Carrier Global Corporation · NYSE:CARR
Carrier Global — Jefferies Industrials Conference 2021
11 slides from Carrier Global's conference presentation, Aug 4, 2021
Slide 1: Jefferies Industrials Conference
JEFFERIES INDUSTRIALS CONFERENCE August 4, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. From time to time, oral or written forward- looking statements may also be included in othe
Slide 3: GAAP Reconciliations
GAAP RECONCILIATIONS 2
Slide 4: Use and Definitions of Non-GAAP Financial Measures
Use and Definitions of Non-GAAP Financial Measures Carrier Global Corporation (“Carrier”) reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certa
Slide 5: Carrier Q2 2021 vs 2020 Sales Reconciliation
Carrier Q2 2021 vs 2020 Sales Reconciliation Y/Y % Three Months Ended June 30, 2021 Compared with Three Months Ended June 30, 2020 (Unaudited) Factors Contributing to Total % change in Net Sales Acquisitions / Organic FX Translation Divestitures, net Other Total HVAC 32 % 3 % 1 % — % 36 % Refrigerat
Slide 6: Segment Adjusted Operating Profit Reconciliation
Segment Adjusted Operating Profit Reconciliation (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, (dollars in millions - Income (Expense)) 2021 2020 2021 2020 HVAC Net sales $ 3,120 $ 2,291 $ 5,606 $ 4,250 Operating profit $ 573 $ 358 $ 938 $ 525 Restructuring (7) (1
Slide 7: Q2 2021 EPS Reconciliation
Q2 2021 EPS Reconciliation (Unaudited) For the Three Months Ended June 30, 2021 For the Six Months Ended June 30, 2021 (In millions) Reported Adjustments Adjusted Reported Adjustments Adjusted Net sales $ 5,440 $ — $ 5,440 $ 10,139 $ — $ 10,139 Operating profit 783 38 a 821 1,354 75 a 1,429 Operatin
Slide 8: Q2 2020 EPS Reconciliation
Q2 2020 EPS Reconciliation (Unaudited) For the Three Months Ended June 30, 2020 For the Six Months Ended June 30, 2020 (In millions) Reported Adjustments Adjusted Reported Adjustments Adjusted Net sales $ 3,972 $ — $ 3,972 $ 7,860 $ — $ 7,860 Operating profit 442 34 a 476 757 155 a 912 Operating mar
Slide 9: Segment Net Sales and Operating Profit
Segment Net Sales and Operating Profit (Unaudited) For the Three Months Ended June 30, For the Six Months Ended 2021 2020 2021 2020 (In millions) Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted Net sales HVAC $ 3,120 $ 3,120 $ 2,291 $ 2,291 $ 5,606 $ 5,606 $ 4,250 $ 4,250 Ref
Slide 10: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation (Unaudited) Q1 Q2 Q3 Q4 FY Q1 Q2 (dollars in millions) 2020 2020 2020 2020 2020 2021 2021 Net cash flows provided by operating activities $ 47 $ 509 $ 937 199 $ 1,692 $ 184 $ 561 Less: Capital expenditures 48 46 57 161 312 53 79 Free cash flow $ (1) $ 463 $ 880 $ 38 $ 1
Slide 11: Carrier Q2 2021 vs 2019 Organic Sales Reconciliation
Carrier Q2 2021 vs 2019 Organic Sales Reconciliation Y/Y % Three Months Ended June 30, 2021 Compared with Three Months Ended June 30, 2019 (Unaudited) Factors Contributing to Total % change in Net Sales Acquisitions / Organic FX Translation Divestitures, net Other Total Consolidated 7% 3% —% —% 10 %
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