Oppenheimer Industrial Growth Conference May 14, 2014.

Slides:



Advertisements
Similar presentations
1 FIRST QUARTER 2009 INVESTOR CONFERENCE CALL. 2 Today ’ s Hosts Steve Romano Chairman & Chief Executive Officer Jim Baumgardner President & Chief Operating.
Advertisements

July 18, 2008, Atlas Copco Group Q2 Results July 18, 2008.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
Standard Register Fourth Quarter and Full Year 2007 Conference Call February 22, 2008.
1 ICON Plc. Merrill Lynch - Global Pharmaceutical, Biotech & Medtech Conference, September 19 th 2007.
Business Portfolio Adding Value to Investors Luiz Fernando Rolla CFO October, 2008.
Hi, I’m Dave Vellequette, CFO of Avaya
Western Financial Group Q Financial Results Conference Call August 18, 2009.
First Quarter Results Millipore Conference Call, April 20, 2004.
Second Quarter Results Ended June 30, This presentation contains statements, including statements about future plans and expectations, which constitute.
Veritas DGC Inc. Investor Presentation - April 2004.
Western Financial Group 2009 Year End Financial Results Conference Call March 17, 2010.
Safe Harbor Statement “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding Aaron.
1 Northern States Power Companies (NSP-MN & NSP-WI) Transmission Customer Meeting June 30, 2015 Rate Discussion: Attachment O Actual Costs 2014.
Shareholder Meeting May 7, 2013 Annual Meeting of Shareholders May 7, 2013.
Goldman Sachs Bank CEO Conference December 2, 2003 Henry L. Meyer III Chairman & Chief Executive Officer Jeffrey B. Weeden Senior Executive Vice President.
KeyCorp Annual Meeting May 13, PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 FORWARD-LOOKING STATEMENT DISCLOSURE The presentation, including.
May 13, 2009 First Quarter 2009 Earnings Review. Highlights  First quarter 2009 net sales of $46.6 million -- within the Company’s forecasted range 
FY09 Q3 Conference Call April 21, Forward-Looking Statement Page 1 Statements in this release that are not historical are forward-looking and are.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
1 Fourth Quarter 2003 Review January 16, 2004 Speakers: Henry Meyer Jeff Weeden.
L Q Earnings Conference Call April 30, 2009.
First Quarter 2005 Millipore Conference Call, April 21, 2005.
Third Quarter 2012 Earnings Conference Call October 25, 2012.
1 Automotive News World Congress January 17, 2006 “It’s not all that bad.” A look at the flip side of the coin.
1 Fourth Quarter 2002 Review January 15, 2003 Speakers: Henry Meyer Jeff Weeden.
SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.
1 First Quarter 2003 Review April 17, 2003 Speakers: Henry Meyer Jeff Weeden.
3 rd Quarter 2005 Conference Call September 8, 2005.
D.A. Davidson & Co. Financial Services Conference Lee Irving KeyCorp.
1 Investor Conference Call April 5, Forward Looking Statements The foregoing discussion may include forward-looking statements for purposes of.
A customer-driven distributor of consumable basics Credit Suisse First Boston June 17, 2003 New York, NY Dollar General Corporation……. Serving Others.
The Power of We ™ Matt Booher VP Corporate Treasurer and Investor Relations Officer Avaya Avaya Financial Strength.
SECOND QUARTER 2004 EARNINGS John A. Luke, Jr. Chairman and CEO James A. Buzzard President Peter H. Vogel, Jr. Interim Principal Financial Officer July.
Smith Barney Citigroup Small & Mid-Cap Conference May 6, 2004 Allmerica Financial Corporation Ed Parry Executive Vice President Chief Financial Officer.
Investor Presentation November Forward Looking Statements This presentation may contain forward-looking statements which are subject to a number.
January 22, 2003 First Quarter Earnings Conference.
First Quarter Results Ended March 31, This presentation contains statements, including statements about future plans and expectations, which constitute.
22 October 2008 Slide 1 Results 3Q08 Results 3Q08 Martin De Prycker, CEO 22 October 2008.
© Infosys Technologies Limited Infosys Investor Relations Infosys Investor Relations.
Third Quarter Results Ended September 30, This presentation contains statements, including statements about future plans and expectations, which.
October 22, Atlas Copco Group Q3 Results October 22, 2004.
Atlas Copco Group Q1 Results April 29, Page 2 April 29, 2002www.atlascopco-group.com Contents  Q1 Highlights and Strategic Moves  Market Development.
Atlas Copco Group Q3 Results October 23, Page 2 October 23, 2001www.atlascopco-group.com Contents  Market Development  Business Areas  Financials.
Atlas Copco Group Q2 Results July 18, Page 2 July 18, 2002www.atlascopco-group.com Contents  Q2 Highlights  Market Development  Business Areas.
Atlas Copco Group Q1 Results April 28, Contents  Q1 Business Highlights  Market Development  Business Areas  Financials  Outlook.
BB&T Capital Markets 10 th Annual Commercial & Industrial Investor Conference March 23, 2016.
FOURTH QUARTER AND YEAR END 2012 RESULTS. The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press.
First Quarter 2013 Earnings Conference Call April 18, 2013.
January 21, 2004 First Fiscal Quarter Earnings Conference.
Fourth Quarter / Full Year Earnings 2008 Kimberly Ross Chief Financial Officer March 2, 2009.
THIRD QUARTER 2012 RESULTS.  Year-over-year revenue growth of 5.5% to $32.0 million, at the high end range of guidance  Adjusted fully diluted EPS of.
FOURTH QUARTER AND FULL YEAR 2013 RESULTS March 13, 2014.
© 2009 Autodesk Autodesk Corporate Overview May 2009.
THIRD QUARTER 2014 EARNINGS CONFERENCE CALL October 22, 2014.
July 16, Atlas Copco Group Q2 Results July 16, 2004.
Stifel Nicolaus 2017 Industrials Conference June 15, 2017.
Third Quarter 2012 Earnings Conference Call October 18, 2012
Northern States Power Companies (NSP-MN & NSP-WI)
Northern States Power Companies (NSP-MN & NSP-WI)
First Quarter Earnings Conference
Northern States Power Companies (NSP-MN & NSP-WI)
Mace Security International, Inc
Standard Register First Quarter 2007 Conference Call April 27, 2007.
First Quarter Fiscal Year 2016
Annual Meeting of Stockholders Tuesday, May 22, 2018
R.W. Baird Global Industrial Conference November 7, 2018
Fiscal 3Q’13 Earnings Presentation
Northern States Power Companies (NSP-MN & NSP-WI)
2015 Annual Meeting April 30, 2015.
Presentation transcript:

