Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — Gabelli 21st Annual Aircraft Suppliers Conference 2015

9 slides from Curtiss-wright's conference presentation, Sep 9, 2015

  1. Slide 1: Gabelli 21st Annual Aircraft Suppliers Conference

    Gabelli 21st Annual Aircraft Suppliers Conference David Adams, Chairman and CEO NYSE: CW 1 | September 9, 2015 | © 2015 Curtiss-Wright

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this web site from one to twelve months following the initial presentation, but content will not be updated to reflect

  3. Slide 3: Curtiss-Wright Corporation

    Curtiss-Wright Corporation  ~$2.3 billion in 2015E sales Global, diversified industrial company  Leadership positions in providing highly growing markets engineered products  Enhancing safety, reliability and services to and performance Aerospace, Defense and Industrial Markets  9,000 employees

  4. Slide 4: Leadership Position in Growing Markets

    Leadership Position in Growing Markets  Industrial: On- and off-road commercial General vehicles; Industrial valves Industrial Defense (28%) (34%)  Commercial Aerospace: Leverage ramp up in OEM aircraft production rates  Power Generation: Current and future generation nuclear operating reactors 

  5. Slide 5: Long-Term Financial Goals

    Long-Term Financial Goals 3-5% Organic Sales Growth >14% Operating Margin 12% Return on Invested Capital >100% Free Cash Flow Conversion Top Quartile Performance in our Peer Group 5 | September 9, 2015 | © 2015 Curtiss-Wright

  6. Slide 6: Margin Expansion

    Margin Expansion (1) 14.2% 13.3 - 13.4%  Leveraging the benefits of 12.6% ONE Curtiss-Wright – Lean – Supply Chain Management – Shared Services 9.3% – Consolidations  Operational and productivity improvement initiatives  Steady organic sales growth CW Reported CW 2014 CW 2015E Peer 75th 2013 Perc

  7. Slide 7: Strong Free Cash Flow Generation

    Strong Free Cash Flow Generation Dollars in millions $265  More efficient execution and cash flow management  Universal focus on FCF – $166 tied to compensation  Continued working capital $70 reductions as a % of sales  High CapEx scrutiny 2012 2013 2014 7 | September 9, 2015 | © 2015 Curtiss-Wr

  8. Slide 8: Balanced Capital Allocation

    Balanced Capital Allocation  Committed to steady return of capital to shareholders – ~$100M in 1H’15 share repurchases Return of – Greater than $200 million in total Capital share repurchases expected in 2015  Utilize free cash flow for bolt-on acquisitions Operational Requirements Acquisitions 

  9. Slide 9: ONE Curtiss-Wright

    ONE Curtiss-Wright Organic Sales Growth Operating Margin Expansion Earnings and Cash Flow Working Capital Management Growth Balanced Capital Allocation Delivering Long-Term Shareholder Value 9 | September 9, 2015 | © 2015 Curtiss-Wright

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