Eagle Materials Inc · NYSE:EXP
Eagle Materials — Q1 FY2007 Earnings Presentation
16 slides from Eagle Materials's earnings presentation, Jul 25, 2006
Slide 1: First Quarter Fiscal Year 2007 Earnings Release and Conference Call
Eagle Materials Inc. First Quarter Fiscal Year 2007 Earnings Release and Conference Call July 25, 2006 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified
Slide 3: Eagle Materials Results
Eagle Materials Results ($ millions, except per share data) First Quarter 2006 2007 Revenues $204.8 $260.0 27% Operating Earnings $54.6 $95.8 75% Earnings Per Share Basic $0.64 $1.17 83% Diluted $0.64 $1.16 81% 3
Slide 4: Cash Flow Information
Eagle Materials Cash Flow Information ($ Millions) First Quarter FY 2006 FY 2007 Operating Cash Flow* $54.9 $88.1 +60% Capex, net (16.2) (39.0) +140% Free Cash Flow $38.7 $49.1 Dividends Paid (5.5) (8.8) Purchase of Common Stock (36.5) - Net Proceeds from Debt 9.6 - Other 1.1 2.1 Increase in Cash $7
Slide 5: Net Debt vs. Capitalization
Eagle Materials Net Debt vs. Capitalization ($ Millions) Ratio 24% 17% $600 $518 $500 $465 $400 $300 $200 $145 $103 $100 $0 3/31/06 6/30/06 Net Debt Equity 5
Slide 6: Industry Highlights
Eagle Materials Industry Highlights Construction - YTD total value of construction put in place is up approximately 6% through May 2006 Wallboard - Single family starts are expected to fall back from the 2005 record high but new non-residential and repair and remodel construction is expected to subs
Slide 7: Wallboard Revenues
Wallboard Revenues ($ Millions) $147.7 $150 $104.8 $100 41% $50 + $0 Q1 2006 Q1 2007 7
Slide 8: Wallboard Operating Earnings
Wallboard Operating Earnings ($ Millions) $70 $64.0 $35 $27.9 % 3 0 +1 $0 Q1 2006 Q1 2007 8
Slide 9: Wallboard Quarterly Net Sales Price Trend
Wallboard Quarterly Net Sales Price Trend $/MSF $180 $168 $160 $155 $144 $140 $132 $119 $120 $115 $109 $100 $80 12/31/04 3/31/05 6/30/05 9/30/05 12/31/05 3/31/06 6/30/06 9
Slide 10: Cement Revenues
Cement Revenues ($ Millions)* $90 $88.8 $75.8 $45 7 % + 1 $0 Q1 2006 Q1 2007 * Proportionately includes interest in 50/50 Joint Ventures and intersegment sales. 10
Slide 11: Cement Operating Earnings
Cement Operating Earnings ($ Millions)* $30 $22.0 $16.0 $15 7% +3 $0 Q1 2006 Q1 2007 * Proportionately includes interest in 50/50 Joint Ventures. 11
Slide 12: Paperboard Results
Paperboard Results ($ Millions) First Quarter 2006 2007 Sales Volume (Tons) 73,000 77,000 +5% Revenues including intersegment $34.0 $34.7 +2% Operating Earnings $6.2 $5.3 -15% 12
Slide 13: Concrete and Aggregates Results
Concrete and Aggregates Results ($ Millions) First Quarter 2006 2007 Sales Volume: Concrete (cubic yards) 233,000 223,000 -4% Aggregates (tons) 1,572,000 1,299,000 -17% Revenues $22.9 $24.0 +5% Operating Earnings $3.5 $3.8 +9% 13
Slide 14: Guidance
Guidance ($ in millions, except per share data) FY 2007E FY 2006 Earnings Per Diluted Share: Second Quarter - September 30 $1.30 - $1.40 $0.80 Fiscal Year $4.40 - $4.70 $3.02 14
Slide 15: Question & Answer
Eagle Materials Inc. Question & Answer 15
Slide 16: Thank you for participating in today's conference call webcast
Eagle Materials Inc. Thank you for participating in today’s conference call webcast. An archive of this webcast will be available at http://www.eaglematerials.com later today. 16