Driving Growth and Transformation in Agriculture Technology
Robust Free Cash Flow Generation Supports Value Creation
$210
2019
Free Cash Flow¹ ($M)
$210
2020
Proactive inventory
management to support
growing customer demand
and mitigate supply chain
disruptions created
temporary cash outflow
$(42)
$233
2021
2022
Historical FCF Conversion by Year 1
149%
Continuing to
+
Drive Cash Generation
•
Focused on cash conversion cycle
Digital Business Platforms &
automation driving working capital
reduction
Lower working capital intensity
driven by Grow and Transform
initiatives
Operational excellence and lean
manufacturing driving supply chain
and inventory optimization
Disciplined, process-oriented
approach to business investments
GAAP
144%
Adj.
N/A
131%
(21%)
93%
(19%)
82%
CONSERVING RESOURCES. IMPROVING LIFE: Valmont
1 We use the non-GAAP measure of FCF, which we define as GAAP net cash flows from operating activities reduced by capex. We believe that FCF is a useful performance measure for management and useful to
investors as the basis for comparing our performance with other companies. Our measure of FCF may not be directly comparable to similar measure use by other companies. Please see Reg G reconciliation to GAAP
measures at the end of document.
86View entire presentation