CIRCOR International — Q1 2016 Earnings Presentation
8 slides from CIRCOR International's earnings presentation, Apr 29, 2016
Slide 1: First Quarter 2016 Investor Review
G | R Cc oO R Energy | Aerospace & Defense WY First Quarter 2016 Investor Review Presented April 29, 2016
Slide 2: Safe Harbor
Q1 2016 Investor Review al CIRCOR YY 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: First-Quarter Highlights
First-Quarter Highlights Delivered Revenue of $151 million and Adjusted EPS of $0.52 Accelerated cost control and restructuring to improve bottom-line performance Achieved Energy adjusted operating margin of 12.6% Expanded Aerospace & Defense adjusted operating margin to 9.3% Q1 2016 Investor Review
Slide 4: Energy Segment Highlights
Energy Segment Highlights ($ millions) | _ai2016 | at 2015_ | YOY Change Revenues 112.6 127.6 (12%) Adjusted operating margin 12.6% 13.8% (120 bps) = Revenues decreased 16% organically — Lower upstream distributed valve and instrumentation sales — Higher large international projects volume — Negativ
Slide 5: Aerospace & Defense Segment Highlights
Aerospace & Defense Segment Highlights {$ millions) Revenues 38.2 38.3 - Adjusted operating margin 9.3% 8.0% 130 bps = Revenues increased 1% organically — Higher fluid control and actuation sales — Lower sales from defense programs — Negative FX impact of ~$0.4 million = Adjusted operating margin in
Slide 6: Q1 P&L Highlights
Q1 P&L Highlights (in millions, except per share data) Le 212016 Q1 2015 Restructuring | i Restructuring |! 4 & Special | ! & Special | ! Reported Charges |_Adjusted_| __Reported Charges |_Adjusted_| r 1 r 1 i i H i Sales $ 1508 $ - 18 1808! $ 1659 § - 18 1659! i i i I Operating income 55 58 | 113}
Slide 7: Cash Flow and Debt Highlights
Q1 2016 Investor Review ay CIRCOR od Cash Flow from Operations Capital Expenditures, net Free Cash Flow Total Debt Cash and Cash Equivalents Net Debt Total Debt to Equity Cash Flow and Debt Highlights (S millions) Q1 2016 FY 2015 77 27.1 (3.9) (10.5) 37 16.6 3-Apr-16 31-Dec-15 97.8 90.5 66.6 54.5 31
Slide 8: Q2 2016 Guidance as of April 29, 2016
Q2 2016 Guidance as of April 29, 2016 (S millions, except per share data) Low Revenue $135 Expected Adjusted Earnings Per Common Share $0.38 (Diluted) Less: Restructuring related charges, net of tax ~7 0.22 0.19 Special charges, net of tax _y Expected Earnings Per Common Share (Diluted) $0.16 $0.29