Slide 1: Investor Overview Fourth Quarter 2015
Investor Overview Fourth Quarter 2015 NYSE: CW 1 | © 2015 Curtiss-Wright
Slide 2: Safe Harbor Statement
Safe Harbor Statement Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this web site from one to twelve months following the initial presentation, but content will not be updated to reflect
Slide 3: Curtiss-Wright Corporation
Curtiss-Wright Corporation ~$2.2 billion in 2015E sales Global, diversified industrial company Leadership positions in providing highly growing markets engineered products Enhancing safety, reliability and services to and performance Aerospace, Defense and Industrial Markets 9,000 employees
Slide 4: Leadership Position in Growing Markets
Leadership Position in Growing Markets General Industrial: On- and off-road commercial Industrial Defense vehicles; Industrial valves (27%) (35%) Commercial Aerospace: Leverage ramp up in OEM aircraft production rates Power Generation: Current and future generation nuclear operating reactors
Slide 5: Long-Term Financial Goals
Long-Term Financial Goals 3-5% Organic Sales Growth >14% Operating Margin 12% Return on Invested Capital >100% Free Cash Flow Conversion Top Quartile Performance in our Peer Group 5 | © 2015 Curtiss-Wright
Slide 6: Margin Expansion
Margin Expansion (1) 14.2% 13.5 - 13.6% Leveraging the benefits of ONE Curtiss-Wright 12.6% – Lean/Supply Chain – Shared Services – Consolidations 9.3% – Shift to Low Cost Economies – Segment Focus Operational and productivity improvement initiatives CW Reported 2013 CW 2014 CW 2015E Peer 75th P
Slide 7: Strong Free Cash Flow Generation
Strong Free Cash Flow Generation $ in millions $265 $245 - 265 (1) Universal focus on FCF More efficient execution $166 and cash flow management Goal to reduce working capital as a % of sales – $70 tied to compensation Focus on highest return 2012 2013 2014 2015E CapEx investments (1) Adjust
Slide 8: Balanced Capital Allocation
Balanced Capital Allocation Committed to steady return of capital to shareholders – ~$200M in share repurchases through Oct. 31, 2015 Return of Capital – $300M in total share repurchases expected in FY’15 Utilize free cash flow for bolt-on acquisitions Operational Acquisitions Requirements Int
Slide 9: 2015E Financial Outlook (Guidance as of October 28, 2015)
2015E Financial Outlook (Guidance as of October 28, 2015) FY2014 FY2015E Change vs. 2014 Pro Forma (Current) Sales $2,243M $2,190 - 2,240M Flat to down 2% Operating Income $282M $296 - 304M 5 - 8% CW Margin 12.6% 13.5% - 13.6% +90 - 100 bps Diluted EPS $3.46 $3.80 - 3.90 10 - 13% Free Cash Flow (1)
Slide 10: ONE Curtiss-Wright: Delivering Long-Term Shareholder Value
ONE Curtiss-Wright Organic Sales Growth Operating Margin Expansion Earnings and Cash Flow Working Capital Management Growth Balanced Capital Allocation Delivering Long-Term Shareholder Value 10 | © 2015 Curtiss-Wright