Trimble Inc. · NASDAQ:TRMB

Trimble — Q2 2020 Earnings Presentation

11 slides from Trimble's earnings presentation, Aug 5, 2020

  1. Slide 1: Trimble Second Quarter 2020 Results Summary

    Trimble Second Quarter 2020 Results Summary

  2. Slide 2: Second quarter 2020 highlights

    Second quarter 2020 highlights ▪ Outperformed expectations in the quarter despite COVID-19 challenges - results demonstrated increased resilience and diversification of portfolio ▪ Early and decisive actions fortified the business, financially and strategically Key ▪ We are committed to foster a div

  3. Slide 3: Second quarter income statement

    Second quarter income statement $M, Except Per Share Second Quarter of Non-GAAP Income Statement Highlights 2019 2020 Y/Y Change ▪ Non-GAAP Revenue: -14.1% Y/Y; Revenue $855.8 $735.2 -14% – Organic -15%, currency translation -1%, Acquisitions/divestitures +2% Gross Margin % of Revenue 56.9% 58.9% +2

  4. Slide 4: Second quarter cash flow and balance sheet

    Second quarter cash flow and balance sheet $M, Except Per Share Second Quarter of Cash Flow & Balance Sheet Highlights 2019 2020 Y/Y Change ▪ Operating cash flow 1.12X non-GAAP Cash Flow from Operations $177.9 $147.5 -17% net income; free cash flow at 18.3% of non-GAAP revenue, ahead of Q219 Free Ca

  5. Slide 5: Financial metric highlights

    Financial metric highlights Annualized recurring revenue ≈$1.21B Approx. $1.2B backlog (+6% growth) TTM research & development $1.8B in TTM software, services 14.8% of revenue and recurring revenue (>65% of R&D in software) Net working capital +17% Deferred Revenue growth 1% of TTM revenue Software,

  6. Slide 6: Second quarter revenue mix by type and geography

    Second quarter revenue mix by type and geography 6

  7. Slide 7: Second quarter segment results

    Second quarter segment results Q2’20 Q2’20 Operating $M Revenue & Y/Y Q2’20 Commentary Income $ / % Growth ▪ Strong ARR growth due to organic growth and subscription transition, including $295.3, -13% Buildings & $85.4 Viewpoint, eBuilder, and SketchUp (-12% organic, -1% FX, Infrastructure 28.9% ▪ H

  8. Slide 8: Q3 outlook considerations

    Q3 outlook considerations ▪ Revenue ‒ Buildings & Infrastructure, Geospatial, and Transportation segments expected to be down Y/Y but less than Q2 ‒ Resources & Utilities expected to grow Y/Y ‒ ARR: expect continued growth Y/Y due to organic growth and subscription transition ‒ Hardware, perpetual s

  9. Slide 9: We remain focused on executing our long term strategy - Connect & Scale 2025

    We remain focused on executing our long term strategy - Connect & Scale 2025 Strategic Levers Execution ▪ Connect industry lifecycles ▪ Connected supply chain - Community load match functionality connects Trimble’s shipper and carrier asset communities through an open and integrated platform to opti

  10. Slide 10: 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

  11. Slide 11: Q&A

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