Curtiss-wright Corporation · NYSE:CW

Curtiss-wright — Q3 2025 Earnings Presentation

25 slides from Curtiss-wright's earnings presentation, August 2025

  1. Slide 1: Investor Briefing Third Quarter 2025

    INVESTOR BRIEFING NYSE: CW Investor Relations contact: Jim Ryan, VP Investor Relations T: 704-869-4621 jim.ryan@curtisswright.com curtisswright.com/investor-relations/ Third Quarter 2025

  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 website from one to twelve months following the initial presentation, but content will not be updated to reflect n

  3. Slide 3: Curtiss-Wright at a Glance

    CURTISS-WRIGHT AT A GLANCE Leading Provider of Highly Engineered & Mission ~9,000 ~$3.4B Critical Technologies in Aerospace & Defense, Employees Revenue1 Commercial Power, Process & Industrial Markets BROAD & INTEGRATED PORTFOLIO GLOBAL FOOTPRINT 2025E Sales by End Market1 2024 Sales by Geography AE

  4. Slide 4: Why We Win | Key Differentiators

    WHY WE WIN | KEY DIFFERENTIATORS Strong Domain Expertise Highly Engaged Culture Managing and designing to meet customer needs and reduce risks Dedicated to integrity, excellence, and innovation Decades of Knowledge Transfer Global Footprint Since inception in major markets Engineering, sales, suppor

  5. Slide 5: Remarkable Journey with Commercial and Operational Excellence at Our Core

    REMARKABLE JOURNEY… WITH COMMERCIAL AND OPERATIONAL EXCELLENCE AT OUR CORE • Experienced leadership team with proven track record • Highly engaged culture with a strong financial acumen • Operational Growth Platform ensures continuous focus • Company-wide strategic pricing, cost containment and exec

  6. Slide 6: Pivot to Growth Strategy Drives Value Creation

    “PIVOT TO GROWTH” STRATEGY DRIVES VALUE CREATION $3.8B+ Backlog1 Commercial and Incremental Investments to Higher Growth, Higher Operational Excellence Support Fastest Growth Margin Opportunities Drive Drive Margin Expansion Vectors (R&D, Talent, Systems) Strengthened Pipeline VALUE CREATION Discipl

  7. Slide 7: Focused Investments to Accelerate Organic Growth

    FOCUSED INVESTMENTS TO ACCELERATE ORGANIC GROWTH Building out our operational growth Fueling Competitive Advantage through Innovation, Research and Development platform for long term success ▪ Targeting the fastest growth vectors within our end markets Innovation and R&D ▪ Collaborative Innovation p

  8. Slide 8: Proactively Capturing Key Secular Growth Trends

    PROACTIVELY CAPTURING KEY SECULAR GROWTH TRENDS Naval Shipbuilding Battlefield Technology Carbon-free Energy & Electrification Accelerating over the next High-tech advancements Energy Independence Across a broad range of air, decade and beyond driving larger spending within Requires nuclear innovati

  9. Slide 9: Proven Ability to Leverage Growth in Global Defense Spending

    DEFENSE MARKETS PROVEN ABILITY TO LEVERAGE GROWTH IN GLOBAL DEFENSE SPENDING STRONG & DEFENSIBLE ALIGNED WITH Ground MARKET POSITION LEADING GROWTH DRIVERS Defense LT Visibility Across Key Platforms Ford-class Aircraft Carrier, • U.S. DoD Priorities ~ 56% Columbia-class, Virginia-class and Naval Shi

  10. Slide 10: Opportunities for Growth Beyond Strong OEM Foundation

    C O M M E R C I A L A E R O S PA C E M A R K E T OPPORTUNITIES FOR GROWTH BEYOND STRONG OEM FOUNDATION Commercial Aerospace BROAD & RELEVANT ALIGNED WITH PRODUCT PORTFOLIO LEADING GROWTH DRIVERS 13% 19% ➢ Continued Acceleration in 11% Strong Presence on Majority of Narrowbody and Widebody ~13% 12% P

  11. Slide 11: Renewing the Core & Aligning to Next-Gen Technologies

    POWER & PROCESS MARKET RENEWING THE CORE & ALIGNING TO NEXT-GEN TECHNOLOGIES Power STRONG & RELEVANT ALIGNED WITH & Process PRODUCT PORTFOLIO LEADING GROWTH DRIVERS • Strong global support for reliable Enhancing Power Plant Efficiency And Reliability clean energy, carbon reduction and energy indepen

  12. Slide 12: Technologies That Advance Customer Efficiency, Safety and Reduced Emissions

    GENERAL INDUSTRIAL MARKET TECHNOLOGIES THAT ADVANCE CUSTOMER EFFICIENCY, SAFETY AND REDUCED EMISSIONS WELL-ESTABLISHED ALIGNED WITH MARKET POSITIONS LEADING GROWTH DRIVERS Broad Portfolio Of Highly- • Advancing Green Technologies ~12% General Industrial engineered Products & Services Push for Zero /

