Slide 1: Corporate Overview: Transforming for the Future
2013 Corporate Overview Transforming for the Future 2013 Corporate Overview
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
Slide 3: Why Invest in Curtiss-Wright?
Why Invest in Curtiss-Wright? • Positioned for solid growth organically and through strategic acquisitions • Innovative leader supplying critical technologies that matter • Long standing customer relationships • Reputation as a trusted supplier of advanced technology • Solid financial and operationa
Slide 4: Curtiss-Wright Strategy – Acquisition
Curtiss-Wright Strategy – Acquisition High High Low High Low Low High Low Volume Successful track record of integrating acquisitions 2013 Corporate Overview Provide acquisitions with enhanced distribution and more efficient cost structure 4
Slide 5: Position Sensors (at Acquisition)
Position Sensors (at Acquisition) High High Low High Low Low High Low 2013 Corporate Overview 5
Slide 6: Position Sensors (Today)
Position Sensors (Today) High High Low High Low Low High Low #1 in Position Sensor market ● Lowest cost structure in the industry 2013 Corporate Overview Annual sensor & controls revenues of approximately $400M 6
Slide 7: Global Sensor and Controls Business
Global Sensor and Controls Business = Sales / Support office and / or Employee = Rep / Agent / Distributor = Manufacturing / Engineering 2013 Corporate Overview 7
Slide 8: Growing our Addressable Market
Growing our Addressable Market Current CW Current Flow Controls Control Industrial Oil & Gas P&G Industrial $905M $3B + PG Drives Oil & Gas $2B + Cimarron $300M + $1.26B Williams Controls Controls - Industrial Flow Control - Oil & Gas 2013 Corporate Overview 8
Slide 9: Evolving Market Exposure
Evolving Market Exposure Pre-4Q Acquisitions 2012 Baseline Forecast 37% Defense 12% Oil & Gas $2,077 M (1) Industrial 21% 13% Power Gen 17% (1) Excludes approximately $21 million in 2012 sales related to recent acquisitions Comm Aero Geographic Diversification ● Balanced Market Offering 2013 Corpora
Slide 10: Evolving Market Exposure
Evolving Market Exposure (2013E Guidance as of July 31, 2013) 2013E with Acquisitions 30% Defense 18% $2,480 - Oil & Gas 2,520 M 18% Industrial Power Gen 18% 16% Comm Aero Geographic Diversification ● Balanced End Market Offering 2013 Corporate Overview 10
Slide 11: Why Our Technologies Matter
Why Our Technologies Matter • Curtiss-Wright supplies vital technology to a variety of industries • Leading provider of unique, one-of-a-kind, sole source products • Reputation for enhancing safety, reliability and performance in harsh operating environments Provider of complex “must-not-fail” app
Slide 12: Defense Electronics
Advanced Technology Defense Electronics Embedded Embedded Defense Computing Modules Electronic Systems Platforms Curtiss-Wright is industry leader in embedded computing Focused on Commercial Off-the-Shelf (COTS) technology 2013 Corporate Overview 12
Slide 13: AP1000 Reactor Coolant Pumps
Advanced Technology AP1000 Reactor Coolant Pumps Advanced Reactor Design • AP1000 is only NRC-certified Gen III+ reactor design • New construction continues in China and the U.S. • New China order expected in 2013 Sanmen Nuclear Power Station, China 2013 Corporate Overview 13
Slide 14: Surface Treatment
Advanced Technology Surface Treatment Shot peening Laser peening Engineered Coatings Industry leading expertise in enhancing performance, extending life and preventing premature failure of critical components 2013 Corporate Overview 14
Slide 15: Generating Shareholder Value
Generating Shareholder Value Strong Financial Track Record 2013E sales Sales include ~$400M ($ Millions) due to recent $3,000 acquisitions $2,480 - 2,520 $2,500 $2,095 $2,018 $2,000 $1,862 $1,500 $1,000 $500 $- 2010 2011 2012 2013E* * CW Guidance as of July 31, 2013 Flow Control Controls Surface Tec
Slide 16: 2013E Financial Outlook (as of July 31, 2013)
2013E Financial Outlook (as of July 31, 2013) (in 000’s, excluding EPS) Management Guidance FY2013E Total Sales $2,480 - 2,520M 18% - 20% Flow Control $1,300 - 1,320M Controls $865 - 875M Surface Technologies $315 - 325M Operating Income $232 - 240M 44% - 48% Diluted EPS $2.75 - 2.85 41% - 46% Dilut
Slide 17: Balanced Capital Structure
Balanced Capital Structure • Financial and operational discipline • Manage to internal 45% net debt to cap limitation As of June 30, 2013 ST Debt • Conservative balance sheet 5% • Focus on strategic acquisitions • Net book debt to cap typically ~30% LT Debt 33% ($ Millions) $700 Equity $600 56% $500
Slide 18: Positioned for Growth
Positioned for Growth Sales ($ Billions) $5.0 $2.1 B $- 2012A 2013F 2014F 2015F 2016F 2017F 2013 Corporate Overview 18
Slide 19: Why You Should Invest in Curtiss-Wright!
Why You Should Invest in Curtiss-Wright! • Successfully executing our long-term growth strategy • Innovative leader in supplying unique technologies that matter • Long standing customer relationships and reputation as a trusted supplier of advanced technology • Solid financial and operational outloo