Trimble Inc. · NASDAQ:TRMB
Trimble — Q4 2022 Earnings Presentation
9 slides from Trimble's earnings presentation, Feb 8, 2023
Slide 1: Fourth Quarter and Full Year 2022 Results Summary
Trimble Inc. Fourth Quarter and Full Year 2022 Results Summary © 2022 Trimble, Inc - All Rights Reserved - Confidential and Proprietary Information 1
Slide 2: Fourth quarter and full year 2022 highlights
Fourth quarter and full year 2022 highlights ● Continued focus and execution on Connect & Scale platform strategy - people, process & systems. ● Strong ARR and gross margin performance, despite economic uncertainty, reflecting Key Messages progression against the Connect & Scale strategy. ● Targeted
Slide 3: Connect & Scale: fourth quarter highlights
Connect & Scale: fourth quarter highlights 3
Slide 4: Fourth quarter revenue by type & geography
Fourth quarter revenue by type & geography Recurring Revenue Streams Q4’22 Revenue by Geography $ Billions Fourth Quarter of Rest of World Y/Y Y/Y $68m, +18% 2021 2022 Organic Change (+21% organic) Change Asia-Pacific Annualized Recurring $1.41 $1.60 +14% +16% $94m,-21% Revenue (-8% organic) Non-Rec
Slide 5: Fourth quarter 2022 financial summary
Fourth quarter 2022 financial summary $M, Except Per Share Fourth Quarter of ● Organic revenue: 0% y/y ○ Total revenue: -8% Non-GAAP Highlights 2021 2022 Y/Y Change ○ Currency translation: -4% Revenue $926.0 $856.5 -8% ○ Acquisitions: +2% Gross Margin % of Revenue 57.8% 61.8% +400 bps ○ Divestitures
Slide 6: Fiscal 2022 financial summary
Fiscal 2022 financial summary $M, Except Per Share Fiscal Year ● Organic revenue: +7% y/y ○ Total revenue: 0% Non-GAAP Highlights 2021 2022 Y/Y Change ○ Currency translation: -3% Revenue $3,659.4 $3,676.3 0% ○ Acquisitions: +1% Gross Margin % of Revenue 58.3% 60.0% +170 bps ○ Divestitures: -4% Adjus
Slide 7: Q4'22 and full year 2022 segment results
Q4’22 and full year 2022 segment results Fiscal Year 2022 Fourth Quarter 2022 $M Non-GAAP Non-GAAP Q4’22 Commentary Revenue Revenue Operating Operating & Y/Y Growth & Y/Y Growth Income $ / % Income $ / % ● Organic ARR growth >20% driven by strong bookings and net retention $1,494.0, +5% $350.2, -4%
Slide 8: 2023 Outlook
2023 Outlook ● Key planning assumptions ○ Continued mid-teens ARR growth with improved cash flow ○ Outlook excludes the impact of future acquisitions and divestitures including Transporeon. Transporeon is expected to close in 1H23 following regulatory approvals. 2022 2023 $M Commentary Actual Guidan
Slide 9: 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 Litigatio