WTS Investor Presentation
2Q & Full Year 2022 Outlooks*
2Q 2022
Full Year 2022
Organic Growth
5% to 10%
Acquired sales ~+$2M
Total: 3% to 8%
[Prior Same]
Adj. Op Margin
15.1% to 15.5%
Adj. Margin Growth
+20 bps to +60 bps
Free Cash Flow
Seasonally slower
FX - Euro / $
WWATTSⓇ
OTHER KEY FULL YEAR INPUTS
ITEM
Total 14.5% to 14.9%
[Prior 14.3% to 14.7%]
Corporate
Costs
Interest
+20 bps to +60 bps
[Prior Flat to 40 bps]
90% of Net Income
[Prior Same]
1.10
VPY (-8%) Sales ($13M); EPS ($0.05)
V Prior Guide Sales ($3M); EPS ($0.01)
1.10
VPY (-7%) Sales ($39M); EPS ($0.14)
V Prior Guide Sales ($13M); EPS ($0.05)
See Appendix for reconciliation of non-GAAP measures to their corresponding GAAP measures
* As of May 4, 2022
May 5, 2022
© 2022 Watts Water Technologies, Inc.
EXPECTATION
~$48M
~$7M
Expense
Adjusted Effective
Tax Rate
-25%
CAPEX/D&A
~$45M/$45M
Share Count
~34M shares
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