Caterpillar, Inc. · NYSE:CAT
Caterpillar — Q1 2017 Earnings Presentation
14 slides from Caterpillar's earnings presentation, Apr 25, 2017
Slide 1: First-Quarter 2017 Financial Review
FIRST-QUARTER 2017 FINANCIAL REVIEW April 25, 2017
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: Strong First Quarter
FIRST-QUARTER 2017 Strong First Quarter • Sales & revenues higher for the first time year-over-year in 10 quarters • Outstanding operational performance • Raised sales & revenues outlook range to $38 billion - $41 billion • Continued uncertainty and economic volatility for remainder of 2017 CUSTOMER
Slide 4: First-Quarter 2017 Financial Results
FIRST-QUARTER 2017 FINANCIAL RESULTS Sales and Revenues Profit Per Share Profit Per Share (in billions of dollars) (in dollars) Excluding Restructuring Costs (in dollars) $9.8 $0.32 $1.28 $1.28 $9.8 $0.64 $9.5 $0.46 $0.32 Q1 2016 Q1 2017 Q1 2016 Q1 2017 Q1 2016 Q1 2017 CUSTOMERS. PEOPLE. SHAREHOLDER
Slide 5: Consolidated Operating Profit
CONSOLIDATED OPERATING PROFIT First-Quarter 2017 vs. First-Quarter 2016 $1,200 18 Results 27 (591) $1,000 140 • Higher sales volume, including 96 favorable mix of products $800 88 184 • Lower period costs, improved variable manufacturing costs and ($ in Millions) $600 494 (39) favorable price realiz
Slide 6: Construction Industries
CONSTRUCTION INDUSTRIES Highlights Sales Segment Profit Highlights (in billions of dollars) (in millions of dollars) • Price realization favorable • Favorable price realization • Asia/Pacific higher end-user $4.1 $635 • Lower period costs demand primarily in China $4.1 $635 $4.0 • North America unfa
Slide 7: Resource Industries
RESOURCE INDUSTRIES Highlights Sales Segment Profit / (Loss) Highlights (in billions of dollars) (in millions of dollars) • Sales increased in both new • Higher sales volume equipment and aftermarket parts $1.7 $158 • Lower period costs $1.7 $158 • Short-term incentive • Most of the increase was for
Slide 8: Energy & Transportation
ENERGY & TRANSPORTATION Highlights Highlights Sales Segment Profit • Oil and Gas higher sales in (in billions of dollars) (in millions of dollars) • Higher sales volume North America for aftermarket parts and reciprocating engines used in gas compression $3.4 $552 • Favorable impact from cost absorp
Slide 9: Full-Year Outlook
FULL-YEAR OUTLOOK Previous Outlook1 Current Outlook2 Sales and Revenues $36 to $39 billion $38 to $41 billion Profit Per Share3 $2.30 $2.10 Restructuring Costs $500 million $1.25 billion Profit Per Share Excluding $2.90 $3.75 Restructuring Costs3 Sales and revenues Sales and revenues Midpoint: $37.5
Slide 10: Positives & Risks for Outlook
POSITIVES & RISKS FOR OUTLOOK Positives Business confidence Global growth U.S. | Construction activity Backlog up China | Industry growth Risks Competitive pricing Middle East | Weak economies Commodity and oil price volatility Geopolitical uncertainty elevated Retail stats (outside of Asia/Pacific)
Slide 11: Full-Year Outlook Compared to 2016 Sales
FULL-YEAR OUTLOOK COMPARED TO 2016 Sales Construction Industries flat to up 5 percent Resource Industries up 10 to 15 percent Energy & Transportation flat CUSTOMERS. PEOPLE. SHAREHOLDERS. 11
Slide 12: Full-Year Outlook
FULL-YEAR OUTLOOK Previous Outlook1 Current Outlook2 Sales and Revenues $36 to $39 billion $38 to $41 billion Profit Per Share3 $2.30 $2.10 Restructuring Costs $500 million $1.25 billion Profit Per Share Excluding $2.90 $3.75 Restructuring Costs3 Sales and revenues Sales and revenues Midpoint: $37.5
Slide 13: Key Takeaways
KEY TAKEAWAYS • Great quarter – First quarter of higher year-over-year sales and revenues in more than two years • Raised sales and revenues outlook range for full-year 2017 • Outstanding operational performance, reflecting cost focus and restructuring actions taken • Healthy balance sheet and good
Slide 14: Q & A
Q&A CUSTOMERS. aru) se PEOPLE. — a) SHAREHOLDERS. | = = CATERPILLAR