Slide 1: Q1 2026 Results
ZURICH, SWITZERLAND | APRIL 22, 2026 | MORTEN WIEROD, CEO; CHRISTIAN NILSSON, CFO Q1 2026 RESULTS Strong orders, business driven performance improvement and high cash flow
Slide 2: Important notices
— Important notices This presentation includes forward-looking There are numerous risks and uncertainties, Although ABB Ltd believes that its many of which are beyond our control, that expectations reflected in any such information and statements including could cause our actual results to differ fo
Slide 3: Q1 2026 Selected highlights
— FCF — +24%1 23.5% $1,250 mn Q1 2026 order growth Op. EBITA margin +$598 mn YoY Selected highlights +320bps YoY +11%1 • Strong business performance a key driver 27.2% revenues • Operational leverage on higher volumes ROCE • Additional support from real estate gain +280 bps YoY Launch of new share b
Slide 4: Automation Lifecycle Services: Automation Extended
— — Automation Extended ABB External clouds AUTOMATION EXTENDED ECOSYSTEM AUTOMATION LIFECYCLE SERVICES Extended M&O1 Applications Off-prem Ecosystem that Builds on long-standing leadership with the separates control world’s largest DCS installed base environment from a securely connecting DIGITAL E
Slide 5: Record orders; overall strong demand through the quarter
— Notable orders developments Record orders; overall strong demand through the quarter comparable % YoY, unless otherwise indicated Orders +24%1 11,298 Revenues +11%1 Short-cycle Data centers & utilities 8,734 Double-digit growth in short- A buoyant data center market 8,394 8,589 7,333 7,382 11% cyc
Slide 6: Strong in all regions
— Strong in all regions Q1 2026 regional, country orders The Americas +48% Europe +13% AMEA +10% USA +67% Germany +11% China +3% Double-digit growth in Single-digit growth in Strong growth in EL all business areas EL and MO, and growth in MO AU strong double-digit Double-digit decline ~30% growth in
Slide 7: Operational EBITA +37% YoY
— Gross profit +10% • Gross margin declined 290 bps to 39.4%, Operational EBITA +37% YoY pressured mainly by unrealized FX and commodities derivatives Improved business performance Earnings and profitability drivers • Strong business performance was the key driver 2,049 • Contribution from operation
Slide 8: Buoyant market; orders surged to record level, Q1 2026 Electrification
— Buoyant market; orders surged to record level Q1 2026 Electrification Orders $6,647 mn Revenues $4,613 mn Operational EBITA $1,105 mn, +25% YoY 7,000 55% 5,000 25% 1,200 24.0% 26% 44% 23.2% 15% 22.4% 6,000 35% 4,500 800 22% 6% 10% 5,000 6% 8% 2% 15% 4,000 400 18% 4,000 3,000 -5% 3,500 -5% 0 14% Q1
Slide 9: Record orders; margin pressure mainly from acquisition, Q1 2026 Motion
— Record orders; margin pressure mainly from acquisition Q1 2026 Motion Orders $2,548 mn Revenues $2,142 mn Operational EBITA $398 mn, 11% YoY 20% 2,500 30% 500 22% 2,700 20% 2,200 2,000 1% 9% 5% 7% 10% 250 19.6% 18% 3% 18.5% 18.5% 1,700 -4% 1,500 -6% 0% 1,200 -10% 1,000 -10% 0 14% Q1 Q2 Q3 Q4 Q1 Q2
Slide 10: Robust demand; order backlog up 25% YoY, Q1 2026 Automation
— Robust demand; order backlog up 25% YoY Q1 2026 Automation Orders $2,464 mn Revenues $2,147 mn Operational EBITA $311 mn, +22% YoY 3,000 50% 2,500 30% 320 16% 14.7% 30% 20% 15.5% 2,000 2,000 24% 10% 10% 160 14.2% 13% 13% 1,500 10% -23% 5% -10% 0% -3% 1,000 -30% 1,000 -10% 0 10% Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 11: Record Q1 Free Cash Flow
— — Record Q1 Free Cash Flow Very strong Free Cash Flow to start the year ($ mn) 1,552 1,517 $1.3bn, +$598 mn YoY 1,295 1,250 1,173 Drivers of Q1 increase: 918 845 • Stronger earnings and reduction 652 551 in Trade net working capital • Proceeds from sale of real estate supported FCF by ~$425 mn 202
Slide 12: Outlook
— Outlook U P D AT E D Q2 2026 FY 2026 Revenues Operational EBITA % Revenues Operational EBITA % • High single-digit to low • Operational EBITA margin • High single-digit to low • Operational EBITA margin double-digit growth in should improve YoY double-digit growth in should improve YoY, even compa
Slide 13: Appendix
Appendix
Slide 14: 2026 framework
— 2026 framework Q2 26 20261 2026 Q1 26 3M 26 $ mn unless otherwise stated framework framework framework Corporate and Other Operational ~(100) Finance net 20 ~150 281 ~(125) EBITA2 From ~(125) ~(100) Effective tax rate3 25.7% ~25% of which stranded costs4 (26) ~(25) From ~(125) ~(1,000) Capital exp
Slide 15: Operational EBITA bridge
— Operational EBITA bridge Operational EBITA margin (%) 20.3% 23.5% Accretion / dilution +0.5 +2.5 +0.4 -0.2 (%) 2,049 1 108 -225 242 428 1,495 Operational performance Operational EBITA $203 million ($ mn) Q1 2025 Volume/price Operations Items FX Portfolio Q1 2026 impacting changes Comparable revenu
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