2. 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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3. Why Invest in Curtiss-Wright?
โข Positioned for solid growth organically and through strategic
acquisitions
โข 5-Year strategic growth objective: 15% CAGR in sales and earnings
โข Innovative leader supplying critical technologies that matter
โข Long standing customer relationships
โข Reputation as a trusted supplier of advanced technology
โข Solid financial and operational outlook
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4. Curtiss-Wright Strategy โ Acquisition
High High Low High
Low Low High Low
Volume
Curtiss-Wright successful at integrating acquisitions
Provides acquisitions with enhanced distribution and more efficient cost structure
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6. Position Sensors (Today)
High High Low High
Low Low High Low
#1 in Position Sensor market โ Lowest cost structure in the industry
Annual sensor & controls revenues of approximately $400M
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7. Global Sensors Business
= Sales / Support office
and / or Employee
= Rep / Agent / Distributor
= Manufacturing / Engineering
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8. Growing our Addressable Market
Current CW Current Flow
Controls Control
Industrial Oil & Gas
P&G
+
Industrial
$905M
$3B PG Drives
Oil & Gas $2B +
Cimarron
$300M + $1.26B
Williams
Controls
Controls Industrial Flow Oil & Gas
O & G, Current Surface
Power Gen, $240M Technologies
Petrochem +
$140M Gartner
Surface Technologies
Select Coatings 8
9. Evolving Market Exposure
Pre-4Q Acquisitions
2012 Baseline Forecast
37%
Defense
12%
Oil & Gas
$2,077 M (1)
Industrial
21% 13%
Power Gen
17%
(1) Excludes approximately $21 million in
2012 sales related to recent acquisitions
Comm Aero
Geographic Diversification โ Balanced Market Offering
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10. Evolving Market Exposure
(2013E Guidance as of February 20, 2013)
2013E with Acquisitions
30%
Defense
18%
$2,480 - Oil & Gas
2,520 M
18% Industrial
Power Gen
18%
16%
Comm Aero
Geographic Diversification โ Balanced Market Offering
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11. Why Our Technologies Matter
โข Curtiss-Wright supplies vital technology to a variety of
industries
โข Leading provider of unique, one-of-a-kind, sole source
products
โข Reputation for enhancing safety, reliability and
performance in harsh operating environments
๏ฑ Provider of complex โmust-not-failโ applications
โข Technologies aimed at #1 or #2 share within their
respective markets
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12. Advanced Technology
Defense Electronics
Embedded Embedded Defense
Computing Modules Electronic Systems Platforms
Curtiss-Wright is industry leader in embedded computing
Focused on Commercial Off-the-Shelf (COTS) technology
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13. Advanced Technology
AP1000 Reactor Coolant Pumps
Advanced Reactor Design
โข AP1000 is only NRC-certified Gen III+ reactor design
โข New construction continues in China and the U.S.
โข New China order expected in 2013
Sanmen Nuclear Power Station, China
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14. Advanced Technology
Surface Treatment
Shot peening Laser peening Engineered Coatings
Industry leading expertise in enhancing performance, extending life and
preventing premature failure of critical components
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15. Generating Shareholder Value
Strong Financial Track Record 2013E sales
include ~$400M
Sales due to recent
($ Millions) acquisitions
$3,000
$2,480 - 2,520
$2,500
$2,095
$2,018
$2,000
$1,862
$1,500
$1,000
$500
$-
2010 2011 2012 2013E*
* CW Guidance as of February 20, 2013 Flow Control Controls Surface Technologies
Note: All figures presented on a continuing operations basis reflecting the removal of our heat treating business from 2012 and prior periods.
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16. 2013E Financial Outlook (as of February 20, 2013)
(in 000โs, excluding EPS)
Management Guidance FY2013E
Total Sales $2,480 - 2,520M
18% - 20%
Flow Control $1,300 - 1,320M
Controls $865 - 875M
Surface Technologies $315 - 325M
Operating Income $229 - 237M
42% - 47%
Diluted EPS $2.70 - 2.80
39% - 44%
Diluted Shares Outstanding 47.6M
Effective Tax Rate 32.0%
Full year amounts may not add due to rounding.
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17. Pro Forma EPS Growth โ 2012A vs. 2013E
(as of February 20, 2013)
$3.00
$0.20 - $0.26 $2.70 - $2.80
$0.58 $0.23 - $0.27
$2.50
($0.15 ) ($0.11)
$2.00
$1.95
$1.50
$1.00
$0.50
$0.00
2012A Reported One-time items in One-time items in Pension Increase Acquisition Organic 2013E Pro Forma
2012 2013 Improvement Improvement Guidance
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18. Balanced Capital Structure
โข Financial and operational discipline As of December 31, 2012
โข Manage to internal 45% net debt to
ST Debt
cap limitation 5%
โข Conservative balance sheet
โข Focus on strategic acquisitions
LT Debt
โข Net book debt to cap typically ~30% 33%
($ Millions) As of February 28, 2013 Equity
57%
$700
$600 Cash
5%
$500
$400
$700
$300
$200
$100
$125 $150
$100
$0
2013 2017 2021 Beyond 2021
5.74% Sr. Notes 5.51% Sr. Notes 3.84% Sr. Notes Future *
โข Includes $200 Million of 4.24% senior notes expiring in 2026, $225 Million of 3.70% senior notes expiring in 2023, $100 Million of 3.85%
senior notes expiring in 2025, $75 Million of 4.05% senior notes expiring in 2028 and $100 Million of 4.11% senior notes expiring in 2028
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20. Why You Should Invest in Curtiss-Wright!
โข Successfully executing our long-term growth strategy
โข Innovative leader in supplying unique technologies that
matter
โข Long standing customer relationships and reputation as
a trusted supplier of advanced technology
โข Solid financial and operational outlook
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