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Gabelli Aircraft Supplier Conference – Parker Drilling Co.

Parker Drilling Co. · Sep 9, 2015 · 38 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 1
    The Global Leader in Motion and Control Technologies Gabelli Aircraft Supplier Conference New York, NY Roger S. Sherrard Vice President and President Aerospace Group September 9, 2015
  2. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 2
    Parker at a Glance The Global Leader in Motion and Control Technologies (NYSE:PH) Centrally Led, Decentralized Company Broad Market Exposure 13 Billion in Sales 55,000 Employees 3
  3. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 3
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Growth 4
  4. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 4
    Parkers Culture & Values The Foundation of Our Success Our success is founded on fair dealing, hard work, coordination of effort and quality of products. - Arthur L. Parker Founder Winning Culture Passionate People Valued…
  5. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 5
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Growth 6
  6. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 6
    1 Position in Motion & Control Industry Ample Opportunity for Growth in a 120 Billion Global Market Top All Other Competitors 7
  7. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 7
    The Broadest Technology Platform Yields Higher Market Share and Margins Motion Systems Hydraulics Pneumatics Electromechanical Flow & Process Control Fluid & Gas Handling Process Control Climate Control Filtration &…
  8. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 8
    A Unique Competitive Advantage How We Win Premier Customer Service Global Distribution, Service & Support Patent Protection & Proprietary Systems Operational Excellence 9
  9. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 9
    Balanced Globally Benefit from Growth Anywhere in the World Reporting Segments Global Technology Platforms Aerospa Aerospa ce ce Systems Systems Motion 18% Diversifi 18% Systems ed Filtratio 28% Industri n& Diversifi al North…
  10. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 10
    Powerful Aftermarket Exposure Half of Industrial Sales from High Margin Channel Parker Distributors Close to the Customer Independent Partners 50% 50% Technical Expertise OEM Aftermarket Value Added Services ParkerStores…
  11. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 11
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Growth 12
  12. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 12
    Clear Vision and Goals Vision Vision The 1 Motion & Control Company 1 Premier Customer Service Goals Financial Performance Profitable Growth 13
  13. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 13
    The Win Strategy 55,000 Employees All on the Same Page 14
  14. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 14
    Strategic Margin Drivers Our Goal is to Consistently Improve Margins 50 bps 50 bps 50 bps Innovation Europe System Solutions Higher Margin Revenue Aerospace Optimize Footprint Increased Content 25B Wins DAT Model Normalized…
  15. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 15
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Growth 16
  16. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 16
    Raising the Floor and Ceiling on Margins 18.0% 10.00 9.00 16.0% 14.8% 15.2% Adjusted Segment Operating Margin % 14.9% 14.1% 14.4% 13.4% 13.8% 13.8% 8.00 Adjusted Earnings Per Share 14.0% 12.5% 11.3% 11.4% 7.00 12.0%…
  17. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 17
    Consistent Cash Generation 14 Years of 10% as a Percentage of Sales 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 * Cash Flow from Operations % =…
  18. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 18
    59 Fiscal Years of Increasing Dividends Among the Top 5 Longest Records in the S&P 500 FY15 2.52 Q4 Run Rate 2.50 150% Increase Last Five 2.00 Years 1.50 1.00 0.50 0.00 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11…
  19. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 19
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Aerospace 20
  20. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 20
    Parker Aerospace Global Leader in: Flight Control Systems Hydraulic Systems Fuel & Inerting Systems Engine / Powergen Systems Conveyance Systems Key Statistics 2.3B Sales 6100 Employees 18% Engineers 4 Joint Ventures 21
  21. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 21
