Dover Corporation · NYSE:DOV

Dover — Baird 2012 Industrial Conference

13 slides from Dover's conference presentation, Nov 7, 2012

  1. Slide 1: Baird 2012 Industrial Conference

    Baird 2012 Industrial Conference Chicago, IL – November 7, 2012 Bob Livingston

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements We want to remind everyone that our comments may contain forward-looking statements that are inherently subject to uncertainties. We caution everyone to be guided in their analysis of Dover Corporation by referring to our Form 10-K for a list of factors that could cause ou

  3. Slide 3: Agenda

    3 Agenda  Our Strategy  Business Update • Capital Allocation

  4. Slide 4: Our Strategy

    Our Strategy  Our track record of success is based on: • Core technological advantages • Leading brands in the markets we serve • Commitment to industry leadership through innovation and scale • Strong focus on the customer  Our deep understanding of the customer and our exceptional capabilities i

  5. Slide 5: Strategy – Continue to Expand in Key Growth Markets

    Strategy – Continue to Expand in 5 Key Growth Markets 5 . Electronics Alternative Energy Semi Aerospace/Industrial/Military Telecom  Alignment and focus around key end-markets  Strong leverage of resources and expertise within and between segments  Well-positioned for profitable growth Refrigerat

  6. Slide 6: Strategy – Leverage Tailwinds in 5 Key Growth Markets

     Increasing living standards  Infrastructure build-out International/ Developing Economies Global energy demand  Increasing demand, depleting resources  Emerging market growth Sustainability  Energy efficiency  Environmentally friendly products Consumer product safety  Product identification

  7. Slide 7: Strategy - Geographic Expansion and the Benefits of Common Ownership

    59% 19% 15% 7% Geographic Revenue Mix North America Asia Europe Rest of World 7 Strategy - Geographic Expansion and the Benefits of Common Ownership YTD 2012 revenue Total Sales in Asia as % of Total Dover 13.6% 13.5% 14.2% 17.4% 19.0% 19.0% 2007 2008 2009 2010 2011 YTD 2012  Continue to leverage t

  8. Slide 8: Update - Q4 Markets and Businesses

    Update - Q4 Markets and Businesses  Energy remains solid  Sound Solutions improving  Industrial businesses performing well Strengthening our Portfolio and Capital Allocation  Electronics equipment market continues to be inconsistent and highly volatile • Plan to divest these businesses  Share r

  9. Slide 9: Update - Energy

    Update - Energy  Production and downstream markets remain solid • Continued completion of drilled wells • Constructive oil price • Strong transportation and retail refueling demand  Drilling has moderated with North American rig count  Outlook • Q4 results largely consistent with Q3 • Expect prod

  10. Slide 10: Update - Sound Solutions

    Update - Sound Solutions  Sound Solutions making good progress exiting Q3 • Ramp costs associated with manufacturing improvements substantially completed • Share of demand increasing on improved yields and OEM’s desire for multiple suppliers  Strengthened management team • Experienced Knowles mana

  11. Slide 11: Update - M & A Pipeline

    Update - M & A Pipeline  Deals continue to mature • Several are actionable • A couple of opportunities may close in Q4  Strategic focus continues in five key growth spaces • Near-term focus on investing in Refrigeration, Pumps and Product Identification • Continue with small add-ons in Energy prod

  12. Slide 12: Capital Allocation – Priorities Remain Intact

    Capital Allocation – Priorities Remain Intact 12  Grow and support existing businesses  Grow annual dividend • August annual increase was 11%  Acquisitions focused on 5 growth spaces  Share Repurchases • Additional $1B program

  13. Slide 13: Questions

    Questions 13

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