Slide 1: First Quarter 2025 Financial Results
FIRST QUARTER 2025 FINANCIAL RESULTS May 8, 2025
Slide 2: Forward-Looking Statements – Disclaimer
FORWARD-LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company's intent, belief, or expectati
Slide 3: Key Highlights
KEY HIGHLIGHTS • Sales growth of ~5%; Adj. EPS1 of $0.54 Q1 performance in-line with expectations • Successfully completed U.S. Currency upgrades; resumed production • Record high International Currency backlog Building momentum in key strategic areas • CPI Services winning new business beyond legac
Slide 4: De La Rue Authentication Solutions Overview
DE LA RUE AUTHENTICATION SOLUTIONS OVERVIEW Government Identification Brand ~$80M - $90M Revenue Security Protection May to December 2025 Sales1 Digital and physical Advanced security Digital tracking and technologies that enable features and secure physical security labels to the traceability of su
Slide 5: Introducing Crane Authentication
INTRODUCING CRANE AUTHENTICATION Combining OpSec and De La Rue to create market-leading provider of authentication technologies to governments and brands SALES BY GEOGRAPHY CUSTOMER TENURE SALES BY END MARKETS MEA Europe 20-50 years Government Sports and < 10 years 15% Media 25% 19% 36% 41% 39% 27%
Slide 6: Significant Progress Diversifying the Company
SIGNIFICANT PROGRESS DIVERSIFYING THE COMPANY Providing trusted technology solutions to secure, detect and authenticate what matters most Security & Authentication Technologies Crane Payment Innovations Segments 2025 Sales1 2025 Sales1 ~$735M ~$860M Businesses Operating Discipline Crane Business Sys
Slide 7: Q1 2025 Results Summary
Q1 2025 RESULTS SUMMARY Q1 2025 Q1 2024 • Sales growth of ~5%, driven by OpSec and $ Millions, except per- share amounts GAAP Adjusted1 GAAP Adjusted1 continued strong performance from International Currency Sales $330 $330 $314 $314 • Decline in core growth driven by U.S. Segment $52 $63 $73 $85 Cu
Slide 8: Crane Payment Innovations – Q1 Results
CRANE PAYMENT INNOVATIONS – Q1 RESULTS GAAP Adjusted1 $ Millions Q1 2025 Q1 2024 Change Q1 2025 Q1 2024 Change Sales $203 $209 (2.9%) $203 $209 (2.9%) Segment Operating Profit 50 53 (5.7%) 55 61 (9.4%) Segment Operating Margin 24.5% 25.2% (70bps) 27.1% 29.0% (190bps) Backlog 147 189 (22.3%) 147 189
Slide 9: Security and Authentication Technologies – Q1 Results
SECURITY AND AUTHENTICATION TECHNOLOGIES – Q1 RESULTS GAAP Adjusted1 $ Millions Q1 2025 Q1 2024 Change Q1 2025 Q1 2024 Change Sales $127 $105 21.8% $127 $105 21.8% Segment Operating Profit 2 20 (88.1%) 8 24 (64.7%) Segment Operating Margin 1.9% 19.4% (NM) 6.6% 22.8% (NM) Backlog 401 233 71.9% 401 23
Slide 10: Capital Structure (Current & Post De La Rue Acquisition)
CAPITAL STRUCTURE (CURRENT & POST DE LA RUE ACQUISITION) Net leverage ratio1 of ~1.7x Net leverage ratio1 of ~2.3x (March 31, 2025) (Estimated June 30, 2025) ~$1,130M ~$230M ~$810M Revolver ~$260M ~$605M ~$620M Revolver ~$350M Term Loan ~$430M ~$470M ~$350M Undrawn Revolver ~$350M Undrawn Revolver 4
Slide 11: Tariff Impact and Mitigation
TARIFF IMPACT AND MITIGATION (as of May 1, 2025) Country Impact • Tariffs impacting ~4% of COGS China • Implemented price increases to offset majority of current tariffs ~$20M (145% tariff) Mexico • Leveraging global manufacturing footprint and “in-region, for region” - (Exempt under USMCA)1 supply
Slide 12: 2025 Updated Guidance
2025 UPDATED GUIDANCE Initial Updated Guidance1 Guidance2 • Increased SAT sales growth outlook ̶ Continued strength in International Crane NXT Sales Growth +1% to +3% +6% to +8% Currency supported by record-high backlog CPI segment sales growth 0% to +2% -2% to 0% ̶ De La Rue Authentication adds ~$8
Slide 13: Concluding Remarks
CONCLUDING REMARKS Agile and resilient through economic uncertainty • Reaffirming full-year adj. EPS1 guidance • Tariff impact mitigated through pricing, productivity, and supply chain optimization measures Momentum building in key strategic growth areas • International Currency backlog at all time
Slide 14: Q&A
Q&A CRANE
Slide 15: Appendix
APPENDIX CRANE NO T
Slide 16: Sales Guidance – Organic vs. Total
SALES GUIDANCE – ORGANIC VS. TOTAL1 ($ millions) Excludes De Le Rue Authentication Includes De La Rue Authentication Sales Core FX Acquisitions Total NXT Core FX Acquisitions Total NXT CPI -1% to 1% -2% to -1% - -2% to 0% -1% to 1% -2% to -1% - -2% to 0% SAT -1% to 1% -2% to -1% +6% to +8% +5% to +7
Slide 17: Non-GAAP Explanations
NON-GAAP EXPLANATIONS Crane NXT reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release includes certain non-GAAP financial measures, including Adjusted operating profit, Adjusted operating margin, Adjusted EPS, free cash flow, and
Slide 18: Non-GAAP Explanations
NON-GAAP EXPLANATIONS The Company's management believes that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: • "Adjusted operating profit" and "Adjusted operating margin" add back to operating profit items
Slide 19: Non-GAAP Explanations
NON-GAAP EXPLANATIONS The Company's management believes that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: • “Free cash flow,” “Adjusted free cash flow” and "Adjusted free cash flow conversion” provide su
Slide 20: Non-GAAP Financial Measures for Crane NXT, Co.
NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Non-GAAP Financial Measures (unaudited, in millions except per share data) 20 Totals may not sum due to rounding.
Slide 21: Non-GAAP Financial Measures for Crane NXT, Co.
NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Non-GAAP Financial Measures by Segment, First Quarter (unaudited, in millions) 21 Totals may not sum due to rounding.
Slide 22: Non-GAAP Financial Measures for Crane NXT, Co.
NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. Free Cash Flow, Net Leverage Ratio (unaudited, in millions) 1 Represents cash paid for transaction related expenses. *Please see the Non-GAAP Financial tables in this release. *Please refer to the Non-GAAP Financial Measures tables in prior quarter rele
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