Slide 1: 2012 Corporate Overview
2012 Corporate Overview 2012 Corporate Overview
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: Why Invest in Curtiss-Wright?
Why Invest in Curtiss-Wright? • Positioned for above-average growth organically and through strategic acquisitions 5-Year growth objective: 15% CAGR in sales and earnings • Innovative leader supplying unique technologies that matter • Long standing customer relationships • Reputation as a trusted
Slide 4: Curtiss-Wright Strategy – Acquisition
Curtiss-Wright Strategy – Acquisition High High Low High Low Volume Low High Low 4 2012 Corporate Overview
Slide 5: Position Sensors (at Acquisition)
Position Sensors (at Acquisition) High High Low High Low Low High Low 5 2012 Corporate Overview
Slide 6: Position Sensors (Today)
Position Sensors (Today) High High Low High Low Low High Low 6 2012 Corporate Overview
Slide 7: Position Sensors – Sales and Distribution
Position Sensors – Sales and Distribution = Sales / Support office and / or Employee = Rep / Agent / Distributor = Manufacturing / Engineering 7 2012 Corporate Overview
Slide 8: Sensors – Strategic Investments
Sensors – Strategic Investments Investment in state-of-the-art machinery Expansion into low-cost facility Tempe, AZ Nogales, Mexico 8 2012 Corporate Overview
Slide 9: Acquisitions and Organic Growth
Increasing Profitability Through Acquisitions and Organic Growth CW Content Per Platform Growth Past Present Future Equipment/System LA Class VA Class ORP Potential Nuclear Valves Base Base Base I&C Equipment I&C Equipment Base Base Base Main Coolant Pumps Acquired Base Generators Acquired N/A Engin
Slide 10: Acquisitions and Organic Growth
Increasing Profitability Through Acquisitions and Organic Growth CW Content Per Platform Growth Base Example 1 Example 2 Equipment/System Boeing 737 Boeing 787 Boeing 747-8 High Lift Actuation Base N/A Base Shot Peening (structural components) Base Base Base Coatings Acquired Base Base B787 Dreamlin
Slide 11: Why Our Technologies Matter
Why Our Technologies Matter • Curtiss-Wright supplies vital technology to a variety of industries • Leading provider of unique, one-of-a-kind, sole source products • Reputation for enhancing safety, reliability and performance for customers Trusted with difficult “must-not-fail” applications • Lon
Slide 12: Defense Electronics
Advanced Technology Defense Electronics Embedded Embedded Defense Computing Modules Electronic Systems Platforms 12 2012 Corporate Overview
Slide 13: AP1000 Reactor Coolant Pumps
Advanced Technology AP1000 Reactor Coolant Pumps Advanced Reactor Design • New construction continues in China and the U.S. • New China order expected in 2012 Sanmen Nuclear Power Station, China 13 2012 Corporate Overview
Slide 14: Surface Treatment
Advanced Technology Surface Treatment Shot peening Laser peening Engineered Coatings 14 2012 Corporate Overview
Slide 15: Generating Shareholder Value
Generating Shareholder Value Strong Financial Track Record Sales Operating ($ Millions) Margin $2,500 10.2% $2,190 - 2,230 $1,862 $2,018 $2,000 9.8% $1,500 $1,000 9.4% $500 $- 9.0% 2010 2011 2012E* Flow Control Motion Control Metal Treatment CW Operating Margin * As of May 1, 2012 Note: All figures
Slide 16: Balanced Capital Structure
Balanced Capital Structure • Financial and operational discipline • Manage to internal 45% net debt to As of December 31, 2011 cap limitation ST Debt • Conservative balance sheet <1% • Focus on strategic acquisitions LT Debt 29% • Net book debt to cap typically ~30% ($ Millions) $45 $39 Equity Cash
Slide 17: Building for the Future – Infrastructure
Building for the Future – Infrastructure Positioning Curtiss-Wright for Improved Future Profitability through: • Restructuring Programs • Strategic Investments • Low cost manufacturing facilities • Greenfield operations • Facility expansions • Consolidations 17 2012 Corporate Overview
Slide 18: 2012E Financial Outlook (as of May 1, 2012)
2012E Financial Outlook (as of May 1, 2012) (in 000’s, excluding EPS) Management Guidance FY2012E Total Sales $2,190 - 2,230M 9% - 11% Flow Control $1,170 - 1,180M 10% - 11% Motion Control $750 - 770M 6% - 8% Metal Treatment $270 - 280M 9% - 13% Operating Income $213 - 221M 10% - 14% Diluted EPS (1)
Slide 19: Positioned for Growth
Positioned for Growth Sales ($ Millions) $5,000 $2.0 B $- 2011A 2012F 2013F 2014F 2015F 2016F 19 2012 Corporate Overview
Slide 20: Positioned for Growth
Positioned for Growth FY2012E* Operating Margin Future (Current) Flow Control 10.2% - 10.3% Motion Control 13.3% - 13.4% Metal Treatment 9.8% - 10.0% Total Curtiss-Wright 9.7% - 9.9% ~ 12% * 2012E Guidance as of May 1, 2012 20 2012 Corporate Overview
Slide 21: Why You Should Invest in Curtiss-Wright!
Why You Should Invest in Curtiss-Wright! • Positioned for above-average growth organically and through strategic acquisitions • Innovative leader supplying unique technologies that matter • Long standing customer relationships and reputation as a trusted supplier of advanced technology • Solid finan