Oppenheimer Industrial Growth Conference May 14, 2014

Page  2 Forward Looking Statements Certain statements contained in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of These statements may be identified by the use of forward-looking words or phrases such as “expects”, “projected”, “scheduled”, “could”, “believe”, “anticipated” and others. Such forward-looking statements involve numerous assumptions, known and unknown risks, uncertainties and other factors which may cause actual and future performance or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include: achieving sales levels to fulfill revenue expectations; unexpected costs or charges, certain of which may be outside the control of the Company; general economic and business conditions; and competition. For additional information identifying factors that may cause actual results to vary materially from those stated in the forward-looking statements, refer to our most recent 10-K for the year ended December 31, 2013 that is filed with the SEC and is also available at

Company Overview

Performance Sales ($ Billions) OP Margin (% of Sales) Page  4 Strong financial performance

Market Positioning Hubbell’s Focus Commodity Type Products Branded Products Broad Number of SKUs Serving Distributors Apparatus $16 Billion Electrical Components and Connectors $39 Billion Wire, Conduit, Lamps and Ballasts $23 Billion Large, Global Competitors Capital intensive Difficult to generate margin U.S. Electrical Components Market 2014 F $78 Billion Page  5 We are positioned in the most attractive segment of the market

Hubbell Today ($ Billions) Electrical Segment Power Systems Power Systems Electrical Systems Products Lighting Segment Platform Business Addressable Market 2013 Sales Key Brands $ 12$ 8$ 4 $ 0.8$ 0.9 Page  6 $ 1.5 Hubbell is well positioned in large and diverse end markets

Hubbell Strategic Objectives Serving Our Customers Operating with Discipline Growing the Enterprise ReliableElectrical Solutions Developing Our People Our Strategic Objectives Are The Critical Few Page  7

Q Results and Outlook

Page  9 1Q 2014 Summary  Net sales increased 3% Acquisitions contributed 4% Demand impacted by weather  Operating margin of 13.8% - up 60 bps Productivity Lower facility consolidation costs  Diluted EPS of $1.08 R&D Tax credit included in prior year Good operating performance despite weather disruptions

Page  10 1Q 2014 Sales Acquisitions +4%, FX -1% SalesEnd Markets ($Millions) +3% Non-residential Industrial Utility Residential Broad based growth Distribution Transmission Industrial production / extractive industries New construction Renovation and relight High voltage test equipment Weather broadly impacted markets

Page  11 1Q 2014 Operating Profit Improvement in both areas contributed to margin expansion ($Millions) Operating Profit OP% +7% Drivers YOY ∆ Comments Gross MarginIncreasedProductivity Lower facility consolidation costs S&A %DecreasedCost control

Page  12 1Q 2014 Net Income and EPS Earnings impacted by higher tax rate ($Millions except EPS) Net Income (a) Earnings Per Diluted Share  Lower net income  Lower shares outstanding  Higher tax rate  Increased operating profit - 3% - 2%

Page  13 1Q 2014 Electrical Segment Results Weather contributed to slow start; good operating performance ($Millions) Sales Markets Performance  Acquisitions added 4%  Residential strong  All markets negatively impacted by weather  Productivity and price in excess of cost increases  Acquisitions additive to OP but not to margin Operating Profit +5% +11%

Page  14 1Q 2014 Power Segment Results Weather impacted slow start; margin improved on productivity ($Millions) Markets Performance  Acquisitions +2%, FX -1%, Price -1%  Distribution and transmission flat  Negatively impacted by weather Operating Profit -2% +2%  Productivity  Less facility consolidation costs  Unfavorable price / material costs Sales

Page  Capital Structure Strong capital structure provides investment flexibility (a)Includes unamortized discount (b)Non-GAAP Financial measure – see appendix 1

Page  16 End Markets – 2014 Outlook Overall market growth of 2-3% expected Residential Non-residential Industrial Utility Flat ~10% Estimated % Hubbell Sales 2 to 3% 3 to 4%

2014 Outlook – Segment Sales Growth Segments (2013 Sales) Power29% Electrical71% 3%Distribution and transmission flat Acquisitions +3% 6 to 7%Non-residential improving Residential solid Industrial low single digit growth Acquisitions +4% Page  17 5 to 6% overall sales increase expected

Page  Outlook  Net sales increase 5-6% Acquisitions contribute 3-4% Slower start to year ~(1%)  Operating margin expansion of bps Acquisitions ~(20) bps  Tax rate approximately 32.5% R&D credit excluded Improving top line expected with margin expansion