Dentsply Sirona Inc. · NASDAQ:XRAY
Dentsply Sirona — DENTSPLY International — Q2 2013 Earnings Presentation
13 slides from Dentsply Sirona's earnings presentation, Aug 1, 2013
Slide 1: Investor Presentation Supplemental Materials
NASDAQ-XRAY Investor Presentation Supplemental Materials
Slide 2: Second Quarter 2013 Earnings Call
DENTSPLY International, Inc. Second Quarter 2013 Earnings Call August 1, 2013 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: Q2 2013 Performance Summary
Q2 2013 Performance Summary Revenue essentially flat for Q2 Sales excluding precious metals grew +2.5% Internal growth of +2.7% Adjusted gross margin of 58.4% up 20 bps sequentially, and 57 bps below a strong Q2’12 comparison Adjusted operating expense ratio improved 120 bps to 39.2% Adjusted operat
Slide 6: Q2 2013 Internal Growth, Ex. PM
Q2 2013 Internal Growth, Ex. PM Consolidated internal growth: +2.7% United States: 34% of Total Europe: 45% of Total Internal growth: +6.2% Internal growth: +1.0% Rest of World: 21% of Total Internal growth: +0.9% 6 NASDAQ-XRAY
Slide 7: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Q2’13 cash flow from operating activities of $97 million vs. $85 million in Q2’12 Depreciation of $21 million and amortization of $11 million Inventory days up 6 days sequentially to 116 days DSO’s of 59, flat vs. Q1 ’13, up 4 days vs. Q2 2012 Capital expenditu
Slide 8: 2013 Earnings Guidance
2013 Earnings Guidance 2013 adjusted earnings in the range of $2.33 to $2.38 per diluted share 8 NASDAQ-XRAY
Slide 9: Appendix
Appendix 9 NASDAQ-XRAY
Slide 10: Non-GAAP Reconciliation: Q2 2013
Non-GAAP Reconciliation: Q2 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 June 30, 2013 Activities Other Costs Adjust
Slide 11: Non-GAAP Reconciliation: 6M 2013
Non-GAAP Reconciliation: 6M 2013 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP SIX MONTHS ENDED SIX MONTHS ENDED Acquisition Restructuring, Income Tax Amortization on Related Credit Risks & Related purchased Total Non-GAAP June 30, 2013 Activities Other Costs Adjustment
Slide 12: Non-GAAP Reconciliation: Q2 2012
Non-GAAP Reconciliation: Q2 2012 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP THREE MONTHS ENDED THREE MONTHS ENDED Acquisition Restructuring, Income Tax Amortization of Related Ortho Continuity Related purchased Total Non-GAAP June 30, 2012 Activities & Other Costs Ad
Slide 13: Non-GAAP Reconciliation: 6M 2012
Non-GAAP Reconciliation: 6M 2012 DENTSPLY INTERNATIONAL INC. CONSOLIDATED STATEMENTS OF INCOME GAAP NON-GAAP SIX MONTHS ENDED SIX MONTHS ENDED Acquisition Restructuring, Income Tax Amortization on Related Ortho Continuity Related purchased Total Non-GAAP June 30, 2012 Activities & Other Costs Adjust
DENTSPLY International — Q2 2013 Earnings Presentation on 6ix