Slide 1: Slide 1
Slide 2: Orders
Orders $inmillions 9,500 8,500 7,500 6,500 5,500 2020 am Orders 2021 2 022 Comparable growth % -16%
Slide 3: ABB Group orders and revenues commentary
ABB INTERIM REPORT I Q2 2022 3 Demand was strong across all customer segments and all business areas reported double-digit order growth in the second quarter, supported by virtually all divisions. Demand remained strong throughout the period. Service-related orders increased by 4% (12% comparable).
Slide 4: Basic EPS
Basic EPS $ per share 2.20 1.70 1.20 0.40 0.30 0.20 -0.10 | 2020 2021
Slide 5: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 3,000 ry 20% ¢ 1,500 15% 1,000 10% “hl | | : » 7 2020 2021 2022 (mmm Operational EBITA mmm Income from operations Operational EBITA margin %
Slide 6: Gross profit, income from operations and Operational EBITA
ABB INTERIM REPORT I Q2 2022 4 Gross profit Gross profit decreased by 9% to $2,290 million, primarily due to changes in exchange rates. Gross margin was 31.6%, a decline of 210 basis points from last year’s very high level driven primarily by mark to market losses on commodity derivatives as well as
Slide 7: Net Cash (Net Debt) position
Net Cash (Net Debt) position $inmillions 500 | -8,500 2020 2021 2022
Slide 8: Free cash flow conversion to net income, R12M
Free cash flow conversion to net income’, R12M 400% 300% 200% 100% 0% - 2020 2021
Slide 9: Net working capital, capex, net debt and cash flows
ABB INTERIM REPORT I Q2 2022 5 Net working capital Net working capital amounted to $3,663 million, increasing both year-on-year from $3,251 million and sequentially from $3,461 million. The sequential increase was driven primarily by inventories to support future deliveries to help meet the strong m
Slide 10: Orders and Revenues
Orders and Revenues $ in millions 4,500 4,000 3,500 3,000 2,500 2020 2021 aa Orders (ME Revenues Orders 12M rolling 2022 12M $in millions 16,000 14,000 12,000 10,000
Slide 11: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 600 20% 450 15% 300 10% 150 5% ° 0% -150 5% 2020 2021 2022 ummm Operational EBITA qm Income from operations Operational EBITA margin %
Slide 12: Electrification: Orders and revenues
ABB INTERIM REPORT I Q2 2022 6 Orders and revenues Order intake was strong with a stable trend throughout the quarter except for some temporary weakness in China which recovered towards the end of the second quarter. Order intake amounted to $4,037 million, improving by 9% (16% comparable), year-on-
Slide 13: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,500 8,500 8,000 2,000 7,500 1,500 7,000 1,000 6,500 500 6,000 2020 2021 2022 as Orders (lm Revenues Orders 12M rolling
Slide 14: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 2,500 25% 2,400 i H 20% 400 15% 300 10% 200 100 5% ° 0% 2020 2021 2022 (Gm Operational EBITA mmm income from operations Operational EBITA margin %
Slide 15: Motion: Orders and revenues
ABB INTERIM REPORT I Q2 2022 7 Orders and revenues The second quarter was another +$2 billion quarter with orders up by 7% (26% comparable) to $2,079 million, despite the adverse impacts from portfolio changes and changes in exchange rates. Both base orders and large orders increased year-on -year.
Slide 16: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,000 7,500 7,000 1,500 6,500 1,000 6,000 500 5,500 2020 2021 2022 as Orders: mmm Revenues Orders 12M rolling
Slide 17: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 250 20% 200 15% 150 10% 100 50 5% co) 0% 2020 2021 "ummm Operational EBITA was Income from operations Operational EBITA margin %
Slide 18: Process Automation: Orders and revenues
ABB INTERIM REPORT I Q2 2022 8 Orders and revenues Customer demand was strong across the segments which resulted in an order growth of 17% (25% comparable), although the headline number was weighed down by changes in exchange rates. Strong demand was noted for the product, system s and service busin
Slide 19: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 1,350 4,500 1,100 4,000 850 3,500 600 | | 3,000 350 2,500 2020 2021 2022 a Orders (mg Revenues Orders 12M rolling
Slide 20: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 120 15% 80 40 10% Co) 5% -40 -240 0% 2020 2021 2022 (Gama Operational EBITA ummm Income from operations Operational EBITA margin %
Slide 21: Robotics & Discrete Automation: Orders and revenues
ABB INTERIM REPORT I Q2 2022 9 Orders and revenues On high customer demand , order intake improved by 15% (23% comparable) to $1,109 million. However, revenues were significantly hampered by both general supply chain constraints as well as Covid-related lockdowns in China. Consequently, the order ba
Slide 22: CO2 Scope 1&2
COz2 Scope 1&2 Ktons Ktons, RI2M 200 750 150 600 450 100 300 50 150 ° ° 2020 2021 2022 sumsmas Ktons of CO2 equivalent emissions (Scope 1&2) Ktons of CO2 equivalent emissions (Scope 1&2), R12M
Slide 23: Lost Time Injury Frequency Rate
Lost Time Injury Frequency Rate LTIFR LTIFR,R12M 03 0.25 0.20 02 0.15 0.10 o1 0.05 0.0 a 2020 2021 2022 smu LTIFR, frequency/200,000 working hours LTIFR, frequency/200,000 working hours, RI2M
Slide 24: Quarterly highlights
ABB INTERIM REPORT I Q2 2022 10 Quarterly highlights ● Microsoft has joined ABB’s Energy Efficiency Movement. Launched in March 2021 by ABB, the #energyefficiencymovement is a multi-stakeholder initiative to raise awareness and spur action to reduce energy consumption and carbon emissions to combat
Slide 25: Slide 25
Slide 26: Q2 2022 Financial Information: Contents
2 Q2 2022 FINANCIAL INFORMATION — Financial Information Contents 03 ─ 07 Key Figures 08 ─ 34 Consolidated Financial Information (unaudited) 35 ─ 47 Supplemental Reconciliations and Definitions
Slide 27: Key Figures
3 Q2 2022 FINANCIAL INFORMATION — Key Figures CHANGE ($ in millions, unless otherwise indicated) Q2 2022 Q2 2021 US$ Comparable (1) Orders 8,807 7,989 10% 20% Order backlog (end June) 19,477 15,424 26% 37% Revenues 7,251 7,449 -3% 6% Gross Profit 2,290 2,508 -9% as % of revenues 31.6% 33.7% -2.1 pts
Slide 28: Q2 2022 Financial Information
34 Q2 2022 FINANCIAL INFORMATION