Dentsply Sirona Inc. · NASDAQ:XRAY
Dentsply Sirona — DENTSPLY International — Q1 2014 Earnings Presentation
11 slides from Dentsply Sirona's earnings presentation, May 6, 2014
Slide 1: Investor Presentation Supplemental Materials
NASDAQ-XRAY Investor Presentation Supplemental Materials
Slide 2: First Quarter 2014 Earnings Call
DENTSPLY International, Inc. First Quarter 2014 Earnings Call May 6, 2014 2 NASDAQ-XRAY
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking information (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding future events or the future financial performance of the Company that involve substantial risks and uncertainties. Actual events or
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to the results reported in accordance with US GAAP, the Company provides adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share. The Company discloses adjusted net income attributable to DENTSPLY International
Slide 5: Q1 2014 Performance Summary
Q1 2014 Performance Summary Sales, ex PM, grew +2.5% Internal growth of +1.1% Adjusted operating margin expanded 150 bps to 17.7% EPS on an adjusted basis grew +13.5% to $0.59 5 NASDAQ-XRAY
Slide 6: Q1 2014 Internal Growth, Ex. PM
Q1 2014 Internal Growth, Ex. PM Consolidated internal growth: Q1 2014: +1.1% United States Europe Q1 2014: 33% of total Q1 2014: 47% of total Internal growth: +0.1% Internal growth: -1.3% Rest of World Q1 2014: 20% of total Internal growth: +8.9% 6 NASDAQ-XRAY
Slide 7: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Q1 2014 cash flow from operating activities of $65 million Depreciation of $21 million and amortization of $14 million Capital expenditures of $25 million Total debt of $1.47 billion; net debt of $1.41 billion Net debt*: 36% of total capitalization Leverage**:
Slide 8: 2014 Earnings Guidance
2014 Earnings Guidance 2014 adjusted earnings in the range of $2.47 to $2.55 per diluted share 8 NASDAQ-XRAY
Slide 9: Appendix
Appendix 9 NASDAQ-XRAY
Slide 10: Non-GAAP Reconciliation: Q1 2014
Non-GAAP Reconciliation: Q1 2014 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP THREE MONTHS ENDED THREE MONTHS ENDED Amortization of Acquisition Restructuring, Income Tax purchased Related Credit Risks & Related intangible Total Non-GAAP March 31, 2014 Activities Other
Slide 11: Non-GAAP Reconciliation: Q1 2013
Non-GAAP Reconciliation: Q1 2013 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP THREE MONTHS ENDED THREE MONTHS ENDED Acquisition Restructuring, Income Tax Amortization of Related Credit Risks & Related purchased Total Non-GAAP March 31, 2013 Activities Other Costs Adjus
DENTSPLY International — Q1 2014 Earnings Presentation on 6ix