Crane NXT : First Quarter 2026 Presentation

FIRST QUARTER 2026 FINANCIAL RESULTS

May 7, 2026

Our Priorities Q1 Results

DELIVERING ON OUR

VALUE CREATION PRIORITIES

Accelerating organic growth

Building on our leadership positions

Driving operational excellence through CBS

+6% organic growth1

Closed Antares Vision acquisition ahead of schedule

+80 bps expansion in Adj. EBITDA margin1

1 Please see the appendix for Non-GAAP reconciliations and explanations. 3

SUCCESSFULLY COMPLETED ANTARES VISION ACQUISITION AHEAD OF SCHEDULE

EQUIPMENT SERVICE SOFTWARE

Advanced inspection and detection systems to ensure the quality and enable tracking of products through the supply chain

Field and remote capabilities for new equipment

commissioning and ongoing service

Track and trace software to ensure the safety and authenticity of products from manufacturing to the consumer

1 Antares Vision FY 2025 Financial Results (March 2026).

Food and Beverage

~40%

~€200M

2025 Sales1

~60%

Life Sciences

ROW

Americas

10%

Sales by Geography1

40%

50%

W. Europe

4

A DIFFERENTIATED PORTFOLIO WITH INTEGRATED CAPABILITIES

	Proprietary Security Technology	Track and Trace Software	Detection and Inspection Equipment	Field Service Capabilities	Trusted Partner to Governments
1

5

CREATING THE MARKET LEADER IN AUTHENTICATION AND TRACEABILITY TECHNOLOGIES

OUR VALUE

ADD

Security & Authentication Technologies (SAT)

Advanced, proprietary technologies that prevent the counterfeiting of products and identities

Detection & Traceability Technologies (DTT)

Innovative solutions that ensure the quality, authenticity, and traceability of products across the supply chain

BUSINESSES

Q1 2026 RESULTS SUMMARY

Sales

+17%

+6% Organic1

+4% FX

$388M

$330M

Q1 2025

Q1 2026

Continued strong performance in SAT

Adj. EBITDA1

+80 bps

$75M

$61M

Q1 2025

Q1 2026

Executing synergies in Authentication

18%

19%

Adj. EPS1

+11%

$0.60

$0.54

Q1 2025

Q1 2026

On-track to full year expectations

Adj. FCF1

+$12M

-$19M

-$31M

Q1 2025

Q1 2026

Normal seasonality; Expect full year conversion of ~90% to ~110%

SAT - Q1 RESULTS

Sales

+51%

+22% Organic1

+8% FX

$193M

$127M

Q1 2025

Q1 2026

• Strength in International Currency

• Full operations in U.S. Currency

• Addition of De La Rue

Adj. EBITDA1

+610 bps

$39M

$18M

Q1 2025

Q1 2026

Expect ~25% full year Adj. EBITDA1 margin from synergy realization and increased volume

14%

20%

Backlog

+7%

$429M

$401M

Q1 2025

Q1 2026

• Continued strong backlog

• High confidence in full year sales guidance

Adj. EBITDA1

-160 bps

$57M

$52M

Q1 2025

Q1 2026

YOY change driven by CPI volume flow through and product mix

27%

28%

DTT - Q1 RESULTS

Sales

-4%

-5% Organic1

+1% FX

$203M

$195M

Q1 2025

Q1 2026

~MSD growth in CPI Service offset by expected

lower CPI Hardware sales

1 Please see the appendix for Non-GAAP reconciliations and explanations.

2 Q1 2026 includes ~$100M of Antares Vision backlog

Backlog2

+51%

$221M

$147M

Q1 2025

Q1 2026

• CPI book-to-bill of ~1.0

• Antares Vision backlog of ~$100M

9

STRONG BALANCE SHEET AND CAPITAL STRUCTURE

Net Debt Net Leverage1

March 31, 2026

Fixed-rate debt

6.55% USD Bonds due 2036

4.20% USD Bonds due 2048

$200

$350

Acquired Antares Vision

2.9x

Variable-rate debt

2.3x

2.3x

	Revolver	$126
	Acquired debt	$124
	Term Loan A - GBP	$244
	Term Loan B - EUR	$496
	Gross Debt	$1,540
	Cash and Cash Equivalents	$228
	Net Debt	$1,312

Dec. 2025

Mar. 2026

Dec. 2026E

Expecting Net Leverage1 of ~2.3x at year end

UPDATING 2026 FINANCIAL GUIDANCE

DOLLARS IN MILLIONS

Crane NXT Sales Growth1 SAT segment sales growth DTT segment sales growth

Adjusted Segment EBITDA Margin2 Adjusted EBITDA Margin2

Adjusted EPS2

Other Information

Corporate Expense

Non-Operating Expense, Net Adj. Free Cash Flow Conversion2

ORIGINAL GUIDANCE

+4% to +6%

~HSD

~Flat

~28%

~25%

$4.10 to $4.40

~$58

~$60

~90% to ~110%

UPDATED GUIDANCE

+15% to +17%

~HSD

Low 20's%

~27%

~24%

$4.10 to $4.40

~$58

~$85

~90% to ~110%

Key updates from prior guidance:

• Low 20's% sales growth in DTT including Antares Vision

• Adjusted EBITDA1 margin reflects expected impact of Antares Vision

• Increase in non-operating expense from interest expense related to Antares Vision financing

1 Represents growth over 2025.

DELIVERING ON OUR

VALUE CREATION PRIORITIES

Accelerating organic growth

Investing in differentiated technology and capabilities to capture market tailwinds

Building on our leadership positions

Applying our disciplined capital allocation process to expand our leadership positions in authentication and traceability technologies

