Crane Nxt, Co. · NYSE:CXT
Crane Nxt — Investor Day (February 2026)
89 slides from Crane Nxt's investor day presentation, Feb 25, 2026
Slide 1: Investor Day: Positioned to Accelerate Growth
FEBRUARY 25, 2026 INVESTOR DAY POSITIONED TO ACCELERATE GROWTH
Slide 2: Forward-Looking Statements – Disclaimer
FORWARD-LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company's intent, belief, or expectati
Slide 3: Agenda
Matt Roache OPENING REMARKS VP, Investor Relations Aaron Saak POSITIONED TO ACCELERATE GROWTH President and Chief Executive Officer EXPANDING LEADERSHIP POSITION Sam Keayes THROUGH ADVANCED TECHNOLOGIES SVP, Security and Authentication Technologies LEADING THE MARKET IN DETECTION Michael Mahan TECHN
Slide 4: Positioned to Accelerate Growth
POSITIONED TO ACCELERATE GROWTH Aaron Saak, President and CEO
Slide 5: Our Value Creation Priorities
Accelerating organic growth Investing in differentiated technology and capabilities to capture market tailwinds OUR VALUE Building on our leadership positions CREATION Applying our disciplined capital allocation process to expand our PRIORITIES leadership positions in authentication and traceability
Slide 6: Accelerating Growth in the Next Phase of Crane NXT
ACCELERATING GROWTH IN THE NEXT PHASE OF CRANE NXT PHASE 1 PHASE 2 PHASE 3 2018 - 2022 2023-2025 2026-2028 Pre-Separation Establish company, execute strategy Positioned to accelerate growth Developed platform as a leader in Expanding position in Creating a global leader in currency technology and pa
Slide 7: Our Purpose
OUR PURPOSE We give people confidence every day in moments that matter.
Slide 8: A Global Technology Leader
A GLOBAL TECHNOLOGY LEADER Brand and Government ~15% Currency Authentication Crane NXT Overview Service ~35% ~10% Sales by Offering1 ~15% 150+ ~5,000 17 Vending Payment year history employees countries Hardware ~25% ~30% ~20 ~1,300 ~16,000 Emerging Markets R&D and mfg. sites patents customers North
Slide 9: A Differentiated Portfolio with Integrated Capabilities
A DIFFERENTIATED PORTFOLIO WITH INTEGRATED CAPABILITIES Proprietary Track and Trace Detection and Field Service Trusted Partner to Security Technology Software Inspection Equipment Capabilities Governments 1 1 Antares Vision acquisition is expected to close in mid-2026. 9
Slide 10: The Market Leader in Authentication and Traceability Technologies
THE MARKET LEADER IN AUTHENTICATION AND TRACEABILITY TECHNOLOGIES Security & Authentication Detection and Traceability Technologies (SAT) Technologies (DTT) Advanced, proprietary technologies Innovative solutions that ensure the OUR VALUE that prevent the counterfeiting of quality, authenticity, and
Slide 11: Aligning Our Strategic Priorities with Compelling Secular Trends
ALIGNING OUR STRATEGIC PRIORITIES WITH COMPELLING SECULAR TRENDS Increased Digitization Growth of Emerging Counterfeiting of Supply Chains Economies MARKET GROWTH1 ~MSD ~HSD ~HSD Increasing sophistication of Increasing regulations counterfeiters Population and GDP growth to ensure product safety GRO
Slide 12: Crane Business System (CBS)
CRANE BUSINESS SYSTEM (CBS) A Culture Built On Continuous Improvement Kaizen events >140 annually Certified CBS >200 tool champions Training hours >80K annually 12
Slide 13: Our Shared Values
OUR SHARED VALUES PEOPLE DO THE TRUSTED INNOVATE ALWAYS MATTER RIGHT THING PARTNER FOR GROWTH IMPROVING We invest in each other We operate with We anticipate and solve We are empowered to We drive profitable and work together to honesty and integrity in our customers' most create new solutions growt
Slide 14: 2028 Targets
2028 TARGETS Positioned To Drive Shareholder Value Creation Accelerating Building on our Driving operational organic growth leadership positions excellence through CBS Investing in differentiated Applying our disciplined Deploying the Crane Business technology and capabilities to capital allocation
