Standex International Corporation · NYSE:SXI

Standex International — Q1 2013 Earnings Presentation

17 slides from Standex International's earnings presentation, Nov 1, 2012

  1. Slide 1: First Quarter Fiscal 2013 Conference Call

    Food Service Equipment Engraving Engineering Electronics Hydraulics Technologies First Quarter Fiscal 2013 Conference Call November 1, 2012

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Statements in this presentation include, or may be based upon, management's current expectations, estimates and/or projections about Standex's markets and industries. These statements are forward-looking statements within the meaning of The Private Securities Litigation Reform

  3. Slide 3: First Quarter 2013 Overview

    First Quarter 2013 Overview Strong sales growth coupled with improved profitability  Strong YOY sales growth in Q1  Q1 total sales up 15.1%  Organic sales +7.7%  Acquisitions +8.8%  FX impact of -1.3%  All five groups reported YOY sales growth  Four of five groups reported YOY operating incom

  4. Slide 4: Historical Financial Performance

    Historical Financial Performance Continued EPS Expansion $4.00 $700 $3.50 $680 $3.50 $3.39 $660 Major Restructuring $2.97 $640 $3.00 $620 $2.50 $2.41 $600 $580 $2.00 $560 $1.60 $540 $1.50 $1.32 $520 $1.00 $500 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Q1 TTM FY 13 Adjusted EPS Sales 4

  5. Slide 5: Quarterly Results

    Quarterly Results Q1 Q1 FY 2013 FY 2012 Delta Sales $ 183.386 $ 159.306 15.1% Operating Income $ 17.626 $ 16.114 9.4% Operating Income Margin 9.61% 10.12% -50 bps Operating Income excl Special Items $ 19.326 $ 16.636 16.2% Operating Income Margin % excl Special Items 10.54% 10.44% 10 bps EBITDA $ 21

  6. Slide 6: Quarterly Bridge

    Quarterly Bridge Net Income Q1 EPS Q1 Quarter Comparison Prior Year FY 13 FY 12 % Change FY 13 FY 12 % Change Net Income Continuing Operations $ 11,925 $ 11,820 0.9% $ 0.93 $ 0.93 0.0% Add: Restructuring (Tax Effected) $ 154 $ 342 $ 0.01 $ 0.03 Non-Cash Purchase Accounting $ 1,028 $ - $ 0.08 $ - Les

  7. Slide 7: New Working Capital

    New Working Capital Working Capital turns show improvement over time 7

  8. Slide 8: Cash Flow

    Cash Flow Q1 Q1 Free operating cash flow (continuing ops): FY2013 FY2012 Net cash provided by operating activities, as reported $ 9,509 $ (2,676) Less: Capital Expenditures (4,905) (2,258) Add: Voluntary Pension Contribution 3,250 - Free operating cash flow $ 7,854 $ (4,934) Net Income 11,925 11,820

  9. Slide 9: Debt Management

    Debt Management  Net Debt to Capital at 12.1% as of September 30, 2012  Includes July 1st acquisition of Meder Electronics  Capacity to fund organic initiatives, productivity improvements and bolt on acquisitions 9

  10. Slide 10: First Quarter FY 2013 Operational Segment Review

    First Quarter FY 2013 Operational Segment Review 10

  11. Slide 11: Food Service Equipment Group

    Food Service Equipment Group Δ% Q1'13 ('000s) $ YOY Revenues $ 109,323 4.9% Operating Income $ 13,348 7.6% OI Margin 12.2%  Strong sales growth at Refrigerated Solutions  Demand from quick serve restaurants, drug retail stores & dollar store segment  Rack refrigeration and value line products per

  12. Slide 12: Engraving Group

    Engraving Group Δ% Q1'13 ('000s) $ YOY Revenues $ 23,356 7.6% Operating Income $ 4,552 17.4% OI Margin 19.5%  Engraving up 14.2% on constant currency basis  Strong demand continues for mold texturizing business globally  Share gains driven by global infrastructure, technology and project manageme

  13. Slide 13: Engineering Technologies Group

    Engineering Technologies Group Δ% Q1'13 ('000s) $ YOY Revenues $ 15,730 7.5% Operating Income $ 1,693 -34.4% OI Margin 10.8%  Sales growth driven by aerospace, aviation and land-based turbine markets  Oil & Gas market expected to remain soft into third fiscal quarter  YOY operating income perform

  14. Slide 14: Electronics Group

    Electronics Group Δ% Q1'13 ('000s) $ YOY Revenues $ 27,839 138.1% Operating Income $ 3,088 45.2% OI Margin 11.1% Adjusted OI $ 4,548 213.9% Adjusted OI Margin 16.3%  Legacy Standex Electronics business up in high single digits with operating income up in double digits  Sales from new customer prog

  15. Slide 15: Hydraulics Group

    Hydraulics Group Δ% Q1'13 ('000s) $ YOY Revenues $ 7,138 0.9% Operating Income $ 971 43.6% OI Margin 13.6%  Decrease in demand in North American dump trailer market  Export sales weak  Success continues in penetrating refuse handling application market  Excellent operating income growth due to c

  16. Slide 16: Summary

    Summary  Solid performance in Q1 on both top and bottom lines  Organic growth initiatives across all segments contributed to sales and operating income  Meder demonstrates success of acquisition strategy; Business performing well and FY2013 accretion expectations revised upward  Balance sheet we

  17. Slide 17: Q & A Session

    Fr standex Q&A Session 17

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