Ecolab Inc. · NYSE:ECL
Ecolab — Q1 2015 Earnings Presentation
8 slides from Ecolab's earnings presentation, Apr 28, 2015
Slide 1: Ecolab First Quarter 2015 Teleconference Supplemental Data
Ecolab First Quarter 2015 Teleconference Supplemental Data Please see Ecolab’s news release dated April 28, 2015 for additional information, including with respect to the use of certain non-GAAP financial measures, such as fixed currency sales, adjusted operating income, adjusted fixed currency oper
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding our future financial and bus
Slide 3: 1Q Overview
1Q Overview Earnings: Record adjusted EPS $0.80, +8% Record reported EPS $0.77, +24% Sales: Solid fixed currency growth Reported sales -1%; acquisition adjusted fixed currency sales +4% Institutional, Other and Industrial segments each improved over its fourth quarter and 2014 growth rates
Slide 4: 1Q 2015 Results
1Q 2015 Results First Quarter Ended March 31 (unaudited) Reported Adjusted* First Quarter % First Quarter % (Millions, except per share) 2015 2014 change 2015 2014 change Net Sales $3,297.6 $ 3,336.6 -1% $3,297.6 $ 3,336.6 -1% Operating Income 387.7 350.9 10% 396.1 386.5 2% Net Income Attributable t
Slide 5: 1Q 2015 Sales Growth Detail
1Q 2015 Sales Growth Detail Fixed Rate Acq./Div. Adj. Global Industrial % Change % Change Consolidated % Change Water 5% 3% Volume & mix 3% F&B 6% 4% Pricing 1% Paper 2% Subtotal 4% Textile Care 5% Acq./Div. 0% Total Global Industrial 5% 3% Fixed currency growth 4% Currency impact -5% Global Institu
Slide 6: 1Q 2015 Income Statement / Margins
1Q 2015 Income Statement / Margins ($ millions) 2015 % sales 2014 % sales % change Comments Gross Profit $1,532.3 46.5% $1,517.4 45.5% 1% Adjusted for special charges, the 2015 gross margin was 46.5% and 2014 was 45.7%. The 80 bps margin improvement in 2015 was the result of volume gains, pricing, d
Slide 7: 1Q 2015 Balance Sheet / Cash Flow
1Q 2015 Balance Sheet / Cash Flow Summary Balance Sheet March 31 March 31 ($ millions) 2015 2014 2015 2014 Cash and cash eq. $237.9 $300.3 Short-term debt $1,797.5 $1,507.4 Accounts receivable, net 2,546.9 2,519.6 Accounts payable 950.6 951.2 Inventories 1,503.0 1,367.1 Other current liabilities 1,3
Slide 8: Forecast
Forecast Sales Successfully manage low oil price environment • Exploit unsettled oil & gas markets to gain new business • Leverage consumer spending tailwinds Build on recent corporate account wins and sales team investments Leverage product innovation Continue to drive market share gains