Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Investor Presentation (February 2025)
26 slides from Teledyne Technologies's investor presentation, February 2025
Slide 1: Investor Presentation | February 2025
INVESTOR PRESENTATION | FEBRUARY 2025 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management's beliefs about the financial condition, results of operations and businesses
Slide 3: Teledyne: Enabling Technologies to Sense, Analyze and Distribute Information
Teledyne: Enabling Technologies to Sense, Analyze and Distribute Information TELEDYNE TECHNOLOGIES
Slide 4: Global sensing and decision-support technology company
* Global sensing and decision-support technology company * Broad, balanced portfolio of highly engineered products * Proven track record; hands-on management; consistent, predictable performance * Further opportunities for margin improvement * Compound growth in earnings and cash flow * Established
Slide 5: Markets and Sales by Geography
Markets(b) Sales by Geography(b) NN 5
Slide 6: Teledyne's Transformation
Teledyne's Transformation 2000 2010” 2024 $657 Million $1.64 Billion $5.67 Billion Aerospace Castings Aerospace Engines 19% Printed Aerospace Circuits Engines Printed Circuits © Instrumentation B Digital Imaging @ Aerospace & @ Engineered ©) Divested Defense Electronics Systems Operations (a) Total
Slide 7: History of Focused, Successful Acquisitions
History of Focused, Successful Acquisitions Electronic Instrumentation ee e*@ ee@e @e- See weve Digital Imaging 7) e -©@ . e A Aerospace & Defense ws Electronics 2 e@@@- ¢ + @ @ 2001 2005 2009 2013 2017 2021 2025 Engineered Systems 72 Acquisitions; $12.6 Billion in Cumulative Consideration Ie TELEDY
Slide 8: Continuous Improvement
Continuous Improvement® Gross Margin) EBITDA Margin 48% 44% 40% 36% 32% 28% 24% 20% ESSSSSSSRR SAT TEE RE ARARRS RARRARRARANRARAAANA RNR 28% 24% 20% 16% 12% 8% 4% SSSSSSSSo BERS Se SSS RANKS RESSRIRS SSAA SARE RRS SG&A Expense International Sales (%) 35% 30% 25% 20% 15% 10% Banegeneaggenegenaaqnny B
Slide 9: Revenue History
Revenue History” ($ in millions) $6,000 ~ $5,636 95:670 5,500 _ @ Digital Imaging $5,459 i (a) Excludes the former Aerospace Engines = Instrumentation & Components segment, which was sold 5,000 | m Aerospace & Defense Electronics on April 19, 2011, in all years 4,500 -_ ™@ Engineered Systems 4,000 3
Slide 10: Continuous EPS Growth
Continuous EPS Growth® ($ per share) $ 20.00 19.00 18.00 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 ¢, 0.007 10 49.69" $19.73 1.8: pposnsi ei 03? 2001200220032004200520062007200820092010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202020212022 20232
Slide 11: Consistent Cash Flow
11 Consistent Cash Flow ($ in millions) $1,200 1,100 1,000 900 800 700 600 500 400 300 200 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 m Net Income Attributable to Teledyne mAdjusted Free Cash Flow * fa) (b) {c) (d) {e) Adjusted Free Cash Flow (a non-GAA
Slide 12: Credit Ratings Q4 2024
Q4 2024 Moody’s Baa2 S&P BBB Fitch BBB 12
Slide 13: Markets and applications overview
Bio-MEMS Semiconductor and Offshore Energy Electronics Endoscopy Sensors Subsea Infrastructure Battery Inspection Ophthalmology Construction & Mining Factory Condition Radiotherapy Utilities Monitoring X-Ray Detection Space-based Imaging Air Quality and Safety Food Inspection Radiation-hardened Elec
Slide 14: Healthcare
2. Healthcare © Bio-MEMS, Endoscopy Sensors, Ophthalmology, Radiotherapy, X-Ray Detection je TELEDYNE TECHNOLOGIES PV > Everywhereyoulsox
Slide 15: Defense & Aerospace
c Defense & Aerospace Defense Electronics, Surveillance Systems, Unmanned Air and Land Vehicles, Commercial Aircraft Avionics TELEDYNE TECHNOLOGIES Everywhereyoulook’ 15
Slide 16: a Pp » TELEDYNE TECHNOLOGIES
a Pp » TELEDYNE TECHNOLOGIES PQ Everywhereyoulook’
Slide 17: Energy & Infrastructure
©) Energy & Infrastructure © Offshore Energy, Subsea Infrastructure, Construction & Mining, Utilities TELEDYNE TECHNOLOGIES Everywhereyoulook’ 17
Slide 18: Test & Measurement
& Test & Measurement TELEDYNE TECHNOLOGIES ‘verywhereyoulook 18
Slide 19: Safety & Security
Safety & Security > Air Quality and Safety, Process Gas Sensing, Perimeter Security Traffic Control, Automotive Safety ; re ee TELEDYNE TECHNOLOGIES Everywhereyoulook’ 19
Slide 20: Inspection
ce Inspection @ Semiconductor and Electronics, Battery Inspection, Factory Condition Monitoring, Food Inspection 4m TELEDYNE TECHNOLOGIES PR Everywhereyoulook’ 20
Slide 21: Maritime
& Maritime je TELEDYNE TECHNOLOGIES PY > cverywhereyouicok
Slide 22: Goal to Reduce Scope 1 and 2 Combined Emissions 40% by 2040
22 Teledyne: Goal to Reduce Scope 1 and Scope 2 Combined Emissions, Divided by Sales, 40% from 2020 to 2040 GHG Emissions Normalized for Revenue * _ Decrease 520 Target 40% 3 25 24.7 232 reaveion a. 40% REDUCTION eas INGREENHOUSEGAS rota EMISSIONS BY 2040 ; ° 2020 2021* 2022* 2023* 2040 Target *2021
Slide 23: Explanation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Explanation of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, and to aid in comparability with
Slide 24: Reconciliation of Non-GAAP Financial Measures (cont…)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Management excludes the effect of each of the acquisition related items identified below to arrive at the applicable non-GAAP financial measure referenced in the previous tables for the reasons set forth below w
Slide 25: Reconciliation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures Reconciliation of GAAP to Non-GAAP financial measures (in millions): Fiscal Year (Incl. Discont Ops) Fiscal Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sales from Continuing Operation
Slide 26: Reconciliation of Non-GAAP Financial Measures (cont…)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Reconciliation of GAAP to Non-GAAP financial measures (in millions): Fiscal Year (Incl. Discont Ops) Fiscal Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net cash provided by operating activities,
Teledyne Technologies — Investor Presentation (February 2025) on 6ix