Investor Presentation 2023
CONTINUED LINE OF SIGHT TO 3-YEAR FINANCIAL TARGETS (2021-2023)
CHANGING DYNAMICS SINCE 2021 INVESTOR DAY
Tailwinds:
0
TARGETS
INTRODUCED
MAY 2021
•
Strong bipartisan support for U.S. Defense budget + FMS
• Positive government legislation (Infrastructure, IRA)
·
Rising pro-nuclear sentiment and need for energy
independence (Gen III+ AP1000, Gen IV SMRs/ARS)
• Faster than expected recovery in industrial vehicles and
process markets
Headwinds:
.
.
Ongoing (but improving) global supply chain disruption
(semiconductors, electronic components)
Macro-level headwinds (Rising inflation / interest rates, higher
USD, recessionary concerns, COVID)
⚫ Defense: FY22 impacted by 180-day CR and slower outlays
•
.
Commercial aerospace market slower to recover
·
IRC Sec. 174 - R&D tax amortization
CURTISS-
WRIGHT
5-10%
Total Revenue
CAGR
(3-5% Organic)
Operating
Income
Growth>
Revenue
Growth
Top Quartile
Margin
Performance¹
≥ 10%
Adj. EPS
CAGR
1. Any ace to top quartis perfomance is relative to Cars Wright's pear group as apodadin oar 2821 P
FAVORABLE OUTCOMES
•
•
> 110%
Free Cash
Flow
Conversion
Investor Day 2021
Delivering value through disciplined acquisition strategy
(PacStar, Engineered Arresting Systems)
Record order book - positioned for solid organic growth
Growing strategic R&D funding to drive innovation
Cross-over technology wins across the portfolio
Success in driving operational and commercial excellence
initiatives (Ol Growth > Revenue Growth)
CURTISS-
WRIGHT
20
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