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November 6, 2025 THIRD QUARTER 2025 FINANCIAL RESULTS
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FORWARD-LOOKING STATEMENTS – DISCLAIMER 2 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 the Company's 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: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, and delays in the distribution of its products; information systems and technology networks failures, breaches in data security, theft of personally identifiable and other information, and non-compliance with its contractual or other legal obligations regarding such information; risks associated with conducting a substantial portion of its business outside the U.S.; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires; governmental regulations and failure to comply with those regulations; risks from litigation, claims and investigations, including those related to product liability and warranties, and employee, commercial, intellectual property and environmental matters; risks related to its ability to improve productivity, reduce costs and align manufacturing capacity with customer demand; the ability to protect its intellectual property; significant competition in the Company's markets; adverse impacts from intangible asset impairment charges; additional tax expenses or exposures; inadequate or ineffective internal controls; and risks related to the Separation, including not obtaining the intended tax treatment of the Separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company. 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, 2024 and the other documents Crane NXT, Co. 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. Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide, and percentages may not precisely reflect the absolute figures.
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KEY HIGHLIGHTS 3 1 Please see the appendix for Non-GAAP reconciliations and explanations. 2 ARR = Annual Recurring Revenue Q3 performance in-line with expectations Building momentum in key strategic areas Expanding market-leading positions Updating full-year Adj. EPS1 guidance • Signed agreement to acquire Antares Vision, expanding technology solutions to life sciences and food & beverage markets • Migrating customers to micro-optics in Authentication • Sales growth of ~10%; Adj. EPS1 of $1.28 • ~115% Adj. Free Cash Flow conversion1 • Increasing production in International Currency to meet strong customer demand, booking orders into 2027 • Expect ~HSD growth in US Currency business in 2026 • CPI Service adding new customers, growing ARR2 at ~MSD • Ongoing softness in CPI short cycle businesses, maintaining margin through disciplined pricing, productivity, and cost actions • Full year Adj. EPS1 guidance narrowed to $4.00 to $4.10 Navigating tariff and macro environment
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4 Regulatory review in process, transaction on-track to close in 1H 2026 ~€200M 2024 Revenue1 ~15% 2024 Adj. EBITDA Margin1 ~MSD Revenue Growth2 ~1,200 Employees Equipment ANTARES VISION OVERVIEW Services Advanced inspection and detection systems to ensure quality and enable tracking of products through the supply chain Field and remote capabilities for new equipment commissioning and ongoing service Global leader in detection, inspection, and track & trace technologies Software Track and trace software to ensure safety and authenticity of products 1 Antares Vision Annual Financial Report as of December 31, 2024. 2 Reflects Crane NXT's internal estimates. See "Forward-Looking Statements – Disclaimers" for more information regarding expected future contribution of the acquired business.
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US CURRENCY OUTLOOK Launch of new series on-track for 2026; decade-long growth tailwind 5 1 US Federal Reserve Federal Reserve Board 2026 currency print order. 2 US Bureau of Engraving and Printing (BEP) public disclosures. • Expecting ~HSD revenue growth in US Currency in 2026 • ~90% increase in volume of higher denomination banknotes expected ($10, $20, $50, $100)1 • Partially offset by reduction in volume of lower denomination banknotes ($1, $2, $5) • All equipment upgrades completed for new US currency series; manufacturing fully operational • Full scale production of $10 banknote expected to begin in mid-2026 ahead of public launch • Significant progress on design of new $50 banknote Paper Micro-Optics Current Technology Supplied by Crane Currency 2026 2028 2030 2032 2034 Launch of New Design2
