Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Cowen Sustainability Conference 2021
27 slides from Teledyne Technologies's conference presentation, June 2021
Slide 1: Cowen Sustainability Conference | June 2021
COWEN SUSTAINABILTY CONFERENCE | JUNE 2021 1
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management's beliefs about the financial condition, results of operations and businesses
Slide 3: Teledyne: Enabling Technologies to Sense, Transmit and Analyze Information
Teledyne: Enabling Technologies to Sense, Transmit and Analyze Information TELEDYNE TECHNOLOGIES
Slide 4: Technologies that Enable Carbon Monitoring, Environmental Science and Climatology
Teledyne: Technologies that Enable Carbon Monitoring, Environmental Science and Climatology aygres TELEDYNE TECHNOLOGIES PY > Everywhereyouldox
Slide 5: Space-based Sensing for Earth Science and Carbon Monitoring
Space-based Sensing for Earth Science and Carbon Monitoring Sensors for all of the following * NOAA Geostationary Operational Environmental Satellite (GOES) — Weather Monitoring * NASA Orbiting Carbon Observatories — Atmospheric Carbon Dioxide (CO;) + NASA GeoCarb — CO2 and Methane (CH4) * ESA Aeolu
Slide 6: Case Study: Copernicus Hyperspectral Imaging Mission for the Environment (CHIME)
Case Study: Copernicus Hyperspectral Imaging Mission for the Environment (CHIME) “This unique visible-to-shortwave infra-red spectroscopy based observational capability will in particular support new and enhanced services for food security, agriculture and raw materials. This includes sustainable ag
Slide 7: Teledyne: Instrumentation for Air-Quality Monitoring
Teledyne: Instrumentation for Air-Quality Monitoring yy ee ; =) Paet =i wo i Leader in Ambient Air Quality Other Related Product Lines * Extensive line of pollution monitoring * Hazardous gas and flame detection for worker instruments (NO, SOz, Oz, CO, CO3, CH, H2S) safety + Particulate instrumentat
Slide 8: Instrumentation for Ocean Science and Climatology
Instrumentation for Ocean Science and Climatology * Complete line of instrumentation and * Bathymetric lidar and imaging sonar autonomous vehicles for ocean sensing * Analysis of ocean temperatures throughout the water column + Disaster assessment, including oil plume tracking (Macondo) and radiatio
Slide 9: Additional Products for Sustainability, Energy Efficiency and Human Health
Teledyne: Additional Products for Sustainability, Energy Efficiency and Human Health * Thermal cameras for firefighting, heat loss elevated * High-sensitivity, lower-dose X-ray detectors skin temperature screening * Instruments for pharmaceutical development + Industrial vision systems for food safe
Slide 10: Teledyne: Environmental and Conservation Projects
Teledyne: Environmental and Conservation Projects ee : Helping End Rhino Poaching Identifying Plastic Debris * Collaboration with World Wildlife « Teledyne lidar enables large-scale Foundation location and classification of debris * Donation of advanced thermal * Identification of plastic vs. wood,
Slide 11: Revenue History
ca Revenue History) ($ in millions) $5,000 4,750 4,500 4,250 4,000 3,750 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 0 ~§5,010 ©) @ Digital Imaging m@ Instrumentation m Aerospace & Defense Electronics lm Engineered Systems $2,394 $2,339 2004 2005 2006 2007 2008 2009
Slide 12: Teledyne's Transformation
Teledyne's Transformation 2000? 2010°) 2020PF”) $657 Million $1.64 Billion $5.01 Billion Ga Printed Circuits Aerospace Castings Aerospace Engines Aerospace Engines % Printed Circuits © Instrumentation B Digital Imaging @ Aerospace & @ Engineered © Divested Defense Electronics Systems Operations (a)
Slide 13: Continuous Improvement
