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SPX Flow Technology:

                                 Global Food, Beverage &
                                 Dairy Equipment Market




Ross Skelton: VP Global Sales and Marketing, SPX Flow Technology

September 25, 2008
Forward-Looking Statements

         Certain statements contained in this presentation that are not historical facts, including
         any statements as to future market conditions, results of operations and financial
         projections, are forward-looking statements and are thus prospective. These forward-
         looking statements are subject to risks, uncertainties and other factors which could
         cause actual results to differ materially from future results expressed or implied by
         such forward-looking statements.

         Particular risks facing SPX include economic, business and other risks stemming from
         our international operations, legal and regulatory risks, cost of raw materials, pricing
         pressures, pension funding requirements, integration of acquisitions and changes in
         the economy. More information regarding such risks can be found in SPX’s SEC
         filings.

         Although SPX believes that the expectations reflected in its forward-looking
         statements are reasonable, it can give no assurance that such expectations will prove
         to be correct.

         Statements in this presentation are only as of the time made, and SPX does not
         intend to update any statements made in this presentation except as required by
         regulatory authorities.


PAGE 2
SPX is Focused on Three Global End Markets




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                              Tools & Diagnostics




             SPX Well Positioned in Global Infrastructure,
         Process Equipment and Tools & Diagnostics Markets
PAGE 3
SPX Flow Technology Overview

                       2007 Pro Forma                                      Key Flow Technology
                     Revenue by Segment                                      Characteristics
                                                                            2007 Pro Forma Revenue: $2b
                                                            Thermal
               Flow
                                                          Equipment &
            Technology
                                                            Services        Strong brands with market leading
                                                                            positions
                      35%                               28%
                       35%                               27%                Global sales infrastructure and
                                                                            distribution

                           18%                       19%
                            17%                       21%                   Engineered products and turnkey
                                                                            solutions

      Industrial
                                                              Test &
      Products &                                                            Operational expertise
                                                           Measurement
       Services

Note: Data from continuing operations, 2008E as of 7/30/2008



                           Flow Technology is SPX’s Largest Segment and
                           Provides Engineered Process Solutions Globally
PAGE 4
SPX Flow Technology Integration History
                                                        Johnson
                                                         Pump
                           Industrial
                             Valves




                                                                      2008
 Sanitary
  Pumps
                                                            2007
                                         2005/2006
                              2004           Dryers &
                                              Filters
               2003
2002


             Metering Pumps
                & Mixers

          Product Line Integration has Broadened Customer Offerings
 PAGE 5
SPX Flow Technology Key Brands
          Food, Beverage, Dairy,
                                                        Power, Oil & Gas
         Pharma & Personal Care




            General Industrial                     Air Dehydration & Filtration




                Strong, Global Brand Equity in Niche End Markets
PAGE 6
SPX Flow Technology Revenue Breakdown

                                                                                         2007 Pro Forma $2b
           2007 Pro Forma $2b
                                                                                     Flow Revenue by Geography
       Flow Revenue by End Market
    Includes Food, Beverage, Dairy,
Pharmaceutical and Personal Care Markets

                                                                                         North
                                                                                        America
             Sanitary
                                                                                                              Europe
                                                                                         33%
              41%                                             Power &
                                                                                                               38%
                                                               Energy
                                                                25%




                                                              General
                                                             Industrial
                                                               19%                          ROW         Asia-Pacific
      Compressed
                                                                                            8%             21%
         Air                  Chemical
         5%                     10%




Note: Data from continuing operations, 2007 pro forma for APV acquisition


                                       Balanced Global Presence;
                            41% of Revenue Supports the Global Sanitary Market
PAGE 7
Global Sanitary Market




PAGE 8
Key Sanitary Market Drivers
         Dairy               Food
                                                   Increases in hygienic standards
                                                   and regulatory controls

                                                   Economic expansion in
                                                   developing regions
  Beverage               Pharmaceutical
                                                   Process and business
                                                   optimization

                                                   Energy efficiency and waste
                                                   reduction
   Brewing                Personal Care
                                                   Production of value added or
                                                   higher quality produce

                                                   Demand for new plants

             SPX Has Technologies that Serve the Food, Beverage, Dairy,
                 Pharmaceutical and Personal Care Manufacturers
PAGE 9
Food Processing Market Characteristics


   Food Processing Machinery and                                    Attractive End Market
     Equipment Global Forecast                                          Characteristics
   ($ billions)
                                                   $45.4
                    6% CAGR
                                                                   Regulated market
                                   $43.0

                      $40.7
                                                                   Stable
            $38.6



