Dover Corporation · NYSE:DOV
Dover — Morgan Stanley 5th Annual Laguna Conference 2017
12 slides from Dover's conference presentation, Sep 14, 2017
Slide 1: Morgan Stanley 5th Annual Laguna Conference
Morgan Stanley 5th Annual Laguna Conference September 14, 2017 Bob Livingston President & Chief Executive Officer Exhibit 99.1
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to the potential separation of our upstream energy businesses (coll
Slide 3: Our Evolution Over Past 10 Years
3 Our Evolution Over Past 10 Years Executed value-creating portfolio strategy, including strategic M&A as well as non-core divestitures Made organic investments to improve value-proposition for our customers through new product innovations Implemented significant operational improvements and e
Slide 4: Wellsite Announcement
4 Wellsite Announcement Completed a strategic review of our portfolio Evaluating strategic alternatives for the separation of Dover’s upstream energy businesses (together referred to as “Wellsite”) - Wellsite includes Dover Artificial Lift, Dover Energy Automation and US Synthetic Range of str
Slide 5: Wellsite: Artificial Lift, Automation and Drill Bit Inserts
5 Wellsite: Artificial Lift, Automation and Drill Bit Inserts Overview and Key Brands Financial Highlights Dover Artificial Lift (62% of 2017E Wellsite Revenue) Dover Energy Automation (16% of 2017E Wellsite Revenue) US Synthetic (22% of 2017E Wellsite Revenue) $753 $876 $1,016 2016A LTM 2017E $140
Slide 6: Dover Core Businesses - Positioned for Growth & Margin Expansion
6 Marking & Coding Digital Printing Vehicle Services Solid Waste Processing Dover Core Businesses - Positioned for Growth & Margin Expansion (1) Represents three-year projections from year-end 2016, as previously stated by the Company in the June Investor Day. (2) For presentation purposes o
Slide 7: Core Growth Platforms Over Time
7 Core Growth Platforms Over Time 7 2010 – 2017E Annual Organic Revenue Growth 4.5% average historical organic growth Without Wellsite, Dover has same strong organic growth but with lower volatility Dover core platforms serve end markets with attractive and predictable growth trends Average Lo
Slide 8: Expanding Dover Management Tools and Processes Driving Business Improvement
8 Expanding Dover Management Tools and Processes Driving Business Improvement 8 Enterprise-wide business processes to drive continuous improvement Global sourcing Shared services India Innovation Center Lean/Continuous improvement M&A and integration Performance management Development
Slide 9: Capital Allocation
9 Capital Allocation 9 Capital Deployment (2010-17E) 40% 60% Invest in Growth • Capex • Acquisitions Return capital to shareholders • Dividends • Repurchases Organic growth and development of core platforms Strategic acquisitions in core platforms Consistent and growing dividend Return excess capita
Slide 10: Our Focus on Long-Term Value Creation
10 Our Focus on Long-Term Value Creation 1 0 Build platforms in attractive markets with consistent growth Drive margin and cash flow utilizing Dover business system processes Provide larger set of products and solutions to customers on a global basis Invest to grow through organic and inorganic acti
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Slide 12: Appendix: Reconciliation of Wellsite Financials to Dover Energy Segment
12 Appendix: Reconciliation of Wellsite Financials to Dover Energy Segment (1) Includes Bearings and Compression and TWG businesses currently reported within the Energy segment (2) Includes segment eliminations, segment overhead expenses and acquisition-related amortization expenses, as applicable (
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