Caterpillar, Inc. · NYSE:CAT
Caterpillar — Investor Presentation (2025)
23 slides from Caterpillar's investor presentation, Jun 5, 2025
Slide 1: Overview
OVERVIEW WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD. CATERPI LLAR
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: Diversified portfolio with attractive profitable growth opportunities
Financial Products Segment (FP) $4.1B Resource Industries Energy & Diversified portfolio Attractive profitable (RI) Transportation that includes growth opportunities $12.4B (E&T) $28.9B • Oil & Gas • Data Centers • Power Generation • Distributed Generation Construction Industries • Industrial • Natu
Slide 4: Optimizing customer success through products and services
OPTIMIZING CUSTOMER SUCCESS THROUGH PRODUCTS AND SERVICES POWER GENERATION OIL & GAS INDUSTRIAL TRANSPORTATION 22% • Engines and turbines generate • Solutions support extraction • Engines power our • Marine engines power primary and backup power and production of natural gas Caterpillar machines com
Slide 5: Delivering solutions for our customers' growing needs
DELIVERING SOLUTIONS FOR OUR CUSTOMERS’ GROWING NEEDS POWER GENERATION OIL & GAS INDUSTRIAL TRANSPORTATION DIESEL OR GAS ENERGY STORAGE RECIP DIESEL RECIP DUAL GENERATOR SETS SYSTEMS & GAS ENGINES FUEL ENGINES MOBILE POWER UNITS RECIP DIESEL EMD & GAS ENGINES LOCOMOTIVES SOLAR GAS TURBINE ENERGY STO
Slide 6: Power generation: improving energy resiliency and reliability
32% OIL & GAS INDUSTRIAL TRANSPORTATION Improving energy resiliency and reliability through products, services and digital offerings Reciprocating engines2 and turbines Reciprocating engines2 and turbines KEY PRODUCTS TO POWER ELECTRIC UTILITIES, TO SUPPORT DATA CENTERS, UTILITIES, HOSPITALS, MANUFA
Slide 7: Oil & gas: customized sustainable customer solutions
POWER GENERATION 29% INDUSTRIAL TRANSPORTATION Customized sustainable customer solutions in a heavily services-biased business KEY Reciprocating engines2, Reciprocating engines2, Turbines and PRODUCTS hybrid drill rig transmissions, pumps, flow iron reciprocating engines2 Hybrid drill rig, dynamic g
Slide 8: Industrial: reliability, durability and services support differentiate our engines
POWER GENERATION OIL & GAS 17% TRANSPORTATION Reliability, durability and services support differentiate our engines Reciprocating engines2 KEY Reciprocating engines2 PRODUCTS FOR APPLICATIONS IN CONSTRUCTION, AGRICULTURE, DEFENSE, FOR CONSTRUCTION AND MINING EQUIPMENT INDUSTRIAL, ELECTRIC POWER, OI
Slide 9: Transportation: broad suite of services and digital offerings
POWER GENERATION OIL & GAS INDUSTRIAL 22% Broad suite of services and digital offerings to help our customers succeed Reciprocating engines2 Locomotives, signaling and services KEY PRODUCTS FOR COMMERCIAL AND GOVERNMENT RAIL SERVICES INCLUDE INFRASTRUCTURE WORKBOATS, PLEASURE CRAFTS AND REMANUFACTUR
Slide 10: Services and digital offerings; Cat Reman advantage
POWER GENERATION1 OIL & GAS1 INDUSTRIAL TRANSPORTATION RAIL Talos Energy Management Tangent Oilfield Flexible Leveraging machine learning and AI to encode locomotive engineer behavior, Energy Solutions Equipment Services Connectivity analyze train runs & optimize operation Energy as a Service – mone
Slide 11: Growth Opportunities
GROWTH OPPORTUNITIES WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD. CATERPI LLAR
Slide 12: Our opportunities: U.S. electricity demand
OUR OP P OR T UNIT IES 7000 DEMAND FOR LARGE 6000 ENGINES / TURBINES +25% TO SUPPORT DATA CENTERS 2023 - 2035 DEMAND FOR RELIABLE +4% 5000 DISTRIBUTED GENERATION 2010 - 2023 / GRID SUPPORT 4000 DEMAND FOR NATURAL GAS AS A SOURCE OF ENERGY 3000 2010 2022 2023 2030 2035 2050 U.S. ELECTRICITY DEMAND1 (
Slide 13: Data center power solutions
1 SOLAR TURBINES USED FOR BRIDGE POWER UNTIL THE Reciprocating engines1 UTILITY GRID HAS CAPACITY ~UP TO 38MW PER TURBINE for Runs 24/7 Turbines for TYPICAL HYPER-SCALER DATA CENTER USES CAT ENGINES USED FOR BACKUP POWER ~2-4MW PER ENGINE EQUIVALENT2 TO THE POWER NEEDED FOR 1) Reciprocating engines
Slide 14: What is Distributed Generation?
