Attached files
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| 8-K - FORM 8-K - BUCYRUS INTERNATIONAL INC | d8k.htm |
 Annual Meeting of Bucyrus Stockholders:
A Decade in Review
April 21, 2011
Exhibit 99.1 |
 1
Agenda
1. Call to Order
Theodore C. Rogers,
Chairman
2. Introductions
Theodore C. Rogers,
Chairman
3. Meeting Procedures
Theodore C. Rogers,
Chairman
4. Report of the Inspectors of Election on Attendance
Craig R. Mackus,
Secretary
5. Business of the Meeting
Theodore C. Rogers,
Chairman
a.
Election of Directors
b.
Advisory Vote to Approve the Compensation of Our Named Executive
Officers
c.
Advisory Vote on the Frequency of the Advisory Stockholder Vote on
Executive Compensation
d.
Ratification of the Appointment of Independent Accountants
6. President and CEO’s Presentation and Stockholder Written Questions
Timothy W. Sullivan,
President & CEO
7. Adjournment
Theodore C. Rogers,
Chairman |
 2
Forward-Looking Statements
Certain statements made by us in this presentation that are not
historical facts or that relate to our future plans, expectations, events
or performance are forward-looking statements within the meaning of
the federal securities laws. Our actual results may differ materially
from those expressed in any forward-looking statements made by us.
Forward-looking statements involve a number of risks and
uncertainties
including,
but
not
limited
to,
the
risks
described
under
the
heading
“Risk
Factors”
in
our
2010
Form
10-K
filed
with
the
Securities and Exchange Commission on March 1, 2011. All forward-
looking statements are qualified by these risks and uncertainties. We
undertake no obligation to update the information contained in any
forward-looking statements unless required by law.
|
 3
Theodore C. Rogers
Chairman of the Board
Board of Directors
Timothy W. Sullivan
President & CEO
Michelle L. Collins
Paul W. Jones
Deepak T. Kapur
Gene E. Little
Robert K. Ortberg
Robert L. Purdum
Robert C. Scharp |
 4
Officers
Timothy W. Sullivan
President & CEO
Luis de Leon
Chief Operating Officer
Craig R. Mackus
Chief Financial Officer & Secretary
James M. (Buddy) Robinson
Senior Vice President & General Counsel
Aaron G. Slator
Senior Vice President, Strategic Services
William S. Tate
Executive Vice President
John F. Bosbous
Treasurer |
 5
Agenda
1. Call to Order
Theodore C. Rogers,
Chairman
2. Introductions
Theodore C. Rogers,
Chairman
3. Meeting Procedures
Theodore C. Rogers,
Chairman
4. Report of the Inspectors of Election on Attendance
Craig R. Mackus,
Secretary
5. Business of the Meeting
Theodore C. Rogers,
Chairman
a.
Election of Directors
b.
Advisory Vote to Approve the Compensation of Our Named Executive
Officers
c.
Advisory Vote on the Frequency of the Advisory Stockholder Vote on
Executive Compensation
d.
Ratification of the Appointment of Independent Accountants
6. President and CEO’s Presentation and Stockholder Written Questions
Timothy W. Sullivan,
President & CEO
7. Adjournment
Theodore C. Rogers,
Chairman |
 Annual Meeting of Bucyrus Stockholders:
A Decade in Review
April 21, 2011 |
 7
Premier Mining Equipment Supplier
2000
2000
Rope Shovels
Drills
Draglines
Surface Mining Equipment
Underground Mining Equipment
Dozers
Wheel
Loaders
Mining
Trucks
Hydraulic
Excavators
Surface Drills
Rope Shovels
Draglines
Surface Belt
Systems
U/G Belt
Systems
LW Support
LW AFC
LW Shearers
LW Plow
Systems
U/G Drills
HR Trans
R&P CM
R&P Trans
Atlas
Copco
Sandvik
CAT
Boart
Longyear
Boart
Longyear
Bucyrus
Letourneau
Joy Global
Joy Global
Liebherr
Komatsu
Atlas Copco
Hitachi
Caterpillar
Sandvik
Sandvik |
 8
Premier Mining Equipment Supplier
2007
2007
