Stanley Black & Decker : Q2 2021 Stanley Black & Decker, Inc. Earnings Conference Call Slides
July 27, 2021 at 07:50 am EDT
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Second Quarter 2021 Overview
July 27, 2021
Participants
Jim Loree
CEO
Don Allan
Lee McChesney
President & CFO
VP, Corporate Finance &
CFO, Tools & Storage
Dennis Lange
VP, Investor Relations
2Q'21 OVERVIEW
2
Cautionary Statements
Certain Statements Contained In This Presentation Are Forward Looking. These Are Based On Assumptions Of Future Events Which May Not Prove To Be Accurate. They Involve Risk And Uncertainty. Actual Results May Differ Materially From Those Expected Or Implied. We Direct You To The Cautionary Statements Detailed In The Corresponding Press Release And Form 8-K And Our
Recent '34 Act SEC Filings.
2Q'21 OVERVIEW
3
2Q 2021 Financial Highlights
Strong Demand Trends & Margin Performance Continued Through The Second Quarter…
Revenues Of $4.3 Billion, Up 37% Versus Prior Year Led By Tools & Storage With All Segments Growing Double Digits And Contributing To 33% Organic Growth
Gross Margin 35.9%*, Up 240 Basis Points Versus Prior Year
Operating Margin Expanded 270 Basis Points Versus Prior Year To 15.5%* Driven By Volume, Price, Innovation And Margin Resiliency
Diluted EPS Of $3.08*, Up 93% Versus Prior Year
Free Cash Flow $339 Million, Up 28% Versus Prior Year
Raising 2021 Full Year Adjusted Diluted EPS* Guidance To A Range Of $11.35 - $11.65
Announced Quarterly Dividend Increase Of 13% To $0.79 Per Share
…Building Momentum For An Improved Second Half Outlook
*Excludes M&A Related & Other Charges. See Appendix for Reconciliation of GAAP to
2Q'21 OVERVIEW
4
Non-GAAP Measures Used in This Presentation.
Significant Catalysts Support Long-Term Value Creation
Growth + Margin Expansion
R E C O N N E C T I O N
W I T H H O M E &
G A R D E N
e C O M M E R C E
E L E C T R I F I C A T I O N
H E A LT H & S A F E T Y
M A R G I N
R E S I L I E N C Y
Currently In Negotiations To Exercise MTD Option…
Highly Complementary To Accelerate Growth Opportunities
Battery Technology
Operations Excellence
Leading Brands
Global Scale
Manufacturing Expertise
Engineering Expertise
Pro Channel
Robotics
Potential For Multi-Year Runway For Growth And
Significant EPS & Cash Flow Accretion
LTM*:
Revenue ~$2.5B
Adjusted EBITDA% High-Single Digits
2022**:
EPS Accretion ~$0.50
Adjusted EBITDA ~$230M
2025**:
EPS Accretion >$1.00
LTM Based On 6-30-2021
EBITDA & EPS Accretion Exclude M&A Related & Other Charges | MTD Assumptions Assume The Acquisition Of The
2Q'21 OVERVIEW
5
Remaining 80% Stake & Regulatory Approvals
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Stanley Black & Decker Inc. published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 11:49:02 UTC.
Stanley Black & Decker, Inc. specializes in the design, manufacturing and marketing of tools and engineering solutions for professional, industrial and construction and consumer use. Net sales break down by family of products as follows:
- electric tools and accessories (71.1%): tools and electric devices (drills wire, sanders, saws, grinders, batteries, etc.), garden tools (shears, cutting edge, trimmers, aerators , grinders, chainsaws, etc.), vacuum cleaners, lamps, lights, battery chargers, starter batteries, power converters, hand tools (measuring and leveling tools, planes, hammers, knives, blades, screwdrivers, saws, etc.), consumer mechanics tools (wrenches and sockets), plastic tool boxes, pneumatic tools and fasteners (nail guns, staplers, staples, etc.);
- industrial products (16.2%): professional and automotive mechanics tools (wrenches, sockets, electronic diagnostic tools, etc.), storage systems, plumbing, heating and air conditioning tools (pipe wrenches, pliers, tubing cutters, etc.), hydraulic tools, etc.;
- access and security products (12.7%): automatic doors, door closers, emergency exit devices, locking mechanisms, integrated security devices, etc.
Net sales are distributed geographically as follows: the United States (60.5%), Canada (4.7%), Americas (4.2%), France (4%), Europe (19.2%) and Asia (7.4%).
STANLEY BLACK & DECKER, INC. 
