Baird 2019 Global Industrial Conference

Jim Loree | President & CEO

November 6, 2019
Cautionary Statements
This presentation contains “forward-looking statements,” that is, statements that address future, not past events. In this context, forward-looking

statements often address our expected future business and financial performance and financial condition, and often contain words such as:

“expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to

different degrees, uncertain. These statements are based on assumptions of future events that may not prove accurate. They are also based

on our current plans and strategy and such plans and strategy could change in the future. Actual results may differ materially from those

projected or implied in any forward-looking statements. Please refer to our most recent SEC filings, including our 2018 Annual Report on Form

10-K, subsequently filed Quarterly reports on Form 10-Q, as well as our other filings with the SEC, for detailed information regarding factors

that could cause or contribute to actual results differing materially from those expressed or implied in such forward-looking statements. We do

not undertake to update our forward-looking statements. This presentation does not constitute an offer to sell or a solicitation of an offer to buy

any securities of Stanley Black & Decker, Inc. (the "Company"). If the Company were to conduct an offering of securities in the future, it would

be made under an effective registration statement, and a prospectus relating to that offering could to be obtained from the underwriters of that

offering or from the Company.

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A Global Leader With World Class Franchises

STANLEY BLACK & DECKER (NYSE: SWK)

2018 Revenue: $14.0B Market Cap: $22.6B Cash Dividend Yield: 1.8%

Dividend Paid Consecutively For 143 Years; Increased For Past 52 Consecutive Years

Industrial $2.2B
• STANLEY Engineered Fastening
• Infrastructure
Industrial
Tools & Storage $9.8B
Security Tools • Power Tools & Equipment
& Storage • Hand Tools, Accessories & Storage
Security $2.0B
• Commercial Electronic Security
• Mechanical Access

Vision Known For Innovation Continued Top Quartile Performance Social Responsibility

Market Cap & Dividend Yield As Of Market Close 10/28/2019 $152.09

Dividend Yield Based On 3Q’19 Annualized Dividend & Stock Price As Of Market Close 10/28/2019 Baird 2019 Global Industrial Conference 3
Stanley Black & Decker Value Creation Model

Strong, Innovation-Driven Businesses

World Class Brands In Diverse, Global Markets

Attractive Growth Platforms

Powered By:
Scalable, Defensible Franchises
Long Term Financial Objectives
• 4-6% Organic Growth
Differentiable Through Innovation • 10-12% Total Revenue Growth
• Outsized, Capital-Efficient Organic Growth • 10-12% EPS Growth*
• Attractive, Expandable OM Rate • FCF ≥ Net Income
• Outstanding FCF Conversion • 10+ Working Capital Turns
• CFROI In 12-15% Range

Investor-Friendly Capital Allocation

~1/2 Return Cash To
~1/2 M&A Shareholders

World Class Branded Franchises With Sustainable Strategic Characteristics

That Create Exceptional Shareholder Value
*7-9% Excluding Acquisitions | Excludes M&A Related Charges
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Looking Ahead
Growth Catalysts Abound Supporting Margin Expansion
~$300M - $500M By 2022
1

Advanced Analytics
Breakthrough Price/Margin Excellence
Organic

Innovation
2
Next Generation Procurement
eCommerce 3
Revenue Synergies
Supply Chain & Industry 4.0
4
Indirect Spend & Functional Excellence
Inorganic

Technology Enabled | Scalable Framework |

Future M&A Gross & Operating Margin Focus

Continuing To Position Company For Above Market Growth With Operating Leverage

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Q&A
THANK YOU