S Supplemental Slides l t l Slid First Quarter Fiscal 2010 - - PowerPoint PPT Presentation

S l t l Slid Supplemental Slides

First Quarter Fiscal 2010 Earnings Call

Revenue Review: First Quarter Fiscal 2010

Sales

Chemical Processing 24%

Sales by Market

($ in millions)

$27.6

Oil Refining 46% Power N/A Oth I d t i l A li ti

$20.1

Other Industrial Applications 30%

U.S. / International Sales

U.S. 51%

Q1 FY2009 Q1 FY2010

International 49%

Orders and Backlog Review

($ in millions)

Orders & Backlog Review: First Quarter Fiscal 2010

$76.0 $69 7

($ in millions)

Q1 FY10 backlog includes $4.2 million in orders placed

Orders & Backlog

$69.7 $52.5 $48.3

p

• n hold and a

$0.2 million reinstated order

$27.8 $20 5 $37.0 $17.5 $8.1 $20.5 $8.8

Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10

Orders and Backlog Review

Orders & Backlog Review: First Quarter Fiscal 2010

($ in millions) $75.7

Fiscal Year Comparison Order Trend Backlog Trend

$107 1 $54.2 $48.3 $37 0 $66.2 $86.5 $107.1 $73.9 $54 9 $33.1 $37.0 $54.9

Q1 FY10 backlog includes

FY 06 FY 07 FY 08 FY 09 Q1 FY10 FY 06 FY 07 FY 08 FY 09 Q1 FY10 TTM

Q1 FY10 backlog includes $4.2 million in orders placed on hold and a $0.2 million reinstated order

O ti l R i Q t Operational Review: Quarter

Operational Review: First Quarter Fiscal 2010

($ in millions) $12.2

Gross Profit & Net Income

$3.8

SG&A

$12.2 $8.3 $5 7

44.2% 41.1% 14.8%

$3.5 $3.2 $5.7 $3.5

41.1% 14.8% 14.1% 14.4%

Restructuring began Q4 FY09 Q1 FY09 Q1 FY10 Gross profit Net income Q1 FY09 Q4 FY09 Q1 FY10

Q1 FY09 tax rate ~ 30.3% FY 2010 tax rate (est.): 30% - 31%

O ti l R i Operational Review

Strong Cash Position

Operational Review: Balance Sheet

$46.2 $45.3

($ in millions)

Strong Cash Position

$42.1 million invested in U.S. Treasury securities with maturities of $36.8 with maturities of 91 to 180 days and no bank debt $11 0 $15.1 $2.7 $11.0

FY2005 FY2006 FY2007 FY2008 FY2009 Q1 FY10

O ti l R i Operational Review

Operational Review: Managing Cash in the Downturn

120 120

Inventory Turnover (times) Cash Conversion

80 100 120 80 100 120 cle (Days) s)

14.8%

7.9 10.0 11.0 12.6 12.4

40 60 40 60 Cash Conversion Cyc Sales ($ millions

14.8%

5.7 7.9

20 20

FY2005 FY2006 FY2007 FY2008 FY2009 Q1 FY10 TTM

Sales Cash Conversion Cycle

FY2005 FY2006 FY2007 FY2008 FY2009 Q1FY10 TTM

Note: cash conversion cycle equals days sales outstanding plus days inventory on hand minus days payables outstanding