Fortive Corporation · NYSE:FTV

Fortive — Q2 2017 Earnings Presentation

10 slides from Fortive's earnings presentation, Jul 27, 2017

1. Slide 1: Second Quarter 2017 Earnings Release

   Second Quarter 2017 Earnings Release July 27, 2017 1

2. Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures

   Forward-Looking Statements & Non-GAAP Financial Measures Statements in this presentation that are not strictly historical, statements regarding the Company's anticipated earnings, business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated

3. Slide 3: Second Quarter 2017 Performance Summary

   Second Quarter 2017 Performance Summary NON-GAAP ADJUSTED NET REVENUE EARNINGS +4.7% Core +5.4% +13.2% Acquisitions* +0.4% FX -1.1% $249.9 $1,628.8 $1,555.1 $220.8 Q2 2016 Q2 2017 Q2 2016 Q2 2017 * Includes the impact from acquisitions and the Separation 3

4. Slide 4: Second Quarter 2017 Performance Summary: Margins

   Second Quarter 2017 Performance Summary OPERATING MARGIN GROSS MARGINS +70 bps Q2 2016 – 49.4% Core +90 bps 0 bps Q2 2017 – 49.4% Acquisitions* -20 bps SG&A (as a % of Revenue) Q2 2016 – 22.5% -50 bps Q2 2017 – 22.0% 21.4% 20.7% R&D (as a % of Revenue) Q2 2016 – 6.2% Q2 2016 Q2 2017 -10 bps Q2 2017

5. Slide 5: Second Quarter 2017 Performance Summary: Free Cash Flow

   Second Quarter 2017 Performance Summary Three Months Ended Six Months Ended ($M) July 1, 2016 June 30, 2017 July 1, 2016 June 30, 2017 Operating Cash Flow $311 $246 $488 $394 Cap Ex 33 29 61 56 FREE CASH FLOW $278 $217 $426 $338 The sum of the components of Free Cash Flow may not equal the total amo

6. Slide 6: Professional Instrumentation

   Second Quarter 2017 Professional Instrumentation REVENUE OPERATING MARGIN +4.8% +200 bps Core +6.6% Core +240 bps Acquisitions* -0.4% Acquisitions* -40 bps FX -1.4% $759.0 24.4% $724.2 22.4% Q2 2016 Q2 2017 Q2 2016 Q2 2017 * Includes the impact from acquisitions and the Separation Field Solutions**

7. Slide 7: Industrial Technologies

   Second Quarter 2017 Industrial Technologies REVENUE OPERATING MARGIN +4.7% 0 bps Core +4.5% Core 0 bps Acquisitions* +1.1% Acquisitions* 0 bps FX -0.9% $869.8 20.9% 20.9% $830.9 Q2 2016 Q2 2017 Q2 2016 Q2 2017 * Includes the impact from acquisitions and the Separation Transportation Technologies Aut

8. Slide 8: 2017 Outlook Guidance

   2017 Outlook (@ FORTIVE GUIDANCE

9. Slide 9: 2017 Outlook Q&A

   2017 Outlook (@ FORTIVE Q&A

10. Slide 10: (2) FORTIVE

    (2) FORTIVE

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