Dover Corporation · NYSE:DOV

Dover — Baird Global Industrial Conference 2019

14 slides from Dover's conference presentation, Nov 5, 2019

  1. Slide 1: Dover Corporation – Baird Global Industrial Conference

    November 5, 2019 Dover Corporation Baird Global Industrial Conference Richard J. Tobin, President & CEO

  2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

    Forward-Looking Statements and Non-GAAP Measures Our comments may contain forward-looking statements that are inherently subject to uncertainties and risks. We caution everyone to be guided in their analysis of Dover Corporation by referring to the documents we file from time to time with the SEC, i

  3. Slide 3: Introduction to Dover

    Introduction to Dover Highlights Shareholder Value Creation Dividend-Adjusted Share Price (indexed)  Strong Businesses: Premium franchises that partner with customers for engineered +5x equipment, critical components, consumables, software and services +3x across attractive end-markets  Global Sca

  4. Slide 4: Re-segmentation Aligned with New Management Structure and Operating Model

    Re-segmentation Aligned with New Management Structure and Operating Model; Increasing Portfolio Transparency Current Segments Future Segments1 Management and Operating Model $B 2019E Revenue  Increased management efficiency 7.2 7.2 and decision making speed 1.6 Fueling Solutions  Consistency with

  5. Slide 5: Runway for Inorganic Deployment in Attractive Segments

    Runway for Inorganic Deployment in Attractive Segments Priorities Portfolio Intent Runway Software / & Priority Core Services Adjacencies  Grow in pumps Remain within Dover Pumps &  Hygienic and life science circle of competence Processing  Fluid path adjacencies Solutions  IoT solutions Measure

  6. Slide 6: Q3 2019 - Highlights

    Q3 2019 - Highlights Organic revenue growth(1) of 6% Organic bookings growth of 7% Net of 2% unfavorable FX impact Net of 2% unfavorable FX impact Solid growth across DF and DES businesses DF and DES book-to-bill above 1 Adjusted earnings from continuing Adjusted diluted EPS from continuing operatio

  7. Slide 7: Appendix

    Appendix 7

  8. Slide 8: Reconciliation of Q3 2019 Earnings to Adj. EBIT and Adj. EBITDA

    Reconciliation of Q3 2019 Earnings from Continuing Operations to Adj. EBIT and Adj. EBITDA and calculation of Adj. EBIT margin and Adj. EBITDA margin by Segment (U.S. GAAP) Q3 2019 ($ in millions) DES DF DRFE Total Revenue 702 753 370 1,825 Earnings from continuing operations - - - 206 Add back: Cor

  9. Slide 9: Reconciliation of Q3 2018 Earnings to Adj. EBIT and Adj. EBITDA

    Reconciliation of Q3 2018 Earnings from Continuing Operations to Adj. EBIT and Adj. EBITDA and calculation of Adj. EBIT margin and Adj. EBITDA margin by Segment (U.S. GAAP) Q3 2018 ($ in millions) DES DF DRFE Total Revenue 672 690 386 1,748 Earnings from continuing operations - - - 157 Add back: Cor

  10. Slide 10: Reconciliation of Adjusted Earnings from Continuing Operations

    Reconciliation of Adjusted Earnings from Continuing Operations to Earnings from Continuing Operations and calculation of Adjusted diluted EPS under U.S. GAAP ($ in millions, except per share data) Q3 2019 Q3 2018 Earnings from continuing operations ($) 206 157 Acquisition-related amortization, pre t

  11. Slide 11: Free Cash Flow and Adjusted EPS Reconciliation

    Reconciliation of Free Cash Flow; and EPS from Continuing Operations to Adjusted EPS from Continuing Operations Reconciliation Free Cash Flow Reconciliation Three months ended Sep 30, Sep 30, ($ millions) 2019 2018 Net Cash Provided by Operating Activities 351 244 Capital Expenditures (46) (38) Free

  12. Slide 12: Q3 2019 Organic Revenue Growth to Total Revenue Growth

    Reconciliation of Q3 2019 Organic Revenue Growth to Q3 2019 Total Revenue Growth Note: Numbers may not add due to rounding 12

  13. Slide 13: Appendix: Non-GAAP Definitions

    Appendix: Non-GAAP Definitions Definitions of Non-GAAP Measures: Adjusted Earnings from Continuing Operations: is defined as earnings from continuing operations adjusted for the effect of acquisition-related amortization, rightsizing and other costs and a 2019 loss on assets held for sale. Adjusted

  14. Slide 14: Slide 14

Dover — Baird Global Industrial Conference 2019 on 6ix