David Linton, PresidentCurtiss-Wright Flow Control

March 15, 2007Houston, TX

Flow Control Segment:Oil & Gas Market Overview

2

Agenda

Curtiss-Wright OverviewMarket Trends & DriversCW Portfolio Approach• Valve Products: Driving Growth• FCCU Vessels: Subsystem Solutions • Advanced Technology for Tomorrow

ElectronicsPumps & Motors

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Curtiss-Wright Overview

Flow Control43%

Motion Control

40%

Metal Treatment

17%

75-year Corporate HistoryMore Than a Century of Engineering ExpertiseFocus on Highly Engineered, Critical ApplicationsProvide Proprietary, Advanced TechnologiesToday ≈$1.4 Billion Sales & 6,200 Employees Worldwide

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Curtiss-Wright Market Overview

Defense42% Other

15%

Power Generation

11%

Commercial Aerospace

18%

Oil & Gas14%

Balanced Growth Through DiversificationLeveraging Proven Defense Solutions for High Performance Platforms in Commercial Markets

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Sales Operating Income

0

50

100

150

200

250

300

350

400

450

500

0

10

20

30

40

50

60

20032002 2004 20052001 2006

Engineering & ServicesEngineering & Services

ENERTECH

PeerlessInstrumentPeerlessInstrument

GROQUIP

41% Sales CAGR42% OI CAGR41% Sales CAGR42% OI CAGR

Flow Control Segment:Balanced Organic & Acquisition Growth

$Millions

Ope

ratin

g In

com

e

Sale

s

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Flow Control Segment:Energy Market Expertise

≈ 95% Oil & Gas Market in Flow Control43% Sales Growth in Oil & Gas Market over Prior Year 30% Organic GrowthSignificant Leverage of Defense Technologies to Commercial Applications

Other

4%

Defense

42%Power Gen

25%

Oil & Gas

29%

7

34

56

8188

120

173

$-$20$40$60$80

$100$120$140$160$180

2001 2002 2003 2004 2005 2006

$Millions

CW Oil & Gas MarketOrganic & Acquisition Growth

38% Organic CAGR

8

Global Market Reach

9

Exploration & Production – Upstream Pipeline, Fractionating, Transportation & Storage – MidstreamCrude Oil Refining & Petrochemical Processing – Downstream

Diversified Product Strategy

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Increasing Oil Prices Drive Customer Earnings

• Capital Expenditure Spending

• Spreads Drive FCCU & Coker Investments

Market Driver: Market Driver: Crude PricesCrude Prices

Data source: Industrial Information Resources

US F.O.B. Crude Price Spreads

$2

$4

$6

$8

$10

$12

$14

$16

2001 2002 2003 2004 2005 2006 Nov-06

($/b

bl)

Lt-Hvy Spread Int-Hvy Spread

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Lower “Input” Costs Provide Higher Margins

Advanced Technologies Required to Process Heavy Crude

Secondary Processing Technologies Improving Yield

As a Result, FCCU & Coker Investments Increasing

Market Trend:Refiners Processing More Heavy Crude

U.S. Imported Crude Mix by API Gravity

35% 37%35%33%31%29%25%

39%42%50% 48% 47% 46% 43%

22% 24%23%22%23%24%25%

2000 2001 2002 2003 2004 2005 2006

Heavy Intermediate Light

Data source: Industrial Information Resources

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Key Growth Market: Secondary Refining Processes

Naphtha Hydrotreating

Heavy DistillateHydrotreating

Light DistillateHydrotreating

Gas OilHydrotreating

Fluid Catalytic Cracking

Hydrocracking

Tail Gas Treating

Delayed Coking

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Data source: Industrial Information Resources

$7.03 $8.96 $10.92 $12.26

$19.20

$61.52

181

228

279308 297

445

$0

$10

$20

$30

$40

$50

$60

$70

2001 2002 2003 2004 2005 2006

Com

mitt

ed S

pend

ing

($B)

0

50

100

150

200

250

300

350

400

450

500

Qty

of P

roje

cts

Project $TIV: Project Count :

Worldwide Refinery Project Activity

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Product Portfolio: Valves

Fluid CatalyticConverter UnitsCoke Drum UnheadingPressure Relief Engineering & Plant Services

“Big Red” Bottom Unheading Valve

4200 Series Pressure Relief Valve

120 SeriesSolenoid Valve

96” Butterfly Valve

Slide Valve

Orifice Chamber

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Valve Products Driving Growth

Key Products for Processing MarketFCCU Reactors & Vessels• Enormous Size Requires Superior Engineering

Expertise and Facilities• Component to Subsystem Portfolio

DeltaValve • Revolutionary Coke Deheading Valve• Enabling Heavy Crude Processing• Unprecedented Reliability & Safety

Pressure Relief Valves

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Sunoco – New Jersey Valero – St Charles

Chevron – Salt Lake City

Flint Hills – St Paul

Valero – Texas City

BP Oil – Texas City

Flying J – Salt Lake City

Valero - Memphis

FCCU Reactors

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FCCU Product Strategy

Spent Valve

Feed Nozzle

Regenerator

Regen ValveWye Section

Recirc Valve

Diverter Valve

Orifice Chamber

Reactor

Manuf. Enpro

Manuf. Tapco/Enpro

DVC

Manuf. Peerless

Proprietary Technologies & Subsystem Solutions

Stripper

DDFG Valve

High Temp Isolation Valves

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Channelview OperationsEngineered Vessels &