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Q3 2025 RESULTS SUMMARY Q3 2025 Q3 2024 $ Millions, except per- share amounts GAAP Adjusted1 GAAP Adjusted1 Sales $445 $445 $404 $404 Segment Operating Profit $100 $123 $94 $109 Segment OP Margin 22.5% 27.6% 23.3% 27.1% Net Income $51 $74 $47 $67 Free Cash Flow $85 $59 EPS $0.87 $1.28 $0.81 $1.16 6 1 Please see the appendix for Non-GAAP reconciliations and explanations. Q3 2025 Core Growth1 1.4% FX Translation 1.9% Acquisitions 7.0% Total Sales Change +10.3% • Sales growth of ~10%, driven by acquisitions and continued strong performance in International Currency • Adj. Segment Operating Profit Margin 1 up ~50 bps YOY reflecting higher volume and improved mix • Free Cash Flow conversion 1 of ~115%, expect to be in range of ~90%-110% for the full year • Adjusted EPS1 of $1.28, in line with expectations
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CRANE PAYMENT INNOVATIONS – Q3 RESULTS GAAP Adjusted1 $ Millions Q3 2025 Q3 2024 Change Q3 2025 Q3 2024 Change Sales $ 216 $ 225 (3.8%) $ 216 $ 225 (3.8%) Segment Operating Profit $61 $ 65 (6.0%) $ 67 $ 70 (4.0%) Segment Operating Margin 28.1% 28.7% (60bps) 31.1% 31.1% 0bps Backlog $109 $133 (18.0%) $109 $ 133 (18.0%) Q3 2025 Core Growth1 (4.5%) Acquisitions 0.0% FX Translation 0.7% Total Sales Change (3.8%) • Double-digit growth in gaming YOY offset by softness in other end markets, primarily vending • Strong margin at ~31% reflecting benefits of cost reduction measures, pricing and productivity • Reduced backlog reflects ongoing end market softness in vending and hardware 1 Please see the appendix for Non-GAAP reconciliations and explanations.7
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SECURITY AND AUTHENTICATION TECHNOLOGIES – Q3 RESULTS GAAP Adjusted1 $ Millions Q3 2025 Q3 2024 Change Q3 2025 Q3 2024 Change Sales $ 229 $ 179 28.1% $ 229 $ 179 28.1% Segment Operating Profit $ 39 $ 29 34.1% $ 56 $ 39 42.3% Segment Operating Margin 17.2% 16.4% 80bps 24.4% 21.9% 250bps Backlog $ 448 $ 351 27.4% $ 448 $ 351 27.4% Q3 2025 Core Growth1 8.8% Acquisitions 15.8% FX Translation 3.4% Total Sales Change +28.1% • Core sales1 growth of ~9% driven by volume growth and favorable product mix • Margin improvement of ~250 bps reflects impact of acquisitions and strong operational performance in Currency • Continued high backlog, book-to-bill of ~1 1 Please see the appendix for Non-GAAP reconciliations and explanations.8
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BALANCE SHEET AND CAPITAL STRUCTURE On-track for adj. free cash flow of ~90% to ~110% for 2025 1 Please see the appendix for Non-GAAP reconciliations and explanations.9 Free Cash Flow Q3 2025 Cash Provided from Operating Activities $92 Capital Expenditures ($13) Free Cash Flow $79 Adjusted Free Cash Flow1 $85 Debt Q3 2025 Total Debt $1,094 Less: Cash $182 Net Debt $911 Net Leverage Ratio1 ~2.3X ~$520M Undrawn Revolver ~$180M Cash ~$350M 4.2% notes due 2048 ~$200M 6.55% notes due 2036 ~$360M Term Loan ~$700M ~$1,090M Gross Debt Liquidity Net leverage ratio1 of ~2.3x (September 30, 2025) ~$180M Revolver
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2025 UPDATED GUIDANCE Updating adj. EPS1 guidance range to $4.00 to $4.10 10 Prior Guidance2 Updated Guidance Crane NXT Sales Growth +6% to +8% +9% to +11% CPI segment sales growth -2% to 0% -4% to -2% SAT segment sales growth +19% to +21% +27% to +29% Adjusted Segment Operating Margin1 ~25.5% to ~26.5% ~25% Corporate Expense ~$55 ~$55 Non-Operating Expense ~$54 ~$54 Adjusted Tax Rate ~21.5% ~21.5% Diluted Shares ~58 million ~58 million Adjusted EPS1 $4.00 to $4.30 $4.00 to $4.10 Adjusted Free Cash Flow Conversion1 ~90% to ~110% ~90% to ~110% 1 Please see the appendix for Non-GAAP reconciliations and explanations. 2 Prior 2025 guidance provided on August 6, 2025. • Increasing full year sales growth to +9% to +11% on strength of International Currency • CPI outlook reduced as customers continuing to navigate tariff and macro uncertainty • Adj. Segment Operating Margin 1 reflects flow through of lower CPI volume • No change to corporate and non- operating expense • Free Cash Flow conversion 1 on track to achieve range of ~90% to ~110%
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CONCLUDING REMARKS Positioned to accelerate growth in 2026 11 • Q3 performance in-line with expectations • Building momentum in strategic growth areas • International Currency backlog continues at record-high levels, increasing production to accelerate growth and meet continued strong customer demand • US Currency expected to grow at ~HSD in 2026 with improved mix; new $10 bill production expected to start in mid-2026 • Authentication integration on-track, migrating customers to micro-optics technology • CPI Service continues to grow ARR at ~MSD • Signed agreement to acquire Antares Vision, expanding reach to life sciences and food & beverage end markets • Announcing Investor Day on February 25, 2026, in New York City
