Investor Presentation 2023
STRATEGY #3
DISCIPLINED CAPITAL ALLOCATION STRATEGY
Use of Cash
2016-2022
$1.4B
Acquisitions
.
• 8 Deals ⚫6 A&D 2 Commercial
Operational
Investments
Returns to
Shareholders
24%
35%
41%
Acquisitions
$3.4B
$1.2B
Returns to Shareholders
⚫ $1.0B Buybacks $195M Dividends
Avg: $140M+/yr
Future Priorities
Avg: $28M/yr
M&A remains the top priority
$0.8B
Operational Investments
CapEx • Pension funding ⚫
Debt repayment
Seeking operational investments with the highest returns
• Maintain consistent return to shareholders
。 2021 Repo $350M RECORD (up from $200M in 2020)
。 2022 Repo $50M (offset dilution)
© 2023 Dividend $31M (increases in-line with LT sales growth; 6th straight YR)
© 2023 Repo $50M Min
ENABLED BY STRONG AND FLEXIBLE BALANCE SHEET AND CONSISTENT FREE CASH FLOW GENERATION
CURTISS-
*On June 30, 2022, Curtiss-Wright completed the acquisition of the Safran aerospace arresting systems business.
WRIGHT
Investor Presentation 2023
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