Investor Presentaiton
Financial Strength and Flexibility
Strong capital
structure
Healthy cash
flow and access
to cash facilitate
organic growth
investment,
M&A and cash
returns to
stockholders
Cash and cash equivalents of $38 M
Net debt of $337 M **
*
In October 2022, executed a five-year, $800 M revolving credit facility, with
opportunity to increase further by the greater of (i) $400 M or (ii) 100% of TTM
consolidated EBITDA, subject to lenders approval
Net debt leverage remains low
Compliant with all covenants with significant headroom
Generated $7 M of cash from operations in Q1 2023, in line with Q1 2022
~$415 M of availability under revolving credit facility
Anticipating cap ex of $25 M-$30 M in 2023, including investments in our
plants to add capacity and gain efficiencies through automation
Completed acquisition of Blasters, Inc. on January 3, 2023 for an initial
payment of $13.4 M
Completed acquisition of Trackless Vehicles on April 3, 2023 for an initial
purchase price of ~$40 M
Paid $5.5 M for dividends, reflecting dividend of $0.09 per share; recently
declared increased dividend of $0.10 per share for Q2 2023
~$59 M of authorization remaining under current share repurchase program
(~2% of market cap)
* Dollar amounts as of, or for the quarter ending 3/31/2023, unless otherwise noted
** Net debt is a non-GAAP measure and is computed as total debt of $375.5 M, less total cash and cash equivalents of $38.4 M
FEDERAL SIGNAL
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