Executive Vice President and Chief Financial Officer
Forward-Looking Information
As a reminder, we will be presenting certain forward-looking statements on this call that are based on Management's current expectations and views regarding future events and operating performance and are subject to uncertainties and changes in circumstances. Our actual results may differ materially from the forward-looking statements for a number of reasons. Our forward-looking statements are applicable only as of the date of this presentation. For a list of the factors which could affect our future results, including our earnings estimates, see forward-looking statements included in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," set forth in our Annual Report on Form 10-K for the fiscal quarter ended March 31, 2021, which was filed with the U.S. Securities and Exchange Commission.
In addition, we will also be presenting certain non-GAAP financial measures. For an explanation of the differences between the comparable GAAP financial information and the non-GAAP information, please see our company's Form 8-K which includes our press release dated May 26, 2021, which is located on our web site at www.enersys.com.
May 27, 2021
EnerSys 2021. All Rights Reserved
2
Sales & Earnings Grew Despite
Unprecedented Challenges
EPS of $1.30, near top end of guidance
Energy Systems saw customer delays in higher margin business from availability and higher input costs
Motive Power and Specialty businesses are accelerating
Operating Cashflow generation record of $358M, leverage at 1.7x
Post Covid demand surge
All our businesses positioned to take advantage of tremendous market opportunities
Telcos pursuing mid spectrum 5G build out facing shortages of electrical components and labor
MSO's building own wireless networks
Renewables continue to expand with legislative push
Industrial / Utility business lines are seeing favorable trends for infrastructure
Datacenter markets improving as COVID site restrictions are lifted
Spectrum auctions big outlays may delay increased capex for 5G
Order book is strong; need to manage supply chain & shortages
May 27, 2021
EnerSys 2021. All Rights Reserved
4
Motive Power
OEMs struggled to meet increase in demand
Backlog up 24+% yr/yr due to pent up demand, continued global recovery and re- openings.
April WITS data shows trailing 3 month forklift truck orders up 86% over prior year but OEM shipments have actually declined slightly in 2021
Margin expansion due to sales of higher margin products and opex flexing
We launched our NexSys® Ion this quarter with good initial acceptance
Facing supply chain issues and inflation pressures countered with price increases
Richmond now running smoothly; Hagen restructuring starting to pay off
Fulfill growing demand while overcome supply issues and offset inflation
May 27, 2021
EnerSys 2021. All Rights Reserved
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
EnerSys Inc. published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 21:20:02 UTC.
EnerSys is a United States-based energy solutions company. The Company provides stored energy solutions for industrial applications. The Company manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Its energy systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Its Motive Power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Its Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, automotive, medical and security systems applications. It also provides aftermarket and customer support services to its customers.