Trimble Inc. · NASDAQ:TRMB

Trimble — Investor Presentation (April 2024)

14 slides from Trimble's investor presentation, Apr 12, 2024

  1. Slide 1: Trimble Inc. Reporting Update April 2024

    Trimble Inc. Reporting Update April 2024 © 2024 Trimble, Inc - All Rights Reserved 1

  2. Slide 2: 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

  3. Slide 3: Agenda

    Agenda Overview of new organizational / segment reporting structure FY23 performance and FY24 guidance for new reporting segments 3

  4. Slide 4: Company Organization & Future Segment Reporting

    Company Organization & Future Segment Reporting Simplified, focused Architects Engineers Construction Owners organization AECO (Architects, Engineers, ● Change in reporting reflects our Construction, Owners) new organizational structure ● Brings businesses with similar operating models together, GNSS

  5. Slide 5: Segment Details and Outlook

    Segment Details and Outlook AECO Field Systems Transportation and Logistics FY’23 FY’24 FY’23 FY’24 FY’23 FY’24 Actual Outlook Actual Outlook Actual Outlook $1.46B as-adjusted ≈$1.45B as-adjusted Revenue $1.11B ≈$1.32B $720M ≈$770M $1.97B as-reported ≈$1.53B as-reported +High teens/Low 20s % (3%) as

  6. Slide 6: Appendix and Reconciliations

    Appendix and Reconciliations © 2024 Trimble, Inc - All Rights Reserved 6

  7. Slide 7: Prior and New reporting structure

    Prior and New reporting structure Prior Reporting Segments New Reporting Segments Buildings and Infrastructure AECO Architects Engineers Architects Engineers Construction Owners Construction Owners Civil construction Utilities Geospatial Field Systems Survey & mapping Positioning Components Survey &

  8. Slide 8: Historical segment financials (As-Reported)

    Historical segment financials (As-Reported) Quarter Ended and Fiscal Year Ended, Revenue ($MMs) Q1-22 Q2-22 Q3-22 Q4-22 FY-22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 AECO $243 $222 $226 $251 $942 $288 $264 $270 $289 $1,111 Field Systems 596 575 520 461 2,151 480 541 495 452 1,968 Transport. & Logistics 155 145

  9. Slide 9: Historical revenue growth metrics

    Historical revenue growth metrics Revenue Growth Q1-23 Q2-23 Q3-23 Q4-23 FY-23 AECO: Organic 17% 15% 15% 14% 15% Acquisitions 5% 6% 4% 1% 4% Divestitures 0% -1% -1% -1% -1% Foreign Currency -3% -1% 1% 1% 0% Total 19% 19% 19% 15% 18% Field Systems: Organic -11% -3% -5% -2% -6% Acquisitions 0% 0% 0% 0

  10. Slide 10: Historical segment financials (As-Adjusted)

    Historical segment financials (As-Adjusted) Agriculture Business Q1-22 Q2-22 Q3-22 Q4-22 FY-22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Agriculture ($MMs) Revenue $172 $151 $134 $122 $579 $146 $134 $119 $110 $508 Operating Income 54 49 45 43 191 56 42 40 33 171 Operating Margin 31.4% 32.5% 34.0% 35.0% 33.0% 38.

  11. Slide 11: Historical revenue growth metrics (As-Adjusted)

    Historical revenue growth metrics (As-Adjusted) Revenue Growth (As-Adjusted) Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Field Systems: Organic (as-adjusted) -10% 0% -3% 2% -3% Acquisitions (as-adjusted) 0% 0% 0% 0% 0% Divestitures (as-adjusted) -10% -4% 0% -2% -4% Foreign Currency (as-adjusted) -1% 0% 1% 1% 0% T

  12. Slide 12: FY'24 Outlook

    FY’24 Outlook As-Adjusted, Excluding ● Strong ARR growth expected to continue, driving As-Reported(1) Ag Business to JV(2) increased predictability and profitability FY’23 FY’24 FY’23 FY’24 ● As-adjusted (excluding Agriculture), organic Actuals Guidance Actuals Guidance revenue growth is expected to

  13. Slide 13: FY'24 Outlook Assumptions

    FY’24 Outlook Assumptions As-Reported(1) FY’24 Growth by Segment Assumptions FY’24(1) Total Revenue Growth: As-Reported As-Adjusted Revenue Growth: AECO +High teens/low 20s +High teens/low 20s Organic 2% to 5% Field Systems Minus low 20%s Flat Acquisition 2% Transportation & Logistics +MSD/HSD% +MSD

  14. Slide 14: As-Adjusted Reconciliation

    As-Adjusted Reconciliation $ in MMs Q1’22 Q2’22 Q3’22 Q4’22 FY’22 Q1’23 Q2’23 Q3’23 Q4’23 FY’23 Revenue, As-Reported $994 $941 $885 $857 $3,676 $915 $994 $957 $932 $3,799 Less: Agriculture ($172) ($151) ($134) ($122) ($579) ($146) ($134) ($119) ($110) ($508) Revenue, As-Adjusted for Ag JV $821 $791

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