Slide 15: Expanding Leadership Position Through Advanced Technologies
EXPANDING LEADERSHIP POSITION THROUGH ADVANCED TECHNOLOGIES Sam Keayes, Senior Vice President Security and Authentication Technologies
Slide 16: Accelerating Organic Growth
Built a global leader in advanced security & authentication technologies Security and Authentication Authentication aligned to secular tailwinds; significantly Technologies (SAT) expanding margins through deployment of CBS ACCELERATING ORGANIC U.S. Currency poised to benefit from decade-long growth
Slide 17: SAT Segment Overview
SAT SEGMENT OVERVIEW >150 Years Of Trusted Leadership To Governments And Global Brands Government U.S. Currency ROW N. America >50 years <10 years Authentication ~5% ~10% ~25% ~25% ~35% ~15% ~35% Sales by Sales by Customer End Geography1 Tenure1 Market1 ~50% ~20% ~10% ~20% ~50% Brand International E
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Slide 19: Crane Authentication Overview
Government Identification Security CRANE AUTHENTICATION OVERVIEW Solutions 10% 25% ~$220M 2025 Sales1 65% BRAND GOVERNMENT IDENTIFICATION AUTHENTICATION SOLUTIONS SECURITY Brand Solutions that protect Solutions that secure Technology to Authentication public safety, products, tax revenues protect pe
Slide 20: Authentication Market Growing at ~MSD+
AUTHENTICATION MARKET GROWING AT ~MSD+ MARKET MARKET DYNAMICS COMPETITIVE LANDSCAPE More sophisticated counterfeits BRAND driving demand for high-performance AUTHENTICATION1 anti-counterfeit solutions ~$2B Increasing standards and regulations ~MSD to protect consumer safety MARKET GROWTH Expansion i
Slide 21: Authentication Market Tailwinds Accelerating Demand
AUTHENTICATION MARKET TAILWINDS ACCELERATING DEMAND Increased Digitization of Growth of Emerging Counterfeiting Supply Chains Economies Expanding excise programs GROWTH Internet spreading Widespread copying of to new products DRIVERS counterfeiting techniques barcodes & QR codes (e.g., soft drinks)
Slide 22: Innovating for Growth
INNOVATING FOR GROWTH Government Solutions Case Study CUSTOMER NEED Gulf Cooperation Council (GCC) countries focused on reducing smuggling, protecting consumers, and collecting excise taxes OUR UNIQUE SOLUTION FORTRESS® fuses invisible covert features with overt security and CERTIFY software tracks
Slide 23: Expanding Margin Through CBS
EXPANDING MARGIN THROUGH CBS 80/20 IMPLEMENTATION CBS IMPACT ON • Rationalized offerings and implemented new pricing strategies CRANE AUTHENTICATION1 • Upgraded customers from legacy products to higher value micro-optics technology ~$20M margin improvement in DRIVING PRODUCTIVITY 2026 from synergies
Slide 24: Crane Currency
CRANE CURRENCY’
Slide 25: Crane Currency Overview
CRANE CURRENCY OVERVIEW U.S. Currency ~30% ~$590M 2025 Sales1 ~70% International U.S. Currency Currency International Currency Sole-supplier of paper Integrated design, technology, & substrate-based security technologies substrate & banknotes N. America ~55% ~35% Sales by Geography1 Market Leading A
Slide 26: Sustained Growth of Banknotes in Circulation
SUSTAINED GROWTH OF BANKNOTES IN CIRCULATION Billions of banknotes in circulation1 >40 years of consistent growth in banknotes in circulation ~6% CAGR 363 344 Growth drivers include 319 330 292 population, GDP, inflation 266 278 255 237 223 204 Increasing use of banknotes as ‘Store of Value’ 2013 20
Slide 27: Multiple Growth Catalysts Driving Increased Demand
MULTIPLE GROWTH CATALYSTS DRIVING INCREASED DEMAND Increased Counterfeiting Growth of Emerging Economies More frequent banknote upgrades Population & GDP Growth GROWTH DRIVERS U.S. new series Inflation Differentiated security technology Trusted partner relationships WHY WE WIN Market-leading design
