Investor Presentaiton
Part I
Item 1. Business.
Eaton Corporation plc (Eaton or the Company) is an intelligent power management company dedicated to improving the
quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to
operate sustainably and to help our customers manage power - today and well into the future. By capitalizing on the global
growth trends of electrification and digitalization, we're accelerating the planet's transition to renewable energy, helping to solve
the world's most urgent power management challenges, and doing what's best for our stakeholders and all of society.
Eaton's businesses are well-positioned to take advantage of secular growth trends related to the energy transition from fossil
fuels to renewables. We are responding to these trends by innovating solutions that transform the electrical power value chain,
investing in electrical vehicle markets, increasing our focus on electrification, and employing digital technologies for power
management. The Company's innovations are expected to enable the integration of renewables and sustainability solutions,
with new types of equipment, services, and software. These strategic focus areas are an important part of our response to
climate change.
Founded in 1911, 2023 marks Eaton's 100th anniversary of being listed on the New York Stock Exchange. We reported
revenues of $20.8 billion in 2022 and serve customers in more than 170 countries.
Eaton electronically files or furnishes reports pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
(Exchange Act) to the United States Securities and Exchange Commission (SEC), including annual reports on Form 10-K,
quarterly reports on Form 10-Q, current reports on Form 8-K, and proxy and information statements, as well as any
amendments to those reports. As soon as reasonably practicable, these reports are available free of charge through the
Company's website at www.eaton.com. These filings are also accessible on the SEC's website at www.sec.gov.
Acquisitions and Divestitures of Businesses
Information regarding the Company's acquisitions and divestitures is presented in Note 2 of the Notes to the Consolidated
Financial Statements.
Business Segment Information
Information by business segment regarding principal products, principal markets, methods of distribution and net sales is
presented in Note 17 of the Notes to the Consolidated Financial Statements. Additional information regarding Eaton's segments
and business is presented below.
Electrical Americas and Electrical Global
Principal methods of competition in these segments are performance of products and systems, technology, customer service
and support, and price. Eaton has a strong competitive position in these segments and, with respect to many products, is
considered among the market leaders. In normal economic cycles, sales of these segments are historically lower in the first
quarter and higher in the third and fourth quarters of a year. In 2022, 24% of these segments' sales were made to seven large
customers of electrical products and electrical systems and services.
Aerospace
Principal methods of competition in this segment are total cost of ownership, product and system performance, quality,
design engineering capabilities, and timely delivery. Eaton has a strong competitive position in this segment and, with respect to
many products and platforms, is considered among the market leaders. In 2022, 22% of this segment's sales were made to three
large original equipment manufacturers of aircraft.
Vehicle
Principal methods of competition in this segment are product performance, technology, global service, and price. Eaton has
a strong competitive position in this segment and, with respect to many products, is considered among the market leaders. In
2022, 32% of this segment's sales were made to three large original equipment manufacturers of vehicles and related
components.
eMobility
Principal methods of competition in this segment are product performance, technology, global service, and price. Eaton has
a strong competitive position in this segment. In 2022, 26% of this segment's sales were made to six large original equipment
manufacturers of vehicles, construction equipment and related components.
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