Slide 1: Investor Teleconference Presentation Second Quarter 2024
Linde plc Investor Teleconference Presentation Second Quarter 2024 August 2, 2024 Making our world more productive
Slide 2: Forward-Looking Statement
Forward-Looking Statement This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, cou
Slide 3: Global End Market Trends
Global End Market Trends % of Sales(1) YoY Sales(2) Seq. Sales(2) 2Q 2024 End Market & YoY Trend Growth Growth Consumer Related End Markets (More Resilient) Healthcare 17% -1% -- Food & Beverage 10% +8% +7% Electronics 9% +7% +7% Industrial Related End Markets (More Cyclical) Manufacturing 22% +4% +
Slide 4: Second-Quarter Adjusted Results
Second-Quarter Adjusted Results (1) ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var YOY SEQ. Sales $8,267 $8,100 2% $8,204 1% Sales Growth + 1% + 2% Volume -- + 3% Operating Profit $2,422 $2,341 3% $2,286 6% Price / Mix + 3% + 1% % of Sales 29.3% 28.9% 27.9% Cost pass-thru - 1% - 1% Currency - 2% - 1% Income
Slide 5: 2Q Capital Management
2Q Capital Management Operating Cash Flow (OCF) Trend ($B) YTD Capital Allocation Business Return to 2023 2024 Investments Shareholders $2.3B $3.8B Base capex(1) $1.2B Net share buybacks Secured growth(2) $2.5B $1.1B Dividends $1.3B OCF $2.2 $2.5 $2.7 $2.0 $1.9 Base CAPEX (1) ($0.6) ($0.6) ($0.7) ($
Slide 6: 2024 Guidance
2024 Guidance 3rd Quarter 2024 Full-Year 2024 Adjusted EPS in the range of $15.40 to $15.60 (1) Adjusted EPS in the range of $3.82 to $3.92 (1) • +5% to +8% vs. 2023 • +8% to +10% vs. 2023 • Estimated YoY currency headwind -1% • Estimated YoY currency headwind -1% • +6% to +9% vs. 2023 excluding
Slide 7: Appendix
Appendix 7
Slide 8: Americas
Americas ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var YOY SEQ. Sales $3,655 $3,560 3% $3,541 3% Sales Growth + 3% + 3% Volume -- + 2% Operating Profit $1,159 $1,088 7% $1,070 8% Price / Mix + 4% + 2% % of Sales 31.7% 30.6% 30.2% Cost pass-thru -- -- Currency - 1% - 1% Acq / Div -- -- Sales by End Market
Slide 9: APAC
APAC ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var YOY SEQ. Sales Growth - 2% + 4% Sales $1,657 $1,591 4% $1,683 -2% Volume -- + 4% Operating Profit $474 $447 6% $472 0% Price / Mix -- + 1% % of Sales 28.6% 28.1% 28.0% Cost pass-thru + 1% -- Currency - 3% - 1% Acq / Div -- -- Sales by End Market YoY margi
Slide 10: EMEA
EMEA ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var YOY SEQ. Sales $2,091 $2,091 0% $2,160 -3% Sales Growth - 3% -- Volume - 1% + 2% Operating Profit $704 $687 2% $630 12% Price / Mix + 3% + 1% % of Sales 33.7% 32.9% 29.2% Cost pass-thru - 4% - 2% Currency - 1% - 1% Acq / Div -- -- Sales by End Market Ex.
Slide 11: Engineering
Engineering ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var Stable margins led by good execution and benefits from productivity and cost Sales $544 $539 1% $495 10% actions Operating Profit $96 $100 -4% $107 -10% Order intake of projects, $0.3B % of Sales 17.6% 18.6% 21.6% SOP (sale of plant) backlog $3
Slide 12: Global Other
Global Other ($MM) 2Q 2024 1Q 2024 Var 2Q 2023 Var 2Q impacted by Global Helium business despite lower corporate cost Sales $320 $319 0% $325 -2% Sequentially lower margins driven by Operating Profit ($11) $19 -158% $7 -257% net benefit of insurance settlement in 1Q % of Sales -3.4% 6.0% 2.2% 12
Slide 13: High-Quality Project Backlog $7.9B
High-Quality Project Backlog $7.9B Geography SOP Backlog (1) SOG Backlog (2) $3.2B $4.7B End Market Contractual growth Contractual growth Secure cash flow Secure cash flow Double-digit IRR Double-digit IRR Clean Energy High-quality customers High-quality customers Primarily enginee
Slide 14: Sustainable Development Highlights
Sustainable Development Highlights Best-in-class Enabled the safety performance 350,000 people avoidance of >2x more Lost Workday Case Rate more benefited from global GHG emissions than 4x better than U.S. employee community Occupational than were emitted in all the Health and Safety Administration
Slide 15: ESG Performance vs. 2028 Goals
ESG Performance vs. 2028 Goals Target: 35% Reduction in GHG Emissions Intensity 2018-2028 (1) Decarbonizing our Future Linde Increases Production Capacity and Reduces Emissions in Florida ESG News and Recognitions Linde Publishes 2023 Sustainable Development Report FTSE4Good Recognizes Linde f
Slide 16: Strategy
Strategy Network density Capex efficiency Optimize the Base Productivity/digitalization Portfolio optimization Price management Price and volume Leverage the Recovery Cost management >10% EPS Operations optimization Growth Electronics Backlog start-up Capitalize on Growth Healt
Slide 17: Non-GAAP Measures
Non-GAAP Measures —Lindle LINDE PLC AND SUBSIDIARIES SUMMARY NON-GAAP RECONCILIATIONS (UNAUDITED) The following adjusted amounts are Non-GAAP measures and are intended to supplement investors’ understanding of the company’s financial statements by providing measures which investors, financial analys
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Non-GAAP Measures, continued LINDE PLC AND SUBSIDIARIES APPENDIX NON-GAAP MEASURES AND RECONCILIATIONS (Millions of dollars) (UNAUDITED) (Millions of dollars) 2024 2023 Q2 Q1 Q4 Q3 Q2 Q1 Available Operating Cash Flow (AOCF) and Base Capex - Available operating cash flow is a measure used by investor
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Slide 29: Investor Relations
Investor Relations For further information, please contact: Phone: +1-203-837-2210 Email: investor.relations@linde.com Internet: www.linde.com/en/investors 29