Supplemental Slides Supplemental Slides Second Quarter Fiscal 2010 - - PowerPoint PPT Presentation
Supplemental Slides Supplemental Slides Second Quarter Fiscal 2010 Earnings Call Revenue Review: Q2 Fiscal 2010 Sales by Market Chemical Processing Sales 33% ($ in millions) Oil Refining 44% Power 1% $24.7 $24.8 $ $23.9 Oth Other
Sales
Chemical Processing 33%
Sales by Market
($ in millions)
$23.9 $24.7 $24.8
Oil Refining 44% Power 1% Oth I d t i l A li ti
$ $20.1
Other Industrial Applications 22%
U.S. / International Sales
$16.1
U.S. 50% Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10 International 50%
2
Sales
Chemical Processing 28%
Sales by Market
($ in millions)
$51.6
Oil Refining 45% Power N/A Oth I d t i l A li ti
$36.2
Other Industrial Applications 27%
U.S. / International Sales
U.S. 51%
FY2009 1H FY2010 1H
International 49%
3
($ in millions)
$69 7
($ in millions) Q2 FY10 backlog
Orders & Backlog
$69.7 $52.5 $48.3 $50.5
$17 5 $20 5 $29.6 $37.0 $17.5 $8.1 $20.5 $8.8
Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10
Orders Backlog
4
($ in millions) $75.7
Fiscal Year Comparison Order Trend Backlog Trend
$107 1 $54.2 $48.3 $37 0 $50.5 $66.2 $86.5 $107.1 $73.9 $67.0 $33.1 $37.0 FY 06 FY 07 FY 08 FY 09 Q1 FY10 Q2 FY10 FY 06 FY 07 FY 08 FY 09 Q2 FY10 TTM
5
($ in millions) $10.5
Gross Profit & Net Income
$3.8
SG&A
Restructuring i i i $ $5.9
43.9% 14.8%
$3.5 $3.2 $3.0 activities Q4 FY09 and Q2 FY10 $4.4 $1.9*
36.3% 14.8%
Q2 FY09 Q2 FY10 Gross profit Net income Q1 FY09 Q4 FY09 Q1 FY10 Q2 FY10
* Excludes a $467 thousand tax and interest
* FY 2010 tax rate (est.): 30% - 31%
Excludes a $467 thousand tax and interest adjustment related to R&D tax credits 6
($ in millions) $22 7
Gross Profit & Net Income
$14.8
SG&A
$22.7 $14.1
44.1% 14.8%
$14.3 $13.4 $10.1 $5.5*
39.0% 14.8%
$13.1 Q2 FY09 YTD Q2 FY10 YTD Gross profit Net income FY08 FY09 Q1 FY10 TTM Q2 FY10 TTM
* FY 2010 tax rate (est.): 30% - 31%
7 * Excludes a $467 thousand tax and interest adjustment related to R&D tax credits
120 120
Inventory Turnover (times) Cash Conversion
80 100 120 80 100 120 cle (Days) s)
14.8%
7.9 10.0 11.0 12.6 10.9
40 60 40 60 Cash Conversion Cyc Sales ($ millions
14.8%
5.7 7.9
20 20
FY2005 FY2006 FY2007 FY2008 FY2009 Q2 FY10 TTM
Sales Cash Conversion Cycle
FY2005 FY2006 FY2007 FY2008 FY2009 Q2FY10 TTM
Note: cash conversion cycle equals days sales outstanding plus days inventory on hand minus days payables outstanding 8
Strong Cash Position
$54.7
60
($ in millions)
Strong Cash Position
$36.8 $46.2
40 50
$15.1
20 30
$2.7 $11.0 $ 5
10
3/31/05 3/31/06 3/31/07 3/31/08 3/31/09 9/30/09
9