Caterpillar, Inc. · NYSE:CAT
Caterpillar — Investor Presentation (2025)
23 slides from Caterpillar's investor presentation, Jul 24, 2025
Slide 1: Overview
OVERVIEW WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD. CATERPI LLAR
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “a
Slide 3: E&T: Caterpillar's Largest and Fastest Growing Segment in 2024
Financial E&T: Caterpillar’s Largest and Products Segment (FP) Fastest Growing Segment in 20241 $4.1B Resource Industries Energy & Diversified portfolio Attractive profitable (RI) Transportation that includes growth opportunities $12.4B (E&T) $28.9B • Oil & Gas • Data Centers • Power Generation • Di
Slide 4: E&T Serves Diverse End Markets
E&T Serves Diverse End Markets OPTIMIZING CUSTOMER SUCCESS THROUGH PRODUCTS AND SERVICES POWER GENERATION OIL & GAS INDUSTRIAL TRANSPORTATION 22% • Engines and turbines generate • Solutions support extraction • Engines power our • Marine engines power primary and backup power and production of natur
Slide 5: E&T Product Portfolio
E&T Product Portfolio DELIVERING SOLUTIONS FOR OUR CUSTOMERS’ GROWING NEEDS POWER GENERATION OIL & GAS INDUSTRIAL TRANSPORTATION DIESEL OR GAS ENERGY STORAGE RECIP DIESEL RECIP DUAL GENERATOR SETS SYSTEMS MOBILE POWER UNITS & GAS ENGINES FUEL ENGINES RECIP DIESEL EMD & GAS ENGINES LOCOMOTIVES SOLAR
Slide 6: Power Generation: Improving energy resiliency and reliability
POWER 32% OIL & GAS INDUSTRIAL TRANSPORTATION $7. GENERATION 1 8 B Improving energy resiliency and reliability through products, services and digital offerings Reciprocating engines 2 and turbines Reciprocating engines 2 and turbines KEY PRODUCTS TO POWER ELECTRIC UTILITIES, TO SUPPORT DATA CENTERS,
Slide 7: Oil & Gas: Customized sustainable customer solutions
POWER GENERATION 29% INDUSTRIAL TRANSPORTATION $ 7.0 OIL & GAS1 B Customized sustainable customer solutions in a heavily services-biased business KEY Reciprocating engines2, Reciprocating engines 2, Turbines and PRODUCTS hybrid drill rig transmissions, pumps, flow iron reciprocating engines2 Hybrid
Slide 8: Industrial: Reliability, durability and services support differentiate our engines
POWER GENERATION OIL & GAS 17% TRANSPORTATION $ 4.0 INDUSTRIAL1 B Reliability, durability and services support differentiate our engines Reciprocating engines2 KEY Reciprocating engines 2 PRODUCTS FOR APPLICATIONS IN CONSTRUCTION, AGRICULTURE, DEFENSE, FOR CONSTRUCTION AND MINING EQUIPMENT INDUSTRIA
Slide 9: Transportation: Broad suite of services and digital offerings
POWER GENERATION OIL & GAS INDUSTRIAL 22% $ 5.4 TRANSPORTATION1 B Broad suite of services and digital offerings to help our customers succeed Reciprocating engines 2 Locomotives, signaling and services KEY PRODUCTS FOR COMMERCIAL AND GOVERNMENT RAIL SERVICES INCLUDE INFRASTRUCTURE WORKBOATS, PLEASUR
Slide 10: Strategic Focus on Services Growth
Strategic Focus on Services Growth POWER GENERATION1 OIL & GAS1 INDUSTRIAL TRANSPORTATION R A IL Talos Energy Management Tangent Oilfield Flexible Leveraging machine learning and AI to encode locomotive engineer Energy Solutions Equipment Services Connectivity behavior, analyze train runs & Energy a
Slide 11: Growth Opportunities
GROWTH OPPORTUNITIES WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD. CATERPI LLAR
Slide 12: Increasing Demand for Energy Supports Growth
Increasing Demand for Energy Supports Growth OUR OP POR TUNITIES 7000 DEMAND FOR LARGE 6000 ENGINES / TURBINES +25% TO SUPPORT DATA CENTERS 2023 - 2035 DEMAND FOR RELIABLE 5000 +4% 2010 - 2023 DISTRIBUTED GENERATION / GRID SUPPORT 4000 DEMAND FOR NATURAL GAS AS A SOURCE OF ENERGY 3000 2010 2022 2023