                                                                   Consistent growth


                                                                   Developing market opportunities
           2008E      2009E       2010E        2011E




   Source: Food Processing Machinery & Equipment



                          Global Food Processing Market Projected to
                            Grow Significantly From 2008E to 2011E
PAGE 10
Developing Economies A Key Growth Driver


      2001 to 2010E Investment
 for Food Processing Machinery and
                                                                      2007 Global FPME Spend by Region
        Equipment by Region

  ’01 – ’06            ’07 – ’10E                                              EMEA
                                                    Region
   CAGR                  CAGR                                                   30%
                                                                                                      Asia-Pacific
          5.8%             7.1%                    Asia-Pac
                                                                                                         35%

                                                    Europe
          3.3%             3.3%

          0.1%             3.6%                         US

          4.0%             5.6%               Latin America
                                                                         North America
                                                                                               Latin America
                                                                              18%
                                                                                         ROW        10%
                                                                                          7%


      Source: Food Processing Machinery and Equipment Report,
      Global Industry Analysts



                             Investment in Food Processing Machinery
                           Expected to be Higher in Developing Countries
PAGE 11
APV Acquisition




PAGE 12
APV Overview

                2007 APV
                                                   2007 revenue: $876m
          Revenue by End Market
                                                   Acquired on December 31, 2007
Power and
 Energy
  11%                                              APV is a global manufacturer of
                                    Sanitary
                                                   process equipment and
                                  (Dairy, Food,
                                   Beverage)
                                                   engineered solutions
                                      73%
 General
Industrial
  16%




                      The Acquisition of APV Increased
                SPX’s Sanitary Revenue Base to More Than $1B
PAGE 13
APV Strategic Rationale


          Expanded global presence and                       2007 APV
          added critical mass                          Revenue by Geography

          Increased exposure to attractive
          sanitary market
                                                    EMEA
          Highly complementary products              56%                        Americas
                                                                                  20%

          Strong, global APV brand name

          Expanded presence in low cost                                   Asia-Pacific
          countries (China / Eastern Europe)                                  24%



          Expect significant revenue and cost
          synergies


                    The APV Acquisition Significantly Increased
                    SPX’s Presence in the Global Sanitary Market
PAGE 14
Complimentary Areas of Excellence




          Lean manufacturing                           Research and development

          Engineered components                        Engineering solutions
          competency
                                                       Complete system solutions
          North American distribution
          efficiencies                                 Global sales infrastructure and
                                                       distribution
          Operational expertise
                                                       Global market reputation / brand
          Strong brands with market                    equity
          leading positions

                 Leverage “Best Practices” Within Each Organization
PAGE 15
SPX Flow Technology Global Presence Before APV

                                                                      Strong Presence

                                                                      Growing Presence




          Global Expansion of Manufacturing, Sales and Distribution
               Presence Underway Prior to APV Acquisition…
PAGE 16
APV Increased SPX’s Flow Technology Presence in Key Developing Economies

                                                                    Strong Presence

                                                                    Growing Presence

                                                                    Key APV Additions




                                                             APV has increased SPX’s
                                                             presence in developing
                                                             growth markets:
                                                                 – China
                                                                 – Eastern Europe
                                                                 – South America
                                                                 – Middle East
                                                                 – Russia
                                                                 – South Africa

             …Addition of APV’s Global Platform is Expected to
            Accelerate SPX Flow Technology’s Global Expansion
PAGE 17
Middle East Example

                                           – Previous SPX Flow Technology
                                             presence:
                                               – 1 sales office in Dubai
                                               – 4 sales professionals


                                              APV additions:
                                               – Permanent offices in Riyadh, Dubai
                                               – Work camps in Al Kharj, Haradh and
                                                 Jeddah, Saudi Arabia
                                               – 1 financial entity in Dubai serving 18
                                                 countries
                                               – ~100 professionals of 14 different
                                                 nationalities
                                               – Sales, service, engineering, fabrication,
                                                 automation, skidded systems assembly

          APV’s Presence in the Middle East Provides an Opportunity to
            Transition from an Import Model to an In-Country Model
PAGE 18
SPX Sanitary Business




PAGE 19
Typical SPX Sanitary Customers




      Power




                 SPX Serves a Global Customer Base Including
              Many of the Leading Food and Beverage Manufacturers
PAGE 20
SPX Flow Technology Sanitary Offerings

               2007 Pro Forma
                                                                                ~70% engineered components
               Revenue by Type
                                                                                for niche end markets:
                                                                                 – Built to order
                                                Engineered
                                                Components
                                                   70%                          ~30% turnkey and skidded
                                                                                process systems:
                                                                                 – Engineered, designed and
                                                                                   installed

