Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Investor Presentation (August 2024)
26 slides from Teledyne Technologies's investor presentation, August 2024
Slide 1: Investor Presentation | August 2024
INVESTOR PRESENTATION | AUGUST 2024 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, Analyze and Distribute Information
Teledyne: Enabling Technologies to Sense, Analyze and Distribute Information TELEDYNE TECHNOLOGIES
Slide 4: Global sensing and decision-support technology company
* Global sensing and decision-support technology company * Broad, balanced portfolio of highly engineered products * Proven track record; hands-on management; consistent, predictable performance * Further opportunities for margin improvement * Compound growth in earnings and cash flow * Established
Slide 5: Markets and Sales by Geography
Markets(b) Sales by Geography(b) NN 5
Slide 6: Teledyne's Transformation
Teledyne's Transformation 2000° 2010” 2024 $657 Million $1.64 Billion $5.62 Billion Aerospace Castings Aerospace Engines 19% Printed Aerospace Circuits Engines Printed Circuits © Instrumentation B Digital Imaging ®@ Aerospace & ®@ Engineered ©) Divested Defense Electronics Systems Operations (a) Tot
Slide 7: History of Focused, Successful Acquisitions
History of Focused, Successful Acquisitions Electronic Instrumentation Digital Imagin “nat _@ + _@e-_ -@ Aerospace & Defense My Electronics Engineered Systems 2001 2005 2009 2013 2017 2021 2023 2024 70 Acquisitions; $11.9 Billion in Cumulative Consideration ae TELEDYNE TECHNOLOGIES Everywhereyoulook
Slide 8: Continuous Improvement
Continuous Improvement® Gross Margin) EBITDA Margin 48% 28% 44% 24% 40% , 20% 36% ; . 16% 32% 12% 28% 24% 8% 20% 4% DAMS ON SRO TNS NEN SO OHANS SANS BON BA OTINS HONSAEHNNE SSSSSSSSSQaII sg sHscgagns SSSSSSSSSQAIN ISN SAQIIAS g Bases sess e Rane 8 SSSs8sSssssssaNSags RARRARARRANRAA AAA AR AAS RARRR
Slide 9: Revenue History
Revenue History” ($ in millions) $6,000 $5,636 ~$5,620"" 5,500 . Mf Digital Imaging $5,459 " j (a) Excludes the former Aerospace Engines @ Instrumentation : & Components segment, which was sold 5,000 | im Aerospace & Defense Electronics on April 19, 2011, in all years i (b) Represents approximate re
Slide 10: Continuous EPS Growth
Continuous EPS Growth” (a) Represents total GAAP EPS for 2002 through 2008 and 2013 through 2022, ($ per share) and GAAP EPS from continuing operations for 2001 and 2009 through 2012 $20.00 (b) Non-GAAP EPS excludes pretax charges 19.00 related to the acquisition of e2v, 18.00 estimated after-tax ch
Slide 11: Consistent Cash Flow
Consistent Cash Flow (a) Adjusted Free Cash Flow (a non-GAAP . ways measure) represents Cash from ($ in millions) Operating Activities less purchases of property, plant and equipment, $1,000 5 and excludes voluntary pension $943 contributions but includes proceeds pursuant to a 1031 like-kind exchan
Slide 12: Credit Ratings Q2 2024
Q2 2024 Moody’s Baa3 S&P BBB Fitch BBB 12
Slide 13: Applications and end markets overview
Bio-MEMS Semiconductor and Offshore Energy Electronics Endoscopy Sensors Subsea Infrastructure Battery Inspection Ophthalmology Construction & Mining Factory Condition Radiotherapy Utilities Monitoring X-Ray Detection Space-based Imaging Air Quality and Safety Food Inspection Radiation-hardened Elec
Slide 14: Healthcare
@ Healthcare © Bio-MEMS, Endoscopy Sensors, Ophthalmology, Radiotherapy, X-Ray Detection je TELEDYNE TECHNOLOGIES PV > Everywhereyoulsox
Slide 15: Defense & Aerospace
r Defense & Aerospace Defense Electronics, Surveillance Systems, Unmanned Air and Land Vehicles, Commercial Aircraft Avionics TELEDYNE TECHNOLOGIES Everywhereyoulook’ 15
Slide 16: a Pp » TELEDYNE TECHNOLOGIES
a Pp » TELEDYNE TECHNOLOGIES PQ Everywhereyoulook’
Slide 17: Energy & Infrastructure
©) Energy & Infrastructure @ Offshore Energy, Subsea Infrastructure, Construction & Mining, Utilities TELEDYNE TECHNOLOGIES Everywhereyoulook’ 17
Slide 18: Test & Measurement
& Test & Measurement TELEDYNE TECHNOLOGIES Everywhereyoulook’ 18
Slide 19: Safety & Security
Safety & Security > Air Quality and Safety, Process Gas Sensing, Perimeter Security Traffic Control, Automotive Safety ; re ee TELEDYNE TECHNOLOGIES Everywhereyoulook’ 19
Slide 20: Inspection
® inspection @ Semiconductor and Electronics, Battery Inspection, Factory Condition Monitoring, Food Inspection 4m TELEDYNE TECHNOLOGIES PR Everywhereyoulook’ 20
Slide 21: Maritime
@ Maritime je TELEDYNE TECHNOLOGIES PY > cverywhereyouicok
Slide 22: Goal to Reduce Scope 1 and 2 Emissions 40% by 2040
22 Teledyne: Goal to Reduce Scope 1 and Scope 2 Combined Emissions, Divided by Sales, 40% from 2020 to 2040 GHG Emissions Normalized for Revenue a <a 40 7 32.4% Decrease 35 2 28.8 Target 40% reduction $ by 2040 21.8 a) 40% REDUCTION 7 IN GREENHOUSE GAS EMISSIONS BY 2040 a 8 MT CO,e per $M Revenue ro
Slide 23: Explanation of Non-GAAP Financial Measures
Teledyne Technologies Incorporated Explanation of Non-GAAP Financial Measures We report our financial results in accordance with GAAP. However, management believes that, in order to more fully understand our short-term and long-term financial and operational trends, and to aid in comparability with
Slide 24: Reconciliation of Non-GAAP Financial Measures (cont…)
Teledyne Technologies Incorporated Reconciliation of Non-GAAP Financial Measures (cont…) Management excludes the effect of each of the acquisition related items identified below to arrive at the applicable non-GAAP financial measure referenced in the previous tables for the reasons set forth below w
Slide 25: 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 26: 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,
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