Slide 1: Investor Briefing First Quarter 2025
INVESTOR BRIEFING NYSE: CW Investor Relations contact: Jim Ryan, VP Investor Relations T: 704-869-4621 jim.ryan@curtisswright.com curtisswright.com/investor-relations/ First Quarter 2025
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: Curtiss-Wright at a Glance
CURTISS-WRIGHT AT A GLANCE Leading Provider of Highly Engineered & Mission ~8,800 >$3.3B Critical Technologies in Aerospace & Defense, Employees Revenue1 Commercial Power, Process & Industrial Markets BROAD & INTEGRATED PORTFOLIO GLOBAL FOOTPRINT 2025E Sales by End Market1 2024 Sales by Geography AE
Slide 4: Why We Win | Key Differentiators
WHY WE WIN | KEY DIFFERENTIATORS Strong Domain Expertise Highly Engaged Culture Managing and designing to meet customer needs and reduce risks Dedicated to integrity, excellence, and innovation Decades of Knowledge Transfer Global Footprint Since inception in major markets Engineering, sales, suppor
Slide 5: Pivot to Growth Strategy for Long-Term Profitable Growth
PIVOT TO GROWTH STRATEGY FOR LONG-TERM PROFITABLE GROWTH 1 2 3 Maintain Drive Growth Accelerate Disciplined Through Organic Capital Continued Growth Allocation Through Innovation Operational Utilize M&A as a and Collaboration Excellence Strategic Accelerator Maximizing Revenue And Operating Income G
Slide 6: Building Systems and Infrastructure to Enable Organic Growth
BUILDING SYSTEMS AND INFRASTRUCTURE TO ENABLE ORGANIC GROWTH Building out our operational growth Fueling Competitive Advantage through Innovation, Research and Development platform for long term success • Collaborative Innovation platform captures the brilliance of the enterprise and empowers teamma
Slide 7: Proactively Capturing Key Secular Growth Trends
PROACTIVELY CAPTURING KEY SECULAR GROWTH TRENDS Naval shipbuilding to High-tech battlefield Shift to carbon-free energy Move to electrification accelerate advancement & energy independence across a broad range of air, over the next decade driving larger spending within promotes need for nuclear land
Slide 8: Proven Ability to Leverage Growth in Global Defense Spending
DEFENSE MARKETS PROVEN ABILITY TO LEVERAGE GROWTH IN GLOBAL DEFENSE SPENDING STRONG & DEFENSIBLE ALIGNED WITH Ground MARKET POSITION LEADING GROWTH DRIVERS Defense LT Visibility Across Key Platforms Ford-class Aircraft Carrier, • DoD Priorities ~ 56% Columbia-class, Virginia-class and Naval Shipbuil
Slide 9: Opportunities for Growth Beyond Strong OEM Foundation
C O M M E R C I A L A E R O S PA C E M A R K E T OPPORTUNITIES FOR GROWTH BEYOND STRONG OEM FOUNDATION Commercial Aerospace BROAD & RELEVANT ALIGNED WITH PRODUCT PORTFOLIO LEADING GROWTH DRIVERS 13% 19% ➢ Acceleration in Narrowbody 11% and Widebody Production ~13% 12% Strong Presence on Majority of
Slide 10: Renewing the Core & Aligning to Next-Gen Technologies
POWER & PROCESS MARKET RENEWING THE CORE & ALIGNING TO NEXT-GEN TECHNOLOGIES Power STRONG & RELEVANT ALIGNED WITH & Process PRODUCT PORTFOLIO LEADING GROWTH DRIVERS • Renewed Interest in Commercial Enhancing Power Plant Efficiency And Reliability Nuclear Power Increasing Focus on Reducing Carbon ~ 1
Slide 11: Technologies That Advance Customer Efficiency, Safety and Reduced Emissions
GENERAL INDUSTRIAL MARKET TECHNOLOGIES THAT ADVANCE CUSTOMER EFFICIENCY, SAFETY AND REDUCED EMISSIONS WELL-ESTABLISHED ALIGNED WITH MARKET POSITIONS LEADING GROWTH DRIVERS Broad Portfolio Of Highly- • Advancing Green Technologies ~12% General Industrial engineered Products & Services Push for Zero /
Slide 12: The Power of One Curtiss-Wright
