Rockwell Automation, Inc. · NYSE:ROK

Rockwell Automation — Q1 2015 Earnings Presentation

15 slides from Rockwell Automation's earnings presentation, Jan 28, 2015

  1. Slide 1: Fiscal Year 2015 First Quarter Conference Call

    Fiscal Year 2015 First Quarter Conference Call January 28, 2015 Copyright © 2015 Rockwell Automation, Inc. All Rights Reserved.

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement  This presentation includes statements related to the expected future results of the company and are therefore forward-looking statements. Actual results may differ materially from those projections due to a wide range of risks and uncertainties, including those that are liste

  3. Slide 3: Fiscal 2015 First Quarter Highlights and Full Year Outlook

    Fiscal 2015 First Quarter Highlights and Full Year Outlook Q1 Results  Organic sales up 2% year over year  Architecture & Software up 5%; Logix sales up 7%  Latin America growth robust at 18%  Operating margin of 22.0%, up 140 bps YOY  Adjusted EPS of $1.64, up 12%  Free Cash Flow of $233M Ful

  4. Slide 4: Key Financial Information: First Quarter

    Key Financial Information: First Quarter (in millions, except per share amounts) Q1 2015 Q1 2014 YOY B/(W) Sales $ 1,574 $ 1,592 (1.1)% Segment Operating Margin 22.0% 20.6% 140 bps General Corporate - Net $ 23 $ 22 $ (1) Adjusted EPS $ 1.64 $ 1.47 12% Adjusted Effective Tax Rate 26.0% 27.8% 180 bps

  5. Slide 5: Architecture & Software

    Architecture & Software Sales Segment Operating Margin ($ millions) $800 35% $696 $708 31.3% 30.4% $600 30% $400 25% $200 20% Q1 Q1 2014 2015 2014 2015 YOY Sales % Change  Segment operating margin expanded 90 bps Q1 2015 in Q1, primarily due to higher organic sales and strong productivity, partiall

  6. Slide 6: Control Products & Solutions

    Control Products & Solutions Sales Segment Operating Margin ($ millions) $1,000 20% $896 $867 14.5% $800 15% 13.0% $600 10% $400 5% $200 0% Q1 Q1 2014 2015 2014 2015 YOY Sales % Change  Segment operating margin expanded 150 bps Q1 2015 in Q1, primarily due to strong productivity and favorable mix R

  7. Slide 7: Regional Sales

    Regional Sales (in millions, except percentages) Q1 2015 First Quarter * Organic  U.S. flat as expected Region Sales % Change  Solid growth in Canada off a low base U.S. $ 837 0.0%  EMEA down due to weakness in Canada 100 8.2% emerging markets EMEA 297 (1.1)%  Strong growth in India Asia Pacific

  8. Slide 8: Revised Fiscal 2015 Guidance

    Revised Fiscal 2015 Guidance Sales Midpoint ~ $6.6B Organic Growth Range 2.5% to 5.5% Currency Translation ~ (4.5)% Acquisitions 0.2% Segment Operating Margin ~ 21% Adjusted Effective Tax Rate ~ 26.5% Adjusted EPS $6.50 to $6.80 Free Cash Flow as a % of Adjusted Income ~ 100% Note: As of January 28,

  9. Slide 9: FY 2015 Midpoint Revised Guidance Adjusted EPS Walk

    FY 2015 Midpoint Revised Guidance Adjusted EPS Walk 0.09 (0.25) $6.75 0.05 0.01 $6.65 FY 2015 Core Currency Tax Rate* Share Count FY 2015 Nov 12 Jan 28 Guidance Guidance Currency now a more significant headwind than originally expected * Adjusted Effective Tax Rate Copyright © 2015 Rockwell Automati

  10. Slide 10: Appendix: Supplemental Financial Information and Reconciliations to non-GAAP Measures

    Appendix Supplemental Financial Information and Reconciliations to non-GAAP Measures Copyright © 2015 Rockwell Automation, Inc. All Rights Reserved.

  11. Slide 11: First Quarter Results: Summary

    First Quarter Results: Summary (in millions, except per share amounts) Q1 2015 Q1 2014 Total Sales $ 1,574.4 $ 1,591.7 Total Segment Operating Earnings $ 346.8 $ 328.0 Purchase Accounting Depreciation and Amortization (5.4) (4.6) General Corporate - Net (22.8) (21.7) Non-Operating Pension Costs (16.

  12. Slide 12: Free Cash Flow

    Free Cash Flow (in millions) Q1 2015 Net Income $ 214.2 Depreciation/Amortization 40.6 Retirement Benefits Expense 36.1 Receivables/Inventory/Payables 38.5 Compensation and Benefits (99.2) Pension Contributions (8.6) Income Taxes 46.9 Other (0.3) Cash Flow from Operations 268.2 Capital Expenditures

  13. Slide 13: Reconciliation to Non-GAAP Measures

    Reconciliation to Non-GAAP Measures Organic Sales (in millions, except percentages) Three Months Ended December 31, 2014 2013 Sales Sales Organic Effect of Excluding Growth Growth Changes in Changes in Effect of Organic (Decline) (Decline) Sales(a) Currency Currency Acquisitions Sales(b) Sales(c) (a

  14. Slide 14: Reconciliation to Non-GAAP Measures

    Reconciliation to Non-GAAP Measures Segment Operating Margin (in millions, except percentages) Three Months Ended Three Months Ended December 31, 2014 December 31, 2013 Sales Architecture & Software (a) $ 707.8 $ 695.9 Control Products & Solutions (b) 866.6 895.8 Total sales (c) $ 1,574.4 $ 1,591.7

  15. Slide 15: Reconciliation to Non-GAAP Measures

    Reconciliation to Non-GAAP Measures Adjusted Income and Adjusted EPS (in millions, except per share amounts) Three Months Ended Three Months Ended December 31, 2014 December 31, 2013 Income from continuing operations $ 214.2 $ 198.1 Non-operating pension costs 16.2 14.0 Tax effect of non-operating p

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