Driving operational excellence through CBS

Deploying the Crane Business System to drive margin expansion and strong free cash flow

2028 TARGETS

Positioned To Drive Shareholder Value Creation

Accelerating organic growth

Investing in differentiated technology and capabilities to capture market tailwinds

Building on our leadership positions

Applying our disciplined capital allocation process to expand our leadership positions in authentication and traceability technologies

Driving operational excellence through CBS

Deploying the Crane Business System to drive margin expansion and strong free cash flow

2028

TARGETS

~MSD

Core Growth2

~$2.5B

Revenue1,2

<3x

Net Leverage2

Mid 20's%

Adj. EBITDA

Margin1,2

~100%

Adj. FCF

Conversion2

1 Includes revenue and Adj. EBITDA from potential future acquisitions. Acquisitions expected to be dilutive to margin in the first year.

2 Please see the appendix for Non-GAAP reconciliations and explanations.

APPENDIX

2026 SALES GUIDANCE



SALES Organic1 FX Acquisitions Total2

SAT

+2% to +4%

+1% to +3%

+4% to +5%

+9% to +10%

DTT

0% to +1%

0% to 0%

+21% to +23%

+21% to +23%

Total Crane NXT

+1% to +3%

0% to +2%

+12% to +14%

+15% to +17%

1 Please reference the Non-GAAP reconciliations and explanations in the appendix.

NON-GAAP EXPLANATIONS

Crane NXT reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). This press release includes certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EPS, free cash flow, and Adjusted free cash flow, that are not prepared in accordance with GAAP. These non-GAAP measures are an addition, and not a substitute for or superior, to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP. The Company's management believes that these non-GAAP measures of financial results (including on a forward-looking or projected basis) provide useful supplemental information to investors about Crane NXT. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore the Company's non-GAAP measures may not be directly comparable to similarly titled measures of other companies.

"Special items" are items that are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Special items consist of:

• Transaction related expenses including acquisition related expenses such as incremental professional fees associated with closing and integration of acquisitions.

• Acquired intangible asset amortization.

• Acquisition related adjustments primarily reflect purchase accounting adjustments arising from acquisitions, including fair value step-ups (such as the amortization of acquisition-related inventory). These adjustments include the fair value remeasurement of the Company's equity-method investment in Antares Vision as of the acquisition date, as well as stock-based compensation issued to Antares Vision senior management in connection with the acquisition.

• Restructuring and related costs are predominantly related to severance charges associated with the integration of the DLR and OpSec businesses, and the alignment of DTT's cost structure with existing economic conditions. These costs include formal restructuring programs as well as other discrete actions. Certain costs included in this adjustment are not reported as restructuring charges in the GAAP results due to their immateriality.

  
  
  
  
  NON-GAAP EXPLANATIONS
  
  
  
  

  Reconciliations of certain forward-looking and projected non-GAAP measures, including Adjusted segment EBITDA margin and Adjusted EPS, to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on Crane NXT's future GAAP results. Crane NXT calculates Adjusted segment EBITDA margin and Adjusted EPS as described below.

  
  
  

• "Adjusted Segment EBITDA" excludes net interest expense, tax expense and depreciation and amortization expense from net income, as well as special items. "Adjusted segment EBITDA margin" is calculated as Adjusted segment EBITDA divided by sales.

• "Adjusted EPS" is calculated as Adjusted net income divided by diluted shares. Adjusted net income is calculated as net income excluding special items, the tax effect of these adjustments and other discrete tax items.

  The Company's management believes that each of the following non-GAAP measures provides useful information to investors regarding the Company's financial conditions and operations:

• "Adjusted net income" and "Adjusted EPS" exclude special items, the tax effect of these adjustments and other discrete tax items which are outside of the Company's underlying business performance, some of which may or may not be non-recurring, and which management believes may complicate the presentation of the Company's underlying earnings and operational performance.

NON-GAAP EXPLANATIONS

• "Free cash flow," "Adjusted free cash flow" and "Adjusted free cash flow conversion" provide supplemental information to assist management and investors in analyzing the Company's ability to generate liquidity from its operating activities. The measure of free cash flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company's longterm debt. Free cash flow is calculated as cash provided by operating activities less capital expenditures. Adjusted free cash flow is calculated as free cash flow adjusted for certain cash items which management believes may complicate the interpretation of the Company's underlying free cash flow performance such as certain transaction related cash flow items. Adjusted free cash flow conversion is calculated as Adjusted free cash flow divided by Adjusted net income. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future cash flows that are complementary to GAAP metrics.

• "Adjusted EBITDA" and "Adjusted EBITDA margin" exclude net interest expense, tax expense, depreciation and amortization expense and special items. "Adjusted operating profit (loss)" excludes special items described above that impact operating profit. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics.

• "Net leverage ratio" refers to Net debt divided by trailing twelve months (TTM) pro forma Adjusted EBITDA. "Net debt" represents total debt (excluding deferred financing costs), including acquired debt from Antares Vision acquisition, less cash and cash equivalents. The TTM Adjusted EBITDA includes the Antares Vision TTM Adjusted EBITDA for periods prior to the acquisition. Management believes that these non-GAAP financial measures provide useful information about our ability to satisfy our debt obligations.

• References to "organic," such as "organic sales," exclude currency effects and, where applicable, the first-year impacts of acquisitions and divestitures. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in identifying underlying growth trends in our business and facilitate comparison of our sales performance, for example, with prior and future periods that are complementary to GAAP metrics.

Non-GAAP Financial Measures (unaudited, in millions, except per share data)

NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO.