Slide 1: Second Quarter 2022 Results Summary
Trimble Inc. Second Quarter 2022 Results Summary © 2022 Trimble, Inc - All Rights Reserved - Confidential and Proprietary Information 1
Slide 2: Second quarter 2022 highlights
Second quarter 2022 highlights ● Outperformed expectations in the quarter ● Strong ARR and gross margin performance, despite supply chain challenges Key ● Continued focus and execution on Connect & Scale strategy - Trimble Construction One Messages as a proof point ● Divested 5 businesses and exited
Slide 3: Increasing business model resilience, by design
Increasing business model resilience, by design Revenue Annualized Recurring Revenue Adjusted EBITDA $ Millions $ Millions $ Millions (+14.6% CAGR) (+11.1% CAGR) (+8.3% CAGR) (+19.8% CAGR) 55% Software/Services/Recurring Currently $1.51 billion in ARR Expanding margins and an representing over $2 bi
Slide 4: Second quarter 2022 financial summary
Second quarter 2022 financial summary ● Organic revenue: +6% y/y $M, Except Per Share Second Quarter of ○ Total revenue: 0% y/y Non-GAAP Highlights 2021 2022 Y/Y Change ○ Currency translation: -3% Revenue $945.3 $941.2 -0% ○ Acquisitions: +1% Gross Margin % of Revenue 58.2% 59.7% +150 bps ○ Divestitu
Slide 5: Second quarter revenue by type and geography
Second quarter revenue by type and geography Recurring Revenue Streams Q2’2022 Revenue by Geography $ Billions Second Quarter of Rest of World Y/Y $63m, +21% Y/Y 2021 2022 Organic (+22% organic) Change Asia-Pacific Change Annualized Recurring $104m,-4% $1.35 $1.51 +12% +15% (+5% organic) Revenue Non-
Slide 6: Financial metric highlights
Financial metric highlights Annualized recurring revenue Approx. $1.6B backlog ~$1.51B (+12% growth, +15% organic) TTM research & development $2.1B in TTM software, services 14.6% of TTM revenue and recurring revenue (>65% of R&D in software) Net working capital +13% Deferred <0% of TTM revenue Reve
Slide 7: Second quarter 2022 segment results
Second quarter 2022 segment results Q2’22 Q2’22 $M Revenue Non-GAAP Operating Q2’22 Commentary & Y/Y Growth Income $ / % $382.6, +5% Buildings & $101.4 ● Broad based organic revenue growth in all major businesses (+13% organic, -3% FX, Infrastructure 26.5% ● Organic ARR growth >20% driven by organic
Slide 8: 2022 Outlook
2022 Outlook ● Key planning assumptions ○ Healthy absolute demand across end markets ○ Revenue and profit outlook adjusted due to FX, supply chain and moderating demand in several end markets ○ Outlook includes impact of recently announced divestitures, excludes impact of future acquisitions and dive
Slide 9: 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 Litigatio