Slide 1: Slide 1
Slide 2: Orders
Orders $inmillions 9,500 8,500 7,500 6,500 5,500 2020 2021 ue Orders 2022 Comparable growth %
Slide 3: Business momentum in the first quarter
ABB INTERIM REPORT I Q1 2022 3 Business momentum in the first quarter was very strong, supported by most major customer segments. This generated a strong positive order development in all business areas, despite a smaller contribution from large orders compared with the prior year and the order de-b
Slide 4: Basic EPS
Basic EPS $ per share 2.20 1.70 1.20 0.40 0.30 0.20 “ l | | | -0.10 | 2020 2021 2022
Slide 5: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 3,000 | 20% 1,500 15% 1,000 10% | | | [ | l | | : [ 0% 2020 2021 2022 james Operational EBITA ummm Income from operations Operational EBITA margin %
Slide 6: Gross profit, income from operations and Operational EBITA
ABB INTERIM REPORT I Q1 2022 4 Gross profit Gross margin decreased to 32.7%, a slight decline of 20 basis points year -on-year, primarily due to the divestment of Mechanical Power Transmission, but to some extent also to a decline in Robotics & Discrete Automation. Gross profit improved slightly by
Slide 7: Net Cash (Net Debt) position
Net Cash (Net Debt) position $inmillions 500 a _ -2,500 -5,500 -8,500 2020 2021 2022
Slide 8: Free cash flow conversion to net income, R12M
Free cash flow conversion to net income’, R12M 400% 300% 200% 100% 0% 2020 2021 2022
Slide 9: Net working capital, capex, net debt and cash flows
ABB INTERIM REPORT I Q1 2022 5 Net working capital Net working capital amounted to $3,461 million, increasing both year-on-year from $2,904 million and sequentially from $2,303 million. The sequential increase was driven primarily by inventories to support future deliveries to the strong market dema
Slide 10: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 4,500 16,000 4,000 14,000 3,500 12,000 3,000 2,500 . 10,000 2020 2021 2022 sommes Orders (mmm Revenues Orders 12M rolling
Slide 11: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 600 20% 450 15% 300 10% 150 5% ° 0% -150 5% 2020 2021 2022 (@mmemm Operational EBITA qm Income from operations Operational EBITA margin %
Slide 12: Orders and revenues
ABB INTERIM REPORT I Q1 2022 6 Orders and revenues Demand was very strong across all customer segments in the first quarter, resulting in an order growth of 25% (29% comparable) to $4,397 million, the highest level in recent history. Book-to-bill was 1.3 and the order backlog extended to a record le
Slide 13: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,500 8,000 2,000 7,500 1,500 7,000 1,000 6,500 500 6,000 2020 2021 2022 ammses Orders mmm Revenues Orders 12M rolling
Slide 14: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 2,500 25% 2,400 j 20% 400 15% 300 10% 200 100 5% ° 0% 2020 2021 2022 "ummm Operational EBITA mmm Income from operations Operational EBITA margin %
Slide 15: Orders and revenues
ABB INTERIM REPORT I Q1 2022 7 Orders and revenues Order intake increased by 15% (32% comparable) to $2,202 million, the highest level for several years, despite the full impact from the divestment of Mechanical Power Transmission (Dodge) as well as a smaller contribution from large orders, year-on-
Slide 16: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,000 7,000 1,500 6,500 1,000 6,000 500 5,500 2020 2021 2022 am Orders mame Revenues Orders 12M rolling
Slide 17: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 250 20% 200 15% 150 10% 100 50 5% co) 0% 2020 2021 2022 "ummm Operational EBITA was Income from operations Operational EBITA margin %
Slide 18: Orders and revenues
ABB INTERIM REPORT I Q1 2022 8 Orders and revenues On generally strong markets, the order intake increased by 2% (6% comparable) and amounted to $1,692 million, despite the order de -booking valued at approximately $190 million booked in Europe. ● Demand was strong across most customer segments, wit
Slide 19: Orders and Revenues
Orders and Revenues $ in millions 1,350 1,100 850 600 350 2020 2021 mmm Orders mmm Revenues Orders 12M rolling 2022 12M $in millions 4,500 4,000 3,500 3,000 2,500
Slide 20: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 120 15% 80 40 10% Co) 5% -40 -240 0% 2020 2021 2022 (Gama Operational EBITA mmm come from operations Operational EBITA margin %
Slide 21: Orders and revenues
ABB INTERIM REPORT I Q1 2022 9 Orders and revenues Order intake reached the highest quarterly level for several years and amounted to $1,308 million, up by 56% (60% comparable), year-on-year. Revenues on the other hand declined by 14% (12% comparable) to $730 million, materially hampered by componen
Slide 22: CO2 Scope 1&2
COz2 Scope 1&2 Ktons Ktons, RI2M 200 750 150 600 450 100 300 50 150 ° ° 2020 2021 2022 sumsmas Ktons of CO2 equivalent emissions (Scope 1&2) Ktons of CO2 equivalent emissions (Scope 1&2), RI2M
Slide 23: Lost Time Injury Frequency Rate
Lost Time Injury Frequency Rate LTIFR LTIFR,R12M 0.25 02 0.20 0.15 O41 0.10 0.05 0.0 a 2020 2021 2022 jmums LTIFR, frequency/200,000 working hours LTIFR, frequency/200,000 working hours, RI2M
Slide 24: Quarterly highlights
ABB INTERIM REPORT I Q1 2022 10 Quarterly highlights ● ABB adopted the United Nations (UN) Women’s Empowerment Principles to promote gender equality and women’s empowerment in the workplace, marketplace and community. As part of further promoting an inclusive culture, more than 7,500 senior managers
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Slide 26: Q1 2022 Financial Information Contents
2 Q1 2022 FINANCIAL INFORMATION — Financial Information Contents 03 ─ 05 Key Figures 06 ─ 30 Consolidated Financial Information (unaudited) 31 ─ 40 Supplemental Reconciliations and Definitions
Slide 27: Key Figures
3 Q1 2022 FINANCIAL INFORMATION — Key Figures CHANGE ($ in millions, unless otherwise indicated) Q1 2022 Q1 2021 US$ Comparable (1) Orders 9,373 7,756 21% 28% Order backlog (end March) 18,901 14,750 28% 32% Revenues 6,965 6,901 1% 7% Gross Profit 2,281 2,268 1% as % of revenues 32.7% 32.9% -0.2 pts
Slide 28: Q1 2022 Financial Information
30 Q1 2022 FINANCIAL INFORMATION