Investor Presentation 2023 slide image

Investor Presentation 2023

2023 FINANCIAL GUIDANCE (As of November 1, 2023) Updated (in blue) 2023E 2023E Adjusted ($ in millions, except EPS) (Prior) Adjusted (Current) Change vs 2022 Adjusted Total Sales $2,730-2,790 $2,765 - 2,815 8% - 10% Operating Income Growth > Sales Growth (aligns w/ Investor Day) Total Operating Income $476-490 $480-494 8%-11% Other Income $27-28 ~$28 " Higher YOY pension income Interest Expense ($52-54) ($52-54) Diluted EPS $8.90 - 9.15 $9.00 - 9.20 Diluted Shares Outstanding ~38.5 ~38.5 Free Cash Flow $370-400 FCF Conversion >110% (at midpt) $380-400 >110% (at midpt) Capital Expenditures $50-60 $45-55 ■ YOY increase due to impact of higher interest rates 11% 13% Remain on track to achieve 3-year target of double-digit growth Min. $50M share repurchase in '23 29% 36% Strong FCF from Operations; Improved working capital mgmt - ■ Continued solid FCF conversion Average ~2% of Sales (over time) Depreciation & Amortization $110-115 $110-115 CURTISS- WRIGHT Note: 2022 results included partial year sales contribution from engineered arresting systems acquisition. Q3 2023 Earnings Presentation 29
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