Fortive Corporation · NYSE:FTV

Fortive — Q3 2016 Earnings Presentation

10 slides from Fortive's earnings presentation, Oct 27, 2016

1. Slide 1: Third Quarter 2016 Earnings Release

   Third Quarter 2016 Earnings Release October 27, 2016

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: Third Quarter 2016 Performance Summary

   Third Quarter 2016 Performance Summary NON-GAAP ADJUSTED NET REVENUE EARNINGS +2.8% Core +2.7% +22.2% Acquisitions* +0.6% FX -0.5% $1,567.4 $233.1 $1,524.6 $190.7 Q3 2015 Q3 2016 Q3 2015 Q3 2016 * Includes the impact from acquisitions and the Separation

4. Slide 4: Third Quarter 2016 Performance Summary

   Third Quarter 2016 Performance Summary Non-GAAP Adjusted GROSS MARGINS Operating Profit Q3 2015 – 49.0% +30 bps +140 bps Q3 2016 – 49.3% Core +150 bps Acquisitions* -10 bps NON-GAAP ADJUSTED SG&A (as a % of Revenue) Q3 2015 – 23.5% -90 bps Q3 2016 – 22.6% 20.6% 19.2% R&D (as a % of Revenue) Q3 2015

5. Slide 5: Third Quarter 2016 Performance Summary

   Third Quarter 2016 Performance Summary $M FY 2014 FY 2015 Q3 2015 Q3 2016 YTD 2015 YTD 2016 Operating Cash Flow $947 $1,009 $236 $332 $621 $819 Cap Ex 103 120 35 29 87 90 Free Cash Flow $844 $889 $201 $303 $534 $729

6. Slide 6: Third Quarter 2016 Professional Instrumentation

   Third Quarter 2016 Professional Instrumentation Revenue Non-GAAP Adjusted +0.2% Operating Profit Core +0.7% Acquisitions* -0.1% +80 bps FX -0.4% Core +110 bps Acquisitions* -30 bps $722.0 $723.5 22.3% 21.5% Q3 2015 Q3 2016 Q3 2015 Q3 2016 * Includes the impact from acquisitions and the Separation

7. Slide 7: Third Quarter 2016 Industrial Technologies

   Third Quarter 2016 Industrial Technologies Revenue Non-GAAP Adjusted +5.1% Operating Profit Core +4.7% Acquisitions* +0.9% +240 bps FX -0.5% Core +230 bps Acquisitions* +10 bps $843.9 21.4% $802.6 19.0% Q3 2015 Q3 2016 Q3 2015 Q3 2016 * Includes the impact from acquisitions and the Separation

8. Slide 8: 2016 Outlook @ Fortive: Guidance

   2016 Outlook @ FORTIVE GUIDANCE

9. Slide 9: 2016 Outlook Q&A

   2016 Outlook @ FORTIVE Q&A

10. Slide 10: Fortive

    (2) FORTIVE

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