robbins & myers, inc.1 bear stearns investor conference december 7, 2005

1 Robbins & Myers, Inc.

Bear Stearns Investor Conference

December 7, 2005


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.


A Leading Global Supplier of Fluid

Management and Process Solutions

Equipment and Systems

for the

Energy, Chemical, Industrial and

Pharmaceutical

Markets


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


( $ 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


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


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)


FLUID MANAGEMENT


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


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


PROCESS SOLUTIONS


MARKET DRIVERS – PSG

Capacity utilization - CPIFine chemical demand

China

New API manufacturing capacityIndia

General U.S. economic environment, food, pulp and paper, wastewater treatment.


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


Romaco


MARKET DRIVERS – ROMACO

New drug discoveryEmerging marketsAging populationGrowth of generic drugsDirect consumer advertisingDemand for nutritional products


SERVED MARKETS

Pharmaceutical35%

Specialty Chemicals22%

Oil & Gas23%

Other12%

Health & Beauty3%

Wastewater Treatment

5%

2005 Sales


STRONG AFTERMARKET SALES

Aftermarket31%

Original Equipment

69%

2005 Sales


GLOBAL SALES

Asia &Australia

15%

South America

4%

Canada & Mexico

12%

32%

United States

37%Europe

2005 Sales


GLOBAL MANUFACTURING PRESENCE

5 PSG6 FMG1 Romaco

2 PSG2 FMG

5 PSG2 FMG11 Romaco 3 PSG

2 FMG1 Romaco


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


2005 OPERATIONAL INITIATIVES


ROMACO UPDATE – 2005

Potential buyers identified and offers being reviewed

Restructuring program continuesFinal outcome to be negotiated by end of

calendar year


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


LOOKING FORWARD

Fluid Management GroupProcess Solutions GroupRomacoFY 2006 initiativesPlant consolidationsLow cost sourcingSharing resources across groupLeverage manufacturing

capability/capacityPension program


FINANCIAL SUMMARY


$ 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


NET INCOME($ in millions)

$14.6$11.6

-$0.3

2003 2004 2005


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


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 %


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?

robbins & myers, inc.1 bear stearns investor conference december 7, 2005

Documents