Rope Shovels
Drills
Draglines
Longwall
Room & Pillar
Belt Systems
Surface Mining Equipment
Underground Mining Equipment
Dozers
Wheel
Loaders
Mining
Trucks
Hydraulic
Excavators
Surface Drills
Rope Shovels
Draglines
Surface Belt
Systems
U/G Belt
Systems
LW Support
LW AFC
LW Shearers
LW Plow
Systems
U/G Drills
HR Trans
R&P CM
R&P Trans
Atlas
Copco
Sandvik
CAT
Boart
Longyear
Boart
Longyear
Sandvik
Sandvik
Letourneau
Bucyrus
Joy Global
Joy Global
Liebherr
Komatsu
Atlas Copco
Caterpillar
Hitachi
Bucyrus |
 9
Premier Mining Equipment Supplier
2010
2010
Hydraulic Excavators & Rope Shovels
Drills
Draglines
Longwall
Room & Pillar
Belt Systems
Mining Trucks
Highwall
Miner
*Bucyrus
Manufactures
Electric
Drive
Mining
Trucks
Surface Mining Equipment
Underground Mining Equipment
Dozers
Wheel
Loaders
Mining
Trucks*
Hydraulic
Excavators
Surface Drills
Rope Shovels
Draglines
Surface Belt
Systems
U/G Belt
Systems
LW Support
LW AFC
LW Shearers
LW Plow
Systems
U/G Drills
HR Trans
R&P CM
R&P Trans
Atlas
Copco
Sandvik
CAT
Boart
Longyear
Boart
Longyear
Sandvik
Sandvik
Letourneau
Bucyrus
Joy Global
Joy Global
Liebherr
Komatsu
Atlas Copco
Caterpillar
Hitachi |
 10
Bucyrus Locations
2000
2000
18 Locations |
 11
Bucyrus Locations
2007
2007
Bucyrus Australia
(Mackay)
Bucyrus America
(Pittsburgh, PA)
60 Locations |
 12
Bucyrus Locations
2010
2010
Bucyrus South Africa
Bucyrus Peru
Bucyrus Denison, TX
Bucyrus Australia
(Brisbane)
Bucyrus Huainan Machinery
100 Locations |
 13
Sales and Fully Diluted Net Earnings
Per Share
Note: Became a public company in 2004; net earnings per share is not applicable prior to this
time. $1,613
$2,506
$2,652
$3,651
$280
$291
$290
$338
$454
$575
$738
$3.88
$1.93
$3.10
$4.12
$0.13
$0.86
$1.12
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Sales
(Dollars in millions)
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
EPS
Sales
Fully Diluted EPS |
 14
Consolidated Gross Margin
16.5%
17.9%
21.1%
22.1%
22.4%
24.8%
26.0%
26.9%
27.7%
30.3%
29.8%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010 |
 15
$258
$458
$549
$722
$120
$61
$88
$12
$33
$31
$39
11.40%
4.30%
10.60%
11.60%
13.4%
15.3%
16.3%
18.3%
20.7%
19.8%
16.0%
$0
$100
$200
$300
$400
$500
$600
$700
$800
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Adjusted EBITDA
(Dollars in millions)
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
Adjusted EBITDA
EBITDA as a % of Sales
Consolidated Adjusted EBITDA |
 16
Consolidated Return on Equity
-46.8%
-33.2%
-238.6%
-449.9%
12.3%
27.6%
27.2%
24.6%
26.5%
27.1%
18.5%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010 |
 17
Stock Closing Prices
$13.55
$17.57
$25.88
$49.70
$18.52
$56.37
$89.40
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
$90.00
12/31/2004
12/30/2005
12/29/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010 |
 18
Employment Levels
1,688
1,657
1,588
1,617
1,772
2,671
2,836
3,402
7,626
7,237
10,827
0
2,000
4,000
6,000
8,000
10,000
12,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010 |
 19
Installed Base of Machinery
$9
$9
$25
$44
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
2000
2004
2007
2010 |
 20
Sales by Region
7%
16%
1%
10%
41%
25%
9%
11%
4%
4%
44%
28%
6%
19%
11%
15%
35%
14%
4%
22%
9%
17%
30%
18%
2000
2004
2007
2010
Africa
North America
South America
Australia / Asia Pacific
China
Europe / Russia / India |
 21
Sales by Commodity
43%
35%
7%
11%
4%
39%
30%
23%
5%
3%
13%
73%
1%
7%
2%
4%
10%
64%
12%
5%
9%
2000
2004
2007
2010
Iron Ore
Coal
Copper
Oil Sands
Gold
Other |
 22
Original Equipment vs. Aftermarket
25%
75%
29%
71%
52%
48%
52%
48%
2000
2004
2007
2010
Original Equipment
Aftermarket |
 Thank you |