THE POWER OF ONE CURTISS-WRIGHT: Positioned to Leverage Cross-Over Technologies to Accelerate Growth Across the Portfolio CROSS-OVER TECHNOLOGY EXAMPLES Defense technologies have long been leveraged for commercial solutions DEFENSE COMMERCIAL Flight Data & Cockpit SOLUTIONS Industrial Electrificatio
Slide 13: Focused Investments to Drive Strong Financial Performance
FOCUSED INVESTMENTS TO DRIVE STRONG FINANCIAL PERFORMANCE Research & Development Sales & Marketing Systems & Capacity Acquisitions Balancing Investments One Curtiss-Wright Flexibility to Invest in Strategic Fit Supporting for Short-, Medium-, and Market Approach Future Capacity Needs Long-Term Profi
Slide 14: Successful M&A Track Record
SUCCESSFUL M&A TRACK RECORD All Deals: At or Below 12x NTM EBITDA ESCO Arresting Systems Business Acquisition Close June 2022 November 2022 April 2024 December 2024 Purchase Price $240M $35M $34M $200M Unique, High-Value IP ✓ ✓ ✓ ✓ Market, Customer, Product ✓ ✓ ✓ ✓ STRATEGIC FILTERS Alignment Operat
Slide 15: New 3-Year Targets (2024 – 2026)
NEW 3-YEAR TARGETS (2024 – 2026) >5% Operating Income Top Quartile >10% Organic Revenue >105% Growth > Revenue Margin Performance EPS CAGR CAGR FCF Conversion Growth Accelerating the Pace of Core Organic Growth; AP1000 Excluded from Targets and Provides Incremental Upside 15
Slide 16: Long-Term Revenue Growth Assumptions (2024 – 2026)
LONG-TERM REVENUE GROWTH ASSUMPTIONS (2024 – 2026) Aerospace Ground Naval Commercial Power & General Defense Defense Defense Aerospace Process Industrial MSD HSD MSD HSD Nuclear: LDD LSD Process: MSD Key Drivers Enabling Market Outperformance • MOSA • Tactical Comms • Columbia • Record backlog Nucle
Slide 17: Beyond the Next Three Years
BEYOND THE NEXT THREE YEARS The Art of the Possible Known AP1000 Opportunity Today1: • 12+ plants 48+ pumps (4/plant) = $1.5B+ in Europe • Each plant $110M+ over 5-year production cycle Key Assumptions 2X Annual Commercial Nuclear PLEX >15 plants undergoing AP1000 Poland & Bulgaria SMR SMR developme
Slide 18: Why Invest With Us
WHY INVEST WITH US 1 Building momentum as we execute our Pivot to Growth strategy 2 Advancing key enablers with the right talent, systems, and infrastructure to support organic growth 3 Investing in and delivering advanced technologies in attractive end markets 4 Driving strong financial performance
Slide 19: Appendix
APPENDIX 19
Slide 20: 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 21: 2025E End Market Sales Waterfall
FY’25 Guidance: 2025E END MARKET SALES WATERFALL (as of February 12, 2025) Overall UP 7 - 8% (4 - 6% Org.) A&D Markets UP 5 - 7% Total 2025 CW End Markets Comm’l Markets UP 9 - 11% $3.335 - 3.385B Aerospace & Defense Markets Commercial Markets 69% $2.31B 31% $1.05B Naval Commercial Aerospace Power &
Slide 22: 2025 End Market Sales Growth Guidance
2025 END MARKET SALES GROWTH GUIDANCE (As of February 12, 2025) 2024 2025E Growth 2025E ($ in Millions) Sales vs 2024 % Sales Key Drivers of 2025 Performance ▪ Strong defense electronics revenue growth on various C5/ISR programs Aerospace Defense $617 6% - 8% 20% ▪ Higher sales of arresting systems
Slide 23: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE (As of February 12, 2025) 2025E Change vs ($ in millions) Adjusted 2024 Adjusted Key Drivers of 2025 Performance ▪ Strong growth in Commercial Aerospace and higher EM actuation sales in Defense markets Aerospace & Industrial $960 - $975 3% - 5% ▪ Flat General Industrial sales
Slide 24: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE (As of February 12, 2025) Change 2024 vs 2024 ($ in millions, except EPS) Adjusted 2025E Adjusted Adjusted Key Drivers of 2025 Performance Total Sales $3,121 $3,335 - $3,385 7% - 8% Strategically focused on delivering profitable growth Total Operating Income $546 $598 - $613