                                                                                Market channels:
                                                                                 – Sales reps
            Process
            Systems
                                                                                 – Direct
             30%

                                                                                 – Distributers
                                                                                 – OEM’s
 Note: Data from continuing operations, pro forma for APV acquisition



                          SPX Offers Customers Engineered Components,
                             Skidded Systems and Turnkey Systems
PAGE 21
Flow Technology Sanitary Components



           Positive
                                                           Homogenizers
                               Centrifugal Pumps
     Displacement Pumps




   Pump viscous products      Pump thin fluids for      Emulsify liquids,
   such as tomato paste,      beverage or clean in      uniformly disperse solid
   peanut butter              place systems             particles throughout a
                                                        liquid and high pressure
                                                        pumping applications

                  Custom Engineered Product Offerings
PAGE 22
Flow Technology Sanitary Products



     Heat Exchangers                   Valves                        Mixers




                             Process   Regulating   Butterfly



   Temperature control for       Process flow diversion         Dispersion and solid
   mechanically separated        and shut off                   suspension
   meats, margarines,
   icings, fondants



                   Custom Engineered Product Offerings
PAGE 23
Typical Beverage Process Flow Diagram




  Mixers          Valves
  Pumps


             SPX Manufactures Engineered Components That
           Can be Used Throughout a Typical Beverage Process
PAGE 24
Typical Dairy Process Flow Diagram




  Mixers            Valves
  Pumps             Homogenizer
  Heat Exchangers
               SPX Manufactures Engineered Components That
               Can be Used Throughout a Typical Dairy Process
PAGE 25
SPX Flow Technology Sanitary Systems

 2007 System Revenue by Application                                             Offerings include both turnkey and
                                                                                skidded systems
                             Beverage
                               18%
                                                                                ~30% of 2007 sanitary revenue
             Other
              2%                                                                from systems;
                                                             Foods
                                                             17%
                                                                                   65% of systems were for dairy
Other Dairy
   17%                                                                             applications
                                                                                   ~20% of systems revenue
  Butter                                                       Milk
                                                                                   generated in developing countries
                                                               17%
   3%

             Yogurt
              12%
                                       Cheese
                                        14%




 Note: Data from continuing operations, pro forma for APV acquisition

               Skidded and Turnkey Systems Range from $1m to $30m and
                     Provide Significant Aftermarket Opportunities
PAGE 26
Core Technologies

          Cheese & Butter Processes             Utlra High Temperature Processes




     Ultrafiltration & Microfiltration                    Mixing & Blending




                Strong Experience With Proven Core Technologies
PAGE 27
System Examples
   Ultra High Temperature Infusion: China




                                                    Engineered for the sterilization of
                                                    drinking milk, milk shakes,
                                                    chocolate milk, cream and ice
                                                    cream


          Ultrafiltration Unit: Ukraine



                                                    Engineered for the concentration
                                                    of whole milk to be used in the
                                                    production of feta cheese




                               Dairy Markets in Developing
                            Countries have been a Growth Driver
PAGE 28
New Innovations

             LeanCreame                              FlexMix Processing




          Technology Without
           Whey Separation                          White Water Recovery




                  Continue to Focus on System Innovation;
          New Technologies Designed to Add Value for our Customers
PAGE 29
Summary




PAGE 30
Summary


          The global food, beverage and dairy market is a steady, single digit
          growth market with higher growth rates expected in developing
          countries:
            – Attractive growth market for SPX



          The APV acquisition has increased SPX’s sanitary market presence
          and accelerated globalization:
            – ~$1b global sanitary business



          SPX Flow Technology offers a global customer base engineered
          components, skidded systems and turnkey solutions




                SPX Flow Technology is Well Positioned to
            Serve the Global Food, Beverage and Dairy Markets
PAGE 31
PAGE 32

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Sterne Agee Harvest Fest Conference