    Aerospace Key Takeaways Investing in Long Term Growth 25B+ in New Wins High-Value Systems Solutions Strongly Positioned in Global Markets Growing Global MRO Annuity Focus on Operational Excellence 22
  22. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 22
    Aerospace Systems Product Portfolio Market Leading Motion & Control Systems Provider Flight Controls Engine / Power Gen Flight control computers Fuel spray nozzles Thrust reverser actuators Trim actuation Manifolds & pigtails Cockpit…
  23. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 23
    Aerospace Systems Platforms Fiscal Year 2015 Sales 11% Fluid Conveyance Systems 18% 30% Engine Systems Flight Control Systems 19% 22% Fuel & Inerting Systems Hydraulic Systems 24
  24. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 24
    Aerospace Systems Portfolio Mix Fiscal Year 2015 Sales 30% 33% Military Aftermarket 70% 67% Commercial OEM 25
  25. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 25
    Aerospace Systems Market Segments Fiscal Year 2015 Sales 2% Power Generation 10% Helicopters 30% Large Commercial Transports 10% Regional Transports 14% 18% Business & General Aviation Military Fixed-Wing Aircraft…
  26. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 26
    Industry Trends Military Increased Commercial Industry Budget Customer Super Cycle Consolidation Downturn Power A&D Increased Fewer New In-sourcing Increased Production Programs M&A Deflation / Trend Re-engine vs. Mods /…
  27. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 27
    Major Completions Supporting Entry Into Service (EIS) Boeing Rolls-Royce GE Gulfstream EIS Before FY15 787 Trent 1000 GENx G650 Hydraulics Fuel Nozzles Fuel Nozzles Flight Controls Fuel Metering Unit Conveyance Conveyance…
  28. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 28
    Many New Platforms in Development Provide Future Growth CSeries LEAP-X Trent 7000 EIS 2016 EIS 2016 EIS 2017 Flight Control System Fuel Nozzles (JV) Pneumatic Suite Fuel System Fluid Conveyance Fuel Nozzles Fuel Tank Inerting…
  29. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 29
    Driving Aftermarket Growth Product Operational Emerging Value-Added Improvement Excellence Markets Services & Retrofits On-time Cost Out In-Region Customer Delivery Repairs Response Weight Center Spares Reduction Singapore…
  30. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 30
    Future Technology Proactive Investments for Growth Green Smaller / Lighter Composite Improved Technology Weight Materials Reliability More electric Additive Lightning protection Product architecture manufacturing Lower weight…
  31. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 31
    Aerospace Systems Growth Goals 8% Sales CAGR 4,000 3,000 Acquisitions 2.9B Sales (M) Organic 2,000 8% 4% 4% 9% 2% 10% -7% 1,000 0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Growth FY18 Target 5% 8% CAGR CAGR Sales…
  32. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 32
    Aerospace Financial Performance FY14 FY15 2.2B 4% Sales Growth * 2.3B 272M 10% Oper. Income Growth 305M 12.5% 100 Bps Oper. Margin* 13.5% FY16 Guidance Sales Growth 1.0% - 3.0% Operating Margin* 14.4% - 14.8% 33 * Revenues…
  33. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 33
    Strategic Initiatives Supporting Growth and Margin Expansion Operational Growth Customer Service Excellence Portfolio Management Engineering Cost Control Customer Scorecards Innovative Technology Supplier Deflation Program…
  34. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 34
    Engineering Cost Optimization Reducing Investment Needs Unfunded Engineering Expense (% Sales) 10.2% 10.5% 10.0% 9.6% 9.1% 9.4% 8.6% 7.6% 7.6% 6.8% FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 35
  35. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 35
    Operational Excellence Customer Supplier Best Cost Business Service Deflation Region Simplification Delivery Deflation Manufacture Reduced Flowdown Overhead Quality Engineering Supplier Facility Response Supply Chain…
  36. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 36
    Aerospace Key Takeaways Investing in Long Term Growth 25B+ in New Wins High-Value Systems Solutions Strongly Positioned in Global Markets Growing Global MRO Annuity Focus on Operational Excellence 37
  37. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 37
    Why Invest in Parker Winning Culture & Values Strong Competitive Advantages Clear Strategy and Goals Consistent Execution and Performance Opportunities for Growth 38
  38. Gabelli Aircraft Supplier Conference – Parker Drilling Co. – slide 38
    39

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