Federal Signal Investor Presentation Deck
Why Federal Signal?
Composition of Businesses
End Market Exposures
Revenue Streams
Financial Position
Opportunity for M&A
Operational Performance
New Product Development ("NPD")
●
●
●
●
Clearly-defined strategy, with two groups - ESG and SSG - each of which have strong growth potential through a
combination of organic initiatives and M&A
Typical annual revenue mix of ~50% publicly-funded / ~50% industrial
Publicly-funded revenues derived from sale of essential products to municipalities in the U.S., Canada, Europe and
Latin America; sewer cleaner purchases typically funded through water taxes
Within industrial, markets at different points in the cycle such as construction, utility, oil and gas, infrastructure,
waste, rendering, landscaping, military
Balanced portfolio of new and used equipment sales and other aftermarket offerings including parts, rentals and
service;
Aftermarket revenues represented ~28% of ESG's sales in Q2 2023
Increased borrowing capacity by executing new, 5-year $800 M credit facility in October 2022
Low debt leverage; strong balance sheet and healthy cash flow generation
Completed acquisitions of TowHaul (Q4 2022), Blasters (Q1 2023) and Trackless (Q2 2023)
Ample opportunity for further M&A due to strong financial position, active pipeline and clear view of what we are
looking for in acquisition candidates
Consistent performance within target EBITDA margin ranges
Focus on operational excellence, with Eighty-Twenty Improvement (“ETI") initiatives the cornerstone of our
operational philosophies
Customer-focused NPD process with emphasis on electrification initiatives; several recent EV product launches
4View entire presentation