Slide 1: Fourth Quarter and Full Year 2021 Results Summary
Trimble Inc. Fourth Quarter and Full Year 2021 Results Summary © 2021 Trimble, Inc - All Rights Reserved - Confidential and Proprietary Information
Slide 2: Fourth quarter and full year 2021 highlights
Fourth quarter and full year 2021 highlights ▪ Outperformed expectations in the quarter ▪ Strong demand, revenue, ARR and EBITDA growth despite supply chain challenges Key ▪ Focused and well positioned to execute on Connect & Scale 2025 strategy Messages ▪ Market conditions remain net positive ▪ Cap
Slide 3: Trimble Operating System highlights
Trimble Operating System highlights Trimble Operating Proof Points System ▪ Acquisition of AgileAssets - aligned with Infrastructure bill opportunity in USA ▪ Increasing our ambitions in sustainability: committed to science-based emissions reduction targets in line with Paris Strategy Agreement and
Slide 4: Fourth quarter 2021 financial summary
Fourth quarter 2021 financial summary $M, Except Per Share Fourth Quarter of Non-GAAP Highlights 2020 2021 Y/Y Change ▪ Revenue: +12% y/y; Revenue $830.0 $926.0 +12% – Organic +14% Gross Margin % of Revenue 59.4% 57.8% -160bps – Currency translation -1% Adjusted EBITDA $216.5 $222.9 +3% – Divestitur
Slide 5: Fiscal year 2021 financial summary
Fiscal year 2021 financial summary $M, Except Per Share Fiscal Year Non-GAAP Highlights 2020 2021 Y/Y Change ▪ Revenue: +16% y/y; Revenue $3,152.0 $3,659.4 +16% – Organic +16% Gross Margin % of Revenue 59.1% 58.3% -80bps – Currency translation +1% Adjusted EBITDA $798.7 $936.9 +17% – Divestitures -1
Slide 6: Fourth quarter revenue trends by type and geography
Fourth quarter revenue trends by type and geography Recurring Revenue Streams Q4’2021 Non-GAAP Revenue by Geography $ Billions Fourth Quarter of Rest of World Y/Y $58m, +12% 2020 2021 Change Annualized Recurring Revenue (ARR) $1.30 $1.41 +9% Asia-Pacific Organic ARR Growth +12% $118m, +5% Non-Recurr
Slide 7: Financial metric highlights
Financial metric highlights Annualized recurring revenue Approx. $1.8B backlog ≈$1.41B (+9% growth, +12% organic) TTM research & development $2.01B in TTM software, services 14.7% of TTM non-GAAP revenue and recurring non-GAAP revenue (>65% of R&D in software) Net working capital +3% Deferred Revenu
Slide 8: Fourth quarter 2021 segment results
Fourth quarter 2021 segment results Q4’21 Q4’21 $M Non-GAAP Revenue Non-GAAP Operating Q4’21 Commentary & Y/Y Growth Income $ / % ▪ Revenue growth strong in all regions in civil construction, despite continued supply $365.1, +14% Buildings & $110.6 chain challenges (+16% organic, -1% FX, Infrastruct
Slide 9: 2022 Outlook
2022 Outlook ▪ Key planning assumptions ‒ Expecting continued strong demand across our end markets ‒ Supply environment to remain challenged with cost inflation impacting gross margins through at least 1H22 ‒ Outlook excludes impact of future acquisitions and divestitures $M 2021 2022 Commentary ▪ O
Slide 10: 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