CIRCOR International — Q2 2016 Earnings Presentation
8 slides from CIRCOR International's earnings presentation, Jul 29, 2016
Slide 1: Second Quarter 2016 Investor Review
Energy | Aerospace & Defense Second Quarter 2016 Investor Review Presented July 29, 2016
Slide 2: Safe Harbor
2 2016 Investor Review -\ 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 stat
Slide 3: Q2 2016 Energy Segment Highlights
Q2 2016 Energy Segment Highlights Net revenues 110.7 110.7 (13%) Operating income 10.1 14.3 (2.7) Operating margin 9.1% 13.0% (40) bps = Revenues decreased 13% — Lower upstream distributed valve and instrumentation sales — Higher large international projects volume — Favorable FX impact of ~$0.7 mil
Slide 4: Q2 2016 Aerospace & Defense Segment Highlights
922018 investor Review A CIRCOR Pw Q2 2016 Aerospace & Defense Segment Highlights ($ millions) Reported | Adjusted* | YOY Change* Net revenues a7 357 (10%) Operating income 7 3.0 (0.5) Operating margin 1.8% 8.4% (40 bps) + Revenues decreased 10% — Lower general industrial sales — Lower sales from de
Slide 5: Q2 P&L Highlights
Q2 P&L Highlights (in mitions, except per share data) Net Revenues s owes s+ | i Operating Income 53 ae | n9 BA Oey 150 Net Interest (expense) og - | 08) (03) 2 | (02)! Other income os __| os! ot | o4| Pre Texincome 23 ee | 113! 44 coal 743! Provision for income taxes a 8 | rex 25 2s} rea Net Income
Slide 6: Cash Flow and Debt Highlights
922018 investor Review lal CIRCOR Tw, Cash Flow and Debt Highlights (millions) Q2 YTD 2016 FY 2015 Cash Flow from Operations 17.8 24 Capital Expenditures, net (5.9) (10.5) Free Cash Flow 11.9 16.6 3-Jul-16 31-Dec-15 Total Debt 97.6 90.5 Cash and Cash Equivalents 73.0 54.5 Net Debt 24.6 36.0 Net Debt
Slide 7: Q3 2016 Guidance as of July 29, 2016
Q3 2016 Guidance as of July 29, 2016 (S millions, except per share data) Low High Net Revenue $140 $150 Expected Adjusted Earnings Per Share $0.45 $0.55 Expected Special / Restructuring Charges Per Share ($0.40) ($0.25) 922018 investor beat Note: Eamings per share based on expected diluted common sh
Slide 8: Restructuring Actions Summary
22.2016 investor Review A CIRCOR Vw Restructuring Actions Summary (6 milions) Annualized 2016 2017 Savings Savings Actions Announced in 2015 a 9 2 A&D California Machining Center a 1 2: Brazil (Operating loss) 4 4 . China Operations 2 1 1 Total 30 6 3) Note: Restructuring actions include both struct