This presentation provides an overview of DMC and its business for investors. It summarizes DMC's financial highlights including its market capitalization, revenue, earnings, cash flow, and dividend. It also summarizes DMC's executive management team, business segments, global presence, and financial performance by region. The presentation cautions that it contains forward-looking statements and discusses the use of non-GAAP financial measures to evaluate the company's performance.
Rexnord Corporation (RXN) Q4 Fiscal Year 2020 Financial ResultsRexnord
Rexnord Corporation's 4Q FY2020 Financial Results
- Net sales increased +2% year over year
- Acquisitions increased sales by +1%
- Core sales(1) increased +1% year over year
- 8020 product line simplification reduced growth by 180 bps
- Adjusted EBITDA(1) of $124 million increased +3% year over year
- Diluted Earnings Per Share from Continuing Operations of $0.23
- Includes $0.23 per share non-cash actuarial loss on pension and OPEB
To view this presentation - or any of our previously published financial quarter presentations - please visit https://investors.rexnordcorporation.com/events-and-presentations/presentations/default.aspx
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Cautionary Statement Regarding Forward-looking Information
This presentation contains, and the Company may from time to time make, written or oral "forward-looking statements" within the
safe harbor provisions of the Private Securities Litigations Reform Act of 1995. These statements include information with respect
to our financial condition and its results of operations and businesses. Words such as "anticipates," "expects," "intends," "plans,"
"believes," "seeks," "estimates," "may," "will," "continue," "project" and similar expressions, as well as statements in the future
tense, identify forward-looking statements.
These forward-looking statements are not guarantees of our future performance and are subject to risks and uncertainties that
could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and
uncertainties include:
• The ability to obtain new contracts at attractive prices;
• The size and timing of customer orders;
• Fluctuations in customer demand;
• Competitive factors;
• The timely completion of contracts;
• The timing and size of expenditures;
• The timely receipt of government approvals and permits;
• The adequacy of local labor supplies at our facilities;
• The availability and cost of funds;
• General economic conditions, both domestically and abroad;
• The successful integration of acquisitions; and
• Fluctuations in foreign currencies.
The effects of these factors are difficult to predict. New factors emerge from time to time and we cannot assess the potential
impact of any such factor on the business or the extent to which any factor, or combination of factors, may cause results to differ
materially from those contained in any forward-looking statement. Any forward-looking statement speaks only as of its date and we
do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of such
statement or to reflect the occurrence of unanticipated events. In addition, see "Risk Factors" for a discussion of these and other
factors.
You are encouraged to read the SEC reports of DMC, particularly its Form 10-K for the Fiscal Year Ended December 31, 2010 for
meaningful cautionary language disclosing why actual results may vary materially from those anticipated by management.
1
3. Cautionary Statement Regarding Forward-looking Information
Use of Non-GAAP Financial Measures
Non-GAAP results used in this presentation are provided only as a supplement to the financ ial statements based on U.S. generally
ac c epted ac c ounting princ iples (GAAP). The non-GAAP financ ial information is provided to enhanc e the reader's understanding of
DMC’s financ ial performanc e, but no non-GAAP measure should be c onsidered in isolation or as a substitute for financ ial measures
c alc ulated in ac c ordanc e with GAAP. Rec onc iliations of the most direc tly c omparable GAAP measures to non-GAAP measures are
provided within the sc hedules attac hed to this release.
EBITDA is defined as net inc ome plus or minus net interest plus taxes, deprec iation and amortization. Adjusted EBITDA exc ludes stoc k-
based c ompensation and, when appropriate, other items that management does not utilize in assessing DMC’s operating performanc e
(as further desc ribed in the attac hed financ ial sc hedules). None of these non-GAAP financ ial measures are rec ognized terms under
GAAP and do not purport to be an alternative to net inc ome as an indic ator of operating performanc e or any other GAAP measure.
Management uses these non-GAAP measures in its operational and financ ial dec ision-making, believing that it is useful to eliminate
c ertain items in order to foc us on what it deems to be a more reliable indic ator of ongoing operating performanc e and the c ompany’s
ability to generate c ash flow from operations. As a result, internal management reports used during monthly operating reviews feature
the adjusted EBITDA. Management also believes that investors may find non-GAAP financ ial measures useful for the same reasons,
although investors are c autioned that non-GAAP financ ial measures are not a substitute for GAAP disc losures. EBITDA and adjusted
EBITDA are also used by researc h analysts, investment bankers, and lenders to assess operating performanc e. For example, a measure
similar to EBITDA is required by the lenders under DMC’s c redit fac ility.
Bec ause not all c ompanies use identic al c alc ulations, DMC’s presentation of non-GAAP financ ial measures may not be c omparable to
other similarly-titled measures of other c ompanies. However, these measures c an still be useful in evaluating the c ompany’s
performanc e against its peer c ompanies bec ause management believes the measures provide users with valuable insight into key
c omponents of GAAP financ ial disc losures. For example, a c ompany with greater GAAP net inc ome may not be as appealing to
investors if its net inc ome is more heavily c omprised of gains on asset sales. Likewise, eliminating the effec ts of interest inc ome and
expense moderates the impac t of a c ompany's c apital struc ture on its performanc e.
