Investor Presentaiton
m.
JJJ
Short and Long-Term Results Demonstrate Differentiated Execution of
Growth Strategy
YTD 2023 (9/30)
SaaS Growth
(linked to Cellular AMI)
Utility Water Sales Growth
Y-o-Y Growth
Revenue in Millions $
Revenue % of Sales
15%
$40
10%
25% Sales
Growth
$30
45% CAGR
8%
10%
6%
$20
4%
SaaS
5%
$10
2%
revenue 6%
of sales
$0
0%
2016 2017 2018 2019 2020 2021
2022
Sales
% of sales
$
33% Operating
Profit Growth;
PWC % of Sales
+100bps margins
28.7%
163%
26.4%
155%
25.5%
133%
20 bps EBITDA
24.5%
22.1%
115%
115%
margin
improvement
0%
2020 vs. 2019*
2021 vs. 2020*
2022 vs. 2021
* Core sales growth, excluding y-o-y impact of water quality acquisitions
Free Cash Flow Conversion
Balanced Capital Allocation
Three Year Cash Flow Deployment
Build Cash
Internal
Investments
37% EPS
Growth
2018
2019 2020
2021
2022
2018
2019 2020
2021
2022
© 2023 Badger Meter, Inc.
Acquisitions
Dividends
CO
6View entire presentation