EX-99 2 ex99.htm PRESENTATION ex99.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
 
 
 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
 
 
 

 
Businesses
FY 2008
Product Recovery/
Pollution Control

53.2%
$56.9 Million
Filtration/
Purification
 
21.0%
$22.4 Million
Fluid Handling

 
25.8%
$27.6 Million
 
 

 
2008 International
 Growth in international markets
 remained strong
 Countries around the globe continue
 to invest in expanding their industrial
 infrastructure
 Sales   $30.2 million
   +34%
 Operating Income $4.1 million
    +100%
2007
75.9%
U. S. Sales
24.1%
Foreign Sales
2008
28.3%
Foreign Sales
71.7%
U. S. Sales
 
 

 
International Net Sales
For FYE 1/31/2008
$30,208,043
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
 Leading niche market company
 with established international brand
 name recognition
 Large installed base
 Improving cost structure
 Favorable regulatory environment
 Worldwide industrialization in
 emerging markets
 Reduction of energy consumption
 Upgrade and retro-fit opportunities
 End market expansion
 Process control and protection of downstream
 equipment
 Performance improvement
 
 

 
Strategy: Evolve From Product to Vendor to High
Value - Added Systems Solutions Partner
 Leveraging Breadth of Products
 $7.0 million for two (2) thermal oxidizer systems
 $3.3 million for sixteen (16) odor control systems at waste and trash
 composting facility
 $2.6 million for dust collectors - International
 $1.7 million for pumps for world’s largest saltwater aquarium
 $1.7 million to modify existing thermal oxidizer
 $900,000 for Tri-Stackfans for lab exhaust
 $700,000 for thermal oxidizer/scrubber for asian synthetic rubber
 manufacturer
 
 

 
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
 
 

 
 
 

 
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
 
 

 
Diluted EPS
 
 

 
LTD
04/30/08
Total
Assets
Shareholders
Equity
Cash
$4.0
$109.3
$84.8
$25.1
( $ Millions )
Quarterly Dividend Rate $0.055/share
$1.64 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