Burnham Holdings, Inc. · OTC:BURCA
Burnham — Shareholder Meeting (April 2016)
17 slides from Burnham's shareholder meeting presentation, Apr 25, 2016
Slide 1: 2016 Stockholders Meeting Welcome
2016 Stockholders Meeting WELCOME 2016 ANNUAL MEETING April 25, 2016 March, 2016 OTC: BURCA OTC: BURCA
Slide 2: Doug Brossman, President & CEO
2016 Stockholders Meeting Doug Brossman President & CEO 2016 ANNUAL MEETING April 25, 2016 March, 2016 OTC: BURCA OTC: BURCA
Slide 3: Cautionary Statements
Cautionary Statements Statements in this presentation that are not historical are “forward-looking statements” and are subject to change. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially from those contemplated by th
Slide 4: Our Vision and Principles
Our Vision and Principles Our Vision • To be leaders in providing thermal solutions for residential, commercial, and industrial applications, through highly efficient, dependable products and services Our Principles • Performance – Create shareholder value through industry leadership and operational
Slide 5: 2015 Financial Performance
2015 Financial Performance 2015 Financial Highlights: Net Sales were $190.5mm Continued Strong Gross Profit $44.3mm, or 23% of Sales Net income of $7.8mm, or $1.71 per share Dividends of $0.88/sh., 5% increase over 2014 Year End Debt of $13.5mm, well below 10 yr. average Solid Performance
Slide 6: Thermo-Products Residential Furnaces
Thermo-Products Residential Furnaces Price Quotes for Heating Oil (2006-2016) Oil Furnace Industry Units 2003-2015 Capturing Growth Through New Channels and Increased Market Share 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 7: Residential Boiler Markets
Residential Boiler Markets Residential Boiler Units (1981-2015) 500000 450000 400000 350000 300000 250000 200000 150000 100000 50000 0 Residential Market Base Year to Year Market Drivers • Installed Boiler Base approx. 10mm Units • Existing home sales in NE • Inevitable replacement cycle • Consumer
Slide 8: Growth Opportunities
Growth Opportunities Condensing Growth in Both Residential and Commercial Markets… US Residential Boiler Units (2003-2015) Commercial Boiler Unit(2002-2015) 500000 100000 450000 90000 400000 80000 . 350000 70000 300000 60000 250000 50000 200000 40000 150000 30000 100000 20000 50000 10000 0 0 2003 20
Slide 9: Product Development Investment
Product Development Investment USB Developing Sophisticated Product Development Lab in Lancaster Continued Product Innovation and Process Improvement is Key to Our Success
Slide 10: Product Development Investment
Product Development Investment Before After
Slide 11: Product Development Investment
Product Development Investment December 10, 2015 Opening Ceremony… Gary Hainley recognizes Ed Johann for his contributions.
Slide 12: Residential Products
Residential Products Non-Condensing Condensing X-C K2 Firetube
Slide 13: Manufacturing Innovation
Manufacturing Innovation Seeking Continuous Improvement to Safety, Quality and Productivity
Slide 14: US Boiler CPI Program PrIDE
US Boiler CPI Program “PrIDE” Mission: To provide excellent products and service to our customers and give USB a competitive advantage in the marketplace by continually improving our Safety, Quality, Delivery and Value Program Impacts • Support of long term success and industry leadership • Focu
Slide 15: Q1 2016 Results
Q1 2016 Results First Quarter Results 2014 2015 2016 Net Sales ($mm) $35.7 $38.5 $33.2 Net Income ($mm) ($0.8) ($0.6) ($1.1) EPS ($0.17) ($0.13) ($0.25) Dividend/SH $0.21 $0.22 $0.22
Slide 16: Questions
Questions 2016 ANNUAL MEETING March, 2016 OTC: BURCA
Slide 17: Stockholders Meeting
2016 Stockholders Meeting 2016 ANNUAL MEETING March, 2016 April 25, 2016 OTC: BURCA OTC: BURCA