, 2022
Slide 1: Fourth Quarter And Full Year 2021 Overview
Fourth Quarter And Full Year 2021 Overview February 1, 2022
Slide 2: Participants
Participants Jim Loree CEO Don Allan President & CFO Dennis Lange VP, Investor Relations 4Q’21 OVERVIEW 2
Slide 3: Cautionary Statements
Cautionary Statements Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those Expected Or Implied. We Direct You To Th
Slide 4: 4Q & FY 2021 Key Messages
4Q & FY 2021 Key Messages Robust Customer Demand Drove Record Full Year Organic Growth* Of 17% & 30% Adjusted EPS* Expansion FY’21 Key Financials • Focused On Serving Robust Demand, Operational Execution, Integrating Acquisitions & Improving Free Cash Flow $15.6B Total Revenue • Successfully Impleme
Slide 5: Demand Remains Strong As We Enter 2022
Demand Remains Strong As We Enter 2022 Robust Demand Continues Into 2022… …Bolstered By Secular Trends & Growth Catalysts • Demand In Tools Remains Strong Reconnection With Home & Garden • Positive Housing & Repair/Remodel Fundamentals Innovation • Millennial Household Formation • Low Existing Inven
Slide 6: Growth In Outdoor
Growth In Outdoor Brand & Product Portfolio Positioned For Growth Improved 2022 Revenue & EPS Outlook Consolidating +$3B In Revenue | Adjusted EPS Contribution Ahead Of Expectations ~$1.40 ~$0.85 '22 Total Adjusted 2025 EPS Contribution Electrification & Autonomous Win With The Professional ’22 Tota
Slide 7: Positioning Supply Chain For Growth
Positioning Supply Chain For Growth Implementing Initiatives That Will Improve Throughput Beginning In The Second Quarter… Investing In Supply Chain Capacity, Efficiency & $1.8B Core Inventory Investment In 2021 To Resiliency To Serve Our Customers Support The Strong Demand Environment 2022 Actions
Slide 8: 4Q 2021 Segment Overview
4Q’21 Segment Overview Revenue • 4Q Organic Growth* (3%) • FY Organic Growth* +20% $3,372 • (5%) N.A., (4%) Europe, +7% EM • +16% N.A., +27% Europe, +40% EM $3,258 $12,817 $10,330 • (2%) PT, (6%) HTAS, +3% OPG • +20% PT, +17% HTAS, +40% OPG Tools & Storage +3% +24% • Pricing Contributed +5% | Volume
Slide 9: Cost & Actions Update
Cost & Actions Update Implemented 4Q Price Actions To Offset Inflation… $XMChain Environment Remain Dynamic… Inflation & Supply …Executing On Multiple Fronts To Support Margin Recovery $XXM Cost Headwinds Rapidly Accelerated During 2021 Robust Price Recovery Actions In Place FY’21 Headwind $1.5B Ann
Slide 10: 2022 Guidance
2022 Guidance Expect ~7-8% Organic Growth, GAAP EPS Of $10.10 - $10.70 And Adjusted EPS Of $12.00 To $12.50*... 2022 Outlook EPS* Assumptions At The Mid-Point Tools & Outdoor Industrial • Price To Exceed Carryover Organic: High Single Digits Organic: High-Single To Low- +$1.20 - $1.30 Organic Headwi
Slide 11: Summary
Summary Demand Remains Robust & Our Multi-Year Runway For Growth & Margin Expansion Is Compelling... Strong Record Of Performance Growth + Margin Expansion Driven By Our Vision & Purpose Diluted Adjusted EPS* To Be A Force For Good RECONNECTION +30% +15% - +19% $12.00 - $12.50 WITH HOME & GARDEN 1 C
Slide 12: Q&A Thank You
StanleyBlack&Decker Q&A THANK YOU
Slide 13: Appendix
StanleyBlack&Decker APPENDIX
Slide 14: FY 2021 Free Cash Flow*
FY 2021 Free Cash Flow* Invested In Inventory To Serve The Robust Demand Environment… QTD YTD 4Q'20 4Q'21 V$ 4Q'20 4Q'21 V$ Net Earnings from Continuing Operations $ 447 $ 292 $ (155) $ 1,186 $ 1,599 $ 413 Net Earnings from Discontinued Operations 21 37 16 49 89 40 Deprec / Amort 147 147 - 578 577 (
Slide 15: Global Presence
Global Presence Canada 4Q’21 YTD Organic (13%) 13% % SWK 4% 5% Europe 4Q’21 YTD Organic (9%) 20% Japan 4Q’21 YTD US 4Q’21 YTD % SWK 15% 17% Organic (12%) 17% Organic (4%) 13% % SWK 3% 3% % SWK 63% 60% Emg. Mkt 4Q’21 YTD Australia 4Q’21 YTD Organic 10% 35% Organic 13% 13% % SWK 13% 13% % SWK 2% 2% 4Q
Slide 16: 4Q 2021 Regional Revenue Breakout
4Q 2021 Regional Revenue Breakout Tools & Storage Industrial $3,372M $610M Emerging Other Markets Other Emerging 4% 18% 10% Markets 12% Europe 16% Europe N.America 15% 69% N.America 56% 4Q’21 OVERVIEW 16
Slide 17: Reconciliation Of GAAP To Non-GAAP Measures
Reconciliation Of GAAP To Non-GAAP Measures 4Q’21 OVERVIEW 17
Slide 18: Reconciliation Of GAAP To Non-GAAP Segment Profit
Reconciliation Of GAAP To Non-GAAP Segment Profit 4Q’21 OVERVIEW 18
Slide 19: Reconciliation Of GAAP To Non-GAAP Sales Growth
Reconciliation Of GAAP To Non-GAAP Sales Growth 4Q’21 OVERVIEW 19
Slide 20: Reconciliation of GAAP to Non-GAAP Sales Growth
Reconciliation of GAAP to Non-GAAP Sales Growth 4Q’21 OVERVIEW 20
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Organic sales growth, or organic growth, 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 foreign currency impacts divided by prior year sales. Operating profit is
Slide 22: Stanley Black & Decker
StanleyBlack&Decker
Stanley Black & Decker — FY2021 Earnings Presentation on 6ix