Slide 1: Corporate Overview April 2005
Corporate Overview APRIL 2005 One trait that is common to all our products and businesses. HIGH PERFORMANCE
Slide 2: First in Flight – 100 Years
FEBRUARY 2005 FIRST IN FLIGHT – 100 YEARS 2005 – 76 TH ANNIVERSARY 2
Slide 3: Curtiss-Wright Overview
Strategically focused, multinational provider of highly engineered products and services Strong positions in diversified, profitable niche markets built upon: Engineering and technological leadership Strong customer relationships Strong base comprised of 3 business segments Flow Control 41% Metal Tr
Slide 4: Highly Engineered Products
FEBRUARY 2005 4 Highly Engineered Products
Slide 5: Market Leader
FEBRUARY 2005 5 Market Leader
Slide 6: Growing Sales and Profits
One of America’s top 200 Small Companies – Forbes Magazine (1999-2002) Top 100 Hot Growth Companies – Business Week (2002) Top 30 Aerospace Businesses Ranked by Operating Margin – Flight International (2002) FEBRUARY 2005 6 1999 2000 2001 2002 2003 2004 2005 Est 1999 2000 2001 2002 2003 2004 2005 Es
Slide 7: Earnings Per Share
* 2000-2002 Normalized to exclude the effects of environmental insurance settlements, post-retirement costs, consolidation costs, gains related to post- retirement medical benefits, recapitalization costs and gains on asset sales. FEBRUARY 2005 7 1999 2000 2001 2002 2003 2004 2005 Est $1.67 $1.86 $1
Slide 8: Diversification
Increased presence in defense markets Increased presence in embedded computing market Leading position in commercial aerospace Global reach limits exposure to domestic markets FEBRUARY 2005 8 Diversification Defense 47% Automobile 8% Commercial 11% Oil & Gas 10% General 7% Commercial 17% Industrial
Slide 9: Business Segments
FEBRUARY 2005 9 Business Segments
Slide 10: Flow Control Segment
Operating Income ($000) Operating Margin FEBRUARY 2005 10 1999 2000 2001 2002 2003 2004 1999 2000 2001 2002 2003 2004 $6,082 $10,276 $10,703 $20,693 $39,991 $64,965 $97,486 $98,257 $172,455 $388,139 Flow Control Segment SALES Business Units…… Employees………… Sales / EE………….. OPERATING INCOME MARKETS S
Slide 11: Flow Control - Products
FEBRUARY 2005 11 Flow Control - Products Engineered control & relief valves FCCU, coker, butterfly valves Engineered pumps & drives Nuclear/non-nuclear instrumentation & control systems Aircraft carrier flight critical components Electromagnetic drive & propulsion system Process Safety Management so
Slide 12: Flow Control Strategy
Expanded new markets with related products Expanded technical content into electronic controls Expanded into the process industry Strategy FEBRUARY 2005 12 Flow Control
Slide 13: Motion Control Segment
Operating Income ($000) Operating Margin FEBRUARY 2005 13 $12,446 $15,463 $19,219 $29,579 $30,350 11.4% 12.7% 14.0% 12.2% 10.0% 11.6% $124,155 $126,771 $137,103 $233,437 $265,905 Motion Control Segment SALES OPERATING INCOME MARKETS SERVED +26% 5-Year CAGR 2004 $388,575 $44,903 Commercial Aerospace
Slide 14: Motion Control - Products
FEBRUARY 2005 14 Motion Control - Products Secondary flight control actuation systems Component overhaul and logistics support Secondary flight control actuation systems and component overhaul & logistics support Electro-mechanical aiming and stabilization systems Military fire control systems Posit
Slide 15: Motion Control Strategy
Expand control technology from mechanical to electro- mechanical to electronics Evolve from dependence on commercial aerospace market to service defense and industrial markets Strategy FEBRUARY 2005 15 Motion Control
Slide 16: Metal Treatment Segment
Operating Income ($000) Operating Margin General Industrial 19% FEBRUARY 2005 16 2004 $23,551 $23,502 $19,513 $14,403 $19,055 15.9% 22.6% 22.3% 18.1% 13.4% 13.7% $104,143 $105,318 $107,807 $107,386 $138,895 Metal Treatment Segment SALES OPERATING INCOME MARKETS SERVED +11% 5-Year CAGR $178,324 $28,2
Slide 17: Metal Treatment - Services
