Carrier Global Corporation · NYSE:CARR
Carrier Global — J.P. Morgan Industrials Conference 2021
9 slides from Carrier Global's conference presentation, Mar 16, 2021
Slide 1: JP Morgan 2021 Industrials Conference
JP MORGAN 2021 INDUSTRIALS CONFERENCE March 16, 2021
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: Carrier 2020 vs 2019 Sales Reconciliation
Carrier 2020 vs 2019 Sales Reconciliation Y/Y % Three Months Ended December 31, 2020 Compared with Three Months Ended December 31, 2019 Factors Contributing to Total % change in Net Sales FX Acquisitions / (Unaudited) Organic Translation Divestitures, net Other Total HVAC 4% 2% —% —% 6% Refrigeratio
Slide 6: Segment Adjusted Operating Profit Reconciliation
Segment Adjusted Operating Profit Reconciliation For the Three Months Ended For the Year Ended (Unaudited) December 31, December 31, (dollars in millions - Income (Expense)) 2020 2019 2020 2019 HVAC Net sales $ 2,336 $ 2,207 $ 9,478 $ 9,712 Operating profit $ 1,098 $ 321 $ 2,462 $ 1,563 Restructurin
Slide 7: 2020 EPS Reconciliation
2020 EPS Reconciliation (Unaudited) For the Three Months Ended For the Twelve Months Ended (dollars in millions - Income (Expense)) 2020 2019 2020 2019 Net income attributable to common shareowners $ 884 $ 440 $ 1,982 $ 2,116 Total restructuring costs (30) (29) (49) (126) Total non-recurring and non
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 operating activities $ 47 $ (183) Less: Capital expenditures 48 41 Free cash flow $ (1) $ (224) Free cash
Slide 9: Net Debt to Adjusted EBITDA Reconciliation
Net Debt to Adjusted EBITDA Reconciliation Twelve Months Ended (dollars in millions) December 31, 2020 March 31, 2020 Long-term debt $ 10,036 $ 11,029 Current portion of long-term debt 191 218 Less: Cash and cash equivalents 3,115 768 Net debt(1) $ 7,112 $ 10,479 Net income attributable to common sh
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