Caterpillar, Inc. · NYSE:CAT
Caterpillar — Bernstein's 37th Annual Strategic Decision Conference (June 2021)
15 slides from Caterpillar's conference presentation, Jun 2, 2021
Slide 1: Caterpillar
CATERPILLAR’
Slide 2: Forward-Looking Statements and Non-GAAP Reminder
Forward-Looking Statements and Non-GAAP Reminder 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,”
Slide 3: Our Strategy for Long-Term Profitable Growth
Our Strategy for Long-Term Profitable Growth | 3 Caterpillar: Confidential Green
Slide 4: Improved Adjusted Operating Margin Performance Through the Cycles
Improved Adjusted Operating Margin Performance Through the Cycles Future Expected Adjusted Operating Margin Range 10% - 21% +3%-6% 16%-19% 18%-21% $55B $54B 13%-16% 14%-17% 14%-17% Margin pts 15% 13%-16% $45B $42B 13% 10%-13% Improvement 10% 11% 11% 16% 15% 10% 13% 7% 12% $43B $60B $66B $56B $55B $4
Slide 5: Improved Free Cash Flow Performance Through the Cycles
Improved Free Cash Flow Performance Through the Cycles Future Expected ME&T Free Cash Flow Range $4B-$8B $6B-$7B* $7B-$8B $6B-$7B $7B-$9B $5B-$6B $6B $5B-$6B $5B $6B $4B-$5B $6B +$1B-$2B $4B $6B $5B $4B ME&T Free $3B Cash Flow $3B $1B1 $43B $60B $66B $56B $55B $47B $39B $45B $55B $54B $42B 2 2 2 201
Slide 6: Services
Services ME&T Services Revenues Note: ME&T Services Revenues include, but are not limited to, aftermarket parts and other service-related revenues and exclude most Financial Products revenues, | 6 Caterpillar: Confidential Green discontinued products and captive dealer services.
Slide 7: New Sustainability Report Introduces 2030 Goals
New Sustainability Report Introduces 2030 Goals | 7 Caterpillar: Confidential Green
Slide 8: Helping Customers Achieve Their Sustainability Objectives
Helping Customers Achieve Their Sustainability Objectives Large Mining Truck EPA Clean Air Excellence U.S. Department of Energy – Trolley Assist Award – Dynamic Gas Hydrogen Research Blending Project Funding Awards | 8 Caterpillar: Confidential Green
Slide 9: Cat Mining – Leading Product and Services Portfolio
Cat Mining – Leading Product and Services Portfolio | 9 Caterpillar: Confidential Green
Slide 10: Q&A
Q&A | 10 Caterpillar: Confidential Green
Slide 11: Appendix
Appendix | 11 Caterpillar: Confidential Green
Slide 12: Jim Umpleby
Jim Umpleby Chairman & CEO Jim Umpleby is chairman of the board of directors and chief executive officer of Caterpillar Inc. Jim graduated from the Rose-Hulman Institute of Technology with a Bachelor of Science degree in Jim joined Solar Turbines, now a Caterpillar subsidiary, mechanical engineering
Slide 13: Jennifer Driscoll
Jennifer Driscoll Director | Investor Relations Jennifer K. Driscoll is the director of Investor Relations for Caterpillar Inc. Before joining the company in March 2019, she was director of Investor Relations at DowDuPont for three years and vice president of investor relations at Campbell Soup for
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note: Amounts may not add due to rounding. | 14 Caterpillar: Confidential Green
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures Operating Margin % to Adjusted Operating Margin % 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Operating margin % 10% 13% 14% 11% 10% 8% 3% 10% 15% 15% 11% Operating margin % restructuring costs - - - - 1% 2% 3% 3% 1% - 1% Operating margin % goodwill impairment
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