Slide 13: Data Centers: Turbines and Engines for Primary and Backup Power
Data Centers: Turbines and Engines1 for Primary and Backup Power SOLAR TURBINES USED FOR BRIDGE POWER UNTIL THE Reciprocating engines1 UTILITY GRID HAS CAPACITY ~UP TO 38MW PER TURBINE for BACKUP POWER Runs 24/7 Turbines for PRIMARY / BRIDGE POWER TYPICAL HYPER-SCALER DATA CENTER USES CAT ENGINES US
Slide 14: Distributed Generation: Our Solutions Promote Reliable Power
Distributed Generation: Our Solutions Promote Reliable Power What is Distributed Generation? Production of electricity from localized, non-utility grid energy sources placed close to where the electricity is used. COMBINED HEAT TEMPORARY OR PERMANENT POWER MICROGRIDS Cat® Solutions Include & POWER ➕
Slide 15: Steady Growth in Natural Gas Supports Increasing Demand for Energy
Steady Growth in Natural Gas Supports Increasing Demand for Energy OUR OPPORTUNITIES INCREASING IMPORTANCE OF NATURAL GAS AS A TRANSITION FUEL ILLING 6000 DR SERVIC LL +12% WE IN G 5000 2023 - 2035 MPRES CO Billions of Cubic Meters SI GAS ON 4000 3000 2010 2022 2023 2030 2035 2040 G LOB A L NA T U R
Slide 16: Drilling and Well Servicing for Natural Gas and Oil Extraction
Drilling and Well Servicing for Natural Gas and Oil Extraction LL ING I DR SPM • Large Bore Manifold • Frac Hose Growing Trend CUSTOMERS LEVERAGE NATURAL GAS TO GENERATE POWER TO SUPPORT THE GRID V I C I NG ER S W E LL Cat® Solutions Include ➕ RECIPROCATING ENGINES1 ➕ TRANSMISSIONS ➕ PUMPS ➕ FLOW IR
Slide 17: Gas Compression Supports LNG Production Process
Gas Compression Supports LNG1 Production Process ESSION ESSION PR PR GAS COM GAS COM TITAN 250 COMPRESSOR SET Both run CAT 3500 & 3600 ENGINES2 COMPRESSES NATURAL GAS 24/7 CAT ENGINE FOR BACKUP POWER Natural gas-powered Reciprocating Engines2 Natural gas-powered Solar Turbines compress gas down pipe
Slide 18: Sustainable & Cost-Effective Options
Sustainable & Cost-Effective Options C13D G3520 G3520K MORE SCALEABLE, 20-25% POWER, LOWER COST LOWER CO2 LESS FUEL SOLUTIONS EMISSIONS1 NEXT GENERATION DIESEL GAS MECHANICAL SYSTEM NATURAL GAS High power density engines with Cutting-edge, fully integrated power 100% natural gas engine has the lower
Slide 19: Delivering Sustainable Solutions Through Services
WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD Delivering Sustainable Solutions Through Services DIGITAL FLEET OPTIMIZATION SOLUTIONS REMANUFACTURING Fleet monitoring solutions optimize operations Promotes the circular economy and a through improved efficiency lower total cost of owner
Slide 20: We Continue to Invest
We Continue to Invest ACCELERATING TECHNOLOGIES, EXPANDING OUR PORTFOLIO AND CAPABILITY TO BETTER SERVE OUR CUSTOMERS ORGANIC select examples MORE THAN DOUBLING INVESTING IN HIGH POWER NEW TITAN 350 38MW TURBINE MODULAR AND SCALABLE OUTPUT CAPABILITY FOR DENSITY, COMPACT AND CLASS EXPANDS OUR TOTAL
Slide 21: E&T: Caterpillar's Largest and Fastest Growing Segment in 2024
Financial E&T: Caterpillar’s Largest and Products Segment (FP) Fastest Growing Segment in 20241 $4.1B Resource Industries Energy & Diversified portfolio Attractive profitable (RI) Transportation that includes growth opportunities $12.4B (E&T) $28.9B • Oil & Gas • Data Centers • Power Generation • Di
Slide 22: We help our customers build a better, more sustainable world
WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD.
Slide 23: Glossary
Glossary • BACKUP/STANDBY POWER: Secondary source of power for an • POWER DENSITY: The power generated from a given size of application, turns on during power outage of primary source. engine, e.g., our C13D engine has power ratings above many For example, a hospital has backup power generators to e