Transcat, Inc. · NASDAQ:TRNS

Transcat — Q1 FY2017 Earnings Presentation

12 slides from Transcat's earnings presentation, Jul 27, 2016

  1. Slide 1: Q1 Financial Results Fiscal 2017

    Q1 Financial Results Fiscal 2017 Lee D. Rudow President and CEO Michael J. Tschiderer Chief Financial Officer 1

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward‐looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward‐looking state

  3. Slide 3: First Quarter Execution

    First Quarter Execution Record consolidated and Service segment revenue • Total revenue up 12% to $33.1 million • Service segment revenue of $17.2 million • 29th consecutive quarter of YOY revenue growth in Service segment • Distribution stabilization: macro challenges nearly offset by organic growt

  4. Slide 4: Revenue

    Revenue ($ in millions) 4% CAGR* Q1 Service Segment Consolidated – Annual $17.2 $123.6 $122.2 $125.6 $13.5 $112.3 $118.5 $40.7 $48.2 $51.8 $59.2 $62.8 $71.6 $70.3 $71.8 $63.0 $62.8 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distribution Segment • Tot

  5. Slide 5: Operating Income and Margin

    Operating Income and Margin ($ in millions) 4% CAGR* Q1 Service Segment Consolidated – Annual $6.7 $6.8 $6.7 $5.9 $6.3 $1.0 $2.4 $1.3 $3.7 $0.6 $4.2 $4.6 $4.6 $4.3 4.8% 6.1% $3.1 $2.1 $2.2 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distribution Segme

  6. Slide 6: Adjusted EBITDA and Margin

    Adjusted EBITDA* and Margin ($ in millions) 9% CAGR** Q1 Service Segment Consolidated – Annual $2.3 $11.7 $10.0 $10.3 $10.6 $1.4 $8.9 $3.1 $4.6 $6.1 $7.5 $8.5 13.6% $5.8 $5.4 $4.1 10.1% $3.1 $3.2 Q1 FY 2016 Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Service Distribution Q1 Distributio

  7. Slide 7: Net Income

    Net Income ($ in millions) Annual Net Income Quarterly Net Income $4.4 $4.0 $4.1 $0.8 $4.0 $3.7 $0.6 3.4% 3.4% 3.5% 3.3% 3.3% % of 2.0% 2.5% Revenue FY 2013 FY 2014 FY 2015 FY 2016 Q1 FY 2017 TTM Q1 FY 2016 Q1 FY 2017 Diluted $0.08 $0.12 $0.49 $0.54 $0.57 $0.58 $0.62 EPS • First quarter net income u

  8. Slide 8: Balance Sheet Supports Growth Strategy

    Balance Sheet Supports Growth Strategy ($ in millions) Total Debt • Financial flexibility $27.3 – Strong cash generation and new $19.1 expanded credit facility $12.2 – Funded Q1 FY17 Excalibur $8.0 $7.6 acquisition with term note – $11.4 million available from credit FY 2013 FY 2014 FY 2015 FY 2016

  9. Slide 9: FY 2017 Outlook

    FY 2017 Outlook* • Reaffirm Double‐digit Service segment revenue growth − Incremental sales from recent acquisitions − Expect strong organic growth − Achieve sales and cost synergies to drive operating leverage and margin expansion − Remain selective and disciplined in acquisition approach • Continu

  10. Slide 10: Upcoming Investor Relations Calendar

    Upcoming Investor Relations Calendar Mid August Filing of Q1 FY 2017 Form 10‐Q August 30 IDEAS Midwest Investor Conference (Chicago) September 7 Annual Meeting of Shareholders (Rochester) Late October Q2 FY 2017 Financial Results November 1 Sidoti Emerging Growth Conference (NYC) 10

  11. Slide 11: Supplemental Information

    Supplemental Information 11

  12. Slide 12: Adjusted EBITDA Reconciliation

    Adjusted EBITDA Reconciliation ($ in thousands) Q1 FY 2017 FY 2013 FY 2014 FY 2015 FY 2016 TTM Service Operating Income (loss) $ 1,311 $ 2,379 $ 3,693 $ 4,155 $ 4,553 +Depreciation & Amortization 1,740 2,144 2,362 3,216 3,783 +Other (Expense) / Income (84) (141) (138) (64) (52) +Noncash Stock Comp 1

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