Slide 1: Q2 2022 Earnings Conference Call
Q2 2022 EARNINGS CONFERENCE CALL Conference Call Dial-in numbers: AUGUST 4, 2022 (866) 374-5140 (domestic) (404) 400-0571 (international) PIN Code: 71170317# Q2 2022 Earnings Presentation
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 website from one to twelve months following the initial presentation, but content will not be updated to reflect n
Slide 3: Solid Second Quarter Performance Supports Full-Year 2022 Outlook
SOLID SECOND QUARTER PERFORMANCE SUPPORTS FULL-YEAR 2022 OUTLOOK Second Quarter 2022 Highlights Recent Events ▪ Sales of $609M, reflecting HSD sequential growth ▪ Secured new financing to support capital allocation strategy – Strong demand in Nuclear aftermarket, Process and Industrial – Announced n
Slide 4: Second Quarter 2022 Financial Review
SECOND QUARTER 2022 FINANCIAL REVIEW Q2’22 Q2’21 Chg vs. ($ in millions) Adjusted Adjusted Q2’21 Key Drivers Aerospace & Industrial $209 $194 8% ▪ Strong growth in Commercial Aerospace (narrow/widebody OEM) and industrial vehicles ▪ Timing of revenue in Aerospace Defense (embedded computing equipmen
Slide 5: 2022 End Market Sales Growth Guidance
2022 END MARKET SALES GROWTH GUIDANCE (As of August 3, 2022) Updated (in blue) 2022E Growth 2022E Growth Expecting Solid Growth in A&D vs 2021 vs 2021 2022E (Prior) (Current) % Sales and Commercial Markets Aerospace Defense 0% - 2% 9% - 11% 19% ▪ Contribution from SAA acquisition; Expect H2 ramp in
Slide 6: 2022 Financial Guidance
2022 FINANCIAL GUIDANCE (As of August 3, 2022) Updated (in blue) 2022E Adjusted 2022E Adjusted % Change ($ in millions) (Prior) (Current) vs 2021 Aerospace & Industrial $805 - 825 $820 - 840 6% - 8% ▪ Strong growth in Commercial Aerospace and General Industrial markets ▪ A&D sales growth weighted to
Slide 7: 2022 Financial Guidance
2022 FINANCIAL GUIDANCE (As of August 3, 2022) Updated (in blue) 2022E Adjusted 2022E Adjusted % Change ($ in millions, except EPS) (Prior) (Current) vs 2021 Total Sales $2,530 - 2,580 $2,570 - 2,620 4% - 6% Total Operating Income $432 - 446 $439 - 452 5% - 7% Growth in operating income > sales Othe
Slide 8: Curtiss-Wright Remains Well Positioned for Long-Term Profitable Growth
CURTISS-WRIGHT REMAINS WELL POSITIONED FOR LONG-TERM PROFITABLE GROWTH ▪ Sales growth of 4% - 6%, driven by increases in A&D and Commercial markets – Solid 3% - 5% organic growth plus SAA acquisition providing strong boost to top-line ▪ Continued Operating Margin expansion, Expect 10 - 30 bps increa
Slide 9: Appendix
Appendix Q2 2022 Earnings Presentation 9
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved tran
Slide 11: Second Quarter 2022: End Market Sales Growth
SECOND QUARTER 2022: END MARKET SALES GROWTH Q2’22 Q2’21 Chg vs. ($ in millions) Key Drivers Adjusted Adjusted Q2’21 Timing of sales on various programs, due to supply chain headwinds and delayed signing Aerospace Defense $95 $100 (5%) of FY22 DoD Budget; Partially offset by higher foreign military
Slide 12: 2022E End Market Sales Waterfall
FY’22 Adjusted Guidance: 2022E END MARKET SALES WATERFALL (as of August 3, 2022) Overall UP 4 - 6% A&D Markets UP 4 - 6% Total 2022 CW End Markets Comm’l Markets UP 5 - 7% $2.57B - 2.62B Aerospace & Defense Markets Commercial Markets 66% $1.72B 34% $0.87B Naval Commercial Aerospace Power & Process G