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Slide 2: Orders
Orders $inmillions 9,500 8,500 7,500 6,500 5,500 2022 2023 Comparable growth % -16%
Slide 3: Interim report Q1 2023: orders and demand overview
ABB INTERIM REPORT I Q1 2023 3 In the first quarter, a robust customer activity resulted in an order intake of $9,450 million, representing an increase of 1% (9% comparable) from last year’s high level. The strongest order momentum was noted in the late-cyclical process industry-related business seg
Slide 4: Basic EPS
Basic EPS $ per share 1.50 1.40 1.30 +o 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 = 2021 2022 2023
Slide 5: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 3,000 20% 1,500 15% 1,000 10% -|j | / | : 0% 2021 2022 2023 ‘ummm Operational EBITA ummm Income from operations Operational EBITA margin %
Slide 6: Gross profit, income from operations and operational EBITA
ABB INTERIM REPORT I Q1 2023 4 Gross profit Gross profit increased strongly by 19% (25% constant currency) to $2,716 million, supported by a significant gross margin improvement of 190 basis points to 34.6%. Gross margin improved in all business areas, with three showing significant increases. Incom
Slide 7: Net Cash (Net Debt) position
Net Cash (Net Debt) position $inmillions 500 -2,500 -5,500 -8,500 2021 2022 2023
Slide 8: Free cash flow conversion to net income, R12M
Free cash flow conversion to net income’, R12M 400% 300% 200% 100% i i ou Biaaoatl 2021
Slide 9: Net working capital, capex and net debt
ABB INTERIM REPORT I Q1 2023 5 Net working capital Net working capital amounted to $4,164 million, increasing year-on-year from $3,461 million and sequentially from $3,216 million. The sequential increase was mainly driven by higher receivables triggered by high revenue growth and higher inventories
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Slide 11: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 4,500 16,000 4,000 14,000 3,500 | | | | - 3,000 ] 2,500 10,000 2021 2022 2023 smn Orders mum Revenues Orders 12M rolling
Slide 12: Electrification: orders and revenues
ABB INTERIM REPORT I Q1 2023 6 Orders and revenues Despite a very challenging comparable from last year, order intake increased by 1% (5% comparable) to $4,141 million, the highest quarterly level in several years. Strong orders added further to the order backlog, with book- to-bill at 115%. ● Deman
Slide 13: Orders and Revenues
Orders and Revenues 12M $in $ in millions millions 2,500 8,500 2,000 p ; 8,000 | | 7,500 1,500 | | Be | jf i i | | 7,000 1,000 | | 7 | f : | : e i | | 6,500 500 : : 6,000 2021 2022 2023 mmm Orders mmm Revenues Orders 12M rolling
Slide 14: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 2,500 25% 2,400 i + 20% 400 15% 300 10% 200 100 5% ° 0% 2021 2022 2023 lmmmas Operational EBITA ummm Income from operations Operational EBITA margin %
Slide 15: Motion: orders and revenues
ABB INTERIM REPORT I Q1 2023 7 Orders and revenues Order intake of $2,262 million reached the highest level in several years, up by 3% (8% comparable) from last year’s high comparable. Notably, the order intake increased also when separating out the impact of larger project orders. Book- to-bill was
Slide 16: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,500 7,500 2,000 7,000 1,500 : 6,500 1,000 | 6,000 500 5,500 2021 2022 2023 mmm Orders memes Revenues Orders 12M rolling
Slide 17: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 250 20% 200 . 7 ] | | | i ] 15% 150 | P i | ‘ : 10% 100 if Ie 50 | : &% ° ‘ 7 0% 2021 2022 2023 sums Operational EBITA wes Income from operations Operational EBITA margin %
Slide 18: Process Automation: orders and revenues
ABB INTERIM REPORT I Q1 2023 8 Orders and revenues Driven by a strong underlying customer activity across the segments, as well as by supportive timing of some project orders, the orders increased by 25% (55% comparable) to $2,113 million - the highest quarterly level in recent history. The order ba
Slide 19: Orders and Revenues
Orders and Revenues $ in millions 1,350 1,100 850 600 350 2021 2022 mms Orders memes Revenues Orders 12M rolling 2023 12M $in millions 4,500 4,000 3,500 3,000 2,500
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Slide 21: Robotics & Discrete Automation: orders and revenues
ABB INTERIM REPORT I Q1 2023 9 Orders and revenues Order intake amounted to $1,001 million, declining by 23% (20% comparable) from the high order level last year, which benefitted from pre-buys in a period of a strained supply chain. While orders increased from the fourth quarter, somewhat of a hamp
Slide 22: CO2e Scope 1&2
COze Scope 1&2 Ktons Ktons, R12M 200 750 150 600 450 100 300 7 i ie ° ° 2021 2022 2023 mums Ktons of CO2 equivalent emissions (Scope 1&2) Ktons of COz equivalent emissions (Scope 1&2), RI2M
Slide 23: Lost Time Injury Frequency Rate
Lost Time Injury Frequency Rate LTIFR 0.20 0.15 0.10 | L 0.05 | 0.00 2021 2022 2023 mums LTIFR, frequency/200,000 working hours LTIFR, frequency/200,000 working hours, RI2M
Slide 24: Quarterly highlights
ABB INTERIM REPORT I Q1 2023 10 Quarterly highlights ● ABB’s production site in Xiamen – which covers 425,000 m 2 and employs over 3,000 people – has reduced its CO 2 equivalent (CO 2 e) emissions by 13,400 tons as part of ABB’s global Mission to Zero program. This year, Xiamen will be opening its d
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Slide 26: Q1 2023 Financial Information contents
2 Q1 2023 FINANCIAL INFORMATION — Financial Information Contents 03 ─ 05 Key Figures 06 ─ 28 Consolidated Financial Information (unaudited) 29 ─ 38 Supplemental Reconciliations and Definitions
Slide 27: Key Figures
3 Q1 2023 FINANCIAL INFORMATION — Key Figures CHANGE ($ in millions, unless otherwise indicated) Q1 2023 Q1 2022 US$ Comparable (1) Orders 9,450 9,373 1% 9% Order backlog (end March) 21,607 18,901 14% 21% Revenues 7,859 6,965 13% 22% Gross Profit 2,716 2,281 19% as % of revenues 34.6% 32.7% +1.9 pts
Slide 28: Q1 2023 Financial Information
28 Q1 2023 FINANCIAL INFORMATION