IDEX Investor Presentation
November 2022
Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures
SAFE HARBOR STATEMENT
This presentation contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements may relate to, among other things, the Company's full year 2022 outlook including expected organic sales growth, expected earnings per share and adjusted earnings per share, and the assumptions underlying these expectations, anticipated future acquisition behavior and capital deployment, availability of cash and financing alternatives, the intent to refinance or repay the 3.20% Senior Notes using the available borrowing capacity of the Revolving Facility, the anticipated timing of the closing of and the anticipated sources of funding for the Company's acquisition of Muon Group and the anticipated benefits of the Company's acquisitions, including the acquisitions of ABEL Pumps, L.P. and certain of its affiliates, Airtech, Nexsight, KZValve and Muon Group, and are indicated by words or phrases such as "anticipates," "estimates," "plans," "guidance," "expects," "projects," "forecasts," "should," "could," "will," "management believes," "the Company believes," "the Company intends" and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this presentation. The risks and uncertainties include, but are not limited to, the following: the impact of health epidemics and pandemics, including the COVID-19 pandemic, and the impact of related governmental actions, on the Company's ability to operate its business and facilities, on its customers, on supply chains and on the U.S. and global economy generally; economic and political consequences resulting from terrorist attacks and wars, including Russia's invasion of Ukraine and the global response to this invasion, which, along with the ongoing effects of the COVID-19 pandemic, could have an adverse impact on the Company's business by creating disruptions in the global supply chain and by potentially having an adverse impact on the global economy; levels of industrial activity and economic conditions in the U.S. and other countries around the world, including uncertainties in the financial markets; pricing pressures, including inflation and rising interest rates, and other competitive factors and levels of capital spending in certain industries, all of which could have a material impact on order rates and the Company's results; the Company's ability to make acquisitions and to integrate and operate acquired businesses on a profitable basis; the relationship of the U.S. dollar to other currencies and its impact on pricing and cost competitiveness; political and economic conditions in foreign countries in which the Company operates; developments with respect to trade policy and tariffs; interest rates; capacity utilization and the effect this has on costs; labor markets; supply chain backlogs, including risks affecting component availability, labor inefficiencies and freight logistical challenges; market conditions and material costs; risks related to environmental, social and corporate governance ("ESG") issues, including those related to climate change and sustainability; and developments with respect to contingencies, such as litigation and environmental matters. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Risk Factors" section included in the Company's most recent annual report on Form 10-K and the Company's subsequent quarterly reports filed with the Securities and Exchange Commission ("SEC") and the other risks discussed in the Company's filings with the SEC. The forward-looking statements included here are only made as of the date of this presentation, and management undertakes no obligation to publicly update them to reflect subsequent events or circumstances, except as may be required by law. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented here.
NON-GAAP MEASURES
The Company uses certain non-GAAP measures in discussing the Company's performance. The reconciliation of those measures to the most comparable GAAP measures is detailed in IDEX's Form 10-K for 2021, which is available at www.idexcorp.com.
IDEX Proprietary & Confidential | 2 |
IDEX Corporation Overview
$2.8 BILLION SUPPLIER of highly engineered industrial and technology solutions for mission critical niches
Differentiated style of competition and unique operating approach that create defensible competitive "moats" and superior performance
Our objective is to provide consistent
DOUBLE-DIGITEARNINGS GROWTH and STRONG CASH FLOW with SUPERIOR RETURN on invested capital
2021 Revenue
$2.8B
2021 Adjusted
EBITDA%
27.7%
2021 Free Cash Flow
~$500M
Employees
~7,500
IDEX Proprietary & Confidential | 3 |
Our History
IDEX operates 90+ locations globally in highly diverse markets and industries
Expand
Fire & Safety
Presence
Original Flagship | Expand Industrial |
Presence |
Acquisition based holding company
Global Leader in
Fire & Safety
Create Sealing | |||
Purchase | Platform | ||
of Ag | |||
Flagship | |||
Optics Acquisitions | Segmentation | ||
Establish Energy / | Water/ Industrial/H&S | & portfolio | |
Health & Science | Platform expansions | categorization | |
Presence |
Operating model
Global operating company, professionally managed; creation of growth platforms
240 | |
230 | |
220 | |
210 | |
200 | |
190 | |
180 | |
170 | |
160 | $ |
150 | Price |
140 | |
130 | Stock |
120 | |
110 | |
100 |
90
80
70
60
50
40
30
20
10
0
IDEX Proprietary & Confidential | 4 |
Our Position: Markets & Geography
Markets
Industrial | ||||
7% | Fire & Safety | |||
4% | 19% | Energy | ||
Life Science | ||||
4% | ||||
6% | Water | |||
5% | 12% | Analytical Instruments | ||
Food & Pharma | ||||
6% | ||||
Automotive | ||||
8% | 8% | Chemical | ||
Paints | ||||
7% | 8% | |||
6% | Semiconductor | |||
Agriculture
Other
- Own highly engineered & proprietary assets in fragmented niches of growing markets
- Well positioned in markets with secular growth tailwinds
- #1 or #2 position in niche markets
Geographies
Strong Global Presence:
- 53 North America
- 35 Europe
- 14 Asia
- 2 Australia
- 1 South America
- Diversified portfolio with strong global positioning
- Continued investments in emerging markets
- Acquisition targets across all geographies
Global Sales by Geography:
27%
USA
48% Europe
Rest of World
25%
IDEX Proprietary & Confidential | 5 |
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IDEX Corporation published this content on 29 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 03:02:36 UTC.