ITT Inc. · NYSE:ITT

ITT — ITT Industries — Q4 2004 Earnings Presentation

9 slides from ITT's earnings presentation, March 2005

  1. Slide 1: Reported vs. Organic Revenue / Orders Growth, Fourth Quarter 2004 & 2003

    ITT Industries Non-GAAP Investor Slide Reconciliation Reported vs. Organic Revenue / Orders Growth Fourth Quarter 2004 & 2003 ($ Millions) (As Reported - GAAP) (As Adjusted - Organic) Acquisition FX Adj. Sales & Sales & Sales & Revenues Sales & Revenues Change % Change Sales & Revenues Contribution

  2. Slide 2: Reported vs. Organic Revenue / Orders Growth, Full Year 2004 & 2003

    ITT Industries Non-GAAP Investor Slide Reconciliation Reported vs. Organic Revenue / Orders Growth Full Year 2004 & 2003 ($ Millions) (As Reported - GAAP) (As Adjusted - Organic) Acquisition FX Adj. Sales & Sales & Sales & Revenues Sales & Revenues Change % Change Sales & Revenues Contribution Contr

  3. Slide 3: Segment Operating Income & OI Margin Adjusted for Restructuring, Q4

    ITT Industries Non-GAAP Investor Slide Reconciliation Segment Operating Income & OI Margin Adjusted for Restructuring Fourth Quarter of 2004 & 2003 ($ Millions) Q4 2004 Q4 2003 % Q4 2004 Adjust for 2004 Q4 2004 Q4 2003 Adjust for 2003 Q4 2003 % Change 04 Change Adj. As Reported As Reported vs. 03 As

  4. Slide 4: Segment Operating Income & OI Margin Adjusted for Restructuring, Full Year

    ITT Industries Non-GAAP Investor Slide Reconciliation Segment Operating Income & OI Margin Adjusted for Restructuring Full Year 2004 & 2003 ($ Millions) FY 2004 FY 2003 % FY 2004 Adjust for 2004 FY 2004 FY 2003 Adjust for 2003 FY 2003 % Change 04 Change Adj. As Reported As Reported vs. 03 As Reporte

  5. Slide 5: Reported vs. Adjusted Net Income & EPS, Fourth Quarter

    ITT Industries Non-GAAP Investor Slide Reconciliation Reported vs. Adjusted Net Income & EPS Fourth Quarter of 2004 & 2003 ($ Millions, except EPS and shares) Change Percent Change Q4 2004 Q4 2004 Q4 2004 Q4 2003 Q4 2003 Q4 2003 2004 vs. 2003 2004 vs. 2003 As Reported Adjustments As Adjusted As Repo

  6. Slide 6: Reported vs. Adjusted Net Income & EPS, Full Year

    ITT Industries Non-GAAP Investor Slide Reconciliation Reported vs. Adjusted Net Income & EPS Full Year 2004 & 2003 ($ Millions, except EPS and shares) Change Percent Change FY 2004 FY 2004 FY 2004 FY 2003 FY 2003 FY 2003 2004 vs. 2003 2004 vs. 2003 As Reported Adjustments As Adjusted As Reported Adj

  7. Slide 7: 4th Qtr. 2004 Reconciliation of Balance Sheet Slide

    ITT Industries Non-GAAP Investor Slide Reconciliation 4th Qtr. 2004 Investor Presentation Reconciliation of Balance Sheet Slide 5 December 31, 2003 September 30, 2004 December 30, 2004 EBITDA Coverage 32.2 32.6 25.4 Operating Income Coverage (Most Comparible Measure to EBITDA Coverage) 24.1 25.0 19.

  8. Slide 8: Cash From Operating Activities vs. Free Cash Flow

    ITT Industries Non-GAAP Investor Slide Reconciliation Cash From Operating Activities vs. Free Cash Flow 4th Quarter & Full Year 2004 & 2003 ($ Millions) FY 04 FY 03 Income from Continuing Ops 437.5 394.0 Depreciation 175.8 166.3 Amortization 22.8 20.6 Working Capital (68.1) 87.8 Pension Pre-funding

  9. Slide 9: Cash From Operating Activities vs. Free Cash Flow, 2005

    ITT Industries Non-GAAP Investor Slide Reconciliation Cash From Operating Activities vs. Free Cash Flow First Quarter & Full Year 2005 Free Cash Flow Q1 2005 Lower Upper Cash from Operations (60.0) (10.0) Capital Expenditures (40.0) (40.0) Pension Prefunding 100.0 100.0 Free Cash Flow 0.0 50.0 Free

ITT Industries — Q4 2004 Earnings Presentation on 6ix