FEBRUARY 2005 17 Metal Treatment - Services Shot peening Peen forming Heat treating Special valves Shot peening Peen forming Heat treating Special valves Laser peening Coating applications Anodizing / chemical milling Evesham – Coatings Everlube – Coatings 1998 2003 2004
Slide 18: Metal Treatment Strategy
Strategy Increase market share by adding appropriate plant sites Add new coatings services to business portfolio Introduce new laser technology to shot peening services FEBRUARY 2005 18 Metal Treatment
Slide 19: Major Markets
FEBRUARY 2005 19 Major Markets
Slide 20: Defense Market
2005 Estimated Sales: $525M Pumps, valves & electronic systems Submarine & aircraft carrier Jet fuel pumping system retrofit Advanced Naval Propulsion technology Electromagnetic (EM) Gun Flow Control Embedded systems, position sensors, actuation and electronic controls F/A-22 Raptor, V-22 Osprey, Jo
Slide 21: Embedded Systems Markets
FEBRUARY 2005 21 Space Based Rocket Helicoptor Aircraft Bombers UAV Light Armoured Armoured Surface Ships Submarines Torpedoes & Decoys Amphibious M-5 Rocket Hera BA-2 Space Station Shuttle JEM Seawolf Collins Los Angeles NSSN Mk-30 43X2 TP2000 LCAC AAAV Commanche Sky Guardian 2000 Cobra Apache Sea
Slide 22: Embedded Computing Overview
FEBRUARY 2005 22 24% 15% 18% 9% 34% Military Medical Industrial Control Communications Other Embedded Computing Overview Core market is the $1.5B Defense segment Established leadership position with outsourcing prime Continued outsourcing by the primes (US & Europe) Leverage technology into high-end
Slide 23: Commercial Aerospace Markets
2005 Estimated Sales: 185M Flight control and utility actuation components & integrated systems Position sensors, flight recorders, power supplies and fire detection systems Component repair & overhaul services to the global airline industry Metal Treatment Shot Peening – structural components, turb
Slide 24: Laser Peening
Uniquely positioned as the world-leader in laser peening technology and commercial production New market opportunities for laser peening services, such as aerospace wing parts, highly stressed gears, medical implants, and applications in oil & gas FEBRUARY 2005 24 Laser Peening
Slide 25: Industrial Markets
Metal Treatment Automotive, commercial power, oil and gas, heavy Industrial, medical Motion Control Stabilization systems for high- speed trains Electronic sensors for industrial applications Commercial power pumps, valves and electronic control systems Flow Control 2005 Estimated Sales: $370M FEBRU
Slide 26: Industrial Power Generation
2005 Estimated Sales: $122M Plant life extensions: U.S. New plant construction: Asia Domestic plant restarts: Browns Ferry Worldwide increase demand for power Expanded product lines: valves, pumps, services FEBRUARY 2005 26 SALES ($ millions) 2001 2002 2003 2004 2005E $35 $47 $74 $122 Industrial Pow
Slide 27: Industrial Oil & Gas
2005 Estimated Sales: $114M New Products: Coke drum deheading valve Process Safety Management (PSM) software solutions Pilot-operated valves Expanded butterfly valve products Plant upgrades FEBRUARY 2005 27 Industrial Oil & Gas 2001 2002 2003 2004 2005E $34 $91 $114 35% 4-Year CAGR SALES ($ millions
Slide 28: DeltaGuard Coker Valve
Revolutionary valve technology for oil refining industry Totally automated and sealed system dramatically improves safety Significantly reduces maintenance costs and increases throughput Enables processing of cheaper grades of crude oil Intellectual property patent Curtiss-Wright DeltaGuard ® Coker
Slide 29: In Sum: A Solid Investment
Established Leader in Niche Markets Technology Market Position Competitive Cost Structure Diversified Business Plan Proven Ability to Grow Profitably Successful Integration of Acquisitions Future Outlook FEBRUARY 2005 29 76 Years NYSE: CW, CW.B In Sum: A Solid Investment
Slide 30: Forward-looking statements
Forward-looking statements in this document are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expresse
Slide 31: Thank you
Thank you For more information, visit: www.curtisswright.com