Investor Presentaiton
$ in millions
$ in millions
Financial Overview
Net Sales
1,566
1,435
1,221
1,213
1,090
1,131
264
244
899
228
209
708
226
215
206
217
1,191
1,302
993
864
916
1,004
693
491
2016
2017
2018
2019
2020
2021
2022
ESG
■SSG
TTM
6/30/23
Orders
Adjusted EBITDA Margin %
Adjusted EBITDA Margin*
(Consolidated)
16.1%
15.7%
14.9%
15.6%
14.6%
15.0%
12.4%
12.0%
Q2 2023 Highlights³:
•
2016
2017
2018
2019
2020
2021
2022
TTM
6/30/23
•
Target EBITDA Margin ranges¹
•
SSG: 17% -21% (new) 2
Consolidated: 12% -16%
1,692
1,781
•
ESG: 15% 18%
1,173
1,269
1,539
242
272
248
1,018
1,047
231
227
674
212
207
200
1,297
1,444
1,509
946
1,038
806
840
474
2016
2017
2018
2019
2020
2021
2022
TTM
6/30/23
ESG
SSG
■
Historical EBITDA margins
and targets place Federal
Signal in the top tier of its
peer group of specialty
vehicle manufacturers
Record net sales of $442M, up
$76M, or 21%, with organic growth
of $54M, or 15%
Operating income of $59.4M, up
$13.2M, or 29%
Adjusted EBITDA* of $75.5M, up
$17.3M, or 30%
Adjusted EBITDA margin* of 17.1%,
up from 15.9%
GAAP EPS of $0.66, up $0.11, or
20%
Record adjusted EPS* of $0.67, up
$0.14, or 26%
Record orders of $480M, up $67M,
or 16%
Record backlog of $1.01B, up
$212M, or 27%
Cash and cash equivalents of $49M
and ~$381M of availability under
credit facility
*Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted EPS are non-GAAP measures. See Appendix for additional information, including reconciliation to GAAP measures.
.
Net debt of $360M4
3.
1.
Underlying assumptions: Absence of extraordinary factors affecting demand from
end-markets; No unusual hearing loss litigation expenses
Comparisons to Q2 2022, unless otherwise noted
4.
2.
Increased SSG target margin range in March 2023 from the previous range of 15%
to 18%
Net debt is a non-GAAP measure, computed as total debt of
$409.2M, less total cash and cash equivalents of $48.8M
13View entire presentation