1 Robbins & Myers, Inc.
Bear Stearns Investor Conference
December 7, 2005
2 Robbins & Myers, Inc.
CAUTIONARY STATEMENT CONCERNINGFORWARD-LOOKING INFORMATION AND
OTHER INFORMATIONIn addition to historical information, this presentation contains forward-looking statements, identified by
use of words such as “expects,” “anticipates,” “estimates,” and similar expressions. These statements
reflect the Company’s expectations at the time this release was issued. Actual events and results may
differ materially from those described in the forward-looking statements. Among the factors that could
cause material differences are a significant decline in capital expenditures in specialty chemical and
pharmaceutical industries, a major decline in oil and natural gas prices, foreign exchange rate fluctuations,
the impacts of Sarbanes-Oxley section 404 procedures, work stoppages related to union negotiations,
customer order cancellations, the ability of the Company to comply with the financial covenants and other
provisions of its financing arrangements, the ability of the Company to realize the benefits of its
restructuring program in its Pharmaceutical Segment, including the receipt of cash proceeds from the sale
of excess facilities and general economic conditions that can affect demand in the process industries. The
Company undertakes no obligation to update or revise any forward-looking statement.
This presentation refers to various non-GAAP measures. Earnings and earnings per share excluding
special items are non-GAAP financial measures. The Company believes these measures are helpful to
investors in assessing the Company’s ongoing performance of its underlying businesses before the impact
of special items on its financial performance. In addition, these non-GAAP measures provide a comparison
to our previously announced earnings guidance, which excluded these special items. Earnings and
earnings per share before special items are reconciled to earnings presented according to GAAP in our
applicable 10-Q and 10-K.
3 Robbins & Myers, Inc.
A Leading Global Supplier of Fluid
Management and Process Solutions
Equipment and Systems
for the
Energy, Chemical, Industrial and
Pharmaceutical
Markets
4 Robbins & Myers, Inc.
NEW ALIGNMENT OF PRODUCT LINES
Oilfield Equipment & Services Power Sections Wellhead Products Down-hole Pump Systems
Wastewater Treatment &Industrial Equipment
Progressing Cavity Pumps Grinding Systems
Chemical Processing Equipment Industrial Agitators & Mixing
Equipment
Specialty Chemical Processing Fluoropolymer Based Products
Chemical & Pharmaceutical
Equipment Primary Processing Glass-lined
Reactor Systems Agitation Systems Thermal Fluid Systems
Secondary Processing
Equipment for
Pharmaceutical Market
Customized Packaging Equipment
Security & Inspection Systems
FLUID MANAGEMENT PROCESS SOLUTIONS ROMACO
5 Robbins & Myers, Inc.
( $ i n t h o u s a n d s )2 0 0 5 2 0 0 4
F l u i d M a n a g e m e n tS a l e s 1 9 8 , 7 0 0 1 7 9 , 0 1 1E B I T 3 9 , 7 3 1 3 5 , 0 7 3
% 2 0 . 0 1 9 . 6
P r o c e s s S o l u t i o n s G r o u pS a l e s 2 3 8 , 6 9 8 2 3 1 , 6 0 9
E B I T e x . R e s t r u c t u r i n g * 1 0 , 4 7 6 1 0 , 0 1 1% * 4 . 4 4 . 3
E B I T 4 , 7 3 9 9 , 2 5 0% 2 . 0 4 . 0
R o m a c oS a l e s 1 6 7 , 3 7 5 1 7 5 , 1 3 8
E B I T e x . R e s t r u c t u r i n g * ( 3 , 6 2 6 ) 1 , 7 6 7% * ( 2 . 2 ) 1 . 0
E B I T ( 7 , 9 0 5 ) 1 , 7 6 7% ( 4 . 7 ) 1 . 0
* N o t a G A A P m e a s u r e* * P r o F o r m a f o r r e a l i g n m e n t o f p r o d u c t l i n e s
P R O F O R M A * * R E S U L T S O F O P E R A T I O N S
6 Robbins & Myers, Inc.
STRATEGIC FIT AND SYNERGIES
Common end markets served – CPI, oil & gas• Increase penetration into key accounts
Leverage – engineering expertise, purchasing, infrastructure cost
Expansion into international marketsConsolidation opportunities/align
manufacturingImprove profitability/ROA
7 Robbins & Myers, Inc.
BRAND PROFILE – FMG Moyno Progressing Cavity Pumps (energy,
wastewater, industrial) Yale, Hercules & Sentry Brands (pipeline closure
products & valves) Moyno ERT (hydraulic drilling power sections for
directional & horizontal drilling) New ERA Rod Guides and Rodec Tubing
Rotators (tube wear prevention equipment for rod guides & tubing rotators)
Guardian Variable Speed Drive (rod pump controller)
Moyno Ultra-Drive (drive heads)
8 Robbins & Myers, Inc.
FLUID MANAGEMENT
9 Robbins & Myers, Inc.
MARKET DRIVERS – FMG
Global demand for energyRig count year over yearWork over rig countPrice oil and gasFunding of water & wastewater projectsCPI capital/maintenance spendingGeneral U.S. industrial growth
10 Robbins & Myers, Inc.
BRAND PROFILE – PSG
Pfaudler/Tycon (glass-lined reactor & storage vessels), Chemineer (industrial mixers & agitators) & Edlon (fluoropolymer coated & lined vessels) product lines
Products used in specialty chemical, wastewater treatment, food & beverage, pulp & paper and global industrial markets
Equipment used to mix, blend, process, and store various materials
#1 or #2 market leader in respective niche markets
11 Robbins & Myers, Inc.
PROCESS SOLUTIONS
12 Robbins & Myers, Inc.
MARKET DRIVERS – PSG
Capacity utilization - CPIFine chemical demand
China
New API manufacturing capacityIndia
General U.S. economic environment, food, pulp and paper, wastewater treatment.
