Vontier Corporation (NYSE:VNT) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET Company Participants Ryan Edelman - Vice President-Investor Relations Mark Morelli - President & Chief Executive Officer Anshooman Aga - Senior Vice President & Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Partners Julian Mitchell - Barclays David Raso - Evercore ISI David Ridley-Lane - Bank of America Joe Ritchie - Goldma ...

NONTIER 1 First Quarter 2022 Earnings Release May 5, 2022 2 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by their u ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-39483 ________________________________________________ VONTIER CORPORATION (Exact name ...

Financial Data and Key Metrics Changes - For the full year 2021, adjusted earnings per share (EPS) was $2.88, reflecting a 17% increase driven by 6% sales growth, including 7.4% core revenue growth and 160 basis points of adjusted core operating margin expansion [7][8] - Adjusted net earnings for Q4 2021 were $141 million, a decrease of 4% from $147 million in the prior-year period, translating to adjusted net earnings per share of $0.83 [21] - Adjusted operating profit for Q4 was $194 million, a decrease of 3% compared to the prior year, primarily driven by lower revenue volumes [23] Business Line Data and Key Metrics Changes - eMobility Technology's core revenue declined 11%, reflecting a low double-digit decline at TBR, while the acquisition of DRB contributed high-teen sales growth [25][26] - Core revenue growth in the Diagnostics and Repair Technologies platform was 2%, driven by low single-digit growth at Matco, despite supply and labor constraints [27] - The mobility technologies total revenue declined 4.5% in Q4, with DRB's performance being a highlight [26] Market Data and Key Metrics Changes - Developed markets core revenue declined mid-single-digits due to EMV impacts in North America, while high-growth markets saw a decline of about 20% compared to mid-teens growth in the prior-year Q4 [28] - The company remains confident in long-term growth opportunities in regions such as India, the Middle East, Africa, and Latin America [28] Company Strategy and Development Direction - The company is focused on portfolio diversification and has committed to invest over $500 million in energy transition initiatives over the next five years [13][14] - The acquisition of Driivz, a provider of EV charging and energy management software, is part of the strategy to capitalize on global EV charging growth [14] - The company anticipates a full-year 2022 adjusted diluted net EPS guidance range of $3.05 to $3.15, reflecting core revenue growth expectations of low to mid-single digits [17][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to offset EMV headwinds and expects earnings and cash flow growth through this period [19][35] - The company is optimistic about underlying demand for its solutions and order growth, despite supply chain challenges [35] - Management noted that supply chain impacts are expected to improve in the second half of the year [20] Other Important Information - The company achieved adjusted free cash flow conversion of 96% for the year, with a cash balance of $573 million at the end of Q4 [8][25] - The company is committed to reducing greenhouse gas emissions by 45% by 2030 and achieving net zero by 2050 [11] Q&A Session Summary Question: Clarification on EMV revenue trajectory - Management clarified that EMV revenue was in the low $600 million range for 2021, with a projected decline of $25 million to $50 million in 2022 and a further decline of $300 million to $350 million in 2023 [43][44] Question: Expectations for 2022 growth - Management indicated that they expect low-to-mid single-digit growth for 2022, driven by improvements in supply chain and backlog [60][61] Question: Pricing actions in Q4 and expectations for 2022 - Management reported a price increase of approximately 3% in Q4 and anticipates continued pricing for inflation in 2022 [67][68] Question: Capital redeployment discussions - Management acknowledged the dislocation of value in the stock and indicated that share repurchase and M&A opportunities are not mutually exclusive [75][76] Question: Status of Tridium commercial agreement - Management confirmed that the lock-up for Tridium ends in July and expressed support for Tridium's value proposition [86] Question: Margin expansion at Teletrac Navman - Management attributed the 200 basis points margin expansion to improvements in churn and repositioning for profitable growth [89]