Slide 28: Decade-Long Growth Tailwind in U.S. Currency
DECADE-LONG GROWTH TAILWIND IN U.S. CURRENCY Annual Banknote Variable Costs Denomination Volumes in Billions1 per Note2 ~4¢ Potential increase in cost $1 ~1.4 4.1¢ per note for advanced security features $5 ~0.4 7.1¢ ~$15M $10 ~0.3 6.8¢ Potential annual value if new $10 banknote New design scheduled
Slide 29: On Track for Launch of New U.S. Banknotes Beginning in 2026
ON TRACK FOR LAUNCH OF NEW U.S. BANKNOTES BEGINNING IN 2026 Expect newly designed banknotes to go into production ~4 months prior to public release Design in process Testing in process 2030 Expecting production in 2028 2028 2032 Similar production volumes expected as Design complete current series T
Slide 30: Micro-Optics Innovation Driving Market Expansion
MICRO-OPTICS INNOVATION DRIVING MARKET EXPANSION Technology protected by MOTION® RAPID® >250 patents, extensive know-how and Highly dynamic High contrast colors proprietary design visual effects Sharp, intuitive movement software DETECT VISION SURFACE Machine Readable Multi-Color or Thread Applicati
Slide 31: Micro-Optics: A Complex System Brought to Life
MICRO-OPTICS A complex system brought to Life 31
Slide 32: Micro-Optics: A Complex System Brought to Life
MICRO-OPTICS A complex system brought to Life 01 02 03 04 05 Intuitive movement Integration with 5 million lenses Expands VISION individually – enables banknotes to banknote design Encrypted nano-text addressable market colors each lens in a be authenticated in a Improves public Unique design softwa
Slide 33: Significant Growth in Micro-Optics from Continued Product Innovation
SIGNIFICANT GROWTH IN MICRO-OPTICS FROM CONTINUED PRODUCT INNOVATION 20 NEW WINS IN 2025 >200 Active Denominations Using Micro-Optics 170 Historic growth driven by RAPID & MOTION technology 150 138 39 in paper substrate 24 122 21 8 11 103 16 6 85 11 Future growth led by 81 69 11 11 71 77 79 SURFACE
Slide 34: High Confidence of Sustained Growth in International Currency
HIGH CONFIDENCE OF SUSTAINED GROWTH IN INTERNATIONAL CURRENCY 2026-2030 Estimated Upcoming Banknote Upgrades by Region1 OPPORTUNITY >70 New denominations1 >15 EUROPE ASIA-PACIFIC Central Banks ~10% ~15% designing new series over next 4 years MIDDLE EAST AMERICAS ~15% ~25% AFRICA >$100M ~35% Annualiz
Slide 35: Investing to Meet Increasing Customer Demand in Currency
INVESTING TO MEET INCREASING CUSTOMER DEMAND IN CURRENCY 2023 to 2025 2026 to 2028 Increased staffing to 24/7 Upgraded paper mills in Dalton, MA in preparation for U.S. New Series Installing new micro-optics production lines in Nashua, NH and Malta Upgraded Nashua, NH facility to deliver SURFACE & V
Slide 36: SAT 2028 Targets
SAT 2028 TARGETS Accelerating Growth Through Technology Leadership 2028 2025 Key Drivers Target2 • Launch of new U.S. banknotes ~MSD+ • Continued demand for technology Sales CAGR 2025-2028 Revenue ~$810M ~$1B in International Currency • Authentication expansion with tax solutions for emerging market
Slide 37: Accelerating Organic Growth
Built a global leader in advanced security & authentication technologies Security and Authentication Authentication aligned to secular tailwinds; significantly Technologies (SAT) expanding margins through deployment of CBS ACCELERATING ORGANIC U.S. Currency poised to benefit from decade-long growth
Slide 38: Leading the Market in Detection Technologies and Services
LEADING THE MARKET IN DETECTION TECHNOLOGIES AND SERVICES Michael Mahan, President, CPI
Slide 39: CPI Delivering Best-in-Class Margins and Free Cash Flow
