Investor Presentaiton
ANNUAL FINANCIAL TRENDS
(US$ in millions, except per share data)
•
•
Sales growth driven primarily by smart
water solution penetration
Radios and SaaS
Margins driven predominately by
favorable sales mix, volume and
price/cost
SEA expense control with leverage
improvement
Robust cash flow generation with
working capital management;
conversion above 100%
Ample balance sheet flexibility
2017
2018
2019
2020
Sales
$402.4 $433.7
$424.6
$425.5
Adj Oper Earnings
56.6
59.4
62.2
65.2
14.1%
13.7%
14.6%
15.3%
Adj EBITDA
80.0
83.8
86.0
90.2
19.9%
19.3%
20.3%
21.2%
Adj EPS
1.19
1.54
1.61
1.69
Free Cash Flow
$34.7
$51.7
$73.2
$80.5
•
FCF Conversion
100%
115%
155%
163%
Note: Adjusted figures in 2018 which exclude pension termination settlement and executive retirement charges.
See Annual Report for GAAP to Non-GAAP reconciliations.
O2021 Badger Meter, Inc.
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