Attached files
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| 8-K - FORM 8-K - MET PRO CORP | mpr8k20120620.htm |
Exhibit 99.1
Safe Harbor Statement
Who We Are
Established in 1966, Met-Pro Corporation is a leading niche-
oriented global provider of product recovery, pollution control,
fluid handling, and filtration solutions including:
oriented global provider of product recovery, pollution control,
fluid handling, and filtration solutions including:
– filtration and purification equipment for air, water, and harsh,
corrosive liquid applications;
corrosive liquid applications;
– fluid handling equipment for water, saltwater, corrosive, abrasive, and
high temperature liquids;
high temperature liquids;
– proprietary chemicals for the treatment of municipal and industrial
water systems
water systems
that position us to meet the world’s growing need for:
– clean air and water
– reduced energy consumption
– and improved operating efficiencies
Product Recovery/
Pollution Control
43.5%
Pollution Control
43.5%
Filtration/
Purification
10.4%
Purification
10.4%
Fluid Handling
33.2%
33.2%
Mefiag
Filtration
12.9%
Filtration
12.9%
Businesses at a Glance
Fiscal Year 2012 Total Revenue
$100.2 Million
Products from Single Units…
Mefiag Filter System
Fybroc FRP Pumps
Strobic Air Patented Tri-Stack™ Fan
Dean
Metallic Pumps
Metallic Pumps
Sethco
Thermoplastic
Pumps
Thermoplastic
Pumps
Keystone
Custom Filter Cartridges
Pristine Water
Treatment Chemicals
Treatment Chemicals
…to Large, Complex Systems
Dean High
Temperature Pumps
Temperature Pumps
Fybroc FRP Pumps
Mefiag Filter Systems
Duall Multi Component
Hot Gas Scrubber System
Hot Gas Scrubber System
Flex-Kleen
Dust Collectors
Dust Collectors
Systems Rotary Concentrator and
Recuperative Thermal Oxidizer
Recuperative Thermal Oxidizer
Strobic Air Patented
Tri-Stack™ Fans
Tri-Stack™ Fans
Bio-Reaction
Bio-Oxidation System
Bio-Oxidation System
Fume Hood
Exhaust & Control
Systems
Exhaust & Control
Systems
Municipal, Industrial
& Commercial Water
Treatment
& Commercial Water
Treatment
Dust Collection &
Product Recovery
Solutions
Product Recovery
Solutions
Air Quality &
Odor Control
Solutions
Odor Control
Solutions
VOC Removal
Solutions
Solutions
Industrial &
Residential
Residential
Filter Solutions
Industrial
Filter Systems
Process & High
Temperature
Temperature
Metallic Pumps
Corrosion
Resistant
FRP Pumps
Resistant
FRP Pumps
Corrosion Resistant
Thermoplastic Pumps
Thermoplastic Pumps
Products and Solutions
Environmental, Energy & Process Improvement Solutions
Customers & Major Markets
• Over 8,000 active customers
‒ Well-diversified cross-section
of industries including
Fortune 1000 companies
Fortune 1000 companies
• Major markets include:
– Pharmaceutical
– Chemical/petrochemical
– Food processing
– Metal finishing
– Saltwater aquariums
– Refinery
– Semiconductor/electronics
– Municipalities
– Universities
– Hospitals/public health
– Government facilities
No One Customer Accounts for More
Than 10% of Met-Pro’s Business
Than 10% of Met-Pro’s Business
Growth Strategy
• Capitalize on global niche-oriented growth opportunities
through:
through:
– Strong customer focus
– Geographic expansion
– New product introductions
– Accretive acquisitions, technology licensing and strategic
business partnerships
business partnerships
– Leveraging existing relationships to maximize
penetration of Met-Pro products
penetration of Met-Pro products
– Optimization of synergies within Met-Pro
Growth Drivers
• Growing global demand for “green” manufacturing processes
• Increasing regulatory requirements limiting the amount of
pollution discharge into the air and/or water
pollution discharge into the air and/or water
• Geographical market expansion
• Continual need for new products and solutions to meet ever
changing regulations and process requirements
changing regulations and process requirements
• Obsolescence and insufficiency of existing air pollution control
and fluid handling equipment
and fluid handling equipment
• Maintenance, repair, upgrade and retrofit opportunities from
growing installed base
growing installed base
Margin Improvement Strategies
• Expand operating margin through:
– Pricing power
– Single source solutions
– Global sourcing
– Volume discounts
– Consolidation
– Leveraging of operating expenses
– Improved project execution
– Lean enterprise/continuous improvement
– Disciplined cost management
Looking Ahead
Traditional
product push
approach
product push
approach
Solutions
provider
approach
within BUs
provider
approach
within BUs
Market
served
growth
platforms
served
growth
platforms
Markets Served:
•Air
•Alternative energy
•Water
•Specialty liquids
Growth Strategy is Market Focused
Met-Pro Growth Platforms
Keystone
Mefiag
Met-Pro GPS
Met-Pro EAS
Pristine
Strobic Air
Air
Alternative Energy
Specialty Liquids
Water
Business Unit
Platform
Allow us to leverage our business unit capabilities,
but manage from a market served perspective
but manage from a market served perspective
Products and Solutions
Environmental, Energy & Process Improvement Solutions
Product Recovery/
Pollution Control
43.5%
Pollution Control
43.5%
Filtration/
Purification
10.4%
Purification
10.4%
Fluid Handling
33.2%
33.2%
Mefiag
Filtration
12.9%
Filtration
12.9%
27.9%
International
Sales
International
Sales
72.1%
U.S. Sales
U.S. Sales
Financial Overview
Fiscal Year 2012 Total Revenue
$100.2 Million
International Revenue
$28.0 Million
New Orders
Financial Overview
$81.8
$110.9
$89.9
First Quarter Ended 4/30
Net Sales
Financial Overview
$80.1
$100.2
$88.9
First Quarter Ended 4/30
$25.2
$23.4
Net Income
Financial Overview
$4.4
$7.1
$6.1
First Quarter Ended 4/30
$1.3*
$1.4
* Included one-time costs in connection with transition
to new CFO, which had an after-tax impact of $0.3 million.
to new CFO, which had an after-tax impact of $0.3 million.
Diluted EPS
Financial Overview
$.30
$.48
$.42
First Quarter Ended 4/30
$.09*
$.10
* Included one-time costs in connection with transition
to new CFO, which had an after-tax impact of $0.02 per
to new CFO, which had an after-tax impact of $0.02 per
diluted share.
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Cash & Short Term Investments
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Total Assets
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Total Debt
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Shareholders’ Equity
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Millions ($)
34.7
$ 113.9
2.9
84.6
$2.35
Per Share
Per Share
Debt to Equity
Ratio = 3.5%
Ratio = 3.5%
$
$
$
Financial Overview
Strong Financial Condition
4/30/2012
Fiscal Year Ended 1/31
Financial Overview
$.246
$.269*
$.24
* Reflects 8% dividend increase effective October 2011
21 Straight Years of Cash Dividends
Summary
• Significant global demand for products and solutions
• Consistent track record of strong financial results
• Strong balance sheet
• Strong cash flows from operating activities
• 21 consecutive years of cash dividends
• Poised for growth
Thank You!