Trimble Inc. · NASDAQ:TRMB

Trimble — Q1 2021 Earnings Presentation

11 slides from Trimble's earnings presentation, May 5, 2021

  1. Slide 1: Trimble First Quarter 2021 Results Summary

    Trimble First Quarter 2021 Results Summary

  2. Slide 2: First quarter 2021 highlights

    First quarter 2021 highlights ▪ Outperformed expectations in the quarter Key ▪ End market strength Messages ▪ Increasing investments in the business to accelerate Connect & Scale 2025 strategy ▪ Q1 revenue: $887 million, +12% overall, +10% organic ▪ ARR: $1.32B, +9% overall, +7% organic Financial ▪

  3. Slide 3: Trimble playbook and reporting segment highlights

    Trimble playbook and reporting segment highlights Trimble Playbook Reporting Segments ▪ Secular opportunity to digitize large global ▪ Buildings & Infrastructure: continued conversion in markets that are underserved and business models; segment now ~65% software-related. underpenetrated Poised to be

  4. Slide 4: Trimble Operating System highlights

    Trimble Operating System highlights Trimble Operating Proof Points System ▪ Subscription transitions in construction software offerings - Tekla Structures and Trimble MEP Strategy ▪ Strong recurring bookings in transportation enterprise business ▪ Manhattan divestiture completed in early Q2 People ▪

  5. Slide 5: First quarter 2021 financial summary

    First quarter 2021 financial summary $M, Except Per Share First Quarter of Non-GAAP Highlights 2020 2021 Y/Y Change ▪ Non-GAAP Revenue: +12% y/y; Revenue $794.0 $886.7 +12% – Organic +10% Gross Margin % of Revenue 59.1% 58.4% -70bps – Currency translation +3% Adjusted EBITDA $180.4 $231.3 +28% – Acq

  6. Slide 6: First quarter revenue trends by type and geography

    First quarter revenue trends by type and geography Recurring Revenue Streams Q1’2021 Revenue by Geography $ Billions First Quarter of Rest of World 2020 2021 Y/Y $46m, +5% Change Annualized Recurring Revenue (ARR) $1.22 $1.32 +9% Asia-Pacific $110m, +17% Non-Recurring Revenue Streams $415m, $450m, N

  7. Slide 7: Financial metric highlights

    Financial metric highlights Annualized recurring revenue Approx. $1.4B backlog(1) ≈$1.32B (+9% growth) TTM research & development $1.87B in TTM software, services 15.0% of revenue and recurring revenue (>65% of R&D in software) Net working capital +12% Deferred Revenue growth <0% of TTM revenue TTM

  8. Slide 8: First quarter 2021 segment results

    First quarter 2021 segment results Q1’21 Q1’21 Operating $M Revenue & Y/Y Q1’21 Commentary Income $ / % Growth $343.1, +16% ▪ Broad based growth in civil and building construction and across major regions Buildings & $96.4 (+13% organic, +3% FX, ▪ Strong growth in both hardware and software Infrastr

  9. Slide 9: 2021 updated outlook

    2021 updated outlook ▪ Key planning assumptions ‒ Broad reopening of economies continues; GDP momentum continues to build ‒ Supply environment challenged ‒ Excludes impact of future acquisitions and divestitures ▪ 2021 non-GAAP Revenue $3.4B-$3.5B ‒ Organic revenue growth high single digits, plus ≈1

  10. Slide 10: 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 Litigation

  11. Slide 11: Q&A

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