CPI is the market leader in detection equipment and services CPI Poised to benefit from the U.S. currency banknote refresh Delivering Best-in-Class Margins and Expanding service offerings into higher growth adjacencies Free Cash Flow Disciplined execution of CBS will drive continued margin expansion
Slide 40: CPI Overview
Hardware CPI OVERVIEW ~50% ~$850M 2025 Sales1 ~15% HARDWARE SERVICE VENDING ~35% Banknote, coin and Extensive in-field and End-to-end offering of Service Vending cashless solutions; depot service capabilities, hardware, software unmatched reliability, preventative maintenance and payment solutions e
Slide 41: CPI Is the Leader in the Equipment and Services Market
CPI IS THE LEADER IN THE EQUIPMENT AND SERVICES MARKET MARKET MARKET DYNAMICS COMPETITIVE LANDSCAPE PAYMENT Growth in gaming and retail driven by HARDWARE1 technological innovation and automation ~$1.5B Decline in financial services driven by reduced ~LSD footprint of bank branches MARKET GROWTH Con
Slide 42: New U.S. Currency Series Creates Unique Growth Opportunity for CPI
NEW U.S. CURRENCY SERIES CREATES UNIQUE GROWTH OPPORTUNITY FOR CPI 2026 2029-2034 Federal Reserve launches public Annual enterprise software revenue >25K education campaign through entire currency Significant upgrade to technology Installed units New authentication upgrade cycle content: Updates to
Slide 43: Unlocking Growth with a Differentiated Service Platform
UNLOCKING GROWTH WITH A DIFFERENTIATED SERVICE PLATFORM Expected OUTCOMES Depot repair formalized as the SOLIDIFY CORE CPI >80% Attach rate preferred authorized service SERVICE REVENUE provider for CPI equipment FOCUS AREAS EXPAND INTO Expansion in smart Expanded strong relationships PROFITABLE HIGH
Slide 44: Driving Operational Improvements with CBS
DRIVING OPERATIONAL IMPROVEMENTS WITH CBS EXPANDING CAPACITY • Improved vending line rate ~160% after series ~400 bps of Kaizen events in our factory Adj. EBITDA1 % Growth ~32% DRIVING PRODUCTIVITY • Reduced labor by ~25% through robotics implementation • Eliminated long cycle time and repetitive st
Slide 45: CPI 2028 Targets
CPI 2028 TARGETS Driving Best-In-Class Margins And Strong Free Cash Flow 2028 2025 Key Drivers Target • Equipment upgraded with Revenue ~$850M ~$890M launch of new U.S. banknotes • Service market growth >100% Adj. FCF Conversion1 • Platform simplification Adj. EBITDA1 ~$260M ~$280M • Continued produ
Slide 46: CPI Delivering Best-in-Class Margins and Free Cash Flow
CPI is the market leader in detection equipment and services CPI Poised to benefit from the U.S. currency banknote refresh Delivering Best-in-Class Margins and Expanding service offerings into higher growth adjacencies Free Cash Flow Disciplined execution of CBS will drive continued margin expansion
Slide 47: Q&A
Q&A FEBRUARY 25, 2026 INVESTOR DAY POSITIONED TO ACCELERATE GROWTH
Slide 48: Break in Progress
BREAK IN PROGRESS The webcast will resume shortly FEBRUARY 25, 2026 INVESTOR DAY POSITIONED TO ACCELERATE GROWTH
Slide 49: Building on Our Leadership Positions
BUILDING ON OUR LEADERSHIP POSITIONS Aaron Saak, President and CEO
Slide 50: Building on Our Leadership Positions
Built leadership position in authentication technologies Completed three transactions to expand portfolio into resilient, higher-growth adjacent markets BUILDING Expanding portfolio with market leading ON OUR detection and traceability technologies LEADERSHIP Antares Vision adds technology leadershi
Slide 51: Executed Disciplined M&A to Build Market-Leading Portfolio
EXECUTED DISCIPLINED M&A TO BUILD MARKET-LEADING PORTFOLIO POSITIONED FOR GROWTH ACQUISITION CLOSE YEAR 2024 2024 2025 2026 1 PURCHASE PRICE ~$270M ~$2M2 ~$390M ~$500M ~REVENUE ~$130M NM ~$130M ~$230M ~EV/EBITDA (pre-synergy) ~13.5x NM ~13.7x ~12.0x ~EV/EBITDA (post-synergy) ~9.8x NM ~9.5x ~10.0x Ex
