Johnson Controls International Plc · NYSE:JCI

Johnson Controls International — Q3 FY2015 Earnings Presentation

14 slides from Johnson Controls International's earnings presentation, Jul 24, 2015

  1. Slide 1: Quarterly update FY 2015 third quarter

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 Quarterly update FY 2015 third quarter July 24, 2015 Exhibit 99.2

  2. Slide 2: Forward-Looking Statements

    Johnson Controls, Inc. — 2 1/6 2/6 4/6 5/6 1/4 3/4 1/2 Forward-Looking Statements Johnson Controls, Inc. has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are

  3. Slide 3: Agenda

    Johnson Controls, Inc. — 3 1/6 2/6 4/6 5/6 1/4 3/4 1/2 Agenda Automotive update and third quarter highlights Alex Molinaroli, Chairman and Chief Executive Officer Introduction Glen Ponczak, Vice President, Global Investor Relations Business results Bruce McDonald, Vice Chairman and Executive Vice Pr

  4. Slide 4: FY2015 third quarter highlights

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 FY2015 third quarter highlights*  Executing well • Record third-quarter earnings from continuing operations • Gross margin up 170 bps year-over-year; segment margins up 120 bps • Johnson Controls Operating System delivering increasing benefits  Markets supporting contin

  5. Slide 5: China Update

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 5 Johnson Controls, Inc. -  Power Solutions • 2014 – 2020 battery industry CAGR 8-9% • Rapidly growing aftermarket • Strong future AGM growth • JCI ― Q3 aftermarket shipments +58% vs. p/y Q3 ― Received new order for 1.4 million units / year  Automotive Experience • Q3 p

  6. Slide 6: Automotive strategic review update

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 Automotive strategic review update Opportunity for auto business to further its global leadership position  Pursuing tax-free spinoff of Automotive Experience business • Will operate as an independent, publicly traded company  New automotive company management • Bruce M

  7. Slide 7: Record FY15 Q3 earnings from continuing operations

    Johnson Controls, Inc. — 7 1/6 2/6 4/6 5/6 1/4 3/4 1/2 Segment margin Record FY15 Q3 earnings from continuing operations* excluding FX -2% +5% FY15 Q3 FY14 Q3 $9.6 B $9.8 B NET REVENUES FY15 Q3 FY14 Q3 $848 M $745 M SEGMENT INCOME +14% +120 bps +15% DILUTED EPS FY15 Q3 FY14 Q3 $0.91 $0.79 * Excludin

  8. Slide 8: Building Efficiency

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 Building Efficiency Growth in revenues, backlog and orders  Third party sales • North America up 3% (up 4%, ex. FX) • Asia down 5% (down 1%, ex. FX) • Europe down double-digits (down 1%, ex. FX)  Incremental revenues from ADT  Positive order trend continued, +6% (ex. F

  9. Slide 9: Power Solutions

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 Power Solutions Strong operational performance and profitability  Improved aftermarket and OE volumes in Europe and Asia • Europe up 22% • Asia up 8%  AGM units up 47%  Segment margin at 15.9%  Higher volumes  Improved mix  Operational improvements -2% +6% FY15 Q3 F

  10. Slide 10: Automotive Experience

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 Automotive Experience Strong global volumes and profitability  FY15 Q3 industry production • North America up 2% • Western Europe up 4% • China up 2% (passenger car up 7%)  JCI China sales (mostly non-consolidated) up 10% to $1.9B  Interiors JV closed July 2, 2015 - eq

  11. Slide 11: Third Quarter FY2015 Financial Highlights (continuing operations)

    Johnson Controls, Inc. — 11 1/6 2/6 4/6 5/6 1/4 3/4 1/2 Second Quarter 2015 Financial Highlights (continuing operations) Gross margin Improvement of 170 bps includes improved product mix and JCOS benefits Operating margin Improvement of 120 bps reflects operational execution and cost management Thir

  12. Slide 12: Third Quarter FY2015 Financial Highlights (continuing operations)

    Johnson Controls, Inc. — 12 1/6 2/6 4/6 5/6 1/4 3/4 1/2 (in millions, except earnings per share) 2015 1 2014 2 2015 (reported) 2014 (reported) Operating income $848 $745 $822 $630 Restructuring and impairment - - - 162 Financing charges - net 75 67 75 67 Income from continuing ops. before taxes 773

  13. Slide 13: Balance Sheet, Cash Flow and Guidance

    Johnson Controls, Inc. — 13 1/6 2/6 4/6 5/6 1/4 3/4 1/2 Second Quarter 2015 Financial Highlights (continuing operations) Balance Sheet, Cash Flow and Guidance  Q3 free cash flow of $399M impacted by timing of China JV dividends until Q4 ($170M)  Capital spending in line with our expectations  FY1

  14. Slide 14: johnsoncontrols.com/investors

    1/6 2/6 4/6 5/6 1/4 3/4 1/2 johnsoncontrols.com/investors @JCI_IR 14 Johnson Controls, Inc. -

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