Slide 1: Third Quarter 2021 Results Summary
Trimble Inc. Third Quarter 2021 Results Summary © 2021 Trimble, Inc - All Rights Reserved - Confidential and Proprietary Information
Slide 2: Third quarter 2021 highlights
Third quarter 2021 highlights ▪ Outperformed expectations in the quarter Key ▪ Strong demand, revenue and profit growth despite supply chain challenges Messages ▪ Focused on executing Connect & Scale 2025 strategy ▪ Q3 revenue: $901 million, +14% overall, +15% organic ▪ Record ARR: $1.36B, +8% overa
Slide 3: Trimble Operating System highlights
Trimble Operating System highlights Trimble Operating Proof Points System ▪ Microsoft - strategic partnership to advance technology adoption and accelerate the digital transformation of the construction, agriculture and transportation industries ▪ P&G - strategic partnership to shape the development
Slide 4: Trimble Construction One: Persona Based Growth Platform
Trimble Construction One: Delivering a Persona Based Growth Platform for Connected Construction Strong Trimble Synergies Enabling Strategy & Platform Acceleration: 1▪ Viewpoint persona-based offerings for back office 2▪ Addition of Trimble advanced 1 1 operational capabilities extends to project wor
Slide 5: Third quarter 2021 financial summary
Third quarter 2021 financial summary $M, Except Per Share Third Quarter of Non-GAAP Highlights 2020 2021 Y/Y Change ▪ Revenue: +14% y/y; Revenue $792.8 $901.4 +14% – Organic +15% Gross Margin % of Revenue 58.8% 58.7% -10bps – Currency translation +1% Adjusted EBITDA $212.5 $233.4 +10% – Divestitures
Slide 6: Third quarter revenue trends by type and geography
Third quarter revenue trends by type and geography Recurring Revenue Streams Q3’2021 Non-GAAP Revenue by Geography $ Billions Third Quarter of Rest of World Y/Y $65m, +33% 2020 2021 Change Annualized Recurring Revenue (ARR) $1.26 $1.36 +8% Asia-Pacific Organic ARR Growth +11% $111m, +5% Non-Recurrin
Slide 7: Financial metric highlights
Financial metric highlights Annualized recurring revenue Approx. $1.6B backlog ≈$1.36B (+8% growth) TTM research & development $1.99B in TTM software, services 14.8% of TTM non-GAAP revenue and recurring non-GAAP revenue (>65% of R&D in software) Net working capital +17% Deferred Revenue growth <0%
Slide 8: Third quarter 2021 segment results
Third quarter 2021 segment results Q3’21 Q3’21 $M Non-GAAP Revenue Non-GAAP Operating Q3’21 Commentary & Y/Y Growth Income $ / % ▪ Revenue growth strong in both building and civil construction businesses $349.7, +10% Buildings & $100.6 ▪ Recurring software bookings up significantly (+12% organic, +1
Slide 9: 2021 updated outlook
2021 updated outlook ▪ Key planning assumptions ‒ Demand is broadly stronger across our end markets than a quarter ago ‒ Supply constraints and cost inflation will continue well into 2022 ▪ 2021 non-GAAP Revenue $3.59B-$3.64B ‒ Organic revenue growth + mid teens, plus ≈1.5% currency, minus ≈1% compl
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