Unassociated Document

Q3 2008 Earnings Call

November 5, 2008

The following information contains forward-looking statements, including forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking
statements include, but are not limited to, statements concerning Colfax's plans, objectives,
expectations and intentions and other statements that are not historical or current facts.  Forward-
looking statements are based on Colfax's current expectations and involve risks and uncertainties that
could cause actual results to differ materially from those expressed or implied in such forward-looking
statements.  Factors that could cause Colfax's results to differ materially from current expectations
include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and
Exchange Commission as well as its Registration Statement on Form S-1 under the caption “Risk
Factors”.  In addition, these statements are based on a number of assumptions that are subject to
change.  This presentation speaks only as of this date.  Colfax disclaims any duty to update the
information herein.

Forward-Looking Statements

Adjusted net income of $12.1 million (28 cents per share), an increase of 34.4%

Net sales of $153.5 million, an increase of 22.4% (organic growth of 14.3%)

Adjusted operating income of $20.3 million, an increase of 21.5%

Adjusted EBITDA of $24.0 million, an increase of 18.6%

Third quarter orders of $173.8 million, an increase of 13.2% (organic growth of 5.7%)

Record backlog of $383.1 million

Well positioned for strong performance

Q3 2008 Highlights

Adjusted net income of $36.2 million (82 cents per share), an increase of 40.6%

Net sales of $445.5 million, an increase of 22.9% (organic growth of 11.8%)

Adjusted operating income of $62.2 million, an increase of 29.5%

Adjusted EBITDA of $73.5 million, an increase of 24.2%

Orders of $542.9 million, an increase of 27.7% (organic growth of 15.7%)

Well positioned for strong performance

YTD 2008 Highlights

____________________

Note: Dollars in millions.

Orders

Backlog

5.7%

Acquisitions

1.4%

FX Translation

6.0%

Total Growth

13.2%

15.7%

2.0%

10.0%

27.7%

Existing
Businesses

Accelerating order and backlog growth

38.8%

5.1%

1.8%

45.7%

Historical Orders & Backlog

% Margin

16.2%

15.7%

Adjusted EBITDA ⁽¹⁾

Revenue

14.3%

Acquisitions

1.0%

FX Translation

7.1%

Total Growth

22.4%

Existing
Businesses

16.3%

16.5%

11.8%

1.3%

9.8%

22.9%

Consistent track record of profitable sales growth

Financial Performance Overview

(1)

Refer to Appendix for Non-GAAP reconciliation.

__________________

Note: Dollars in millions.

Q3 2008 Sales: $153.5 million

Q3 2008 Orders: $173.8 million

Well positioned in five attractive and diverse end markets

Q3 2008 Sales and Orders by End Market

YTD 2008 Sales: $445.5 million

YTD 2008 Orders: $542.9 million

Well positioned in five attractive and diverse end markets

YTD 2008 Sales and Orders by End Market

Q3 2008 Year-Over-Year Results

Orders up 4.1% year-over-year (-3.7% organic growth)

Sales up 31.8% year-over-year (19.5% organic growth)

YTD 2008 Year-Over-Year Results

Orders up 37.5% year-over-year (22.1% organic growth)

Sales up 25.2% year-over-year (11.2% organic growth)

Market Trends

Growth in international trade and demand for bulk commodities and oil
continuing to drive new ship construction

Aging fleet, environmental regulations requiring ship owners to upgrade or
replace ships

Local presence required to effectively serve customers and capture aftermarket
business

Executing strategies to drive profitable sales growth

Colfax Q3 08
Orders Split

22%
Comm.
Marine

Colfax Q3 08
Sales Split

29%
Comm.
Marine

Commercial Marine Market Perspective

Strong product portfolio capable of solving needs of evolving oil & gas market

Colfax Q3 08
Orders Split

17%
O&G

Colfax Q3 08
Sales Split

13%
O&G

Q3 2008 Year-Over-Year Results

Orders up 41.8% year-over-year (36.5% organic growth)

Sales up 3.3% year-over-year (0.7% organic growth)

YTD 2008 Year-Over-Year Results

Orders up 30.4% year-over-year (23.1% organic growth)

Sales down 2.2% year-over-year (-7.6% organic growth)

Market Trends

Capacity constraints and global demand spurring heavy oil exploration,
transport and processing

Customers focusing more on “total cost of ownership” to reduce downtime and
increase efficiency

Application expertise critical to winning large project orders

Oil & Gas Market Perspective

Leading supplier of lubrication solutions to power generation OEMs

Colfax Q3 08
Orders Split

16%
Power
Gen.

