Caterpillar, Inc. · NYSE:CAT
Caterpillar — Q1 2016 Earnings Presentation
8 slides from Caterpillar's earnings presentation, Apr 22, 2016
Slide 1: First-Quarter 2016 Financial Review
First-Quarter 2016 Financial Review April 22, 2016 CUSTOMERS. PEOPLE. STOCKHOLDERS. 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “w
Slide 3: Discussion
Discussion • 1st Quarter 2016 Results / 2016 Outlook Mike DeWalt • Important Discussion Points Doug Oberhelman • Q&A Doug Oberhelman Brad Halverson Mike DeWalt CUSTOMERS. PEOPLE. STOCKHOLDERS. 3
Slide 4: Q1 2016 vs Q1 2015 Financial Results
Q1 2016 Sales and Revenues and Profit Per Q1 2016 vs Q1 2015 Financial Results Share excluding restructuring costs were lower than Q1 2015, but were about as expected 1st Quarter 2015 2016 Change Sales and Revenues (billions) $12.7 $9.5 $(3.2) Profit Per Share $2.03 $0.46 $(1.57) Restructuring Costs
Slide 5: Sales & Revenues Change Q1 2016 vs Q1 2015
Sales & Revenues Change Q1 2016 vs Q1 2015 1st Quarter (billions of dollars) 2015 2016 Change Oil & Gas and Transportation made up over 80% of the decline – strong oil & gas backlog last year, Energy & Transportation $4.915 $3.278 $(1.637) big quarter for locomotive sales in Q1 last year. Industry w
Slide 6: Full-Year Outlook for 2016
Full-Year Outlook for 2016 Previous Current Outlook Outlook Sales and Revenues $40 to $44 Billion $40 to $42 Billion At the Midpoint of the Sales and Revenues Range Profit Per Share $3.50 $3.00 Restructuring Costs (millions) $400 $550 Profit Per Share $4.00 $3.70 Excluding Restructuring Costs Profit
Slide 7: Full-Year Outlook for 2016 – Outlook Midpoint down $1B
Full-Year Outlook for 2016 – Outlook Midpoint down $1B Construction Industries • No change in volume : China better / Latin America weaker than expected. Sentiment better, but too soon to change the outlook Resource Industries • Demand for the year a little weaker than expected … even though it’s al
Slide 8: Important Discussion Points
7 Important Discussion Points 1. Not much change to our expectations for 2016 sales – seeing some positives … China construction equipment, sentiment around construction in general and small uptick in commodities in Q1. However, no recovery in mining or oil & gas in sight for this year and rail cust