13 Robbins & Myers, Inc.
BRAND PROFILE – ROMACO Laetus, FrymaKoruma, Hapa and SieblerCustomized packaging equipment used in
secondary processing of pharmaceuticals & cosmetics
Equipment provides dosing, filling & sealing of vials, capsules, tubes, bottles & blister packs
Security systems & inspection systemsSignificant supplier in niche markets,
compete with IMA & Bosch on full-line systems
14 Robbins & Myers, Inc.
Romaco
15 Robbins & Myers, Inc.
MARKET DRIVERS – ROMACO
New drug discoveryEmerging marketsAging populationGrowth of generic drugsDirect consumer advertisingDemand for nutritional products
16 Robbins & Myers, Inc.
SERVED MARKETS
Pharmaceutical35%
Specialty Chemicals22%
Oil & Gas23%
Other12%
Health & Beauty3%
Wastewater Treatment
5%
2005 Sales
17 Robbins & Myers, Inc.
STRONG AFTERMARKET SALES
Aftermarket31%
Original Equipment
69%
2005 Sales
18 Robbins & Myers, Inc.
GLOBAL SALES
Asia &Australia
15%
South America
4%
Canada & Mexico
12%
32%
United States
37%Europe
2005 Sales
19 Robbins & Myers, Inc.
GLOBAL MANUFACTURING PRESENCE
5 PSG6 FMG1 Romaco
2 PSG2 FMG
5 PSG2 FMG11 Romaco 3 PSG
2 FMG1 Romaco
20 Robbins & Myers, Inc.
CHANNEL TO MARKET
PSGPfaudler/Tycon – direct sales & manufacturer
representativesChemineer – manufacturers representativesEdlon – direct sales & distributors
FMGR&M Energy – direct sales & distributorsMoyno & Tarby – distributors & manufacturer
representatives Romaco
Romaco – direct sales, distribution network & manufacturer representatives
21 Robbins & Myers, Inc.
2005 OPERATIONAL INITIATIVES
22 Robbins & Myers, Inc.
ROMACO UPDATE – 2005
Potential buyers identified and offers being reviewed
Restructuring program continuesFinal outcome to be negotiated by end of
calendar year
23 Robbins & Myers, Inc.
RESTRUCTURING UPDATE – 2005
Reduce complexity / leverage our assets Plant closures
RSG facility in ItalyRomaco facility in ItalyEdlon LPF businessRSG Facility in MexicoEdlon Bldg
Restructuring program first phase complete Capacity expansion well underway in China Product rationalization efforts continue New China RSG Plant opened in October
Sale StatusSold for $4.5 milSold for $1.6 milSold for $8.5 milOffer receivedListed for sale
24 Robbins & Myers, Inc.
LOOKING FORWARD
Fluid Management GroupProcess Solutions GroupRomacoFY 2006 initiativesPlant consolidationsLow cost sourcingSharing resources across groupLeverage manufacturing
capability/capacityPension program
25 Robbins & Myers, Inc.
FINANCIAL SUMMARY
26 Robbins & Myers, Inc.
$ 2 1 2 $ 2 3 1 $ 2 3 2 $ 2 3 9
$ 1 4 4 $ 1 5 8 $ 1 7 9 $ 1 9 9
F M G
P S G
R o m a c o
($ in millions)
SALES($ in millions)
2002 2003 2004 2005
$605
$526$561
$586
$172 $175 $167$170
27 Robbins & Myers, Inc.
NET INCOME($ in millions)
$14.6$11.6
-$0.3
2003 2004 2005
28 Robbins & Myers, Inc.
FREE CASH FLOW*
($ in millions)
$11
$29
$38
$16
$7
2001 2002 2003 2004 2005Free cash flow = cash flow from operations, less capex
*Non-GAAP measures
29 Robbins & Myers, Inc.
B A L A N C E S H E E T( $ i n t h o u s a n d s ) A u g u s t 3 1 , A u g u s t 3 1 ,
2 0 0 5 2 0 0 4
S e n i o r N o t e s 1 0 0 . 0$ 1 0 0 . 0$
S u b o r d i n a t e d C o n v e r t i b l e N o t e s 4 0 . 0 4 0 . 0
O t h e r S u b o r d i n a t e d N o t e s 2 2 . 2 2 5 . 0
R e v o l v e r - 3 . 5
O t h e r 1 3 . 2 1 3 . 2
T o t a l D e b t 1 7 5 . 4$ 1 8 1 . 7$
E q u i t y 3 0 0 . 8$ 3 0 5 . 4$
D e b t t o t o t a l c a p i t a l i z a t i o n 3 6 . 8 % 3 7 . 3 %
D e b t , n e t o f c a s h 1 5 2 . 4$ 1 7 3 . 1$
N e t D e b t t o t o t a l c a p i t a l i z a t i o n 3 3 . 6 % 3 6 . 2 %
30 Robbins & Myers, Inc.
INVESTMENT RATIONALE Strategic Focus - Fluid Management & Fluid
Processing to drive future growth
Positioned to grow in Global Markets
Strong Cash Flow Generator
Releasing Excess Assets to Fund Restructuring, Improve the Balance Sheet, and Provide for Future Growth
Robbins & Myers, Inc.
QUESTIONS?