Federal Signal Corporation · NYSE:FSS
Federal Signal — Investor Presentation (May 2011)
23 slides from Federal Signal's investor presentation, May 16, 2011
Slide 1: Investor Presentation May 2011
Investor Presentation May 2011
Slide 2: Forward-Looking Language
2 Forward-Looking Language FORWARD-LOOKING LANGUAGE This presentation contains various forward-looking statements as of the date hereof and the Company undertakes no obligation to update these statements regardless of new developments or otherwise. Statements in this presentation that are not histor
Slide 3: Headlines
3 Headlines New CEO: Dennis Martin 80/20 Focus Experience in Diversified Manufacturing Organizations Focus on Cash Flow and Margin Improvement in All Business Units Order Trends Improving Across Businesses Recent Partnerships (Pierce, Kapsch) Leverage Strong Brands & Technology Leading Market Shares
Slide 4: Business Overview
4 Business Overview
Slide 5: Federal Signal Overview
5 Federal Signal Overview Products and services enhance the safety, security and well-being of communities and workplaces around the world Leading global designer and manufacturer of products and total solutions that serve municipal, industrial and international government customers Operates four se
Slide 6: Product Overview
6 Product Overview ESG Fire Rescue SSG FSTech Products End- Market Mix Geo- graphic Mix 2010 Revenue Street sweepers Truck-mounted sewer cleaners and hydro excavators Industrial vacuum trucks Water blasters Aerial lift platforms for fire and rescue Access platforms Vehicle lights and sirens Indoor a
Slide 7: Environmental Solutions Group (ESG)
7 Environmental Solutions Group (ESG) Leading manufacturer and supplier of a full range of street sweeper and vacuum trucks and high- performance waterblasting equipment for municipal and industrial customers New products including hydro-excavation, glycol recovery and surface cleaning Sale of parts
Slide 8: Environmental Solutions Group (ESG) Products and Brands
8 Environmental Solutions Group (ESG) Products and Brands Market Position Competitors Street Sweepers #1 NA & SA in street sweepers Alamo / Schwarze Stewart AmosTymco Sewer Cleaners:Combination CleanersCatch Basin CleanersJetting Units #1 NA in truck mounted sewer cleaners Vacall /Safejet GapVaxVac
Slide 9: Safety and Security Systems Group (SSG)
9 Safety and Security Systems Group (SSG) Segment Overview Backlog and Orders Sales by Product Leading manufacturer and supplier of comprehensive systems and products that law enforcement, fire rescue, emergency medical services, campuses, military facilities and industrial sites use to protect peop
Slide 10: Safety and Security Systems Group Products and Brands
10 #2 WW vehicular lights and sirens Products and Brands Safety and Security Systems Group (SSG) Competitors Market Position #1 WW mining electrical safety products (connectors & couplers) #1 NA and #2 WW outdoor mass warning and notification systems Public Safety Systems Industrial Warning Systems
Slide 11: Fire Rescue Group (Bronto)
11 Fire Rescue Group (Bronto) Segment Overview Backlog and Orders Sales by Product Leading manufacturer and supplier of sophisticated, vehicle-mounted, aerial platforms for fire fighting, rescue, electric utility and industrial uses The group manufactures in Finland and sells globally under the Bron
Slide 12: Fire Rescue Group (Bronto) Products and Brands
12 Fire and rescue platforms Truck-mounted aerial platforms Fire fighting and rescue equipment end markets #1 Aerial lift platforms > 80 meters for fire and rescue Products and Brands Market Position Competitors Access platforms Truck-mounted access platforms #1 Access truck mounts for height > 40 m
Slide 13: Federal Signal Technologies Group (FSTech)
13 Federal Signal Technologies Group (FSTech) Segment Overview Backlog Sales by Market Segment Provider of technologies and solutions to the intelligent transportation systems and public safety markets and other applications Products and solutions provide end users with the tools needed to automate
Slide 14: Brands, Products & Applications: FSTech
14 Brands, Products & Applications Federal Signal Technologies Group (FSTech) Shared Competencies & Leadership Automated License Plate Recognition (ALPR) Transportation, public safety Acquired in 2007 Electronic tolling, electronic vehicle registration Parking, supply chain Acquired in 2010 Transact
Slide 15: Financial Summary
Financial Summary “Advancing security and well-being.
Slide 16: Financial Headlines
16 Financial Headlines Order Trends Improving Across Businesses Increased Backlog Provides Base for H2 Revenue Growth Q1 Order Backlog = $258MM, vs. $217MM at 12/31/10 Margin Improvement will come from Favorable Product Mix and 80/20 Projects Higher-Margin Industrial Businesses Growing Faster than M
Slide 17: Margin Drivers
17 Margin Drivers ESG: Continue Growth of Jetstream and Guzzler (Favorable Margin Product Mix) 80/20 Projects Improve Margin & Cash Flow for Elgin & Vactor Bronto: Leverage Pierce Agreement to Drive U.S. Growth Continue Growth in China Margin Improvement Results from Plant Reconfiguration SSG: Conti
Slide 18: Margin Targets
18 Margin Targets 3-Year Target for FSS = 10%-12% Operating Margin Note: Historical Data exclude Restructuring and Impairment Charges
Slide 19: Balance Sheet
19 Balance Sheet Amended Debt Agreements during Q1 In Compliance with all Revised Debt Covenants at 3/31/2011 Total Net Debt at 3/31/2011 = $235MM Revolving Credit Facility = $191MM drawn Private Placement Notes = $37MM Foreign Bank Debt = $7MM Revolving Credit Facility Matures April 2012 ; Bulk of
Slide 20: Summary: Headlines
20 Summary: Headlines New CEO: Dennis Martin 80/20 Focus Experience in Diversified Manufacturing Organizations Focus on Cash Flow and Margin Improvement in All Business Units Order Trends Improving Across Businesses Recent Partnerships (Pierce, Kapsch) Leverage Strong Brands & Technology Leading Mar
Slide 21: Appendix
21 Appendix
Slide 22: Municipal End Markets Drivers
Municipal End Markets Drivers 22 Annual Percentage Change in State General Fund Spending by Fiscal Year Quarterly Percentage Change in Total State Tax Revenue (CHART) Source: The National Association of State Budget Officers as of Mar-2011
Slide 23: Consolidated Recent Financial Performance
23 Consolidated Recent Financial Performance