Fortive Corporation · NYSE:FTV

Fortive — Q1 2017 Earnings Presentation

10 slides from Fortive's earnings presentation, Apr 27, 2017

  1. Slide 1: First Quarter 2017 Earnings Release

    First Quarter 2017 Earnings Release April 27, 2017 1

  2. Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures

    Forward-Looking Statements & Non-GAAP Financial Measures Statements in this presentation that are not strictly historical, statements regarding the Company's anticipated earnings, business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated

  3. Slide 3: First Quarter 2017 Performance Summary

    First Quarter 2017 Performance Summary NON-GAAP ADJUSTED NET REVENUE EARNINGS +4.1% Core +4.9% +15.1% Acquisitions* +0.2% FX -1.0% $209.4 $1,535.2 $181.9 $1,474.7 Q1 2016 Q1 2017 Q1 2016 Q1 2017 * Includes the impact from acquisitions and the Separation 3

  4. Slide 4: First Quarter 2017 Performance Summary

    First Quarter 2017 Performance Summary OPERATING MARGIN GROSS MARGINS +140 bps Q1 2016 – 47.1% Core +160 bps +140 bps Q1 2017 – 48.5% Acquisitions* -20 bps SG&A (as a % of Revenue) Q1 2016 – 23.0% 0 bps Q1 2017 – 23.0% 19.2% 17.8% R&D (as a % of Revenue) Q1 2016 – 6.4% Q1 2016 Q1 2017 -10 bps Q1 201

  5. Slide 5: First Quarter 2017 Performance Summary

    First Quarter 2017 Performance Summary Three Months Ended ($M) April 1, 2016 March 31, 2017 Operating Cash Flow $177 $148 Cap Ex 28 27 FREE CASH FLOW $149 $121 5

  6. Slide 6: Professional Instrumentation

    First Quarter 2017 Professional Instrumentation REVENUE OPERATING MARGIN +2.7% +120 bps Core +4.6% Core +160 bps Acquisitions* -0.7% Acquisitions* -40 bps FX -1.2% $697.4 $716.1 22.1% 20.9% Q1 2016 Q1 2017 Q1 2016 Q1 2017 * Includes the impact from acquisitions and the Separation 6

  7. Slide 7: Industrial Technologies

    First Quarter 2017 Industrial Technologies REVENUE OPERATING MARGIN +5.4% +180 bps Core +5.1% Core +180 bps Acquisitions* +1.1% Acquisitions* 0 bps FX -0.8% $819.1 18.6% $777.3 16.8% Q1 2016 Q1 2017 Q1 2016 Q1 2017 * Includes the impact from acquisitions and the Separation 7

  8. Slide 8: 2017 Outlook Guidance

    2017 Outlook (@ FORTIVE GUIDANCE

  9. Slide 9: Q&A

    2017 Outlook (@ FORTIVE Q&A

  10. Slide 10: Fortive

    (2) FORTIVE

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