All of the items inc luded in the rec onc iliation from net inc ome to EBITDA and adjusted EBITDA are either (i) non-c ash items (e.g.,
deprec iation, amortization of purc hased intangibles and stoc k-based c ompensation) or (ii) items that management does not c onsider to
be useful in assessing DMC’s operating performanc e (e.g., inc ome taxes and gain on sale of assets). In the c ase of the non-c ash items,
management believes that investors c an better assess the c ompany’s operating performanc e if the measures are presented without suc h
items bec ause, unlike c ash expenses, these adjustments do not affec t DMC' ability to generate free c ash flow or invest in its business. For
example, by adjusting for deprec iation and amortization in c omputing EBITDA, users c an c ompare operating performanc e without
regard to different ac c ounting determinations suc h as useful life. In the c ase of the other items, management believes that investors c an
better assess operating performanc e if the measures are presented without these items bec ause their financ ial impac t does not reflec t
ongoing operating performanc e.
2
4. Key Data
(As of 3/26/10)
Symbol: NASDAQ GS: BOOM
52-week range: $8.50 - $23.17
Average daily trading volume (3 mo.): 173,416
Approx. market capitalization: $202 million
Shares outstanding: 13 million
Approximate float: 12.3 million
Fiscal year end: December 31
2009 revenue: $164.9 million
2009 EPS: $0.66
2009 EBITDA: $26.8 million
2009 operating cash flow: $29.5 million
Cash (12/31/09): $22.4 million
Quarterly dividend: $0.04
3
5. Executive Management
! Yvon Pierre Cariou - President and CEO
! Richard A. Santa - Sr. Vice President,
CFO and Secretary
! John G. Banker - Sr. Vice President,
Customers and Technology
! Rolf Rospek - CEO, DYNAenergetics and
Oilfield Products segment
4
6. Company Overview
• World’s dominant provider of explosion-welded clad metal plates
- Diversified customer base in 8 primary end markets
- Significant barriers to entry
- International network of production and sales facilities
- $50 million order backlog at end of 2009
• Three business segments provide diversified revenue streams
• Strong operating cash flow and balance sheet
• Low Cap Ex business model facilitates strong free cash flow
• Talented management with deep industry experience
• Long-term growth strategy
5
9. Business Segments
2009 Revenue by Segment
Explosive Metalworking Oilfield Products AMK Welding
$134.1 Million $ 21.8 Million $ 9.0 Million
8
10. DMC’s Global Presence
Corporate Headquarters Oilfield Products Headquarters
Explosion Welding production centers Oilfield Products subsidiaries
Explosion Welding sales offices and agents Oilfield Products sales agents
9
11. DMC 2009 Revenue by Region
Russia
North America 5%
Europe
47% 23%
Asia
17%
Australia
2%
Other Countries -– 6%
10
12. Competing Cladding Technologies
Explosion Weld
Rollbond Weld Overlay
• Performed by small field of
• Performed by small international competitors led by • Arc-welding process
group of international Dynamic Materials Corporation typically performed
hot rolling steel mills by metal fabricators
• Most versatile cladding technology
• Thickness niche is • Thickness niche is
generally 2” and less • Only cladding process that can generally 6” and
address both compatible and non- greater
• Compatible metals compatible metals
only • Compatible metals
• Thickness sweet-spot is 1” to 6” only
Explosive Metalworking 11
14. Explosion Clad - a Critical Weapon in the Battle Against Rust
! “…a major industry challenge
is the ‘rust crisis’ in the global
energy infrastructure”
! “Worldwide energy
infrastructure too old”
! Most infrastructure “far
beyond original design life”
From presentation at 2009 Offshore Technology Conference
Matthew Simmons, Chairman - Simmons & Company International
Explosive Metalworking 13
15. Explosion Welding – a Key Step in Pre-fabrication Process
Explosion
Metal Suppliers Welding Fabricators
MILLS & SERVICE CENTERS
Sourced Metals End Users
• Carbon Steel
• Nickel Alloys
• Titanium
• Zirconium
Explosive Metalworking 14
16. Selected End Markets Served by Explosion Welding
Corrosion
• Oil & Gas industry • Power generation
• Petrochemicals / chemicals • Hydrometallurgy
• Alternative energy • Industrial refrigeration
Transition Joints
• Aluminum production • Shipbuilding
Above are several of the many industries that rely on explosion welding
Explosive Metalworking 15
17. End Users Include Leading Players in Respective Fields
Fabricators
Morimatsu Group China
End Users
Chemicals Refinery Mining Engineering
Explosive Metalworking 16
18. DMC’s Dominant Industry Position Protected by Significant
Barriers to Entry
" Global network of specialty-metals suppliers
" Permits and shooting sites in U.S., France, Sweden & Germany
" Mastery of explosion-welding process in large-scale production
" Strong working relationships with end-market customers
Explosive Metalworking 17
19. Oilfield Products Segment
• Manufactures explosive perforating
systems and seismic devices for the
international oil & gas services industry
• Growing presence in critical
international energy markets
• Recognized within industry for product
and technology innovation
• Extension of DMC’s expertise in
specialized explosive manufacturing
processes
• Generated 13% of DMC sales in 2009
Oilfield Products 18
20. Explosive Perforating
The Perforation Process
1. After a wellbore is drilled and the
cement casing is in place, a
perforating gun is deployed into
the well
2. The gun is fired, sending steel
projectiles through the casing and
into the surrounding formation
creating “perforation tunnels”
3. Oil or gas flows through
perforation tunnels and into the
well
Oilfield Products 19