EX-99.1 2 ex99.htm EXHIBIT 99 - INVESTOR PRESENTATION MARCH 24, 2009 ex99.htm

 

 
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.
 

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


NYSE: MPR
 

 
Overview
§ FY 2009 was one of the best years in the Company’s history
 despite a weak economic environment
§ Record earnings*
  Strong Balance Sheet
§ Expanding gross margins, operating margins
§ Bookings in 2009 of $101.8M, up 9% from 2008
§ Recognized for third consecutive year as one of America’s
 “200 Best Small Companies” by Forbes Magazine
*Excluding gain on sale of real estate in FY 2008.
 

 
Investment Highlights
§ Record FYE 2009 earnings*
§ Strong balance sheet
§ Brand recognition driving global expansion
§ 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
§ Dividend paid for 34 consecutive years
*Excluding gain on sale of real estate in FY 2008.
 

 
Businesses
Product Recovery/
Pollution Control
48.3%
Filtration/
Purification
11.5%
Fluid Handling
29.4%
Mefiag
Filtration
10.8%
2009 Sales
 

 
International
§ Countries around the globe
 continue to invest in
 expanding their industrial
 infrastructure
§ Expanding International
 Sales/Marketing
 Organization to capitalize on
 global opportunities
FY 2008
FY 2009
25.7%
International
Sales
74.3%
U.S. Sales
71.7%
U.S. Sales
28.3%
International
Sales
 

 
Europe
35.7%
Asia
19.5%
Canada
17.1%
Africa &
Middle East
15.5%
Other
12.2%
International Sales
International Sales
 

 
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
§ Upgraded AroBIOS® biological scrubber product line
§ Introduced new line of nano-filtration products
§ Continued expansion of “All FRP” sealless
 pump line
§ Introduced new energy-saving laboratory exhaust
 control system
§ Developed Cantor corrosion monitoring device
§ Introduced FountainClear™ filter
 

 
Growth Strategies
§ Increase penetration in existing markets
§ Expand geographic reach
§ Globally penetrate new markets
§ New product development
  Especially products with recurring
 revenue opportunities
§ 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
 

 
 

 
Sales
 

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

 
Operating Margin
 

 
Diluted EPS
*Excludes $2.2 million gain on sale of real estate.
 

 
Cash Flow From Operations
 

 
LTD
Strong Financial Condition
01/31/09
Total
Assets
Shareholders
Equity
Cash
$3.8
$104.8
$78.8
$21.8
($ Millions)
Quarterly Dividend Rate $0.06/share
$1.49 per
share
 

 
Summary
§ Record earnings and over $100 million in sales
 for 2
nd consecutive year*
§ Strong balance sheet
§ International brand recognition driving global
 expansion
§ Growing base of installed equipment creates
 recurring demand for parts and consumables ~
 40% of sales
§ Improved efficiencies, product mix, scale
 economies driving margin expansion
*Excluding gain on sale of real estate in FY 2008.