Motorola Solutions, Inc. · NYSE:MSI
Motorola Solutions — Q4 2020 Earnings Presentation
18 slides from Motorola Solutions's earnings presentation, Feb 4, 2021
Slide 1: Earnings Presentation Q4 and Full-Year 2020 Results
MM MOTOROLA SOLUTIONS EARNINGS PRESENTATION Q4 AND FULL-YEAR 2020 RESULTS | FEBRUARY 4, 2021
Slide 2: Safe Harbor
SAFE HARBOR A number of forward-looking statements will be made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any f
Slide 3: Safe Harbor
SAFE HARBOR This presentation is being made on the 4th day of February, 2021. The content of this presentation contains time-sensitive information that is accurate only as of the time hereof. If any portion of this presentation is rebroadcast, retransmitted or redistributed at a later date, Motorola
Slide 4: Highlights (Q4)
HIGHLIGHTS • Sales of $2.3B, down 4% vs. the prior year ○ ○ • Record North America LMR orders during the quarter including: ○ ○ ○ • GAAP EPS of $2.37 • Non-GAAP EPS* of $2.86 • Operating cash flow of $703M; Free cash flow** of $637M • Repurchased $171M of shares and paid $109M in dividends
Slide 5: Highlights (Full Year)
HIGHLIGHTS ● Sales of $7.4B, down 6% ○ ○ ● GAAP EPS of $5.45; Non-GAAP EPS* of $7.69, down 3% ● Record ending backlog of $11.4B, up 2% year over year ● Operating cash flow of $1.6B; Free cash flow** of $1.4B ● Invested $287M for acquisitions in video security, command center software, and cybersecurit
Slide 6: Financial Results
FINANCIAL RESULTS Q4 19 Q4 20 CHANGE 2019 2020 CHANGE
Slide 7: Cash Flow
CASH FLOW M($) 2019 2020 CHANGE FREE CASH FLOW* $1,575 $1,396 ($179)
Slide 8: Products & SI
PRODUCTS & SI • Revenue down 10% driven by public safety LMR and PCR, partially offset by growth in video security • Non-GAAP Operating margin* down 190 bps primarily due Revenue to lower sales • Notable wins and achievements: Non-GAAP Operating Margin %*
Slide 9: Software & Services
SOFTWARE & • Revenue up 8%, driven by growth in LMR services, video SERVICES security, and command center software Revenue • Non-GAAP operating margin up 220 bps driven by higher sales and improved OPEX leverage • Notable multi-year wins and achievements: Non-GAAP Operating Margin %*
Slide 10: Regional Revenue (Q4)
REGIONAL ($M) Q4 19 Q4 20 CHANGE REVENUE TOTAL $2,377 $2,273 (4%) ● North America ● International
Slide 11: Regional Revenue (Full Year)
REGIONAL ($M) 2019 2020 CHANGE REVENUE TOTAL $7,887 $7,414 (6%) ● North America ● International
Slide 12: Backlog Trend
BACKLOG TREND Software and Services $11.3 $10.7 $11.4 Products and Systems Integration
Slide 13: Outlook
Q1 2021 OUTLOOK Q1 Details FULL-YEAR 2021 Full-Year Details
Slide 14: Q&A Participants
Q&A PARTICIPANTS GREG BROWN JACK MOLLOY JASON WINKLER KELLY MARK TIM YOCUM
Slide 15: Use of Non-GAAP Measures
USE OF NON-GAAP MEASURES In addition to the GAAP results provided during this event, Motorola Solutions has provided certain non-GAAP measurements. Motorola Solutions has provided these non-GAAP measurements as a measure to help investors better understand its core operating performance, enhance com
Slide 16: Supplemental Disaggregation of Revenue
SUPPLEMENTAL DISAGGREGATION OF REVENUE
Slide 17: Supplemental Non-GAAP Measures
SUPPLEMENTAL NON-GAAP MEASURES
Slide 18: Thank You
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