Dentsply Sirona Inc. · NASDAQ:XRAY
Dentsply Sirona — DENTSPLY International — Q1 2013 Earnings Presentation
11 slides from Dentsply Sirona's earnings presentation, May 9, 2013
Slide 1: Investor Presentation Supplemental Materials
NASDAQ-XRAY Investor Presentation Supplemental Materials
Slide 2: First Quarter 2013 Earnings Call
DENTSPLY International, Inc. First Quarter 2013 Earnings Call May 9, 2013 2 NASDAQ-XRAY
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements regarding future events or the future financial performance of the Company that involve substantial risks and uncertainties. Actual events or results may differ materially from those in the projections or other forward-
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. These adjusted amounts consist of US GAAP amounts excluding, net of tax (1) acqu
Slide 5: Q1 2013 Performance Summary
Q1 2013 Performance Summary Record revenue for Q1 despite two fewer selling days Sales excluding precious metals grew +1.1% Internal growth of 1.6% Adjusted gross margin of 58.2% up 190 bps sequentially, and 130 bps below exceptional Q1’12 comparison Adjusted operating expense ratio improved 50bps t
Slide 6: Q1 2013 Internal Growth, Ex. PM
Q1 2013 Internal Growth, Ex. PM Consolidated internal growth: +1.6% ~2 fewer shipping days United States: 34% of Total Europe: 46% of Total Internal growth: +1.9% Internal growth: +0.8% Rest of World: 20% of Total Internal growth: +2.9% 6 NASDAQ-XRAY
Slide 7: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Q1’13 cash flow from operating activities of $36 million vs. $20 million in Q1’12 Depreciation of $20 million and amortization of $12 million Inventory days up 4 days sequentially to 110 days DSO’s of 59, up 1 day vs. Q1 ’12 Capital expenditures of $24 million
Slide 8: 2013 Earnings Guidance
2013 Earnings Guidance 2013 adjusted earnings in the range of $ 2.33 to $2.43 per diluted share 8 NASDAQ-XRAY
Slide 9: Appendix
Appendix 9 NASDAQ-XRAY
Slide 10: 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 on Related Credit Risks & Related purchased Total Non-GAAP March 31, 2013 Activities Other Costs Adjus
Slide 11: Non-GAAP Reconciliation: Q1 2012
Non-GAAP Reconciliation: Q1 2012 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP THREE MONTHS ENDED THREE MONTHS ENDED Restructuring, Amortization of Acquisition Ortho Continuity, Income Tax purchased Related Credit Risks & Related intangible Total Non-GAAP March 31, 2012
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