Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Investor Presentation (September 2024)
26 slides from Teledyne Technologies's investor presentation, September 2024
Slide 1: Investor Presentation | September 2024
INVESTOR PRESENTATION | SEPTEMBER 2024 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management's beliefs about the financial condition, results of operations and businesses
Slide 3: Teledyne: Enabling Technologies to Sense, Analyze and Distribute Information
Teledyne: Enabling Technologies to Sense, Analyze and Distribute Information TELEDYNE TECHNOLOGIES
Slide 4: Global sensing and decision-support technology company
* Global sensing and decision-support technology company * Broad, balanced portfolio of highly engineered products * Proven track record; hands-on management; consistent, predictable performance * Further opportunities for margin improvement * Compound growth in earnings and cash flow * Established
Slide 5: Markets and Sales by Geography
Markets(b) Sales by Geography(b) NN 5
Slide 6: Teledyne's Transformation
Teledyne's Transformation 2000” 2010” 2024 $657 Million $1.64 Billion $5.62 Billion Aerospace Castings Aerospace Engines 19% Printed Aerospace Circuits Engines Printed Circuits © Instrumentation ® Digital Imaging @ Aerospace & @ Engineered © Divested Defense Electronics Systems Operations (a) Total
Slide 7: History of Focused, Successful Acquisitions
History of Focused, Successful Acquisitions Electronic Instrumentation Digital Imaging Aerospace & Defense 9 Electronics 73 er @ Engineered Systems 2001 2005 2009 2013 2017 2021 2023 2024 70 Acquisitions; $11.9 Billion in © $10 Million $100 Million $1.0 Billion . . . O Cumulative Consideration ae TE
Slide 8: Continuous Improvement
Continuous Improvement® Gross Margin) EBITDA Margin 48% 28% 44% 24% 40% , 20% 36% . 16% 32% 12% 28% 24% 8% 20% 4% BANS Beh w@aodAMeMEnaaoname SAMS MORSAGHANS NORBOOHNMS SABSBSSSSeayNs sR ssggans SSHSSSSSSQAIN IYER SAQAANS 8 Sasge seas sgeans 8 SSSaSexSsaNAAS RARRARARRAANAA AANA RANA RARRRANRRAANAAAA
Slide 9: Revenue History
Revenue History” ($ in millions) $6,000 5 $5,636 ~$5,620") 5,500 __ ™@ Digital Imaging $5,459 fm Instrumentation 5,000 | m Aerospace & Defense Electronics 4,500 -_ ™@ Engineered Systems (a) Excludes the former Aerospace Engines & Components segment, which was sold on April 19, 2011, in all years (b)
Slide 10: Continuous EPS Growth
$20.00 19.00 18.00 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 10 Continuous EPS Growth” ($ per share) $0.3? 1.8: possi ei (a) (b) (c) (d) (e) (f) (9) Represents total GAAP EPS for 2002 through 2008 and 2013 through 2022, and GAAP EPS from contin
Slide 11: Consistent Cash Flow
11 Consistent Cash Flow ($ in millions) $1,000 900 800 700 600 500 400 300 200 100 (0) 8 $244, 196 $249, $191 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023H124 m Net Income Attributable to Teledyne m Adjusted Free Cash Flow ® fa) (b) {c) (d) {e) Adjusted Free C
Slide 12: Credit Ratings Q2 2024
Q2 2024 Moody’s Baa3 S&P BBB Fitch BBB 12
Slide 13: Markets and Applications
Bio-MEMS Semiconductor and Offshore Energy Electronics Endoscopy Sensors Subsea Infrastructure Battery Inspection Ophthalmology Construction & Mining Factory Condition Radiotherapy Utilities Monitoring X-Ray Detection Space-based Imaging Air Quality and Safety Food Inspection Radiation-hardened Elec
Slide 14: Healthcare
2. Healthcare © Bio-MEMS, Endoscopy Sensors, Ophthalmology, Radiotherapy, X-Ray Detection je TELEDYNE TECHNOLOGIES PV > Everywhereyoulsox
Slide 15: Defense & Aerospace
2. Defense & Aerospace Defense Electronics, Surveillance Systems, Unmanned Air and Land Vehicles, Commercial Aircraft Avionics TELEDYNE TECHNOLOGIES Everywhereyoulook’ 15
Slide 16: a Pp » TELEDYNE TECHNOLOGIES
a Pp » TELEDYNE TECHNOLOGIES PQ Everywhereyoulook’
Slide 17: Energy & Infrastructure
©) Energy & Infrastructure © Offshore Energy, Subsea Infrastructure, Construction & Mining, Utilities TELEDYNE TECHNOLOGIES Everywhereyoulook’ 7
Slide 18: Test & Measurement
& Test & Measurement TELEDYNE TECHNOLOGIES 3 Everywhereyoulook’ 1
Slide 19: Safety & Security
Safety & Security ~ Air Quality and Safety, Process Gas Sensing, Perimeter Security Traffic Control, Automotive Safety TELEDYNE TECHNOLOGIES 5 Everywhereyoulook’ 1
Slide 20: Inspection
2. Inspection @ Semiconductor and Electronics, Battery Inspection, Factory Condition Monitoring, Food Inspection 4m TELEDYNE TECHNOLOGIES PR Everywhereyoulook’ 20
Slide 21: Maritime
@& Maritime je TELEDYNE TECHNOLOGIES PY > cverywhereyouicok
Slide 22: Goal to Reduce Scope 1 and 2 Emissions 40% by 2040
22 Teledyne: Goal to Reduce Scope 1 and Scope 2 Combined Emissions, Divided by Sales, 40% from 2020 to 2040 GHG Emissions Normalized for Revenue a <a 40 7 32.4% Decrease 35 2 28.8 Target 40% reduction $ by 2040 21.8 a) 40% REDUCTION 7 IN GREENHOUSE GAS EMISSIONS BY 2040 a 8 MT CO,e per $M Revenue ro
Slide 23: Explanation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Explanation of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, and to aid in comparability with
Slide 24: Reconciliation of Non-GAAP Financial Measures (cont.)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Management excludes the effect of each of the acquisition related items identified below to arrive at the applicable non-GAAP financial measure referenced in the previous tables for the reasons set forth below w
Slide 25: Reconciliation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures The following tables set forth a reconciliation of net income and operating margin provided in acordance with GAAP to comparable results that are non-GAAP. Reconciliation of GAAP to Non-GAAP financial measures (in milli
Slide 26: Reconciliation of Non-GAAP Financial Measures (cont.)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Reconciliation of GAAP to Non-GAAP financial measures (in millions): Fiscal Year (Incl. Discont Ops) Fiscal Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net cash provided by operating activities,
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