Carrier Global Corporation · NYSE:CARR
Carrier Global — Stephens Investment Conference 2021
11 slides from Carrier Global's conference presentation, Dec 2, 2021
Slide 1: Stephens Investment Conference
STEPHENS INVESTMENT CONFERENCE December 2, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations
Slide 3: GAAP Reconciliations
GAAP RECONCILIATIONS 2
Slide 4: Use and Definitions of Non-GAAP Financial Measures
Use and Definitions of Non-GAAP Financial Measures Carrier Global Corporation (“Carrier”) reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certa
Slide 5: Carrier Q3 2021 vs 2020 Sales Reconciliation
Carrier Q3 2021 vs 2020 Sales Reconciliation Y/Y % Three Months Ended September 30, 2021 Compared with Three Months Ended September 30, 2020 (Unaudited) Factors Contributing to Total % change in Net Sales Acquisitions / Organic FX Translation Divestitures, net Other Total HVAC 2 % 1 % 3 % — % 6 % Re
Slide 6: Segment Adjusted Operating Profit Reconciliation
Segment Adjusted Operating Profit Reconciliation (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, September 30, (dollars in millions - Income (Expense)) 2021 2020 2021 2020 HVAC Net sales $ 3,054 $ 2,892 $ 8,660 $ 7,142 Operating profit $ 573 $ 839 $ 1,511 $ 1,364 Restr
Slide 7: Q3 2021 EPS Reconciliation
Q3 2021 EPS Reconciliation (Unaudited) For the Three Months Ended September 30, 2021 For the Nine Months Ended September 30, 2021 (In millions) Reported Adjustments Adjusted Reported Adjustments Adjusted Net sales $ 5,341 $ — $ 5,341 $ 15,480 $ — $ 15,480 Operating profit 828 30 a 858 2,182 105 a 2,
Slide 8: Q3 2020 EPS Reconciliation
Q3 2020 EPS Reconciliation (Unaudited) For the Three Months Ended September 30, 2020 For the Nine Months Ended September 30, 2020 (In millions) Reported Adjustments Adjusted Reported Adjustments Adjusted Net sales $ 5,002 $ — $ 5,002 $ 12,862 $ — $ 12,862 Operating profit 1,081 (214) a 867 1,838 (59
Slide 9: Segment Net Sales and Operating Profit
Segment Net Sales and Operating Profit (Unaudited) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 (In millions) Reported Adjusted Reported Adjusted Reported Adjusted Reported Adjusted Net sales HVAC $ 3,054 $ 3,054 $ 2,892 $ 2,892 $ 8,660 $ 8,660
Slide 10: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation (Unaudited) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 (In millions) 2020 2020 2020 2020 2020 2021 2021 2021 Net cash flows provided by operating activities $ 47 $ 509 $ 937 199 $ 1,692 $ 184 $ 561 $ 579 Less: Capital expenditures 48 46 57 161 312 53 79 74 Free cash flow $ (1) $ 463 $ 880
Slide 11: Carrier Q3 2021 vs 2019 Organic Sales Reconciliation
Carrier Q3 2021 vs 2019 Organic Sales Reconciliation Three Months Ended September 30, 2021 Compared with Three Months Ended September 30, 2019 (Unaudited) Factors Contributing to Total % change in Net Sales Acquisitions / Organic FX Translation Divestitures, net Other Total Consolidated 7% 2 % 2 % —