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Q&A
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APPENDIX
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2025 UPDATED SALES GUIDANCE – ORGANIC VS. TOTAL1 14 Crane NXT Sales Core2 FX Acquisitions Total NXT CPI -4.5% to -2.5% 0% to +1% -4% to -2% SAT +3% to +5% +2% to +4% +20% to +22% +27% to +29% Total Crane NXT -1% to 0% +1% to +2% +8% to +10% +9% to +11% 1 Figures presented represent approximations and do not sum due to rounding. 2 Please see the appendix for Non-GAAP reconciliations and explanations.
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NON-GAAP EXPLANATIONS 15 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 operating profit, Adjusted operating 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. Reconciliations of certain forward-looking and projected non-GAAP measures, including Adjusted segment operating 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 operating margin and Adjusted EPS as described below. "Special items impacting operating profit" 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 impacting operating profit includes acquired intangible asset amortization, restructuring charges, impact of acquisition related fair value step-up, and transaction related expenses. • "Adjusted segment operating margin" is calculated as Adjusted segment profit divided by sales. Adjusted segment profit is calculated as segment profit excluding special items impacting operating profit. • "Adjusted EPS" is calculated as Adjusted net income divided by diluted shares. Adjusted net income is calculated as net income excluding special items impacting operating profit, the tax effect of these adjustments and other discrete tax items.
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NON-GAAP EXPLANATIONS 16 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 operating profit" and "Adjusted operating margin" add back to operating profit special items impacting operating profit which are outside of the Company's core performance, some of which may or may not be non-recurring, and which management believes may complicate the interpretation of the Company’s underlying earnings and operational performance. • "Adjusted net income" and "Adjusted EPS" exclude special items impacting operating profit, the tax effect of these adjustments and other discrete tax items which are outside of the Company's core 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. • “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 long-term 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 and depreciation and amortization expense from net income, as well as special items impacting 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) Adjusted EBITDA. "Net debt" represents total debt (excluding deferred financing costs) less cash and cash equivalents. Management believes that these non-GAAP financial measures provide useful information about our ability to satisfy our debt obligation with currently available funds.
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NON-GAAP EXPLANATIONS 17 • References to "core," such as "core 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. Impact of acquisition related fair value step-up includes acquisition related inventory step-up amortization and fixed asset step-up depreciation. Transaction related expenses include acquisition related expenses such as incremental professional fees associated with closing and integration of acquisitions, and expenses associated with the Separation in prior periods. Restructuring charges predominantly relates to severance charges associated with the integration of the DLR and OpSec businesses, and the alignment of CPI's cost structure with existing economic conditions.
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NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. 18 Non-GAAP Financial Measures (unaudited, in millions except per share data) Totals may not sum due to rounding.
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NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. 19 Non-GAAP Financial Measures by Segment, Third Quarter (unaudited, in millions) Totals may not sum due to rounding.
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NON-GAAP FINANCIAL MEASURES FOR CRANE NXT, CO. 20 Free Cash Flow, Net Leverage Ratio (unaudited, in millions) 1 Represents cash paid for transaction related expenses. *Please see the Non-GAAP Financial tables in this release. *Please refer to the Non-GAAP Financial Measures tables in prior quarter releases and in this release.