Investor Presentation 2023 slide image

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 Investor Presentation 2023 22
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