SFNC -6% to -5% -7% to -6% China market -20% to -15% -20% to -15% TOTAL COMPANY FINANCIAL METRICS Operating margin before charges / gains 16.0% to 17.0% 16.0% to 17.0% Cash flow from operations Around $650 million Around $530 million to $540 million Free cash flow Around $500 million to $520 million Around $400 million to $420 million Cash conversion Around 120% to 130% Around 125% to 135% SEGMENT FINANCIAL METRICS Water Innovations net sales -3% to -1% -3% to -1% Water Innovations operating margin before charges / gains 23.0% to 24.0% 23.0% to 24.0% Outdoors net sales Flat to 2% -2% to Flat Outdoors operating margin before charges / gains 14.0% to 15.0% 13.0% to 14.0% Security net sales -1% to 2% -1% to 2% Security operating margin before charges / gains 16.5% to 17.5% 15.5% to 16.5% OTHER ITEMS Corporate expense $158 million to $160 million $145 million to $155 million Interest expense $114 million to $116 million $114 million to $116 million Other income / (expense) Around $6 million Around $3 million Capex $130 million to $150 million $120 million to $130 million Tax rate 26.5% to 27.5% 26.5% to 27.5% Share count 121.0 million to 121.5 million 121.0 million to 121.5 million For certain forward-looking non-GAAP measures (as used in this press release, net debt to EBITDA before charges / gains, operating margin before charges / gains on a full Company and segment basis, EPS before charges / gains and cash conversion), the Company is unable to provide a reconciliation to the most comparable GAAP financial measure because the information needed to reconcile the non-GAAP financial measure to the GAAP financial measure is unavailable due to the inherent difficulty of forecasting the timing and / or amount of various items that have not yet occurred, including the high variability and low visibility with respect to gains and losses associated with our defined benefit plans, which are excluded from net debt to EBITDA before charges / gains and EPS before charges / gains, and which are included in cash conversion, and restructuring and other charges,

later in the release …

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.