  13. Slide 13: The Power of One Curtiss-Wright

    THE POWER OF ONE CURTISS-WRIGHT: Positioned to Leverage Cross-Over Technologies to Accelerate Growth Across the Portfolio CROSS-OVER TECHNOLOGY EXAMPLES Defense technologies have long been leveraged for commercial solutions DEFENSE COMMERCIAL Flight Data & Cockpit SOLUTIONS Industrial Electrificatio

  14. Slide 14: Focused Investments to Drive Strong Financial Performance

    FOCUSED INVESTMENTS TO DRIVE STRONG FINANCIAL PERFORMANCE Research & Development Sales & Marketing Systems & Capacity Acquisitions Balancing Investments One Curtiss-Wright Flexibility to Invest in Strategic Fit Supporting for Short-, Medium-, and Market Approach Future Capacity Needs Long-Term Profi

  15. Slide 15: Successful M&A Track Record

    SUCCESSFUL M&A TRACK RECORD All Deals: At or Below 12x NTM EBITDA ESCO Arresting Systems Business Acquisition Close June 2022 November 2022 April 2024 December 2024 Purchase Price $240M $35M $34M $200M Unique, High-Value IP ✓ ✓ ✓ ✓ Market, Customer, Product ✓ ✓ ✓ ✓ STRATEGIC FILTERS Alignment Operat

  16. Slide 16: 3-Year Financial Targets (2024 – 2026)

    3-YEAR FINANCIAL TARGETS (2024 – 2026) >5% Operating Income Top Quartile >10% Organic Revenue >105% Growth > Revenue Margin Performance EPS CAGR CAGR FCF Conversion Growth Accelerating the Pace of Core Organic Growth; AP1000 Excluded from Targets and Provides Incremental Upside 16

  17. Slide 17: Long-Term Revenue Growth Assumptions (2024 – 2026)

    LONG-TERM REVENUE GROWTH ASSUMPTIONS (2024 – 2026) Aerospace Ground Naval Commercial Power & General Defense Defense Defense Aerospace Process Industrial MSD HSD MSD HSD Nuclear: LDD LSD Process: MSD Key Drivers Enabling Market Outperformance • MOSA • Tactical Comms • Columbia • Record backlog Nucle

  18. Slide 18: Beyond the Next Three Years

    BEYOND THE NEXT THREE YEARS The Art of the Possible Known AP1000 Opportunity Today: • 12+ plants 48+ pumps (4/plant) = $1.5B+ in Europe1 (est. Poland order in 2026) • Each plant $110M+ over 5-year production cycle • Incremental opportunity to support 10 new large U.S. reactors by 20302 = $1B+ Key As

  19. Slide 19: Why Invest With Us

    WHY INVEST WITH US 1 Building momentum as we execute our Pivot to Growth strategy 2 Advancing key enablers with the right talent, systems, and infrastructure to support organic growth 3 Investing in and delivering advanced technologies in attractive end markets 4 Driving strong financial performance

  20. Slide 20: Appendix

    APPENDIX 20

  21. Slide 21: Non-GAAP Financial Information

    NON-GAAP FINANCIAL INFORMATION The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved tran

  22. Slide 22: 2025E End Market Sales Waterfall

    FY’25 Guidance: 2025E END MARKET SALES WATERFALL (as of August 6, 2025) Overall UP 9 - 10% (6 - 7% Org.) A&D Markets UP 8 - 10% Comm’l Markets UP 9 - 11% Total 2025 CW End Markets $3.390 - 3.435B Aerospace & Defense Markets Commercial Markets 69% $2.37B 31% $1.05B Naval Commercial Aerospace Power &

  23. Slide 23: 2025 End Market Sales Growth Guidance

    2025 END MARKET SALES GROWTH GUIDANCE (As of August 6, 2025) Updated (in blue) 2025E Growth 2025E Growth ($ in Millions) vs 2024 vs 2024 2025E (Prior) (Current) % Sales Key Drivers ▪ Strong defense electronics growth on various C5/ISR programs (U.S. DoD and dFMS) Aerospace Defense 6 - 8% 7 - 9% 19%

  24. Slide 24: 2025 Financial Guidance

    2025 FINANCIAL GUIDANCE (As of August 6, 2025) Updated (in blue) 2025E 2025E Change vs Key Drivers ($ in millions) (Prior) (Current) 2024 Adjusted ▪ Strong growth in Commercial Aerospace and higher EM actuation sales in Defense markets Aerospace & Industrial $960 - $975 $965 - $980 4 - 5% ▪ Flat Gen

  25. Slide 25: 2025 Financial Guidance

    2025 FINANCIAL GUIDANCE (As of August 6, 2025) Updated (in blue) Change 2025E 2025E vs 2024 Key Drivers ($ in millions, except EPS) (Prior) (Current) Adjusted Total Sales $3,365 - $3,415 $3,390 - $3,435 9 - 10% Strategically focused on delivering profitable growth Total Operating Income $614 - $632

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