13 Continuous Improvement® Gross Margin) EBITDA Margin 44% 24% 40% 20% 36% 16% 32% 12% 28% 8% 24% 5 4% 20% 5 waeae SSSssssssguresagzeaaga aeseyss5z2eaconanraeneacy ads gesagt SSsSssssssssssassssags RUERLRGRARAAANRARARR RG RESSSSRSSRASSRSRLRLA 3 x 3 < R&D Expense International Sales (%) 10% 50% 8% 40
Slide 14: Continuous EPS Growth
Continuous EPS Growth» ($ per share) $13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 14 {a) (b) {c) (d) Represents total GAAP EPS for 2002 through 2008 and 2013 through 2020, and GAAP EPS from continuing operations for 2001 and 2009 through 2012 Excludes pretax charges of
Slide 15: Consistent Cash Flow
15 Consistent Cash Flow ($ in millions) $600 550 500 450 400 350 300 250 200 150 100 50 () $548 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 m Net Income Attributable to Teledyne m Adjusted Free Cash Flow * (a) Adjusted Free Cash Flow (a non-GAAP measure) represents Cash fro
Slide 16: Total Shareholder Return
16 Total Shareholder Return 5,500 5,100 4,700 4,300 3,900 3,500 3,100 2,700 2,300 1,900 1,500 1,100 700 300 (100) Nov-99 Dec-00 Relative Shareholder Return Since Publicly Listed Jan-02 Feb-03 Teledyne Russell 2000 Mar-04 Apr-05 May-06 Jun-07 Jul-08 Aug-09 Sep-10 Oct-11 Nov-12 Dec-13 Jan-15 Feb-16 Ma
Slide 17: History of Focused, Successful Acquisitions
History of Focused, Successful Acquisitions Electronic Instrumentation Digital Imagin ut _@ + _@e-—@ Aerospace & Defense Me Electronics Engineered Systems 2001 2005 2009 2013 2017 2021 _ _ 7 64 Acquisitions; $11.6 Billion in © $10 Million O $100 Million $1.0 Billion : : : Cumulative Consideration Ie
Slide 18: Similar, Balanced Customers and End Markets
Similar, Balanced Customers and End Markets® Teledyne FLIR Combined Europe Europe Europe i Asia Asia Pac Pac Other Americas Other MEAS Americas Other US. MEAS US. Commercial Other Commercial US. Commercial (a) Approximate 2020 sales percentage by geography TELEDYNE TECHNOLOGIES Everywhereyoulook’ 18
Slide 19: All Wavelengths, All Applications: From Deep Sea to Deep Space
All Wavelengths, All Applications: From Deep Sea to Deep Space GAMMA X-RAY ULTRAVIOLET VISIBLE INFRARED MICROWAVE RADIO TELEDYNE TECHNOLOGIES Everywhereyoulook’ 19
Slide 20: Full Spectrum of Imaging Products
Full Spectrum of Imaging Products TELEDYNE TECHNOLOGIES Everywhereyoulook’ 20
Slide 21: Full Spectrum of Unmanned Systems
Full Spectrum of Unmanned Systems noe 8 From Sea to Land to Sky Autonomous and unmanned systems and a wide range of payloads TELEDYNE TECHNOLOGIES Everywhereyoulook’ 2a
Slide 22: Credit Ratings: Moody's, S&P, Fitch
• • Moody’s Baa3 S&P BBB Fitch BBB- 22
Slide 23: Reconciliation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures Teledyne reports its financial results in accordance with U.S. GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, investors may wish
Slide 24: Reconciliation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures The following tables set forth a reconciliation of net income and operating margin provided in acordance with GAAP to comparable results that are non-GAAP. Reconciliation of GAAP to Non-GAAP financial measures (in milli
Slide 25: Reconciliation of Non-GAAP Financial Measures (cont.)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Reconciliation of GAAP to Non-GAAP financial measures (in millions): Fiscal Year (Incl. Discont Ops) Fiscal Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Net cash provided by operating activities,
Slide 26: Reconciliation of Non-GAAP Financial Measures
26 Teledyne Technologies Incorporated ‘The following tables set form 2 reconciliation of net income provided in acordance with GAAP to comparable results iat are non-GAAP. ‘Reconciliation of GAAP to Non-GAAP financial measures (in millions): [Net income Attributable to Teledyne, GAAP ‘Depreciation &
Slide 27: Pro Forma 4Q20 Leverage
Pro Forma 4Q20 $4,769.2 -272.8 $4,496.4 $1,112.6 4.3x 4.0x 27
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