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danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
danaher 05_4Q-PRESO
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danaher 05_4Q-PRESO

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  • 1. FOURTH QUARTER 2005 EARNINGS RELEASE > JANUARY 26, 2006
  • 2. FORWARD LOOKING STATEMENTS Statements in this document that are not strictly historical, including statements regarding events or developments that we believe or anticipate will or may occur in the future, may be quot;forward-lookingquot; statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These factors include, among other things, litigation and other contingent liabilities, the Company's ability to achieve projected efficiencies, cost reductions, sales growth and earnings, economic conditions in the end-markets the Company sells into, the Company's ability to expand its business in new geographic markets, commodity costs and surcharges, competition, market demand for new products, currency exchange rates, the integration of acquired businesses, changes in the market for acquisitions and divestitures, regulatory approvals and the Company's ability to consummate announced acquisitions, and general economic conditions. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings.
  • 3. FOURTH QUARTER 2005 PERFORMANCE SUMMARY EARNINGS PER SHARE REVENUES +21% +21.5% +14.5% +16% $7,985 $2.79 $6,889 0.81 $2.30 $2,264 0.67 $1,980 Q4 04 Q4 05 Q4 04 Q4 05 2004 2004 2005 2005 Core 5.5% Core 4.5% Acquisition 11.5% Acquisition 11.5% FX (2.5%)
  • 4. FOURTH QUARTER 2005 PERFORMANCE SUMMARY SG & A GROSS MARGINS +80 BPS +120 BPS +40 BPS +120 BPS 27.3% 43.0% 43.2% 26.8% 26.4% 26.1% 42.2% 42.0% Q4 04 Q4 05 2004 Q4 04 Q4 05 2005 2004 2005
  • 5. FOURTH QUARTER 2005 PERFORMANCE SUMMARY OPERATING PROFIT OPERATING MARGINS +16% +16% +20 BPS Flat $1,280 $1,105 $368 16.0% 16.2% $316 16.0% 16.0% Q4 04 Q4 05 Q4 04 Q4 05 2004 2005 2004 2005 Acquisition Impact Acquisition Impact Q4 05 Approx -75 BPS 2005 Approx -40 BPS
  • 6. FOURTH QUARTER 2005 PERFORMANCE SUMMARY NET INTEREST EXPENSE TAX RATE -41% -100 BPS $11.5 28.5% 27.5% $6.8 Q4 04 Q4 05 Q4 04 Q4 05
  • 7. FOURTH QUARTER 2005 PERFORMANCE SUMMARY NET INCOME +20% +21.5% $908 $746 $262 $218 Q4 04 Q4 05 2004 2005
  • 8. FOURTH QUARTER 2005 PERFORMANCE SUMMARY OPERATING CASH FLOW CAP EX FREE CASH FLOW +5% +18% +16.5% $1,204 $1,083 $1,033 $121 $116 $917 2004 2005 2004 2004 2005 2005
  • 9. FOURTH QUARTER 2005 PROFESSIONAL INSTRUMENTATION REVENUES OPERATING MARGINS +27.5% +23.5% -80 BPS -80 BPS $3,782 18.7% 18.5% $2,964 17.7% 17.9% $1,170 $947 Q4 04 Q4 05 Q4 04 Q4 05 2004 2005 2004 2005 Core 5.5% Core 5.0% Acquisition Impact Acquisition Impact Acquisition 21.5% Acquisition 23.0% Q4 05 Approx -190 BPS 2005 Approx -90 BPS FX (3.5%) FX (0.5%)
  • 10. FOURTH QUARTER 2005 ENVIRONMENTAL 4Q 05 vs. 4Q 04 Revenue Growth 9.5% Breakdown: Core 8.5% Acquisition 4.0% FX (3.0%) 2005 vs. 2004 Revenue Growth 12.5% Breakdown: Core 5.0% Acquisition 7.5%
  • 11. FOURTH QUARTER 2005 ELECTRONIC TEST 4Q 05 vs. 4Q 04 Revenue Growth 9.0% Breakdown: Core 1.0% Acquisition 9.0% FX (1.0%) 2005 vs. 2004 Revenue Growth 16.0% Breakdown: Core 6.5% Acquisition 8.5% FX 1.0%
  • 12. FOURTH QUARTER 2005 MEDICAL TECHNOLOGIES 4Q 05 vs. 4Q 04 Revenue Growth 55.5% Breakdown: Core 5.5% Acquisition 56.0% FX (6.0%) 2005 vs. 2004 Revenue Growth 75.5% Breakdown: Core 2.5% Acquisition 75.0% FX (2.0%)
  • 13. FOURTH QUARTER 2005 INDUSTRIAL TECHNOLOGIES REVENUES OPERATING MARGINS +11% +8.5% +140 BPS +60 BPS $2,908 16.3% $2,619 14.9% 15.2% 14.6% $744 $687 Q4 04 Q4 05 2004 Q4 04 Q4 05 2005 2004 2005 Core 6.0% Core 5.0% Acquisition 5.0% Acquisition 6.0% FX (2.5%)
  • 14. FOURTH QUARTER 2005 PRODUCT IDENTIFICATION 4Q 05 vs. 4Q 04 Revenue Growth 21.0% Breakdown: Core 10.5% Acquisition 13.0% FX (2.5%) 2005 vs. 2004 Revenue Growth 26.0% Breakdown: Core 9.5% Acquisition 16.0% FX 0.5%
  • 15. FOURTH QUARTER 2005 MOTION 4Q 05 vs. 4Q 04 Revenue Growth 0.5% Breakdown: Core 3.0% Acquisition 1.5% FX (4.0%) 2005 vs. 2004 Revenue Growth 2.5% Breakdown: Core 0.5% Acquisition 2.5% FX (0.5%)
  • 16. FOURTH QUARTER 2005 TOOLS & COMPONENTS REVENUES OPERATING MARGINS -1.0% +1.0% +40 BPS +20 BPS $1,306 $1,294 15.2% 15.4% 14.2% 14.6% $349 $346 Q4 04 Q4 05 Q4 04 Q4 05 2004 2005 2004 2005 Core 4.0% Core 4.0% Divestiture -3.0% Divestiture -5.0%
  • 17. FOURTH QUARTER 2005 MECHANICS HAND TOOLS 4Q 05 vs. 4Q 04 Revenue Growth 1.0% Breakdown: Core 1.0% 2005 vs. 2004 Revenue Growth 4.0% Breakdown: Core 4.0%
  • 18. 2006 OUTLOOK Guidance
  • 19. 2006 OUTLOOK Q&A
  • 20. >

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