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Q2 2015 Business Review – Kadant Inc.

Kadant Inc. · Aug 14, 2015 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2015 Business Review – Kadant Inc. – slide 1
    Second Quarter 2015 Business Review Jonathan W. Painter, President & CEO Michael J. McKenney, Senior Vice President & CFO
  2. Q2 2015 Business Review – Kadant Inc. – slide 2
    Jonathan W. Painter President & CEO BUSINESS REVIEW 4 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  3. Q2 2015 Business Review – Kadant Inc. – slide 3
    Q2 2015 Financial Highlights ( Millions, except per share amounts) Q2 2015 Q2 2014 % CHANGE EXCL. FX Revenue 98.3 104.8 6.2% 1.9% Gross Margin 46.5% 43.0% n.m. n.m. Net Income1 8.5 7.9 7.7% 20.5% Adjusted EBITDA1, 2 15.6 15.4 1.4%…
  4. Q2 2015 Business Review – Kadant Inc. – slide 4
    FX Translation and Acquisition Impact Parts & Consumables Parts & Consumables Q2 2015, in millions except EPS Revenue Adjusted EPS4 Bookings Revenue Bookings As Reported 98.3 0.78 93.7 65.3 62.4 Growth1 6.2% 5.4% 18.5% 3.7% 6.1%…
  5. Q2 2015 Business Review – Kadant Inc. – slide 5
    Bookings and Revenues US (millions) 120 100 80 60 Bookings Revenues 40 20 0 7 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  6. Q2 2015 Business Review – Kadant Inc. – slide 6
    Parts and Consumables Bookings and Revenues US (millions) 70 60 50 40 Bookings 30 Revenues 20 10 0 8 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  7. Q2 2015 Business Review – Kadant Inc. – slide 7
    REGIONAL PERFORMANCE 9 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  8. Q2 2015 Business Review – Kadant Inc. – slide 8
    North America Bookings and Revenues US (millions) 80 70 60 50 40 Bookings Revenues 30 20 10 0 10 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  9. Q2 2015 Business Review – Kadant Inc. – slide 9
    Europe Bookings and Revenues US (millions) 30 25 20 15 Bookings Revenues 10 5 0 11 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  10. Q2 2015 Business Review – Kadant Inc. – slide 10
    Asia Bookings and Revenues US (millions) Excludes the Middle East and Russia. 35 30 25 20 Bookings 15 Revenues 10 5 0 12 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  11. Q2 2015 Business Review – Kadant Inc. – slide 11
    RestofWorld Bookings and Revenues US (millions) 18 16 14 12 10 Bookings 8 Revenues 6 4 2 0 13 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  12. Q2 2015 Business Review – Kadant Inc. – slide 12
    Guidance for Continuing Operations Q3 2015 GAAP diluted EPS of 0.70 to 0.72 Q3 2015 revenues of 95 to 97 million FY 2015 GAAP diluted EPS of 3.05 to 3.11 FY 2015 revenues of 395 to 400 million 14 KAI 2Q15 Business ReviewAugust…
  13. Q2 2015 Business Review – Kadant Inc. – slide 13
    Michael J. McKenney Senior Vice President & Chief Financial Officer FINANCIAL REVIEW 15 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  14. Q2 2015 Business Review – Kadant Inc. – slide 14
    Quarterly Gross Margins 50% 48.6% 48.1% 48% 47.6% 47.3% 46.5% 46% 45.7% 45.6% 45.2% 44.7% 44.7% 43.7% 43.9% 43.9% 44% 43.4% 43.0% 43.0% 42.7% 42% 40% 38.6% 38% 36% 16 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant…
  15. Q2 2015 Business Review – Kadant Inc. – slide 15
    Quarterly SG&A SG&A SG&A as a % of Revenues 40 45% 30 40% 20 35% 10 30% 0 25% 17 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  16. Q2 2015 Business Review – Kadant Inc. – slide 16
    2Q14 to 2Q15 Diluted EPS from Continuing Operations 1.25 0.03 0.02 0.01 (0.23) 1.00 0.23 0.76 0.75 0.70 0.50 0.25 0.00 18 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc. All rights reserved.
  17. Q2 2015 Business Review – Kadant Inc. – slide 17
    Cash Flow ( Millions) 2Q15 2Q14 Income from Continuing Operations 8.5 8.0 Depreciation and Amortization 2.8 2.8 StockBased Compensation 1.7 1.4 Other Items 0.1 0.1 Change in Current Assets & Liabilities 1.1 (3.3) Cash Provided by…
  18. Q2 2015 Business Review – Kadant Inc. – slide 18
    Key Working Capital Metrics 2Q15 1Q15 2Q14 Days in Receivables 57 63 61 Days in Inventory 107 109 92 Days in Payables 49 50 44 Days in Receivables Days in Inventory Days in Payables 120 107 100 109 92 80 61 60 63…
  19. Q2 2015 Business Review – Kadant Inc. – slide 19
    Working Capital and Cash Conversion Days 2Q15 1Q15 2Q14 Working Capital % LTM Revenues* 15.8% 15.4% 15.7% Cash Conversion Days** 115 days 122 days 109 days *Working Capital is defined as current assets less current liabilities,…
  20. Q2 2015 Business Review – Kadant Inc. – slide 20
    Cash and Debt ( Millions) 2Q15 1Q15 2Q14 Cash, cash equivalents, and restricted cash 48.6 43.2 37.7 Debt (28.5) (30.7) (28.2) Net Cash 20.1 12.5 9.5 60 58.7 51.8 47.7 48.5 50 41.5 40.0 40 35.4 30.7 30.9 30.1 30…
  21. Q2 2015 Business Review – Kadant Inc. – slide 21
    Leverage Ratio Debt/EBITDA * 1.00 0.75 0.50 0.37 0.25 0.00 * Calculated by adding or subtracting certain items, as required by our Credit Facility, from Adjusted EBITDA. Under our new Credit Facility entered…
  22. Q2 2015 Business Review – Kadant Inc. – slide 22
    Questions & Answers To ask a question, please call 8777036107 within the U.S. or +18572447306 outside the U.S. and reference 83375884. Please mute the audio on your computer. 24 KAI 2Q15 Business ReviewAugust 6, 2015 2015…
  23. Q2 2015 Business Review – Kadant Inc. – slide 23
    Q2 2015 Key TakeAways Solid quarter in revenue, operating income, EPS Parts and consumables revenue remains strong 2015 expected to be an excellent year with record EPS 25 KAI 2Q15 Business ReviewAugust 6, 2015 2015 Kadant Inc.…

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