Caterpillar, Inc. · NYSE:CAT
Caterpillar — Q3 2018 Earnings Presentation
13 slides from Caterpillar's earnings presentation, Oct 23, 2018
Slide 1: Third Quarter 2018 Financial Review
Third Quarter 2018 Financial Review October 23, 2018
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: 2018 Financial Results
2018 Financial Results Third Quarter 2018 vs. Third Quarter 2017 Adjusted 3rd Quarter Highlights Sales and Revenues Profit Per Share Profit Per Share (in billions of dollars) (in dollars) (in dollars) Sales and Revenues up 18% $13.5 $2.88 $2.86 • Increased across the three primary 1 segments $13.5 P
Slide 4: Consolidated Operating Profit
Consolidated Operating Profit Third Quarter 2018 vs. Third Quarter 2017 3rd Quarter Highlights $3,000 Operating profit up 41% 155 (205) $2,500 793 • Higher sales volume across the three (77) (33) 36 (20) (23) 2,135 primary segments $2,000 • Favorable price realization 1,509 Millions of $ $1,500 • Hi
Slide 5: Construction Industries
Construction Industries Investor Day Segment Third Quarter 2018 vs. Third Quarter 2017 Margin Range 15%-17% 3rd Quarter Highlights Total Sales* Segment Profit Segment Profit (in billions of dollars) (in millions of dollars) as a percent of total sales* Total Sales Increase – $797M (16%) • North Amer
Slide 6: Resource Industries
Resource Industries Investor Day Segment Third Quarter 2018 vs. Third Quarter 2017 Margin Range 12%-16% 3rd Quarter Highlights Total Sales* Segment Profit Segment Profit (in billions of dollars) (in millions of dollars) as a percent of total sales* Total Sales Increase – $682M (35%) • Commodity fund
Slide 7: Energy & Transportation
Energy & Transportation Investor Day Segment Third Quarter 2018 vs. Third Quarter 2017 Margin Range 16%-18% 3rd Quarter Highlights Total Sales* Segment Profit Segment Profit (in billions of dollars) (in millions of dollars) as a percent of total sales* Total Sales Increase – $717M (15%) • Oil and Ga
Slide 8: Cash Flow and Capital Deployment
Cash Flow and Capital Deployment Third Quarter 2018 vs. Third Quarter 2017 ME&T Operating Cash Flow 3rd Quarter Highlights (in millions of dollars) ME&T Operating Cash Flow – $848M (up $237M) $848 • Mainly driven by higher profit offset by $1.0 billion of discretionary pension contribution $611 Capi
Slide 9: Full Year 2018 Outlook
Full Year 2018 Outlook Previous Outlook1 Current Outlook2 Profit Per Share Range $10.50 – $11.50 $10.65 – $11.65 Restructuring Costs ~$400 million ~$400 million Deferred Tax Balance Adjustment – $95 million Adjusted Profit Per Share Range $11.00 – $12.00 $11.00 – $12.00 1 As of July 30, 2018. 2 As o
Slide 10: Key Takeaways
Key Takeaways Record Strong Strong third-quarter operating financial profit per share margins position Profit per share outlook $10.65 to Executing our strategy and investing $11.65; Maintained adjusted profit for long-term profitable growth per share outlook $11.00 to $12.00 10
Slide 11: CATERPILLAR =
CATERPILLAR =
Slide 12: Appendix
CATERPILLAR’
Slide 13: Caterpillar Inc. – Appendix of Reconciliation to US GAAP
Caterpillar Inc. – Appendix of Reconciliation to US GAAP $65.9 $55.7 $55.2 $53.3 $47.0 $45.5 $38.5 13.9% 14.6% 11.1% 10.3% 9.8% 7.8% 3.0% 2012 2013 2014 2015 2016 2017 LTM * Sales & Revenues ($ in Billions) Operating Profit Margin 2012 2013 2014 2015 2016 2017 LTM* 3Q 2018 Operating margin % 13.9% 1