Slide 1: EPG Conference May 17, 2016
EPG Conference May 17, 2016 Bob Livingston President & Chief Executive Officer Exhibit 99.1
Slide 2: Forward looking statements
2 Forward looking statements We want to remind everyone that 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 by referring to the documents we file from time to time with the SEC, i
Slide 3: Our strategy remains consistent
3 Our strategy remains consistent Expanding our businesses in key markets with significant growth potential Capitalizing on our expertise and providing products and solutions globally to customers who value our offerings Innovating to address our customers’ needs and help them win in their mar
Slide 4: Executing on our strategy
4 Executing on our strategy Our business profile is more focused – We have invested in and expanded our businesses within key markets – We have built a very attractive portfolio featuring strong competitive positions and exposure to tailwinds We have accelerated our efforts and processes around
Slide 5: Creating value over the long term
5 Creating value over the long term Organic growth – Investing in sales, service and engineering across several markets and geographies – Adapting products to local markets – Expanding share through delivery of productivity solutions Strong portfolio of businesses with opportunity for growth – B
Slide 6: Growth – Printing & Identification
6 Growth – Printing & Identification Recent acquisitions in digital textile printing create a full solution set that will drive growth Marking & Coding – Stable global markets ≈3% mid-term market growth rates Large sophisticated customers High recurring revenue Emphasis on quality and tech
Slide 7: Growth – Retail Fueling
7 Growth – Retail Fueling Acquisitions create a leading retail fueling systems provider, featuring the most complete product offering Retail fueling – Stable global markets ≈3% mid-term market growth rates Diversified global customers Regular replacement cycles Constantly evolving environm
Slide 8: Growth – Specialty pump applications
8 Growth – Specialty pump applications Recent acquisitions expand our positions in global plastics and polymers processing markets Plastics & polymers, hygienic and pharma – Stable global markets Mid-single digit mid-term market growth rates Highly diversified customers Strong distribution n
Slide 9: Other growth opportunities
9 Other growth opportunities Engineered Systems – ESG (refuse collection/compaction equipment) Complete product offering known for quality and durability Unique robotics improve driver/truck productivity and safety – VSG (auto after-market service equipment) Global auto growth Customer saf
Slide 10: Energy update
10 Energy update Oil price is improving – 2H supply tightening; dollar weakness, increasing net long positions Oil & gas market activity declines accelerated in Q1; – US Rigs: Q1-16 exit rate down 36% from Q4-15 exit rate (US rigs down 77% from peak) Expect average rig counts to decline furthe
Slide 11: Energy update - continued
11 Energy update - continued Continue to focus on: – Share gain: 6%-7% of revenue – Restructuring actions and continued cost management Restructuring & cost take-out actions completed/initiated in Q1/Q2 provide $41M of 2016 benefits Additional headcount reductions of ≈400 in Q1; total reductio
Slide 12: Market Update
12 Market Update Engineered Systems – Generally solid markets continue Marking & Coding and digital printing should lead segment growth Industrial end-markets to grow in low single-digit range Refrigeration & Food Equipment – Generally solid markets continue Many food retailers are investi
Slide 13: Outlook 2016
13 Outlook 2016 Self help actions will partially offset weak oil & gas markets Multiple growth opportunities will help mitigate oil & gas exposure Core margin improvement ex. Energy Our strong financial position and free cash flow will enable meaningful capital deployment Beyond 2016 Lower
Slide 14: Capital allocation
14 $- $350 $700 $1,050 $1,400 Acquisitions Capex Dividends Share Repurchase $ in millions 2012 2013 2014 2015 Return to investors Capital allocation Invest in growth; acquisitions and capex ≈ 50% Consistently return cash to shareholders; dividends and repurchases ≈ 50% Investment spending will
Slide 15: Key takeaways
15 Key takeaways Our strategy remains consistent. We have great businesses serving markets that offer ample opportunities for growth We are investing for growth and have above market share expectations of this portfolio. Even in challenging markets we continue to invest even more and expand our
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