December 8, 2015
D. A. Davidson 7th Annual Aerospace & Industrials 1-1 Conference Boston, Mass Standex Engineering Technologies Group
Engineering Technologies
Company History
Spincraft; North Billerica, MA Acquired by Standex 1968
Spincraft; New Berlin, WI Acquired by Standex 1969
Spincraft; Newcastle, UK Acquired by Standex March 2011
Enginetics; Huber Heights, OH Acquired by Standex September 2014
Enginetics; East Lake, OH Acquired by Standex September 2014
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Engineering Technologies
The Engineering Technologies Group serves a variety of end markets
4
Aviation Defense Energy Space Medical & Eng. Products
30% 29%
3%
8%
27%
3%
Aviation
Eng. Products
Space
Medical
Energy
Defense
ETG Sales – FY2015 Total = $97M
Engineering Technologies
What We Do
Standex Engineering Technologies
Group uses traditional and
alternative metal forming processes
to manufacture cost effective
solutions for customers on their
advanced designs in the aviation,
space, defense, and energy markets.
The team establishes deep
organizational relationships that
enable ETG to assist the OEMs and
Tier 1 customers in reducing costs
across an unmatched range of
formed sizes, shapes, and alloys,
through the use of conventional and
innovative methods across a range
of specialty equipment.
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Engineering Technologies Standex Operating Model
Common Thread Driving Growth at Standex is
“Customer Intimacy”
How We Compete in the Marketplace
+ =
DELIVER
Deliver solutions
using our global
supply chain,
customer service
and support
SOLVE
Apply our unique
engineering and
process abilities to
create options and
test them for selection
of best solution
PARTNER
Develop deep
understanding of
problems and
opportunities
customer faces
PARTNER
+SOLVE = DELIVER
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Engineering Technologies
Develop Single-Piece Launch Vehicle Tank Domes
Challenge
• Vehicle mass & cost
• 4-6 stretch-formed gore panels
• Multiple forged rings & extensive welding
• Heavy joints to compensate for welds
Spincraft Solution:
• Single-piece spin formed construction
• Integrally machined attachment components.
Benefits:
• Lighter tank provides a 1:1 payload increase
• 100% reduction in welding & associated NDE
• Shorter lead time
Boeing SLS Caps
ULA Tank Domes
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Engineering Technologies
We offer a variety of aircraft engine solutions
Inlet Fan Cases
Blade Covers
Blade Retainers
Fan Duct
Assembly
Metal Fan Cases
Nacelle Lip-skin Lipskin Inlet
Compressor &
Combustor Components Combustion Deflectors
Combustion Domes
Dome Deflectors
Heat Shields
LPT / HPT Seals
LPT / HPT Shrouds
Manifolds
Vane Assemblies
Low Pressure &
High Pressure Turbine s
Exhaust Systems & Assemblies
Augmentor Flaps & Seals *
Exhaust Flange
Exhaust Plug & Nozzle
Assembly
Flame Holders * * not shown, on military aircraft only
Fan Components Twisted Vanes
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Engineering Technologies
Spincraft Market Solutions
Net and Near-Net
Forming Sucesses
Airbus A320 Plug & Nozzle - GTF
Airbus A320 Neo Lipskin – GTF
Airbus A320 Neo Lipskin - LEAP
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Engineering Technologies
Enginetics Market Solution
Challenge:
Develop a Manufacturing Process to Produce Complex 3D Components from a new Aluminum Alloy that could be Industrialized to Support Customer Volumes
Enginetics Solution - Aluminum Stretch Forming
Utilized Forming Process Simulations for Tool Design & Process Development
Characterized & Fixed Forming Parameters for the New Aluminum Alloy
Benefits
Developed Manufacturing Process for Complex Shape
Reduced Tool Design Iterations
Reduced Development Lead Time
Industrialized Process with Minimum Investment
Provide Turnkey Competitive Solution for the Customer
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Engineering Technologies
Enginetics Market Solution
Challenge:
Develop a Manufacturing Process to Cold Form 3.1mm INCO 718 that could be Industrialized to Support Customer Volumes
Enginetics Solution - Cold Forming of Inconel: “Closed Loop Forming”
Utilized Forming Process Simulations for Tool Design & Process Development
Characterized & Fixed Forming Parameters
Benefits
Developed Manufacturing Process
Reduced Tool Design Iterations
Reduced Development Lead Time
Industrialized Process with Minimum Investment
Provide Turnkey Competitive Solution for the Customer
Part from New Press after latest Closed Loop
Parts from New Press
Parts from “Original Die” pre Closed Loop
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Engineering Technologies
Enginetics Market Solution
Challenge:
Reduce Cost on Nine (9) Piece Part Family Produced using a Rolled & Welded Cylinder and Flange
Enginetics Solution - High Pressure Hydroforming (1,400 Bar)
Developed Hydro Forming Process to Produce the Parts with an Integrated Flange
Benefits
Eliminated Assembly Tasks
Reduced Machining Hours by 30%
Applied across the Part Family
Industrialized Process on Existing Equipment
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Engineering Technologies
Engineering Technologies has been selected as a supplier on the next generation of aviation engines
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0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2017
1,499
1,431
1,374
1,646
2029
1,661
2030
1,667
2031
1,692
2032
1,708 1,724
2028
2013
2014
2015
2019
2021
2020
1,267
1,513
1,422
1,542
2022
2016
1,528 1,556
2023
1,571
2024
1,586
2018
1,600
2026
1,615
2027
1,630
2025
Commercial Aircraft Delivery Forecast 2013-2032
ETG Key Program Wins
Customer Product Aircraft / Engine
Program
UTAS Lipskins
A320NEO/GTF
C Series
MRJ
Airbus Lipskins A320NEO/Leap
Senior
Aerospace
Plug &
Nozzle A320NEO/GTF
Pratt &
Whitney
Aircraft
Fan Covers A320NEO/GTF
C Series/GTF
GE Various
components
Leap Engines
GE9X Engine
Engineering Technologies
Engineering Technologies is strategically investing to focus on the Aviation market
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0%
5%
10%
15%
20%
25%$120M
$100M
$80M
$60M
$40M
$20M
$0M
FY2015* FY2014 FY2013 FY2012 FY2011*
Sales
OI % Adj.
*Excludes purchase accounting adjustment
ETG Sales & Adjusted OI% FY2011-FY2015
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY2016 FY2015 FY2014 FY2013 FY2012 FY2011
Other Medical Energy Space Aviation
ETG Sales by End Market FY2011-FY2016
• FY16 Operating Income is expected to be lower
than FY15 as energy markets remain soft and
investments are made to prepare for growth in
Aviation in FY17 and beyond
• Increasing mix of Aviation sales is the result of
recent program wins and offsets declining
markets in Medical and Energy