Parker Hannifin Corporation 2024 Investor Meeting
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For Fiscal Year Ending Jun 30, 2024
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Leading with Purpose
Parker has defined its unique contribution to the world through a new purpose statement: Enabling Engineering Breakthroughs that Lead to a Better Tomorrow. Our purpose is a platform for growth, change and positive impact. By aligning ourselves around purpose today, we will be better positioned for the challenges and opportunities of tomorrow.
The Win Strategy™
Parker’s business system, The Win Strategy™ is a proven set of tools and metrics to help our teams serve customers and grow profitably.
Download PDFExpanding the Success of The Win Strategy™
Over time, we have continued to build upon the transformation of The Win Strategy™ to strengthen Parker's performance and position us for growth opportunities.
Original Win Strategy
Parker’s Business system
Tools and best practices for Parker's decentralized organization.
Win Strategy 2.0
Focus on top quartile performance
Elevating team member engagement and safety.
Win Strategy 3.0
Accelerating growth & margin expansion
Defining our purpose: Enabling engineering breakthroughs that lead to a better tomorrow.
Unmatched Breadth of Core Technologies
Hydraulics
Pneumatics
Electro-Mechanical
Filtration
Engineered Materials
Process Control
Fluid & Gas Handling
Climate Control
Two-Thirds of Our Portfolio
Enables Clean Technology
Two-Thirds of Our Revenue
From customers who buy 4+ Parker technologies
Parker’s interconnected portfolio of technologies make the world cleaner, smarter and safer.
Parker’s Portfolio Transformation
Expanding Longer Cycle and Secular Trend Exposure
Parker has completed multiple strategic acquisitions that have transformed the company and strengthened our technology portfolio. This transformation has created a more resilient business with better organic growth profile, higher margins and more balance across economic cycles.
FY15
FY24
FY29
Illustration
Pattern of Record Performance
The actions Parker has taken as part of the Win Strategy have built a much more resilient and longer cycle business capable of weathering challenges. Our results, demonstrate the consistency with which Parker is executing and delivering record levels of performance.
Adjusted EPS1
| Empty Cell | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY29 |
|---|---|---|---|---|---|---|---|---|---|
| As Reported EPS |
$7.25 | $7.83 | $11.57 | $9.26 | $13.35 | $10.09 | $16.04 | $21.84 | Target |
Adjusted EBITDA1
| Empty Cell | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY29 |
|---|---|---|---|---|---|---|---|---|---|
| As Reported Net Income |
$0.98B | $1.06B | $1.53B | $1.20B | $1.75B | $1.32B | $2.08B | $2.84B | Target |
FY29 Targets
We continue to see opportunities to take our performance to even higher levels, leading us to commit to new five-year financial targets that would place us among the top quartile of our diversified industrial peer companies. We have a very promising future ahead as we drive significant shareholder value.
4-6%
Organic Growth
27%
Adjusted Segment Operating Margin
28%
Adjusted EBITDA Margin
17%
Free Cash Flow Margin
10%+
Adjusted EPS Growth
A Better Tomorrow
Parker's ongoing sustainability journey includes:
- A target to achieve carbon neutral operations by 2040.
- Empowering our team members and strengthening our communities through D&I, Safety and CSR.
- Helping customers achieve their sustainability goals with Parker technologies, which play a critical role in helping the world achieve clean energy goals.
IR Contacts
Investor Relations
Parker-Hannifin Corporation
Jeff Miller
Vice President, Investor Relations
T: 216-896-2708
phir@parker.com
Transfer Agent
Equiniti Trust Company
1110 Centre Point Curve
Mendota Heights, MN 55120
United States
T: 800-468-9716
F: 651-450-4033
http://shareowneronline.com
Footnotes
1 Adjusted numbers include certain non-GAAP financial measures. Click here for additional details and reconciliations.
2 Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Please click here for a full disclosure of forward-looking statements
3 Stock Quotes are adjusted for splits and dividends