S Supplemental Slides l t l Slid First Quarter Fiscal 2010 - PowerPoint PPT Presentation

S Supplemental Slides l t l Slid First Quarter Fiscal 2010 Earnings Call

Revenue Review: First Quarter Fiscal 2010 Sales by Market Chemical Processing Sales 24% ($ in millions) Oil Refining 46% Power $27.6 N/A Other Industrial Applications Oth I d t i l A li ti 30% $20.1 U.S. / International Sales U.S. 51% Q1 FY2009 Q1 FY2010 International 49%

Orders and Backlog Review Orders & Backlog Review: First Quarter Fiscal 2010 ($ in millions) ($ in millions) Orders & Backlog Q1 FY10 backlog includes $76.0 $4.2 million in orders placed p $69 7 $69.7 on hold and a $0.2 million reinstated order $52.5 $48.3 $37.0 $27.8 $20 5 $20.5 $17.5 $8.8 $8.1 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10

Orders and Backlog Review Orders & Backlog Review: First Quarter Fiscal 2010 Fiscal Year Comparison Order Trend Backlog Trend ($ in millions) $75.7 $107 1 $107.1 $86.5 $54.2 $73.9 $48.3 $66.2 $37.0 $37 0 $54 9 $54.9 $33.1 FY 06 FY 07 FY 08 FY 09 Q1 FY10 FY 06 FY 07 FY 08 FY 09 Q1 FY10 TTM Q1 FY10 backlog includes Q1 FY10 backlog includes $4.2 million in orders placed on hold and a $0.2 million reinstated order

Operational Review: Quarter O ti l R i Q t Operational Review: First Quarter Fiscal 2010 Gross Profit & Net Income SG&A ($ in millions) $3.8 $12.2 $12.2 $3.5 44.2% $3.2 $8.3 41.1% 41.1% 14.8% 14.8% $5 7 $5.7 14.4% Restructuring 14.1% $3.5 began Q4 FY09 Q1 FY09 Q4 FY09 Q1 FY10 Q1 FY09 Q1 FY10 Gross profit Net income FY 2010 tax rate (est.): 30% - 31% Q1 FY09 tax rate ~ 30.3%

O Operational Review ti l R i Operational Review: Balance Sheet Strong Cash Position Strong Cash Position $42.1 million invested in U.S. ($ in millions) Treasury securities $46.2 $45.3 with maturities of with maturities of 91 to 180 days and $36.8 no bank debt $15.1 $11 0 $11.0 $2.7 FY2005 FY2006 FY2007 FY2008 FY2009 Q1 FY10

O Operational Review ti l R i Operational Review: Managing Cash in the Downturn Inventory Turnover (times) Cash Conversion 120 120 120 120 12.6 12.4 11.0 100 100 10.0 cle (Days) 80 80 7.9 7.9 14.8% 14.8% s) Sales ($ millions Cash Conversion Cyc 60 60 5.7 40 40 20 20 0 0 FY2005 FY2006 FY2007 FY2008 FY2009 Q1 FY10 FY2005 FY2006 FY2007 FY2008 FY2009 Q1FY10 TTM TTM Sales Cash Conversion Cycle Note: cash conversion cycle equals days sales outstanding plus days inventory on hand minus days payables outstanding