Caterpillar, Inc. · NYSE:CAT
Caterpillar — BofA Virtual HQ Visit (June 2022)
13 slides from Caterpillar's conference presentation, Jun 6, 2022
Slide 1: Denise Johnson, Group President, Caterpillar Inc.
Denise Johnson, Group President Caterpillar Inc.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “a
Slide 3: Resource Industries Key Messages
RESOURCE INDUSTRIES KEY MESSAGES • Conditions are favorable for continued growth in miner capital expenditures • We are well-positioned to continue to grow services • Caterpillar Autonomy is a differentiator in Mining and will be important for electrification • Electrification presents a significant
Slide 4: Resource Industries
Resource Industries MINING HEAVY CONSTRUCTION Surface & Underground QUARRY & AGGREGATES 4 Caterpillar: Confidential Green
Slide 5: Resource Industries Services Growth
Resource Industries Services Growth • Caterpillar’s Aftermarket Service Offerings and Rebuild Advantage Drive Customer Value 24/7 OPERATIONS, RUGGED AND REMOTE UP TO 2.5X 12.6 78,000+ 70%+ >60% MINING MACHINE AVERAGE CONNECTED ASSETS REMAN MACHINES SOLD PRICE CAT® MINING AND GROWING UTILIZATION WITH
Slide 6: Caterpillar Large Mining Truck Autonomy
6 Caterpillar Large Mining Truck Autonomy 24/7 operations >25 11 20 0 ~30% Caterpillar on three continents: has invested North and South in autonomous America, development YEARS Australia CUSTOMERS SITES INJURIES PRODUCTIVITY IMPROVEMENT 4B+ TONNES MOVED SAFELY Commodity applications: Our trucks hav
Slide 7: Caterpillar Autonomous Truck Adoption
Caterpillar Autonomous Truck Adoption Active and In-Progress Large Mining Truck Autonomy 1000 Cumulative Autonomous Trucks 900 800 • Field population growing rapidly 700 • Shifting from retrofit to factory 600 autonomy on new machines 500 • Since 2019, Caterpillar has 400 won 7 out of 8 greenfield 3
Slide 8: Economic Viability at Smaller Mines Increases Autonomous Opportunity
Economic Viability at Smaller Mines Increases Autonomous Opportunity Number of Mine Sites Based on Fleet Size Large Mining Truck Fleet Size ≤ 20 2022+ • Early Caterpillar autonomy deployed at largest mine sites 21 - 40 2020+ • Economic viability now at <20 trucks • Significant increase in industry 4
Slide 9: Caterpillar Autonomy is a Differentiator in Mining
Caterpillar Autonomy is a Differentiator in Mining • Caterpillar led, site services growth focus • Autonomy business model: hardware, software and annual license fee • Autonomy = machines + service contracts + technology • Caterpillar advantages: productivity/speed, scalability, deep machine integra
Slide 10: Caterpillar Uniquely Positioned to Support Mining Sustainability
Caterpillar Uniquely Positioned to Support Mining Sustainability • Caterpillar power generation capabilities • Collaboration with customers at mine sites • Autonomy to include integrated power optimization 10 Caterpillar: Confidential Green
Slide 11: Battery Electric Mining Truck Accelerated Development Strategy
Battery Electric Mining Truck Accelerated Development Strategy • Close Collaboration with Customers 2022 2024 2025 2027+ • Machine technical • Product and technology • Fleet optimization • Full production feasibility validation • Validate production capabilities • Validate technical • Refine require
Slide 12: Caterpillar Offerings Enable Integrated Solutions to Support Miners
Caterpillar Offerings Enable Integrated Solutions to Support Miners • E&T and RI: Power Generation and Autonomy Play a Critical Role in Site Energy Management Recip or Gas Turbine Utility Energy Generation Renewable Energy Storage Solutions Generation Cable Reel Static Opportunity Crusher Charging R
Slide 13: Whatever the Challenge, There's Caterpillar
WHATEVER THE CHALLENGE Services | Integrated Technology | Carbon Reduction Autonomy | Site Solutions | Safety | Productivity THERE’S CATERPILLAR 13 Caterpillar: Confidential Green