EX-99.1 2 ex99_1.htm PRESENTATION ex99_1.htm
Exhibit 99.1
 
1

 
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.
 
2

 
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
NYSE: MPR
Met-Pro: Protecting our environment while serving
business and industry around the world
 
3

 
Investment Highlights
 Provider of green technologies for:
  Air
  Water
 Market leader in numerous niche-markets
 Strong balance sheet
  High cash balance
  Low debt
 Strong cash flows from operating activities
 Flexible manufacturing strategy
  Minimizes growth constraints
  Increases global sales competitiveness
  Reduces risks during down turns
 Experienced management team
 Dividend paid for 36 consecutive years
 
4

 
Recent Events
 Acquired the assets of Bio-Reaction Industries LLC
  Patented biological technology
  Complements existing technologies
  Strengthens our “total air solutions” value proposition
 Global Pump Solutions business unit receives largest
 pump order in its history, totaling $3.7 million
 Announced a 10% cash dividend increase
 
5

 
Continuous Improvement
 Accretive acquisitions, technology licensing and
 strategic business partnerships
 Efficiency improvements and lower costs realized
 through:
  “Lean” enterprise initiative
  Global sourcing
  More effective logistics
  Flexible manufacturing strategy
  Value engineering
  Disciplined cost management
 Increased global sales coverage
 Invested in research and development
  Producing new products
  Improving existing products
 
6

 
Businesses
Product Recovery/
Pollution Control
44.8%
Filtration/
Purification
12.7%
Fluid Handling
30.6%
 
7

 
International
 Rapid industrialization
 of international markets
 represents significant
 growth opportunity
 
FYE 2010
 
$19.6 Million
24.5%
International
Sales
75.5%
U.S. Sales
Europe
32.0%
Asia
20.6%
Canada
21.0%
Africa &
Middle East
13.0%
Other
13.4%
 
8

 
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
  Wood products
  Semiconductor/electronics
  Municipalities
  Universities
  Hospitals/public health
  Government facilities
No One Customer Accounts for
More Than 10% of Met-Pro’s Business
 
9

 
Products from Single Units…
Mefiag Filter System
Fybroc FRP Pumps
Strobic Air Patented
Tri-Stack™ Fan
Dean
Metallic Pumps
Sethco
Thermoplastic
Pumps
Keystone
Custom Filter Cartridges
Pristine Water
Treatment Chemicals
 
10

 
…to Large, Complex Systems
Dean High
Temperature Pumps
Fybroc FRP Pumps
Mefiag Filter Systems
Duall Multi Component
Hot Gas Scrubber System
Flex-Kleen
Dust Collectors
Systems Rotary
Concentrator and
Recuperative
Thermal Oxidizer
Strobic Air Patented
Tri-Stack™ Fans
Bio-Reaction
Bio-Oxidation System
 
11

 
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
 
12

 
Strategy
 Capitalize on global niche-oriented growth
 opportunities through:
  Strong customer focus
  Geographic expansion
  New product introductions
  Accretive acquisitions, technology licensing and
 strategic business partnerships
  Leveraging existing relationships to maximize
 penetration of Met-Pro products
  Optimization of synergies within Met-Pro
 
13

 
Margin Improvement Strategy
 Continue to expand margins through:
  Pricing power
  Single source solutions
  Global sourcing
  Volume discounts
  Consolidation
  Leveraged operating expenses
  Improved project execution
  Lean enterprise/continuous improvement
  Disciplined cost management
 
14

 
 
15

 
Cash Flows from Operating Activities
For FYE 1/31
$3.9
$9.9
$12.1
$15.6
 
16

 
First Half - FYE 2011
Ended 7/31
 
2010
2009
Change
New Order
Bookings
 
 
 
Net Sales

 
 
 
Gross
Profit %
 
 
 
Operating
Income
 
 
 
Net Income
 
 
 
Diluted
EPS
 
 
 
Millions ($)
$44.3
3.0
 4.4
$
0.20
15.7%
$43.7
36.2%
0.15
33.3%
$
$
$38.3
$40.5
 3.2
$
2.1
$
$
34.8%
7.9%
36.0%
38.8%
¯
 
17

 
Strong Financial Condition
 
7/31/2010
Cash
 
Total Assets
 
Total Debt
 
Shareholders’ Equity
 
Millions ($)
34.2
$106.2
4.0
82.1
$2.33
per share
Debt to Equity
Ratio = 4.9%
$
$
$
 
18

 
36 Straight Years of Dividends
* Reflects 10% Dividend Increase
$.191
$.207
$.230
$.240
$.264*
For FYE 1/31
 
19

 
Summary
 
20