Slide 1: Corporate Overview
éf CURTISS WRIGHT 2013 Corporate Overview Technologies that Matter
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 • 5-Year strategic growth objective: 15% CAGR in sales and earnings • Innovative leader supplying critical technologies that matter • Long standing customer relationships • Reputation as a trus
Slide 4: Curtiss-Wright Strategy – Acquisition
Curtiss-Wright Strategy – Acquisition High High Low High Low Low High Low Volume Curtiss-Wright successful at integrating acquisitions Provides 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 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 Annual sensor & controls revenues of approximately $400M 6
Slide 7: Global Sensors Business
Global Sensors Business = Sales / Support office and / or Employee = Rep / Agent / Distributor = Manufacturing / Engineering 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 Oil & Gas O & G, Current Surface Power Gen, $240M Technologies Petrochem + $140M Gartne
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 9
Slide 10: Evolving Market Exposure
Evolving Market Exposure (2013E Guidance as of February 20, 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 Market Offering 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 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 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 14
Slide 15: Generating Shareholder Value
Generating Shareholder Value Strong Financial Track Record 2013E sales include ~$400M Sales due to recent ($ Millions) acquisitions $3,000 $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 February 20, 2013 Flow Control Controls Surface
Slide 16: 2013E Financial Outlook (as of February 20, 2013)
2013E Financial Outlook (as of February 20, 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 $229 - 237M 42% - 47% Diluted EPS $2.70 - 2.80 39% - 44% D
Slide 17: Pro Forma EPS Growth – 2012A vs. 2013E
Pro Forma EPS Growth – 2012A vs. 2013E (as of February 20, 2013) $3.00 $0.20 - $0.26 $2.70 - $2.80 $0.58 $0.23 - $0.27 $2.50 ($0.15 ) ($0.11) $2.00 $1.95 $1.50 $1.00 $0.50 $0.00 2012A Reported One-time items in One-time items in Pension Increase Acquisition Organic 2013E Pro Forma 2012 2013 Improvem
Slide 18: Balanced Capital Structure
Balanced Capital Structure • Financial and operational discipline As of December 31, 2012 • Manage to internal 45% net debt to ST Debt cap limitation 5% • Conservative balance sheet • Focus on strategic acquisitions LT Debt • Net book debt to cap typically ~30% 33% ($ Millions) As of February 28, 20
Slide 19: Positioned for Growth
Positioned for Growth Sales ($ Billions) $5.0 $2.1 B $- 2012A 2013F 2014F 2015F 2016F 2017F 19
Slide 20: 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