CIRCOR International — Q4 2017 Earnings Presentation
11 slides from CIRCOR International's earnings presentation, Feb 28, 2018
Slide 1: Fourth Quarter 2017 Investor Review
Advanced Flow Solutions Energy Fluid Handling Fourth Quarter 2017 Investor Review Presented February 28, 2018
Slide 2: Safe Harbor
LN Safe Harbor emma This presentation contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking statements because they involv
Slide 3: Q4 2017 Results
CIRCOR Q4 2017 Results vw $ Millions, Except EPS EPS Orders Net Revenue i ‘i 216 GAAP Adjusted $206 Q4 2016 Q4 2017 Q4 2016 Q4 2017 Organic 32% [Organic 4% Acquisition 17% Acquisition 23% FX 3% FX 3% Total 52% {Total 30% EPS: Diluted Earnings Per Share $(0.12) 4 2016 4 2017 $(0.32) * Reflects a non-
Slide 4: Energy Segment Highlights
Energy Segment Highlights ww $ Millions Q4 2017 YOY Change Net Revenues 92.2 4% Segment Operating Income 16 -18% Segment Operating Margin 8.3% -210 bps * Q42017 revenues - Distributed Valves up 70% - Engineered Valves volume down approximately 50% — Lower volumes in Instrumentation and Sampling busi
Slide 5: Advanced Flow Solutions Segment Highlights
ZN Advanced Flow Solutions Segment Highlights aaah $ Millions Q4 2017 YOY Change Net Revenues 76.8 11% Segment Operating Income 11.4 27% Segment Operating Margin 14.8% 190 bps * Q4 2017 revenues — Price increase in Aerospace - Higher volumes in Aerospace and Defense — Lower shipments in Industrial S
Slide 6: Fluid Handling Segment Highlights
ZN P 7 : . CIRCOR Fluid Handling Segment Highlights ww $ Millions Period from December 11, 2017 to December 31, 2017 Net Revenues 36.5 Segment Operating Income oD Segment Operating Margin 15.0% * Q4 2017 stub period revenues - EMEA shipments primarily for Industrial markets - Reliability Services la
Slide 7: Q4 P&L Highlights
Q4 P&L Highlights ws $ Millions, Except EPS Q4 2017 J 42016 Special & | 1 Special 8 [7 Restructuring | | Reported Restructuring | Reported GAAP Charges | Adjusted | _ GAAP Charges | Adjusted i i i Net Revenue 2056 - | 205.6 | 1582 - | H H H Cperang Los) heone oy) art w7t ayaa | i Hl i Net hierest (E
Slide 8: Cash Flow and Debt Highlights
Cash Flow and Debt Highlights ww $ Millions FY 2017 FY 2016 Cash Flow from Operations 10 59 Capital Expenditures, net (14) (13) Free Cash Flow (4) 46 31-Dec-17 31-Dec-16 795 251 Total Debt Cash and Cash Equivalents 110 58 Net Debt 685 193 Net Debt to Equity 114% 48% Note: Cash and cash _ at December
Slide 9: Q1 2018 Guidance as of February 28, 2018
ZN CIRCOR Q4 Guidance as of February 28, 2018 ww $ Millions, Except EPS Q1 2018 Low High Net Revenue $ 260 $ 275 Expected Adjusted Earnings Per Share $ 0.26 $ 0.36 Expected Special / Restructuring Charges per share: - Restructuring Charges $ (0.64) $ (0.58) - Special Charges - M&A amortization relat
Slide 10: Organization Structure
Organization Structure Ww $ Millions Organizing CIRCOR by End Market New Group Structure ENERGY INDUSTRIAL A&D ~400 ~475 ~220 Distributed Valves Industrial EMEA Commercial Aerospace Refinery Valves Industrial Americas Defense Instrumentation & Sampling Commercial Marine Reliability Services Engineer
Slide 11: Use of Non-GAAP Financial Measures
Za Use of Non-GAAP Financial Measures ‘Clade Within this presentation the Company uses non-GAAP financial measures, including adjusted net income, adjusted earnings per diluted share, adjusted operating income, net debt and free cash flow. These non-GAAP financial measures are used by management in