Flowserve Corporation · NYSE:FLS
Flowserve — Gabelli Pump, Valve and Water Systems Symposium 2018
10 slides from Flowserve's conference presentation, Feb 22, 2018
Slide 1: Gabelli Pump, Valve and Water Symposium
Gabelli Pump, Valve and Water Symposium Scott Rowe, President & Chief Executive Officer FEBRUARY 22, 2018 1
Slide 2: Forward Looking Statements and Non-GAAP Measures
Forward Looking Statements and Non-GAAP Measures Safe Harbor Statement: This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions
Slide 3: Key Messages and Investment Highlights
Key Messages and Investment Highlights (NYSE: FLS) Distinguished history of flow control expertise Breadth and depth of product and services offering Significant installed base provides recurring aftermarket opportunities Energy end markets appear to have inflected Transforming Flowserve to capitali
Slide 4: A Comprehensive, Pure-play Flow Control Company
A Comprehensive, Pure-play Flow Control Company With a Heritage of More Than 220 Years RW Baird Industrial Conference 4
Slide 5: Flowserve by the Numbers
Flowserve by the Numbers ~17,000 Over 50 Over 50 Leading Employees Countries Product Brands 2+ million pumps 178 10,000+ (installed base) Aftermarket QRCs Customers Annually (Quick Response Centers) By combining global reach with a personalized local presence, each day our products, services & solut
Slide 6: Diversified Business Model
Diversified Business Model Latin America IPD Middle East & Africa North Geographic America Segment Exposure EPD Breakdown 2017 2017 Asia Pacific Sales - $3.7B Sales - $3.7B FCD Europe General Industries Oil & Gas Energy-focused Diverse Water End Markets OE OE / AM Mix AM 2017 2017 Sales - $3.7B Book
Slide 7: Industrial Market Cycles
Industrial Market Cycles Cycle appears at, or near, the bottom Capital Expenditure (YoY % change) 40% 30% 20% 10% 0% -10% -20% -30% Oil & Gas Chemical Power Generation General Industry Source: S&P CapitalIQ, Oxford Economics and Flowserve internal estimates RW Baird Industrial Conference 7
Slide 8: Flowserve Operating and Financial Principles
Flowserve Operating and Financial Principles Creating Long-term Shareholder Value • Flowserve 2.0 - Streamline and simplify operating model - Drive operational excellence - Market-led and customer focused - Technology leader • Return capital to shareholders • Capital to drive organic growth • Discip
Slide 9: 2017 Overview and Outlook
2017 Overview and Outlook • Reported 2017 EPS negatively impacted by discrete tax (including US Tax Cut and Jobs Act) and realignment expense ‒ Adjusted 2017 EPS* of $1.36 • Full year bookings increased 1.2%, with a 1.04 book-to-bill ‒ includes approximately 2% headwind from divestitures • Revenue d
Slide 10: Investor Relations Contacts
Investor Relations Contacts Jay Roueche Mike Mullin 972.443.6560 972.443.6636 jroueche@flowserve.com mmullin@flowserve.com 10
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