  • 1. SPX Flow Technology: Global Food, Beverage & Dairy Equipment Market Ross Skelton: VP Global Sales and Marketing, SPX Flow Technology September 25, 2008
  • 2. Forward-Looking Statements Certain statements contained in this presentation that are not historical facts, including any statements as to future market conditions, results of operations and financial projections, are forward-looking statements and are thus prospective. These forward- looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Particular risks facing SPX include economic, business and other risks stemming from our international operations, legal and regulatory risks, cost of raw materials, pricing pressures, pension funding requirements, integration of acquisitions and changes in the economy. More information regarding such risks can be found in SPX’s SEC filings. Although SPX believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in this presentation are only as of the time made, and SPX does not intend to update any statements made in this presentation except as required by regulatory authorities. PAGE 2
  • 3. SPX is Focused on Three Global End Markets e Pr ur oc ct ru es st s ra Eq nf ui lI pm ba lo en G t Tools & Diagnostics SPX Well Positioned in Global Infrastructure, Process Equipment and Tools & Diagnostics Markets PAGE 3
  • 4. SPX Flow Technology Overview 2007 Pro Forma Key Flow Technology Revenue by Segment Characteristics 2007 Pro Forma Revenue: $2b Thermal Flow Equipment & Technology Services Strong brands with market leading positions 35% 28% 35% 27% Global sales infrastructure and distribution 18% 19% 17% 21% Engineered products and turnkey solutions Industrial Test & Products & Operational expertise Measurement Services Note: Data from continuing operations, 2008E as of 7/30/2008 Flow Technology is SPX’s Largest Segment and Provides Engineered Process Solutions Globally PAGE 4
  • 5. SPX Flow Technology Integration History Johnson Pump Industrial Valves 2008 Sanitary Pumps 2007 2005/2006 2004 Dryers & Filters 2003 2002 Metering Pumps & Mixers Product Line Integration has Broadened Customer Offerings PAGE 5
  • 6. SPX Flow Technology Key Brands Food, Beverage, Dairy, Power, Oil & Gas Pharma & Personal Care General Industrial Air Dehydration & Filtration Strong, Global Brand Equity in Niche End Markets PAGE 6
  • 7. SPX Flow Technology Revenue Breakdown 2007 Pro Forma $2b 2007 Pro Forma $2b Flow Revenue by Geography Flow Revenue by End Market Includes Food, Beverage, Dairy, Pharmaceutical and Personal Care Markets North America Sanitary Europe 33% 41% Power & 38% Energy 25% General Industrial 19% ROW Asia-Pacific Compressed 8% 21% Air Chemical 5% 10% Note: Data from continuing operations, 2007 pro forma for APV acquisition Balanced Global Presence; 41% of Revenue Supports the Global Sanitary Market PAGE 7
  • 9. Key Sanitary Market Drivers Dairy Food Increases in hygienic standards and regulatory controls Economic expansion in developing regions Beverage Pharmaceutical Process and business optimization Energy efficiency and waste reduction Brewing Personal Care Production of value added or higher quality produce Demand for new plants SPX Has Technologies that Serve the Food, Beverage, Dairy, Pharmaceutical and Personal Care Manufacturers PAGE 9
  • 10. Food Processing Market Characteristics Food Processing Machinery and Attractive End Market Equipment Global Forecast Characteristics ($ billions) $45.4 6% CAGR Regulated market $43.0 $40.7 Stable $38.6 Consistent growth Developing market opportunities 2008E 2009E 2010E 2011E Source: Food Processing Machinery & Equipment Global Food Processing Market Projected to Grow Significantly From 2008E to 2011E PAGE 10
  • 11. Developing Economies A Key Growth Driver 2001 to 2010E Investment for Food Processing Machinery and 2007 Global FPME Spend by Region Equipment by Region ’01 – ’06 ’07 – ’10E EMEA Region CAGR CAGR 30% Asia-Pacific 5.8% 7.1% Asia-Pac 35% Europe 3.3% 3.3% 0.1% 3.6% US 4.0% 5.6% Latin America North America Latin America 18% ROW 10% 7% Source: Food Processing Machinery and Equipment Report, Global Industry Analysts Investment in Food Processing Machinery Expected to be Higher in Developing Countries PAGE 11
  • 13. APV Overview 2007 APV 2007 revenue: $876m Revenue by End Market Acquired on December 31, 2007 Power and Energy 11% APV is a global manufacturer of Sanitary process equipment and (Dairy, Food, Beverage) engineered solutions 73% General Industrial 16% The Acquisition of APV Increased SPX’s Sanitary Revenue Base to More Than $1B PAGE 13
  • 14. APV Strategic Rationale Expanded global presence and 2007 APV added critical mass Revenue by Geography Increased exposure to attractive sanitary market EMEA Highly complementary products 56% Americas 20% Strong, global APV brand name Expanded presence in low cost Asia-Pacific countries (China / Eastern Europe) 24% Expect significant revenue and cost synergies The APV Acquisition Significantly Increased SPX’s Presence in the Global Sanitary Market PAGE 14