What is Distributed Generation? Production of electricity from localized, non-utility grid energy sources placed close to where the electricity is used. TEMPORARY OR COMBINED HEAT & MICROGRIDS PERMANENT POWER POWER Cat® Solutions Include RECIPROCATING ENGINES1 And Small power ecosystems And generate
Slide 15: Increasing importance of natural gas as a transition fuel
INCREASING IMPORTANCE OF NATURAL GAS AS A TRANSITION FUEL OUR OP P OR T UNIT IES 6000 5000 +12% 2023 - 2035 Billions of Cubic Meters 4000 3000 2010 2022 2023 2030 2035 2040 GLOBAL NATURAL GAS DEMAND1 1) U.S. Energy Information Administration, World Energy Projection System (2023), International Ener
Slide 16: Growing trend: customers leverage natural gas to generate power
SPM • Large Bore Manifold • Frac Hose Growing Trend CUSTOMERS LEVERAGE NATURAL GAS TO GENERATE POWER TO SUPPORT THE GRID Cat® Solutions Include RECIPROCATING ENGINES1 TRANSMISSIONS PUMPS FLOW IRON FLEET OPTIMIZATION TECHNOLOGY E-FRAC OPTIONS POWERED BY CAT EQUIPMENT 1 CAT ENGINE CAT TRANSMISSION SPM
Slide 17: Natural gas compression to LNG plants
TITAN 250 COMPRESSOR SET CAT 3600 ENGINE2 COMPRESSES NATURAL GAS Both run 24/7 CAT ENGINE FOR BACKUP POWER Natural gas-powered Reciprocating Engines2 Natural gas-powered Solar Turbines compress gas down pipelines to LNG plants compress gas down pipelines to LNG plants 1) Liquefied Natural Gas, natur
Slide 18: Next generation diesel, dynamic gas blending, natural gas engines
WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD C13D 3512E G3520K MORE USES UP TO 20-25% POWER, 85% LESS LOWER CO2 LESS FUEL DIESEL EMISSIONS1 NEXT GENERATION DIESEL DYNAMIC GAS BLENDING NATURAL GAS High power density engines with Dynamic Gas Blending (DGB) engines 100% natural gas engi
Slide 19: Digital fleet optimization solutions and remanufacturing
WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD DIGITAL FLEET OPTIMIZATION SOLUTIONS REMANUFACTURING Fleet monitoring solutions optimize operations Promotes the circular economy and a through improved efficiency lower total cost of ownership U P TO 80-90% 65-87% 15% FUEL SAVINGS & GHG R
Slide 20: Accelerating technologies, expanding our portfolio and capability
ACCELERATING TECHNOLOGIES, EXPANDING OUR PORTFOLIO AND CAPABILITY TO BETTER SERVE OUR CUSTOMERS ORGANIC select examples MORE THAN DOUBLING INVESTING IN HIGH POWER NEW TITAN 350 38MW TURBINE MODULAR AND SCALABLE OUTPUT CAPABILITY FOR DENSITY, COMPACT AND CLASS EXPANDS OUR TOTAL SOLUTIONS CONNECT LARG
Slide 21: Diversified portfolio with attractive profitable growth opportunities
Financial Products Segment (FP) $4.1B Resource Industries Energy & Diversified portfolio Attractive profitable (RI) Transportation that includes growth opportunities $12.4B (E&T) $28.9B • Oil & Gas • Data Centers • Power Generation • Distributed Generation Construction Industries • Industrial • Natu
Slide 22: Profitable Growth
: =) PROFITABLE GROWTH WE HELP OUR CUSTOMERS BUILD A BETTER, MORE SUSTAINABLE WORLD.
Slide 23: Glossary
Glossary • BACKUP/STANDBY POWER: Secondary source of power for an • POWER DENSITY: The power generated from a given size of application, turns on during power outage of primary source. engine, e.g., our C13D engine has power ratings above many For example, a hospital has backup power generators to e