Crane Company · NYSE:CR
Crane — Crane Co. 2021 Aerospace & Electronics Investor Conference (Virtual)
30 slides from Crane's conference presentation, May 26, 2021
Slide 1: Crane Co. Strategic Overview
Crane Co. Strategic Overview Max Mitchell, President and Chief Executive Officer
Slide 2: Divesting Engineered Materials Segment
DIVESTING ENGINEERED MATERIALS SEGMENT
Slide 3: Divesting Engineered Materials Segment
DIVESTING ENGINEERED MATERIALS SEGMENT
Slide 4: Divesting Engineered Materials Segment
DIVESTING ENGINEERED MATERIALS SEGMENT
Slide 5: Divesting Engineered Materials Segment
DIVESTING ENGINEERED MATERIALS SEGMENT
Slide 6: Fluid Handling Renamed "Process Flow Technologies"
FLUID HANDLING RENAMED “PROCESS FLOW TECHNOLOGIES” » • NEW NAME BETTER REFLECTS KEY STRENGTHS AND CORE COMPETENCIES
Slide 7: Fluid Handling Renamed "Process Flow Technologies"
FLUID HANDLING RENAMED “PROCESS FLOW TECHNOLOGIES” CPFT CRANE PROCESS FLOW TECHNOLOGIES
Slide 8: Fluid Handling Renamed "Process Flow Technologies"
FLUID HANDLING RENAMED “PROCESS FLOW TECHNOLOGIES” PROCESS FLOW TECHNOLOGIES A global provider of industrial flow control products and systems
Slide 9: Fluid Handling Renamed "Process Flow Technologies"
FLUID HANDLING RENAMED “PROCESS FLOW TECHNOLOGIES” CRANE PROCESS FLOW TECHNOLOGIES
Slide 10: Inflection for Three Growth Platforms
INFLECTION FOR THREE GROWTH PLATFORMS Payment & Merchandising Aerospace & Electronics Process Flow Technologies Technologies
Slide 11: Q1 2021 Earnings Summary
Q1 2021 EARNINGS SUMMARY $ Millions except per-share amounts Q1 2021 Q1 2020 Change Sales* $834 $800 +4% Operating Profit** $135 $96 +40% Operating Margin** 16.2% 12.0% +420 bps Earnings per Share** $1.66 $1.15 +44% Free Cash Flow*** $45 ($43) NM Additional Details Q1 2021 Q1 2021 Core Growth* +0.4%
Slide 12: 2021 Guidance Summary
2021 GUIDANCE SUMMARY $ Millions 2020 Prior 2021G New 2021G (As Reported: Including Engineered (Issued May 3, 2021: Including except per share amounts Engineered Materials) (Excluding Engineered Materials) Materials) Net Sales* $2,947 $3,185 $3,015 Earnings per Share** $3.84 $5.65 to $5.85 $5.65 to
Slide 13: Key Themes from February Investor Conference
KEY THEMES FROM FEBRUARY INVESTOR CONFERENCE Strong Market Recovery Accelerating Organic Growth Investment Results Growing Opportunities for M&A Supported by a Strong Foundation of CBS and Crane’s Culture
Slide 14: Expect Strong Cyclical & Secular Market Recovery
EXPECT STRONG CYCLICAL & SECULAR MARKET RECOVERY
Slide 15: Accelerating Results from Organic Investments
ACCELERATING RESULTS FROM ORGANIC INVESTMENTS New Product Development Breakthrough Innovation Technology Investment Localization Commercial Excellence Incoming Sales Order Customer POs Created in the ERP System
Slide 16: Accelerating Results from Organic Investments
ACCELERATING RESULTS FROM ORGANIC INVESTMENTS
Slide 17: Accelerating Results from Organic Investments
ACCELERATING RESULTS FROM ORGANIC INVESTMENTS
Slide 18: Accelerating Results from Organic Investments
ACCELERATING RESULTS FROM ORGANIC INVESTMENTS
Slide 19: Proven Success as an Acquirer
PROVEN SUCCESS AS AN ACQUIRER »» OVER PAST 10 YEARS, ACQUISITION SYNERGY REALIZATION 1.5 TO 2X ORIGINAL FORECAST
Slide 20: M&A Focus Areas
M&A FOCUS AREAS Aerospace & Process Flow Electronics Technologies »» SUBSTANTIAL OPPORTUNITIES FOR BOTH BOLT-ON TRANSACTIONS AND ADJACENCIES
Slide 21: Data-Driven and Analytical Approach to M&A
DATA-DRIVEN AND ANALYTICAL APPROACH TO M&A IDENTIFICATION AND PORTFOLIO ASSESSMENT Higher Space Attractiveness Lower Lower Higher Extendibility for Crane Note: Illustrative only.
Slide 22: Building on a Strong Foundation
BUILDING ON A STRONG FOUNDATION Ethical Culture Philanthropy, Sustainability, Equality Crane Business System »
Slide 23: R.T. Crane Resolution
R.T. CRANE RESOLUTION I am resolved to conduct my business in the strictest honesty and fairness; to avoid all deception and trickery; to deal fairly with both customers and competitors; to be liberal and just toward employees; and to put my whole mind upon the business. Resolution Made by Richard T
Slide 24: Crane Culture as a Differentiator
CRANE CULTURE AS A DIFFERENTIATOR A loyal employee gives something besides his labor and the employer should recognize that fact. Richard Teller Crane
Slide 25: Crane Culture as a Differentiator
CRANE CULTURE AS A DIFFERENTIATOR Ethics & Integrity Honesty & Fairness Philanthropy Sustainability Equality, Diversity & Respect – Globally
Slide 26: Our Global Community
OUR GLOBAL COMMUNITY
Slide 27: Our Global Community
OUR GLOBAL COMMUNITY CRANE
Slide 28: Differentiated Execution Capabilities
DIFFERENTIATED EXECUTION CAPABILITIES
Slide 29: Strong Aerospace & Electronics Growth Outlook
STRONG AEROSPACE & ELECTRONICS GROWTH OUTLOOK Breakthrough Technology for Next Innovation Gen Applications Core Expansion New program wins 7% - 9% CAGR (2021 – 2030) Commercial aerospace Market Growth recovery » CONFIDENCE IN ACCELERATING GROWTH
Slide 30: www.craneco.com
» www.craneco.com
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