Slide 52: Expanding into Higher Growth Authentication and Traceability End Markets
EXPANDING INTO HIGHER GROWTH AUTHENTICATION AND TRACEABILITY END MARKETS ~$13B 2026 Life sciences and Food & Beverage ~$10B supply chain assurance 2024-2025 Product Authentication ~$7B Government and Identity Verification solutions 2023 Banknote security Payment detection and authentication ADDRESSA
Slide 53: Antares Vision Overview
ANTARES VISION OVERVIEW Food and Beverage ~40% ~€200M 2025 Sales1 EQUIPMENT SERVICE SOFTWARE ~60% Advanced inspection Field and remote Track and trace software Life Sciences and detection systems capabilities for to ensure the safety and to ensure the quality and new equipment authenticity of produc
Slide 54: Antares Vision Is the Only Fully Integrated Provider of Equipment and Traceability Software
ANTARES VISION IS THE ONLY FULLY INTEGRATED PROVIDER OF EQUIPMENT AND TRACEABILITY SOFTWARE MARKET MARKET DYNAMICS COMPETITIVE LANDSCAPE Manufacturing reshoring, particularly LIFE SCIENCES in U.S. in coming decade EQUIPMENT1 ~$2B More complex biologics requiring specialized production equipment ~MSD
Slide 55: Antares Vision Is Aligned to Growth Tailwinds
ANTARES VISION IS ALIGNED TO GROWTH TAILWINDS Digitization of Supply Increased Growth of Emerging Chains for Improved Counterfeiting Economies Traceability Increasing counterfeiting Governments increasingly GROWTH Population and consumption of pharmaceuticals, requiring traceability of products grow
Slide 56: Antares Vision Transaction Update
ANTARES VISION TRANSACTION UPDATE Step 1 Step 2 Step 3 Q4 2025 Q1 2026 Q2 2026 • Completed acquisition • Received regulatory approval for • Launch process to take of ~32% stake transaction company private • Financed through • Launched mandatory public tender • Expected completion of take- Euro denom
Slide 57: Disciplined M&A Framework Drives Value Creation
DISCIPLINED M&A FRAMEWORK DRIVES VALUE CREATION Focused on • Fragmented market with consolidation authentication MARKET and traceability opportunities and path to market leadership • Underlying market growth of MSD or higher technologies Leading position in • Differentiation in technology, brand or
Slide 58: Targeting Select End Markets to Expand Our Leadership Position
TARGETING SELECT END MARKETS TO EXPAND OUR LEADERSHIP POSITION TARGETED Brand Government Identity Life Food and Currency END MARKET Protection Solutions Verification Sciences Beverage ADDRESSABLE ~$3B ~$1.5B ~$0.5B ~$3B ~$2B ~$1B MARKET1 Additional Supply chain Advanced Offering for key Geographic D
Slide 59: Strong Free Cash Flow and Balance Sheet Enable Continued Programmatic M&A
STRONG FREE CASH FLOW AND BALANCE SHEET ENABLE CONTINUED PROGRAMMATIC M&A 2026 focus on integrating Antares Vision and paying down debt 2025 Mid-2026 2027-2028 after close of as of December 31 estimates Antares Vision Expect next acquisition in 2027 M&A Capacity ~$1B Strong pipeline in place that fi
Slide 60: Building on Our Leadership Positions
Built leadership position in authentication technologies Completed three transactions to expand portfolio into resilient, higher-growth adjacent markets BUILDING Expanding portfolio with market leading ON OUR detection and traceability technologies LEADERSHIP Antares Vision adds technology leadershi
Slide 61: Positioned for Shareholder Value Creation
POSITIONED FOR SHAREHOLDER VALUE CREATION Christina Cristiano, Senior Vice President, CFO
Slide 62: Compelling Investment Thesis
Strong financial performance since separation Delivering durable sales growth, sustained high margins and robust free cash flow as we execute our portfolio evolution COMPELLING Disciplined capital allocation INVESTMENT Prioritizing organic growth and M&A to strengthen leadership THESIS positions and
