Caterpillar, Inc. · NYSE:CAT
Caterpillar — Baird's 2013 Industrial Conference
9 slides from Caterpillar's conference presentation, Nov 6, 2013
Slide 1: Baird's 2013 Industrial Conference
Baird’s 2013 Industrial Conference Rich Moore – Director of Investor Relations
Slide 2: Forward-Looking Statements
Page 2 Forward-Looking Statements Certain statements in this Release 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,” “ant
Slide 3: 3rd Quarter 2013 versus 3rd Quarter 2012
Page 3 3rd Quarter 2013 versus 3rd Quarter 2012 Sales & Revenues Profit after tax Profit per share (in billions) (in millions) (in dollars) $16.4 $1,699 $2.54 $13.4 $946 $1.45 2012 2013 2012 2013 2012 2013 CATERPILLAR CONFIDENTIAL: GREEN
Slide 4: 2013 Outlook
Page 4 2013 Outlook 2013 Profit Outlook * Outlook is as of October 23, 2013 Revised Sales & Revenues Profit per share (in billions) (in dollars) $65.9 $8.48 $60.1 About $7.40 $55* About $42.6 $5.50* $4.15 2010 2011 2012 2013 2010 2011 2012 2013 CATERPILLAR CONFIDENTIAL: GREEN
Slide 5: Quarterly Profit per Share
Page 5 Quarterly Profit per Share $3.00 Profit Per Share by Quarter $2.54 $2.54 $2.50 $2.00 $1.50 $1.45 $1.45 $1.31 $1.29 * $1.04 $1.00 $0.50 $0.00 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13* *4Q13 based on outlook as of October 23, 2013 CATERPILLAR CONFIDENTIAL: GREEN
Slide 6: Discussion Points
Page 6 Discussion Points Third quarter 2013 market conditions were challenging – Sales and profit lower in all equipment segments – Mining equipment orders remain weak – Price realization was negative However, there were bright spots – things under our control – Strong balance sheet and cash flo
Slide 7: Long-term Thesis Remains Intact
Page 7 Long-term Thesis Remains Intact World population growth, urbanization, rising middle class Strength of the Caterpillar business model We are in the right businesses We are managing costs and ready to act when business improves Positioned to win CATERPILLAR CONFIDENTIAL: GREEN
Slide 8: Questions:
Page 8 Questions: Can you tell us more about 2014 profit guidance? What is behind the weak margins in Construction Industries? Power Systems margins remain strong – are they sustainable? Good cash generation – will you repurchase more stock? Why are Mining sales so difficult to forecast? C
Slide 9: CATERPILLAR
CATERPILLAR’