Q3 2021 Financial Performance - Revenue increased to $769 million from $747 million, a 2.9% total growth[11] - Core revenue growth was 0.8%[9, 11] - Adjusted Diluted Net EPS remained at $0.80[9, 11] - Adjusted Core Operating Margin Expansion was +70 bps[9, 11] - Adjusted Gross Margin Expansion was +90 bps[9, 11] Free Cash Flow - Adjusted Free Cash Flow was $119 million, a 45% decrease[16] - Adjusted Free Cash Flow conversion was 87% of Adjusted Net Earnings[16] - Year-to-date Adjusted Free Cash Flow was $320 million, a 22% decrease[16] - Year-to-date Adjusted Free Cash Flow conversion was 92% of Adjusted Net Earnings[16] FY21 Outlook - FY21 Adjusted EPS guide raised to $2.82 - $2.86, including $0.04 to $0.05 from DRB[9] - Expect Adjusted EPS growth excluding EMV > +20%[9]

NONTIER 1 Second Quarter 2021 Earnings Release August 6, 2021 2 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by the ...

NONTIER" Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference May 20, 2021 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings ...

Financial Data and Key Metrics Changes - Adjusted earnings per share (EPS) for Q1 2021 was $0.63, a 43% increase year-over-year, exceeding guidance by $0.08 [9][20] - Adjusted net earnings for Q1 were $108 million, up 44% from $75 million in the prior year [20] - Core revenue growth in Q1 was 14.3%, driven by approximately 15% growth in non-EMV sales [21] - Adjusted operating profit for Q1 was $151 million, a 41% increase compared to the prior year [22] - Adjusted free cash flow for Q1 was $156 million, representing a conversion rate of 145% [23] Business Line Data and Key Metrics Changes - Mobility Technologies saw core revenue growth of 12.7%, primarily due to mid-teens growth in GVR [26] - Diagnostics and repair technologies platform experienced core revenue growth of 18.6%, driven by strong demand at Matco [27] - High-growth markets grew more than 25% year-over-year, with significant contributions from India and Latin America [21][28] Market Data and Key Metrics Changes - Developed markets grew low double-digits, with mid-teens growth in North America, partially offset by softness in Western Europe [28] - High-growth markets showed strong growth, particularly in India and Mexico [21][28] Company Strategy and Development Direction - The company is focusing on profitable growth initiatives and operational milestones, leveraging the Vontier Business System (VBS) [10][38] - There is a commitment to M&A as a top priority for capital deployment, with a healthy pipeline of non-ICE targets [54][57] - The company is navigating supply chain constraints and inflationary pressures while maintaining a focus on integrity and employee support [14][15][16] Management's Comments on Operating Environment and Future Outlook - Management raised full-year 2021 adjusted diluted net EPS guidance to $2.55 - $2.65, reflecting expectations for low to mid-single-digit core revenue growth [17] - The company anticipates continued challenges with supply chain and inflation but remains confident in managing these headwinds [15][32] - Management expects first-half adjusted EPS growth of approximately 40%, offset by a decline in the second half [36] Other Important Information - The company closed on $1.6 billion of senior notes at an average interest rate under 2.5%, improving its debt structure [24] - Net leverage decreased to 1.9 times from 2.2 times at the end of 2020, positioning the company favorably for M&A [25] Q&A Session Summary Question: Insights on second half 2021 expectations - Management indicated improved top-line visibility due to growth initiatives and better traction in high-growth markets, leading to a slight increase in second half expectations [44][46] Question: Impact of COVID in high-growth markets, particularly India - Management acknowledged the tragic situation in India but remains optimistic about growth in other high-growth markets [48] Question: M&A pipeline details - The company has a healthy pipeline focused on non-ICE targets, with opportunities in retail solutions and smart cities [53][54] Question: EMV backlog and its impact - Management confirmed the backlog remains strong, with expectations of a year-over-year decline impacting the second half of the year [62][65] Question: Margin outlook and restructuring charges - Management expects a significant step-up in second half profitability, with restructuring charges anticipated to be around $20 million for the year [71] Question: Supply chain constraints and inventory management - Management is looking to rebuild inventory while navigating supply chain pressures, indicating a desire for more inventory in the system [126]

NONTIER® 1 First Quarter 2021 Earnings Release May 6, 2021 2 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the "Company's") business and acquisition opportunities, anticipated revenue growth, anticipated operating margin expansion, anticipated cash flow, and anticipated earnings growth, and any other statements identified by their ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR Washington, D.C. 20549 ________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-39483 ________________________________________________ VONTIER CORPORATION (Exact name ...