  • 15. Complimentary Areas of Excellence Lean manufacturing Research and development Engineered components Engineering solutions competency Complete system solutions North American distribution efficiencies Global sales infrastructure and distribution Operational expertise Global market reputation / brand Strong brands with market equity leading positions Leverage “Best Practices” Within Each Organization PAGE 15
  • 16. SPX Flow Technology Global Presence Before APV Strong Presence Growing Presence Global Expansion of Manufacturing, Sales and Distribution Presence Underway Prior to APV Acquisition… PAGE 16
  • 17. APV Increased SPX’s Flow Technology Presence in Key Developing Economies Strong Presence Growing Presence Key APV Additions APV has increased SPX’s presence in developing growth markets: – China – Eastern Europe – South America – Middle East – Russia – South Africa …Addition of APV’s Global Platform is Expected to Accelerate SPX Flow Technology’s Global Expansion PAGE 17
  • 18. Middle East Example – Previous SPX Flow Technology presence: – 1 sales office in Dubai – 4 sales professionals APV additions: – Permanent offices in Riyadh, Dubai – Work camps in Al Kharj, Haradh and Jeddah, Saudi Arabia – 1 financial entity in Dubai serving 18 countries – ~100 professionals of 14 different nationalities – Sales, service, engineering, fabrication, automation, skidded systems assembly APV’s Presence in the Middle East Provides an Opportunity to Transition from an Import Model to an In-Country Model PAGE 18
  • 20. Typical SPX Sanitary Customers Power SPX Serves a Global Customer Base Including Many of the Leading Food and Beverage Manufacturers PAGE 20
  • 21. SPX Flow Technology Sanitary Offerings 2007 Pro Forma ~70% engineered components Revenue by Type for niche end markets: – Built to order Engineered Components 70% ~30% turnkey and skidded process systems: – Engineered, designed and installed Market channels: – Sales reps Process Systems – Direct 30% – Distributers – OEM’s Note: Data from continuing operations, pro forma for APV acquisition SPX Offers Customers Engineered Components, Skidded Systems and Turnkey Systems PAGE 21
  • 22. Flow Technology Sanitary Components Positive Homogenizers Centrifugal Pumps Displacement Pumps Pump viscous products Pump thin fluids for Emulsify liquids, such as tomato paste, beverage or clean in uniformly disperse solid peanut butter place systems particles throughout a liquid and high pressure pumping applications Custom Engineered Product Offerings PAGE 22
  • 23. Flow Technology Sanitary Products Heat Exchangers Valves Mixers Process Regulating Butterfly Temperature control for Process flow diversion Dispersion and solid mechanically separated and shut off suspension meats, margarines, icings, fondants Custom Engineered Product Offerings PAGE 23
  • 24. Typical Beverage Process Flow Diagram Mixers Valves Pumps SPX Manufactures Engineered Components That Can be Used Throughout a Typical Beverage Process PAGE 24
  • 25. Typical Dairy Process Flow Diagram Mixers Valves Pumps Homogenizer Heat Exchangers SPX Manufactures Engineered Components That Can be Used Throughout a Typical Dairy Process PAGE 25
  • 26. SPX Flow Technology Sanitary Systems 2007 System Revenue by Application Offerings include both turnkey and skidded systems Beverage 18% ~30% of 2007 sanitary revenue Other 2% from systems; Foods 17% 65% of systems were for dairy Other Dairy 17% applications ~20% of systems revenue Butter Milk generated in developing countries 17% 3% Yogurt 12% Cheese 14% Note: Data from continuing operations, pro forma for APV acquisition Skidded and Turnkey Systems Range from $1m to $30m and Provide Significant Aftermarket Opportunities PAGE 26
  • 27. Core Technologies Cheese & Butter Processes Utlra High Temperature Processes Ultrafiltration & Microfiltration Mixing & Blending Strong Experience With Proven Core Technologies PAGE 27
  • 28. System Examples Ultra High Temperature Infusion: China Engineered for the sterilization of drinking milk, milk shakes, chocolate milk, cream and ice cream Ultrafiltration Unit: Ukraine Engineered for the concentration of whole milk to be used in the production of feta cheese Dairy Markets in Developing Countries have been a Growth Driver PAGE 28
  • 29. New Innovations LeanCreame FlexMix Processing Technology Without Whey Separation White Water Recovery Continue to Focus on System Innovation; New Technologies Designed to Add Value for our Customers PAGE 29
  • 31. Summary The global food, beverage and dairy market is a steady, single digit growth market with higher growth rates expected in developing countries: – Attractive growth market for SPX The APV acquisition has increased SPX’s sanitary market presence and accelerated globalization: – ~$1b global sanitary business SPX Flow Technology offers a global customer base engineered components, skidded systems and turnkey solutions SPX Flow Technology is Well Positioned to Serve the Global Food, Beverage and Dairy Markets PAGE 31