Lincoln Electric Holdings (LECO) Presents At Morgan Stanley Virtual 9th Annual Laguna Conference - Slideshow

Financial Performance & Strategy - Lincoln Electric reported a Q2 organic sales increase of 36%[6], driven by a 26% increase in volumes[6] - The company's Q2 performance saw approximately 80% of revenue from end sectors growing at a double-digit pace[6] - Lincoln Electric expects a high-teens percent organic sales growth for FY2021, reflecting H1-21 pricing actions[8] - The company's "Higher Standard 2025" strategy targets $1 billion in automation & additive sales by 2025[18] - Lincoln Electric's average annual sales growth target is mid-to-high single-digit percent[19], with an average 15% adjusted operating income margin[19] Balance Sheet & Capital Allocation - Lincoln Electric has a solid balance sheet with a total debt/EBITDA ratio of 1.55x and a net debt/EBITDA ratio of 1.15x as of June 30, 2021[9] - The company's total debt is $729 million and net debt is $538 million[9] - Lincoln Electric has ample liquidity of $767 million, including $191 million in cash and $576 million in available lines of credit[9] - The company expects >90% cash conversion in 2021[9] - Lincoln Electric's dividend has increased annually for 25 consecutive years, with a 4.1% CAGR from 2012-2021[34, 27]