Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — William Blair 37th Annual Growth Stock Conference (June 2017)

9 slides from Curtiss-wright's conference presentation, Jun 14, 2017

  1. Slide 1: William Blair 37th Annual Growth Stock Conference

    William Blair 37th Annual Growth Stock Conference David Adams, Chairman and CEO Glenn Tynan, VP Finance and CFO NYSE: CW 1 | June 14, 2017 | © 2017 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 website from one to twelve months following the initial presentation, but content will not be updated to reflect n

  3. Slide 3: Curtiss-Wright at a Glance

    Curtiss‐Wright at a Glance  ~$2.2 billion in 2017E sales  Growing Markets 39% Defense 23% General  Severe‐Service Applications Industrial  Programs with Scale  Many Platform‐ Independent Technologies 20% Power 18% Comm. Generation Aerospace Electronics Sensors Actuation Controls Pumps & Valves

  4. Slide 4: Curtiss-Wright: always moving forward

    Curtiss‐Wright: always moving forward Top Quartile Financial Metrics Strong FCF Generation Balanced Capital Allocation Enterprise‐Wide Focus on Growth 4 | June 14, 2017 | © 2017 Curtiss‐Wright

  5. Slide 5: Long-Term Financial Goals

    Long‐Term Financial Goals 3% ‐ 5% Organic Sales Growth >14% Operating Margin 12% Return on Invested Capital >125% Free Cash Flow Conversion Minimum $250 Million FCF Top Quartile Performance in our Peer Group 5 | June 14, 2017 | © 2017 Curtiss‐Wright

  6. Slide 6: Strong Free Cash Flow Generation

    Strong Free Cash Flow Generation Free cash flow ($ in millions) Free cash flow conversion (%) $450 240% FCF  More efficient $400 $376 220% execution and cash $350 199% flow management 200% $300 $265 $272 180%  Rigorous working $250 156% 160% capital management $200 $166 153% 140%  Focus on highes

  7. Slide 7: Balanced Capital Allocation

    Balanced Capital Allocation  Steady return to shareholders – At least $50M expected share repurchases in 2017 – $100M repurchased in 2016 – $465M repurchased since early 2014 – Steady and dependable dividends  Growth through strategic acquisitions  Internal investment funds organic expansion 7 |

  8. Slide 8: Comprehensive Growth Strategy

    Comprehensive Growth Strategy  Operating Businesses grow in core markets through focused investment  Corporate initiatives (LEAN, Supply Chain Mgt., etc.) increase competitiveness and drive shareholder value CORPORATE INITIATIVES  Strategic acquisitions complement the portfolio and accelerate exp

  9. Slide 9: One Curtiss-Wright

    One Curtiss‐Wright  Leveraging the Scale and Efficiency of an Integrated Global Company – Sales Growth – Operating Margin Expansion – Earnings and Cash Flow Growth  Balanced Capital Allocation  Delivering Shareholder Value through Critical Technologies in Growing Markets 9 | June 14, 2017 | © 201

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