Q2-2022-results: financial information - English

July 21, 2022

Q2 2022

Financial information

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Financial Information

Contents

03 ─ 07	Key Figures
08 ─ 34	Consolidated Financial Information (unaudited)
35 ─ 47	Supplemental Reconciliations and Definitions

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Key Figures

			CHANGE
($ in millions, unless otherwise indicated)	Q2 2022	Q2 2021	US$	Comparable(1)
Orders	8,807	7,989	10%	20%
Order backlog (end June)	19,477	15,424	26%	37%
Revenues	7,251	7,449	-3%	6%
Gross Profit	2,290	2,508	-9%
as % of revenues	31.6%	33.7%	-2.1 pts
Income from operations	587	1,094	-46%
Operational EBITA(1)	1,136	1,113	2%	9%(2)
as % of operational revenues(1)	15.5%	15.0%	+0.5 pts
Income from continuing operations, net of tax	406	789	-49%
Net income attributable to ABB	379	752	-50%
Basic earnings per share ($)	0.20	0.37	-47%(3)
Cash flow from operating activities(4)	382	663	-42%
Cash flow from operating activities in continuing operations	385	663	-42%
			CHANGE
($ in millions, unless otherwise indicated)	H1 2022	H1 2021	US$	Comparable(1)
Orders	18,180	15,745	15%	24%
Revenues	14,216	14,350	-1%	7%
Gross Profit	4,571	4,776	-4%
as % of revenues	32.2%	33.3%	-1.1 pts
Income from operations	1,444	1,891	-24%
Operational EBITA(1)	2,133	2,072	3%	9%(2)
as % of operational revenues(1)	14.9%	14.4%	+0.5 pts
Income from continuing operations, net of tax	1,049	1,340	-22%
Net income attributable to ABB	983	1,254	-22%
Basic earnings per share ($)	0.51	0.62	-18%(3)
Cash flow from operating activities(4)	(191)	1,206	n.a.
Cash flow from operating activities in continuing operations	(179)	1,186	n.a.

1. For a reconciliation of non-GAAP measures see "Supplemental Reconciliations and Definitions" on page 35.
2. Constant currency (not adjusted for portfolio changes).
3. EPS growth rates are computed using unrounded amounts.
4. Cash flow from operating activities includes both continuing and discontinued operations.

3 Q2 2022 FINANCIAL INFORMATION

						CHANGE
($ in millions, unless otherwise indicated)		Q2 2022		Q2 2021	US$	Local	Comparable
Orders	ABB Group	8,807	7,989	10%	17%	20%
	Electrification	4,037	3,693	9%	16%	16%
	Motion	2,079	1,947	7%	14%	26%
	Process Automation	1,819	1,555	17%	25%	25%
	Robotics & Discrete Automation	1,109	968	15%	24%	23%
	Corporate and Other
	(incl. intersegment eliminations)	(237)	(174)
Order backlog (end June)	ABB Group	19,477	15,424	26%	36%	37%
	Electrification	6,706	5,029	33%	42%	42%
	Motion	4,568	3,558	28%	40%	43%
	Process Automation	6,170	5,980	3%	12%	12%
	Robotics & Discrete Automation	2,728	1,501	82%	98%	97%
	Corporate and Other
	(incl. intersegment eliminations)	(695)	(644)
Revenues	ABB Group	7,251	7,449	-3%	4%	6%
	Electrification	3,531	3,406	4%	10%	10%
	Motion	1,626	1,850	-12%	-6%	3%
	Process Automation	1,529	1,540	-1%	7%	7%
	Robotics & Discrete Automation	732	832	-12%	-5%	-5%
	Corporate and Other
	(incl. intersegment eliminations)	(167)	(179)
Income from operations	ABB Group	587	1,094
	Electrification	465	549
	Motion	231	303
	Process Automation	175	190
	Robotics & Discrete Automation	43	74
	Corporate and Other
	(incl. intersegment eliminations)	(327)	(22)
Income from operations %	ABB Group	8.1%	14.7%
	Electrification	13.2%	16.1%
	Motion	14.2%	16.4%
	Process Automation	11.4%	12.3%
	Robotics & Discrete Automation	5.9%	8.9%
Operational EBITA	ABB Group	1,136	1,113	2%	9%
	Electrification	599	592	1%	9%
	Motion	266	325	-18%	-13%
	Process Automation	224	192	17%	28%
	Robotics & Discrete Automation	60	96	-38%	-29%
	Corporate and Other
	(incl. intersegment eliminations)	(13)	(92)
Operational EBITA %	ABB Group	15.5%	15.0%
	Electrification	16.9%	17.4%
	Motion	16.4%	17.7%
	Process Automation	14.3%	12.5%
	Robotics & Discrete Automation	8.2%	11.5%
Cash flow from operating activities	ABB Group	382	663
	Electrification	393	511
	Motion	241	223
	Process Automation	193	228
	Robotics & Discrete Automation	56	78
	Corporate and Other
	(incl. intersegment eliminations)	(498)	(377)
	Discontinued operations	(3)		-

