Caterpillar, Inc. · NYSE:CAT
Caterpillar — Q1 2019 Earnings Presentation
13 slides from Caterpillar's earnings presentation, Apr 24, 2019
Slide 1: First-Quarter 2019 Financial Review
First-Quarter 2019 Financial Review April 24, 2019
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: 2019 First-Quarter Highlights
2019 First-Quarter Highlights Profit Per Share Consolidated Operating Profit Repurchased was a first-quarter record Sales & Revenues 5% 5% 19% $3.25 Growth from Resource Industries With favorable price realization, volume gains $751M in company stock & Construction Industries and lower STIP 3
Slide 4: Full-Year 2019 Outlook
Full-Year 2019 Outlook 2018 Previous Current Actual 2019 Outlook1 2019 Outlook2 Profit Per Share $10.26 $11.75 – $12.75 $12.06 – $13.06 1 As of January 28, 2019. 2 As of April 24, 2019. Current outlook now includes a first-quarter discrete tax benefit related to U.S. tax reform of $0.31 per share. 4
Slide 5: 2019 Financial Results
2019 Financial Results First Quarter 2019 vs. First Quarter 2018 Sales and Revenues Profit Per Share (in billions of dollars) (in dollars) 1st Quarter Highlights $13.5 $3.25 1 Sales and Revenues up 5% 1 $13.5 $3.25 • Increase primarily in Resource Industries $12.9 $2.74 2 and Construction Industries
Slide 6: Consolidated Sales & Revenues
Consolidated Sales & Revenues First Quarter 2019 vs. First Quarter 2018 1st Quarter Highlights Sales and Revenues up 5% • Higher sales volume for both equipment and services • Favorable price realization, primarily in Construction Industries and Resource Industries • Unfavorable currency 6
Slide 7: Consolidated Operating Profit
Consolidated Operating Profit First Quarter 2019 vs. First Quarter 2018 1st Quarter Highlights Operating profit up 5% • Higher price realization and sales volume • Higher manufacturing costs • Variable labor and burden, including freight costs • Material costs, including tariffs • Increased SG&A/R&D
Slide 8: Construction Industries
2017 Investor Day Construction Industries Segment First Quarter 2019 vs. First Quarter 2018 Margin Range 15%-17% Total Sales* Segment Profit Segment Profit 1st Quarter Highlights (in billions of dollars) (in millions of dollars) as a percent of total sales* $1,117 Total Sales Increased – $196M, +3%
Slide 9: Resource Industries
2017 Investor Day Resource Industries Segment First Quarter 2019 vs. First Quarter 2018 Margin Range 12%-16% Total Sales* Segment Profit Segment Profit 1st Quarter Highlights (in billions of dollars) (in millions of dollars) as a percent of total sales* Total Sales Increased – $418M, +18% $2.7 $576
Slide 10: Energy & Transportation
2017 Investor Day Energy & Transportation Segment First Quarter 2019 vs. First Quarter 2018 Margin Range 16%-18% Total Sales* Segment Profit Segment Profit 1st Quarter Highlights (in billions of dollars) (in millions of dollars) as a percent of total sales* Total Sales about flat – ($9M) $874 $838 1
Slide 11: Full-Year 2019 Outlook
Full-Year 2019 Outlook 2018 Previous Current Actual 2019 Outlook1 2019 Outlook2 Profit Per Share $10.26 $11.75 - $12.75 $12.06 - $13.06 1 As of January 28, 2019. 2 As of April 24, 2019. Current outlook now includes a first-quarter discrete tax benefit related to U.S. tax reform of $0.31 per share. 2
Slide 12: Key Takeaways
Key Takeaways Record Repurchased Strong first-quarter $751M in financial profit per share company stock position 2019 profit outlook range of Executing our strategy and investing $12.06 to $13.06 per share for long-term profitable growth 12
Slide 13: CATERPILLAR’ =»
CATERPILLAR’ =»