Crane Company · NYSE:CR
Crane — Crane Co. 2022 Investor Conference
12 slides from Crane's conference presentation, Mar 30, 2022
Slide 1: Crane Currency
CRANE CURRENCY Sam Keayes President, Crane Currency
Slide 2: Advanced Technology for Banknote Security
ADVANCED TECHNOLOGY FOR BANKNOTE SECURITY Microscopic printed “icons” that are magnified by Each lens is approximately the lens array 1/10th of a human hair C 140 microns Cross-section of Human Hair 2
Slide 3: Four Core Elements of Crane Currency Business Model Underpinned by Proprietary Technology
FOUR CORE ELEMENTS OF CRANE CURRENCY BUSINESS MODEL UNDERPINNED BY PROPRIETARY TECHNOLOGY Design Services Paper Making Micro Optic Technology Banknote Printing 3
Slide 4: Addressable Market $3.5+ Billion and Growing
ADDRESSABLE MARKET $3.5+ BILLION AND GROWING Banknote Printing Banknote Security Brand Authentication Market Size: $2 Billion Market Size: $400+ Million Market Size: $1.2+ Billion 4
Slide 5: New Products Increasing Markets and Expanding Addressable Market
NEW PRODUCTS INCREASING MARKETS AND EXPANDING ADDRESSABLE MARKET HIGH Stripe Multi-Color Rapid Rapid HD Motion Value Breeze New 2022 New 2021 New 2020 LOW LOW HIGH Price Micro-optic security technology for every banknote on any substrate 5
Slide 6: Design & Technology Drives International Growth
DESIGN & TECHNOLOGY DRIVES INTERNATIONAL GROWTH Crane Banknote Market share Crane Banknote Market share ~5% ~12% 62 Denominations 145 Denominations 27 Countries, 2 Products 50 Countries, 5 Products 2017 2021 Adoption of crane’s micro-optics accelerated over last 10 years 6
Slide 7: Sole-Source Supplier for U.S. Currency Since 1879
SOLE-SOURCE SUPPLIER FOR U.S. CURRENCY SINCE 1879 Strong core recurring business 7
Slide 8: Multiple Denominations Due for Redesign
MULTIPLE DENOMINATIONS DUE FOR REDESIGN Significant upside potential from new series redesign 8
Slide 9: Substantial Product Authentication Opportunity
SUBSTANTIAL PRODUCT AUTHENTICATION OPPORTUNITY Product Authentication Market (~$4.5 billion) Wine & spirits, 4% Cosmetics & perfume, 2% Fuel, 5% Industrial & electronics, 9% Food, 25% Pharmaceuticals, 17% Luxury, apparel, personal care, 19% Tax stamps, 19% The market is demanding more intuitive visi
Slide 10: Crane
CRANE
Slide 11: Crane NXT Summary and Conclusion
CRANE NXT SUMMARY AND CONCLUSION • Combination of two incredibly strong platforms • 40% recurring revenue & strong secular growth drivers • Long-term core growth of 4% – 6% • Outstanding 28% pre-corporate Adjusted EBITDA margin (2022G)* • Strong free cash flow conversion • Robust funnel and M&A oppo
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