Slide 1: Slide 1
Slide 2: Orders
Orders $inmillions 9,500 8,500 7,500 6,500 5,500 2022 2023 Comparable growth % -16%
Slide 3: ABB Interim Report Q2 2023: Order intake and revenues
ABB INTERIM REPORT I Q2 2023 3 Order intake declined by 2% (up 2% comparable) year-on-year, hampered by changes in exchange rates and in the portfolio, while the comparable orders increased from last year's high base. The strongest order momentum was recorded in the systems- and project-related busi
Slide 4: Basic EPS
Basic EPS $ per share 150 140 130 t 0.70 0.60 i t 0.50 0.40 0.30 0.20 0.10 i 0.00 2021 2022 2023
Slide 5: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 3,000 20% 1,500 15% 1,000 10% || | | | : 0% 2021 2022 2023 ‘summa Operational EBITA ummm Income from operations Operational EBITA margin %
Slide 6: Gross profit, income from operations and operational EBITA
ABB INTERIM REPORT I Q2 2023 4 Gross profit Gross profit increased strongly by 26% (28% constant currency) to $2,888 million, supported by a significant gross margin improvement of 380 basis points to 35.4 %. Gross margin improved in all business areas, with three showing significant increases. Inco
Slide 7: Net Cash (Net Debt) position
Net Cash (Net Debt) position $inmillions 500 _ _ _ _ “Tt UT! -2,500 -5,500 -8,500 2021 2022 2023
Slide 8: Free cash flow conversion to net income, R12M
Free cash flow conversion to net income’, R12M 400% 300% 200% 100% 0% Diveaeces 2022 2023
Slide 9: Net working capital, capex, net debt and cash flows
ABB INTERIM REPORT I Q2 2023 5 Net working capital Net working capital amounted to $4,585 million, increasing year-on-year from $3,663 million and sequentially from $4,164 million. The sequential increase was driven mainly by higher receivables triggered by high revenue growth and higher inventories
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Slide 11: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 4,500 16,000 4,000 | : 14,000 3,500 | | 12,000 3,000 2,500 10,000 2021 2022 2023 smmamms Orders wummmmm Revenues Orders 12M rolling
Slide 12: Orders and revenues
ABB INTERIM REPORT I Q2 2023 6 Orders and revenues Customer activity was yet again at a high level. At $3,960 million, orders increased by 1% (3% comparable), up from the high base last year. ● Order momentum was strongest in the systems -related offering often linked to the medium voltage segment w
Slide 13: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 2,500 25% 2,400 | + 20% 400 15% 300 10% 200 ] 100 | 5% ° 0% 2021 2022 2023 iummmas Operational EBITA wm Income from operations Operational EBITA margin %
Slide 14: Orders and revenues: systems-related operations
ABB INTERIM REPORT I Q2 2023 7 Orders and revenues Strong momentum in the systems-related operations supported the business area order increase of 3% (3% comparable) to $2,137 million, up from the high comparable level last year. ● High customer activity in the medium voltage operations triggered a
Slide 15: Orders and Revenues
Orders and Revenues 12M $in $inmillions millions 2,500 7,500 2,000 7,000 1,500 ue 6,500 1,000 | | il | 6,000 500 5,500 2021 2022 2023 mms Orders mms Revenues Orders 12M rolling
Slide 16: Income from operations & Operational EBITA
Income from operations & Operational EBITA $inmillions 300 20% 225 15% 150 | : 10% 75 a 5% co) : 0% 2021 2022 2023 =a Operational EBITA en Income from operations Operational EBITA margin %
Slide 17: Orders and revenues: Process Automation
ABB INTERIM REPORT I Q2 2023 8 Orders and revenues Customer activity remained at a high level across the segments, although some hampering timing-related effects were noted. The project pipeline in the market rema ined robust. Primarily the spin-off of Accelleron weighed on total growth year-on-year
Slide 18: Orders and Revenues
Orders and Revenues $ in millions 1,350 1,100 850 600 350 2021 2022 mmm Orders mms Revenues Orders 12M rolling 2023 12M $in millions 4,500 4,000 3,500 3,000 2,500
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Slide 20: Orders and revenues: Robotics and Discrete Automation
ABB INTERIM REPORT I Q2 2023 9 Orders and revenues Orders declined by 23% (22% comparable) year-on-year, to $850 million. Consistent with the previous quarter, customers normalized order patterns, adjusting to an environment with shorter delivery lead times as supply chain constraints eased compared
Slide 21: CO2e Scope 1&2
COze Scope 1&2 Ktons Ktons, R12M 200 750 150 600 450 100 300 7 fii. ° ° 2021 2022 2023 ummm Ktons of CO2 equivalent emissions (Scope 1&2) Ktons of COz equivalent emissions (Scope 1&2), R12M
Slide 22: Lost Time Injury Frequency Rate
Lost Time Injury Frequency Rate LTIFR 0.20 0.15 0.10 0.05 0.00 2021 2022 2023 tummms LTIFR, frequency/200,000 working hours LTIFR, frequency/200,000 working hours, RI2M
Slide 23: Quarterly highlights
ABB INTERIM REPORT I Q2 2023 10 Quarterly highlights ● ABB is collaborating with Lhyfe, a world pioneer in the production of renewable hydrogen, and Skyborn, a global leader in renewable energy, to jointly realize and optimize one of Europe’s most ambitious renewable hydrogen projects ever, SoutH2Po
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Slide 25: Q2 2023 Financial Information contents
2 Q2 2023 FINANCIAL INFORMATION — Financial Information Contents 03 ─ 07 Key Figures 08 ─ 33 Consolidated Financial Information (unaudited) 34 ─ 46 Supplemental Reconciliations and Definitions
Slide 26: Key Figures
3 Q2 2023 FINANCIAL INFORMATION — Key Figures CHANGE ($ in millions, unless otherwise indicated) Q2 2023 Q2 2022 US$ Comparable (1) Orders 8,667 8,807 -2% 2% Order backlog (end June) 21,938 19,477 13% 14% Revenues 8,163 7,251 13% 17% Gross Profit 2,888 2,290 26% as % of revenues 35.4% 31.6% +3.8 pts
Slide 27: Q2 2023 Financial Information
33 Q2 2023 FINANCIAL INFORMATION