2012 corporate overview...2012 corporate overview safe harbor statement please note that the...

2012 Corporate Overview



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 new information

that may become available after the original presentation posting. The presentation contains

forward-looking statements including, among other things, management's estimates of future

performance, revenue and earnings, our management's growth objectives and our management's

ability to produce consistent operating improvements. These forward-looking statements are

based on expectations as of the time the statements were made only, and are subject to a number

of risks and uncertainties which could cause us to fail to achieve our then-current financial

projections and other expectations. We undertake no duty to update this information. More

information about potential factors that could affect our business and financial results is included in

our filings with the Securities and Exchange Commission, including our Annual Reports on Form

10-K and Quarterly Reports on Form 10-Q, including, among other sections, under the captions,

"Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of

Operations," which is on file with the SEC and available at the SEC's website at www.sec.gov.

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Why Invest in Curtiss-Wright?

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• Positioned for above-average growth organically and through strategic acquisitions

5-Year growth objective: 15% CAGR in sales and earnings

• Innovative leader supplying unique technologies that matter

• Long standing customer relationships

• Reputation as a trusted supplier of advanced technology

• Solid financial and operational outlook


High Low

Low

High High High

Low

Low

4

Curtiss-Wright Strategy – Acquisition

Volume


High Low

Low

High High High

Low

Low

Position Sensors (at Acquisition)

5


High Low

Low

High High High

Low

Low

Position Sensors (Today)

6


Position Sensors – Sales and Distribution

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= Sales / Support office and / or Employee = Rep / Agent / Distributor

= Manufacturing / Engineering


Sensors – Strategic Investments

8

Tempe, AZ

Nogales, Mexico

Investment in state-of-the-art machinery

Expansion into low-cost facility


Increasing Profitability Through

Acquisitions and Organic Growth

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CW Content Per Platform Growth

Equipment/System Past LA Class

Present VA Class

Future ORP Potential

Nuclear Valves Base Base Base

I&C Equipment Base Base Base

Main Coolant Pumps Acquired Base

Generators Acquired N/A

Engine Room & Platform Pumps Acquired Base

Liner Pumps Acquired Base

Secondary Propulsion Systems Acquired Base

SUBSAFE Valves Organic Base

Propulsion Motors Organic

Propulsion Generators Organic

Actuators Organic

Towed Array Handling Systems Organic

CW Content TOTAL $15M $60M $120M+

I&C Equipment

Generators

Pumps

2012 Corporate Overview 10

CW Content Per Platform Growth

Equipment/System Base Boeing 737

Example 1 Boeing 787

Example 2 Boeing 747-8

High Lift Actuation Base N/A Base

Shot Peening (structural components) Base Base Base

Coatings Acquired Base Base

Solenoid Valves and Fittings Acquired Base Base

Flight Control Sensors Acquired Base Base

Cabin Pressure Relief Valve Actuators Acquired Base N/A

Cargo Smoke Detection System Acquired N/A Base

Flap Tracks Organic N/A N/A

Nosewheel Steering Control (Cockpit) Organic N/A

Cargo Door Mechanisms Organic N/A

Aft Strut Hydraulic Modules Organic N/A

Laser Peening (parts) Organic N/A

Laser Peening (wings) Organic

CW Content TOTAL $135K $425K $565K

Laser Peening

Increasing Profitability Through

Acquisitions and Organic Growth

B787 Dreamliner

B747-8


Why Our Technologies Matter

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• 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 for customers Trusted with difficult “must-not-fail” applications

• Long-standing customer relationships and strategic partnerships

• Developing technologies aimed at #1 or #2 share within their respective markets


Advanced Technology

Defense Electronics

Embedded Computing Modules

Embedded Electronic Systems

Defense Platforms

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Advanced Technology

AP1000 Reactor Coolant Pumps

Advanced Reactor Design

• New construction continues in China and the U.S. • New China order expected in 2012

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Sanmen Nuclear Power Station, China

2012 Corporate Overview 14

Shot peening

Advanced Technology

Surface Treatment

Laser peening Engineered Coatings


Generating Shareholder Value Strong Financial Track Record

Sales ($ Millions)

$1,862 $2,018 $2,190 - 2,230

9.0%

9.4%

9.8%

10.2%

$-

$500

$1,000

$1,500

$2,000

$2,500

2010 2011 2012E* Flow Control Motion Control Metal Treatment CW Operating Margin

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* As of May 1, 2012

Operating Margin

Note: All figures presented on a continuing operations basis reflecting the removal of our heat treating business from current and prior periods.


Balanced Capital Structure

As of December 31, 2011

$125 $150

$38

$39

$42 $43 $44

$45

2012 2013 2014 2015 2016 2017

Current Debt 5.74% Sr. Notes 5.51% Sr. Notes Pension

LT Debt 29%

Cash 10%

Equity 61%

ST Debt <1%

$3

($ Millions)

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• Financial and operational discipline • Manage to internal 45% net debt to

cap limitation • Conservative balance sheet • Focus on strategic acquisitions • Net book debt to cap typically ~30%

* Long-term debt also includes $100 Million of 3.84% senior notes expiring in 2021 and $200 Million of 4.24% senior notes expiring in 2026


Building for the Future – Infrastructure

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Positioning Curtiss-Wright for Improved Future Profitability through:

• Restructuring Programs

• Strategic Investments

• Low cost manufacturing facilities • Greenfield operations

• Facility expansions

• Consolidations


2012E Financial Outlook (as of May 1, 2012)

(in 000’s, excluding EPS)

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Management Guidance FY2012E

Total Sales $2,190 - 2,230M 9% - 11%

Flow Control $1,170 - 1,180M 10% - 11%

Motion Control $750 - 770M 6% - 8%

Metal Treatment $270 - 280M 9% - 13%

Operating Income $213 - 221M 10% - 14%

Diluted EPS (1) $2.58 - 2.68 8% - 12%

Diluted Shares Outstanding 47.8M

Effective Tax Rate 32.0% Note: Guidance presented on a continuing operations basis reflecting the removal of our heat treating business and the related gain on sale, as well as the Metal Treatment segment’s potential restructuring charge of $12 million or $0.17 per diluted share. (1) EPS growth calculation excludes the Metal Treatment segment’s potential restructuring charge of $0.17 per diluted share from our 2012 results, as well as the R&D tax credit of $0.09 per diluted share from our 2011 results.


Sales ($ Millions)

$2.0 B

$-

$5,000

2011A 2012F 2013F 2014F 2015F 2016F

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Positioned for Growth


Positioned for Growth

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Operating Margin FY2012E* (Current) Future

Flow Control 10.2% - 10.3%

Motion Control 13.3% - 13.4%

Metal Treatment 9.8% - 10.0%

Total Curtiss-Wright 9.7% - 9.9% ~ 12% * 2012E Guidance as of May 1, 2012


Why You Should Invest in Curtiss-Wright!

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• Positioned for above-average growth organically and through strategic acquisitions

• Innovative leader supplying unique technologies that matter

• Long standing customer relationships and reputation as a trusted supplier of advanced technology

• Solid financial and operational outlook

2012 corporate overview...2012 corporate overview safe harbor statement please note that the...

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