Exhibit 99.1
First In Flight – 100 Years
Highly Engineered Products
A Market Leader
Company Profile
A Strategically Focused, Multinational Provider of
Highly Engineered Products and Services
Strong Positions in Diversified, Profitable Niche
Markets Built Upon:
Engineering and Technological Leadership
Strong Relationship with our Customers
Strong Base Comprised of 3 Business Segments:
Flow Control = 48%
Controls = 34%
Metal Treatment = 18%
Growing Sales & Profits
Sales
Normalized Operating
Income
15.5
30.0
34.3
42.6
48.0
47.4
61.3
80.0
1996
1997
1998
1999
2000
2001
2002
Forecast
2003
“One of America’s Top 200 Small Companies” ~ Forbes Magazine (1999 – 2002)
“Top 100 Hot Growth Companies” ~ Business Week (2002)
Top 30 Aerospace Businesses Ranked by Operating Margin ~ Flight International (2002)
170.5
219.4
249.4
293.3
329.6
343.2
513.3
700.0
1996
1997
1998
1999
2000
2001
2002
Forecast
2003
1996
1997
1998
1999
2000
2001
2002
2003
1996
1997
1998
1999
2000
2001
2002
*Normalized to exclude the effects of environmental insurance settlements, post-retirement costs,
consolidation costs, gains related to post- retirement medical benefits, recapitalization costs and gains
on asset sales.
**Range of analysts expectations.
Earnings Components*
Operating Income
Non-Operating Income
15.5
30.0
34.3
48.0
47.4
61.3
8.6
11.9
11.2
12.2
12.4
16.2
7.0
42.6
In millions of dollars
$24.1
$41.9
$45.5
$54.8
$60.4
$63.6
$68.3
$1.58
$2.71
$2.70
$3.33
$3.72
$3.97
$3.99
$ 4.75-
$5.11
Earnings per share
Commerical
Aerospace
19 %
Defense
47 %
Automotive/
Transportaton
6%
Process
Industry
(Oil / Gas)
10 %
Power
Generation
10 %
General
Industrial
8 %
Estimated 2003 Sales $700 Million
Decreased dependence on Commercial Aerospace
Increased presence in defense markets
Global reach limits exposure to domestic markets
Diversified Businesses
Major Markets
Aerospace
17%
Ground
Vehicles
23%
US Navy
60%
Defense Market
2003 Estimated Sales of $332M
Flow control products and electronic control systems for the
Nuclear and Surface Navy
Highly engineered Actuation & Electronic Devices & Control
Systems for Aerospace and Land-Based Armored Vehicles
Guidance Systems for Unmanned Aircraft
Antipersonnel Sensing Systems for Perimeter Security
Defenses
Defense Sectors
$23.7
$39.0
$48.4
$32.7
$148.3
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
2001
2002
2003 Est.
Base
Acquisitions
2003 Estimated Sales of $196M
Sales (million )
Organic Growth Rate 24%
Construction of New
Aircraft Carrier
Submarine Construction
Retrofit of Aviation Fuel
Pumping Valves
Naval Defense Market
Defense Growth Opportunities
Naval Programs
Increase in Submarine Build Rate
Retrofit of Valves for Aviation
Fuel Systems
Smart Valves
Aerospace
F-22 Raptor, F-35 Joint
Strike Fighter, Global
Hawk, V-22 Osprey
Land Based Defense
Expansion of Value Added
Cross Marketing
Commercial Aerospace
2003 Estimated Sales of $132M
Flight Control and Utility Actuation Components & Integrated Systems
Position Sensors, Flight Recorders, Power Supplies and Fire Detection
Systems
Metal Treatment of Aircraft and Jet Engine Structures & Components
Shot Peen Forming of Aircraft Wing Skins
Component Repair & Overhaul Services to the Global Airline Industry
Sales Segmentation
OEM
76%
Aftermarket
24%
Industrial Markets
2003 Estimated Sales of $245M
Engineered Flow Control Products for the
Commercial Nuclear Power Generation and
Processing Industries
Metal Treatment Services
Electronic Sensors for Industrial Applications
Tilting Systems for High Speed Trains
Sales Segmentation
Auto
Transportation
18%
Other
4%
Electronics
9%
Metal Treatment
28%
Flow Control
59%
Industrial-Power Generation
Organic Growth Rate of 15%
Plant Life Extensions
New Plant Construction: Asia
Domestic Plant Restarts:
Browns Ferry
Worldwide Increase for Power
Expanded Product Lines:
Valves, Pumps, Services
Sales (million)
2003 Estimated Sales of $65M
$34.7
$39.7
$45.5
$19.0
$7.8
$0
$10
$20
$30
$40
$50
$60
$70
2001
2002
2003 Est.
Base
Acquisitions
Sales (million)
2003 Estimated Sales of $74M
Organic Growth Rate of 23%
New Products:
Coker De-heading Valves
Pilot Operated Valves
Expanded Butterfly Valve Products
Software Management Systems
Plant Upgrades
Industrial - Processing
$34.2
$40.4
$49.8
$15.8
$24.5
$0
$10
$20
$30
$40
$50
$60
$70
$80
2001
2002
2003 Est.
Base
Acquisitions
Strategic Directions
Strategic Directions
Geographical Market Expansion
Power Generation
Process Industry
Smart & Leakless Valves
Home Land Defense
Develop and Advance New Technologies
LasershotSM Peening
Significant fatigue lifetime improvements
Impacted safety/reliability on $14B Boeing 777 jets
Currently impacting Gulfstream V, A340-500 & 600 jets
Rolls Royce engines
U.S. DOE estimating laser-peening will save government
over $1B at Yucca Mountain Nuclear Waste facility
In Sum: A Solid Investment
Established Leader in Niche Markets
Technology
Market Position
Low Cost Manufacturer
Diversified Business Plan
Proven Ability to Grow Profitably
Successful Integration of Acquisitions
Future Outlook
Safe Harbor Statement
Forward-looking statements in this document are made pursuant
to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those expressed or implied.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof. Such risks and uncertainties include, but are not limited
to: unanticipated environmental remediation expenses or claims;
a reduction in anticipated orders; an economic downturn;
changes in the need for additional machinery and equipment
and/or in the cost for the expansion of the Corporation’s
operations; changes in the competitive marketplace and/or
customer requirements; an inability to perform customer
contracts at anticipated cost levels; and other factors that
generally affect the business of aerospace, marine, and industrial
companies. Please refer to the Company’s SEC filings under the
Securities and Exchange Act of 1934, as amended, for further
information.
Thank you
For more information,visit:
www.curtisswright.com