Flowserve Corporation · NYSE:FLS
Flowserve — Investor Presentation (November 2024)
14 slides from Flowserve's investor presentation, Nov 7, 2024
Slide 1: Meet the Management
Meet the Management November 7, 2024
Slide 2: Meet the Management
Meet the Management Amy Schwetz Lamar Duhon Kirk Wilson Susan Hudson Karthik Sivaraman Senior Vice President, President, Flowserve President, Senior Vice President, Vice President, Chief Financial Officer Pumps Division Flow Control Division Chief Legal Officer & Innovation & Technology Corporate Se
Slide 3: Forward Looking Statements & Non-GAAP Measures
Forward Looking Statements & Non-GAAP Measures Safe Harbor Statement: This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of
Slide 4: Our Opportunities From The 3D Strategy Remain Strong
Our Opportunities From The 3D Strategy Remain Strong DIVERSIFY DECARBONIZE DIGITIZE Diversify end markets and Support our customers Leverage technology and data create a more balanced today and through the to improve internal operations, portfolio energy transition customer experience, and provide c
Slide 5: Diversify | Decarbonize | Digitize
DIVERSIFY | DECARBONIZE | DIGITIZE DIVERSIFICATION • Strong growth in cycle- 15%YTD* resilient markets Bookings Growth • M&A to support market diversification DECARBONIZATION • Energy transition growth 27% YTD* remains strong Bookings • Elevated nuclear outlook Growth driven by power demand DIGITIZA
Slide 6: Introducing the Flowserve Business System
Introducing the Flowserve Business System Launching comprehensive framework that defines how we consistently operate across our entire company • Defines how we will run the company across 5 critical functional disciplines to deliver excellence • Aligns high-performance business processes with our st
Slide 7: 80/20 Approach to Portfolio Excellence: CORE
80/20 Approach to Portfolio Excellence: CORE GOALS 230+ • • Reduce Portfolio Complexity Expand Product Margins years • Drive Profitable Growth • Improve Customer Service Legacy of Brands & Product Families • Comprehensive, Data-Driven Portfolio Review: o 3 Business Units launched in ‘24 100 – 200+ b
Slide 8: We Outlined 2027 Financial Targets Last Year...
We Outlined 2027 Financial Targets Last Year... $5B+ 14 – 16% >$4.00 Organic Revenue Adjusted Operating Margin* Adjusted EPS* 5% CAGR through 2027 Operational excellence, CORE (80/20), and Significant growth expected in 2024 3D Strategy, aftermarket growth, and new operating leverage to drive margin
Slide 9: ...And We Are On Track To Achieve Them
...And We Are On Track To Achieve Them $5.0 20% $5.00 16% 15% $4.00 14% $4.0 $3.00 10% $2.00 $3.0 5% $1.00 2022 2023 2024 2025 2026 2027 2022 2023 2024 2025 2026 2027 2022 2023 2024 2025 2026 2027 Mid-pt Mid-pt Mid-pt $5B+ 14 – 16% >$4.00 Organic Revenue Adjusted Operating Margin* Adjusted EPS* Afte
Slide 10: Purposeful Allocation of Capital
Purposeful Allocation of Capital Guiding Principles • Capital allocation based on highest long- term return • Free cash flow conversion* targeting > 85% INVEST TO GROW ACQUISITIONS • Approach to support investment grade rating • Accelerate 3D Strategy • Growth and margin • Deliberate deployment of e
Slide 11: Meet the Management
Meet the Management November 7, 2024
Slide 12: YTD 2024 Consolidated Financial Results
YTD 2024 CONSOLIDATED FINANCIAL RESULTS Consolidated Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (Unaudited) (Amounts in thousands, except per share data) Selling, General Provision For & Administrative Loss on Sale of Operating Other Income (
Slide 13: Full Year 2023 Consolidated Financial Results
FULL YEAR 2023 CONSOLIDATED FINANCIAL RESULTS Consolidated Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (Unaudited) (Amounts in thousands, except per share data) Selling, Other Net Earnings General & Income Provision For Attributable to Net Adm
Slide 14: Full Year 2022 Consolidated Financial Results
FULL YEAR 2022 CONSOLIDATED FINANCIAL RESULTS Consolidated Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measure (Unaudited) (Amounts in thousands, except per share data) Selling, Other General & Income Provision For Administrative Operating (Expense),