Slide 1: First Quarter 2022 Results Summary
Trimble Inc. First Quarter 2022 Results Summary © 2021 Trimble, Inc - All Rights Reserved - Confidential and Proprietary Information
Slide 2: First quarter 2022 highlights
First quarter 2022 highlights ▪ Outperformed expectations in the quarter ▪ Strong demand, revenue, ARR and EBITDA growth despite supply chain challenges Key ▪ Focused and well positioned to execute on Connect & Scale 2025 strategy Messages ▪ Market conditions remain net positive ▪ Capital allocation
Slide 3: Innovation and Platform
Innovation and Platform 3
Slide 4: Trimble Construction One (TC1)
Trimble Construction One (TC1) Example: persona-based offering Improving go to Demonstrating early TC1 - Contractor Cloud market motions success ● Key account selling ● Increased win rates across the portfolio ● Increase in deal size ● Persona based bundling and ● Increase in share of discrete conne
Slide 5: First quarter 2022 financial summary
First quarter 2022 financial summary $M, Except Per Share First Quarter of Non-GAAP Highlights 2021 2022 Y/Y Change ▪ Organic revenue: +14% y/y; Revenue $886.7 $993.7 +12% – Total revenue +12% Gross Margin % of Revenue 58.4% 57.9% -50bps – Currency translation -2% Adjusted EBITDA $231.3 $253.3 +10%
Slide 6: First quarter revenue trends by type and geography
First quarter revenue trends by type and geography Recurring Revenue Streams Q1’2022 Revenue by Geography $ Billions First Quarter of Rest of World Y/Y $61m, +31% 2021 2022 Change Annualized Recurring Revenue (ARR) $1.32 $1.47 +12% Asia-Pacific Organic ARR Growth +14% $115m, +5% Non-Recurring Revenu
Slide 7: Financial metric highlights
Financial metric highlights Annualized recurring revenue Approx. $1.7B backlog ≈$1.47B (+12% growth, +14% organic) TTM research & development $2.07B in TTM software, services 14.5% of TTM revenue and recurring revenue (>65% of R&D in software) Net working capital +14% Deferred Revenue growth <0% of
Slide 8: First quarter 2022 segment results
First quarter 2022 segment results Q1’22 Q1’22 $M Revenue Non-GAAP Operating Q1’22 Commentary & Y/Y Growth Income $ / % ▪ Revenue growth strong in all major software and hardware centric businesses, revenue $397.6, +16% constrained by supply chain challenges Buildings & $120.7 (+18% organic, -2% FX,
Slide 9: 2022 Outlook
2022 Outlook ▪ Key planning assumptions ‒ Resilient demand across our end markets ‒ Supply environment remains challenging with cost inflation impacting gross margins through at least 1H22 ‒ Outlook includes impact of recently announced divestitures, excludes impact of future acquisitions and divest
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