2022 Q3 Financial Results slide image

2022 Q3 Financial Results

2022 Guidance May 2022 Guidance 8% - 10% August 2022 Guidance 7% - 8% ENVIRONMENT / KEY ASSUMPTIONS Net Sales Growth Acquisitions Divestitures ~0 pts 1-2 pts ~0 pts (~1 pt) FX (~1 pt) (2-3 pts) Underlying Sales Growth* 9% -11% Automation Solutions 7% -9% Commercial & Residential Solutions 12% -14% Restructuring Actions ~$150M ~$150M Tax Rate ~22% ~22% Operating Cash Flow Capital Spend Free Cash Flow* Dividend Share Repurchase GAAP EPS -$3.6B -$3.0B -$600M ~$525M ~$3.0B -$2.5B ~$1.2B ~$1.2B $250M - $500M ~$500M Adjusted EPS* $4.77 - $4.92 $4.95 - $5.10 $5.25 - $5.35 $5.05 - $5.15 9% - 10% 6% -7% 13% -14% Order strength and backlog support Q4 growth Supply chain constraints persist; electronic component availability remains stable but challenging de-commits expected to reduce in Q4 - Inflationary pressure continues; incremental price programs to offset Remain vigilant on China – not anticipating further COVID-19 related lockdowns or constraints in Q4 Note: Underlying sales growth* excludes heritage AspenTech, Therm-O-Disc (previously reported in Commercial & Residential Solutions) and Emerson's businesses contributed to AspenTech (previously reported in Automation Solutions) 14
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