Slide 1: First In Flight – 100 Years
First In Flight – 100 Years
Slide 2: Highly Engineered Products
Highly Engineered Products
Slide 3: A Market Leader
A Market Leader
Slide 4: Company Profile
Company Profile A Strategically Focused, Multinational Provider of Highly Engineered Products and Services Strong Positions in Diversified, Profitable Niche Markets Built Upon: Engineering and Technological Leadership Strong Relationship with our Customers Strong Base Comprised of 3 Business Segment
Slide 5: Growing Sales & Profits
Growing Sales & Profits Sales Normalized Operating Income 15.5 30.0 34.3 42.6 48.0 47.4 61.3 80.0 1996 1997 1998 1999 2000 2001 2002 Forecast 2003 “One of America’s Top 200 Small Companies” ~ Forbes Magazine (1999 – 2002) “Top 100 Hot Growth Companies” ~ Business Week (2002) Top 30 Aerospace Busines
Slide 6: Earnings Components
15.5 30.0 34.3 48.0 47.4 61.3 8.6 11.9 11.2 12.2 12.4 16.2 7.0 42.6 1996 1997 1998 1999 2000 2001 2002 2003 1996 1997 1998 1999 2000 2001 2002 *Normalized to exclude the effects of environmental insurance settlements, post-retirement costs, consolidation costs, gains related to post- retirement medi
Slide 7: Diversified Businesses
Commerical Aerospace 19 % Defense 47 % Automotive/ Transportaton 6% Process Industry (Oil / Gas) 10 % Power Generation 10 % General Industrial 8 % Estimated 2003 Sales $700 Million Decreased dependence on Commercial Aerospace Increased presence in defense markets Global reach limits exposure to dome
Slide 8: Major Markets
Major Markets
Slide 9: Defense Market
Aerospace 17% Ground Vehicles 23% US Navy 60% Defense Market 2003 Estimated Sales of $332M Flow control products and electronic control systems for the Nuclear and Surface Navy Highly engineered Actuation & Electronic Devices & Control Systems for Aerospace and Land-Based Armored Vehicles Guidance S
Slide 10: Naval Defense Market
$23.7 $39.0 $48.4 $32.7 $148.3 $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 2001 2002 2003 Est. Base Acquisitions 2003 Estimated Sales of $196M Sales (million ) Organic Growth Rate 24% Construction of New Aircraft Carrier Submarine Construction Retrofit of Aviation Fuel Pumping Valves Naval Defense Market
Slide 11: Defense Growth Opportunities
Defense Growth Opportunities Naval Programs Increase in Submarine Build Rate Retrofit of Valves for Aviation Fuel Systems Smart Valves Aerospace F-22 Raptor, F-35 Joint Strike Fighter, Global Hawk, V-22 Osprey Land Based Defense Expansion of Value Added Cross Marketing
Slide 12: Commercial Aerospace
Commercial Aerospace 2003 Estimated Sales of $132M Flight Control and Utility Actuation Components & Integrated Systems Position Sensors, Flight Recorders, Power Supplies and Fire Detection Systems Metal Treatment of Aircraft and Jet Engine Structures & Components Shot Peen Forming of Aircraft Wing
Slide 13: Industrial Markets
Industrial Markets 2003 Estimated Sales of $245M Engineered Flow Control Products for the Commercial Nuclear Power Generation and Processing Industries Metal Treatment Services Electronic Sensors for Industrial Applications Tilting Systems for High Speed Trains Sales Segmentation Auto Transportation
Slide 14: Industrial-Power Generation
Industrial-Power Generation Organic Growth Rate of 15% Plant Life Extensions New Plant Construction: Asia Domestic Plant Restarts: Browns Ferry Worldwide Increase for Power Expanded Product Lines: Valves, Pumps, Services Sales (million) 2003 Estimated Sales of $65M $34.7 $39.7 $45.5 $19.0 $7.8 $0 $1
Slide 15: Industrial - Processing
Sales (million) 2003 Estimated Sales of $74M Organic Growth Rate of 23% New Products: Coker De-heading Valves Pilot Operated Valves Expanded Butterfly Valve Products Software Management Systems Plant Upgrades Industrial - Processing $34.2 $40.4 $49.8 $15.8 $24.5 $0 $10 $20 $30 $40 $50 $60 $70 $80 20
Slide 16: Strategic Directions
Strategic Directions
Slide 17: Strategic Directions
Strategic Directions Geographical Market Expansion Power Generation Process Industry Smart & Leakless Valves Home Land Defense Develop and Advance New Technologies
Slide 18: Lasershot SM Peening
Lasershot SM Peening Significant fatigue lifetime improvements Impacted safety/reliability on $14B Boeing 777 jets Currently impacting Gulfstream V, A340-500 & 600 jets Rolls Royce engines U.S. DOE estimating laser-peening will save government over $1B at Yucca Mountain Nuclear Waste facility
Slide 19: In Sum: A Solid Investment
In Sum: A Solid Investment Established Leader in Niche Markets Technology Market Position Low Cost Manufacturer Diversified Business Plan Proven Ability to Grow Profitably Successful Integration of Acquisitions Future Outlook
Slide 20: Safe Harbor Statement
Safe Harbor Statement Forward-looking statements in this document are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ material
Slide 21: Thank you
Thank you For more information,visit: www.curtisswright.com