Spx Technologies, Inc. · NYSE:SPXC

Spx Technologies — Corporate Update (June 2018)

17 slides from Spx Technologies's corporate update, Jun 8, 2018

1. Slide 1: Acquisitions Update Call

   Acquisitions Update Call June 8, 2018

2. Slide 2: Forward-looking statements and non-GAAP disclaimer

    Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations, and financial projections, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as am

3. Slide 3: Acquisitions Overview

   Acquisitions Overview Gene Lowe June 8, 2018

4. Slide 4: Summary

   Summary Updating Guidance  Completed two proprietary acquisitons YTD 2018 – Finalized acquisition of CUES on June 7th  Increasing 2018 Adjusted EPS* guidance for acquisitions  Expect net leverage** near low end of target range (1.5x-2.5x) by year-end *Non-GAAP financial measure. **Calculated as d

5. Slide 5: SPX Acquisition Approach

   SPX Acquisition Approach Build on Existing Platforms Existing markets, close adjacencies Attractive Growth Opportunities Market leadership, strong technology and brands EPS Accretive Increasing Adjusted EPS* guidance for acquisitions Cash ROIC >10% (3-5 yrs) Growth and synergies to drive strong retu

6. Slide 6: Strategic Impact of Acquisitions

   Strategic Impact of Acquisitions Strengthens Global Leadership in Location Equipment Radiodetection Global Leader in Locators Schonstedt Market Leading Magnetometer Products Global Leader in Inspection Equipment Radiodetection Inspection Equipment CUES Market Leading Inspection Equipment June 8, 201

7. Slide 7: Schonstedt Overview

   Schonstedt Overview Company Profile 2017 Sales: $9M Purchase multiple*: <7x post-synergies XTpc Pipe and Cable Locator Description: Manufacturer of magnetic locator products used for locating underground utilities and other buried objects. Acquisition Rationale: • Strengthens Detection & Measurement

8. Slide 8: CUES Overview

   CUES Overview Company Profile CUES Digital Universal Camera 2017 Sales: ~$86M Purchase multiple*: <10x post-synergies Description: Leading manufacturer of inspection and rehabilitation equipment. Acquisition Rationale: Mobile Inspection Units CUES SPiDER Scanner • Strengthens Detection & Measurement

9. Slide 9: Expected Synergies

   Expected Synergies Synergy Opportunities  Geographic expansion  Channel synergies/cross-selling  Operational excellence and productivity initiatives  Leverage SPX procurement/supply chain June 8, 2018 9

10. Slide 10: Guidance Update

    Guidance Update Scott Sproule June 8, 2018

11. Slide 11: Impact of Acquisitions on Segments – 2018 Pro Forma Segment EBITDA (Core)

    Impact of Acquisitions on Segments – 2018 Pro Forma* Radiodetection Segment EBITDA (Core)** $100 $80 $60 $40 $20 $0 HVAC Detection & Engineered Measurement Solutions EBITDA Margin ~17% ~24% ~10% Note: Core results are non-GAAP financial measures that exclude the results of the South African projects

12. Slide 12: 2018 Adjusted EPS Guidance With Acquisitions

    2018 Adjusted EPS* Guidance With Acquisitions - Deal D&A EBIT Adding Back Reduce by hedge Deal - Interest $2.50 EBT Amortization Net income @ 25% ta $2.40 $2.38 Shares $2.30 EPS $2.30 $2.24 "Cash" EPS $2.20 EPS, GAAP, ex interest $0.12 $(0.04) $2.20 $2.10 Heat Transfer $2.00 $2.11 Segment loss in 20

13. Slide 13: 2018 Core Guidance (Updates Bolded)

    2018 Core Guidance (Updates Bolded) Revenue Segment Income Margin  100 basis points increase HVAC  Organic growth* within LT range of 2.0-4.0% (~15.5%) Detection &  In a range of $325-335 million  22.5-23.5% Measurement  Segment revenue decline* in high-single digits %  80-130 basis points inc

14. Slide 14: Executive Summary

    Executive Summary  Meaningful progress towards 2020 targets  Well-planned integration of acquisitions underway  Solid balance sheet position  Significant growth capital remains available Poised for Double Digit Earnings Growth June 8, 2018 14

15. Slide 15: Questions

    Questions June 8, 2018

16. Slide 16: Appendix

    Appendix June 8, 2018

17. Slide 17: 2018 Modeling Considerations

    2018 Modeling Considerations Metric Commentary/Assumptions Corporate costs Low $40Ms Long-term incentive comp $16-17M Restructuring costs $1-2M Interest cost $19-20M, including $2.5M related to acquisition financing Equity earnings, other $2M Tax rate Approximately 22% effective rate; maintaining lo

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