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KeyBanc Basic Materials and Packaging Conference – Praxair, Inc

Praxair, Inc · Sep 2, 2015 · 16 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. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 1
    Praxair, Inc. Stephen F. Angel Chairman, President & Chief Executive Officer September 2, 2015
  2. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 2
    Stephen F. Angel Chairman, President & Chief Executive Officer Steve Angel is chairman, president and CEO of Praxair, Inc., a Fortune 250, 12.3 billion industrial gases company of 27,000 employees operating in over 50 countries. He…
  3. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 3
    Praxair Snapshot Praxair Differentiators Industrial Gases Diverse end-markets Critical to customer; small part of their cost Integrated supply model Local production and distribution Long-term contracts Select geographic…
  4. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 4
    Diverse End-Markets and the Gases We Supply Manufacturing Metals Energy Chemicals 25% 17% 13% 10% Cutting Steel production Refining Production Welding Stainless steel Natural gas fracking Coal gasification Glass Metal finishing /…
  5. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 5
    Advantages of Praxairs Integrated Supply Model CUSTOMERS High Low CONTRACTS On-Site Long-term: 15 20 years Pipeline Take-or-pay provisions ensure base return of Transactions / Contract Flexibility Cost pass-through…
  6. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 6
    Resilient Profitability Trends Praxair OP & EBITDA Margins as % of Sales* 11.9 12.3 11.3 11.2 10.8 10.1 9.0 33.2% 31.9% 32.2% 30.9% 31.2% 31.5% 30.7% 27.4% 22.3% 22.3% 22.4% 22.7% 21.4% 21.9% 21.0% 19.2% 2008 2009…
  7. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 7
    Strong Cash Flow Projections & Disciplined Capital Allocation Cash Flow Generation from Operations 25% of sales Asia South America North Cash Flow Distribution America Cash Flow Investment 11% of sales Europe 14% of sales…
  8. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 8
    Strong Operating Cash Flow Generation Free Cash Flow Returned to Shareholders (B) Dividend Net Share Repurchases Operating Cash Flow (OCF) 1.9 Capex Free Cash Flow (FCF) (1) 1.4 0.9 0.4 -0.1 1999 2002 2005 2008 2011 2014…
  9. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 9
    Sustaining a Competitive Advantage Strategy Technology Execution People Select Product line Safety High performers geographies advantage Operational Disciplined best footprint Lowest total cost discipline operators Core…
  10. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 10
    Appendix KeyBanc Basic Materials & Packaging Conference - Boston 09/02/2015 11
  11. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 11
    Backlog - 1.7B Capital Expenditures Europe 10% of backlog capex North America KuibyshevAzot JV 1,400 TPD ASU Yankuang Guohong 40% of backlog capex (2016) 3,000 TPD ASU (2015) Asia Antwerp 30% of backlog capex 1,300 TPD ASU…
  12. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 12
    Second Quarter Results Adj. YOY Q2 vs. Q1 First Second Second Sales Growth - 12% - 1% ( MM) Quarter Quarter Quarter 2015 2014 Volume - 2% -- 2015(1) Price + 1% -- Sales 2,738 2,757 3,113 Cost pass-thru - 2% -- Operating…
  13. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 13
    Select Cash Flow Items 2015 MM 2014 2013 2012 2011 2010 YTD EBITDA Cash Flow EBITDA (1) 1,825 3,958 3,804 3,537 3,512 3,130 Interest paid (2) n/a (174) (166) (153) (157) (123) Income taxes paid (3) n/a (606) (532) (277) (515)…
  14. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 14
    Historical Performance Revenues ( MM) EPS () 14,000 7.00 +13% CAGR over 21 years +8% CAGR over 21 years 12,000 6.00 10,000 5.00 8,000 4.00 6,000 3.00 4,000 2.00 2,000 1.00 0 0.00 1993 1996 1999 2002 2005 2008 2011 2014 1993…
  15. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 15
    Consistent Outperformance Strategic Focus Operating Margin* (% of sales) 22% Operational Excellence Praxair 14% 15% Disciplined Capital Allocation 9% Industry Average Return on Capital 1992 1996 2000 2004 2008 2011 2014 10…
  16. KeyBanc Basic Materials and Packaging Conference – Praxair, Inc – slide 16
    Sustainability Highlights KeyBanc Basic Materials & Packaging Conference - Boston 09/02/2015 17

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