Crane Company · NYSE:CR
Crane — Crane Co. 2022 Investor Conference
10 slides from Crane's conference presentation, Mar 30, 2022
Slide 1: Crane Co. Financial Overview
CRANE CO. FINANCIAL OVERVIEW Jason Feldman Vice President, Investor Relations
Slide 2: Two Extremely Well Positioned Growth Platforms
TWO EXTREMELY WELL POSITIONED GROWTH PLATFORMS ($ millions) 2022G 2022G Adjusted Operating Profit** Sales $1,905 Pre-corporate Adjusted EBITDA* $350 40% Aerospace & Electronics % of sales 18.4% Process Flow Technologies 60% Adjusted operating profit** $312 % of sales 16.4% Depreciation & Amortizatio
Slide 3: Two Extremely Well Positioned Growth Platforms
TWO EXTREMELY WELL POSITIONED GROWTH PLATFORMS ▪ Solid mid single-digit core sales growth ▪ Strong operating leverage ▪ Broad portfolio of mission-critical, highly engineered solutions − Products typically specified in highly regulated end markets − Differentiated technology supported by constituent
Slide 4: Highly Attractive Financial and Business Profile
HIGHLY ATTRACTIVE FINANCIAL AND BUSINESS PROFILE $1.9 billion ~40% aftermarket 4-6% core sales sales sales growth ~18.5% pre-corporate Substantial 35%-40% operating Adjusted EBITDA margin** M&A opportunity leverage* (2022G) Expect double-digit core EPS growth with upside from capital deployment * Op
Slide 5: Strong Core Sales Growth Outlook
STRONG CORE SALES GROWTH OUTLOOK Aerospace & Electronics Process Flow Technologies 7%-9% Core Sales Growth 3%-5% Core Sales Growth ▪ Cyclical recovery of commercial A&E markets ▪ Accelerating NPD with new product vitality at record ▪ Content already won on large defense programs ramping levels over
Slide 6: History of Strong Operational Execution
HISTORY OF STRONG OPERATIONAL EXECUTION Adjusted Operating Margin* (Aerospace & Electronics and Process Flow Technologies) 200 bps of D&A 17.8% 18.0% 17.1% 18.4% EBITDA 16.4% 16.4% 15.8% 16.0% 15.3% 15.6% 15.2% 14.8% 14.3% 13.4% 13.0% 12.7% 12.6% 12.2% 10.5% 10.8% 2004 2005 2006 2007 2008 2009 2010
Slide 7: Well Positioned for M&A
WELL POSITIONED FOR M&A Aerospace & Electronics Process Flow Technologies Target Areas for M&A Target Areas for M&A ▪ Power Conversion ▪ Chemical ▪ Condition and Position Sensing ▪ Pharmaceuticals/Aseptic ▪ Pressure and Flow Measurement ▪ Wastewater treatment ▪ Flow Management ▪ Industrial Automatio
Slide 8: Financial Profile Aligned with Peers
FINANCIAL PROFILE ALIGNED WITH PEERS Crane Co. Peers Long-term growth potential MSD MSD 2022 Adjusted EBITDA Margin* ~15.5% with substantial upside ~19% 2022 Free Cash Flow conversion** ~87% ~81% 2022 EV/EBITDA multiple ~15x Strong financial profile and high-quality assets merits premium valuation S
Slide 9: Highly Attractive Financial and Business Profile
HIGHLY ATTRACTIVE FINANCIAL AND BUSINESS PROFILE $1.9 billion ~40% aftermarket 4-6% core sales sales sales growth ~18.5% pre-corporate Substantial 35%-40% operating Adjusted EBITDA margin** M&A opportunity leverage* (2022G) Expect double-digit core EPS growth with upside from capital deployment * Op
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