Dover Corporation · NYSE:DOV
Dover — Deutsche Bank Global Industrials and Basic Materials Conference 2011
10 slides from Dover's conference presentation, Jun 16, 2011
Slide 1: Deutsche Bank Global Industrials and Basic Materials Conference
Deutsche Bank Global Industrials and Basic Materials Conference Chicago, IL June 16th, 2011
Slide 2: Forward Looking Statements
2 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
Slide 3: Dover's Q1 2011 Performance & Full-Year Outlook
Dover's Q1 2011 Performance & Full-Year Outlook Continuing Earnings Per Share 2009 FY $3.74 Q1 results reflect solid end-markets, with particular strength seen at Fluid Management and Industrial Products Q1 bookings strength is primarily driven by oil & gas and global infrastructure resulting in a b
Slide 4: Positioning for Growth
Positioning for Growth Maintaining advantagedDover business model Maintaining advantagedDover business model StrategicFocusAreas The Strategy Remains Consistent Capturing the Benefits of Common Ownership Disciplined Capital Allocation 4
Slide 5: Positioning for Growth - Five Key Growth Spaces
Positioning for Growth - Five Key Growth Spaces 60% of 2010 Revenue & 70% of 2010 Segment Earnings Energy Product Identification Refrigeration & Food Service Equipment Communication Components Fluid Solutions 5 FY 2010 revenue: $886 M FY 2010 revenue: $1,035 M FY 2010 revenue: $838 M FY 2010 revenue
Slide 6: Growth Tailwinds
Increased living standardsInfrastructure build-outManufacturing/LCC capabilities International/BRIC growth Global energy demand Increased demand, depleting resourcesRenewable energy technologiesEmerging market growth Sustainability Energy efficiencyEnvironmentally friendly productsRecycling Consumer
Slide 7: Productivity and Operational Excellence
Productivity Operational ExcellenceSafetyQualityProductivitySupply chainLeanFacility consolidationShared FacilitiesRegional support centersShared manufacturing centersStrategic PricingPrice for value delivered 7
Slide 8: Capital Allocation - Recent Deals
Expands Energy growth space as part of Norris Production Solutions portfolio of technology in artificial lift applications and strengthens product alignmentCustomers value comprehensive down- hole solutions from a single sourceIncreases scale and enables better penetration in international oil and g
Slide 9: Diversified End-Markets
Diversified End-Markets Based on FY 2010 revenue Based on 2010 full year revenue Asia & Latin America are among our fastest growing regions2010Asian revenue surpasses Europe in Q3 & Q42011China Q1 growth = 69%; Asia (inc. China) grows 40% in Q1Q1 Latin America growth = 30%Businesses spread across ec
Slide 10: Conclusion - Financial Goals - Next Three Years
Conclusion - Financial Goals - Next Three Years GROWTH Grow 6% - 8% organically, complemented by acquisition growth of 3% - 5% Total shareholder return in the top quartile of our peer companies MARGIN Expand segment margin to 17% - 18% by 2013 CASH FLOW Generate free cash flow of 10% of revenue 10
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