Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — Investor Presentation (2014)

11 slides from Curtiss-wright's investor presentation, 2014

1. Slide 1: Investor Overview Third Quarter 2014

   Investor Overview Third Quarter 2014 1 | © 2014 Curtiss-Wright

2. 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

3. Slide 3: Curtiss-Wright Corporation

   Curtiss-Wright Corporation  Global, diversified industrial company  Highly engineered products / services  Enhancing safety, reliability and performance  Strategically aligned with growing markets  10,000 employees worldwide  2014E sales of ~$2.6 billion 3 | © 2014 Curtiss-Wright

4. Slide 4: Long-Term Financial Goals

   Long-Term Financial Goals 5-6% Organic Sales Growth 14% Operating Margin 12% Return on Invested Capital 100% Free Cash Flow Conversion Top Quartile Performance in our Peer Group 4 | © 2014 Curtiss-Wright

5. Slide 5: Strategy for Profitable Growth

   Strategy for Profitable Growth Fully Integrate the Maintain and Exploit our Company as ONE Technical Advantage Curtiss-Wright Partner with our Key Leverage our Mass and Customers to Solve Global Scale Critical Problems 5 | © 2014 Curtiss-Wright

6. Slide 6: Healthy and Growing Markets

   Healthy and Growing Markets  Commercial Aerospace: Ramp up in Power aircraft production rates Generation Commercial 17%  Industrial: Off-road plus medium and Aero 17% heavy duty commercial vehicles  Power Generation: Current and future generation commercial nuclear operating Oil & Gas reactors Ge

7. Slide 7: Margin Expansion

   Margin Expansion  Leveraging One Curtiss-Wright – Lean – Supply Chain Management – Shared Services  Portfolio review and rationalization  Operational and productivity improvement initiatives  Steady organic sales growth 2018 Operating Margin Objective: 14% 7 | © 2014 Curtiss-Wright

8. Slide 8: Measuring Operating Margin Performance

   Measuring Operating Margin Performance 15.0% 14.0% 14.0% 13.0% 12.5% 12.0% 11.1% - 11.3% 11.0% 10.0% 9.3% 9.0% 8.0% 7.0% 6.0% CW 2013 CW 2014E* Peer 75th Percentile 2018 Objective *Guidance presented on a continuing operations basis as of July 30, 2014 Improved Profitability Drives Solid EPS Growth

9. Slide 9: Free Cash Flow Generation

   Free Cash Flow Generation  Reduce working capital as a % of sales – Improve collections and payables – Solid inventory management – Target <25%  Enterprise-wide focus tied to compensation  More efficient execution and cash flow management  Higher scrutiny of all capital expenditures Target: FCF

10. Slide 10: Balanced Capital Allocation Strategy

    Balanced Capital Allocation Strategy Returns to Shareholders (Dividends / Buybacks) Acquisitions  Remain committed to steady returns to shareholders  Employ free cash flow for bolt-on acquisitions to bolster portfolio  Balanced approach drives long-term growth and enhances shareholder value Ongoi

11. Slide 11: Why Invest in Curtiss-Wright?

    Why Invest in Curtiss-Wright?  Solid organic sales growth  Significant operating margin expansion  Improved working capital management driving higher free cash flow  Committed to balanced capital allocation strategy with steady shareholder distributions Delivering Long-Term Shareholder Value 11

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