Investor Presentaiton
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JJJ
Attractive Five Year Financial Trends Showcase Execution of Strategy
(US$ in millions, except per share data)
Sales growth driven primarily by smart water
solution adoption
•
Communications and SaaS
Margins driven predominately by favorable sales
mix, volume and long-term price/cost
SEA expense control with leverage improvement
• Robust cash flow generation with working capital
management; conversion above 100%
Ample balance sheet flexibility
2018
2019
2020
2021
2022
Sales
$433.7 $424.6
$425.5
$505.2
$565.6
Adj Oper Earnings
59.4
62.2
65.2
78.7
87.3
•
Water quality
13.7%
14.6%
15.3%
15.6%
15.4%
Adj EBITDA
83.8
86.0
90.2
106.5
113.4
19.3%
20.3%
21.2%
21.1%
20.0%
Adj EPS
1.54
1.61
1.69
2.08
2.26
Free Cash Flow
$51.7
$73.2
$80.5
$80.8
$76.6
FCF Conversion
115%
155%
163%
133%
115%
Note: Adjusted figures in 2018 which exclude pension termination settlement and executive retirement charges.
See Annual Report for GAAP to Non-GAAP reconciliations.
© 2023 Badger Meter, Inc.
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