4 Q2 2022 FINANCIAL INFORMATION

						CHANGE
($ in millions, unless otherwise indicated)		H1 2022		H1 2021	US$	Local	Comparable
Orders	ABB Group	18,180	15,745	15%	21%	24%
	Electrification	8,434	7,224	17%	22%	22%
	Motion	4,281	3,864	11%	17%	29%
	Process Automation	3,511	3,211	9%	15%	15%
	Robotics & Discrete Automation	2,417	1,809	34%	42%	40%
	Corporate and Other
	(incl. intersegment eliminations)	(463)	(363)
Order backlog (end June)	ABB Group	19,477	15,424	26%	36%	37%
	Electrification	6,706	5,029	33%	42%	42%
	Motion	4,568	3,558	28%	40%	43%
	Process Automation	6,170	5,980	3%	12%	12%
	Robotics & Discrete Automation	2,728	1,501	82%	98%	97%
	Corporate and Other
	(incl. intersegment eliminations)	(695)	(644)
Revenues	ABB Group	14,216	14,350	-1%	5%	7%
	Electrification	6,858	6,546	5%	10%	10%
	Motion	3,198	3,517	-9%	-4%	6%
	Process Automation	3,035	2,947	3%	9%	9%
	Robotics & Discrete Automation	1,462	1,685	-13%	-8%	-9%
	Corporate and Other
	(incl. intersegment eliminations)	(337)	(345)
Income from operations	ABB Group	1,444	1,891
	Electrification	971	989
	Motion	485	568
	Process Automation	326	337
	Robotics & Discrete Automation	65	156
	Corporate and Other
	(incl. intersegment eliminations)	(403)	(159)
Income from operations %	ABB Group	10.2%	13.2%
	Electrification	14.2%	15.1%
	Motion	15.2%	16.2%
	Process Automation	10.7%	11.4%
	Robotics & Discrete Automation	4.4%	9.3%
Operational EBITA	ABB Group	2,133	2,072	3%	9%
	Electrification	1,109	1,103	1%	7%
	Motion	540	614	-12%	-8%
	Process Automation	420	347	21%	29%
	Robotics & Discrete Automation	109	201	-46%	-40%
	Corporate and Other
	(incl. intersegment eliminations)	(45)	(193)
Operational EBITA %	ABB Group	14.9%	14.4%
	Electrification	16.1%	16.8%
	Motion	16.9%	17.4%
	Process Automation	13.7%	11.8%
	Robotics & Discrete Automation	7.4%	11.9%
Cash flow from operating activities	ABB Group	(191)	1,206
	Electrification	432	830
	Motion	239	547
	Process Automation	253	461
	Robotics & Discrete Automation	27	189
	Corporate and Other
	(incl. intersegment eliminations)	(1,130)	(841)
	Discontinued operations	(12)	20

5 Q2 2022 FINANCIAL INFORMATION