Fluid Handling

Brad Ellis, Senior Vice President

FLUID HANDLING

Results & Guidance

Market Outlook

Delivering Share Gain

Expanding Margins

Summary

2

United States36%

Western Europe

24%

Canada20%

Emerging Markets

17%

Developed Asia-Pacific

3%General

Industrial26%

Chemical22%Oil & Gas /

Power20%

Non-Residential

Construction / Municipal

32%

FluidHandling

34%

FLUID HANDLING

3

• IMPRESSIVE 2019 RESULTS: 4% CORE GROWTH, 190 BPS MARGIN* EXPANSION AND 18%

OPERATING PROFIT* IMPROVEMENT

($ Millions) 2016 2017 2018 2019 2020G

Sales 999 1,043 1,102 1,117 1,185

Operating Profit* 109 115 129 152 166

Operating Margin* 10.9% 11.1% 11.7% 13.6% 14.0%

*Excludes Special Items. Please see non-GAAP Financial Measures tables for details.Note: Charts based on 2019 actual results.

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FLUID HANDLING

Results & Guidance

Market Outlook

Delivering Share Gain

Expanding Margins

Summary

4

% Crane FH

2019 Sales

2019

Actual

Midterm

Outlook

22%

26%

20%

32%

End Markets

Chemical

Oil & Gas / Power

Non-Residential Commercial /Municipal

General Industrial

Total

FLUID HANDLING MARKET — POSITIVE OUTLOOK

5

FLUID HANDLING

Results & Guidance

Market Outlook

Delivering Share Gain

Expanding Margins

Summary

6

HOW WE ARE DRIVING SHARE GAIN

7

ProductInnovation

CommercialExcellence

Localization

2X’16–’19

GROWTH RATE

VS. PEERS

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DELIVERING SHARE GAINS

•ON TRACK TO DELIVER ON PREVIOUSLY HIGHLIGHTED PRODUCT LAUNCHES

8

$50MBy 2023

$25MBy 2023

$20MBy 2023

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Triple Offset Valve Large Diameter PipeChopper Pump

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BREAKTHROUGH OPPORTUNITY – METAL SEATED BALL VALVE

•EXPECTING $15M GROWTH BY 2025 IN $475M MARKET

9

»

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BREAKTHROUGH OPPORTUNITY – HIGH EFFICIENCY MOTOR

•EXPECTING $15M GROWTH BY 2025 IN $260M LIFT STATION MARKET

10

»

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BREAKTHROUGH OPPORTUNITY – TRANSDUCER PORTFOLIO

•EXPECTING $15M BY 2023 IN $395M MARKET

11

Installed base

4Munits

MECHANICAL

PRESSURE SWITCH

ELECTRONIC

PRESSURE

TRANSDUCER

Higher

GROWTH

Oil & GasAgricultural Equipment

Mobile Hydraulics

Factory Automation

»

»

DRIVING SHARE GAIN – LOCALIZATION

•GROWTH MARKETS & SHARE GAIN THROUGH LOCALIZATION: $13M BY 2022

12

India China Middle East

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»EXTENDIBILITY FOR CRANE

SP

AC

E A

TT

RA

CT

IVE

NE

SS

HIGHERLOWER

LO

WE

RH

IGH

ER

ATTRACTIVE BUSINESS PLATFORM FOR INORGANIC GROWTH

•CBS AND STRUCTURAL SYNERGIES DIFFERENTIATOR TO ACCELERATE DEALS

13

»

Consolidation / Near Adjacency

Process Valves

Water / Wastewater Pumps

Process Pumps

Fluid Sensing

Pharma Flow Components

New Platform Opportunities

1

2

3

4

5

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CIRCOR INSTRUMENTATION & SAMPLING ACQUISITION

GROW BOTTOM LINE THROUGH CBS CADENCE, SALES SYNERGIES, MANUFACTURING

EFFICIENCY, PROCUREMENT SAVINGS, & WORKING CAPITAL IMPROVEMENTS 14

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FLUID HANDLING

Results & Guidance

Market Outlook

Delivering Share Gain

Expanding Margins

Summary

15

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BACK TO MID-TEEN MARGINS

•ACHIEVING 100 BPS AVERAGE MARGIN IMPROVEMENT PER YEAR

16

6%

8%

12% 12%13%

15%

11%12%

14%

600

700

800

900

1,000

1,100

1,200

1,300

1,400

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020G

Sales Margins

Global Recession Oil Price

Weakens

*Excludes Special Items. Please see non-GAAP Financial Measures tables for details.

Fluid Handling Sales ($ Millions) and Margin %*

»5.9% 6.3% 8.1% 10.7% 12.1% 13.9% 11.8% 11.9% 12.7% 13.4% 15.0% 14.8% 11.6% 10.9% 11.1% 11.7% 13.6% 14.0%

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EXPANDING MARGINS THROUGH REPOSITIONING

•ON TRACK TO DELIVER $25M COST SAVINGS BY 2022

17

»

Restructuring in Europe

Consolidating two facilities to existing plants in US, India, and Mexico➔

➔

Crane Strategic Sourcing Process

EXPANDING MARGINS THROUGH STRATEGIC SOURCING

18

Castings

Machined Parts

Plastic Injection Molding

PCBA

$90M $106M

$67M$85M

SpendAnalysis

NPDRoadmap

Product Business Models

Commodity Strategy Process

CommodityAnalysis

CommoditySummary

SupplierStrategy

ProjectFunnel

ActiveProjectDeck

Resourceor Develop

EvaluateSupplier Performance

Continuous Improvement Process

Resource

Develop

Sourcing Tollgate Process

Validation& Strategy

SupplierSearch & RFQ

SupplierSelection

& LTA

Part/Process

Qualification

SupplierOn-boarding

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REDUCED ENVIRONMENTAL IMPACT THROUGH AUTOMATION

•REDUCED CARBON FOOTPRINT, COST, OPERATOR BURDEN AND PART VARIATION

19

»

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GIVING BACK AND SUPPORTING LOCAL COMUNITIES

•PAID TIME TO VOLUNTEER FOR ALL GLOBAL ASSOCIATES

20

»

FLUID HANDLING

Results & Guidance

Market Outlook

Delivering Share Gain

Expanding Margins

Summary

21

»

SUMMARY

•DELIVERING TODAY WHILE INVESTING IN THE FUTURE

22

»

STRONG Execution and 2019 Results1

ACCERLATING Share Gains2

EXCEEDING 100 BPS Average Margin Improvement per Year3

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