CIRCOR International — Q3 2017 Earnings Presentation
10 slides from CIRCOR International's earnings presentation, Oct 27, 2017
Slide 1: Third Quarter 2017 Investor Review
Cc l R Cc oO R Energy | Advanced Flow Solutions Ww Third Quarter 2017 Investor Review Presented October 27, 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: Q3 2017 Results
Q3 2017 Results (Smillions, except EPS Net Revenue $160 $135 3 2016 93 2017 Q3 2017 EPS: Died Eamings Per Share Investor Review * Reflects $0.27 Q3 2016 EPS GAAP. $0.46 $0.22 3 2017 Q3 2016 Adjusted” $0.43 03 2017 YTD Free Cash Flow* $29 3 2016 al CIRCOR
Slide 4: Energy Segment Highlights
Energy Segment Highlights ($milions) Q3 2017 YOY Change Net Revenues 92.6 34% Segment Operating Income 74 10% Segment Operating Margin 8.0% -180 bps + Q3 2017 revenues — North American Distributed Valves up 90% — Large international projects volume down approximately 40% — CFS acquisition contribute
Slide 5: Advanced Flow Solutions Segment Highlights
Advanced Flow Solutions Segment Highlights (8 milion 03 2017 Net Revenues 67.1 2% Segment Operating Income 9.5 19% Segment Operating Margin 14.2% 210 bps + Q3 2017 revenues — Growth in Aerospace and Power and Process product lines — Lower shipments in Industrial Solutions + Q3 2017 segment operating
Slide 6: Q3 P&L Highlights
Q3 P&L Highlights (in milions, except per share data) Q3 2017 Q3 2016 Special & Restructuring Charges Net Revenue Operating Income Net Interest | (Expense) Other (Exp re-Tax Inc coon irom (provision fr) come tax Net income Tax Rate Diluted EPS Weighted Avg. Diluted Shares Q3 2017 Investor Review a C
Slide 7: Cash Flow and Debt Highlights
Cash Flow and Debt Highlights Q3 2017 YTD FY 2016 Cash Flow from Operations 2 59 Capital Expenditures, net (8) (13) Free Cash Flow (5) 46 Total Debt 269 251 Cash and Cash Equivalents 76 58 Net Debt 193 193 Net Debt to Equity 43% 48% Q3 2017 Investor Review ———eoOoOT
Slide 8: Q4 2017 Guidance as of October 27, 2017
Q4 2017 Guidance as of October 27, 2017 ($ milfions, except per share data) Q4 2017 Ww High ig! Net Revenue $ 155 $ 175 Expected Adjusted Earnings Per Share $ 0.35 $ 0.55 Expected Special / Restructuring Charges per share: - Restructuring Charges $ (0.04) $ (0.03) - Special Charges - M&A amortizatio
Slide 9: Restructuring Actions Summary
Restructuring Actions Summary (sions) Annualized 2017 Savings Savings Status Actions Announced in 2017 4 2 Ongoing Actions Announced in 2016 12 8 Complete Actions Announced in 2015 21 @ Complete A&D California Machining Center 3 z Complete Brazil (Operating loss) 4 - Complete Chemille Consolidation
Slide 10: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures For example: diluted shar These non- facilities. ‘pani For example, we , which 20 years. measuring the evaluating plan settlements. competitors. purposes. npanie cash flow quarter 2017, Figures labeled “Adjust 3 201 Investor Review quarter 2017, ZY CIRCOR UY