Crane Company · NYSE:CR
Crane — Crane Co. 2021 Aerospace & Electronics Investor Conference (Virtual)
14 slides from Crane's conference presentation, May 26, 2021
Slide 1: Crane Co. Financial Overview
Crane Co. Financial Overview Rich Maue, Senior Vice President and Chief Financial Officer
Slide 2: Divesting Engineered Materials Segment
DIVESTING ENGINEERED MATERIALS SEGMENT »
Slide 3: Continuing Journey with Three Growth Platforms
CONTINUING JOURNEY WITH THREE GROWTH PLATFORMS Payment & Merchandising Aerospace & Electronics Process Flow Technologies Technologies
Slide 4: Exciting Opportunities Ahead
EXCITING OPPORTUNITIES AHEAD
Slide 5: 2021 Guidance Summary
2021 GUIDANCE SUMMARY $ Millions 2020 Prior 2021G New 2021G (As Reported: Including Engineered (Issued May 3, 2021: Including except per share amounts Engineered Materials) (Excluding Engineered Materials) Materials) Net Sales* $2,947 $3,185 $3,015 Earnings per Share** $3.84 $5.65 to $5.85 $5.65 to
Slide 6: Consistent Capital Deployment Priorities
CONSISTENT CAPITAL DEPLOYMENT PRIORITIES Maintain Investment Grade Credit Rating While Funding: Internal Investments to Acquisitions to Competitive Returns Drive Organic Growth Enhance Growth to Shareholders • Capital Expenditures • Bolt-on transactions in Aerospace & • Competitive returns to Electr
Slide 7: Growing M&A Capacity
GROWING M&A CAPACITY Cumulative Acquisition Capacity ($Millions) $2,500 $1,750 $1,000 $500 Today 2021E 2022E 2023E » » » DIVESTITURE ADDS NEAR-TERM CAPACITY; FURTHER CAPACITY GROWTH OVER NEXT FEW YEARS
Slide 8: Q1 Results: Broad-Based Strength
Q1 RESULTS: BROAD-BASED STRENGTH Q1 2021 Core Growth* Adjusted Margin** Process Flow Technologies +6% 13.4% Payment & Merchandising Technologies +8% 25.3% Aerospace & Electronics (20%) 16.9% Crane Co. Flat 16.5% (Excluding Engineered Materials) »» IMPROVING MARKETS PAIRED WITH SOLID EXECUTION DRIVIN
Slide 9: Strong Rebound at Process Flow Technologies
STRONG REBOUND AT PROCESS FLOW TECHNOLOGIES Project activity building New product development Organic growth initiatives
Slide 10: Momentum at Payment & Merchandising Technologies
MOMENTUM AT PAYMENT & MERCHANDISING TECHNOLOGIES Order momentum New contract wins Strong execution
Slide 11: Aerospace & Electronics Recovering
AEROSPACE & ELECTRONICS RECOVERING Solid execution Market recovery accelerating Driving above market growth
Slide 12: Structural Free Cash Conversion Improving
STRUCTURAL FREE CASH CONVERSION* IMPROVING Free Cash Conversion Free Cash Conversion (Excluding Asbestos) 120% 120% 100% 100% Average 111% (2016-2021G) Average 99% Average 99% (2016-2021G) (2010-2015) 80% 80% Average 78% 60% (2010-2015) 60% 40% 40% 20% 20% 0% 0% 2021G 2021G 2010 2011 2012 2013 2014
Slide 13: Positioned to Drive Shareholder Return
POSITIONED TO DRIVE SHAREHOLDER RETURN Crane Culture and Business System Growth Above • Organic investments Market and innovation Profit Growth • Consistently strong >2x Sales operating leverage FCF • Sustained improvements Sustainable (100% of NI) TSR Capital • Higher growth area focus Deployment •
Slide 14: www.craneco.com
» www.craneco.com
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