Slide 1: Trimble Second Quarter 2021 Results Summary
Trimble Second Quarter 2021 Results Summary
Slide 2: Second quarter 2021 highlights
Second quarter 2021 highlights ▪ Outperformed expectations in the quarter Key ▪ Strength in end markets Messages ▪ Focused on executing Connect & Scale 2025 strategy ▪ Record Q2 revenue: $945 million, +29% overall, +27% organic ▪ Record ARR: $1.35B, +11% overall, +10% organic Financial ▪ Record TTM
Slide 3: Trimble Operating System highlights
Trimble Operating System highlights Trimble Operating Proof Points System ▪ Subscription transitions expanding addressable market in Buildings & Infrastructure and Transportation ▪ Investing in digital transformation Strategy ▪ Divestitures of Manhattan Software in Q2 and Iron Solutions in early Q3
Slide 4: Trimble Ventures Launch
Trimble Ventures Launch Accelerating the growth of innovative companies that are valuable to our customers and complimentary to our partners, products and platforms Accelerates Trimble’s platform and technology ecosystem strategy and supports Connect and Scale A commitment of $200M, focused on s
Slide 5: Second quarter 2021 financial summary
Second quarter 2021 financial summary $M, Except Per Share Second Quarter of ▪ Revenue: +29% y/y; Non-GAAP Highlights 2020 2021 Y/Y Change – Organic +27% Revenue $735.2 $945.3 +29% – Currency translation +3% Gross Margin % of Revenue 58.9% 58.2% -70bps – Acquisitions/divestitures -1% Adjusted EBITDA
Slide 6: Second quarter revenue trends by type and geography
Second quarter revenue trends by type and geography Recurring Revenue Streams Q2’2021 Non-GAAP Revenue by Geography $ Billions Second Quarter of Rest of World 2020 2021 Y/Y $52m, +49% Change Annualized Recurring Revenue (ARR) $1.21 $1.35 +11% Asia-Pacific $108m, +19% Non-Recurring Non-GAAP Revenue S
Slide 7: Financial metric highlights
Financial metric highlights Annualized recurring revenue Approx. $1.5B backlog ≈$1.35B (+11% growth) TTM research & development $1.94B in TTM software, services 14.8% of TTM non-GAAP revenue and recurring non-GAAP revenue (>65% of R&D in software) Net working capital +14% Deferred Revenue growth <0%
Slide 8: Second quarter 2021 segment results
Second quarter 2021 segment results Q2’21 Q2’21 $M Non-GAAP Revenue Non-GAAP Operating Q2’21 Commentary & Y/Y Growth Income $ / % ▪ Revenue growth strong in both building and civil construction businesses, with $364.8, +24% Buildings & $104.1 particularly strong growth in civil hardware and related
Slide 9: 2021 updated outlook
2021 updated outlook ▪ Key planning assumptions ‒ Demand continues to rebound across nearly all of our end markets ‒ Supply environment challenged; significant cost inflation due to supply imbalances impacting gross margins ‒ Outlook excludes impact of future acquisitions and divestitures ▪ 2021 non
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
Slide 11: Q&A
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