Slide 63: Strong Performance Through Portfolio Evolution
STRONG PERFORMANCE THROUGH PORTFOLIO EVOLUTION Sales Adj. EBITDA1 Adj. FCF1 266 ~9% ~2% CAGR CAGR 222 1,657 403 186 396 1,487 1,391 388 2023 2024 2025 2023 2024 2025 2023 2024 2025 ~4% ~26% ~94% Core1 CAGR Average Adj. EBITDA1 Margin Average FCF Conversion1 1 Please see the appendix for Non-GAAP rec
Slide 64: Disciplined Capital Allocation Strategy to Drive Shareholder Returns
DISCIPLINED CAPITAL ALLOCATION STRATEGY TO DRIVE SHAREHOLDER RETURNS Invest to accelerate organic growth ~3% to 5% Dividend Currency capacity expansion CapEx Spend CAPEX Authentication software development 5% Build on our leadership positions through M&A 20% Capital ~$1B Deployment Targeting differe
Slide 65: Strong Balance Sheet and Capital Structure
STRONG BALANCE SHEET AND CAPITAL STRUCTURE Net Debt Net Leverage1 Management Dec. 31, 2025 Acquired Acquired De La Rue Expected close of Fixed-rate debt OpSec Authentication Antares Vision 6.55% USD Bonds due 2036 $200 4.20% USD Bonds due 2048 $350 2.9x Variable-rate debt 2.6x Revolver $126 2.3x 2.3
Slide 66: Accelerating Core Growth Through 2028
ACCELERATING CORE GROWTH THROUGH 2028 2025 2026 -2028E Core1 Growth Drivers • U.S. Currency refresh • Int’l Currency market share expansion SAT ~MSD+ ~MSD+ • Authentication emerging market growth • U.S. Currency refresh CPI ~(LSD) ~LSD • Services expansion to adjacent markets Total NXT ~LSD ~MSD 1 P
Slide 67: Targeting Sales Growth of ~15% CAGR Through 2028
TARGETING SALES GROWTH OF ~15% Growth Drivers CAGR THROUGH 2028 Sales U.S. New Series ~$350M ~$2.5B International Currency ~$300M Micro-Optics Wins ~$190M Authentication ~$1.7B Market Growth CPI Service Market Expansion 2025 Core1 Antares Vision & Future 2028E Growth De La Rue2 M&A 1 Please see the
Slide 68: Margins Growing at ~15% CAGR with Strong Core Margin Expansion
MARGINS GROWING AT ~15% CAGR WITH Margin Drivers STRONG CORE MARGIN EXPANSION Adj. EBITDA1 ~150 bps Core Segment Margin Expansion by 2028 ~$60M ~$600M ~$55M ~$85M Synergies Post Close of Antares Vision Expand Margins ~$400M Future M&A at ~15% Adj. EBITDA; Improving Over Time Through CBS 2025 Core1 A
Slide 69: Crane NXT 2028 Targets
CRANE NXT 2028 TARGETS Well-Positioned to Increase Shareholder Value Sales Adj. EBITDA1 Adj. FCF1 ~15% ~15% ~11% CAGR CAGR CAGR ~$300M ~2.5B ~$600M ~$220M ~$1.7B ~$400M 2025 2028E 2025 2028E 2025 2028E ~MSD ~Mid 20’s% ~100% Core1 sales growth Adj. EBITDA1 margin FCF Conversion1 1 Please see the appe
Slide 70: Reiterating 2026 Financial Guidance
REITERATING 2026 FINANCIAL GUIDANCE DOLLARS IN MILLIONS FULL YEAR GUIDANCE3 Sales growth range reflects: Crane NXT Sales Growth1 +4% to +6% • CPI payment hardware businesses ~flat CPI segment sales growth ~Flat growth; ~LSD decline in vending and ~MSD growth in service SAT segment sales growth ~HSD
Slide 71: Compelling Investment Thesis
Strong financial performance since separation Delivering durable sales growth, sustained high margins and robust free cash flow as we execute our portfolio evolution COMPELLING Disciplined capital allocation INVESTMENT Prioritizing organic growth and M&A to strengthen leadership THESIS positions and
Slide 72: Q&A
Q&A FEBRUARY 25, 2026 INVESTOR DAY POSITIONED TO ACCELERATE GROWTH
Slide 73: Closing Remarks
CLOSING REMARKS Aaron Saak, President and CEO
Slide 74: Our Value Creation Priorities
Accelerating organic growth Investing in differentiated technology and capabilities to capture market tailwinds OUR VALUE Building on our leadership positions CREATION Applying our disciplined capital allocation process to expand our PRIORITIES leadership positions in authentication and traceability
