Carrier Global Corporation · NYSE:CARR
Carrier Global — Morgan Stanley Laguna Industrials Conference 2020
8 slides from Carrier Global's conference presentation, Sep 17, 2020
Slide 1: Morgan Stanley Laguna Conference
MORGAN STANLEY LAGUNA CONFERENCE September 17, 2020
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. From time to time, oral or written forward- looking statements may also be included in othe
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: Segment adjusted operating profit reconciliation
Segment adjusted operating profit reconciliation (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, (dollars in millions - Income (Expense)) 2020 2019 2020 2019 HVAC Net sales $ 2,291 $ 2,735 $ 4,250 $ 4,903 Operating profit $ 358 $ 545 $ 525 $ 838 Restructuring (1) (1
Slide 6: Constant currency reconciliation
Constant currency reconciliation For the Quarters Ended June 30 (dollars in millions) 2020 2019 % YoY HVAC Adjusted Operating Profit $ 359 $ 542 (34%) Impact of Foreign Exchange (7) Adjusted Operating Profit at constant currency $ 366 $ 542 (32%) Refrigeration Adjusted Operating Profit $ 64 $ 125 (4
Slide 7: 2020 EPS reconciliation
2020 EPS reconciliation (Unaudited) For the Three Months Ended For the Six Months Ended June 30, June 30, (dollars in millions - Income (Expense)) 2020 2019 2020 2019 Net income attributable to common shareowners $ 261 $ 784 $ 357 $ 1,184 Total restructuring costs (11) (30) (16) (63) Total non-recur
Slide 8: Free cash flow reconciliation
Free cash flow reconciliation (Unaudited) For the Three Months Ended March 31, (dollars in millions) 2020 2019 Net income attributable to common shareowners $ 96 $ 400 Net cash flows provided by (used in) operating activities $ 47 (183) Less: Capital expenditures 48 41 Free cash flow $ (1) $ (224) F
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