Dover Corporation · NYSE:DOV

Dover — Morgan Stanley Laguna Conference 2022

12 slides from Dover's conference presentation, Sep 15, 2022

  1. Slide 1: Dover Corporation – Morgan Stanley Laguna Conference

    September 15, 2022 Dover Corporation Morgan Stanley Laguna Conference Rich Tobin, President & CEO

  2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

    Forward-Looking Statements and Non-GAAP Measures We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncertainties and risks, including the impacts of coronavirus (COVID-19) on the global economy and on our customers, suppliers, employee

  3. Slide 3: Dover Strategy Delivers Through-Cycle Value Creation

    Dover Strategy Delivers Through-Cycle Value Creation Revenue and Segment Earnings Margin(1) Adj. Earnings Per Share(1) Segment Earnings Margin (%) Revenue ($B) +14-15% CAGR ~5% Org. $7.63 $8.45-$8.65 Rev CAGR(1) $5.93 $5.67 $4.97 $8.5-$8.7B $7.9B $7.0B $7.1B $6.7B 20.7% 2018 2019 2020 2021 2022E 18.

  4. Slide 4: Sustained Investment Behind Resilient, High Growth Portfolio

    Sustained Investment Behind Resilient, High Growth Portfolio 2018 LTM 6/30/22 Segment Revenue Portfolio Evolution Revenue Segment $B $B 8.2 Software / Digital Engineered 7.0 1.9 Products Engineered Acquisitions: 1.6 Biopharma / Capacity expansion Products Hygienic in biopharma Clean Energy 1.8 & Fue

  5. Slide 5: Delivering on Capital Allocation Priorities

    Delivering on Capital Allocation Priorities Priorities Year-to-date ‘22 Results 1 Invest Organically  ~$100M capex investment; 2.4% of Q2 YTD Revenue  Capacity for growth  Digitization, e-commerce  Compelling pipeline of organic growth and productivity  Innovation and R&D investments  Producti

  6. Slide 6: Appendix

    Appendix 6

  7. Slide 7: Organic Revenue Bridges

    Organic Revenue Bridges 2021 - 2017 Revenue Growth Factors 2021 2020 2019 2018 2017 Organic Engineered Products 14.1% -10.3% 5.4% 6.6% 6.7% Clean Energy & Fueling 5.8% -8.8% 10.5% 9.9% -0.5% Imaging & Identification 8.0% -7.2% 1.2% 4.6% 4.6% Pumps & Process Solutions 26.6% -2.3% 3.9% 7.4% 7.3% Clima

  8. Slide 8: Reconciliation of Adjusted Earnings from Continuing Operations to Earnings from Continuing Operations

    Reconciliation of Adjusted Earnings from Continuing Operations to Earnings from Continuing Operations and Adjusted Diluted EPS from Continuing Operations to Diluted EPS from Continuing Operations ($ in millions, except per share data) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 Earnings from continuing

  9. Slide 9: Reconciliation of Earnings from Continuing Operations to Segment Earnings

    Reconciliation of Earnings from Continuing Operations to Segment Earnings and Calculation of Segment Earnings Margin ($ in millions) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 Revenue 7,907 6,684 7,136 6,992 6,821 Earnings from continuing operations 1,124 683 678 591 747 Add back: Corporate expense 156

  10. Slide 10: Reconciliation of EPS to Adjusted EPS

    Reconciliation of EPS to Adjusted EPS Note: Numbers may not add due to rounding 10

  11. Slide 11: Non-GAAP Definitions

    Non-GAAP Definitions Definitions of Non-GAAP Measures: Adjusted Earnings from Continuing Operations: is defined as earnings from continuing operations adjusted for the effect of purchase accounting expenses, restructuring and other costs/benefits, gain/loss on dispositions, loss on extinguishment of

  12. Slide 12: Slide 12

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