CIRCOR International — Q2 2017 Earnings Presentation
10 slides from CIRCOR International's earnings presentation, Jul 28, 2017
Slide 1: Second Quarter 2017 Investor Review
Cc l R Cc oO R Energy | Advanced Flow Solutions Ww Second Quarter 2017 Investor Review Presented July 28, 2017
Slide 2: Safe Harbor
Safe Harbor Section 27A of the 1933, as amended, and of the Securities Exchange Act of 1984, as amended. Reliance should not a laced i ir factors, which are, in some cases, . i including, gt performance, zat guidance. Actual events if y ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADV
Slide 3: Q2 2017 Results
Q2 201 7 Results (S millions, except EPS YTD Free Cash Flow* Net Revenue $146 ou 22016 2.2017 22016 2.2017 22016 92.2017 22016 922017 22.2017 EPS: Died Eamings Per Share Investor Review * Reflects al CIRCOR
Slide 4: Energy Segment Highlights
Energy Segment Highlights (8 millions) Q2 2017 YOY Change Net Revenues 82.6 2% Segment Operating Income 8.9 5% Segment Operating Margin 10.7% -80 bps + Q2 2017 revenues — North America Distributed Valves up 50% — Large international projects volume down approximately 60% — CFS acquisition contribute
Slide 5: Advanced Flow Solutions Segment Highlights
Advanced Flow Solutions Segment Highlights (8 milion Q2 2017 YOY Change Net Revenues 68.6 5% Segment Operating Income 8.6 6% Segment Operating Margin 12.5% 20 bps * Q2 2017 revenues — 7% increase organically — Higher Defense and Industrial Solutions volume — Lower Power and Process shipments + Q2 20
Slide 6: Q2 P&L Highlights
Q2 P&L Highlights (in milions, except per share data) 2.2017 P02 2016 ial& | ~y Special & H structuring | | Reported Restructuring H t Reported GAAP ges | | __Gaap Charges | i H H Net Revenue 151.2 H | H Operating Income 114 H Net interest (Expense) 2) Other Income (Expense) 0) Pre-Tax income 82 Ben
Slide 7: Cash Flow and Debt Highlights
Cash Flow and Debt Highlights Q2 2017 YTD FY 2016 Cash Flow from Operations 19 59 Capital Expenditures, net (5) (13) 14 46 Free Cash Flow 2-Jul-17 31-Dec-16 Total Debt 253 251 Cash and Cash i 7 58 Net Debt 176 193 40% 48% Net Debt to Equity 02 2017 Investor Review ey
Slide 8: Q3 2017 Guidance as of July 28, 2017
Q3 2017 Guidance as of July 28, 2017 ($ millions, except per share data) Net Revenue Expected Adjusted Earnings Per Share Expected Special / Restructuring Charges per share: - Restructuring Charges - Special Charges - M&A related amortization 22017 Investor Review Val CIRCOR wY Q3 2017 Low Hi —tow__
Slide 9: Restructuring Actions Summary
Restructuring Actions Summary (sions) Annualized 2017 Savings Savings Status Actions Announced in 2017 4 1 Ongoing Actions Announced in 2016 12 8 Complete Actions Announced in 2015 2 - Complete A&D California Machining Center 3 2 Complete Brazil (Operating loss) 4 2 Complete Chemille Consolidation /
Slide 10: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures diluted shar These non For example’ facilites. 20 years. mani , which are eit For example, we plan settlements. : ‘measuring the competitors. evaluating nper Purposes. = yperior to, cash flow Figures labeled “Adjust 2017 Investor Review ZY CIRCOR UY