Moog Inc. · NYSE:MOG.A
Moog — Investor Presentation (August 2024)
24 slides from Moog's investor presentation, August 2024
Slide 1: Investor Presentation
moog INVESTOR PRESENTATION August 2024
Slide 2: Disclosures
Disclosures Cautionary Statement Regarding Forward Looking Information This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by wor
Slide 3: Moog at a Glance – a Technology Company
Moog at a Glance – a Technology Company 19% 15% 77% East Aurora, NY Headquarters A world leader in high-performance, precision motion controls, pushing the boundaries of performance every day * Market Cap as of 7/1/24 ** Non-GAAP measures, see appendix for reconciliations
Slide 4: Shaping The Way Our World Moves
Shaping The Way Our World Moves TM Each day, our people, products and technologies affect the lives of millions across the globe. Moog solutions are critical to our national security, to safe transportation, to reducing factory emissions and to enhancing patients’ lives.
Slide 5: Our Mission
Our Mission A technology company with deep capabilities in motion control systems and precision components Our highly collaborative culture delivers innovative solutions to solve our customers most difficult technical challenges We target specific applications “when performance really matters ” We d
Slide 6: Our Vision
Our Vision Together, we will make a difference by building a sustainable Moog for current and future generations.
Slide 7: Leadership Team
Leadership Team PAT ROCHE JENNIFER WALTER MARK TRABERT ELWIRA KELLY PAUL WILKINSON Chief Executive Officer Chief Financial Officer Chief Operating Officer General Counsel Chief Human Resources Officer JOE ALFIERI MARK GRACZYK STU MCLACHLAN MICHAEL SCHAFF President, Space and Defense President, Milit
Slide 8: Key Leadership Themes
Key Leadership Themes PEOPLE, COMMUNITY CUSTOMER FOCUS FINANCIAL STRENGTH AND PLANET We Deliver We Care We Perform
Slide 9: Enhancing Shareholder Value
Enhancing Shareholder Value 1 Leader in precision motion controls 2 Diverse end market participation 3 Robust organic growth 4 Expanding operating margins 5 Focused capital deployment
Slide 10: FY'23 Sales by Segment and Markets
FY’23 Sales by Segment and Markets Industrial Space and 30% Defense Credit Leonardo DRS 28% Commercial Military Aircraft Aircraft 20% 22%
Slide 11: Space and Defense
Leading designer and manufacturer of Space and Defense critical defense and space control systems and components FY’23 Sales Products and Programs ~$950M Multi-domain solutions across: ▪ Propulsion, radiation-hardened avionics and space Space vehicles for defense missions 43% Defense 51% Space ▪ Lau
Slide 12: Military Aircraft
Leading designer and manufacturer of Military Aircraft flight control and mission-critical actuation systems and products FY’23 Sales Products and Programs ~$720M F-35 Lightning II FLRAA Aftermarket 25% Advanced primary Courtesy Bell Textron Inc flight controls on the 51% latest military aircraft Co
Slide 13: Commercial Aircraft
Leading designer and manufacturer of Commercial Aircraft flight-critical control systems, products and services FY’23 Sales Products and Programs ~$700M Widebody aircraft Boeing 787 Airbus A350 Aftermarket Courtesy of Boeing 35% Critical primary flight 51% controls on the latest 28% 65% OEM aircraft
Slide 14: Industrial
Leading designer and manufacturer of Industrial high-performance motion control products and system solutions FY’23 Sales Products and Customers ~$980M Energy Industrial Automation 13% ▪ Capital equipment including heavy machinery, plastic injection Simulation molding and metal forming presses for v
Slide 15: Current Year Guidance: Segments
Current Year Guidance: Segments USD in millions Current Year Guidance vs Prior Year Current Year Guidance vs Prior Year Sales Adjusted Operating Margin* As of As of Delta FY’23 Delta FY’23 Jul’24 Jul’24 (bps) Space and Defense $1,010 $947 7% Space and Defense 13.0% 10.5% 250 Military Aircraft ** 790
Slide 16: Current Year Guidance
Current Year Guidance USD in millions except for EPS Current Year Guidance vs Prior Year As of FY’23 Jul’24 Total Sales $ 3,575 $ 3,319 ► Sales increase by 8% Adjusted Operating Profit* $ 443 $ 362 ► Benefits from higher sales and key initiatives Adjusted Operating Margin* 12.4% 10.9% Interest $ 71
Slide 17: Financial Targets Through FY'26
Financial Targets Through FY'26* Base Year FY’22 5-7% 100 bps 15-20% 75-100% Sales CAGR Average Annual Adjusted Free Cash Flow Adjusted Operating Earnings per Conversion in Margin Growth Share CAGR FY’25 & FY’26 Modest Cash Flow in FY’24 * Statements made as of June 2023 Moog Investor Day
Slide 18: Capital Deployment Priorities
Capital Deployment Priorities 1 Invest in the business ▪ Fund advanced manufacturing capabilities and facilities $2B ▪ Support new business ventures for organic growth 2 Return capital to shareholders Capital available to be ▪ Committed to quarterly dividend ▪ Opportunistic share repurchases deploye
Slide 19: Key Takeaways
Key Takeaways Improving Shareholder Value Capital deployment Key initiatives in Management team Strong organic sales focused on place to drive committed to building growth organic growth margin expansion financial strength opportunities
Slide 20: Appendix
Appendix KMA@OG | SHAPING THE WAY OUR WORLD MOVES™
Slide 21: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings to Adjusted EBITDA USD in millions moog | SHAPING THE WAY OUR WORLD MOVES
Slide 22: Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share
Reconciliation of Adjusted Net Earnings and Diluted Earnings Per Share USD in millions, except for EPS moog | SHAPING THE WAY OUR WORLD MOVES
Slide 23: Reconciliation of Adjusted Operating Profit and Margin
Reconciliation of Adjusted Operating Profit and Margin USD in millions moog | SHAPING THE WAY OUR WORLD MOVES
Slide 24: Reconciliation to Free Cash Flow
Reconciliation to Free Cash Flow USD in millions moog | SHAPING THE WAY OUR WORLD MOVES