Trimble Inc. · NASDAQ:TRMB
Trimble — Q1 2020 Earnings Presentation
13 slides from Trimble's earnings presentation, May 6, 2020
Slide 1: Trimble First Quarter 2020 Results Summary
Trimble First Quarter 2020 Results Summary
Slide 2: Key Messages
Key Messages Trimble is an essential business, and our response to COVID-19 is to lead with a set of first 1 principles that puts employee health and safety first 2 First quarter results exceeded expectations 3 Balance sheet and liquidity remain strong, and we will ensure unrestricted access to liqu
Slide 3: Essential business and COVID-19 response based on first principles
Trimble is an essential business, and our response to COVID-19 is to lead 1 with a set of first principles that puts employee health and safety first First principles based Trimble is essential and Employee health and leadership to manage the open for business safety comes first business ▪ Transport
Slide 4: Our team is helping our customers and our communities
1 Our team is helping our customers and our communities Helping our customers Helping our communities ▪ Free trucking apps which allow drivers to see which truck ▪ Cityworks is making freely available to stops and rest areas are open and what amenities are municipal customers and non- available cust
Slide 5: First quarter results exceeded expectations
2 First quarter results exceeded expectations $M, Except Per Share First Quarter of ▪ Non-GAAP Revenue: -1% y/y; Non-GAAP Income Statement Highlights 2019 2020 Y/Y Change – Organic -2% Revenue $804.5 $794.0 -1% – Currency translation -1% Gross Margin % of Revenue 58.0% 59.1% +110 bps – Acquisitions/
Slide 6: First quarter results exceeded expectations
2 First quarter results exceeded expectations Q1’20 Q1’20 Operating $M Revenue & Y/Y Q1’20 Overall Dynamics Growth Income $ / % Late Quarter Trends ▪ Recurring revenues continuing ▪ (+) Growth in civil hardware and architecture & design Buildings & $296.9, +1% $60.8 ▪ (+) ARR growth and retention to
Slide 7: Balance sheet and liquidity remain strong, and we will ensure access to liquidity
Balance sheet and liquidity remain strong, and we will ensure 3 access to liquidity Compelling cash flow profile Staggered debt maturity $M, Except Per Share First Quarter of Debt Stack Maturity Balance Sheet & Cash Flow Y/Y $225 million Term Loan 2022 2019 2020 Highlights Change $300 million Senior
Slide 8: Business more resilient than any point in Trimble history
Business more resilient than any point in Trimble history – 4 diversification of business models, geographies, end-markets Buildings & Infrastructure ▪ Transformed to include building construction software Resources & Utilities ▪ Diversified ag geographic end markets ▪ Grew utilities and forestry Tr
Slide 9: We have taken capital, cost, and supply chain actions to fortify the business
We have taken capital, cost, and supply chain actions to 5 fortify the business Capital allocation Cost management Supply chain ▪ Suspended share repurchases ▪ Pay and hours reduction ▪ Recovered from disruption to ▪ Suspended significant ▪ Reduced variable and our Chinese suppliers acquisitions dis
Slide 10: Suspending guidance until economies further open and end-markets stabilize
While we have visibility into aspects of the business, we are suspending 6 guidance until economies further open and end-markets stabilize Visibility - Second Quarter 2020 P&L Visibility Industry Dynamics Supply Reporting segment Positive dynamics Points of Uncertainty ‒ Supply chain visibility to
Slide 11: Executing core elements of our long term strategy - Connect & Scale 2025
We have positioned ourselves to remain focused on executing core 7 elements of our long term strategy - Connect & Scale 2025 Strategy Execution ▪ Accelerate business model ▪ Civil construction launched Trimble Platform as a Service - technology assurance transformation offering that blends machine c
Slide 12: Forward-looking statements
Forward-looking statements Certain statements made in this presentation and any subsequent Q&A period are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation
Slide 13: Q&A
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