Colfax Q3 08
Sales Split

11%
Power
Gen.

Q3 2008 Year-Over-Year Results

Orders up 10.7% year-over-year (4.5% organic growth)

Sales up 23.8% year-over-year (19.3% organic growth)

YTD 2008 Year-Over-Year Results

Orders up 19.2% year-over-year (10.8% organic growth)

Sales up 48.9% year-over-year (37.7% organic growth)

Market Trends

Economic growth in Asia and Middle East driving investment in energy
infrastructure projects

Aging power infrastructure in mature markets creating upgrade projects to
increase efficiency and lower operating costs

Multiple forms of power generation (gas, coal, hydro, nuclear) being employed
to satisfy growing global demand

Power Generation Market Perspective

Developing innovative fluid handling products and systems to drive future growth

Colfax Q3 08
Orders Split

6%
Navy

Colfax Q3 08
Sales Split

5%
Navy

Q3 2008 Year-Over-Year Results

Orders up 45.7% year-over-year (12.0% organic growth)

Sales up 40.2% year-over-year (19.3% organic growth)

YTD 2008 Year-Over-Year Results

Orders up 50.4% year-over-year (17.4% organic growth)

Sales down 2.9% year-over-year (-18.8% organic growth)

Market Trends

New ships replacing older decommissioned vessels in the U.S.

Sovereign navies around the world expanding fleets to address heightened
national security level concerns

Increased demand for integrated fluid handling systems and solutions to reduce
operating costs

Global Navy Market Perspective

Leading supplier of highly engineered fluid handling products and systems with global reach

Colfax Q3 08
Orders Split

Colfax Q3 08
Sales Split

42%
General
Industrial

Q3 2008 Year-Over-Year Results

Orders up 6.8% year-over-year (1.0% organic growth)

Sales up 21.3% year-over-year (14.2% organic growth)

YTD 2008 Year-Over-Year Results

Orders up 20.5% year-over-year (10.7% organic growth)

Sales up 27.9% year-over-year (17.2% organic growth)

Market Trends

Global economic development driving increased capital investment

Developing regions embracing engineered products and solutions that reduce
costs and increase efficiency

Global footprint and channel optimization required to cover broad end market
applications

39%
General
Industrial

General Industrial Perspective

Refer to Appendix for Non-GAAP reconciliation.

__________________

Note: Dollars in millions.

Income Statement Summary

Refer to Appendix for Non-GAAP reconciliation.

__________________

Note: Dollars in millions.

Income Statement Summary

____________________

Note: Dollars in millions.

Statement of Cash Flows Summary

Well Positioned for the Future

Leading Brand Names
Generating Aftermarket

Sales and Services

Experienced Management
Team in Place to Grow
Organically and Through
Strategic Acquisitions

Global Leader in Specialty
Fluid Handling Products

Proven Application

Expertise in Solving

Critical Customer Needs

Serving Fast

Growing Infrastructure

Driven End Markets

CBS-Driven Culture Focused
on Profitable Sales Growth

Appendix

Adjusted net income, adjusted net income per share, adjusted operating income, EBITDA, adjusted
EBITDA, adjusted selling, general and administrative expenses, organic sales growth and organic
order growth are non-GAAP financial measures. Adjusted net income, adjusted net income per share,
adjusted operating income and adjusted EBITDA exclude asbestos liability and defense cost (income)
and asbestos coverage litigation expense, certain legacy legal charges, certain due diligence costs, as
well as one time initial public offering-related costs. Adjusted selling, general and administrative
expenses exclude certain legacy legal charges and certain due diligence costs. Adjusted net income
also reflects interest expense as if the initial public offering (IPO) had occurred at the beginning of
2007 and presents income taxes at an effective tax rate of 34%. Adjusted net income per share
assumes the 44,006,026 shares outstanding at the closing of the IPO to be outstanding since January
1, 2007. Organic sales growth and organic order growth exclude the impact of acquisitions and foreign
exchange rate fluctuations. These non-GAAP financial measures assist Colfax in comparing its
operating performance on a consistent basis because, among other things, they remove the impact of
changes in our capital structure and asset base, non-recurring items such as IPO-related costs, legacy
asbestos issues (except in the case of EBITDA) and items outside the control of its operating
management team.

Disclaimer