Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q3 2021 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Oct 28, 2021
Slide 1: Third Quarter 2021 Earnings Conference Call
THIRD QUARTER 2021 EARNINGS CONFERENCE CALL OCTOBER 28, 2021
Slide 2: Forward-Looking Statement / Safe Harbor Statement
F O RWA R D - L O O K I N G S TAT E M E N T SAFE HARBOR STATEMENT This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding the dur
Slide 3: Q3'21 Financial Performance
Q3'21 FINANCIAL PERFORMANCE COMMENTARY GAAP EPS $1.83 $2.02 +10% • Strong growth momentum in six of seven segments +8% - Organic growth of 6% $3.6B - Automotive OEM segment impacted by supply chain related production cuts REVENUE $3.3B • Excellent execution in a very challenging supply and cost envi
Slide 4: Q3'21 Segment Performance: Automotive OEM
Q3'21 SEGMENT PERFORMANCE AUTOMOTIVE OEM Total ITW ITW ex. Auto OEM Total Revenue +8% +12% (9)% (350) bps $714 $647 20.8% Organic Growth +6% +11% 17.3% Operating Income +7% +14% Operating Margin 23.8% 25.2% Q3'20 Q3'21 Q3'20 Q3'21 Total Revenue Operating Margin Operating Margin flat +50 bps Change •
Slide 5: Q3'21 Segment Performance: Food Equipment, Test & Measurement/Electronics
Q3'21 SEGMENT PERFORMANCE FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS +21% +430 bps +13% +310 bps 26.8% $544 23.9% $552 23.7% $489 $449 19.6% Q3'20 Q3'21 Q3'20 Q3'21 Q3’20 Q3’21 Q3’20 Q3’21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 19% • Organic revenue 12% •
Slide 6: Q3'21 Segment Performance: Welding, Polymers & Fluids
Q3'21 SEGMENT PERFORMANCE WELDING POLYMERS & FLUIDS +23% 30.0% +210 bps +4% (240) bps 27.9% $425 26.6% $456 24.2% $346 $438 Q3'20 Q3'21 Q3'20 Q3'21 Q3'20 Q3'21 Q3'20 Q3'21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 22% • Organic revenue 3% • Equipment 25%, Consum
Slide 7: Q3'21 Segment Performance: Construction Products, Specialty Products
Q3'21 SEGMENT PERFORMANCE CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS +5% (30) bps +9% +210 bps 28.1% 27.8% 27.3% $478 $459 25.2% $456 $420 Q3'20 Q3'21 Q3'20 Q3'21 Q3'20 Q3'21 Q3'20 Q3'21 Total Revenue Operating Margin Total Revenue Operating Margin • Organic revenue 3% • Organic revenue 8% • North Ame
Slide 8: 2021 ITW Financial Guidance
2021 ITW FINANCIAL GUIDANCE Excludes previously announced acquisition of MTS Test & Simulation business COMMENTARY GAAP EPS $6.63 $8.30 to $8.50 +25-28% • Expect 2021 organic growth of 11 to 12% - Foreign currency translation favorability of 2% +13-14% $14.2B • GAAP EPS guidance updated due to lower
Slide 9: Q&A
Q&A 9