EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm
 
 

 
Company Profile
 Leading niche-oriented global provider of solutions and products
 for difficult product recovery, pollution control, and fluid handling
 applications
 
 Diverse, synergistic product offering
 
 Strong global brand recognition
 
 Approximately 40% of revenues derived from recurring parts and
 consumables sales
Met-Pro: Protecting our environment while serving
business and industry around the world


NYSE: MPR
 
 

 
This presentation includes forward-looking statements which reflect
the Company’s current views with respect to future events and
financial performance, but involve uncertainties that could
significantly impact results. The Private Securities Litigation Reform
Act of 1995 provides a “safe harbor” for such forward-looking
statements.
 
 

 
Overview
 FY 2008 was the best year in the Company’s history despite a weak
 economic environment
 Record high sales and earnings
 Strong results continued into the first half of FY 2009 
 Expanding operating margins
 Strong momentum, pace of business activity
 Recognized for second consecutive year as one of America’s “200
 Best Small Companies” by Forbes Magazine
 Recognized for second consecutive year as one of America’s “Top
 Small to Midsize Manufacturers” by Start-It Magazine
 
 

 
Investment Highlights
 Three consecutive years of increased sales
 
 Brand recognition driving rapid global growth
 
 Growing base of installed equipment creating recurring demand for parts
 and consumables ~ 40% of sales
 
 Improved efficiencies, product mix, scale economies driving margin
 expansion
 Outsourcing minimizes growth constraints and reduces risks during down
 turns
 Experienced Management/Independent Board of Directors
 Strong balance sheet
 Dividend paid for 33 consecutive years
 
 
 

 
Product Recovery/
Pollution Control
46.6%
Filtration/
Purification
12.4%
Fluid Handling
29.2%
Mefiag
Filtration
11.8%
Businesses
 
 

 
International
 Growth in international
 markets remained strong
 Countries around the globe
 continue to invest in
 expanding their industrial
 infrastructure
 First half International Sales
 up 55% from FY 2008
FY 2008
H1 2009
31.6%
International
Sales
68.4%
U.S. Sales
75.9%
U.S. Sales
24.1%
International
Sales
 
 

 
International Net Sales
Central
America
2.2%
Other
1.4%
Caribbean
4.7%
Southeast
Asia
4.9%
Africa &
Middle East
7.2%
North
Pacific
11.6%
Canada
19.2%
South
America
19.7%
Europe
29.2%
 
 

 
Customers & Major Markets
 Over 8,000 active customers
 
 - Well-diversified cross-section
 of industries including
 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
 
 

 
Products from Single Units…
Mefiag Filter System
Flex-Kleen Pulse-Jet
Cartridge Dust
Collector
Fybroc FRP Pumps
Strobic Air Patented
Tri-Stack™ Fan
Dean
Metallic Pumps
Sethco
Thermoplastic
Pumps
Keystone
Custom Filter
Cartridges
Duall AroBIOS™ Bioscrubber
Pristine Water
Treatment
Chemicals
 
 

 
…to Large, Complex Systems
Dean High
Temperature Pumps
Fybroc FRP Pumps
Mefiag Filter Systems
Duall Multi Component
Hot Gas Scrubber System
Flex-Kleen
Bag Houses
Systems Rotary
Concentrator and
Recuperative
Thermal Oxidizer
Strobic Air Patented
Tri-Stack™ Fans
 
 

 
Growth Drivers
§ Global growth of “green”
 manufacturing processes
  Reduce costs
  Reduce energy
  Improve manufacturing performance
  Meet increasing
 regulatory requirements
§ Focus on niche markets
  Limited competition
  International brand recognition
§ MRO, upgrade and retro-fit opportunities
 from expanding installed base
§ New markets
  Geographic expansion
  New product introductions
  Acquisitions and/or
 technology licensing
 
 

 
New Products
 New Duall Hydro-Lance® wet particulate collector
 Successfully commissioned and started-up a thermal oxidizer revamp at an
 ethanol plant that is the first known facility to recover water from the flue
 gas
 Introduced a unique, new patented Keystone GIANT® filter housing and a
 new line of sub-micronic filter cartridges
 New 4x6x13 FRP magnetic drive pump, largest in industry
 Introduced a high capacity, high temperature Mefiag filter line
 Introduced a 75 horsepower Strobic Air Tri-Stackfan designed for high
 pressure and high flow
 
 

 
Growth Strategies
 Increase penetration in existing markets
 Expand geographic reach
 
 Globally penetrate new markets
 
 New product development
 
 Strategic acquisitions and technology
 licensing agreements
 
 Global sourcing
 
 Strong customer focus
 
 

 
Margin Improvement Strategies
 Expand operating margin through:
  Pricing power
  Single source solutions
  Global sourcing
  Volume discounts
  Consolidation
  Improved project execution
  Leverage operating expenses
  Higher margin international sales
 
 

 
 
 

 
$50.8
Sales
 
 

 
 Improved execution, better product mix leading to widening margins
Gross Margins
 
 

 
*
16.5%
13.2% Excluding Gain On Sale Of Building
*
*
Operating Margin
 
 

 
Cash Flow From Operations
 
 

 
*
*
Excludes Gain On Sale Of Building
*
Diluted EPS
 
 

 
LTD
07/31/08
Total
Assets
Shareholders
Equity
Cash
$3.8
$109.4
$86.7
$22.7
( $ Millions )
Quarterly Dividend Rate $0.055/share
$1.47 per
share
Strong Financial Condition
 
 

 
Summary
 Record sales and earnings
 Three consecutive years of rising sales ~
 exceeded $100 million for first time in history
 International brand recognition driving rapid global
 growth
 Growing base of installed equipment creates recurring
 demand for parts and consumables ~ 40% of sales
 Improved efficiencies, product mix, scale economies
 driving margin expansion
 Strong momentum
 Strong pace of business activity
 Strong balance sheet