Carpenter Technology Corporation · NYSE:CRS
Carpenter Technology — Shareholder Meeting (October 2017)
11 slides from Carpenter Technology's shareholder meeting presentation, Oct 2, 2017
Slide 1: Cautionary Statement: Forward-Looking Statements
Cautionary Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those proj
Slide 2: Executive Summary
Executive Summary New CEO and executive team’s execution delivering results to shareholders CEO initiated new strategy and vision to transform 128 year old company into market driven preferred solutions provider and irreplaceable supplier Executive team has delivered tangible results on strategy whi
Slide 3: Carpenter's Recent History
Carpenter’s Recent History Board of Directors appointed CEO approximately two years ago during significant industry challenges in Energy and Industrial end-use markets CEO moved quickly to transform strategy and strengthen leadership (e.g., Chief Financial Officer, Chief Operating Officer and Chief
Slide 4: Our Strategy
Our Strategy Business Purpose: Our driving force is to leverage our core technical strength in engineered materials and process capabilities to solve our customers’ current and anticipated challenges. We will grow in market segments where we can provide differentiated and value-added solutions to co
Slide 5: Total Shareholder Returns (TSR)
Total Shareholder Returns (TSR) Carpenter CRS 47.39 22.5% 27.46% 38.68 Construction & Engineering Cabot Valmont CBT VMI 56.34 158.50 51.1% 33.3% 59.20% 36.82% 37.29 118.87 Barnes Kenmetal Timken B KMT TKR 70.32 40.10 48.75 80.4% 17.5% 33.3% 85.33% 25.27% 42.27% Industrial Machinery 38.99 34.12 36.57
Slide 6: Fiscal Year 2016 & 2017 Highlights
Fiscal Year 2016 & 2017 Highlights © 2017 CRS Holdings, Inc. All rights reserved 7 Foundational changes in fiscal year 2016 drove significant results in fiscal year 2017 Maintained investment grade credit rating $34 million returned to shareholders via dividend Generated $139 million of free cash fl
Slide 7: Executive Compensation Program
Executive Compensation Program Philosophy performance alignment between company performance, as measured total direct compensation Compensation Committee follows an established process to set targets and determine appropriate payouts Establish rigorous targets based upon operating plan resulting fro
Slide 8: Annual Incentives: Operating Income
Annual Incentives: Operating Income Fiscal year 2017 plan for operating income effectively flat compared to fiscal year 2016 due to: 1. Rapid decline in oil prices with limited signs of recovery needed to drive higher Energy end-use market activity Oil and gas demand remained depressed and impacted
Slide 9: Long-Term Equity Incentive Awards
Long-Term Equity Incentive Awards Given criticality of maintaining stable leadership to implement turnaround, Compensation Committee (with full Board support) approved one-time off-cycle long-term equity incentives CEO is cornerstone of cultural and financial transformation and critical to executing
Slide 10: Summary
Summary New executive team’s execution delivering results – TSR of 27.5% (above peer average) and two Wall Street sell-side “buy” recommendations in last year Executive team critical to ongoing successful implementation of transformation and execution of new irreplaceable solutions provider strategy
Slide 11: Summary
— Summary = New executive team’s execution delivering results — TSR of 27.5% (above peer average) and two Wall Street sell-side “buy” recommendations in last year = Executive team critical to ongoing successful implementation of transformation and execution of new irreplaceable solutions provider st
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