Valve FabricationChannelview, Texas

• Markets Served-Refineries-Oil & Gas-Petrochemical-Process Industry

• Products-FCCU Reactors-Hydrotreaters-Cat Cracker Equipment-ASME Pressure Vessels-Division 1 and 2 Reactors-S-Zorb Slide Valves-High Performance Valves-Butterfly Valves-Diverter Valves

• Services-Engineering Services-3D Finite Element Analysis-Installation, Maintenance, Repair-Troubleshooting-24/7 Emergency Response

Houston Service Center Turnarounds, Repair;

Actuator Assembly Houston, Texas

FCCU Product Portfolio

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• Markets Served-Refineries-Process Industry

• Products•Coke-drum Bottom Unheading Device•Coke-drum Top Unheading Device•HPU (Hydraulic Power Units) & Controls•DeltaGlide Installation/maintenance System•Transition Spool•Coke Chute

• Services-Flow-Control Technology: Design, engineering and manufacturing of Delayed-Coking valves and related equipment

• Quality Programs-Industry Standards

Corporate OfficeSalt Lake City, Utah

ManufacturingCalgary, Alberta, Canada

Product Portfolio

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DeltaValve Coke Deheading

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BottomsBottoms

TopsTops

Cutting ToolCutting Tool

IsolationIsolation

22

Coker Unheading Device

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MAJOR MILESTONE! $200M in New Orders Since AcquisitionMAJOR MILESTONE! $200M in New Orders Since Acquisition

Potential content per 2-drum set $3-4 MPotential content per 2-drum set $3-4 M

Isolation

Top

Bottom

Cutting

Ancillary

Bottom Valves onlyBottom Valves only

Worldwide Coker Market Share

Wor

ldw

ide:

650

+54

26%

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Engineering, manufacturing facilities in Brecksville, Ohio

(right) and Branford, Ontario, Canada (below)

• Markets Served-Oil & Gas-Petrochemical-Natural Gas Production & Transmission-Navy and Marine-Nuclear and Fossil Power

• Sister Companies-Imes Engineering (Baton Rouge, LA): Process Safety Management Engineering Services and Software Development – iPRISM

-GroQuip (Gulf Coast): Distribution, Repair and Service of Pressure Relief Devices

• Products & Services-Spring Loaded Pressure Relief Valves-Spring Loaded Steam Safety Valves-Snap Acting and Modulation, High Pressure Pilot Operated Relief valves

-Pressure Relief Valve Test Stands-SizeMasterTM Relief Valve Sizing Program-iPRISM Process Safety Management Software

• Quality Programs-ISO 9001:2000-10CFR50, Appendix B; NQA-1; N285.0-ASME/National Board Stamps: NV, UV, V, VR, NB-ASME Certified Flow Laboratory-PED/CE/ATEX (Europe), GOST/GOZ (Russia), CSQL (China)

-U.S. Coast Guard Product Approval

Processing Market:Processing Market:Pressure Relief ValvesPressure Relief Valves

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Blocked DischargeBlocked Discharge

Full Input FlowFull Input Flow

Outlet BlockValve Closed

(From Compressor Or Pump)(From Compressor Or Pump)

PRVPRV

PressurePressureVesselVessel

External FireExternal Fire

PRVPRV

STORAGE ORSTORAGE ORPROCESS VESSELPROCESS VESSEL

Thermal ExpansionThermal Expansion

PRVPRV

LIQUID FULL PIPE OR PRESSURE LIQUID FULL PIPE OR PRESSURE VESSELVESSEL

A Pressure Relief Valve is a mechanical device designed to open and relieve excess pressure in a pressure system thus preventing catastrophic failure and resulting serious injury to personnel and damage to equipment.

What Is a PRV?What Is a PRV?

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Representatives“FAST” Assembler

Farris Company

2003 2006

Reps 74 66

15 35

Total 89 101

Strategic InitiativeExpand Globally

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CW Product PortfolioRefining & Oil & Gas Markets

Digital Valve ControllerDigital Circuit CardsStressWave TechnologyCabinet Integration & Test

ElectronicsElectronicsElectronics

Digital Valve Controller

Commercial Off-the-Shelf (COTS) Power Supply

Stress Wave TechnologyAutomatic Chemistry Analysis System

Digital Processing Circuit Board Design

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Developing Pumps & MotorsExploration & Production

Subsea Multiphase PumpingIntegrated High Speed Motor

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Military TechnologiesMilitary TechnologiesFor Commercial MarketsFor Commercial Markets

• Advanced Technology Products• Subsea Pumping Systems• High Speed Gas Compressor Motors• Petrochemical Processing Pumps• Nuclear Waste Processing Pumps

• Strategic Objective to Capitalize on• Global Demand for Energy• Proven Naval Technologies • Established Relationships with Industry Leaders

for Technology and Marketing

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Facility TourChannelview, TX

Q & A