Crane NXT : Co. Second Quarter 2023 Presentation

SECOND QUARTER 2023 FINANCIAL RESULTS

August 7, 2023

FORWARD-LOOKING STATEMENTS - DISCLAIMER

This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding Crane NXT, Co.'s (the "Company") intent, belief, or expectations. Words such as "anticipate(s)," "expect(s)," "intend(s)," "believe(s)," "plan(s)," "may," "will," "would," "could," "should," "seek(s)," and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. The Company assumes no (and disclaims any) obligation to revise or update these statements to reflect future events or circumstances. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, it can give no assurance that its expectations will be attained. The Company cautions investors not to place undue reliance on any such forward-looking statements.

Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations that may harm its business, results of operation and stock price; business and economic disruptions associated with extraordinary public health issues such as large-scale health epidemics or pandemics; information systems and technology networks failures and breaches in data security, personally identifiable and other information, non-compliance with its contractual or other legal obligations regarding such information; its ability to source components and raw materials from suppliers, including disruptions and delays in its supply chain; demand for its products, which is variable and subject to factors beyond its control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of its components and raw materials; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect its financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of its business outside the U.S.; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires, or complete dispositions; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position and adversely affect its financial condition, results of operations and cash flow; significant competition in the Company's markets; additional tax expenses or exposures that could affect its financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to the Company's reportable segments; the ability and willingness of Crane NXT, Co. and Crane Company to meet and/or perform their obligations under any contractual arrangements that are entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that the Company expects to achieve from the separation transaction.

Readers should carefully review Crane NXT, Co.'s financial statements and the notes thereto, as well as the section entitled "Risk Factors" in Item 1A of Crane NXT, Co.'s Annual Report on Form 10-K for the year ended December 31, 2022 and the other documents Crane NXT, Co.'s and its subsidiaries file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

This presentation contains non-GAAP financial measures. We have provided additional information regarding these non-GAAP financial measures and reconciliations of those measures to the most directly comparable GAAP measures at the end of this presentation.

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STRONG SECOND QUARTER RESULTS*, RAISING 2023 GUIDANCE

$352M		+6%
Sales		Core Sales Growth

$104M		$1.12
Adj. EBITDA		Adj. EPS

29.6%		26.5%
Adj. EBITDA Margin		Adj. OP Margin

$70M		~1.5x
Adj. Free Cash Flow		Net Debt-to-EBITDA

• Second quarter results ahead of expectations in sales and operating margins
• Crane Payment Innovations (CPI) delivered strong core sales growth of ~8% with significant margin expansion to ~31%
• Crane Currency showed significant improvement vs. prior quarter and exceeded expectations with ~4% core sales growth, ~30% margins, and ~90% backlog growth
• Cash flow performance in line with normal seasonality and on-track for ~100% free cash flow conversion

Raising full-year Adjusted EPS guidance by $0.10 to ~$3.85-$4.15

* Please see Non-GAAP explanation.

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Q2 2023 EARNINGS SUMMARY AND HIGHLIGHTS

Q2 2023

$ Millions, except per-share amounts

As-Reported*

Adjusted*

Key Message:

Sales

Operating Profit

Operating Profit Margin

Net Income (GAAP) / Adj. EBITDA

Net Income Margin (GAAP) /

Adj. EBITDA Margin

Free Cash Flow

$352	$352
$69	$93
19.5%	26.5%
$43	$104
12.3%	29.6%
$55	$70

• Strong core sales growth of 6%

• Strong Q2 margin performance, with

Adjusted Operating Profit Margin >30%

in both segments

• Adjusted free cash flow consistent

with normal seasonality; continue to

expect ~100% free cash flow

conversion in 2023

	Q2 2023
Core Growth	+6.4%
FX Translation	(0.9%)
Total Sales Change	+5.5%

	Q2 2023
Diluted EPS: GAAP	$0.75
Adjustments	$0.37
Diluted EPS: Adjusted	$1.12

• Adjusted EPS of $1.12 ahead of

expectations

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* As-Reported are GAAP results except for free cash flow which is defined as cash provided by operating activities less capital spending. For Adjusted metric definitions, please see non- GAAP Financial Measures tables for details.

CRANE PAYMENT INNOVATIONS (CPI)

		GAAP			Adjusted*
$ Millions, except per-share amounts	Q2 2023	Q2 2022	Change	Q2 2023	Q2 2022	Change
Sales	$226	$211	+7%	$226	$211	+7%
Segment Profit	$65	$51	+26%	$70	$57	+23%
Segment Margin	28.7%	24.3%	+440 bps	31.1%	26.8%	+430 bps
Backlog	$301	$387	(22%)	$301	$387	(22%)

Key Message:

• Continued high-single-digit core growth
• Strong operational execution and operating leverage
• Supply chain continues to improve

	Q2 2023
Core Growth	+8.0%
FX Translation	(1.1%)
Total Sales Change	+6.9%

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