Slide 75: Building a Market Leader in Authentication and Traceability Technologies
BUILDING A MARKET LEADER IN AUTHENTICATION AND TRACEABILITY TECHNOLOGIES Security & Authentication Detection and Traceability Technologies (SAT) Technologies (DTT) Advanced technologies that Innovative solutions that ensure the WHAT WE prevent the counterfeiting of quality, authenticity, and traceab
Slide 76: 2028 Targets
2028 TARGETS Positioned To Drive Shareholder Value Creation Accelerating Building on our Driving operational organic growth leadership positions excellence through CBS Investing in differentiated Applying our disciplined Deploying the Crane Business technology and capabilities to capital allocation
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Slide 78: Appendix
APPENDIX » » CRANE ND<T
Slide 79: 2026 Sales Guidance – Core vs. Total
2026 SALES GUIDANCE – CORE VS. TOTAL1 SALES Core2 FX Acquisitions Total SAT +2% to +4% +1% to +3% +4% to +5% +9% to +10% CPI 0% to +1% 0% to 0% N/A 0% to +1% Total +1% to +3% 0% to +2% +1% to +3% +4% to +6% Crane NXT 1 Figures presented represent approximations and do not sum due to rounding. 2 Plea
Slide 80: 2026 Segment Outlook and Phasing
2026 SEGMENT OUTLOOK AND PHASING Q1 Full Year Adj. EBITDA Adj. EBITDA Sales Sales Margin1 Margin1 ~45% to 50% SAT ~20% ~HSD ~25% growth ~MSD CPI ~28% ~Flat ~30% decline ~Mid-teens Crane NXT ~19% 4% to 6% ~25% growth 1 Please reference the Non-GAAP reconciliations and explanations in the appendix. 80
Slide 81: Other Financial Information
OTHER FINANCIAL INFORMATION DEPRECIATION EXPENSE OTHER NON-OPERATING EXPENSE 2023 2024 2025 2026E 2023 2024 2025 2026E SAT 30.1 28.7 35.8 41.0 SAT 1.1 4.3 1.6 (1.9)1 CPI 9.5 8.1 7.7 8.9 CPI 2.1 2.7 4.5 2.8 TOTAL 39.6 37.1 43.8 50.2 TOTAL 3.5 8.0 6.9 0.6 1 Reflects ~($4M) related to non-controlling i
Slide 82: Non-GAAP Explanations
NON-GAAP EXPLANATIONS Crane NXT reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release includes certain non-GAAP financial measures, including Adjusted operating profit, Adjusted operating margin, Adjusted EPS, free cash flow, and
Slide 83: Non-GAAP Explanations
NON-GAAP EXPLANATIONS The Company's management believes that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: • "Adjusted operating profit" and "Adjusted operating margin" add back to operating profit specia
Slide 84: Non-GAAP Explanations
NON-GAAP EXPLANATIONS • References to "core," such as "core sales," exclude currency effects and, where applicable, the first-year impacts of acquisitions and divestitures. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that
Slide 85: Non-GAAP Financial Measures for Crane NXT, Co.
NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Non-GAAP Financial Measures (unaudited, in millions except per share data) Totals may not sum due to rounding. *Please see the Non-GAAP Financial Measures definitions in this release. 1 Primarily related to stock-based compensation issued to senior mana
Slide 86: Non-GAAP Financial Measures for Crane NXT, Co.
Non-GAAP Financial Measures by Segment, Fourth Quarter (unaudited, in millions) NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Totals may not sum due to rounding. 86
Slide 87: Non-GAAP Financial Measures for Crane NXT, Co.
Non-GAAP Financial Measures by Segment, Full Year (unaudited, in millions) NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Totals may not sum due to rounding. 87
Slide 88: Non-GAAP Financial Measures for Crane NXT, Co.
Free Cash Flow, Net Leverage Ratio (unaudited, in millions, except net leverage ratio) NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Please refer to the Non-GAAP Financial Measures tables. 88
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