CIRCOR International — Q3 2015 Earnings Presentation
8 slides from CIRCOR International's earnings presentation, Nov 9, 2015
Slide 1: Third Quarter 2015 Investor Review
“NY CG l R C oO R Energy | Aerospace & Defense Y Third Quarter 2015 Investor Review Presented November 9, 2015.
Slide 2: Safe Harbor
Q3 2015 Investor Review aN CIRCOR Ww Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking sta
Slide 3: Third-Quarter Highlights
Third-Quarter Highlights = Company closing Brazil manufacturing facility in line with margin improvement strategy = Cost control and restructuring actions drive bottom-line performance = A&D adjusted operating margin up 510 bps YOY" = Energy adjusted operating margin down 210 bps YOY* Q3 2015 Invest
Slide 4: Energy Segment
Energy Segment Highlights ($ millions) | 932015 | Q3 2014 PFI) | YOY Change Revenues 122.9 147.0 (16%) Adjusted operating margin) 15.4% 17.5% -210 bps = Revenues decreased 16% organically®) — Lower short-cycle distributed valve sales — Higher large international project revenue — Negative FX impact
Slide 5: Aerospace & Defense Segment
Aerospace & Defense Segment Highlights ($ millions) } @32015 | 32014 PF | YOY Change Revenues 36.4 42.7 (15%) Adjusted operating margin) 9.1% 4.0% 510 bps » Revenues decreased 10% organically® — Lower structural landing gear product line sales — Push outs of large military programs — Negative FX imp
Slide 6: Q3 P&L Highlights
Q3 P&L Highlights (in millions, except per share data) Q3 2015 Q3 2014 PFI” Divestitures, Restructuring Restructuring & Special & Special GAAP. Charges Adjusted 2 GAAP. Charges Adjusted 7 Sales 1593 a 159.3 203.8 144 189.7 ‘Operating (Loss) Income (35) (19.7) 16.2 19.9 (20) 218 Net Interest (expense
Slide 7: Cash Flow and Debt
Cash Flow and Debt Highlights ($ millions) Q3 2015 Q3 2014 Cash Flow from Operations 5.0 17.3 Capital Expenditures, net (2.8) (3.3) Free Cash Flow 2.2 14.0 Oct. 4.2015 BiSep. 28, 2014 Total Debt AAA 33.8 Cash and Cash Equivalents 53.8 114.7 Net Debt (Cash) 57.3 (80.8) Total Debt to Equity 27% 7% Q3
Slide 8: Q4 2015 Guidance as of November 9, 2015
Q3 2015 Investor Review ZN CIRCOR wY Q4 2015 Guidance as of November 9, 2015 (S millions, except per share data) Q4 2015 Low High Revenue $155 $170 Expected Adjusted Earnings Per Common Share 0.58 0.68 (Diluted) Less: Restructuring related charges, net of tax . f— 0.20 0.18 Special charges, net of t