EX-99.1 3 t19339_ppt.txt PRESENTATION Opportunities for Global Expansion [Thomas Logo] Thomas Industries Inc. & The Genlyte Group Incorporated Thomas Genlyte ------ ------- Number of shares outstanding 17.6M 13.5M Price 11/7/03 $31.03 $50.88 Market Cap $534M $686M Symbol TII GLYT Exchange NYSE NASDAQ Net sales through 9/30/03 $277,141M $764.795M EPS $1.64 $2.53 [Genlyte Thomas Logo] Genlyte Thomas Group LLC ($000s) 9 mos. 9 mos. (000s) ended 9/30/03 ended 9/30/02 ================================================================================ Net Sales $764,795 $728,061 Operating Income 81,081 73,202 Net Income 74,542 66,163 ======== ======== TI 32% Share 23,853 21,172 Stock Option Expense (208) (150) -------- -------- T.I. Equity Earnings $23,645* $ 21,022 ======== ======== *Includes $2.272 million for a litigation settlement [Genlyte Thomas Logo] Key Balance Sheet Items ($000s) 9/30/03 ------- Cash $121,631 Working capital $252,424 Total assets $731,261 Long term debt $ 15,702 Equity $483,258 [Rietschle Thomas Logo] Sales by Region [graphic omitted] North America Europe Asia Pacific ------------- ------ ------------ 42% 49% 9% [Rietschle Thomas Logo] Sales by Market [graphic omitted] Medical C&I Printing Environ. Service Distr. Packaging Other Foundry Autom. Lab Liquid ------- --- -------- -------- ------- ------ --------- ----- ------- ------ --- ------ 21% 17% 12% 9% 9% 6% 5% 5% 5% 4% 4% 3%
Opportunities for FINANCIALS Global Expansion [Thomas Industries Inc. Logo] Opportunities for Global Expansion [Thomas Logo] Income Statement ($000s) 9 mos. 9 mos. Ended ended % 9/30/03 9/30/02 change ------- ------- ------ Net Sales $277,141 $155,226 78.5% Operating Inc. from Pumps & Compressors $ 27,906 $ 23,303 19.8% Equity income from Ltg. $ 23,645* $ 21,022 12.5% Corporate expense $ 5,512 $ 4,506 22.3% Net Income $ 28,821* $ 24,042 19.9% E.P.S. Diluted $ 1.64* $ 1.50 9.3% *Includes non-recurring pre-tax gain of $2,272,000 net of legal fees due to the settlement of GTG's patent infringement lawsuit. Net income impact of $1,400,000 or $.08 per share. Opportunities for Global Expansion [Thomas Logo] Pumps and Compressors Sales and Operating Income by Region (000's) Operating Sales Income* Op. Inc. % ----- ------ ---------- North America $115,704 $18,091 15.6% Europe 136,997 8,678 6.3% Asia 24,440 1,137 4.7% -------- ------- ---- Total $277,141 $27,906 10.1% * Excludes corporate expense of $5,512 Opportunities for Global Expansion [Thomas Logo] Thomas Industries Key Balance Sheet Items (000s) 9/30/03 12/31/02 ------- -------- Cash $ 21,500 $ 18,879 Working capital $ 88,619 $ 82,030 Investment in GTG $ 210,342 $ 188,810 Goodwill $ 60,089 $ 55,669 Total assets $ 544,831 $ 491,016 Long term debt $ 104,307 $ 104,047 Equity $ 352,603 $ 314,367 Opportunities for Global Expansion [Thomas Logo] Long-Term Debt and Net Worth 1999-Sept. 2003 ($000s) [graphic omitted] 1999 2000 2001 2002 9/30/2003 ---- ---- ---- ---- --------- Net Worth 209,000 217,000 238,000 314,000 353,000 Long-term Debt 41,000 41,000 25,000 104,000 104,000 Opportunities for Global Expansion [Thomas Logo] Capitalization 9/30/03 12/31/02 ------- -------- Cash $ 21,500 $ 18,879 Notes Payable 5,010 1,460 C P-Debt 9,771 9,362 LT-Debt 104,307 104,047 ------- ------- Net Debt $ 97,588 $ 95,990 Shareholders Equity $352,603 $314,367 Debt/Capital 22.8% 24.9% Credit Available $ 31,000 $ 42,000 Opportunities for Global Expansion [Thomas Logo] Projected Capital Expenditures and Depreciation Expense Capital Expenditures Depreciation Expense 2004 2003 2004 2003 ---- ---- ---- ---- North America $ 5,250 $ 5,600 $ 6,240 $ 6,400 Europe 10,100 13,250 8,000 7,500 Asia 400 650 360 300 --- --- --- --- Total $15,750 $ 19,500 $14,600 $14,200 Opportunities for Global Expansion [Thomas Logo] EPS 1993-2003 [graphic omitted] 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- $.25 $.70 $.83 $1.09 $1.38 $1.50 $1.62 $1.86 $1.80 $2.00 $2.05(A)(B) (A) Excludes non-recurring gain (B) Baird estimate
Opportunities for Global Expansion [Thomas Logo] Stock Performance -- Comparative Five-Year Total Returns [graphic omitted] 1998 1999 2000 2001 2002 9/30/2003 ---- ---- ---- ---- ---- --------- TI Stock 100 105.88 122.25 133.12 140.49 155.34 S&P 500 100 121.04 110.03 96.95 75.53 86.65 S&P 600 100 109.96 122.61 130.62 110.63 133.75 Val Line Machinery 100 136.2 140.16 173.06 173.22 228 Assumes $100 invested at the close of trading 12/31/98. Cumulative total return assumes reinvestment of dividends. Opportunities for Global Expansion [Thomas Logo] Market Capitalization (millions) [graphic omitted] 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 9/30/2003 ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- --------- $91.3 131.9 145.0 237.8 219.7 313.2 308.9 322.1 349.9 380.8 446.3 491.3